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U.S. stocks rose, sending the Standard & Poor’s 500 Index above 2,000 for the first time, on signs of more corporate takeovers and stimulus for the European economy. more
With six of its seven local component parts contributing positively, the Rhode Island Current Economic Indicator increased to 3 percent in the second quarter, from a 2.2 percent reading in the first three months of the year. more
(Updated, 4:15 p.m.) Developer Richard Baccari II said Monday that his proposal for a mixed-use building on a parcel of East Side former Interstate 195 land has received a preliminary endorsement from the I-195 Redevelopment District Commission. more
Lincoln-based A.T. Cross Co., a portfolio company of Clarion Capital Partners, has signed an asset-purchase agreement to acquire Sheaffer, the fine-writing-instrument business of Clichy, France-based BIC for approximately $15 million. more
The Slater Technology Fund is seeking $3 million from the state Renewable Energy Fund to seed a new $8 million investment vehicle for Rhode Island early-stage energy companies. more
Tightening supply resulted in fewer single-family and condominium sales in Massachusetts in July, while driving home prices higher, according to the latest statistics released by The Warren Group. more
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 2,000, after a report showed the biggest-ever jump in durable-goods orders and an unexpected consumer confidence increase. more
Citing a number of concerns, including community opposition to the location of large wind turbines near the city’s Point neighborhood, the U.S. Navy has shelved its proposed wind energy project in Newport. more
Restaurants and lodging outlets in Rhode Island are expected to continue the slow, steady growth that has characterized those industries since the Great Recession, according to speakers at the Rhode Island Hospitality Association’s annual Economic Outlook Breakfast. more
Rhode Island tied for the third-largest month-over-month statewide increase in home sales prices in June, rising 1.2 percent from May, according to the latest Black Knight Home Price Index report. more
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