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The negative outlook on the U.S.’s AAA credit-ranking was changed to stable by DBRS Inc. amid declining federal budget deficits and after Congress suspended the nation’s debt limit earlier this year until 2015. more
Rhode Island exports fell by $31.4 million in February, or 15.8 percent on a month-over-month basis, according to an e-forecasting.com report released Tuesday. more
U.S. house prices rose 6.9 percent in the 12 months through February, the smallest gain in a year, in a sign that the housing market’s recovery is cooling. more
The struggling Rhode Island construction industry could help reduce the state’s high unemployment rate by 1.4 percentage points if allowed to foster changes that would restore jobs, according to a study prepared for five trade groups by a Bryant University economist. more
Foreclosures in the Providence-Warwick metro area declined to 1.89 percent of all outstanding mortgage loans for the month of February from 2.85 percent reported during the same month a year earlier, according to a CoreLogic report released Tuesday. more
The public may never know what proposals the Interstate 195 Redevelopment District Commission turns down for the 20 acres of former highway land under its control, known as The Link. more
TD Bank has launched an online social community called “TD Helps” for consumers to ask questions about banking topics and personal finances, the bank announced April 14. more
The Rhode Island chapter of the Turnaround Management Association is sponsoring a forum on “Accessing Capital for Corporate Growth” on Wed., April 23, at the Hope Club in Providence, sponsored by Kahn, Litwin, Renza & Co. more
Energi, a leading provider of risk management and insurance programs for the energy industry, has recognized Glenn Carraher of Starkweather & Shepley Insurance Brokerage as an Energi Elite Broker for 2014, according to an announcement from the East Providence-based insurance brokerage. more
Webster Bank plans to add a senior banker and possibly other staff at its Providence offices during 2014, Chairman and CEO James C. Smith told Providence Business News following the release of the bank’s first quarter 2014 earnings report on April 17. more
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