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Sales of new U.S. homes unexpectedly plunged in March to the lowest level in eight months, reflecting a broad-based retreat that signals the industry is facing bigger challenges than just bad weather. more
Amgen Inc., the world’s largest biotechnology company by revenue, disappointed analysts with lower-than-expected sales of its top drug as executives assured investors the drop was seasonal and they were on target to meet their 2014 projections. more
Partridge Snow & Hahn LLP is growing again, this time adding nine attorneys as it opens a Boston office. The new attorneys are former members of Craig and Macauley, a Boston-based firm, including two of the founders. Four of the new members of PSH will join on May 1 as partners, while three will assume roles as senior counsels and two as associates. more
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 Interstate 195 Redevelopment District Commission voted unanimously Monday evening to keep all preliminary proposals confidential and only reveal the identity of prospective developers after the two sides have signed a “letter of intent” to negotiate exclusively. more
Passenger traffic at T.F. Green Airport fell 6.2 percent in March compared with the same period last year, dropping from 335,578 total passengers in March 2013 to 314,784 last month, according to numbers released Tuesday by the R.I. Airport Corporation. more
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