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The owners of the Foundry complex in Providence have purchased the neighboring American Locomotive Works property off Valley Street, they announced Thursday. more
Direct spending on commercial real estate development in Rhode Island in 2012 ranked among the lowest in the country, according to a report by the Commercial Real Estate Development Association Research Foundation released Oct. 7. more
Americans in October were the most pessimistic about the nation’s economic prospects in almost two years as concern mounted that continued political gridlock will hurt the expansion. more
Economic growth in New England continued at a pace that varied by sector as hiring remained low, according to the Federal Reserve Board’s Beige Book released Wednesday. more
Beechcraft Corp., the U.S. planemaker that emerged from bankruptcy protection this year, is for sale again, people with knowledge of the matter said. more
U.S. financial conditions climbed to the highest level on record amid speculation lawmakers will agree to a deal to raise the debt ceiling and avert a default. more
Secretary of State A. Ralph Mollis will debut the State Archives Online Catalog at an official unveiling on Thursday at Rhode Island College. more
Powerdyne International Inc., a Warwick-based manufacturer of electrical power generation equipment, is considering a move to Worcester, Mass., the company announced Tuesday. more
Bank Systems & Technology has named James Gifas, executive vice president and head of treasury solutions for RBS Citizens, to the financial industry publication’s 2013 “Elite 8.” more
Confidence among U.S. homebuilders fell to a four-month low in October, underscoring the toll that partisan brinkmanship in Washington and the federal government shutdown are exacting on the economy. more
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