Local News
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Purchases of previously owned U.S. homes fell in September for the first time in three months, retreating from an almost four-year high as rising prices and mortgage rates discouraged would-be buyers. more
The unemployment rate in Rhode Island and the Providence-Fall River-Warwick metropolitan area dropped in August compared with the same period last year, according to U.S. Bureau of Labor Statistics non-seasonally adjusted data released Monday. more
Gasoline prices rose 2 cents in Rhode Island, ending five consecutive weeks of declines, while prices in Massachusetts held steady, according to the weekly survey by AAA Southern New England. more
U.S. stocks swung between gains and losses, after the Standard & Poor’s 500 Index rallied to a record, as investors watched corporate earnings to assess the strength of the economy before Tuesday’s employment data. more
Rhode Island ranks No. 29 among U.S. states and the District of Columbia in an analysis of states’ opportunity and economic mobility, released Monday by nonprofit organizations Measure of America and Opportunity Nation. more
After five years of uncertainty and transformation, the Arcade Providence reopened to the public Monday. more
Washington Trust Bancorp Inc., parent company of The Washington Trust Co., announced net income of $10 million for the third quarter of 2013, an 11.9 percent increase on results from the same 2012 period. more
Payrolls climbed less than projected in September, indicating the U.S. economy had little momentum leading up to the federal government shutdown. The jobless rate fell to an almost four-year low more
Sales of single-family homes in Massachusetts rose 16 percent in September compared with the same period a year earlier, making it the best September since 2005, according to a report released Tuesday by The Warren Group. more
Bank of America Corp., sued by U.S. attorneys in August over an $850 million mortgage bond, faces three additional Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation. more
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