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Rhode Island’s seasonally adjusted unemployment rate fell to 9 percent in February, according to the latest monthly report from the R.I. Department of Labor and Training. Nationally, the U.S. unemployment rate rose one-tenth of a percentage point to 6.7 percent. more
American factories expanded in January at the weakest pace in eight months as orders slumped, a sign manufacturing cooled at the start of the year along with the weather. more
The foreclosure rate for residential mortgages in Rhode Island declined in January, according to real estate data firm CoreLogic in a report issued Thursday. more
The U.S. Department of Housing and Urban Development on Wednesday awarded nearly $1.8 billion to improve and preserve public housing in all 50 states including Rhode Island, which received $12.6 million. more
The Pentagon’s proposed $495.6 billion budget for the coming fiscal year would provide $154 billion for weapons purchases and research, $25 billion less than projected a year ago, according to the Defense Department. more
Lego A/S, the toymaker featured in a film that’s led U.S. ticket sales for three weekends, said full- year revenue advanced 10 percent with growth in all major markets, outpacing competitors including Mattel Inc. more
Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, must face a lawsuit by a bond insurer over what it claims was the bank’s sale of $1.15 billion of securities backed by “thousands of defective and fraudulently originated” home loans. more
Foreclosures in the Providence-Warwick metro area declined for the month of November compared with the same period last year, but rose slightly compared with a month earlier, according to a CoreLogic report released Monday. more
It was a little easier to get into Harvard College this year. The school accepted 5.9 percent of applicants to its freshman class, a higher percentage than the 5.8 percent in 2013, Cambridge, Mass.-based Harvard said in a statement yesterday. more
U.S. stocks fell, ending the Standard & Poor’s 500 Index’s longest stretch without a 5 percent slide since 2006, as a gauge of manufacturing in the world’s largest economy declined more than estimated. more
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