Updated April 19 at 1:08am
Local News
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President Barack Obama signed into law a $12.3 billion water-projects plan that will pay for deepening ports for bigger ships, cutting costs for exporters. more
Consumer borrowing in the U.S. climbed in December as Americans boosted their credit-card use by the most in eight months. 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
Last year was a record-breaker for Washington Trust Bancorp Inc. The company, which released year-end and fourth quarter earnings Wednesday, reported record net income and earnings per share for both the year and the fourth quarter, which its CEO attributes – in part – to its expansion into new markets. more
Sales of single-family homes flattened in 2014, but median prices continued to rise, to $215,000, the highest value of the past six years, according to the Rhode Island Association of Realtors. more
Employers added more jobs than forecast in February and the unemployment rate dropped to 5.5 percent, the lowest in almost seven years, showing the labor market is sustaining progress after the best annual performance in 15 years. more
A strengthening labor market and lower gasoline prices mean Americans have extra cash for the holidays. Some economists are forecasting the money will keep flowing into, and out of, consumers’ pockets next year. more
Finance magazine Global Finance has named FM Global “World’s Best Supply Chain Insurance Provider” in its February issue. more
Gasoline prices increased in Rhode Island and Massachusetts for the third week in a row. more
A study on the “mismatch” between jobs in declining industries and jobs available today does not fully explain Rhode Island’s high unemployment rate, according to a new study released Monday by the College & University Research Collaborative. more
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