Updated May 22 at 5:40pm
Local News
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Home construction rebounded in July and the cost of living rose at a slower pace, showing a strengthening U.S. economy has yet to generate a sustained pickup in inflation. more
The Northeast regional Consumer Price Index rose 1.8 percent on a nonseasonally adjusted basis during the 12 months ended in July compared with the national consumer price increase of 2 percent, according to a report from the U.S. Bureau of Labor Statistics. more
U.S. stocks advanced, after the Nasdaq Composite Index climbed to a 14-year high Monday, as retailers rallied on better-than-projected earnings while data showed inflation pressures remain limited and housing starts jumped. more
Don Pardo, the often heard, rarely seen announcer of the NBC television network for six decades, whose baritone voice was part of long-running shows such as “The Price is Right,” “Jeopardy!” and “Saturday Night Live,” has died. He was 96. more
While passenger traffic at T.F. Green Airport has declined consistently each month since January, airports in nearby Connecticut and Massachusetts have reported passenger increases, according to data compiled by Bernard Kavaler’s “Connecticut by the Numbers” website. more
Having invested all of its existing capital, Betaspring has decided to wait until spring 2015 to launch its next startup accelerator session as it seeks to raise new funding and focus on its current portfolio. more
(Updated, 3:50 p.m., Aug. 28) Some of the region’s most buzzworthy companies have been named in Providence Business News’ third Fastest-Growing & Innovative Companies awards program. Companies with the largest percentage growth of revenue from 2011 to 2013 in four revenue size categories, along with the most innovative companies in each of 10 industry categories, will be feted on Sept. 10 at an oceanfront event at Newport’s Rosecliff Mansion. more
Gasoline prices dropped 4 cents in Rhode Island this week and 3 cents in Massachusetts, according to the weekly survey by AAA Southern New England. more
Sensata Technologies Holding NV plans to buy Schrader International Inc. from Madison Dearborn Partners LLC for an enterprise value of $1 billion to expand in sensors that warn against low tire pressure. more
With the drop of Rhode Island’s unemployment rate in July to 7.7 percent, the state no longer claimed the highest jobless rate in the country for the first time since October, the U.S. Bureau of Labor Statistics reported Monday. more
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