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Siemens AG, Europe’s biggest engineering company, agreed to supply turbines to the $2.6 billion Cape Wind project, the first offshore wind farm planned in the U.S. more
Gasoline prices rose a penny in both Rhode Island and Massachusetts this week, marking the fifth consecutive week of price increases, according to the weekly survey by AAA Southern New England. more
The construction and operation of wind turbines in Rhode Island does not depress nearby property values, according to a study by University of Rhode Island economist Corey Lang. more
Foreclosures in the Providence-Warwick metro area declined for the month of October compared with the same period last year, and also dropped slightly compared with a month earlier, according to a CoreLogic report released Monday. more
Consumer spending rose in November by the most in five months as Americans took advantage of store discounts during the year-end shopping season, giving the world’s largest economy a lift. more
Textron Inc., the manufacturer of Cessna aircraft and Bell helicopters, rose the most in almost two years after the Financial Times reported Friday that the company was near a $1.4 billion purchase of planemaker Beechcraft Corp. more
Construction employment in Rhode Island rose 2.6 percent in November compared with the same period last year, adding 400 jobs for a total of 15,700 jobs, the Associated General Contractors of America reported Friday. more
Beginning Jan. 1, Rhode Islanders who buy their electricity through National Grid will see their monthly electricity bills increase, the utility said Friday. more
Rhode Island’s November unemployment rate of 9 percent remained the highest in New England and tied with Nevada for the highest unemployment rate in the country, the U.S. Bureau of Labor Statistics reported Friday. more
The Rockefeller Foundation has awarded a $559,296 grant to the Coastal Resources Center at the University of Rhode Island’s Graduate School of Oceanography to coordinate and support the foundation’s Oceans & Fisheries Initiative. more
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