Unemployment in Rhode Island slid one-tenth of a percentage point in May to a seasonally adjusted 8.2 percent, down from 8.3 percent in April, the R.I. Department of Labor and Training reported Thursday. Last month also represented the first time since April 2013 that the state’s civilian labor force improved on both a month-over-month and year-over-year basis.
Fewer Americans are filing applications for unemployment benefits, consumer confidence is rising and manufacturing is picking up as the world’s largest economy shows additional signs of strengthening.
By Lorraine Woellert and Victoria Stilwell Bloomberg News
General Electric Co., which is working to refine its offer for Alstom SA’s energy assets, will present new terms on Thursday as it seeks to thwart a counter bid by Siemens AG, said two people familiar with the matter.
By Helene Fouquet and Francois de Beaupuy Bloomberg News
Rhode Island exports declined 7.1 percent in April compared with the previous month but increased 10.5 percent on a year-over-year basis, according to an e-forecasting.com report released June 17.
Edesia Inc., a nonprofit that produces ready-to-use therapeutic foods and supplemental foods for malnourished children, has signed a 25-year lease at Quonset Business Park, where it plans to build a new facility and relocate from its current Providence location.
In the middle of an internship at Swissline Precision Manufacturing Inc., Bill Johnson of Central Falls is learning not only about how to be a machinist, but how to pay attention to subtleties in the metals he works with there.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.