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Providence
Tuesday, October 16, 2018

Economic Activity

THE UNITED STATES consumer price index slowed to a 2.3 percent annual gain, the least since February. / BLOOMBERG NEWS FILE PHOTO/ MICHAEL NAGLE

U.S. core inflation trails estimates as used-car prices tumble

NEW YORK - A gauge of underlying United States inflation was below estimates in September as used-vehicle costs fell and housing rents cooled, signaling...
WEDNESDAY'S SELLOFF in U.S. equity markets continue a recent trend, as rising interest rates and continuing trade spats injected uncertainty into world markets. / BLOOMBERGE NEWS PHOTO/MICHAEL NAGLE

U.S. stocks plunge most since Feb.

NEW YORK – United States stocks tumbled the most since February as fresh concern about the impact of the trade war with China roiled...
TRADERS WORK ON THE FLOOR of the New York Stock Exchange in New York. / BLOOMBERG NEWS PHOTO/MICHAEL NAGLE

Traders see bad day as `slightly overdue,’ not a reason to...

NEW YORK – With major indexes like the Standard & Poor’s 500 index and Nasdaq having their worst day since late June, traders across...
SEARS HOLDING CORP. is preparing to file for bankruptcy as soon as Sunday, according to a person familiar with the plan. / BLOOMBERG NEWS FILE PHOTO/BRENT LEWIN

Sears is preparing for bankruptcy as soon as this weekend

NEW YORK - The long goodbye for America’s most iconic retailer inches closer to an ending.Sears Holdings Corp., the struggling United States chain owned...
THE PROVIDENCE METRO ranked No. 85 on U.S. News & World Report's 2018 100 Best Places to Retire in the USA. / PBN FILE PHOTO

Providence metro ranks No. 85 on U.S. News Best Places to...

PROVIDENCE – The Providence metropolitan area ranked No. 85 in the U.S. News & World Report’s 2018 100 Best Places to Retire in the...
PAWTUCKET'S MATLET GROUP, led by CEO Gary Stiffler, has filed a WARN notice that it is closing its Pawtucket location, affecting 180 employees. / COURTESY THE MATLET GROUP

Matlet Group files WARN notice for 180 workers in Pawtucket

PROVIDENCE – The Matlet Group LLC, a packaging, printing and marketing company, filed a Worker Adjustment and Retraining Notification notice Tuesday, impacting 180 workers...
BOSCOV'S, a family-owned department store, will replace the Nordstrom in the Providence Place mall. / BLOOMBERG NEWS FILE PHOTO/BRADLEY C. BOWER

Boscov’s, ranked among Forbes’ best U.S. employers, to replace Nordstrom at...

PROVIDENCE – Following the announcement that Nordstrom will leave the Providence Place mall Tuesday, Brookfield Property Partners LP, which recently acquired GGP Inc., announced...
THE UNITED STATES producer-price index increased 2.6 percent year over year in September. /BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. producer prices increase for first time in 3 months

NEW YORK - United States producer prices rose for the first time in three months amid a surge in gauges reflecting airfares and rail-transportation...
REGULAR GAS PRICES in Rhode Island held this week at $2.84 per gallon. / BLOOMBERG NEWS FILE PHOTO/AKOS STILLER

R.I. gas prices hold at $2.84 per gallon

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island remained unchanged this week at $2.84 per gallon, 7 cents blow...
NORDSTROM IS CLOSING its Providence Place location in January. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER DITTS

Nordstrom shuttering Providence Place store

PROVIDENCE – Nordstrom Inc. will close its Providence Place mall location on Jan. 5, the company announced Tuesday.The closure marks the second anchor-store lost...
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