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Providence, US
Saturday, May 26, 2018

Economic Activity

JOBLESS RATES from 2000 through last month are shown above for Rhode Island, in gray, and the nation, in black. /

R.I. beats U.S. jobless rate, breaks jobs record

CRANSTON – “For the first time since May 2005, Rhode Island’s unemployment rate is lower than the national average,” Adelita S. Orefice, director of...

Local group buying WRNI public radio for $2M

For the first time in Rhode Island history, the state will have its own locally-owned and operated public radio station.WBUR (90.9FM), Boston’s NPR...
THE PRISTINE WOODLANDS of the Shepard property, the parcel the federal funds will protect, provide habitat for a number of native and migratory species. /

$3M federal grant <br>to protect R.I. woodlands

WASHINGTON – The U.S. Forest Service will set aside $3 million to protect 1,100 acres of land in Coventry and West Greenwich, which will...

No. 5 homebuilder KB’s profits plunge 84%

LOS ANGELES – KB Home, the nation’s fifth-largest homebuilder, today said its profits fell 84 percent in the quarter ended Feb. 28 as the...

Subprime meltdown hits 0-down loans

The credit crunch that began with the meltdown of the subprime mortgage market has spread to affect even borrowers with good credit, according to...
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U.S. leading indicators fall 0.5% in Feb.

The U.S. Leading Economic Indicators index fell 0.5 percent last month to 137.3 points (1996 = 100) after declining 0.3 percent in January and...
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CVS/Caremark merger completed

WOONSOCKET – CVS Corp. and Caremark Rx today announced the closing of Caremark’s $27.2 billion acquisition by CVS.The combined company, renamed CVS/Caremark Corp....

Fed again keeps funds rate at 5.25%

WASHINGTON – The Federal Reserve Open Market Committee decided yesterday to keep its target for the federal funds rate at 5.25 percent, as it...
ALAN MULALLY, left,  Ford Motor Co. president and CEO, greets President George W. Bush after he toured the Missouri factory that makes the Ford Escape and Mariner hybrids. /

Alternative energy a national security issue,<br> Bush tells Ford, GM workers

Hybrid vehicles will bolster national security by reducing dependence on foreign oil, President George W. Bush yesterday told U.S. auto industry workers and executives...
SPENCER POWER, right, a recruiter for Broadview Staffing Services, right, interviews Yohana Baez at the netWORKri career center in Providence. /

Providence jobless rate lags nation’s in Jan.

Unemployment rates were lower in January than a year earlier in 179 of the 369 metropolitan areas nationwide, higher in 156 and unchanged in...
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