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Providence, US
Saturday, August 18, 2018

Economic Activity

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Providence Equity buying Clear Channel TV group

SAN ANTONIO and PROVIDENCE – Clear Channel Communications Inc. (NYSE: CCU) has agreed to sell its television group to Providence Equity Partners Inc. for...

E.U. ministers say euro doesn’t hurt growth

BERLIN – The euro’s two-year high against the dollar is not hurting the economies of Europe, euro-zone finance ministers said today.“The euro appreciated...

Pet-food recall spreads as deadly chemical<br> is found in another ingredient

The nationwide pet food recall was expanded yesterday after U.S. health officials found melamine in a rice-protein concentrate imported from China, Bloomberg News said. Melamine...
U.S. Senator Jack Reed (D-RI) /

R.I. to get $600,000 for homeless veterans

PROVIDENCE – A $614,882 grant from the federal government will help the Gateway to Independence Program at Nickerson Community Center expand its services for...

FM Global headquarters acquired by a REIT

NEW YORK – Capital Lease Funding Inc. (NYSE: LSE) yesterday announced it has completed the acquisition of 18 properties, including the Johnston headquarters of...
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R.I. jobless rate hits 4.5-year low

CRANSTON – Rhode Island’s seasonally adjusted unemployment rate fell to 4.2 percent in March from February’s 4.4 percent, bettering the U.S. rate for the...

J.D. Power: CVS/Caremark ranks high <br> in retail and mail-order customer service

WOONSOCKET – CVS/Caremark Corp. ranked No. 1 among mail-order pharmacy businesses and No. 2 among retail pharmacy chains in the J.D. Power and Associates...
SINCE THE EARLY 1980s - apart from two recessions, indicated above by gray bars -  the leading indicators have climbed fairly steadily. /

U.S. leading indicators rise 0.1%

The U.S. index of leading indicators edged up 0.1 percent in March to 137.4 points (1996 = 100), after declining 0.6 percent in February...
AIRCRAFT MAKERS Cessna and Bell accounted for 66 percent of Textron's business in 2006, while industrial manufacturing accounted for 26 percent and Textron Financial for the other 7 percent. /

Textron 1Q profit rises 16.7% to $196M

PROVIDENCE – Textron Inc. (NYSE: TXT) today said its first-quarter profit rose 16.7 percent, to $196 million, on revenue that rose 12.6 percent to...

Quaker Fabric’s 1Q loss widens to $5.1M

FALL RIVER – For the quarter ended March 31, Quaker Fabric Corp. (Nasdaq: QFAB) today said its net loss widened by 23.7 percent to...
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