Economic Activity

Initial jobless claims fall

WASHINGTON -- Employers appear to be holding on to workers at a higher rate than expected, as first-time claims for jobless benefits fell more...

Realtors foresee rise in home sales, prices

WASHINGTON – Sales of existing homes are likely to pick up late this year and new-home sales early next year, when home prices are...
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Survey: CEOs’ confidence wanes in 2Q

Confidence among CEOs nationwide declined in the quarter just ended, according to a report today by The Conference Board, based on a survey of...

Home loan applications rise for second week

WASHINGTON – U.S. mortgage applications rose a seasonally adjusted 1.1 percent last week, according to a report today from the Mortgage Bankers Association. Applications...
THE DEPOT, as townspeople call the former Pawtucket/Central Falls Station, straddles the railway line and the city line. The curve in the tracks makes it less desirable as a new commuter rail station,  a study found. /

Pawtucket in pact with Depot developers

PAWTUCKET – Mayor James E. Doyle today announced an agreement between the Pawtucket Redevelopment Agency and SMPO/Warwick RICS LLC, the current owners of the...
FEARS FOR THE ECONOMY are spurring consumers to cut back on apparel purchases, analyst Eric Beder said. Above, Chelsea Cronin checks out the swimsuit selection at a Target in San Diego. /

ICSC: Retail sales rise 0.1%

NEW YORK – Sales at U.S. retail stores open at least one year rose a seasonally adjusted 0.1 percent over the past week, matching...

R.I. tax burden still high, RIPEC says

PROVIDENCE - Although the Ocean State maintained its status as a high tax-burden state, its rank in a number of measures fell when compared...
RUMFORD CENTER, in the former Rumford Chemical Works, will include  retail and commercial space plus  a mix of condominiums and luxury rental apartments. The first units are slated to open next spring. /

R.I. home sales fall, condo sales rise

BOSTON – Sales and prices of single-family homes declined in May in Rhode Island and across southern New England, according to a report today...
UNDER THE NEW RATES, Mediaid reimbursements to pharmacies for generic drugs will average 36% less than what the stores pay for the medications, a GAO analysis found. /

Medicaid to slash payments for generic drugs

WASHINGTON – Medicaid, the national health care plan for the poor, will reduce its payments for generic medicines, the U.S. Centers for Medicare and...

AAA: R.I. gas prices rise 1¢ to $2.939

PROVIDENCE – Rhode Island gasoline prices rose an average of 1 cent per gallon over the past week, after falling for five consecutive weeks,...
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