Economic Activity

CVS/Caremark deal may close this week

WOONSOCKET – CVS Corp. (NYSE: CVS) and Nashville-based Caremark Rx Inc. (NYSE: CMX) announced late yesterday that they expect their merger to close by...

Banks tightening credit, with or without Fed

WASHINGTON – Though the Federal Reserve left off raising interest rates in August, standing pat at its meetings since then, banks have continued to...
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Ivy Film Festival partners with OSTN

PROVIDENCE – The Ivy Film Festival today announced it has renewed its partnership with the Open Student Television Network.The Ivy Film Festival is now...

Mass. housing sales slow in February

BOSTON – The Massachusetts housing market slowed last month after rising in January for the first time in two years, The Warren Group reported...

Im-aj reaps more honors <br>for Crossroads, R.I. Housing PSAs

RICHMOND – The public service advertising campaigns developed by Im-aj Communications & Design Inc. for Rhode Island Housing and Crossroads Rhode Island have been...
IN THE SOUTH and West, construction surged last month, boosting national figures. Above, builders frame the roof of a house in Bentonville, Ark. /

U.S. housing starts rise, though permits fall

WASHINGTON – Building permits for private housing last month were issued at a seasonally adjusted rate of 1.532 million housing units per year, slowing...
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AAA: R.I. gas prices rise 1¢ to $2.579

PROVIDENCE – Gasoline prices in Rhode Island stand at $2.579 per gallon, according to AAA’s March 19 survey, an increase of 1 cent over...
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Preserve R.I. seeks ‘mini-grant’ applicants

PROVIDENCE – Preserve Rhode Island today announced it is accepting applications for “mini-grants” to aid local historic preservation projects.The deadline is May 29...

Rate cut unlikely when Fed meets tomorrow

WASHINGTON – Federal Reserve policymakers are expected to stand pat on interest rates at their meeting this week, which may set them up for...

Scorecard shows gaps in R.I.’s job growth

The numbers seem to contradict each other: At $49,511 in 2004-05, Rhode Island’s median household income was 7.5 percent higher than the nation’s median....
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