Economic Activity

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Markets ‘working well,’ Fed chief says

WASHINGTON – The nation’s financial markets “seem to be working well” after yesterday’s global selloff, Federal Reserve Chairman Ben S. Bernanke told the U.S....
THE RISE last month of the nation's housing supply to 6.6 month's worth of sales sounds like bad news for real estate agents like Mike Heckard, above, of Prudential Realty in Eugene, Ore. But other indicators hint the market may soon improve. /

U.S. housing, construction indicators mixed

Today’s government report that new-home sales fell 16.6 percent in January, to the lowest level in four years, only added to the confusion about...

FarSounder moves to In-Sight building in Warwick

WARWICK – FarSounder Inc. today announced it has moved to a 4,200-square-foot facility at 43 Jefferson Blvd., at the In-Sight Office Building.The new...

Belo names new president, ends monthly reports

DALLAS – Belo Corp. (NYSE: BLC), parent of The Providence Journal Co. and other media firms, today announced that Dunia A. Shive, 46, will...

Comments sought on ‘Providence Tomorrow’ plan

PROVIDENCE – An interim Comprehensive Plan, the next step in the “Providence Tomorrow” initiative to determine the future of the city’s neighborhoods, is available...

U.S. gross domestic product rises 3.3% in ’06

WASHINGTON – The nation’s real gross domestic product for all of 2006 rose 3.3 percent in 2006, after rising 3.2 percent in 2005, the...

Sales of new U.S. homes drop in January

New-home sales fell 16.6 percent in January to an annual rate that is the lowest since February 2003, according to a report today by...

LIN TV’s revenue soars 33% in 2006

PROVIDENCE – LIN TV Corp.’s revenue for the year ended Dec. 31 surged 33 percent to $426.1 million from 2005’s $321.1 million, the company...

Belo Corp. completes New Orleans TV deal

DALLAS – Belo Corp. (NYSE: BLC), parent of The Providence Journal Co., this week completed its purchase of MyNetwork TV affiliate WUPL-TV in New...
TRADERS WORK the floor of the New York Stock Exchange yesterday, when 'extraordinary heavy trading' erased this year's gains and caused problems with Dow Jones, NYSE and Nasdaq data reporting. /

Computer problems blamed<br> for Dow’s sudden drop

NEW YORK – Computer malfunctions due to heavy trading in yesterday’s global selloff made the Dow Jones Industrial Average appear to plummet 178 points...
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