Economic Activity

Bond investors worry as CDOs grow riskier

High-risk securities used in leveraged buyouts have taken on more risk over the last few years, causing bond investors to worry that they will...
THE CVS/CAREMARK merger proposal announced in November by Thomas M. Ryan, left, president and CEO of CVS, and Mac Crawford, his Caremark Rx counterpart, has won the endorsement of advisory service ISS. /

CVS/Caremark merger wins ISS approval

NASHVILLE, Tenn. – Caremark Rx. Inc. (NYSE: CMX) today announced that Institutional Shareholder Services, an independent proxy voting advisory service, is now advising clients...
EMPLOYERS in the Northeast expect little staffing change in the second quarter, Manpower said. Above, the region's quarterly outlook from 1997 to the current survey. /

Survey: Providence-area 2Q job outlook ‘dull’

Providence-area employers anticipate a “dull” job market in the second quarter, according to the Manpower Employment Outlook Survey released today. The region’s outlook is...
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Allied Consulting Engineering opens R.I. office

WARWICK – Allied Consulting Engineering Services Inc. of Sudbury, Mass., today announced the opening of a second office, at 43 Jefferson Blvd., Warwick. “Our new...

R.I. economy grows in January, CCI shows

KINGSTON – Rhode Island’s economy continued to grow in January as the fourth quarter’s momentum carried over into the new year, according to University...
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AAA: R.I. gas prices rise 7¢ to $2.569

PROVIDENCE – Gasoline prices in Rhode Island have risen 7 cents, in their fourth straight week of increases, to their highest level since September,...

Profits key to Bernanke-Greenspan conflict

Profits are at the root of the disagreement between Federal Reserve chairman Alan Greenspan and successor Ben S. Bernanke over where the economy is...

Housing slump may not be over after all

The housing slump may not be over after all. As many as 1.5 million more families may lose their homes, another 100,000 people in...

Group calling for stronger mass transit

Calling it vital to the future of Providence and the state, a public transit study group formed by Providence Mayor David N. Cicilline is...
JASON HARRY founded Afferent Corp. in Providence in 2000, with technology developed at Brown University. /

Ocean State is growing ‘new economy’

Jason Harry started the Afferent Corp. in Providence in 2000 after acquiring technology from a personal contact at Boston University. Since then, the medical...
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