Economic Activity

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...
 /

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...
TURBINES CATCH THE BREEZE at Meridian Energy Ltd's Te Apiti wind farm outside Palmerston North, on the North Island of New Zealand; the farm's 55 turbines power 900 homes. /

Study: R.I. could get 75%<br> of power from wind

PROVIDENCE – Gov. Donald L. Carcieri today announced that Rhode Island has sufficient wind capacity to meet his goal of deriving 15 percent of...
THIS CLOSE-UP from the context plan shows Capital Center from the Providence train station to Memorial Avenue. /

Blue Cross wants to build new HQ downtown

PROVIDENCE – Blue Cross & Blue Shield of Rhode Island today announced plans to build a new headquarters in downtown Providence, on Parcel 2...

RGB commissions include RIPTA ops center

PROVIDENCE – Architectural, engineering and interior design firm RGB today announced it has won commissions to help design an operations center for the R.I....

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