Friday, April 19, 2024

TOPICS

Economic Activity

THE PRODUCER PRICE of all finished goods fell 0.4% compared with August as energy costs retreated, but rose 8.7 percent compared with a year ago, the BLS said. Above, a production worker cleans an electric guitar being crafted at Rickenbacker International Corp. in Santa Ana, Calif. /

Producer prices fall 0.4% in September

WASHINGTON – Wholesale prices for finished goods fell in September on lower fuel costs, in their second consecutive month-over-month decline, but continued to rise...
IN AUGUST, the CCI hit its absolute low of 0 points for the second time ever. The first was this June. This year, the index has risen above its previous low of 8 points only once, in April. /

R.I. economy drops back to ‘nightmare’ low

KINGSTON – “Rhode Island’s year from hell” continued in August, as the state economy slumped back to “nightmare” low matched only by this June,...

Internet TV will replace cable at Brown

PROVIDENCE — Cable television in Brown University’s dorms will be delivered exclusively over the Internet starting next school year. Nearly three decades after it was...

Financial shares open higher on bailout details

NEW YORK – Most U.S. stocks rose for a second consecutive day as federal officials unveiled details of their plans to buy equity...
NATIONWIDE, gasoline prices tumbled to 34 cents over the past week to $3.169 per gallon, AAA found. The average local self-serve price today  was $3.149 in both Rhode Island and Massachusetts. Above, an Exxon-Mobil station in Washington, D.C. /

AAA: Local gas prices ‘plunging’

PROVIDENCE – “Lower oil prices are leading to plunging prices at the pump, with a 21-cent drop in Rhode Island in the last week,”...

Equity firm merging SolarWrights, Solar Works

BOSTON and BRISTOL – Riverside Partners LLC, a Boston-based private equity firm, today announced the acquisition and merger of Bristol-based SolarWrights Inc. with Montpelier,...

Dow gains 936 points as U.S. stocks <br>stage biggest rally since...

NEW YORK – With the U.S. government adjusting its financial system rescue plan to include the possibility of taking equity stakes in financial institutions...

Investment in R.I. deserves a ‘yes’ vote …

The current economic crisis has two basic components – a loss of trust in the banking system causing the credit markets to freeze up;...

… as do funds for preserving open space

Question 2 on the ballot, directing the state to issue bonds to permanently protect open space, recreation, agriculture and forest lands, and state parks,...
HOPING FOR A TURNAROUND: With some suppliers and customers having gone out of business recently, CEO Cheryl Merchant says sales are down at Hope Global, which employs more than 300 in Cumberland. /

Feeling squeezed by credit crunch

The global credit crunch is hitting home. Al Lubrano, president and chief operating officer of Technical Materials Inc. (TMI) in Lincoln, told most of...
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