Saturday, April 20, 2024

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Economic Activity

Shawmut completes West Middle House renovation

PROVIDENCE – Shawmut Design and Construction has completed a renovation of the West Middle House, a 15,000-square-foot historic building centrally located on the Moses...
ASA CHOSE South County Commons for its new Rhode Island home in part to accommodate clients and office culture. /

ASA moves to South County Commons

SOUTH KINGSTOWN – After 25 years in Narragansett, Applied Science Associates Inc. has relocated to a 10,000-square-foot office in South County Commons. The move,...

Settlement may boost R.I. electric rates

WARWICK – National Grid will pay $50.2 million over the next year to settle its disputes with electricity wholesaler Constellation Energy Group Inc. (NYSE:...

New jobless claims hit 7-year high

WASHINGTON – The number of U.S. workers filing first-time jobless claims rose 0.2 percent last week to a seven-year high, according to the...
U.S. SENS. Harry   Reid, D-Nev., Judd Gregg, R-N.H., and Mitch McConnell, R-Ky., outside the U.S. Senate floor at the Capitol on the day the Senate passed the biggest government intervention in the financial markets since the Great Depression.  /

Senate approves $700B financial rescue

WASHINGTON – The U.S. Senate tonight approved an updated version of the $700 billion financial markets rescue plan that the House of Representatives had...
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Sovereign shares continue climb back

PHILADELPHIA – Sovereign Bancorp Inc. (NYSE: SOV), the parent of Sovereign Bank, saw its stock rise today in New York trading despite negative recommendations...

Home-loan applications fell 23% last week

WASHINGTON – Residential mortgage applications nationwide plunged last week as capital became more scarce and consumers more wary, the Mortgage Bankers Association said today...

Senate to vote tonight on $700B rescue plan

WASHINGTON – The U.S. Senate has slated a vote tonight on a revised $700 billion financial-rescue plan, which it has linked to an extension...

Manufacturing takes a hit in September

TEMPE, Ariz. – The U.S. manufacturing sector shrank sharply in September, registering its steepest one-month decline since the nation’s last recession, the Institute for...
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Joblessness rises in 95.9% of metro areas,<br> including Providence and New...

WASHINGTON – The unemployment rate in the Providence-Fall River-Warwick metropolitan area continued to rise in August, as the work force expanded while local payrolls...
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