Economic Activity

MICHAEL DAWSON, director of post production at Tango Pix, demonstrates the 'Action Blast' movie the company produced for Hasbro Inc. /

Local firms try to cash in on state’s film tax credit

Amid mixed reviews of the state's motion picture production tax credit, a few Rhode Island-based companies are reaping the benefits and using them to...

Business success today is a collective endeavor

The buzzword in economic development circles is collaboration. It is a recognition that the challenges facing new product or service development – especially for...
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Leasing states’ assets becoming common cash maker

The state of Illinois wants to get out of the lottery business. What a wonderful idea! Illinois should stop gambling. So should the other 41...

New Bedford nets record for value of fish landed in 2005

WASHINGTON – Commercial fishermen unloaded 9.6 billion pounds of fish and shellfish, valued at $2.9 billion, at U.S. ports in 2005, the National Oceanic...

U.S. spending rises 0.7%; savings rate negative

WASHINGTON – U.S. consumer spending rose 0.7 percent in December, outpacing November’s increase of 0.5 percent, the U.S. Commerce Department’s Bureau of Economic Analysis...

Media General 4Q profits rise 26.7%

RICHMOND, Va. – Media General Inc., owner of WJAR-NBC Channel 10 in Providence, posted a 26.7-percent rise in fourth-quarter profits. Net income for the...

4Q GDP report shows U.S. economy growing at 3.5%

WASHINGTON – The Bureau of Economic Analysis at the U.S. Commerce Department today released its fourth-quarter report on the nation’s Gross Domestic Product, which...

Fed holds rates steady at 5.25%

WASHINGTON – The Federal Reserve’s governing body today decided to leave its target for the federal funds rate unchanged, at 5.25 percent. The decision...

R.I., Conn., Mass. are good states for job-seekers

This month saw 3.142 million U.S. job vacancies advertised online, representing 2.1 vacancies per every 100 persons in the labor force, The Conference Board...
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