Sunday, July 25, 2021


Economic Activity

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...

U.S. Consumer Confidence rises, N.E.’s declines

This month’s Consumer Confidence Index was 110.3 points (1985=100), edging up from December’s 110.0, The Conference Board reported today. “This month’s slight increase...

Providence Equity reportedly raises $12B in 3 months

PROVIDENCE – Providence Equity Partners Inc. has raised $12 billion in less than three months for a new fund to buy media and communication...

Clear Channel urges shareholders to approve merger

SAN ANTONIO – Clear Channel Communications Inc. (NYSE:CCU), a global media and entertainment company whose properties include local radio stations WHJY-FM, WHJJ-FM, WSNE-FM and...

<i>Time to consider a state water authority</i>

It's somewhat ironic that the Ocean State is facing a lack of water, but that is the situation being studied by the General Assembly...

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