Fed slashes 2 key rates, each by 0.5%
WASHINGTON – Federal Reserve policymakers today acted to pare the benchmark federal funds rate by half a percentage point, to 4.75 percent. It...
ICSC: Retail prices decline 1.1% last week
NEW YORK – Sales at U.S. stores open at least a year fell 1.1 percent last week, according to the International Council of Shopping...
3 R.I. artists win MacColl Johnson Fellowships
PROVIDENCE – Three Ocean State visual artists have been named recipients of the prestigious MacColl Johnson Fellowships, The Rhode Island Foundation announced today.
Selected...
U.S. foreclosures soar 36% in August
IRVINE, Calif. – The number of U.S. homeowners facing foreclosure rose 36 percent in August from their July level, as rising interest rates continued...
Producer prices fall 1.4% in August
WASHINGTON – The Producer Price Index for Finished Goods, a measure of wholesale prices, fell a seasonally adjusted 1.4 percent last month, led by...
Report: Historic tax credit paying off for R.I.
PAWTUCKET – Since taking effect in 2002, the R.I. State Historic Preservation Investment Tax Credit has brought about $2.5 billion in growth and jobs...
AAA: R.I. gas prices fall 2¢ to $2.659
PROVIDENCE – Gasoline prices in Rhode Island have resumed their decline after a one-week pause, falling 2 cents per gallon over the past week,...
LIN TV to sell low-700MHz licenses for $32.5M
PROVIDENCE – LIN TV Corp. (NYSE: TVL), parent of local television stations WNAC and WPRI, today announced an agreement to sell 32 lower-700 megahertz...
32 R.I. communities win nearly $5.2M in block grants
PROVIDENCE – Projects in 32 communities across Rhode Island have been awarded more than $5.17 million by the State Community Development Block Grant Program....
Bead firm shifts model to succeed
The jewelry manufacturing business has been shrinking for decades in Rhode Island, but Greene Plastics Corp., which makes more beads than any other company...
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