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Sunday, May 27, 2018

Economic Activity

RHODE ISLAND has the highest April unemployment in New England, tied with Connecticut at 4.5 percent. / BLOOMBERG FILE PHOTO/LUKE SHARRETT

BLS: R.I. tied with Conn. for highest April unemployment in N.E.

PROVIDENCE – Rhode Island tied with Connecticut for the highest unemployment rate in New England at 4.5 percent, according to the U.S. Bureau of...

PBN’s Top 5: Women-Run Businesses

PBN’s list of the top five women-run businesses ranked by number of regional employees. For more information, or to purchase one of our top lists, visit HERE or reach...
HASBRO ANNOUNCED $500 million in share repurchases, in addition to the buyback program of the same scale approved in 2015. / COURTESY HASBRO INC.

Hasbro announces additional $500M share buyback

PAWTUCKET – Hasbro Inc. authorized a repurchase of an additional $500 million of its common stock, expanding its original buyback plan, the company announced...
THE R.I. DEPARTMENT OF LABOR and Training reported that the state's unemployment rate remained at 4.5 percent while 900 jobs were added month to month and 5,600 jobs year over year. / COURTESY RIDLT

Unemployment holds steady at 4.5 percent as job additions shine in...

PROVIDENCE – While the seasonally adjusted unemployment rate remained unchanged at 4.5 percent in April, 900 jobs were added in the state since March,...
U.S. JOBLESS CLAIMS increased by 11,000 to 222,000 last week. / BLOOMBERG/ LUKE SHARRETT

U.S. jobless claims increase while remaining near 48-year low

NEW YORK - United States filings for unemployment benefits rose by the most in six weeks while still hovering near historically low levels that indicate...
BRISTOL AND KENT counties were identified as “at risk” for a decline in tax revenues due to changes made in the Tax Cuts and Jobs Act of 2017. / COURTESY STANDRAD AND POOR'S

2017 federal tax law likely to squeeze revenue for parts of...

PROVIDENCE - The federal Tax Cuts and Jobs Act of 2017 is likely to create benefits for some municipalities and burdens for others, mainly...
HASBRO'S JOY FOR ALL brand has been acquired by Ageless Innovation, a new company focused on products for older adults. Above, a Joy For All toy cat. / COURTESY HASBRO INC.

New company Ageless Innovation acquires Hasbro’s Joy for All brand

PAWTUCKET - Hasbro Inc.’s Joy for All brand, which included the Joy for All Companion Pets - interactive toy cats and toy dogs -...
THE U.S. EAST region ranked No. 10 on the 2018 Resilience Index compiled by FM Global. Above, a screenshot of the index's interactive online tool. / COURTESY FM GLOBAL

U.S. East ranks in top 10 of FM Global 2018 Resilience...

JOHNSTON – The United States East region, which includes eastern U.S. coastal states from Texas to Maine, scored an 88.6 out of 100, ranking...
UNITED STATES factory production capacity utilization in April was the highest its been since 2015. / BLOOMBERG

U.S. factory production shows broad-based gain outside autos

NEW YORK - United States factory production regained its footing in April to push capacity utilization to the highest since 2015, indicating the industry...
AN ADVISORY COMMITTEE to the Providence City Council recommended it reject several zoning changes that would allow a 46-story residential high-rise, the Hope Point Tower, on a prominent site overlooking the Providence River downtown. / COURTESY FANE ORGANIZATION

Providence commission recommends denial of zoning for 46-story Hope Point Tower

PROVIDENCE — After hours of public comment, an advisory committee to the Providence City Council on Tuesday recommended it reject several zoning changes that...
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