Tuesday, April 23, 2024

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Economic Activity

Quonset anticipating 25% increase in shipments from Baltimore port closure

NORTH KINGSTOWN – Following the deadly collapse of the Francis Scott Key Bridge in Baltimore, Quonset Development Corp. is preparing for an increase of...

U.S. employers added a surprisingly robust 303K jobs in March in...

WASHINGTON (AP) – America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that...

Judge denies dismissal of $3.5M lawsuit against Brayton Point LLC

FALL RIVER – Brayton Point LLC’s request to dismiss a $3.5 million criminal case brought by the town of Somerset has been denied. In a...
EIGHT LAW FIRMS earned a combined $3.5 million for their work on securing $54 million in tax-exempt bonds to help finance Rhode Island FC’s future 10,000-plus-seat home stadium, Tidewater Landing, WPRI-TV CBS 12 reports. / COURTESY FORTUITOUS PARTNERS

Lawyers paid $3.5M for Tidewater Landing bond work

PROVIDENCE – The lawyers who worked on the Pawtucket soccer stadium deal scored a nice payday. Eight law firms earned a combined $3.5 million for...

U.S. applications for jobless benefits rise to highest level in two...

The number of Americans applying for jobless benefits rose to their highest level in two months last week, but layoffs remain at historically low...

Report: Customer trust in retail banks dwindling

PROVIDENCE – Throughout the U.S., retail bank customers report declining trust in their banks, according to a recent report by J.D. Power. However, trust is...
STUDENTS FROM PROVIDENCE Career & Technical Academy finish up constructing a playhouse that will be displayed at the 74th annual Rhode Island Home Show this weekend at the R.I. Convention Center. / PBN PHOTO/JAMES BESSETTE

CTE students build displays, their futures through R.I. Home Show

PROVIDENCE – Earlier this week, students from several area schools spent their days inside the R.I. Convention Center’s main exhibit hall constructing and putting...

Unemployment rate in Providence metro jumps to 5.2% in February

PROVIDENCE – The unadjusted unemployment rate in the Providence-Warwick metropolitan area was 5.2% in February, up from 4% in January and from 3.8% in...

WalletHub: R.I.’s tax burden 10th highest in nation

PROVIDENCE – Rhode Island residents have the 10th-highest tax burden in the nation, according to WalletHub.  The personal finance website based in Washington, D.C., compared...
SEEKONK TOWN PLANNER John Aubin tells WPRI-TV CBS 12 that Whole Foods Market Inc. is halfway through the permitting process to build a location on Fall River Avenue, at the site of the Clarion Inn and Dublin Rose Restaurant.

Whole Foods Market planning store in Seekonk, near R.I. border

PROVIDENCE – Whole Foods Market Inc. is coming to Seekonk.  Seekonk Town Planner John Aubin told WPRI-TV CBS 12 Tuesday that the company is halfway...
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