Government

Import prices rise in July on petroleum increase

WASHINGTON – The Department of Labor's Bureau of Labor Statistics reported today that higher petroleum prices drove up the U.S. Import Price Index 1.5...
CONTINUING WORRIES that the collapse of the subprime mortgage market will seriously damage the rest of the economy have forced the Fed to inject cash into the system. /

Fed adds $19B by buying mortgage-backed debt

WASHINGTON - The Federal Reserve has joined the European Central Bank in injected cash into the monetary system, as worries about the U.S. subprime...

HUD grants East Providence more than $800K

PROVIDENCE – The U.S. Department of Housing and Urban Development today informed U.S. Sen. Jack Reed that East Providence will receive $814,171 in federal...

Economists expect consumers to slow spending

WASHINGTON – The U.S. economy will grow less than previously forecast due to lower rates of consumer spending, which is being driven by rising...

FarSounder scores yacht security system contract

WARWICK - FarSounder Inc., a sonar technology company, is teaming with Los Angeles-based Strategically Armored and Fortified Environments to provide advanced underwater sonar technology...
PROVIDENCE MAYOR DAVID N. CICILLINE announced that Providence is going to host the 2009 meeting of the U.S. Conference of Mayors. /

Providence discusses details of <br>2009 mayoral conference

PROVIDENCE – Planning is moving ahead for the 2009 Unites States Conference of Mayors meeting, scheduled to be held June 12-16. "I am extremely...
THE NEW QUONSET POINT GATEWAY has added significantly to the office space, increasing the plan's density. /

Quonset Gateway plan revised

NORTH KINGSTOWN - Following significant input from state and local officials, many of whom had objected to the initial Quonset Point Gateway plan put...
MASSACHUSETTS GOV. DEVAL PATRICK has unveiled a $12 billion capital spending plan for the state. /

Patrick unveils 5-year $12B capital plan

BOSTON – Governor Deval Patrick Monday unveiled a five-year capital investment proposal that aims to spend $12 billion on higher education facilities, road and...

Former RISD manager pleads guilty to fraud

PROVIDENCE – Patrick Clyne, the former Rhode Island School of Design fire safety manager, pleaded guilty today to mail and tax fraud. Clyne, who...
U.S. WORKER PRODUCTIVITY gained less than forecast in the second quarter - here a worker assembles a panel at the Yonkers, N.Y., Kawasaki Rail Car Inc. facility - leading to speculation that the Federal Reserve Board will not lower interest rates later today. /

Productivity improves less than forecast

WASHINGTON - Productivity among U.S. workers increased at an annual rate of 1.8 percent in the second quarter, less than the 2-percent rate that...

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