Economy

HOUSING CONSTRUCTION dropped 17 percent, slowing from the fourth quarter's 19.8-percent plunge, but continued to weigh down the economy. Above, Manuel Lasaro frames the roof of a three-unit apartment building near Buccaneer Beach in Oceanside, Calif. /

U.S. economy slows to 1.3% growth rate

Economic Activity 04/27/2007

WASHINGTON – The nation’s real gross domestic product rose at an annual rate of 1.3 percent in the first quarter, little more than half...

AT ITS PEAK in the 1950s, the mill housed 18,000 spindles and at least 166 looms. /

Olneyville mill named to National Register

Capital Goods 04/26/2007

PROVIDENCE – A mill complex in Olneyville has been named to the National Register of Historic Places, R.I. Historical Preservation & Heritage Commission Chairman...

Help-Wanted Index dips 1 point in March

Economic Activity 04/26/2007

The Help-Wanted Advertising Index of job offerings in major newspapers nationwide declined in March for the third consecutive month to 30 points from February’s...

Clear Channel 1Q profit rises 6% to $102.2M

Business Services 04/26/2007

SAN ANTONIO – For the quarter ended March 31, Clear Channel Communications Inc. (NYSE: CCU) today reported a 6-percent profit increase to $102.2 million...

AN ELECTRONIC BOARD hanging above the floor of the New York Stock Exchange shows the Dow Jones Industrial Average at 13,000.01 shortly after the market opened this morning. The index continued to rise, closing at 13,089.896 points. /

Market rally boosts Dow beyond 13,000

Economic Activity 04/25/2007

NEW YORK – The U.S. financial markets’ biggest rally in more than three years continued today, pushing the Dow Jones Industrial Average above...

Justice Flanders to lead URI innovation panel

Economic Activity 04/25/2007

STATE HOUSE – Gov. Donald L. Carcieri this afternoon named lawyer Robert G. Flanders Jr., a former R.I. Supreme Court associate justice, to chair...

R.I. falls to No. 35 for ‘lawsuit climate’

Business Services 04/25/2007

SACRAMENTO – Rhode Island has dropped nine spots to No. 35, according to a report released at 1 p.m. today by the U.S. Chamber...

UNITEDHEALTHCARE of New England CEO Stephen J. Farrell agreed not to appeal the charges, as part of a settlement that reduced the fine from the original $75,000, said company spokeswoman Debora M. Spano. 'This is still a new law, and we're still trying to work our way through it,' she added. /

UnitedHealth faces $67,500 in R.I. fines

Business Services 04/25/2007

PROVIDENCE – A “market conduct” examination of UnitedHealthcare of New England has found the company failed to comply with Rhode Island’s small-group health insurance...

‘Liar loans’ worsen housing slump, officials say

Business Services 04/25/2007

WASHINGTON – Mortgage-application fraud by borrowers and brokers is fueling a wave of foreclosures that will prolong the U.S. housing slump, according to Robert...