Economy

U.S. spending rises 0.7%; savings rate negative

Economic Activity 02/01/2007

WASHINGTON – U.S. consumer spending rose 0.7 percent in December, outpacing November’s increase of 0.5 percent, the U.S. Commerce Department’s Bureau of Economic Analysis...

Media General 4Q profits rise 26.7%

Economic Activity 02/01/2007

RICHMOND, Va. – Media General Inc., owner of WJAR-NBC Channel 10 in Providence, posted a 26.7-percent rise in fourth-quarter profits. Net income for the...

TACNAV for military vehicles not only includes navigation and aiming, but also makes each vehicle a node in a secure network, KVH says. /

Army inks $11.5M navigation-systems deal with KVH

Capital Goods 02/01/2007

MIDDLETOWN – KVH Industries Inc. (Nasdaq: KVHI) today announced that the U.S. Army Tank and Automotive Command (TACOM) has signed a sole-source contract to...

STUDIO 1011 builds trade show exhibits and other branding and promotional items that draw in audiences with humor, quirky features and interactivity. Pictured, from left, are owners Finn and Janie Yonkers and staffers Iain Lawson and Nina Williamson. /

Digital branding to engage clients

Business Services 02/01/2007

PROFILE: STUDIO1011 OWNERS: Finn and Janie Yonkers TYPE OF BUSINESS: Design firm LOCATION: 150 Chestnut St., Providence EMPLOYEES: 6 YEAR ESTABLISHED: 2000 ANNUAL SALES: WND Studio1011 is a design firm of...

4Q GDP report shows U.S. economy growing at 3.5%

Economic Activity 02/01/2007

WASHINGTON – The Bureau of Economic Analysis at the U.S. Commerce Department today released its fourth-quarter report on the nation’s Gross Domestic Product, which...

Fed holds rates steady at 5.25%

Economic Activity 02/01/2007

WASHINGTON – The Federal Reserve’s governing body today decided to leave its target for the federal funds rate unchanged, at 5.25 percent. The decision...

R.I., Conn., Mass. are good states for job-seekers

Economic Activity 01/31/2007

This month saw 3.142 million U.S. job vacancies advertised online, representing 2.1 vacancies per every 100 persons in the labor force, The Conference Board...

U.S. Consumer Confidence rises, N.E.’s declines

Economic Activity 01/30/2007

This month’s Consumer Confidence Index was 110.3 points (1985=100), edging up from December’s 110.0, The Conference Board reported today. “This month’s slight increase...

R.I. schools improve statewide in ’06 testing

Education 01/30/2007

PROVIDENCE – Mathematics and reading test scores improved statewide in the 2006 assessments released today by Gov. Donald L. Carcieri. In math, 53 percent...