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The U.S. Transportation Department is notifying states that federal reimbursements for highway and transit construction projects will slow down as soon as August. more
The Massachusetts Bay Transportation Authority instituted higher fares on Tuesday, raising daily and monthly costs for commuter rail passengers from Rhode Island and southern Massachusetts. more
Polypropylene films manufacturer Toray Plastics (America) Inc. announced Tuesday that Michael Brandmeier has succeeded Richard Schloesser as president and CEO of the company following Schloesser’s retirement. more
Companies in the Providence-Fall River-Warwick metro area added 800 jobs year over year in May, an increase of 4 percent compared with May 2013, landing the region at No. 134 among the 339 U.S. metro areas in terms of year-over-year net employment gain. more
Gasoline prices rose 2 cents in Rhode Island and Massachusetts this week, driven in part by the continued unrest in Iraq, according to the weekly survey by AAA Southern New England. more
One in three Massachusetts manufacturers report difficulty hiring production workers, according to a survey of 1,350 manufacturing firms conducted by the University of Massachusetts Dartmouth for the Massachusetts Advanced Manufacturing Collaborative. more
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled. more
Gas prices surged 3 cents in Rhode Island this week and 4 cents in Massachusetts as concerns about militant extremists causing unrest in Iraq affected oil and gasoline prices nationwide, AAA Southern New England reported. more
Rhode Island added 1,100 construction jobs between May 2013 and May 2014, an increase of 6.8 percent that ranked the state 12th in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported. more
General Electric Co. clinched its biggest acquisition ever, the $17 billion purchase of Alstom SA’s energy assets, after the resolution of the French government’s last condition for the deal. more
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