Capital Goods
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The city has started the second year of work in its $40 million road re-surfacing project. Funded with a voter-approved bond in 2012, the road project completed 32 miles of repaving last year and began this year’s work Wednesday on Moses Brown Street in the Wayland Square neighborhood. more
Gains in manufacturing are helping power the U.S. out of the winter doldrums, while homebuilding shows signs of lagging behind. more
The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. more
Gasoline prices rose a penny in Rhode Island and Massachusetts this week, but prices in both states were lower than the national average for the first time in 10 months, according to the weekly survey by AAA Southern New England. more
Retail sales increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies, helping the economy recover from a weather-depressed start to the year. more
The price for a gallon of gasoline averaged $3.53 in Rhode Island for the first three months of 2014, according to an analysis by GasBuddy.com. more
The U.S. Navy’s Space and Naval Warfare Systems Command has awarded a $23.5 million contract to General Dynamics Information Technology to develop software designed to model the effects of releasing chemical, biological, radiological and nuclear materials. more
Construction employment in the Providence-Fall River-Warwick metro area increased 2 percent between February 2013 and February 2014, according to The Associated General Contractors of America monthly jobs report released Wednesday. more
After dropping last week for the first time since early February, gasoline prices held steady this week in Rhode Island and rose in Massachusetts, according to the weekly survey by AAA Southern New England. more
The U.S. military has sent Congress a $36 billion wish list for equipment and operations that aren’t in the Pentagon’s official budget for the coming fiscal year. more
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