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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
Contrary to conventional wisdom, things may be looking up for the future of Providence’s former Interstate 195 lands. more
Fewer Americans are filing applications for unemployment benefits, consumer confidence is rising and manufacturing is picking up as the world’s largest economy shows additional signs of strengthening. more
General Electric Co., which is working to refine its offer for Alstom SA’s energy assets, will present new terms on Thursday as it seeks to thwart a counter bid by Siemens AG, said two people familiar with the matter. more
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