Economic Activity
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CVS releases annual report
In its annual Insights report, released Thursday, CVS Caremark Corp. said its increased availability of generics and its high generic dispensing rate helped reduce spending on traditional medications by 3.6 percent for the company’s commercial clients. more
| 4/11/13
Chafee nominates 3 more to EDC board
Gov. Lincoln D. Chafee announced on Thursday three more nominees for the R.I. Economic Development Corporation’s board of directors: Lifespan’s Judith Diaz, Elizabeth Francis of the R.I. Council for the Humanities and Atrion Networking Corp.’s president and CEO Tim Hebert. more
| 4/11/13
R.I. theater community forms ‘performance exchange’
Rhode Island’s performance community has announced the formation of The Rhode Island Performance Exchange, a community-based organization that will work to generate greater awareness about the state’s performance community. more
Jobless claims in U.S. plunged more than forecast last week
Applications for unemployment benefits in the U.S. plunged more than forecast last week unwinding a surge caused by the Easter holiday and spring break at schools. more
Jobless rate drops in the Providence metro area in Feb.
Unemployment rates fell year over year in February in 187 of the United States’ 372 metropolitan areas, including the Providence-Fall River-Warwick metro, according to the latest non-seasonally adjusted data from the U.S. Bureau of Labor Statistics, reported Wednesday. more
| 4/10/13
Lin Media continues to expand digital portfolio with Dedicated Media acquisition
Local multimedia company Lin TV Corp., which does business as Lin Media, has acquired a majority ownership position in multi-channel ad buying and optimization company Dedicated Media, its second such acquisition in recent weeks. more
| 4/10/13
U.S. stock futures climb as investors await budget, Fed minutes
U.S. stock futures rose, signaling the Standard & Poor’s 500 Index will gain for a third day, before President Barack Obama submits his budget to Congress and the Federal Reserve releases minutes of its March meeting. more
U.S. isn’t broke, dollar won’t fail, Capital Economics says
The U.S. isn’t broke, and the dollar isn’t in danger of collapse even after unprecedented stimulus measures enacted following the worst financial crisis since the Great Depression, according to Capital Economics Ltd. more
Work begins on I-195 land
The next step in the redevelopment of the former Interstate 195 footprint in the capital city took place Monday, marked by an official groundbreaking at the western end of the property attended by Gov. Lincoln D. Chafee as well as the city’s congressional delegation. more
| 4/8/13 | 1 comment
Chafee picks Valois for second go-round to lead EDC
Gov. Lincoln D. Chafee Monday nominated Marcel A. Valois, former executive director of the R.I. Economic Development Corporation, to take over leadership of the quasi-state agency again. Valois previously led the EDC under then Gov. Lincoln Almond in the 1990s. more
| 4/8/13
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