Economic Activity
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CVS launches new product line, releases CSR report
CVS Caremark Corp.’s CVS/pharmacy division announced the official launch of “Total Home,” a home care product line that includes more than 150 different items. more
| 5/9/13
Foreclosures fall in Prov. metro in April, but more to come in R.I.
April foreclosure starts in the Providence-Fall River-New Bedford metropolitan area dropped 7.8 percent, and completed foreclosures fell 32.5 percent compared with the same period last year, according to RealtyTrac’s latest report. more
| 5/9/13
Lin TV profits fall as operating expenses climb
Lin TV Corp. saw its bottom line drop even as revenue rose 36.6 percent during the first quarter of 2013, the company reported Thursday. The decrease came about thanks to an increase in operating expenses as well as a more than doubling of depreciation and amortization expense recognized in the period. more
| 5/9/13
U.S. stock futures little changed after Dow average tops 15,000
U.S. stock futures were little changed, after the Dow Jones Industrial Average climbed above 15,000 for the first time yesterday, as investors awaited earnings from News Corp. and Monster Beverage Corp. more
Grow Smart R.I. to honor community leaders, projects
Grow Smart Rhode Island – a nonprofit that advocates for sustainable economic growth in the Ocean State – will honor individuals, plans and projects that play to Rhode Island’s strengths, generate sustainable economic benefits and improve the state’s communities and neighborhoods at its second annual awards gala in June. more
| 5/7/13
Home price index continues to rise in Prov. metro in March
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 1 percent from March 2012 to March 2013, according to CoreLogic’s Home Price Index. more
| 5/7/13
R.I. press fetes excellence, inducts hall of fame members
The Providence Journal and Rhode Island Monthly garnered the most winners in the Rhode Island Press Association’s annual editorial contest, which were presented Friday evening as part of the association’s annual banquet and Rhode Island Journalism Hall of Fame induction ceremony, held at the Quonset “O” Club. more
| 5/6/13
Architecture firm files plans for Hospital St. apartments
City planners have received preliminary plans to build a six-story apartment building on Hospital Street in the Jewelry District. more
Housing crash fades as defaults decline to 2007 level
Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened. more
Dow reaches 15,000 as jobs growth exceeds economist forecasts
U.S. stocks rose, sending the Dow Jones Industrial Average above 15,000 for the first time, as employment picked up more than forecast in April and the jobless rate unexpectedly declined to a four-year low. more
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