Economic Activity
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Parsons withdraws from consideration as EDC director
Citing a recent health issue, William J. Parsons has asked to be withdrawn from consideration to permanently lead the R.I. Economic Development Corporation, the quasi-state agency announced Thursday. more
| 2/14/13
County employment rises, wages drop in 2Q
While employment edged up in Providence County by 0.6 percentage points during the second quarter of 2012, average weekly wages declined by 1 percent as compared to second quarter 2011. more
Northeast wholesale power gains as colder weather sweeps region
Wholesale electricity prices from New York to Maine climbed as frigid weather lifted demand while a snow storm is forecast for the region over the next two days. more
Report: R.I. economic growth ‘dawdles’ in 4Q
Rhode Island’s economy grew by 0.3 percent in the fourth quarter of 2012 after growing 1.9 percent during the third quarter, according to the Current Economic Indicator report, released Thursday by the R.I. Public Expenditure Council and Bryant University. more
| 2/7/13
Hasbro names two new officers, announces new Monopoly piece
Toy and game-maker Hasbro Inc. announced Wednesday the appointment of two veteran employees to high-level chief officer positions. more
CVS profits rise in 4Q, 2012
CVS Caremark Corp., the largest provider of prescription drugs in the United States, posted fourth-quarter and full-year gains in profits, with its bottom line increasing 6.2 percent in the fourth quarter and 12.1 percent over the year. more
| 2/6/13
Report: Providence metro ranks 43rd in U.S. for patent innovation
The average number of patents issued yearly in the Providence metropolitan area is 535, earning the metro area the No. 43 spot on the Brookings Institute’s report analyzing patenting and innovation trends in the nation’s 358 largest metropolitan areas. more
| 2/8/13
Hasbro profit drops in 4Q, 2012
Profit for Hasbro Inc. fell 6.4 percent to $130.3 million, or 99 cents per diluted share, in the fourth quarter of 2012 and 12.8 percent to $336 million, or $2.55 per diluted share, for 2012 as a whole, the company announced after markets closed Thursday. more
| 2/8/13
Trade deficit in U.S. plunges on record petroleum exports
The trade deficit in the U.S. narrowed more than forecast in December, led by record exports of petroleum that gave the world’s largest economy a boost at the end of 2012. more
Retail sales in U.S. increase for 3rd consecutive month
Retail sales in the U.S. rose in January for a third consecutive month, showing household spending is holding up even as an increase in the payroll tax takes a bigger bite from paychecks. more
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