Economic Activity
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Business formations fall 4% in 1Q
After two consecutive years of year-over-year first-quarter increases in business formations, the number of new businesses created during the first three months of 2013 fell nearly 4 percent compared with the first quarter of 2012, Secretary of State A. Ralph Mollis announced Monday. more
| 4/22/13
U.S. stocks decline as home sales drop amid corporate earnings
U.S. stocks fell, after the biggest weekly drop in five months for the Standard & Poor’s 500 Index, as sales of previously owned U.S. homes unexpectedly declined in March and investors weighed corporate earnings. more
Hasbro loss widens in 1Q on savings initiative costs
Toy and game maker Hasbro Inc. saw its net loss widen 159 percent from $2.6 million, or 2 cents per diluted share, in the first quarter of 2012 to $6.7 million, or 40 cents per diluted share, in the first quarter of 2013, the company announced Monday. more
| 4/22/13
Sales of U.S. existing homes probably climbed for 3rd month
Sales of previously owned U.S. homes probably rose in March for a third month to reach the highest level since late 2009, further evidence of an improving real-estate market, economists said before a report today. more
Hasbro’s Hub Network posts 16th consecutive month of gains
Hub Network, a multi-platform joint venture between Hasbro Inc. and Discovery Communications, has posted its 16th consecutive month of gains, Hasbro announced Wednesday. more
| 5/1/13
Growth in U.S. trails forecasts as defense spending falls
The economy in the U.S. grew less than forecast in the first quarter as a drop in defense spending outweighed the biggest increase in consumer spending in two years. more
Foreclosure, delinquency rates drop in Providence Metro in February
The Providence-Fall River-New Bedford area foreclosure rate fell 0.14 percentage points for February compared to the same period in 2012, CoreLogic said Friday. more
| 4/26/13
EDC funds 7 through Renewable Energy Fund
In the first round of 2013 grant funding through the Renewable Energy Fund, the R.I. Economic Development Corporation board of directors has approved a combined $184,334 to seven companies to support solar photovoltaic systems that will produce electricity in a “cleaner, more sustainable manner,” the quasi-state agency announced Tuesday. more
| 4/24/13
Home sales drop, prices rise in R.I. in March
The median price of Rhode Island single-family home sales rose 9 percent in March compared with the same period a year ago, the Rhode Island Association of Realtors said Friday. more
Chafee, DOT announce transfer of I-195 land
Gov. Lincoln D. Chafee and the R.I. Department of Transportation have announced the completion of the land transfer process between the state and the Interstate 195 Redevelopment District Commission. more
| 4/24/13
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