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The Standard & Poor’s 500 Index climbed above the highest closing level since 2008 as the European Central Bank announced specifics of its bond-buying plan and data boosted optimism in the American labor market.
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By Lu Wang |
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An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com held steady at 120.3 in July.
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By PBN Staff
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More than four years after the foreclosure crisis familiarized Americans with short sales – selling properties for less than the outstanding balances on their mortgages – the barriers to completing them are slowly coming down.
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By Patrick Anderson |
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The number of underwater homes in Rhode Island dropped 2.8 percent in the second quarter. There were 51,727 properties in the Ocean State worth less than the outstanding mortgages on them in the April-June period of 2012, according to the Santa Ana, Calif.-based real estate data firm, down from 53,208 in the first three months of the year.
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By PBN Staff
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Exports from the Providence-Fall River-New Bedford metropolitan area grew 23.3 percent to $7.1 billion from 2010 to 2011, according to data from the U.S. Department of Commerce’s International Trade Administration.
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By PBN Staff
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The Ocean State could be one the first states with offshore wind farms, according to a report released by Environment Rhode Island, the Conservation Law Foundation and the Environment Council of Rhode Island.
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By PBN Staff
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Lenders initiated 31 percent fewer foreclosures on Providence metropolitan-area homes during August than they did during the same period last year, RealtyTrac said Thursday.
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By Patrick Anderson |
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The U.S. trade deficit widened in July for the first time in four months as the global economic slowdown reduced demand for American-made goods.
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By Michelle Jamrisko |
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Aquatic filtration system-maker Neptune-Benson LLC has acquired Beaver Dam, Wisc.-based Engineered Treatment Systems LLC, Neptune-Benson announced Monday.
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By PBN Staff
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Prices of goods imported into the U.S. rose in August for the first time in five months as the cost of petroleum surged.
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By Michelle Jamrisko |