Economic Activity
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U.S. stock futures advance as global markets extend rally on Fed
U.S. stock-index futures climbed, indicating the Standard & Poor’s 500 Index will rise from its highest level since 2007, as markets rallied around the world on the Federal Reserve’s bond-purchase program. more
Manufacturing in New York region shrinks more than forecast
Manufacturing in the New York region contracted more than forecast in September as orders shrank, a sign the world’s largest economy will get less support from the industry. more
Gas prices surge 10 cents to September high
Gas prices in Rhode Island and Massachusetts surged 10 cents this week to the highest-ever prices for September, according to AAA Southern New England. more
| 9/17/12
Most U.S. stocks fall amid concern over Europe
Most U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to the highest level since 2007, as FedEx Corp. slumped and concern grew that European leaders will struggle to resolve the region’s debt crisis. more
Expect to come up short if you’re selling short
With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short sales by underwater homeowners, what impacts can these sellers expect to see on their credit scores? more
9/24/12
More Americans than forecast filed jobless claims last week
More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening. more
TheStreet upgrades Projo parent company’s rating
A.H. Belo Corp., the Dallas-based parent company of the Providence Journal and three other daily newspapers, has been upgraded from “sell” to “hold” by TheStreet Ratings. more
| 9/19/12
Housing market recovery helping bolster U.S. expansion
Sales of previously owned homes and work on single-family projects climbed in August to the highest levels in two years, signaling the residential real-estate market is contributing to U.S. economic recovery. more
STAC accepting grant proposals for research on climate change, marine life
Roughly $800,000 in grants is available for Rhode Island researchers studying the effects of climate change on marine life. more
| 9/19/12
State partners with Providence on ProvPort grant
(Updated, 1:30 p.m.) In order to assist the city of Providence with improvements to its port, Gov. Lincoln D. Chafee has announced that the state has partnered with the city to take control of a $10.5 million grant to purchase two mobile, barge-based cranes. more
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