Economic Activity
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Sea Corp. lands $86M Navy contract
Systems Engineering Associates Corporation – Sea Corp. – has been awarded a three-year, $86 million contract to support the electromagnetic department of Newport’s Naval Undersea Warfare Center. more
| 9/10/12
Payrolls in U.S. increase less than forecast in August
Payrolls rose less than projected in August and the unemployment rate was unexpectedly driven down by Americans leaving the labor force, boosting the odds of additional Federal Reserve easing to spur a faltering recovery. more
United Natural Foods profit rises 19% in FY2012
United Natural Foods Inc.’ profit rose 19 percent to $91.3 million, or $1.86 cents per diluted share, during the fiscal year ended July 28, 2012, from $76.7 million, or $1.60 per diluted share, during the fiscal year ended July 30, 2011. more
| 9/12/12
Oil climbs to 4-month high on Mideast unrest, Fed meeting
Oil climbed to a four-month high on concern that protests in the Middle East and North Africa may curb supply and on speculation that the Federal Reserve will unveil more stimulus measures. more
R.I. Port Services named terminal operator by QDC
The Quonset Development Corp. has named Rhode Island-based company R.I. Port Services as the new terminal operating agency for container handling at the Port of Davisville, the seventh largest auto importer in North America. more
| 9/13/12
Regional consumer prices rise 1.3% in August
The Consumer Price Index in the Northeast rose 1.3 percent over the last 12 months, rising to 246.25 in August, the U.S. Bureau of Labor Statistics reported Friday. more
| 9/14/12
Ross-Simons turns 60
Ross-Simons jewelers celebrated its 60th anniversary as a global brand on Friday at its Cranston headquarters. more
| 9/14/12
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
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