Economic Activity
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R.I. pump prices drop 3 cents
Gas prices in Rhode Island dropped 3 cents this week after surging 10 cents to the highest-ever price in September last week, according to AAA Southern New England. more
| 9/24/12
Slater invests another $250K in VCharge
The Slater Technology Fund has committed $250,000 in new funding to VCharge, an energy management services company, Slater announced Monday. more
| 9/24/12
Appetite growing for jumbo loans
Bargain hunters may still rule the market, but high-end real estate is gaining momentum, and many lenders are looking to take advantage. more

By Patrick Anderson
PBN Staff Writer | 10/1/12

Mass. unemployment rate inches up in August
BOSTON – The Mass. Executive Office of Labor and Workforce Development last month reported that the Bureau of Labor Statistics’ preliminary August 2012 estimates show that Massachusetts lost 4,800 jobs over the month, for a total of 3.24 million jobs. The loss follows a revised gain of 300 jobs in July. more
10/1/12
Staples plans to close stores in U.S., Europe
FRAMINGHAM, Mass. – Staples Inc., the largest U.S. office-supplies chain, plans to shut 45 locations in Europe and accelerate the closing of 15 stores in the U.S. as part of a plan to save about $250 million a year, Bloomberg News reported. more
10/1/12
QDC to build flexible office space in business park
Quonset Development Corporation has partnered with a developer to build the first of what could be more than a dozen buildings with flexible office space for startups and small businesses in Quonset Business Park. more
U.S. 10-year swap spreads may widen after inverting, BofA says
The difference between U.S. 10-year interest-rate swaps and Treasuries of comparable maturity may widen as changes in fiscal, monetary and regulatory policy limit the debt’s supply, Bank of America Corp. said. more
Waldorf Capital pays $3.4M for Fall River apartments
Tag Fall River Real Estate III LLC, a division of Providence-based Waldorf Capital Management LLC, paid $3.42 million for the Clearview Apartments in Fall River, reported the Boston Business Journal. more
| 10/2/12
Consumer confidence in U.S. advances for a sixth week
Consumer confidence in the U.S. climbed for a sixth straight week, the longest such stretch since early 2006, as Americans grew more secure about their finances. more
Study: R.I. 19th for entrepreneurs, Mass. No. 1
Rhode Island ranks 19th among states for entrepreneurship, according to an index released Oct. 2 by the University of Nebraska-Lincoln. more
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