Economic Activity
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Providence metro ranks 94 in U.S. in On Numbers index
The Providence area ranked 94 out of the 102 metropolitan areas across the United States ranked on the American City Business Journals’ November 2012 On Numbers Economic Index. more
| 11/13/12
Oil drops on signs of rising U.S. supply, reduced demand outlook
Oil declined for a second day in New York amid speculation that U.S. crude inventories rose last week and after the International Energy Agency cut its forecast for global demand growth this quarter. more
Rafaelian buys Belcourt Castle for $3.6M
Founder and designer of Cranston-based jewelry maker Alex and Ani LLC Carolyn Rafaelian has purchased Belcourt Castle in Newport for $3.6 million. more
| 11/12/12
Warren Group admits error in Sept. Mass. foreclosure data
The Warren Group has revised its September Massachusetts foreclosure start figures, acknowledging that the totals it initially released were incomplete. more
| 11/12/12
EDC to meet with businesses affected by Sandy
In light of Gov. Lincoln D. Chafee’s establishment of a $1 million emergency loan fund to assist Rhode Island businesses affected by Hurricane Sandy, the R.I. Economic Development Corporation will meet with businesses to determine if they qualify for loans from $10,000 to $25,000. more
| 11/12/12
Retail sales probably dropped in October
Sales at U.S. retailers probably fell in October for the first time in four months as consumers in the Northeast stayed away from auto dealers and shopping centers before and after superstorm Sandy, economists said before a report this week. more
Carnegie Abbey gets luxury neighbor
At a time when small and simple are fashionable, the owner of the Carnegie Abbey Club in Portsmouth has doubled down on large and opulent. more

By Patrick Anderson
PBN Staff Writer | 12/3/12

Rhode Island Mall sold for $38M
Rhode Island Mall, which has been vacant since April 2011, has new owners: Winstanley Enterprises LLC of Concord, Mass. and New York-based Surrey Equities LLC. more
| 11/15/12
Thanksgiving travel projections rise for 4th consecutive year
AAA Southern New England has projected a 0.7 percent rise in Thanksgiving holiday travel, the fourth consecutive year of increases since holiday travel fell 25 percent in 2008. more
| 11/14/12
R.I. jobless rate falls to 10.4% in Oct., worker total jumps
Rhode Island’s unemployment rate fell to 10.4 percent for October, a drop of one-tenth of a percentage point from September, as the state gained the largest number of employed in one month since 1976. more
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