Economic Activity
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A.H. Belo Corp., parent company of The Providence Journal, reported full-year net income of $16.1 million, or 71 cents per diluted share, in 2013, compared with 2012 earnings of $526,000, as it saw revenue fall 2.3 percent for the year to $366.2 million. more
U.S. stocks fell, after equities snapped a four-day rally yesterday, as data showed retail sales declined in January by the most in 10 months while more Americans than forecast filed for unemployment benefits. more
Bill Ackman sold all of his shares in General Growth Properties Inc., the second-largest U.S. shopping-mall owner, marking the end of one of the hedge-fund manager’s most profitable investments. more
Mayor Angel Taveras said he is restarting a suspended city program that invested in startup businesses in the annual State of the City address Tuesday. more
Hospitals in Rhode Island generated an estimated $6.7 billion in statewide economic activity in 2012, supported about 43,100 jobs and provided $1.9 billion in wages, according to a report released Tuesday by the Hospital Association of Rhode Island. more
Prices for single-family homes rose in 73 percent of U.S. cities in the fourth quarter, fewer than in the previous three months, as surging values in the past two years started to reduce affordability. more
There were 685,000 job openings in the Northeast as of the last business day in December, representing 2.6 percent of total employment in the region, the U.S. Bureau of Labor Statistics reported Tuesday. more
CVS Caremark Corp., the largest provider of prescription drugs in the U.S., posted fourth- quarter profit that topped analysts’ estimates as pharmacy sales rose on new medicines and new customers. more
Providence Business News took two first-place awards Saturday in the New England Newspaper and Press Association’s Better Newspaper Competition as well as second place for general excellence. more
Gasoline prices rose 2 cents in both Rhode Island and Massachusetts this week, ending four consecutive weeks of declines, according to the weekly survey by AAA Southern New England. more
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