Economic Activity
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Report: R.I., nation need infrastructure improvements
Rhode Island is a state with 87 high-hazard dams, 156 structurally deficient bridges and 6,401 public road miles - 70 percent of which are considered to be of poor or mediocre quality. more
Current-account deficit in the U.S. narrowed in 2Q
The current-account deficit in the U.S. narrowed more than forecast in the second quarter, helped by a pickup in exports and a bigger income surplus. more
Brown students to host R.I. Fiscal Summit
Students from Brown University’s Common Sense Action group will host the Rhode Island Fiscal Summit on Saturday on the school’s campus to “address the fiscal challenges facing the United States.” more
| 2/22/13
Banks contest BofA’s $8.5B Countrywide settlement
Three Federal Home Loan Banks and a fourth financial institutions filed court documents on Friday against Bank of America Corp.’s $8.5 billion agreement to settle claims related to mortgages issued by its Countrywide unit, The New York Times reported. more
| 2/4/13
R.I. jobless rate near 4-year low
Rhode Island’s unemployment rate fell to 10.2 percent for December, the lowest unemployment rate for the Ocean State since March 2009, the R.I. Department of Labor and Training said Thursday. more
| 1/17/13
UNFI profits surge 42% in 1Q
United Natural Foods Inc.’ profit surged 42 percent to $21.6 million, or 43 cents per diluted share, during the quarter ended Oct. 27, from $15.2 million, or 31 cents per diluted share, during the first quarter of 2011. more
| 11/30/12
Housing starts in U.S. unexpectedly rise to 4-year high
Housing starts in October unexpectedly climbed to a four-year high, indicating further improvement in U.S. residential construction. more
Planners eye where R.I. lags
In a year of double-digit unemployment and 38 Studios LLC’s bankruptcy, economic-development concerns inevitably move to the front of the line. more

By Patrick Anderson
PBN Staff Writer | 11/26/12

EDC fund struggles to find takers
When Rhode Island secured a $13.1 million grant from the U.S. Treasury to lend to small businesses in 2011, finding Ocean State companies to take the money didn’t register as a concern. more

By Patrick Anderson
PBN Staff Writer | 2/18/13 | 1 comment

U.S. stocks fall most since June after presidential elections
(Updated, 2 p.m.) U.S. stocks fell, driving the Standard & Poor’s 500 Index toward the biggest decline since June, as investor focus turned to the budget debate and Europe’s debt crisis following President Barack Obama’s re-election. more
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