Economic Activity
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Confidence among small U.S. businesses cooled in September
Confidence among U.S. small businesses cooled in September as fewer companies said they planned to hire or invest in new equipment, a survey found. more
Shaw’s parent faces restructuring after acquisition deal falters
Shaw’s Supermarket faces restructuring after a private-equity deal to acquire its parent company Supervalu Inc., faltered. more
U.S. stocks advance amid better-than-forecast economic reports
U.S. stocks advanced, snapping a three-day decline for the Standard & Poor’s 500 Index, after better-than-estimated consumer confidence and housing data. more
Providence-area home prices slip further in September
Single-family home prices in Providence-Fall River-New Bedford metro area dropped 3.8 percent in September compared with the same period in 2011, according to CoreLogic’s Home Price Index. more
| 11/6/12
Climate change curbs may cost $700B a year, report shows
About $700 billion a year of new spending on renewable power, low-carbon transport and energy efficiency is needed to meet the United Nations goal to cap temperature rises, a report for the World Economic Forum showed. more
Providence metro ranks 94 in U.S.
The Providence area ranked 94 out of the 102 metropolitan areas across the U.S. ranked on The Business Journals’ October 2012 On Numbers Economic Index. more
| 10/9/12
Fitch rates Providence bonds ‘BBB,’ outlook negative
Fitch Ratings has ranked Providence’s general obligation bonds as “BBB,” outlook negative, due to what the global ratings company said was “remaining uncertainly” and the fact that the city still faces “financial pressure and limited flexibility.” more
| 2/15/13
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
Housing starts in U.S. post best 3 months in 4 years
Builders in November capped the strongest three months for residential construction in four years and permits climbed as record-low borrowing costs buoyed the U.S. housing market. more
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
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