Economic Activity
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Gas up 6 cents across R.I., Mass.
Rhode Island and Massachusetts drivers saw gasoline prices jump 6 cents this week after a nine-week decline, AAA Southern New England reported Monday. more
Rally matches 1990s Web-fed gains with valuations 28% lower
Returns from the U.S. equity bull market that started four years ago are matching those from the last half of the 1990s even as valuations are 28 percent lower. The Standard & Poor’s 500 Index has gained 26.2 percent annually, including dividends, since March 2009, the same as during the last 50 months of the technology bubble. more
Bristol Co., Mass., foreclosure starts drop significantly in March
Bristol County, Mass., foreclosure starts plunged 78 percent in March compared with the same period last year, The Warren Group said Monday. more
| 5/13/13
U.S. stocks decline after record highs amid retail sales data
U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April. more
Lardaro: 1Q ends on ‘positive’ note
The first quarter of 2013 ended on a “positive” note following a weakening start to the year, according to University of Rhode Island economist Leonard Lardaro’s Current Conditions Index, released Monday. more
Productivity cooling as gains from tech boom fade
Four years into an expansion, the productivity of American workers has slowed and some economists say there are few signs it will soon rebound. more
Bloomberg News | 5/13/13
Condo plans for former Mansfield chocolate factory halted
Plans to turn a former chocolate factory in Mansfield into condominiums have been halted after local voters Tuesday rejected an article that would have rezoned the building for residential use, reported Attleboro’s Sun Chronicle. more
| 5/10/13
PBN recognizes R.I.’s Best Places To Work in 2013 awards program
Providence Business News has announced the awardees of the Best Places To Work competition, which recognizes companies – large and small – based on surveys of employees and management reports. more
| 5/10/13
U.S. stocks little changed as investors weigh pace of stimulus
U.S. stocks were little changed, with the Standard & Poor’s 500 Index poised for a third straight week of gains, as investors weighed the pace of central bank stimulus amid a meeting of finance ministers. more
Five Questions With: Karen Jessup
Providence Preservation Society interim director talks about the 34th annual Festival of Historic Houses fundraiser. more
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