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Rhode Island chief financial officers echo the restrained expectations for economic growth in 2013 found in two national surveys of finance executives. America’s stubborn economic issues are weighing heavily on regional growth, some local financial leadetrs said.
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By Rhonda Miller |
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Orders for U.S. durable goods excluding transportation equipment climbed in January by the most in a year, showing companies are planning to expand capacity.
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Bloomberg News
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3/4/13
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As the nation’s largest ports jockey for the new supersized cargo ships being built for a widening Panama Canal, maneuvering on a much smaller scale is happening in southern New England ports hoping to catch the spillover.
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By Patrick Anderson |
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Condominium sales in the Ocean State soared 60 percent in January, the Rhode Island Association of Realtors said Friday.
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By PBN Staff
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Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank.
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By Michelle Jamrisko |
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(Updated, 3:50 p.m.)
Rhode Island’s unemployment rate fell to 9.9 percent in December 2012, dipping below 10 percent for the first time in almost four years, according to annually revised data released Thursday by the R.I. Department of Labor and Training.
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By Rebecca Keister |
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The foreclosure inventory in Rhode Island was unchanged from January 2012 to January 2013 at 3 percent, CoreLogic reported Thursday. This means that 3 percent of all homes with a mortgage in Rhode Island were in one aspect of the foreclosure process.
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By PBN Staff
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Lin TV Corp., saw its profit plummet even as revenue rose during the fourth quarter and 2012 as a whole, the company reported Thursday. The decrease was mostly due to a $94 million charge from an agreement between Lin Texas, Comcast and General Electric.
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By PBN Staff
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Business activity in the U.S. unexpectedly expanded in February at the fastest pace in almost a year, a sign the manufacturing industry is poised for growth.
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By Alex Kowalski |
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The Big East conference, which will be left with one of its founding schools by 2014, is negotiating the sale of its name to a new group of seven Catholic universities, the New York Times reported.
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By Nancy Kercheval |