Economic Activity
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R.I.’s leading economic indicators edge upward in November
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose 0.1 percent to 120.9 in November. more
| 1/23/13
Oil trades near 4-month high before vote on U.S. debt ceiling
Oil traded near a four-month high as the U.S. House of Representatives neared a vote to temporarily suspend the country’s borrowing limit. more
Sales of U.S. existing homes decrease on lack of supply
Sales of U.S. existing homes unexpectedly dropped in December as the lowest supply in more than a decade cut into the industry’s best year since 2007. more
Air Canada suspends service from T.F. Green
Air Canada is suspending its twice daily service from T.F. Green to Toronto effective March 1, R.I. Airport Corporation Interim President and CEO Peter Frazier told Providence Business News. more
| 1/22/13
U.S. stock futures decline amid earnings ahead of housing data
U.S. stock-index futures fell, after benchmark indexes climbed to five-year highs last week, as investors weighed corporate earnings and awaited a report on existing home sales. more
Mass. bankruptcies drop in 2012
Personal and business bankruptcy filings in Bristol County, Mass., fell 11.9 percent in 2012 when compared with 2011, according to The Warren Group. more
| 1/21/13
REITs gain 26% ditching failing shopping malls: mortgages
Mall owners including Simon Property Group Inc. and General Growth Properties Inc., the biggest in the United States, are signaling they’re moving on from struggling retail centers as the economic rebound drives them to focus on the best-performing markets. more
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
Forget the studies, action needed for R.I. revitalization
As a former town council president, five-term Rhode Island state senator, 27-year vice president of a major Rhode Island corporation employing 1,200, and former president of the Greater Providence Chamber of Commerce for 18 years, I thought I would weigh in on the state’s efforts to reinvent itself in the years ahead. more
1/21/13
Businesses are banking on a slow, steady climb up
Fiscal brinksmanship in Washington and the halting economic recovery in Rhode Island frustrated local business leaders in 2012, but their plans for the year ahead reveal a latent current of optimism running through the region. more

By Patrick Anderson
PBN Staff Writer | 1/21/13

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