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Retail sales increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies, helping the economy recover from a weather-depressed start to the year. more
U.S. Sens. Jack Reed and Sheldon Whitehouse and U.S. Rep. James R. Langevin on Monday announced a new $800,000 federal grant for infrastructure upgrades at the Port of Davisville designed to increase Rhode Island’s port capacity and improve cargo shipment flexibility for companies headquartered in Quonset Business Park. more
Partridge Snow & Hahn LLP is growing again, this time adding nine attorneys as it opens a Boston office. The new attorneys are former members of Craig and Macauley, a Boston-based firm, including two of the founders. Four of the new members of PSH will join on May 1 as partners, while three will assume roles as senior counsels and two as associates. more
The negative outlook on the U.S.’s AAA credit-ranking was changed to stable by DBRS Inc. amid declining federal budget deficits and after Congress suspended the nation’s debt limit earlier this year until 2015. more
U.S. house prices rose 6.9 percent in the 12 months through February, the smallest gain in a year, in a sign that the housing market’s recovery is cooling. more
Rhode Island exports fell by $31.4 million in February, or 15.8 percent on a month-over-month basis, according to an e-forecasting.com report released Tuesday. more
Foreclosures in the Providence-Warwick metro area declined to 1.89 percent of all outstanding mortgage loans for the month of February from 2.85 percent reported during the same month a year earlier, according to a CoreLogic report released Tuesday. more
The struggling Rhode Island construction industry could help reduce the state’s high unemployment rate by 1.4 percentage points if allowed to foster changes that would restore jobs, according to a study prepared for five trade groups by a Bryant University economist. more
The public may never know what proposals the Interstate 195 Redevelopment District Commission turns down for the 20 acres of former highway land under its control, known as The Link. more
Sprague Operating Resources LLC, an energy company headquartered in Portsmouth, N.H., has agreed to pay $3.5 million in rent annually to Capital Properties Inc. in exchange for the use of Capital Properties’ million-barrel petroleum storage facility in East Providence. more
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