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Looking to expand its capabilities and markets, Nortek has agreed to pay about $260 million in cash for the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly-owned subsidiary of ABB Ltd., an international power and automation manufacturer. more
The Center on Budget and Policy Priorities has ranked Rhode Island’s policymakers 12th among the 50 U.S. states and the District of Columbia for the state’s use of sound fiscal planning to budget for the state’s future, the nonprofit think-tank announced Tuesday. more
Consumer confidence in the U.S. unexpectedly dropped in March to a four-month low, indicating household spending may be slow to pick up from a weather-related setback earlier this year. more
Service industries expanded more than forecast in January as the biggest part of the U.S. economy overcame the effects of snow and freezing temperatures to boost hiring by the most in more than three years. more
Mechanics Cooperative Bank opened a new branch in Taunton Monday, a relocation of a nearby existing branch, according to an announcement by the bank. more
Consumer confidence fell more than forecast in February as growing concern about the U.S. economy’s direction outweighed improving perceptions of its current state. more
The fifth edition of the 2014 County Health Rankings, compiled by the Robert Wood Johnson Foundation and the University of Wisconsin’s Population Health Institute, identifies Bristol County as Rhode Island’s healthiest county and Providence County as the least healthy. more
Consumer debt in the U.S. rose last quarter by the most in more than six years as Americans borrowed to buy homes and cars and to pay for education, according to a survey by the Federal Reserve Bank of New York. more
Personal incomes in Rhode Island rose 2.6 percent in 2013, while the state’s per capita income ranked as the 14th highest in the nation, according to a report released Tuesday by the U.S. Bureau of Economic Analysis. Personal income in the Ocean State totaled $49.4 billion last year, a gain of $1.3 billion compared with the 2012 total of $48.2 billion. more
Deepwater Wind is planning to submit a proposal to sell wind energy to the Long Island Power Authority, the Providence-based energy company said Wednesday. more
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