Jan. 16, 2012 The Rhode Island Marine Trades Association held a business roundtable Friday at the Rhode Island Convention Center in conjunction with the Providence Boat Show. The topic was the recently formed U.S. Senate Oceans Caucus and its potential impact on the industry and the state.

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Shandong Heavy Industry Group-Weichai Group announced today that it reached agreements with the major creditors of the Ferretti Group to acquire a controlling interest in Ferretti by participating in Ferretti's debt restructuring.

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Economic activity in the manufacturing sector expanded in December for the 29th consecutive month and the overall economy grew for the 31st consecutive month, according to the nation's supply executives in the latest report from the Institute for Supply Management.

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Fewer people sought new unemployment benefits in the U.S. last week, further signaling that the labor market began to stabilize as 2011 drew to a close.

Separately, the private sector added a white-hot 325,000 jobs in December, according to Automatic Data Processing's monthly hiring report.

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