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R.I. unemployment rate ranks sixth-highest in the country
PROVIDENCE, R.I. -- Rhode Island had the sixth-highest unemployment rate in the nation with its 8.8 percent rate for April, according to data released Friday morning by the U.S. Bureau of Labor Statistics. Nevada has the highest rate in the...
May 17, 2013 10:31 am
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R.I. unemployment rate falls to 8.8 percent in April
PROVIDENCE, R.I. -- Rhode Island's unemployment rate dropped again, to 8.8 percent in April, and the state gained 500 jobs since March, according to figures released Thursday by the Rhode Island Department of Labor and Training. But the size of...
May 16, 2013 2:14 pm
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Smithfield financial firm moves to Warwick, expands
WARWICK, R.I. - - Corner Office Financial, LLC, a financial consulting firm announced this week that it recently moved from Smithfield to Warwick and has expanded its staff at its new location. The company said it is added six independent...
May 16, 2013 1:02 pm
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R.I. Senate to consider Chafee nominee to head EDC
PROVIDENCE, R.I. -- The Rhode Island Senate is expected to vote Tuesday afternoon on whether to confirm Marcel A. Valois as the new executive director of the Rhode Island Economic Development Corporation. The Senate commerce committee, which unanimously approved the...
May 16, 2013 11:15 am
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Fall in natural gas prices pushes electricty costs down
New England's power grid operator says falling natural gas prices again drove down regional electricity prices in 2012. The report by ISO New England says natural gas-fired power plants generated just over half of the electricity produced in the region...
May 16, 2013 8:29 am
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Kostrzewa - Chafee, Taveras set out economic priorities
Governor Chafee and Providence Mayor Angel Taveras - potential opponents in next year's race for governor - sought support from 500 business leaders at The Garage, the Greater Providence Chamber of Commerce's event on Tuesday - by laying out their...
May 16, 2013 8:15 am
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Mott, Chace form new Sotheby's affiliate in Charlestown
CHARLESTOWN, R.I. -- Sotheby's International Realty Affiliates LLC has announced that a new Charlestown firm, Mott and Chace Sotheby's International Realty, is the newest member of its luxury real estate network. Judy Chace, formerly of Residential Properties Ltd., has joined...
May 15, 2013 12:08 pm
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Tribe unveils new plan for Taunton casino
The Mashpee Wampanoag tribe has unveiled a new design for a resort casino it hopes to build in Taunton if the tribe wins state and federal approvals for the project. The architectural renderings were released Tuesday at a meeting of...
May 15, 2013 11:52 am
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Report: Kraft Group weighing bid for Boston Globe
Providence Journal photo / Mary MurphyRobert Kraft Representatives of the Kraft Group, which owns the New England Patriots and New England Revolution, recently attended one of a series of presentations for potential bidders and investors in The Boston Globe,...
May 15, 2013 11:15 am
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Kostrzewa - Chafee hints at unemployment rate drop; no mention of lack of job creation
Gov. Chafee hinted on Tuesday to the business crowd at The Garage, the Greater Providence Chamber of Commerce's reinvented annual gathering, that the state's unemployment went down in April from 9.1 percent in March. John Kostrzewa "More good news on...
May 15, 2013 8:10 am
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Casino owners seeks referendum for western Mass. facility
MGM Resorts International has announced that it's requesting a July 16 referendum in Springfield on its $800 million casino plan. The formal request Tuesday follows the Springfield city council's approval last week of a host community agreement signed by Mayor...
May 15, 2013 7:55 am
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Rogers Williams raises money for new sailing center
Roger Williams University has brought in $2.1 million to build a new sailing center and is now more than two-thirds to reaching the project's fundraising goal. The school says it raised $1.7 million at a live auction last weekend. That...
May 15, 2013 7:52 am
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Winners announced in RI Business Plan Competition
PROVIDENCE, R.I. -- Haverhill Inc., an emerging Rhode Island jewelry company, won the biggest prize Tuesday at the Rhode Island Business Plan Competition, the final business event at The Garage. Founded by CEO Alison Cariati and designer Haverhill Leach, Haverhill...
May 14, 2013 5:30 pm
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The Garage: R.I. poised to lead in emerging food innovation industry
PROVIDENCE, R.I. -- Rhode Island is poised to be a leader in the emerging food innovation industry, six entrepreneurs said Tuesday during The Garage, a business conference organized by the Greater Providence Chamber of Commerce. Food innovation encompasses products aimed...
May 14, 2013 4:24 pm
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RI companies to share 'Ah-ha!' moments Tuesday at Chamber's 'Garage'
PROVIDENCE, R.I. -- The Greater Providence Chamber of Commerce will host its reformulated annual exposition Tuesday afternoon at the R.I. Convention Center. The Garage, a name intended to conjure images of business start-up ingenuity, runs from noon to 7:30 p.m....
May 13, 2013 3:43 pm
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AAA: R.I. gas prices increase 6 cents per gallon
PROVIDENCE, R.I. -- A downward trend in Rhode Island gasoline prices stopped this week, as the average price jumped 6 cents per gallon, according to AAA Southern New England. The average price for a gallon of regular unleaded gasoline is...
May 13, 2013 11:34 am
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Kostrzewa - Larry Merlo at CVS to step into business spotlight
Larry Merlo had big shoes to fill when he took over as president and CEO of CVS Caremark in March 2011 from Tom Ryan, who had built the drugstore chain and become a leading business figure in Rhode Island. John...
May 13, 2013 7:44 am
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Middletown company acquires media services firm
KVH Industries, Inc., in Middletown, said on Monday it acquired Headland Media Limited, a media and entertainment services company that provides commercially licensed news, sports, movies, and music content sold in the maritime, hotel, and retail markets. United Kingdom-based...
May 13, 2013 7:40 am
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R.I. economy perks up in March
After disappointing months in January and February, the Rhode Island economy picked up in March, according to an index created by University of Rhode Island Professor Leonard Lardaro. The Current Conditions Index is based on 15 indicators, including unemployment claims,...
May 13, 2013 7:35 am
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Poirier's Diner to reopen on Providence's West Side
A Povidence real-estate developer will preside over the re-opening of a historic diner during the next few weeks as he continues his efforts to vitalize the city's West Side. The pre-fabricated rail-car-style restaurant known originally as Poirier's Diner will return...
May 13, 2013 7:29 am
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