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Join the conversation about reinventing Rhode Island
PROVIDENCE, R.I. -- Rhode Island suffered huge job losses during the recession and has been one of the slowest states to recover. But Rhode Islanders can turn their economy around if they can capitalize on the state's unique assets...
April 27, 2012 10:09 am
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Chafee says EDC to consider changing deal with 38 Studios
PROVIDENCE -- Governor Chafee has called the Rhode Island Economic Development Corporation to an emergency meeting Wednesday morning to discuss financial problems at Curt Schilling's videogame company and to consider whether to restructure the deal between 38 Studios and the...
May 15, 2012 9:45 pm
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R.I. Health Dept. warns Korean shellfish may be contaminated
PROVIDENCE, R.I. -- The Rhode Island Department of Health on Tuesday issued a warning against the consumption of fresh or frozen shellfish from Korea. The federal Food and Drug Administration has reported that all Korean shellfish, such as oysters, clams,...
May 15, 2012 4:51 pm
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R.I. Gov. Chafee says he's working to make 'smart decisions' on 38 Studios
PROVIDENCE, R.I. -- Pressed with questions about Curt Schilling's videogame company 38 Studios on Tuesday afternoon at the State House, Governor Chafee said he's working to determine as much as he can about the company's status, to keep the board...
May 15, 2012 4:36 pm
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R.I. Speaker Fox: 38 Studios in 'some default' on loan-guarantee payments
PROVIDENCE, R.I. -- House Speaker Gordon D. Fox said Tuesday that alarms went off about the financial health of 38 Studios, the video-game company owned by former Red Sox pitcher Curt Schilling that has a $75-million state-backed loan guarantee, "when...
May 15, 2012 4:31 pm
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MBTA will keep night and weekend runs into Providence
PROVIDENCE, R.I. -- Despite dire scenarios painted earlier this year, commuter trains between Providence and Boston will continue to run on weekends and late at night after July 1. Stephen Devine, chief of intermodal planning for the state Department of...
May 15, 2012 3:54 pm
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Financial analysts have their own takes on 38 Studios' finances
A statement Governor Chafee made Monday raising the question of whether videogame company 38 Studios is "solvent" does not square with what corporate financial analysts know about the Providence firm. On April 20, the Standard & Poor's ratings agency affirmed...
May 15, 2012 3:26 pm
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Plastics company to reopen Woonsocket mill
WOONSOCKET, R.I. (AP) -- A plastics company plans to refurbish and reopen a sprawling mill complex in Woonsocket. The Plastics Group says it will begin using the Jules Desurmont Mill for manufacturing by the end of the year. The Woonsocket...
May 15, 2012 7:39 am
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Kostrzewa: New biomanufacturing center to open in Fall River
Betaspring, the start-up accelerator in Providence, has been touted as a big help to entrepreneurs trying to launch a company or find mentors and colleagues. Now, other accelerators are organizing throughout the region. On Wednesday, state and local officials will...
May 15, 2012 7:27 am
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City official: 38 Studios sought help from Providence
PROVIDENCE, R.I. -- As 38 Studios executives have been meeting with Governor Chafee and leaders at the Rhode Island Economic Development Corporation over the past week, company executives also turned to the City of Providence for help. James S. Bennett,...
May 14, 2012 10:55 pm
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R.I. Gov. Chafee meets with 38 Studios executives over company finances
PROVIDENCE, R.I. -- Governor Chafee has met with 38 Studios executives and officials from the Rhode Island Economic Development Corporation in recent days, saying they're working at "protecting the taxpayer dollars." Chafee said he's checking "in on all the financials"...
May 14, 2012 6:22 pm
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Bryant conference to focus on returning manufacturing to U.S.
SMITHFIELD, R.I. -- Bryant University will hold its 27th World Trade Day conference on May 23, with speakers from companies that are winning business back from overseas. The theme of the conference is the U.S. manufacturing renaissance. Topics include global...
May 14, 2012 2:32 pm
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RI gasoline prices drop for fourth straight week
PROVIDENCE, R.I. -- Gasoline prices in Rhode Island have dropped for four straight weeks after falling three cents over the last seven days, according to AAA Southern New England. The average price for a gallon of regular unleaded gasoline is...
May 14, 2012 11:15 am
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Kostrzewa: Disagreement on health of RI economy
The Rhode Island Dept. of Labor and Training and the U.S. Bureau of Labor Statistics have a disagreement over the state's unemployment rate and the status of the Rhode Island economy. After the March jobless rate of 11.1percent was disclosed,...
May 14, 2012 9:12 am
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DEM cites two Providence scrap metal businesses
PROVIDENCE, R.I. -- The Department of Environmental Management announced on Friday that it has ordered two Allens Avenue companies to cease operations after determining that each had failed to obtain the necessary approval for their scrap metal businesses and are...
May 11, 2012 4:39 pm
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Ceremony marks progress on latest fast-attack nuclear submarine
NORTH KINGSTOWN, R.I. -- The nation's 11th Virginia-class, fast-attack nuclear submarine passed it first major construction milestone Friday at a keel-laying ceremony for North Dakota at General Dynamics Electric Boat. "Operating alone and unafraid, these ships provide the Navy with...
May 11, 2012 3:19 pm
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R.I. energy prices: Low for New England, high for U.S.
PROVIDENCE, R.I. -- The price of energy in Rhode Island -- gasoline, electricity, oil and other forms -- ranks low compared with other New England states, but high next to the rest of the nation, according to the U.S. Energy...
May 11, 2012 2:02 pm
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National finance expert to speak at East Greenwich High School
EAST GREENWICH, R.I. -- The lesson for the day will be financial literacy Monday when Ted Beck, a member of President Obama's Advisory Council on Financial Capability, will speak to students at East Greenwich High School. Beck will appear as...
May 11, 2012 1:23 pm
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Washington Trust branches closed over the weekend
WESTERLY, R.I. -- All branches of Washington Trust bank will be closed the weekend of May 12 as technology upgrades are made to the sties. The bank has more than a dozen branch locations in the state from Westerly north...
May 11, 2012 1:10 pm
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Kostrzewa: RI receives settlement from Abbott
Rhode Island will receive $2.36 million as part of a $1.6 billion settlement among Abbott Laboratories, the U.S. government and the states. Massachusetts will receive $20 million. Abbott agreed to the payment and to plead guilty to a criminal misdemeanor...
May 11, 2012 7:29 am
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Ground broken for new innovation center at Providence's Met School
PROVIDENCE, R.I. -- A self-professed "start-up junkie" -- Scott Case, one of the founders of Priceline -- told a group of budding entrepreneurs Thursday that they are the future heroes of America. Case was the keynote speaker at a groundbreaking...
May 10, 2012 2:53 pm
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