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December 2, 2007 - December 8, 2007 Archives
3:54 PM Fri, Dec 07, 2007 | Permalink |
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By Tim Barmann  Email
Homeowners have only three weeks left to take advantage of a host of federal tax credits for making certain energy-efficient improvements. The tax credits, which cover major purchases, such as furnaces and boilers, and smaller improvements, such as storm doors......
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9:51 AM Fri, Dec 07, 2007 | Permalink |
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By Benjamin N. Gedan Email
The Koffler Group, a real estate developer and property manager, has moved into the GTECH Center, the first tenant for the office space on the ninth and tenth floors. In all, about 57,000 square feet of office space has sat......
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8:34 AM Fri, Dec 07, 2007 | Permalink |
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By John Kostrzewa Email
Workers at Foxwoods in Mashantucket, Conn. today will hoist an MGM Grand marquee, with gold letters and signature MGM Grand lion, onto the side of the 30-story hotel and casino under construction next to the existing gambling resort. The work......
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8:24 AM Fri, Dec 07, 2007 | Permalink |
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By John Kostrzewa Email
Star Gas, the Connecticut company that owns Petro, one of Rhode island's largest home heating oil dealers, said this morning that it lost 5 percent of its cusomer base for the fiscal year that ended Sept. 30. Star (SGU:NYSE) also......
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5:12 PM Thu, Dec 06, 2007 | Permalink |
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By Neil Downing Email
LIN TV Corp. of Providence will maintain the status quo – at least for now. LIN (NYSE: TVL) said that its board of directors “has concluded its review of strategic alternatives,’’ which began earlier this year. “The Company does......
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11:34 AM Thu, Dec 06, 2007 | Permalink |
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By Paul Grimaldi Email
A federal court judge today ignored a plea for leniency and a check for $31,000, in the case of a man charged with helping steal bank card information from supermarket customers in Rhode Island. U.S. District Court Judge William Smith......
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11:26 AM Thu, Dec 06, 2007 | Permalink |
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By Benjamin N. Gedan Email
U.S. Sen. Sheldon Whitehouse has introduced legislation to ban Internet hunting, according to The Humane Society of the United States. The Computer-Assisted Remote Hunting Act would prevent the operation of Web sites that allow people to shoot live animals remotely,......
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10:43 AM Thu, Dec 06, 2007 | Permalink |
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By Benjamin N. Gedan Email
The drug Alexion Pharmaceuticals plans to produce in Smithfield reduced the destruction of red blood cells and improved fatigue, quality of life and anemia in patients with paroxysmal nocturnal hemoglobinuria (PNH), according to an analysis of the Phase III SHEPHERD......
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8:56 AM Thu, Dec 06, 2007 | Permalink |
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By John Kostrzewa Email
John Casey, president of Electric Boat, is scheduled to visit the company's submarine building plant in the Quonset Business park this afternoon and discuss plans for 2008. There are about 2,100 employees at Electric Boat's facility at Quonset and another......
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8:45 AM Thu, Dec 06, 2007 | Permalink |
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By John Kostrzewa Email
Hasbro is trying to strengthen the tie in between its line of toys and popular movies and other Hollywood-produced entertainment by putting a veteran studio executive in charge. Pawtucket-based Hasbro this morning said it hired Lisa Licht, an executive for......
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7:26 AM Thu, Dec 06, 2007 | Permalink |
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By John Kostrzewa Email
Royal Bank of Scotland Group plc, the owner of Providence-based Citizens Financial Group, is the latest big bank caught in the fallout from the subprime lending crisis. Fred Goodwin, CEO of the Royal Bank, based in Edinburgh, Scotland, said this......
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5:58 PM Wed, Dec 05, 2007 | Permalink |
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By Neil Downing Email
Ring manufacturer Jostens Inc., which made the championship rings for the last three New England Patriots Super Bowl victories, plans to close its Attleboro, Mass., plant in early February, laying off about 177 full-time and seasonal workers. “We expect......
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4:19 PM Wed, Dec 05, 2007 | Permalink |
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By Paul Grimaldi Email
Matt and Kate Jennings, owners of Farmstead, a food shop well-regarded by East Siders and foodies beyond the Providence city limits, have confirmed they will open a Downcity venue to sell their artisnal cheeses and gourmet foods. The couple said......
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12:16 PM Wed, Dec 05, 2007 | Permalink |
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By John Kostrzewa Email
Five aspiring models from Rhode Island will travel by limousine to Manhattan on Friday to appear in a Verizon advertising campaign to promote its cable TV and Internet services. The five - Alisha El-Machiah, 19, of Providence, Kevin Kenny, 20,......
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10:12 AM Wed, Dec 05, 2007 | Permalink |
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By John Kostrzewa Email
Lewis B. Campbell, chairman, president and CEO of Textron, is scheduled to ring the closing bell of the New York Stock Exchange on Wall Street this afternoon, marking the company's 60th consecutive year of trading. "Our listing on the Exchange......
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9:57 AM Wed, Dec 05, 2007 | Permalink |
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By Benjamin N. Gedan Email
The Wall Street Journal has an interesting report on campaigns to stop home car washing: http://online.wsj.com/article/SB119673690719012753.html. The argument: environmentalists say the sudsy runoff is toxic for local waterways, and it's a big waste of water. So, are Rhode Island car......
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8:56 AM Wed, Dec 05, 2007 | Permalink |
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By John Kostrzewa Email
The Federal Communications Commission has denied Verizon Communications's request to let it charge rival carriers higher rates for access to its lines in six East Coast markets, including Providence. The FCC said Verizon failed to show it faces enough competition......
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8:06 AM Wed, Dec 05, 2007 | Permalink |
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By John Kostrzewa Email
Richard L. Bready, chairman and CEO of Providence-based Nortek, Inc., will receive the Gold Heart Award from the American Heart Association at a luncheon today at the Rhode Island Convention Center. The annual honor is presented for enhancing the well-being......
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7:52 AM Wed, Dec 05, 2007 | Permalink |
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By John Kostrzewa Email
FGX International Holdings Ltd., the company that distributes Foster Grant sunglasses from offices and a warehouse in Smithfield, will earn $0.48 per share in 2007, $0.78 per share in 2008, and $1.25 per share in 2009, according to a new......
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7:42 AM Wed, Dec 05, 2007 | Permalink |
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By John Kostrzewa Email
Cessna has added a new aircraft to its fleet. The company owned by Providence-based Textron said this morning it has completed its purchase of Columbia Aircraft Manufacturing Co., based in Bend, Oregon. Cessna's bid of $26.4 million for the producer......
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5:04 PM Tue, Dec 04, 2007 | Permalink |
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By Tim Barmann Email
NARRAGANSETT – An Australian company plans to build a $45-million “wave farm” off the coast of Rhode Island that would convert energy from ocean waves into electricity. Oceanlinx, a privately-owned renewable energy company based near Sydney, said it would develop......
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3:55 PM Tue, Dec 04, 2007 | Permalink |
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By Benjamin N. Gedan Email
Textron Financial Corp., a subsidiary of Providence-based Textron Inc. (TXT:NYSE), announced today that it had promoted Adele Suddes to executive vice president and chief marketing officer, according to spokeswoman Rachel S. Sockut. In a statement, Textron said that Suddes will......
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3:11 PM Tue, Dec 04, 2007 | Permalink |
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By Benjamin N. Gedan Email
Think Fidelity Investments is excited about its new building in Smithfield? The company's holiday card, signed by the general manager of Rhode Island operations, John Muggeridge, features a painting of the building and a team of snowmen construction workers, with......
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3:04 PM Tue, Dec 04, 2007 | Permalink |
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By Andrea Panciera Email
Journal photo / Frieda Squires Tom Denniss, executive director of Oceanlinx, left, an Australian developer of wave technology for renewable energy, signed a memorandum of understanding with Govenor Carcieri, right, today at the University of Rhode Island Bay Campus,......
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2:52 PM Tue, Dec 04, 2007 | Permalink |
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By Benjamin N. Gedan Email
According to US Airways, the fight over who gets credit for the "Providence Renaissance," former Mayor Vincent A. Cianci Jr. or current Mayor David N. Cicilline, is over. And the winner is -- Cicilline. This month's issue of the airline's......
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2:45 PM Tue, Dec 04, 2007 | Permalink |
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By Paul Grimaldi Email
Toy safety appears to be at the top of everyone's mind this month, as Hasbro's chief executive found out this afternoon in a chat hosted by URI's business school. The first question posed to Hasbro president and CEO Alfred J.......
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11:38 AM Tue, Dec 04, 2007 | Permalink |
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By Benjamin N. Gedan Email
The Rhode Island Hospitality and Tourism Association has announced its “Stars of the Industry,” honoring individuals and businesses in the hospitality, food service and tourism industries. Here are some of the winners, announced at the association's recent annual meeting at......
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11:29 AM Tue, Dec 04, 2007 | Permalink |
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By Neil Downing Email
Executives of Belo Corp., which owns the Providence Journal, said that the planned split-up of the company should be completed late next month or in early February. After the split-up, Belo Corp. will continue to hold its TV stations. But......
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10:31 AM Tue, Dec 04, 2007 | Permalink |
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By Benjamin N. Gedan Email
The legislature last session stopped the state Economic Development Corporation from creating state-owned work space for local IT firms. But EDC head Saul Kaplan is keeping up his effort to help build an East Coast Google or Microsoft. Thursday morning,......
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10:10 AM Tue, Dec 04, 2007 | Permalink |
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By John Kostrzewa Email
Capital Properties, of East Providence, told federal regulators it has acquired property at the corner of Canal Street and Steeple Street in Providence for $2.3 millon in cash from David L. Golden. The historic property includes three different attached......
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7:55 AM Tue, Dec 04, 2007 | Permalink |
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By John Kostrzewa Email
With the critical, toy-selling season well underway, Alfred J. Verrecchia, president and CEO of Hasbro, will answer questions about the toy industry during an online chat sponsored by the University of Rhode Island at 1 p.m. To enter the......
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6:51 PM Mon, Dec 03, 2007 | Permalink |
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By Andrea Panciera Email
BOSTON -- A judge's instructions to a jury in a federal corruption case were too broad and allowed two former hospital executives to be convicted of conduct that was not illegal, their lawyers told a federal appeals court today while......
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6:05 PM Mon, Dec 03, 2007 | Permalink |
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By Andrea Panciera Email
The Navy has awarded General Dynamics Electric Boat a $270 million contract to make components for a Virginia-class submarine, and some of the work will be done in Quonset Point and Groton, Conn. The contract covers steam and electric plant......
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3:31 PM Mon, Dec 03, 2007 | Permalink |
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By Andrea Panciera Email
Governor Carcieri tomorrow will sign an agreement with an Australia-based company to explore installing the first technology in Rhode Island to harness ocean waves as a renewable-energy generating source. The agreement will start installation of a 1.5-megawatt generating unit that......
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