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January 4, 2008 Archives

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Wall Street tumbles again on weak jobs report

4:53 PM Fri, Jan 04, 2008 | | Write a comment
By Andrea Panciera    Email

NEW YORK -- Wall Street fell sharply again today after the government's much-anticipated employment report showed weaker-than-expected job growth and a rise in the unemployment rate. The Nasdaq composite index, also pummeled by a downgrade of Intel Corp., skidded......

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Paint companies seek overturn of cleanup plan

3:18 PM Fri, Jan 04, 2008 | | Comments (1)
By Benjamin N. Gedan    Email

PROVIDENCE -- Three former lead paint manufacturers have asked a judge to strike down a $2.4 billion cleanup plan requested by the state. The proposal would force Sherwin-Williams and two other companies to pay for the inspection and cleanup of......

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FDA reviewing Amgen data on anemia drugs

2:28 PM Fri, Jan 04, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The Food and Drug Administration is reviewing new data submitted by Amgen Inc. related to its troubled anemia drugs Aranesp and Epogen. The Wall Street Journal reported today that the new data "provide further evidence of the risks of anemia......

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Providence Chamber tries to revive city's economy

12:15 PM Fri, Jan 04, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The print edition of today's Providence Journal has an exclusive report about a new project by the Greater Providence Chamber of Commerce to improve the city's economy. Information will eventually be posted on the chamber's Web site. In the meantime,......

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Alexion's CEO to speak at conference

11:26 AM Fri, Jan 04, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Alexion's president, David W. Keiser, with Governor Carcieri at a ribbon-cutting ceremony in Smithfield last June. Leonard Bell, chief executive officer of Alexion Pharmaceuticals Inc. (ALXN:Nasdaq), will speak about the company at the 26th Annual JP Morgan Healthcare Conference......

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Hasbro to buy game company

9:35 AM Fri, Jan 04, 2008 | | Write a comment
By John Kostrzewa    Email

Pawtucket-based Hasbro Inc. said this morning it has agreed to buy closely held game producer Cranium Inc. for $77.5 million. The purchase may close by the end of the first quarter, Hasbro said, and the price may change depending on......

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Talbots to close stores, restructure

8:52 AM Fri, Jan 04, 2008 | | Write a comment
By John Kostrzewa    Email

Talbots Inc., the retailer with several stores in Rhode Island, said this morning it will close 78 of its kids' and mens' stores by September, eliminating 800 jobs. Talbots, which has 1,000 stores nationwide, did not dislcose which stores would......

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