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January 7, 2008 Archives

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Heating with oil gets more expensive

4:52 PM Mon, Jan 07, 2008 | | Write a comment
By Tim Barmann    Email

The cost to buy heating oil continued its upward spiral today with the average price rising to $3.429 a gallon in Rhode Island, another record. The average price, which is based on a survey of local dealers by the State......

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Bristol renewable energy firm makes acquisition

3:04 PM Mon, Jan 07, 2008 | | Write a comment
By John Kostrzewa    Email

SolarWrights, of Bristol, said today it has completed the acquisition of Kosmo Solar Inc., a Springfield, Mass.-based alternative energy solutions provider. Terms were not disclosed. SolarWrights’ President and Founder, Bob Chew, said it is the company's first acquisition and the......

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Gtech wins Finland lottery contract

2:55 PM Mon, Jan 07, 2008 | | Comments (1)
By John Kostrzewa    Email

Gtech Global Services Corp., the Providence-based unit of Lottomatica SpA, said today it has won a $39 million contract extension to provide services to Veikkaus Oy, which runs Finland's national lottery. Gtech will provide software licensing and services that allow......

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Ryan sniffs at market's reaction to flu

2:55 PM Mon, Jan 07, 2008 | | Write a comment
By Paul Grimaldi    Email

Tom Ryan, chief executive officer at CVS Caremark Corp., told investors during a Webcast from the JP Morgan Healthcare conference in San Francisco that the stock market "overreacted" to its December sales release last week. Shares of CVS, chief rival......

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Economic Policy Council meets Friday

12:00 PM Mon, Jan 07, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal photo/Mary Murphy Christopher Bergstrom, the head of the Rhode Island Economic Policy Council, talks to council members at their meeting last September. The Rhode Island Economic Policy Council, an influential advisory group, is holding its quarterly meeting on......

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Buffet's bond insurer to expand in RI

8:41 AM Mon, Jan 07, 2008 | | Write a comment
By John Kostrzewa    Email

Rhode Island is the latest state targeted for expansion by billionaire investor Warren Buffet's new bond insurance company. Buffet responded to a request from Rhode Island General Treasurer Frank Caprio to enter the state, according to a spokesman for Buffet.......

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Southwest to boost fees for checked bags

8:28 AM Mon, Jan 07, 2008 | | Write a comment
By John Kostrzewa    Email

Southwest Airlines, the biggest carrier at T.F. Green Airport with more than half all passengers, said it will begin charging customers who want to check more than two pieces of luggage. Southwest now allows three checked pieces per passenger, with......

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Systemax to buy CompUSA brand, some stores

8:18 AM Mon, Jan 07, 2008 | | Write a comment
By John Kostrzewa    Email

Systemax Inc. this morning said it would pay at least $30 million to buy the CompUSA brand name, trademarks and as many as 16 stores in Florida, Texas and Puerto Rico during the first quarter, pending the required approvals. The......

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