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January 8, 2008 Archives

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Tourism-related spending in RI hits $5.4B in 2006

3:19 PM Tue, Jan 08, 2008 | | Comments (1)
By Paul Grimaldi    Email

Tourists and day-trippers generated $5.4 billion in economic activity in Rhode Island last year, according to a report released today by research firm Global Insights, and accounted for 10 percent of all state and local tax revenues and supported jobs......

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RI housing agency to offer heating assistance program

1:14 PM Tue, Jan 08, 2008 | | Write a comment
By Tim Barmann    Email

Rhode Island Housing announced this afternoon that it is again offering a heating assistance program that allows mortgage customers to defer part of their monthly mortgage payment during the winter months to make it easier to pay heating bills. The......

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Narragansett Bay Insurance gets $200 million infusion

1:11 PM Tue, Jan 08, 2008 | | Write a comment
By Tim Barmann    Email

Narragansett Bay Insurance Co. announced today that three private firms have agreed to invest a total of $200 million in the company, allowing it to expand its homeowners business along the Eastern seaboard. Among the investors is Pine Brook Partners......

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R.I. house sales, prices keep heading down

1:11 PM Tue, Jan 08, 2008 | | Write a comment
By Andrea Panciera    Email

Rhode Island house sales in November fell for the ninth straight month, and prices tumbled farther, too. The Warren Group, a Boston-based publisher of real estate data, reported that single-family house sales in November sank 18.7 percent from a year......

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Langevin to address New England Council

12:49 PM Tue, Jan 08, 2008 | | Write a comment
By Benjamin N. Gedan    Email

U.S. Rep. James R. Langevin will participate in a roundtable discussion with members of The New England Council on Thursday at The Westin Providence hotel. “I look forward to discussing my priorities for 2008 with members of the council and......

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Amgen cut deeply in '07

12:18 PM Tue, Jan 08, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Amgen Inc. cut 13 percent of its workforce last year, part of a massive cost-cutting effort. Chief Executive Officer Kevin Sharer, speaking this morning at the JP Morgan Healthcare Conference in San Francisco, said his beleaguered company is "on track"......

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Luxury suites at Dunk opening tomorrow

12:02 PM Tue, Jan 08, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Artist's rendering of the luxury suites at the Dunkin' Donuts Center The 20 luxury suites at the Dunkin' Donuts Center, a major component of the $80.5-million renovation, are scheduled to open tomorrow. The Rhode Island Convention Center Authority, the......

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Gala hopes to raise $600,000 for heating help

9:20 AM Tue, Jan 08, 2008 | | Write a comment
By John Kostrzewa    Email

With home heating oil at a record $3.429 a gallon in Rhode Island, organizers of this year's Celebrate Rhode Island Ball hope to raise $150,00 to help low-income families heat their homes this winter. Proceeds from the gala, scheduled for......

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Local clothing manufacturer gets investment partner

8:49 AM Tue, Jan 08, 2008 | | Comments (1)
By John Kostrzewa    Email

Shawn Zachary Design Inc., an investment group formed by former retail executice Zachary Belil, has acquired a 49 percent stake in Providence-based Hanover Industries for an undisclosed price. Hanover, founded in 1997 by Elana Carello, manufactures women's and children's novelty......

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