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January 14, 2008 Archives

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Judge: Developer can knock down old food terminal

4:53 PM Mon, Jan 14, 2008 | | Write a comment
By Andrea Panciera    Email

PROVIDENCE -- A judge has ruled that Carpionato Properties can knock down the food and produce terminal on Harris Avenue, denying an attempt by state lawyers to stop the demolition. The Johnston developer had obtained a demolition permit last week......

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Warren boat maker Pearson to pay $195,000 in Clean Air fines

4:40 PM Mon, Jan 14, 2008 | | Write a comment
By Andrea Panciera    Email

A Warren boat maker will pay $195,000 in fines to settle claims that it violated federal Clean Air Act provisions. Pearson Composites LLC will pay the penalties for violating emission standards, work practice standards and reporting and monitoring provisions, the......

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National Grid to sign alternative energy deals

3:50 PM Mon, Jan 14, 2008 | | Write a comment
By Benjamin N. Gedan    Email

National Grid has dropped its objection to signing long-term contracts with suppliers of renewable energy, a decision that advocates of wind farms say spur a flood of proposals in the state. National Grid is the dominant energy provider in Rhode......

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How long will Nicolas Cage be a Middletown home owner?

1:52 PM Mon, Jan 14, 2008 | | Comments (2)
By Benjamin N. Gedan    Email

Nicolas Cage in "World Trade Center" last year. Nicholas Cage, who bought a mansion near Second Beach in Middletown last summer for $15.7 million, was thought at the time to be considering using the house as a primary residence,......

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Impacts of Cape Wind project deemed mostly minor

1:01 PM Mon, Jan 14, 2008 | | Write a comment
By Tim Barmann    Email

The federal agency leading the permitting process for the proposed Cape Wind project in Nantucket Sound has found that the wind farm's operations would have neglible or minor impacts on the vast majority of categories it examined. The Minerals Management......

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Investment Instruments Corp. founder to address Geeks

12:06 PM Mon, Jan 14, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The Providence Geeks, an association of technology entrepreneurs, is meeting Wednesday, at 5:30 p.m., for its monthly gathering at AS220. Owen Johnson, co-founder of Investment Instruments Corp., is the guest speaker. His company provides landlords online property management services and......

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Amgen plays down Enbrel study

11:14 AM Mon, Jan 14, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Amgen Inc. is dampening expectations for a potential new use for its drug Enbrel, produced at its West Greenwich complex. In an interview with The Providence Journal this morning, Amgen spokesman Larry Bernard said it is "way too early" to......

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Textron signs $10.2 million contract with Bulgaria

10:23 AM Mon, Jan 14, 2008 | | Write a comment
By John Kostrzewa    Email

Textron Marine & Land Systems, a unit of Providence-based Textron, said this morning it has agreed to sell seven M1117 Armored Security Vehicles to the Bulgarian Ministry of Defense for $10.2 million. Delivery is scheduled for first quarter of 2008.......

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Bill proposed to curb foreclosure blight

9:39 AM Mon, Jan 14, 2008 | | Write a comment
By John Kostrzewa    Email

State Rep. Charlene Lima, D-Cranston, said she plans to introduce a bill in the Rhode Island General Assembly that would make the new owners of foreclosed properties set aside 25 percent of the purchase price. That money would be forfeited......

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Moving company expands in Canada

8:59 AM Mon, Jan 14, 2008 | | Write a comment
By John Kostrzewa    Email

Arpin International, of East Greenwich, said it is expanding in Canada by opening an office in the Toronto area, its third international office. The company also has offices in London the United Kingdom and Singapore. Arpin said it made an......

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Sovereign to take fourth-quarter charges

8:47 AM Mon, Jan 14, 2008 | | Write a comment
By John Kostrzewa    Email

Sovereign Bancorp. said this morning that the deterioration in the mortgage industry and the economy has prompted the bank to take several charges that will hurt its fourth quarter financial results. Sovereign said it boosted its provision for credit losses......

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