Projo Biz Blog

January 23, 2008 Archives


Doctors, nurses protest RIte Care cuts

5:47 PM Wed, Jan 23, 2008 | | Write a comment
By Benjamin N. Gedan    Email

PROVIDENCE — Dressed in lab coats and clutching Spiderman Band-Aids, a platoon of medical students fanned out across the State House today, buttonholing legislators to argue against proposed cuts to the RIte Care program. Their guerrilla lobbying followed a protest......

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West Warwick textile mill goes up for auction

3:12 PM Wed, Jan 23, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The receiver of Riverpoint Lace Works, a textile dyeing and finishing company that has operated on Main Street, West Warwick, for more than 80 years, auctioned the assets of the company this morning. Receiver Theodore Orson, of the law firm......

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The Middle Class Squeeze

12:52 PM Wed, Jan 23, 2008 | | Write a comment
By Lynn Arditi    Email

Rhode Island’s middle class is hurting. Wages are stagnant. Houses are worth less. It costs more to fill our gas tanks, heat our houses and pay our medical bills. Some have lost their homes to foreclosure. The pain of the......

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Suspect in Internet scam pleads guilty

12:47 PM Wed, Jan 23, 2008 | | Write a comment
By Paul Grimaldi    Email

A former Warwick man pleaded guilty this morning to federal charges in connection with an Internet sales scheme that bilked nearly $15 million from people across the country who wanted to buy electronic gadgets. Earlier this month federal authorities charged......

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Citizens' MarcAurele to receive humanitarian award

11:48 AM Wed, Jan 23, 2008 | | Write a comment
By Andrea Panciera    Email

Joseph J. MarcAurele, chairman, president and CEO of Citizens Bank of Rhode Island, will receive a humanitarian award during a luncheon on May 8 at the Westin Hotel. A Denver-based hospital, National Jewish Medical and Research Center, which specializes in......

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Textron wins order for armored vehicles

8:48 AM Wed, Jan 23, 2008 | | Write a comment
By John Kostrzewa    Email

Providence-based Textron Inc. has won a $227.8-million order for armored security vehicles from the U.S. Army. The contract will pay for delivery of vehicles through June 2009, extending a contract originally made in May 2005, the U.S. Defense Department said.......

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Providence-based TV series to film third season in RI

8:31 AM Wed, Jan 23, 2008 | | Write a comment
By John Kostrzewa    Email

The national movie and TV writers' strike has cost Rhode Island several pilot episodes that were in negotiations to be filmed here and the jobs and revenue that comes with them. But the state got some good news when the......

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Illustration: Will the Fed's rate cut come up lame?

8:21 AM Wed, Jan 23, 2008 | | Comments (1)
By Andrea Panciera    Email

Journal illustrator Frank Gerardi seized the moment yesterday to blend the potential impact of the Federal Reserve's interest rate cut with a papparazzi's photo of Patriots QB Tom Brady in a walking boot on Monday. Click here to see......

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Washington Trust reports decline in profits

8:04 AM Wed, Jan 23, 2008 | | Write a comment
By John Kostrzewa    Email

After the close of trading on Wall Street yesterday, Washington Trust Bancorp said loan losses and economic conditions caused reduced fourth quarter earnings. The parent of The Washington Trust Co., based in Westerly, reported net income of $5.8 million, or......

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