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January 24, 2008 Archives

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A retailing story with a twist

2:38 PM Thu, Jan 24, 2008 | | Write a comment
By Paul Grimaldi    Email

Retail chains generally follow a hub-and-spoke model when they enter a new market, opening a sizeable store in a major metro area such as Boston, followed by openings in nearby suburbs in later years. That often means Providence and the......

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High praise for new council on financial education

1:43 PM Thu, Jan 24, 2008 | | Write a comment
By Neil Downing    Email

The new President’s Advisory Council on Financial Literacy should help raise awareness nationwide about the need to improve education about financial matters, according to the Rhode Island JumpStart Coalition and several state officials. “As we strive to increase the personal......

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AARP to offer free tax help to Rhode Islanders

1:16 PM Thu, Jan 24, 2008 | | Write a comment
By Neil Downing    Email

The AARP Tax-Aide program will once again offer free tax preparation service in Rhode Island. The program will start Feb. 1 and run through April 17. The program expects to have more than 150 volunteers staffing 50 sites statewide, including......

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Treasury picks Middletown man for IRS panel

1:00 PM Thu, Jan 24, 2008 | | Write a comment
By Neil Downing    Email

The U.S, Treasury has chosen Robert Jackson of Middletown to serve on the nationwide Taxpayer Advocacy Panel, which provides taxpayer input directly to the IRS. Jackson is one of 98 volunteers from across the country who will serve on the......

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Wal-Mart to enter pharmacy-benefts business

12:10 PM Thu, Jan 24, 2008 | | Comments (2)
By John Kostrzewa    Email

Shares in CVS Caremark Corp., Medco Health Solutions Inc., and Express Scripts Inc., the biggest U.S. managers of pharmacy benefits, slumped this morning after the Wall Street Journal reported that Wal-Mart Stores Inc. will enter the prescription-claims processing business. Shares......

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Bancorp Rhode Island reports reduced profits

11:52 AM Thu, Jan 24, 2008 | | Write a comment
By John Kostrzewa    Email

Providence-based Bancorp Rhode Island this morning reported reduced fourth-quarter net income from the year-ago period and said it plans to nominate five current directors to the banking company’s board at its May annual meeting. Net income was $2.4 million, or......

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Connecticut casino recruiting workers

8:25 AM Thu, Jan 24, 2008 | | Write a comment
By John Kostrzewa    Email

Foxwoods Resort Casino in Connecticut is starting to recruit thousands of workers in anticipation of opening its new MGM Grand casino. Foxwoods will kick off its recruitment campaign Sunday with the launch of a new employment Web site. Opening in......

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Postal Service extends passport application hours

8:16 AM Thu, Jan 24, 2008 | | Write a comment
By John Kostrzewa    Email

The U.S. Postal Service on Saturday will extend hours to accept new U.S. passport applications until 3 p.m. at three offices: 1500 Nooseneck Hill Rd., Coventry; 551 Kingstown Rd., Wakefield; 325 Strawberry Field Rd., Warwick and 110 Tom Harvey Rd.,......

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Textron boosts profits on jet sales

8:11 AM Thu, Jan 24, 2008 | | Comments (2)
By John Kostrzewa    Email

Sales of aircraft, especially business jets, boosted Textron Inc.'s fourth quarter earnings by 31 percent, the Providence-based company reported this morning. Net income climbed to $256 million, or $1 a share, from $195 million, or 76 cents, in the year-earlier......

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