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January 31, 2008 Archives

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The Paragon leaving Westerly, laying off 119

3:30 PM Thu, Jan 31, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo / Gretchen Ertl A Paragon employee last summer prepares for the annual warehouse sale. The facility, in Westerly, is closing in March. The Paragon, a Westerly mail-order firm that has operated since 1972, is closing its......

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Belo's Decherd predicts pace of decline in newspaper revenue will slow

1:51 PM Thu, Jan 31, 2008 | | Write a comment
By Andrea Panciera    Email

The decline in Belo Corp.'s newspaper revenue accelerated in the last three months of 2007, but the pace of the decline will slow this year, chairman and chief executive Robert W. Decherd said yesterday in New York. Newspaper revenue fell......

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Local Food Forum planned

1:29 PM Thu, Jan 31, 2008 | | Comments (1)
By Benjamin N. Gedan    Email

Farmers from Simmons Farm, in Middletown, are participating in this year's Local Food Forum. Farm Fresh Rhode Island is hosting the 4th Annual Local Food Forum next Tuesday, Feb. 5, to discuss ways to expand access to locally grown......

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Lead paint companies to file arguments in appeal

12:18 PM Thu, Jan 31, 2008 | | Write a comment
By Benjamin N. Gedan    Email

PROVIDENCE -- Three former lead paint makers plan to file their arguments in an appeals case potentially worth billions of dollars. The companies -- Sherwin-Williams, NL Industries and Millennium Holdings -- lost a landmark public nuisance lawsuit two years ago......

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Finance Committee to debate historic tax credits

12:12 PM Thu, Jan 31, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The House Finance Committee is holding a hearing next Tuesday, Feb. 5, into the controversial historic tax credit program. The program has resulted in dozens of mill conversions throughout the state that have turned long vacant buildings into luxury condominiums,......

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Raytheon profit up 84%

12:00 PM Thu, Jan 31, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Raytheon Co., the world's largest missile maker, said fourth-quarter profit rose 84 percent, lifted by higher sales of combat systems and a tax gain, the Bloomberg news agency reported. The strong fourth quarter resulted in $21.3 billion in total sales......

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Fourth quarter profits almost double at CVS

7:52 AM Thu, Jan 31, 2008 | | Write a comment
By John Kostrzewa    Email

Woonsocket-based CVS Caremark Corp. reported this morning that fourth quarter profits were $815 million, or 55 cents a share, almost double the $417.2 million, or 49 cents a share, in the year-earlier period. Last year, CVS completed a $27 billion......

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Bill filed in RI to end foreclosure blight

7:46 AM Thu, Jan 31, 2008 | | Comments (1)
By John Kostrzewa    Email

House Speaker Tempore Charlene M. Lima, D-Cranston, has submitted legislation to require that any foreclosed property in Rhode island be maintained in a condition that will not adversely affect the neighborhood in which it’s located. “Foreclosed property that is neglected......

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