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February 7, 2008 Archives

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RI manufacturer sold to out-of-state investors

3:16 PM Thu, Feb 07, 2008 | | Write a comment
By John Kostrzewa    Email

Three out-of-state investors have acquired P&C Precision Company, a longtime manufacturer in Esmond, with the help of a $500,000 loan from the Rhode Island Economic Development Corporation. The investment group, PSP LLC, bought P&C, a supplier of screw machine parts......

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House panel heads to Newport to hear gambling bills

2:00 PM Thu, Feb 07, 2008 | | Write a comment
By Benjamin N. Gedan    Email

NEWPORT -- The House Finance Committee decamps to the City by the Sea today to hold hearings on bills dealing with proposed 24-hour gambling at Newport Grand and Twin River in Lincoln. The committee is scheduled to meet in Newport's......

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Hasbro boosts dividend, expands stock buyback

1:22 PM Thu, Feb 07, 2008 | | Write a comment
By John Kostrzewa    Email

Hasbro Inc. said today its directors have declared a quarterly cash dividend of 20 cents per common share, an increase of four cents, or 25 percent, from its previous quarterly dividend of 16 cents a common share. The dividend is......

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New theater owner seeks meeting with Feinstein

1:01 PM Thu, Feb 07, 2008 | | Write a comment
By Andy Smith    Email

National Amusements, Inc., which has purchased the Feinstein Imax Theatre at the Providence Place mall from the Imax Corp., said it hopes to meet shortly with Cranston philanthropist Alan Shawn Feinstein "to discuss common matters relating to the Imax Theatre."......

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Bank Rhode Island faces new fight with investors

12:40 PM Thu, Feb 07, 2008 | | Write a comment
By Paul Grimaldi    Email

A pair of dissident investors this week resumed their fight with the management of Bank Rhode Island and will once again try to force a sale of the Providence bank. The two men who lead PL Capital LLC, an Illinois......

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Download TurboTax Deluxe for free

11:27 AM Thu, Feb 07, 2008 | | Comments (2)
By Tim Barmann    Email

Here's a nice deal just in time for the tax season. Intuit is offering its TurboTax Deluxe as a free download. The software guides you through preparing your income tax return by asking a series of questions in plain English.......

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Portsmouth housing complex sold

8:16 AM Thu, Feb 07, 2008 | | Write a comment
By John Kostrzewa    Email

Rainbow Heights, a housing complex in Portsmouth, was sold by Northeast Housing LLC to Arbour Development Group, which plans to renovate the property. The price was not disclosed. The property, off Bradford Avenue, includes 10 duplexes on 6.95 acres and......

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KVH reports profits, forecasts for 2008

8:10 AM Thu, Feb 07, 2008 | | Write a comment
By John Kostrzewa    Email

KVH Industries, of Middletown, this morning reported fourth quarter net income of $1 million, or six cents per diluted share, compared with $100,000, or one cent per share in the year-ago period. Revenues were $19.7 million, up 13 percent from......

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