Projo Biz Blog

February 18, 2008 Archives


London-based firm buys Oyster Marine

2:55 PM Mon, Feb 18, 2008 | | Write a comment
By John Kostrzewa    Email

Balmoral Capital Ltd., a private equity fund, said yesterday it acquired yacht builder Oyster Marine Ltd. for an undisclosed amount. Richard Matthews, Oyster’s chairman and chief executive officer, will retain his posts, according to Balmoral. Oyster, with offices in Ipswich,......

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Passenger traffic at Green drops again

11:39 AM Mon, Feb 18, 2008 | | Comments (2)
By Benjamin N. Gedan    Email

Journal archive photo / Glenn Osmundson Kevin Dillon, the new head of T.F. Green Airport, starts next Monday. Passenger traffic at T.F. Green Airport dropped again last month, when the airport recorded its lowest January total since 2004. For......

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Reed touring North East Knitting

10:23 AM Mon, Feb 18, 2008 | | Write a comment
By Benjamin N. Gedan    Email

U.S. Sen. Jack Reed tomorrow will tour North East Knitting, a Pawtucket-based defense contractor, Reed's office announced. This year's defense budget included $1.6 million to help the company invest in "data collection, field testing, base medical algorithm development and......

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Clear Channel sues Providence Equity over TV deal

8:14 AM Mon, Feb 18, 2008 | | Write a comment
By John Kostrzewa    Email

Providence-based Providence Equity Partners said it was “surprised and disappointed” by a lawsuit filed by Clear Channel Communications to force the private-equity firm to close a purchase of Clear Channel's television stations. Clear Channel said in the lawsuit that Providence......

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Cessna wins $17 million in plane orders in Asia

8:10 AM Mon, Feb 18, 2008 | | Write a comment
By John Kostrzewa    Email

Cessna, the biggest unit of Providence-based Textron with $5 billion in sales last year, said this morning it won two orders valued at $17 million for 26 propeller-driven aircraft for Indonesian charter airline Susi Air and Indian flight school operator......

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