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February 27, 2008 Archives

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EPA fines four RI companies for failing to report chemicals

4:05 PM Wed, Feb 27, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The U.S. Environmental Protection Agency has fined four Rhode Island companies for failing to submit chemical inventory reports listing chemicals present at their facilities. The local firms -- Geib Refining Corp., National Chain Co. and Technodic Inc., all of Warwick,......

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Boston gives reprieves to 57 bars without sprinklers

3:17 PM Wed, Feb 27, 2008 | | Write a comment
By John Kostrzewa    Email

Dozens of bars and nightclubs in Boston are being given more time to comply with state regulations requiring fire sprinklers. The fire department had warned owners of these establishments in November that if they did not install sprinklers within two......

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Textron appoints new board member

2:58 PM Wed, Feb 27, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Textron Inc. (TXT:NYSE) announced today that Lloyd G. Trotter has been elected to its board of directors. His tenure begins on March 1. Trotter is the former vice chairman of GE and the former president and chief executive officer of......

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Providence's future is 'Around the Corner'

2:38 PM Wed, Feb 27, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo/Connie Grosch Developer Arnold B. Chace. Tax credits for developers who rehab historic buildings played a key role in the rebirth of Downcity, according to a New York Times story about developer Arnold B. Chace and the......

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Textron declares dividend

2:33 PM Wed, Feb 27, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Providence-based Textron Inc. declared a quarterly dividend today of $0.23 per share on the company's common stock. The board of directors (TXT:NYSE) said the dividends will be paid on April 1, to holders of record at the close of business......

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National Grid plans major transmission line upgrades

1:05 PM Wed, Feb 27, 2008 | | Write a comment
By Tim Barmann    Email

Source: National Grid The Rhode Island Reliability Project involves adding a new transmission line along National Grid's existing right-of-way corridor that runs between North Smithfield and Warwick. Source: National Grid The Interstate Reliability Project will add a new transmission......

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Providence tourism agency teams up with Baton Rouge, La.

11:54 AM Wed, Feb 27, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Looking for an edge in the cutthroat competition for convention business, Providence is teaming up with three distant cities in a new promotional campaign. At industry conferences, members of the so-called Capital Cities Collection -- Providence, Baton Rouge, La.,......

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Tourism boosters defending Newport ferry

10:21 AM Wed, Feb 27, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo / Sandor Bodo RIPTA may soon shut down the Newport ferry. PROVIDENCE -- Tourism officials are leaping to the defense of the Newport ferry, which the Rhode Island Public Transit Authority may soon shut down in......

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Hasbro names new director

8:10 AM Wed, Feb 27, 2008 | | Write a comment
By John Kostrzewa    Email

Pawtucket-based Hasbro Inc. (NYSE:HAS) said this morning that Kenneth A. Bronfin, president of Hearst Interactive Media, has been elected to the board of directors effective March 1, 2008. "Ken Bronfin is a highly respected business leader with 22 years......

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LIN TV reports profits up, revenues down

8:04 AM Wed, Feb 27, 2008 | | Write a comment
By John Kostrzewa    Email

Providence-based LIN TV Corp., owner of WPRI-Channel 12, this morning reported fourth quater profits of $27.7 million, or 54 cents a share, compared with net income of $10.3 million, or 21 cents a share, in the year-earlier period. Net revenues......

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Reed probes SEC response to subprime crisis

7:56 AM Wed, Feb 27, 2008 | | Write a comment
By John Kostrzewa    Email

U.S. Sen. Jack Reed, D-RI, is pressing the U.S. Securities and Exchange Commission over its response to the subprime mortgage crisis, saying companies may have had too much leeway to conceal potential losses from complex financial transactions. Although Congress ordered......

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