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April 1, 2008 Archives

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National Grid proposes 5.1 percent increase in gas rates

4:13 PM Tue, Apr 01, 2008 | | Comments (2)
By Tim Barmann    Email

National Grid has proposed a major restructuring of its distribution rates in Rhode Island that would allow the utility company to speed up replacement of aging gas lines, create a discount for low-income customers, and protect the company from revenue......

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Reed ask review of SEC enforcement actions

11:06 AM Tue, Apr 01, 2008 | | Write a comment
By John Kostrzewa    Email

Two U.S. senators want government watchdogs to review the Securities and Exchange Commission's aggressiveness in fighting fraud after fines against companies and individuals plunged. U.S. Sen. Jack Reed, D-RI, said in a speech this morning that he and Senate Banking......

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Owner of Channel 10 sells newsprint company

10:33 AM Tue, Apr 01, 2008 | | Write a comment
By John Kostrzewa    Email

Media General, owner of WJAR-Channel 10, along with its two other equal partners in SP Newsprint Company, Cox Enterprises, Inc. and The McClatchy Company, has completed the sale of SP Newsprint to White Birch Paper Company. Media General (MEG:NYSE) received......

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Webster places ATMS at Walgreens

10:27 AM Tue, Apr 01, 2008 | | Write a comment
By John Kostrzewa    Email

Webster Bank, a subsidiary of Webster Financial Corp. (WBS:NYSE) has completed the placement of 140 ATMS in select Walgreens drugstores in Rhode Island, Massachusetts and Connecticut. Webster customers will have surcharge-free use of the ATMs for cash withdrawals, inquiries and......

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News director hired at WLNE-TV, ABC 6

9:10 AM Tue, Apr 01, 2008 | | Write a comment
By John Kostrzewa    Email

B.J. Finnell has been hired as news director of WLNE-TV, ABC6 and will join the station on May 5, the company said this morning. Finnell is currently the assistant news director at WOIO-TV in Cleveland, Ohio. Previously, Finnel was news......

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Dismal first quarter for stocks, mutual funds

8:26 AM Tue, Apr 01, 2008 | | Write a comment
By John Kostrzewa    Email

Stocks tumbled in the first quarter that ended Monday, with all three major indexes suffering big declines. The Standard & Poor 500 index was off 9.92 percent. The Dow Jones Industrial Average was down 7.55 percent. And the Nasdaq Composite......

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Amgen chief paid $19.9 million in 2007

8:21 AM Tue, Apr 01, 2008 | | Write a comment
By John Kostrzewa    Email

Amgen Inc. paid Chief Executive Officer Kevin W. Sharer $19.9 million in 2007, a 17 percent decline, as reports of health risks from two anemia drugs caused the biotechnology company's stock to plummet. Sharer received $1.55 million in base pay,......

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