Projo Biz Blog

April 7, 2008 Archives


CVS executive announces planned retirement

4:55 PM Mon, Apr 07, 2008 | | Write a comment
By John Kostrzewa    Email

Chris W. Bodine, executive vice president and president, CVS Caremark Health Care Services, has decided for personal reasons to scale back his day-to-day responsibilities and will begin a transition to retirement in 2009, Woonsocket-based CVS Caremark Corp. said in a......

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Convention Center complex loses money, but does better than expected

4:50 PM Mon, Apr 07, 2008 | | Write a comment
By Paul Edward Parker    Email

The Rhode Island Convention Center Authority operated at a loss in the first eight months of its fiscal year, but the loss was less than expected and less than for the same period a year ago, if a one-time payment......

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Internet fraud case to go to grand jury

3:24 PM Mon, Apr 07, 2008 | | Write a comment
By Paul Grimaldi    Email

A suspect in an Internet fraud scheme that bilked customers of $13 million this afternoon waived his right to a preliminary hearing, clearing the way for the case to be presented to a federal grand jury. The suspect, 33-year-old David......

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Brownfield grants awarded in RI

3:19 PM Mon, Apr 07, 2008 | | Write a comment
By John Kostrzewa    Email

Five communities and organizations in Rhode Island have been awarded $1.8 million in Environmental Protection Agency funding from the Brownfield’s program to help revitalize former industrial and commercial sites. The EPA grants will help pay to assess, clean and redevelop......

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Analysis yields savings in state Treasurer's office

3:00 PM Mon, Apr 07, 2008 | | Write a comment
By John Kostrzewa    Email

Renegotiated fees with two financial institutions will result in an annual savings of about $283,000 in the state Treasury. The savings were identified after an analysis of bank statements related to the short term cash management program, which manages the......

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Shaw's recalls wheat cereals

2:54 PM Mon, Apr 07, 2008 | | Write a comment
By John Kostrzewa    Email

Supervalu Inc., the second-biggest U.S. supermarket chain, is recalling puffed-rice and puffed-wheat cereal from its Shaw's stores in six states because of possible salmonella contamination. The recall is of Shaw's Puffed Rice and Shaw's Puffed Wheat cereals, supplied by Malt-O-Meal......

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CVS wins AT&T contract

12:37 PM Mon, Apr 07, 2008 | | Write a comment
By John Kostrzewa    Email

Woonsocket-based CVS Caremark Corp. today said it won a contract to provide pharmacy benefits management services to AT&T's employees and retirees, effective January 1. CVS will provide a comprehensive suite of integrated pharmacy services, including claims processing, network management, rebate......

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Gas prices in RI inch up two cents a gallon

10:56 AM Mon, Apr 07, 2008 | | Write a comment
By John Kostrzewa    Email

Gasoline prices in Rhode Island have increased two cents and are now just three cents below the all-time high, according to a report this morning from AAA Southern New England. The average price for a gallon of regular, unleaded gasoline......

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PBS editor of "Bush's War" at Bryant University

9:02 AM Mon, Apr 07, 2008 | | Write a comment
By John Kostrzewa    Email

The Frontline documentary, "Bush's War" has been one of the most widely-watched online poductions, with more than 1.5 million views for all or part of the program. The four-and-a half hour documentary, originally broadcast on March 24 and 25, was......

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Journal Register struggles to pay debt

8:54 AM Mon, Apr 07, 2008 | | Write a comment
By John Kostrzewa    Email

Journal Register Co., the former owner of several newspapers in Rhode Island, has hired an investment bank, Lazard, to consider restructuring the publicly-traded company and faces delisting from the New York Stock Exchange. The company, based in Yardley, Pa., is......

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