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April 9, 2008 Archives

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FM Global begins construction of headquarters

5:16 PM Wed, Apr 09, 2008 | | Write a comment
By John Kostrzewa    Email

JOHNSTON – With construction of FM Global’s new, four-story headquarters already underway in the background, local, state and company officials this afternoon celebrated the $60 million investment of a 175-year-old Rhode Island company. FM Global, one of the world’s largest......

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Hasbro may put Trivial Pursuit in movies

1:27 PM Wed, Apr 09, 2008 | | Write a comment
By John Kostrzewa    Email

Pawtucket-based Hasbro Inc., the world's second- largest toymaker, may push the Trivial Pursuit board game into the movies. Hasbro acquired the intellectual property rights to Trivial Pursuit for $80 million from Horn Abbot Ltd. last month to expand the brand......

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Congress to consider restoring local authority over LNG terminal placements

10:44 AM Wed, Apr 09, 2008 | | Write a comment
By Tim Barmann    Email

Four U.S. senators have introduced a bill that would repeal portions of a 2005 law that gave overall authority for the siting of liquefied natural gas terminals to the Federal Energy Regulatory Commission. The sponsors, Sens. Ron Wyden, D-Ore., Hillary......

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Textron Systems appoints chief operating officer

9:31 AM Wed, Apr 09, 2008 | | Write a comment
By John Kostrzewa    Email

Textron Systems, a unit of Providence-based Textron Inc., this morning appointed Fred Strader as its chief operating officer. Strader, previously the president of AAI, an operating unit of Textron Systems, will oversee the day-to-day operations of the company's seven operating......

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Cross workers eligible for federal aid

8:13 AM Wed, Apr 09, 2008 | | Write a comment
By John Kostrzewa    Email

A.T. Cross Co. workers who lose their jobs during the next two years will be able to apply for federal assistance, including training and allowance for job search and relocation by the U.S. Office of Trade Adjustment Assistance. The Lincoln-based......

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Architect of CVS-Caremark deal starts new firm

8:07 AM Wed, Apr 09, 2008 | | Write a comment
By John Kostrzewa    Email

Edwin Crawford, the former executive of Caremark Rx Inc. who negotiated with Tom Ryan, CEO of CVS, to sell the pharmacy benefits company for $26.5 billion to the Woonsocket-based drug store chain, is setting up a turnaround firm. Crawford will......

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