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May 2008 Archives
3:56 PM Fri, May 30, 2008 | Permalink |
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By John Kostrzewa  Email
John Fitzpatrick attended his first World Trade Day conference at Bryant University last year, not certain what to expect. Yesterday, he was honored at the university’s 23rd annual world trade conference for making so much of last year’s visit –......
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12:43 PM Fri, May 30, 2008 | Permalink |
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By Andrea Panciera Email
Journal photos / Bill Murphy Former CVS executives John "Jack" Kramer, above, and Carlos Ortiz, below, leave U.S. District Court after having been found not guilty on all charges against them. PROVIDENCE -- Former CVS executives John R. "Jack"......
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12:56 PM Thu, May 29, 2008 | Permalink |
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By John Kostrzewa Email
The Dunkin’ Donuts Center in downtown Providence will close Friday night after its last concert to begin the third phase of a renovation directed by the Rhode Island Convention Center Authority, the building’s owner. The three-year phased renovation is on......
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12:30 PM Thu, May 29, 2008 | Permalink |
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By Jack Perry Email
Journal file photo The Arcade building in downtown Providence, the oldest indoor shopping mall in the country, will undergo an $8-million renovation, according to owner Granoff Associates. The building's tenants, primarily lunch counters and retail shops, will have to......
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9:35 AM Thu, May 29, 2008 | Permalink |
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By John Kostrzewa Email
Thirteen states, including Rhode Island, are challenging the U.S. Environmental Protection Agency’s refusal to adopt stronger ozone standards urged by its own scientists. - The public interest law firm Earthjustice filed the lawsuit on behalf of the states, two cities......
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9:28 AM Thu, May 29, 2008 | Permalink |
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By John Kostrzewa Email
Three Rhode Island research and development companies are scheduled for a visit today by U.S. Rep. Jim Langevin. “We are lucky to have these Rhode Island companies taking risks to develop new ideas and products, because often their innovations have......
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6:57 PM Wed, May 28, 2008 | Permalink |
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By Andrea Panciera Email
CANTON, Mass. -- Dunkin' Donuts has canceled an online advertisement featuring celebrity chef Rachael Ray after complaints that a scarf she wore in the ad offers symbolic support for terrorism. Dunkin' Donuts said today it pulled the ad over the......
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4:58 PM Wed, May 28, 2008 | Permalink |
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By John Kostrzewa Email
Journal photo / Mary Murphy The door opens today from the front porch of 216 Garden St. to the Residences at Garden Street, formerly the site of the McAloon-Kelly Funeral Home. Public officials and representatives of the state Housing......
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4:20 PM Wed, May 28, 2008 | Permalink |
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By Neil Downing Email
The Internal Revenue Service says that about 301,000 federal income-tax returns have been filed electronically from Rhode Island so far this year, up from about 265,000 at the same point last year, an increase of about 14 percent. The number......
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12:48 PM Wed, May 28, 2008 | Permalink |
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By John Kostrzewa Email
Amgen Inc., the biotechnology company that runs a plant in West Greenwich, said its experimental drug denosumab was more effective than Merck & Co.'s Fosamax at improving women's bone density in a study. Denosumab, a twice-yearly injection, increased bone density......
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12:14 PM Wed, May 28, 2008 | Permalink |
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By John Kostrzewa Email
Providence-based Textron Inc. said this morning that its Cessna Aircraft Co. unit garnered 88 new plane orders valued at about $750 million at an aviation exhibition in Geneva. The orders at last week's European Business Aviation Convention & Exhibition included......
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9:06 AM Wed, May 28, 2008 | Permalink |
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By John Kostrzewa Email
The Nasdaq Stock market said it will delist the common stock of Providence-based Nestor. The stock (NEST:OTC-BB) will continue to trade on the over the counter bulletin board. Nasdaq said it suspended trading in Nestor's stock on its exchnage on......
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5:03 PM Tue, May 27, 2008 | Permalink |
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By Andrea Panciera Email
CLEVELAND -- Rhode Island-based lottery giant GTECH Corp. is challenging the accuracy and fairness of the Ohio lottery's decision to award that business to another company. GTECH today sent a letter of protest to Ohio Lottery Executive Director Michael Dolan......
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4:52 PM Tue, May 27, 2008 | Permalink |
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By Paul Grimaldi Email
The chairman and chief executive officer of Bancorp Rhode Island each received at least 63 percent of the shares voted during last week’s annual meeting as they once again survived a challenge by dissident investors, according to a statement released......
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2:25 PM Tue, May 27, 2008 | Permalink |
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By John Kostrzewa Email
Atrion Networking Corp. said today it has acquired interactive multimedia company, Shazamm, allowing it to offer customized technical and aesthetic client business solutions. Terms were not disclosed. Shazamm specializes in detailed Web, print and multi-media communications and marketing solutions, with......
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12:11 PM Tue, May 27, 2008 | Permalink |
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By Paul Grimaldi Email
Brian Goldner got a 25-percent pay raise with his promotion last week to chief executive officer of toymaker Hasbro Inc., the Pawtucket company said in a regulatory filing this morning. On May 22, Goldner officially replaced Alfred J. Verrecchia as......
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11:42 AM Tue, May 27, 2008 | Permalink |
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By John Kostrzewa Email
Neal McNamara was named this morning as Office Managing Partner of Nixon Peabody LLP’s Providence office. He succeeds Stephen D. Zubiago, who has been appointed leader of the firm’s health services practice. A partner in the firm’s labor and employment......
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10:09 AM Tue, May 27, 2008 | Permalink |
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By John Kostrzewa Email
The establishment of the Randolph Savings Peter T. Pastore, Jr. Charitable Foundation was announced this morning in honor of Peter T. Pastore, Jr., former executive vice president of the bank who passed away in 2006. The foundation will provide financial......
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9:16 AM Tue, May 27, 2008 | Permalink |
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By John Kostrzewa Email
Andera, a Providence-based financial technology firms, this morning won an additional $350,000 in funding from the Slater Technology Fund. Slater’s newest funding brings its total investment in the company to $750,000 and will help further Andera’s growth as it expands......
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4:05 PM Fri, May 23, 2008 | Permalink |
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By Tim Barmann Email
Just as consumers are facing higher food and gasoline costs, it appears that Rhode Islanders are about to get hit with significant increases in their electricity and natural gas bills. National Grid this afternoon has proposed raising electricity rates by......
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7:13 PM Thu, May 22, 2008 | Permalink |
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By Andrea Panciera Email
Journal photo / Bill Murphy Hasbro Chairman Alan G. Hassenfeld, hugs Alfred Verrechia, retiring CEO of Hasbro during the company's annual meeting, where Hassenfeld presented Verrecchia with a Star Wars lightsaber as a symbolic passing of the torch. PAWTUCKET......
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12:42 PM Thu, May 22, 2008 | Permalink |
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By Tim Barmann Email
Weaver's Cove LNG will pursue its plan to build a liquefied natural gas terminal in Fall River despite the denial of its appeal of a U.S. Coast Guard decision that foils its plans. Weaver's Cove had challenged a finding last......
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8:25 AM Thu, May 22, 2008 | Permalink |
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By John Kostrzewa Email
Deborah R. Jacobson has been elected chairwoman of Blue Cross & Blue Shield of Rhode Island by the health insurance company’s board of directors. Jacobson joined Blue Cross’ board in September 2002. She was elected secretary in 2004, and vice......
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8:23 AM Thu, May 22, 2008 | Permalink |
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By John Kostrzewa Email
The United States Supreme Court ruling that upheld the right of states to tax interest on out-of-state municipal bonds while exempting their own bond interest from taxation was applauded by managers of the Narragansett Insured Tax-Free Income Fund. “This ruling......
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11:49 AM Wed, May 21, 2008 | Permalink |
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By Andrea Panciera Email
We’ve heard about sustainable farming and sustainable building; ways to use resources efficiently without depleting them. There’s another sustainable market waiting to be tapped: sustainable tourism. The Blackstone Valley Tourism Council’s Sustainable Tourism Planning and Development Laboratory is hosting a......
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10:47 AM Wed, May 21, 2008 | Permalink |
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By John Kostrzewa Email
Bancorp Rhode Island (BARI:Nasdaq) said this morning that based on an estimate of the votes cast at the company's annual meeting, the company believes shareholders have voted to elect all of the board of directors' nominees. The directors' nominees faced......
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8:49 AM Wed, May 21, 2008 | Permalink |
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By John Kostrzewa Email
Passenger traffic at T.F. Green Airport declined in April and during the first four months of 2008, compared to similar periods last year, according to statistics released today by the Rhode Island Airport Corporation. There were 412,471 passengers at Green......
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5:21 PM Tue, May 20, 2008 | Permalink |
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By Paul Grimaldi Email
As Rhode Island legislators grapple with a budget deficit estimated at $440 million, people representing various constituencies have besieged the State House in recent weeks to lobby for money in next year’s finance plan. Advocates for the state’s arts and......
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4:55 PM Tue, May 20, 2008 | Permalink |
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By John Kostrzewa Email
Astro-Med Inc., based in West Warwick, today reported first quarter net income of $897,000, or 12 cents per diluted share, compared with $522,000, or 7 cents per diluted share, in the year ago period. Sales were $18.7 million, up from......
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2:40 PM Tue, May 20, 2008 | Permalink |
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By Tim Barmann Email
State regulators have given Verizon Communications the second of three approvals the company needs before it can begin providing cable TV service to 115,000 households in 10 more Rhode Island communities. The Division of Public Utilities and Carriers yesterday granted......
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1:04 PM Tue, May 20, 2008 | Permalink |
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By Tim Barmann Email
Verizon Communications plans to institute a late payment charge for its residential telephone customers in Rhode Island. Under the proposed policy, a residential customer would have 30 calendar days from the date of receiving the bill to pay the bill......
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11:31 AM Tue, May 20, 2008 | Permalink |
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By John Kostrzewa Email
Rhode Island's Chinese community has has raised $20,000 for a relief fund in response to the earthquake in Southwest China and has set a goal of raising $200,000. The funds raised will go to the China Red Cross. Contributions can......
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2:45 PM Mon, May 19, 2008 | Permalink |
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By John Kostrzewa Email
Northland Investment Corp. said yesterday that one of its funds, the Northland Fund III LP, has acquired Northgate Apartments, a 179-unit apartment community located in Middletown, marking Northland’s entry into Rhode Island. The price was not disclosed. Northgate is comprised......
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9:22 AM Mon, May 19, 2008 | Permalink |
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By John Kostrzewa Email
Standard & Poor’s Ratings Services has revised the outlook on the general obligation bonds issued by East Providence to negative from stable. Standard & Poor’s also affirmed the ’A-’ underlying rating on the debt. "The outlook revision was based on......
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9:16 AM Mon, May 19, 2008 | Permalink |
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By John Kostrzewa Email
Rhode Island will receive $1.2 million in federal infrastructure grants from the U.S. Dept. of Homeland Security to strengthen security at ports and enhance transit, trucking and intercity bus systems. The Infrastructure Protection Activities funds will be used to prevent,......
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9:08 AM Mon, May 19, 2008 | Permalink |
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By John Kostrzewa Email
Public officials are scheduled today to tour the Broad Street corridor through Pawtucket, Central Falls and Cumberland to review efforts to revitalize the area. The three-hour tour is designed to expose and analyze the three communities' resources, sites and the......
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2:34 PM Fri, May 16, 2008 | Permalink |
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By Lynn Arditi Email
Honeywell International Inc. has purchased Norcross Safety Products, LLC, parent of the Cranston-based manufacturer North Safety Products, for approximately $1.2 billion, the companies announced today. Norcross, based in Oak Brook, IL, is a leading manufacturer of personal protective equipment used......
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2:16 PM Fri, May 16, 2008 | Permalink |
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By Paul Edward Parker Email
The Superior Court judge hearing challenges to permits issued for FM Global's new headquarters in Johnston took no action in the case when he met this morning with lawyers for the town of Johnston, FM Global and CapLease. CapLease, FM......
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11:45 AM Fri, May 16, 2008 | Permalink |
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By Paul Grimaldi Email
The management at Providence-based Bancorp Rhode Island, the parent of Bank Rhode Island, said this morning that for the third time this month they've earned another positive review from a national investment advisory firm. The latest review comes as the......
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7:01 AM Fri, May 16, 2008 | Permalink |
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By John Kostrzewa Email
Public officials and representatives from First National Development Inc. will gather this afternoon at the former Union Wadding Co., 125 Goff Avenue, Pawtucket, to call attention to the completion of the first phase of the planned transformation for the former......
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2:31 PM Thu, May 15, 2008 | Permalink |
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By Paul Edward Parker Email
The Johnston Zoning Board of Appeal has rejected four challenges to permits and approvals for a new headquarters being built by insurance company FM Global. The votes on four separate appeals were 4 to 0, with one abstention, according to......
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12:34 PM Thu, May 15, 2008 | Permalink |
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By Tim Barmann Email
Governor Carcieri's office has extended the deadline for developers to submit proposals to the state to build a massive offshore wind farm that would rival the Cape Wind project in Nantucket Sound. The new deadline is May 30, according to......
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9:53 AM Thu, May 15, 2008 | Permalink |
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By Lynn Arditi Email
Rhode Island Housing's board of directors this morning approved spending $250,000 for four community developments aimed at preserving open space and minimizing resource use. The "KeepSpace" proposals chosen for the funding are in Westerly, Pawtucket/Central Falls, Cranston and Providence's......
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8:55 AM Thu, May 15, 2008 | Permalink |
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By John Kostrzewa Email
Providence and Worcester Railroad Company (PWX:NASDAQ) yesterday reported a first-quarter loss of $922,000, or 19 cents a share, compared to a net loss of $1.2 million, or 26 cents a share in last year's first quarter. Operating revenues increased $811,000,......
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8:51 AM Thu, May 15, 2008 | Permalink |
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By John Kostrzewa Email
Davol Inc., a subsidiary of C.R. Bard Inc., has completed its relocation from its current location in Cranston to a new divisional headquarters at 100 Crossings Boulevard in Warwick. The new facility will house Davol’s 200 employees working in research......
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4:02 PM Wed, May 14, 2008 | Permalink |
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By Paul Edward Parker Email
A Superior Court judge has ruled that insurance company FM Global can finish the foundation on its new headquarters in Johnston but it cannot do any other work on the project until he reviews permits issued by the town. Judge......
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8:48 AM Wed, May 14, 2008 | Permalink |
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By John Kostrzewa Email
Pawtucket-based Hasbro, Inc. (HAS:NYSE) this morning said it has reacquired for $7 million the worldwide distribution rights to the Sunbow Library of Hasbro Classics programming from TV-Loonland, which held the rights to license the content. Under the terms of the......
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8:39 AM Wed, May 14, 2008 | Permalink |
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By John Kostrzewa Email
The Dutch Harbor Boat Yard has been put up for sale after the new owners ran into trouble with one of its lenders three years after buying the Jamestown marina. The Providence County Superior Court has ordered the company’s business,......
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3:36 PM Tue, May 13, 2008 | Permalink |
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By John Kostrzewa Email
Astro-Med Inc. (ALOT:Nasdaq) said today that sales for the first quarter that ended May 3 are anticipated to increase about 14 percent from the comparable period a year ago. The company also expects to report earnings per diluted share of......
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10:06 AM Tue, May 13, 2008 | Permalink |
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By John Kostrzewa Email
The Ohio Lottery said it wants to replace GTECH, the Providence-based vendor that has operated the lottery’s gaming system since 1985. The lottery said that it wants Intralot to replace GTECH Corp. in July 2009. The contract will go before......
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8:57 AM Tue, May 13, 2008 | Permalink |
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By Paul Grimaldi Email
Pawtucket-based toymaker Hasbro Inc. (HAS:NYSE) has appointed a movie business veteran to serve as its liaison to the motion picture industry. Hasbro said yesterday it hired Bennett Schneir, who most recently served as an underling to noted filmmaker Robert Zemeckis,......
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8:14 AM Tue, May 13, 2008 | Permalink |
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By John Kostrzewa Email
RSC Holdings Inc.. based in Scottsdale, Arizona, said this morning it has agreed to acquire the operations and certain assets of American Equipment Rentals, based in Providence. Terms were not disclosed. America provides aerial equipment, forklifts and other rental equipment......
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8:01 AM Tue, May 13, 2008 | Permalink |
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By John Kostrzewa Email
The Current Conditions Index, a measure of the strength of Rhode Island’s economy, showed a severe contraction in March for the third month in a row. “The year 2008 continues to be a nightmare for Rhode Island’s economy,” said Leonard......
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5:26 PM Mon, May 12, 2008 | Permalink |
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By Andrea Panciera Email
BOSTON -- A former hedge fund manager from Waltham and his investment business have agreed to pay more than $1 million to settle an insider trading case. The Securities and Exchange Commission announced today it has resolved its civil case......
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10:11 AM Mon, May 12, 2008 | Permalink |
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By John Kostrzewa Email
Gasoline prices in Rhode Island jumped 13 cents in the last week, setting another record high. The average price yesterday was $3.739 a gallon, according to a survey by the Rhode Island Office of Energy Resources. The prices ranged from......
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9:25 AM Mon, May 12, 2008 | Permalink |
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By John Kostrzewa Email
Amgen Inc., the biotech drugmaker that runs a plant that manufactures Enbrel in West Greenwich, spent $2.5 million lobbying the federal government in the first quarter of 2008. Amgen lobbied on legislation that would allow the Food and Drug Administration......
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8:46 AM Mon, May 12, 2008 | Permalink |
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By John Kostrzewa Email
Wal-Mart Stores Inc. and Hasbro Inc., which rely on Americans' disposable income, surged more than 15 percent in New York Stock Exchange trading since mid-January even as billionaire Warren Buffett said the U.S. economy is contracting and Harvard University economist......
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8:41 AM Mon, May 12, 2008 | Permalink |
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By John Kostrzewa Email
Sovereign Bancorp Inc., the Pennsylvania-based savings and loan that is one of the biggest banks in Rhode Island, plans to raise about $1.5 billion in capital as the company tries to rebound from losses in 2007. The lender will sell......
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8:27 AM Mon, May 12, 2008 | Permalink |
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By John Kostrzewa Email
Brown University is among the Ivy League schools that are targeted as sites for a new type of magazine, social networking and event sponsorship site. Manhattan Media announced the plan after buying 02138, the magazine for Harvard University alumni from......
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4:59 PM Thu, May 08, 2008 | Permalink |
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By Tim Barmann Email
SOUTH KINGSTOWN –– After looking into other possible locations for the company’s headquarters, American Power Conversion has decided there’s no place like home. Laurent Vernerey, APC’s president and chief executive officer, announced today that the $3.5 billion company will keep......
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2:52 PM Thu, May 08, 2008 | Permalink |
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By Paul Grimaldi Email
The management at Providence-based Bancorp Rhode Island, the parent of Bank Rhode Island, today earned another positive review from a national investment advisory firm. The latest review comes as the bank fights off a pair of dissident shareholders intent on......
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12:57 PM Thu, May 08, 2008 | Permalink |
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By Tim Barmann Email
SOUTH KINGSTOWN - Governor Carcieri said this morning that his staff is meeting with a group, the Rhode Island Alliance for Clean Energy, to listen to their concerns about a proposed wind farm off the shore of Rhode Island. The......
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11:39 AM Thu, May 08, 2008 | Permalink |
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By Jack Perry Email
Lawyers for CapLease, the town of Johnston, and FM Global clashed this morning in Superior Court. CapLease, which owns FM Global's existing headquarters, is pursuing a temporary restraining order to halt all construction at the site of FM Global’s new......
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8:35 AM Thu, May 08, 2008 | Permalink |
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By John Kostrzewa Email
Aldi, a Germany-based chain, opens its second market in Rhode Island today at 1138 Pontiac Ave., in Cranston. Aldi opened its first Rhode Island store in March at 444 Quaker Lane in Warwick. Aldi is smaller than a typical supermarket......
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8:29 AM Thu, May 08, 2008 | Permalink |
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By John Kostrzewa Email
Joseph J. MarcAurele, president of Citizens Bank, Rhode Island, is scheduled to receive the 2008 National Jewish Medical and Research Center Rhode Island Humanitarian Award at a luncheon today at the Westin in Providence. Local allergist and former National Jewish......
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3:57 PM Wed, May 07, 2008 | Permalink |
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By Christine Dunn Email
An online reserve auction of 46 foreclosed homes in Rhode Island is under way and will conclude with a reserve auction at the Hilton Providence Hotel, 21 Atwells Ave., in Providence on Tuesday, May 18. The auction is being conducted......
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2:33 PM Wed, May 07, 2008 | Permalink |
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By Tim Barmann Email
Verizon Communications has told state regulators that it will raise the rates of many of its optional calling features, such as caller ID and call waiting, as of June 1. The increases apply only to residential customers in Rhode Island.......
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11:08 AM Wed, May 07, 2008 | Permalink |
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By John Kostrzewa Email
Susan Lisovicz, CNN correspondent for financial news, told about 100 people at Business Expo in Providence this morning that the national economy should perform better in the second half of the year than the first. "But that's not saying much,"......
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10:34 AM Wed, May 07, 2008 | Permalink |
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By Paul Grimaldi Email
Journal photo/ Bill Murphy CVS Chairman Tom Ryan at the annual shareholders meeting. Shareholders gathered this morning for CVS Caremark Corp.'s annual meeting narrowly rejected a proposal that would have limited the use of "gross-up" payments to senior executives.......
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9:55 AM Wed, May 07, 2008 | Permalink |
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By Jack Perry Email
PROVIDENCE -- From expert advice on decorating your home office to dining etiquette for the busy professional to fine tuning your résumé, several free seminars will be conducted today at The Providence Journal’s booth (#617) at the Business Expo, the......
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7:59 AM Wed, May 07, 2008 | Permalink |
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By John Kostrzewa Email
The Federal Aviation Administration has awarded $1.6 million to the Rhode Island Airport Corporation to help fund projects at two state airports. North Central Airport in Pawtucket will receive $860, 000 to support two ongoing projects. About $560,000 of the......
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12:11 PM Tue, May 06, 2008 | Permalink |
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By Jack Perry Email
PROVIDENCE -- Free, expert business advice. That’s what you’ll get when you visit The Providence Journal’s booth at this year’s Business Expo, today and tomorrow, at the Rhode Island Convention Center, downtown Providence. From how to finance a small business......
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10:04 AM Tue, May 06, 2008 | Permalink |
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By Paul Grimaldi Email
The management at Providence-based Bancorp Rhode Island, the parent of Bank Rhode Island, this week received a positive review from a national investment advisory firm. The review comes as the bank fights off a pair of dissident shareholders intent on......
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9:34 AM Tue, May 06, 2008 | Permalink |
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By Paul Grimaldi Email
CVS Caremark Corp. recently purchased two buildings near its Woonsocket headquarters to provide more room for its employees. CVS has been expanding ever since it moved to the Highland Industrial Park, which straddles the Woonsocket-Cumberland border in 1981. Back then,......
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8:19 AM Tue, May 06, 2008 | Permalink |
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By John Kostrzewa Email
A company proposing an offshore wind farm in Buzzards Bay is dropping one of three locations it was considering. Patriots Renewables said it’s no longer proposing a cluster of wind turbines off the Fairhaven shoreline because of the area’s high......
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8:09 AM Tue, May 06, 2008 | Permalink |
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By John Kostrzewa Email
Business leaders and public officials will open the two-day Business Expo 2008 this morning at 9:30 at the Rhode Island Convention Center. John Maeda, incoming president of the Rhode Island School of Design, will deliver a keynote address at 10:30......
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8:04 AM Tue, May 06, 2008 | Permalink |
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By John Kostrzewa Email
Last fall's plankton bloom failed to develop in New England's prime fish breeding and feeding ground of Georges Bank, which could reduce the amount of haddock there. A report from the Northeast Fisheries Science Center said the Georges Bank fall......
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3:25 PM Mon, May 05, 2008 | Permalink |
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By Tim Barmann Email
A group of Aquidneck Island residents have assembled the first organized opposition to Governor Carcieri’s plan to develop a large-scale wind farm off the coast of Rhode Island. The group has an unlikely name –– the Rhode Island Alliance for......
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10:00 AM Mon, May 05, 2008 | Permalink |
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By John Kostrzewa Email
Gasoline prices in Rhode Island inched up another penny yesterday to average $3.609 a gallon, setting another record. A survey of local dealers by the state’s Office of Energy Resources found the prices ranged from $3.549 a gallon to $3.699......
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8:28 AM Mon, May 05, 2008 | Permalink |
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By John Kostrzewa Email
CLARCOR Inc. (CLC:NYSE) said it acquired a 30 percent equity stake in BioProcess Technologies, a Portsmouth, R.I.-based manufacturer of industrial waste water and water reuse filtration systems. CLARCOR also will have the right to acquire additional ownership shares and eventually......
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8:11 AM Mon, May 05, 2008 | Permalink |
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By John Kostrzewa Email
Providence and Worcester Railroad Company (PWX:AMEX) said its directors have approved the decision to transfer the listing of its common stock from the American Stock Exchange to the NASDAQ stock market. Effective May 14, the company will trade under the......
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4:53 PM Fri, May 02, 2008 | Permalink |
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By Tim Barmann Email
A federal appeals court has dismissed a lawsuit filed by LNG developer Weaver’s Cove Energy against the environmental management agencies of Rhode Island and Massachusetts in which the company argued that the agencies were taking too long to evaluate its......
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7:12 AM Fri, May 02, 2008 | Permalink |
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By John Kostrzewa Email
Rhode Island companies and contractors would receive $196 million in defense and military construction funding under a Department of Defense Authorization Bill approved yesterday by the Senate Armed Services Committee. The funds are in addition to the funds proposed under......
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6:58 AM Fri, May 02, 2008 | Permalink |
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By John Kostrzewa Email
Foxwoods employees in five departments voted yesterday to reject a proposal by Local 30 of the International Union of Operating Engineers to represent them in collective bargaining at the casion in Connecticut. The vote by employees in the engineering,......
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11:51 AM Thu, May 01, 2008 | Permalink |
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By John Kostrzewa Email
Brown University and the University of Rhode Island said yesterday they will contribute $25,000 to the next phase of the expansion of the Rhode Island Research Alliance launched in 2006 by The Rhode Island Science and Technology Advisory Council. The......
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11:38 AM Thu, May 01, 2008 | Permalink |
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By Paul Edward Parker Email
Law firm Tillinghast Licht, with roots dating to 1818, announced today that it will wind down business in the next few months, with six key lawyers joining Adler Pollock & Sheehan on May 19. "The decision to close the firm......
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7:40 AM Thu, May 01, 2008 | Permalink |
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By John Kostrzewa Email
Woonsocket-based CVS Caremark Corp., the largest U.S. drugstore chain by number of stores, said first-quarter profit increased after it acquired pharmacy-benefits manager Caremark RX Inc. last year. Net income climbed to $748.5 million, or 51 cents a share, from $408.9......
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7:11 AM Thu, May 01, 2008 | Permalink |
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By John Kostrzewa Email
Condo Enterprises LLC, of Cranston, co-owned by Douglas Guilbert, of North Smithfield, and Richard Paris, of Smithfield, plan to launch today a new magazine called Condo Owner Monthly for Rhode Island condo owners. The magazine is designed to report the......
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