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June 22, 2008 - June 28, 2008 Archives
3:00 PM Fri, Jun 27, 2008 | Permalink |
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By Tim Barmann  Email
The U.S. Department of Commerce today upheld a decision by Massachusetts regulators to deny approval for the liquefied natural gas terminal planned by Weaver's Cove Energy LLC in Fall River. The decision is another blow for company, which has been......
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1:10 PM Fri, Jun 27, 2008 | Permalink |
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By Tim Barmann Email
Federal regulators today approved a request by Weaver's Cove Energy LLC to extend by five years the company's conditional permit to build a liquefied LNG facility in Fall River. The Federal Energy Regulatory Commission approved the extension after one was......
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11:41 AM Fri, Jun 27, 2008 | Permalink |
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By Lynn Arditi Email
Governor Carcieri is scheduled to hold a ceremonial signing at the State House at 3 p.m. today for legislation designed to improve consumer protections against the risks of "reverse" mortgages. Reverse mortgages allow cash-strapped homeowners age 62 or older who......
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11:37 AM Fri, Jun 27, 2008 | Permalink |
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By Paul Grimaldi Email
The tribe that owns the Foxwoods Resort Casino says nearly 200 employees have been laid off. A spokeswoman for the Mashantucket Pequots says the layoffs of middle managers and some hourly employees are part of what she calls a strategic......
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10:58 AM Fri, Jun 27, 2008 | Permalink |
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By Tim Barmann Email
Governor Carcieri has vetoed a key renewable energy bill passed by the General Assembly that was designed to foster private investment in major renewable energy projects and shift the state away from its reliance on traditional fossil fuels. The bill......
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5:13 PM Thu, Jun 26, 2008 | Permalink |
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By Andrea Panciera Email
PROVIDENCE -- Superior Court Judge Michael A. Silverstein approved a petition today from the Landmark Medical Center and appointed an attorney as temporary special master to oversee the financially troubled hospital's operations and consider a potential merger or sale. Jonathan......
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12:17 PM Thu, Jun 26, 2008 | Permalink |
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By Lynn Arditi Email
Rhode Island last month posted the second-highest unemployment rate in the country, after Michigan, according to a report out today by the U.S. Bureau of Labor Statistics. Rhode Island's unemployment rate last month was 7.2 percent; Michigan's rate was 8.5......
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7:48 AM Thu, Jun 26, 2008 | Permalink |
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By John Kostrzewa Email
Rite Aid Corp., the third-biggest U.S. drugstore chain, this morning posted its fourth straight quarterly loss after integrating the 1,800 Brooks and Eckerd locations bought last year. Rite Aid reported a net loss of $156.6 million, or 20 cents a......
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7:45 AM Thu, Jun 26, 2008 | Permalink |
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By John Kostrzewa Email
Manufacturing company Bercen Inc. is relocating its corporate headquarters from Cranston to Livingston Parish in Louisiana. Louisiana Gov. Bobby Jindal, a Brown University graduate, said the move will bring 20 new jobs to the state, with pay averaging $90,000 per......
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5:32 PM Wed, Jun 25, 2008 | Permalink |
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By Paul Grimaldi Email
American Airlines will stop its regional jet service at T.F. Green Airport on Nov.1, airport officials confirmed, pulling out of the airport it has served since 1984. American Airlines and its American Eagle regional unit will end service to Green......
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3:14 PM Wed, Jun 25, 2008 | Permalink |
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By Lynn Arditi Email
An estimated 8,000 to 10,800 jobless workers in Rhode Island may be eligible for extended unemployment benefits state officials announced this afternoon. The benefit extensions, effective July 6, will enable eligible job seekers who have run out of their regular......
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10:08 AM Wed, Jun 25, 2008 | Permalink |
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By John Kostrzewa Email
Providence-based Citizens Financial Group this morning said it reached agreement to sell 18 of its branches in northern New York to Community Bank Systems (CBU:NYSE), based in DeWitt, New York. "The sale of these few branches in the Adirondack region......
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7:28 AM Wed, Jun 25, 2008 | Permalink |
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By John Kostrzewa Email
Citizens-Union Savings Bank, based in Fall River, has acquired its fifth insurance agency and first in Rhode Island to incorporate into its unit called Citizens-Union Insurance Agency LLC. Citizens-Union acquired Tiverton Insurance Agency, a privately-owned company in Tiverton that was......
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7:25 AM Wed, Jun 25, 2008 | Permalink |
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By John Kostrzewa Email
Donald R. Sweitzer has been named chairman of Providence-based GTECH Corp., effective Jan. 1. , 2009. "We are delighted and fortunate to have recruited and retained a professional of Don's caliber to serve as chairman of GTECH," said Lorenzo Pellicioli,......
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2:18 PM Tue, Jun 24, 2008 | Permalink |
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By Paul Grimaldi Email
About 50 toy and game inventors are wrapping up three days of meetings with buyers and agents this afternoon at Foxwoods Resort Casino. The toy industry members began gathering Sunday at the casino in Ledyard, Conn., as the annual Toy......
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9:01 AM Tue, Jun 24, 2008 | Permalink |
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By John Kostrzewa Email
ProThera Biologics, Inc., a biomedical startup in East Providence, has been granted $500,000 in equity funding by the Slater Technology Fund, the state-backed venture capital fund that invests in new companies. ProThera, co-founded in 2001 by Yow-Pin Lim, and Douglas......
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8:35 AM Tue, Jun 24, 2008 | Permalink |
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By John Kostrzewa Email
Webster Financial Corp., the Waterbury,Conn.-based bank that has offices in Rhode Island, this morning said it will eliminate 240 jobs as part of a two-year program to increase the bank’s efficiency and earnings. More than half the cuts will......
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3:14 PM Mon, Jun 23, 2008 | Permalink |
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By John Kostrzewa Email
Dave’s Marketplace, a locally owned and managed supermarket, will open a store in the Quonset Gateway in North Kingstown. The 23,000 square foot Dave’s Marketplace will be built into the retail space of the mixed use Gateway project which, when......
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1:47 PM Mon, Jun 23, 2008 | Permalink |
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By Andrea Panciera Email
BOSTON — Big Dig contractor Modern Continental Co. has filed for bankruptcy protection, the first business day after federal prosecutors charged the company with lying about its work on the massive project. The contractor made a Chapter 11 filing Monday......
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11:40 AM Mon, Jun 23, 2008 | Permalink |
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By Lynn Arditi Email
The pace of house sales in Massachusetts picked up in May, as prices continued to fall, according to a report out today from the Massachusetts Association of Realtors. The number of single-family houses sold rose to 3,491, up 24.5 percent......
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11:29 AM Mon, Jun 23, 2008 | Permalink |
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By John Kostrzewa Email
Gasoline prices in Rhode Island slipped a penny in the last week to average $4.10 a gallon, the first decline since late March, according to a AAA Southern New England survey released today. Prices had previously risen for 12 straight......
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10:40 AM Mon, Jun 23, 2008 | Permalink |
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By Andrea Panciera Email
Have you recently begun carpooling to work as a way to save on gasoline costs? We're interested in hearing from you for a possible Providence Journal story. Please contact The Journal's energy writer, Tim Barmann at tbarmann@projo.com.......
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9:34 AM Mon, Jun 23, 2008 | Permalink |
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By John Kostrzewa Email
Cumberland native Paul E. Hanaway was honored posthumously in Carmel, Indiana, where a new, 130,000-square-foot building was dedicated in his honor by the Midwest ISO, a non-profit organization for which he was the vice chairman from 1999 to 2005. “The......
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9:13 AM Mon, Jun 23, 2008 | Permalink |
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By John Kostrzewa Email
The bond rating for $10.6 million of 1994 bonds sold for Westerly Hospital and issued by the Rhode Island Health and Educational Facilities Building Corp. has been lowered to ’BB-’ from ’BB’ by Standard & Poor’s Ratings Services. The downgrade......
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