Projo Biz Blog

Twin River, lenders unlikely to meet refinancing deadline

5:12 PM Fri, Aug 29, 2008 | Permalink | Comments (2)
By Paul Grimaldi    Email

The owner of the Twin River slot parlor is unlikely to reach a new financing deal with its lenders before the current one expires at the end of the day, according to a slot parlor representative. "I don't believe we......

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 Tags  gambling   Lincoln   R.I. state revenue   Twin River  

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Rhode Island hit hard by economic downturn, state official says

4:12 PM Fri, Aug 29, 2008 | Permalink | Comments (4)
By Neil Downing    Email

Rhode Island's economy is suffering, says Saul Kaplan, executive director of the Rhode Island Economic Development Corporation. "We've been hit very hard by this economic downturn,'' Kaplan told about 230 business leaders, academics and others at a Bryant University's first......

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Rhode Island auditor general to head national CPA group

3:47 PM Fri, Aug 29, 2008 | Permalink | Write a comment
By Neil Downing    Email

Rhode Island Auditor General Ernest A. Almonte will soon become chairman of the American Institute of Certified Public Accountants, the professional organization for about 334,000 CPAs nationwide. Almonte, a CPA who holds a bachelor's degree and master's degree from Bryant......

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America's in big financial trouble, expert warns at Bryant summit

3:36 PM Fri, Aug 29, 2008 | Permalink | Write a comment
By Neil Downing    Email

America is in a $53 trillion financial hole, but few of the nation's leaders - including the two leading presidential candidates - are willing to grapple with it, says former U.S. Comptroller General David M. Walker. Besides an $11......

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Providence should be a national model in health care

3:30 PM Fri, Aug 29, 2008 | Permalink | Write a comment
By Neil Downing    Email

Providence should become a national model for preventative health care and related products and services - and a regional leader in rehabilitation services, says Laurie White, head of the Greater Providence Chamber of Commerce. The chamber, working with the Rhode......

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Update: Washington Trust issues new bank cards as caution

5:16 PM Thu, Aug 28, 2008 | Permalink | Write a comment
By Jack Perry    Email

The Washington Trust Company has issued new MasterCard-branded credit and debit cards to 963 customers after the card company alerted the bank that the customers' account information was in a computer database that might have been compromised. MasterCard had no......

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 Tags  bank cards   MasterCard   Washington Trust Company   Westerly  

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Photo: He's got an eye on the job

5:10 PM Thu, Aug 28, 2008 | Permalink | Write a comment
By Andrea Panciera    Email

Journal photo / Bob Thayer Joseph Faria of Warren caulks along the edges of large cutouts atop the Nitro Antiques shop across from Cutler Mills on Child Street in Warren today. A large eagle will be placed in this......

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 Tags  photo   Warren   woodwork  

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National Grid seeks to lay marketing costs on customers

5:42 PM Wed, Aug 27, 2008 | Permalink | Write a comment
By Tim Barmann    Email

WARWICK -- Should natural gas customers of National Grid be required to pay for a $1.4-million marketing program designed to encourage more households to switch from heating oil to natural gas? That is one of several issues before the Public......

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 Tags  heating oil   National Grid   natural gas   Public Utilities Commission   Warwick  

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Hearings begin today on natural gas rate hike request

9:35 AM Wed, Aug 27, 2008 | Permalink | Write a comment
By Jack Perry    Email

The state Public Utilities Commission today will begin hearings today on a major restructuring of National Grid's natural-gas distribution rates in Rhode Island, including a company proposal that would increase a typical customer's bill by about 4.6 percent. Today's hearing......

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 Tags  National Grid   natural gas   Public Utilities Commission  

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Southwest Airlines will cut two flights from T.F. Green Airport

5:28 PM Tue, Aug 26, 2008 | Permalink | Write a comment
By Paul Grimaldi    Email

Southwest Airlines Co., which had resisted the kinds of capacity cuts being made by other carriers, will eliminate nearly 200 flights early next year - including two daily departures from Rhode Island - as it struggles with high fuel costs......

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Federal regulators may reconsider Weaver's Cove extension

4:43 PM Mon, Aug 25, 2008 | Permalink | Write a comment
By Tim Barmann    Email

The Federal Regulatory Energy Commission said today it would hold a hearing to determine whether to reconsider a decision by a commission official granting a five-year extension to Weaver's Cove LNG. The company wants to build an liquefied natural gas......

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