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September 2008 Archives
5:57 PM Tue, Sep 30, 2008 | Permalink |
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By Andy Smith  Email
Governor Carcieri today announced a $3.3 million initiative, funded by the Governor's Workforce Board, designed to connect Rhode Islanders with jobs in four of the state's high-growth industries: hospitality, the marine trades, information technology, and construction. Even at a time......
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5:16 PM Tue, Sep 30, 2008 | Permalink |
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By Tim Barmann Email
WARWICK -- A meeting this afternoon of the state's Public Utilities Commission deteriorated into a one-way shouting match, with some members of the audience yelling at the three commissioners not to delay a decision on a proposal that would make......
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3:58 PM Tue, Sep 30, 2008 | Permalink |
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By maria caporizzo Email
Foxwoods Resort Casino in Ledyard, Conn., will cut 700 jobs during the next few weeks. The Mashantucket Pequot Tribal Nation, the tribe that owns the casino, made the announcement today to employees of Foxwoods and MGM Grand at Foxwoods, according......
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8:57 AM Tue, Sep 30, 2008 | Permalink |
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By Business staff Email
Governor Carcieri told a radio audience this morning that one way to stablize the markets and restore confidence in the economy would be for the Federal Deposit Insurance Corporation to increase the amount it backs deposits above the current level......
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8:39 AM Tue, Sep 30, 2008 | Permalink |
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By Business staff Email
Rockland Trust Company, a subsidiary of Independent Bank Corp., said it settled a lawsuit with Community Associates International by making a $750,000 payment, according to a regulatory filing by the bank. The $750,000 was paid from a $1.5 million reserve......
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8:31 AM Tue, Sep 30, 2008 | Permalink |
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By Business staff Email
Governor Carcieri this morning is scheduled to announce workforce training grants and an investment in updated technology for the public to conduct job searches and career research. Carcieri and the Workforce Board of Rhode Island also will unveil the Industry......
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8:22 AM Tue, Sep 30, 2008 | Permalink |
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By Business staff Email
Sovereign Bancorp, struggling with a declining stock price, plans to name a new chief executive as early as Wednesday, the Wall Street Journal reported. The board of the regional bank, with offices in Rhode Island, is scheduled to vote to......
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1:35 PM Mon, Sep 29, 2008 | Permalink |
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By Business staff Email
Providence-based Textron Inc., the maker of Cessna and Bell aircraft, said it is building a factory in Mexico's Chihuahua state to produce parts for the Bell 429 commercial helicopter. The northern Mexico plant, which will operate as Textron International Mexico,......
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10:25 AM Mon, Sep 29, 2008 | Permalink |
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By Business staff Email
Tizra, Inc., a Providence-based developer of web publishing software, this morning received a $350,000 investment from the Slater Technology Fund, bringing its total funding from Slater to $650,000. Founded two years ago, Tizra has closed deals with a number of......
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9:47 AM Mon, Sep 29, 2008 | Permalink |
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By Business staff Email
Another $1.4 million will be invested by the Rhode Island Science and Technology Advisory Council for research that promotes collaboration by the state's academic and commercial institutions, STAC announced this morning. "Rhode Island is committed to making strategic investments into......
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9:30 AM Mon, Sep 29, 2008 | Permalink |
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By Business staff Email
Prices for regular gasoline in Rhode Island slipped seven cents a gallon in the last week, according to a survey released this morning by the state Energy Office. The report set the average price at $3.48 a gallon. The prices......
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8:52 AM Mon, Sep 29, 2008 | Permalink |
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By Business staff Email
Stock in Royal Bank of Scotland Group Plc, the owner of Providence-based Citizens Financial Group, fell the most in 20 years in London trading this morning, according to Bloomberg News. The shares tumbled after the bailout of Fortis, the Belgian......
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3:23 PM Fri, Sep 26, 2008 | Permalink |
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By Tim Barmann Email
PROVIDENCE -- The U.S. Senate is considering a bill to increase federal funding for heating assistance, bringing more money to states to distribute to low-income families who are struggling with heating costs. The measure, already approved in the U.S. House......
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1:47 PM Fri, Sep 26, 2008 | Permalink |
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By Paul Grimaldi Email
The Rhode Island health insurance commissioner has approved rate increases for Blue Cross and UnitedHealthcare policies covering "small-group" employers. The commissioner approved increases averaging 9.2 percent for United Healthcare and 8.7 percent for Blue Cross Blue Shield of Rhode Island......
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1:24 PM Fri, Sep 26, 2008 | Permalink |
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By Paul Grimaldi Email
Credit-rating agency Moody's Investors Service today released the details of its recent downgrade of the company that owns the Twin River greyhound track and slot parlor in Lincoln. The report notes the slot parlor is "barely generating enough cash to......
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8:01 AM Fri, Sep 26, 2008 | Permalink |
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By Business staff Email
Governor Donald L. Carcieri will appear as a guest on the Bloomberg Television news magazine "In Focus" today to discuss the state's renewable energy program and the announcement of Deepwater Wind, of New Jersey, as the recommended developer for the......
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5:46 PM Thu, Sep 25, 2008 | Permalink |
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By Andrea Panciera Email
Journal photo / Steve Szydlowski Governor Carcieri signs the contract today with Christopher Brown, CEO of Deepwater Wind, whose company was chosen to construct a $1.5 billion wind energy project off the coast of Rhode Island. The project would......
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1:03 PM Thu, Sep 25, 2008 | Permalink |
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By Jack Perry Email
By Timothy C. Barmann Journal Staff writer The developer selected by Governor Carcieri to build a $1.5 billion wind farm off the coast of Rhode Island is represented by a local attorney who served as Carceri's chief of staff for......
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11:12 AM Thu, Sep 25, 2008 | Permalink |
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By Paul Grimaldi Email
Rite Aid Corp., the company that bought Rhode Island's Brooks-Eckerd drugstore chain in 2006, upended its leadership with three executives leaving the Pennsylvania-based company and a former company president returning. The moves come two weeks after trading in Rite Aid......
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10:58 AM Thu, Sep 25, 2008 | Permalink |
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By Paul Grimaldi Email
Woonsocket-based CVS Caremark Corp. (CVS:NYSE) was added today to the New York Stock Exchange's list of companies for whom short sales of stock are not permitted. Short-sellers borrow shares they consider overvalued and sell them. If the price drops, the......
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9:34 AM Thu, Sep 25, 2008 | Permalink |
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By Jack Perry Email
By Randall Edgar Journal staff writer Housing prices have dropped in many Rhode Island communities, but rising costs for other necessities such as food and gas have made it even harder for many people to buy a house, a report......
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8:52 AM Thu, Sep 25, 2008 | Permalink |
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By Business staff Email
Penske Truck Leasing today said it is opening a 21,000-square-foot facility at 65 Amflex Drive, in Cranston. About 38 people will be employed on the 8.5-acre site that will keep an inventory of 650 vehicles. Penske, based in Reading, Penn.,......
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8:12 AM Thu, Sep 25, 2008 | Permalink |
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By Business staff Email
The U.S. House voted yesterday to nearly double federal money to help poor people cope with record home heating bills expected this winter. Spending for the government's Low Income Home Energy Assistance Program would rise to $5.1 billion. The increase......
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8:06 AM Thu, Sep 25, 2008 | Permalink |
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By Business staff Email
Longs Drugs Stores Corp., the California-based pharmacy chain that agreed to be bought by Woonsocket-based CVS Caremark Corp. said the U.S. Federal Trade Commission is investigating whether an acquisition offer from Walgreen Co. would hurt competition. The agency is seeing......
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12:32 PM Wed, Sep 24, 2008 | Permalink |
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By Andrea Panciera Email
By Timothy C. Barmann Journal staff writer State officials have selected Deepwater Wind, a N.J.-based firm, to construct and finance a massive wind farm off the coast of Rhode Island. The project, expected to cost about $1.5 billion, would be......
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9:39 AM Wed, Sep 24, 2008 | Permalink |
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By Jack Perry Email
Newport Grand tonight will celebrate the completion of a $28 million renovation that has replaced its former jai lai space with additional blackjack tables and video slots. The project, which was originally targeted for completion at the end of 2006,......
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8:48 AM Wed, Sep 24, 2008 | Permalink |
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By Business staff Email
The slumping U.S. economy has caused the Mohegan Sun casino in eastern Connecticut to delay the final projects in its $925 million expansion plan. The Mohegan Tribal Council decided to suspend construction of a 39-story hotel, a House of Blues......
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7:48 AM Wed, Sep 24, 2008 | Permalink |
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By Business staff Email
General Dynamics Electric Boat unit at Quonset Point in North Kingstown will host a keel-laying ceremony on Saturday for Missouri, SSN-780, the seventh ship in the Navy's newest class of nuclear attack submarines. Rebecca W. Gates, who has been named......
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3:48 PM Tue, Sep 23, 2008 | Permalink |
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By Business staff Email
The Rhode Island Division of Taxation is in the process of changing the name on one of the key income-tax forms that some people fill out. The Rhode Island Form 1040EZ is going away. In its place will be the......
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2:15 PM Tue, Sep 23, 2008 | Permalink |
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By Business staff Email
Fitch Ratings has lowered its debt ratings outook for bonds about to be sold for the Tockwotton nursing home in Providence Fitch, based in Chicago, placed the 'BBB' underlying rating on approximately $3.9 million of Rhode Island Health and Educational......
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10:41 AM Tue, Sep 23, 2008 | Permalink |
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By Jack Perry Email
By John Mulligan Journal Washington bureau WASHINGTON, D.C. -- Sen. Jack Reed today defended his plan to require companies to reimburse the taxpayers for their help in bailing out the financial system. In his opening statement at a Senate hearing......
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8:35 AM Tue, Sep 23, 2008 | Permalink |
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By Jack Perry Email
By John Mulligan Journal Washington bureau ``A new financial meltdown'' may loom beyond the current crisis, Sen. Sheldon Whitehouse said yesterday, calling for federal action against ``abusive credit card practices.'' In a letter to colleagues who are leading the efforts......
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8:33 AM Tue, Sep 23, 2008 | Permalink |
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By Business staff Email
Longs Drug Stores Corp. this morning reiterated its support for a proposed $2.7 billion purchase by Woonsocket-based CVS Caremark Corp., saying Walgreen Co. hasn't made any changes to a "unsolicited, non-binding expression of interest." There's no guarantee that Walgreen's proposal......
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8:26 AM Tue, Sep 23, 2008 | Permalink |
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By Business staff Email
David C. DePetrillo, director of tourism in Rhode Island, will retire, effective September 30, the Rhode Island Economic Development Corporation announced this morning. MarkBrodeur, current director of tourism operations, will be promoted to director of tourism. "David is a nationally......
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11:57 AM Mon, Sep 22, 2008 | Permalink |
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By Jack Perry Email
The Secretary of State's office says businesspeople can talk to the government officials who regulate their companies at a free expo today at Warwick's Crowne Plaza Hotel. People can meet with public officials about registering a business, financing, taxes, licensing,......
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1:51 PM Fri, Sep 19, 2008 | Permalink |
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By maria caporizzo Email
How do thls week's Wall Street developments affect you? Providence Journal MoneyLine columnist Neil Downing -- who's been on top of the question all week -- hosted a live chat with projo.com readers at noon today. Read the transcript The......
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1:00 PM Thu, Sep 18, 2008 | Permalink |
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By Lynn Arditi Email
Massachusetts last month gained 1,700 payroll jobs and the unemployment rate fell 0.3 percent to 5.1 percent, according to a government report released today. Education and health services posted the largest job gain in August, and the highest annual job......
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12:36 PM Thu, Sep 18, 2008 | Permalink |
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By Andy Smith Email
The College Crusade of Rhode Island has been named one of 35 programs in the country that are improving U.S. education by the Business-Higher Education Forum, a Washington, D.C., organization of business and education leaders. The College Crusade, the......
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11:33 AM Thu, Sep 18, 2008 | Permalink |
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By maria caporizzo Email
This week's financial crisis may remind Rhode Islanders of the banking crisis of 1991. Providence Journal MoneyLine columnist Neil Downing explores how this crisis is different in significant ways. Watch the video: Although Wall Street woes bring RI banking......
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2:04 PM Wed, Sep 17, 2008 | Permalink |
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By Jack Perry Email
PROVIDENCE -- General Treasurer Frank Caprio confirmed today that at least one other government agency has millions of dollars locked in investment accounts with the troubled insurance giant American International Group. Rhode Island Housing Corporation has about $7 million in......
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12:27 PM Wed, Sep 17, 2008 | Permalink |
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By Business staff Email
Eight government seized vehicles, metal coining equipment and other goods will be sold by SJ Corio Company for the Rhode Island State Police at a live auction Saturday, Sept. 20 at the company's offices at 22 Dewey Ave., Warwick. The......
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10:38 AM Wed, Sep 17, 2008 | Permalink |
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By Andrea Panciera Email
Jewelry designers and manufacturers are assembling in Providence today to learn the latest techniques and designing trends at the Manufacturing Jewelers and Suppliers of America trade show. Attendees are also offered seminars on a range of topics, including designing with......
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9:33 AM Wed, Sep 17, 2008 | Permalink |
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By Business staff Email
Woonsocket-based CVS Caremark Corp. this morning opened its first retail health center in Massachusetts, called MinuteClinic, inside a CVS/pharmacy in Medway Four additional clinics are expected to open inside CVS/pharmacy stores in the near future in Bridgewater, Danvers, Taunton and......
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8:44 AM Wed, Sep 17, 2008 | Permalink |
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By Business staff Email
Standard & Poor's Ratings Services revised its outlook to "stable" from "positive" on the 'BB' rating of Rhode Island Health & Educational Building Corp.'s series 1998 revenue bonds, issued for Roger Williams Hospital. The rating actions reflect Roger Williams'......
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5:40 PM Tue, Sep 16, 2008 | Permalink |
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By Tim Barmann Email
At the end of the second day of financial turmoil on Wall Street, shares of Rhode Island companies were mixed, with some getting a boost, while others suffered big drops. The good news for local investors is that for the......
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3:56 PM Tue, Sep 16, 2008 | Permalink |
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By maria caporizzo Email
Neil Downing is the MoneyLine columnist at the Providence Journal. Watch the video: Providence Journal MoneyLine columnist Neil Downing talks us through the difference between investment banks like Lehman Brothers and Bear Stearns, and deposit-taking "regular banks" like Bank Newport......
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12:34 PM Tue, Sep 16, 2008 | Permalink |
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By Andrea Panciera Email
Neil Downing, The Providence Journal's MoneyLine columnist, wants to know what Rhode Islanders want -- and need -- to know about their finances in the wake of this week's Wall Street shakeup. What does this mean to your 401K? What......
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8:57 AM Tue, Sep 16, 2008 | Permalink |
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By Business staff Email
Attorney General Patrick C. Lynch and Lori Kalani, director of government affairs and senior counsel of DISH Network, are scheduled to visit an apartment complex and a senior citizen center today and Wednesday to inform consumers of the upcoming switch......
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8:51 AM Tue, Sep 16, 2008 | Permalink |
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By Business staff Email
Providence Equity Partners, the Providence-based firm founded by Brown University graduate Jonathan Nelson, moved to boost its investments in Asia with the hiring of Sean Tong, currently managing director at General Atlantic in Hong Kong, as managing director of Providence......
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8:17 AM Tue, Sep 16, 2008 | Permalink |
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By Business staff Email
Diana Ruth Johnson, a member of Parliament in the United Kingdom, is visiting Rhode Island today to meet several public officials, including Saul Kaplan, executive director of the Rhode Island Economic Development Corporation. They will be discuss economic development issues.......
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5:59 PM Mon, Sep 15, 2008 | Permalink |
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By Neil Downing Email
The State of Rhode Island has no exposure in companies that have been swept up in the recent financial market turmoil, state Gen. Treas. Frank Caprio said. "It is important to note that the State of Rhode Island currently does......
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4:46 PM Mon, Sep 15, 2008 | Permalink |
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By Business staff Email
By Paul Edward Parker Journal Staff Writer PROVIDENCE -- Is the sky falling? Or is a cloud passing overhead? People passing by One Citizens Plaza around lunchtime today offered varying opinions on the shakeup in the financial markets. Citizens Plaza......
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7:57 AM Mon, Sep 15, 2008 | Permalink |
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By Business staff Email
Providence-based LIN TV Corp. (TVL:NYSE said this morning its current contract with Time Warner Cable, Inc. expires on October 2, and LIN TV has been unable to reach an extension agreement. As a result, LIN TV said it expects Time......
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7:44 AM Mon, Sep 15, 2008 | Permalink |
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By Business staff Email
CVS Caremark Corp. pused back its tender offer for shares of Longs Drug Stores after Walgreen's on Friday topped CVS's bid. Walgreen's offered $75 per share in cash, or a total of $3 billion for Longs. That topped the $71.50......
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3:30 PM Fri, Sep 12, 2008 | Permalink |
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By Paul Grimaldi Email
The Twin River slot machine parlor this afternoon said its lenders extended their financing arrangement with the Lincoln gambling venue until Jan. 31. The slot parlor will suspend interest payments to some of its lenders until then, an action Twin......
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9:33 AM Fri, Sep 12, 2008 | Permalink |
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By Business staff Email
Governor Carcieri this morning is scheduled to chair the meeting of the PK-16 (pre-kindergarten to fourth year of college) council on education, reviewing the advances in use of technology applications to improve education in Rhode Island. In fiscal year 2007,......
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8:00 AM Fri, Sep 12, 2008 | Permalink |
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By Business staff Email
CVS Caremark Corp. Chief Executive Officer Tom Ryan this morning said the drugstore chain won't raise its $2.7 billion offer to buy Longs Drug Stores Corp. even though some investors believe the price is too low. CVS, based in Woonsocket,......
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2:51 PM Thu, Sep 11, 2008 | Permalink |
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By Paul Grimaldi Email
Cut-price retailer Mattress Discounters said it wants to close the nearly 50 stores it operates in New England as part of an effort to turn around its ailing operations, according to court documents and company statements. The closings will come......
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2:38 PM Thu, Sep 11, 2008 | Permalink |
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By Business staff Email
GTECH Corp., the Providence-based unit of Lottomattica, said yesterday it has signed a 20-year contract with Loto Real Del Cibao C.X.A. to be the exclusive technology provider to LOTO REAL for an online lottery system, terminals, and future commercial services......
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9:18 AM Thu, Sep 11, 2008 | Permalink |
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By Business staff Email
Providence-based Textron Inc. this morning said it agreed to sell its Fluid & Power unit to U.K.-based Clyde Blowers Ltd. in a transaction valued at as much as $645 million. Textron will receive about $526 million in cash, a six-year......
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8:02 AM Thu, Sep 11, 2008 | Permalink |
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By Business staff Email
Two John Hancock Financial Network offices in Warwick and Rocky Hill, Connecticut have merged to expand services in Rhode Island, Connecticut, western massachusetts and Westchester County, New York. The new organization will be named Independence Financial Partners. The firm will......
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7:53 AM Thu, Sep 11, 2008 | Permalink |
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By Business staff Email
Eleven Rhode Island-based technology companies received $3.1 million in funding commitments from the Slater Technology Fund, according to a new report for the fiscal year that ended June 30. Of the $3.1 million, $1.75 million was completed during the fiscal......
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1:57 PM Wed, Sep 10, 2008 | Permalink |
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By Neil Downing Email
Governor Carcieri will serve as host at a series of dinners in the Boston area to try to lure Massachusetts businesses to Rhode Island. The dinners, which will begin soon, are mainly for executives in certain sectors, such as financial......
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1:46 PM Wed, Sep 10, 2008 | Permalink |
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By Neil Downing Email
A business is moving to Rhode Island soon -- and its impact and scope will be significant, according to Governor Carcieri. "We're going to have a good announcement in a couple of weeks," he told the state Economic Policy Council......
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1:36 PM Wed, Sep 10, 2008 | Permalink |
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By Neil Downing Email
Rhode Island is suffering from the nation's economic downturn, says Governor Carcieri. "Clearly, we're going through a tough time right now economically,'' he told the state's Economic Policy Council earlier today. "We felt the effects of this downturn dramatically and......
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9:22 AM Wed, Sep 10, 2008 | Permalink |
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By Business staff Email
Longs Drug Stores Corp. said this morning that it's agreed in principle to settle lawsuits with plaintiffs related to the retailer's planned acquisition by CVS Caremark Corp for $2.7 billion. Under the settlement, the claims by the purported class of......
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7:42 AM Wed, Sep 10, 2008 | Permalink |
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By Business staff Email
SWAP, the nonprofit organization known for providing affordable housing in South Providence, will enter a new phase of its development today with the opening of a $10.2 million mixed use commercial and rental property. Called SouthSide Gateways, the three-story building......
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7:27 AM Wed, Sep 10, 2008 | Permalink |
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By Business staff Email
Governor Carcieri's scheduled appearance today on the Bloomberg Television news magazine has been cancelled, according the the governor's office. Carcieri was scheduled to discuss Rhode Island's renewable energy program and the potential economic impact of an offshore wind project.......
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4:33 PM Tue, Sep 09, 2008 | Permalink |
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By Tim Barmann Email
Providence Equity Partners has acquired the Florida-based company that runs the grueling Ironman triathlon races held around the United States and in other countries. The investment group bought World Triathlon Corp, a privately held company based in Tarpon Springs, Fla.......
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9:09 AM Tue, Sep 09, 2008 | Permalink |
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By Business staff Email
A prominent, office building in downtown Providence, formerly known as the Bank of America building and before that the Fleet Center, is undergoing a multi-million dollar renovation of the lobby and retail spaces to give the landmark a new identity.......
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8:41 AM Tue, Sep 09, 2008 | Permalink |
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By Business staff Email
Quincy-based Stop & Shop Supermarket Co. has voluntarily dismissed the lawsuit that accused Whole Foods Market Inc. of violating its trademark by using "The Real Deal" in its marketing. "The dispute has been resolved amicably, and Whole Foods has agreed......
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8:27 AM Tue, Sep 09, 2008 | Permalink |
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By Business staff Email
Stock in Sovereign Bancorp Inc., the Pennsylvania-based company with a large branch network in Rhode Island, slipped 64 cents a share to close yesterday at $9.02 after the company said it expects a non-cash impairment charge on Fannie Mae and......
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8:14 AM Tue, Sep 09, 2008 | Permalink |
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By Business staff Email
Amtrak, the national passenger railroad, posted a 10 percent increase in August ridership as higher gasoline prices helped spur more travelers to use trains. Amtrak carried 2.68 million people, and ticket revenue rose 14 percent over the same month a......
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8:08 AM Tue, Sep 09, 2008 | Permalink |
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By Business staff Email
KVH Industries Inc. said Ian Palmer, executive vice president of satellite sales, told the company on Sept. 4 that he will resign to pursue other opportunities, effective on Sept. 19, according to a regulatory filing made by KVH. "His resignation......
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6:02 PM Mon, Sep 08, 2008 | Permalink |
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By Andrea Panciera Email
By projo.com staff The owners of Twin River, the Lincoln slot parlor that had sought to finish financial negotiations with lenders last week, again had no progress to report today. Twin River's owner, UTGR Inc., has negotiated for months with......
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5:52 PM Mon, Sep 08, 2008 | Permalink |
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By Tim Barmann Email
WARWICK -- National Grid's proposal to raise its natural gas distribution charges was assailed at a public hearing yesterday by several speakers who said the increases would lessen a customer's ability to lower their gas bill by conserving energy. The......
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1:13 PM Mon, Sep 08, 2008 | Permalink |
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By Andy Smith Email
Year Up Providence, a program designed to provide low-income urban youth with educational and career opportunities, has named Nick Richardson as new executive director. Richardson replaces Sara Strammiello Enright who is leaving to take a position in the program's national......
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10:46 AM Mon, Sep 08, 2008 | Permalink |
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By Business staff Email
Gasoline prices in Rhode Island slipped another three cents today, as the potential effect of the approaching Hurricane Ike on U.S. Gulf Coast production has yet to be felt at the pump. The average price of unleaded regular yesterday was......
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8:15 AM Mon, Sep 08, 2008 | Permalink |
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By Business staff Email
Woonsocket-based CVS Caremark Corp. said this morning it cleared a hurdle to its acquisition of Longs Drugs Stores Corp. now that the regulatory waiting period under the Hart-Scott-Rodino Antitrust Improvement Act has expired CVS (CVS:NYSE) said the waiting period ended......
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8:08 AM Mon, Sep 08, 2008 | Permalink |
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By Business staff Email
Women's Development Corporation, a nonprofit developer, will celebrate the opening of Wildberry Apartments in West Warwick at noon today on the site at 95 Archambault Ave. The senior housing complex has 47 apartments which were available to low-income residents as......
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8:06 AM Mon, Sep 08, 2008 | Permalink |
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By Business staff Email
The creator of GI Joe & The Almighty Heroes, Donald Levine, will talk about how the internationally-acclaimed GI Joe action figure was created and found worldwide popularity at a discussion at 7 p.m. tonight at the Visitor Center, 175 Main......
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8:04 AM Mon, Sep 08, 2008 | Permalink |
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By Business staff Email
Rhode Island's health care industry and the proposed merger of Lifespan and Care New England, will be discussed by Atty. Gen. Patrick C. Lynch today at Westerly Hospital 5:30 PM. Lynch will speak to hospital's directors, medical personnel, and staff.......
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5:48 PM Fri, Sep 05, 2008 | Permalink |
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By maria caporizzo Email
Despite Twin River's push to finish financial negotiations with lenders by the end of the work week, the owners of the Lincoln gambling parlor had no announcements today. The slot parlor's owner, UTGR Inc., has negotiated for months with its......
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4:59 PM Fri, Sep 05, 2008 | Permalink |
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By Business staff Email
LINCOLN - A.T. Cross Company announced today that its board of directors has approved the decision to switch the listing of its common stock from the American Stock Exchange to the NASDAQ stock market, effective September 16, 2008. The company......
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10:04 AM Fri, Sep 05, 2008 | Permalink |
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By Lynn Arditi Email
Rhode Island ranked 6th highest nationally for the rate of new homes entering foreclosure during the second quarter, according to a report released today by the Mortgage Bankers Association in Washington. About 1.22 percent of the estimated 140,232 home mortgages......
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8:32 AM Fri, Sep 05, 2008 | Permalink |
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By Business staff Email
Some Longs shareholders said they'll oppose CVS Caremark Corp.'s $2.7 billion buyout of the drug srtore chain if Longs doesn't tell them more about the value of its real estate. On Aug. 12, CVS Caremark agreed to pay $71.50 per......
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4:37 PM Wed, Sep 03, 2008 | Permalink |
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By Tim Barmann Email
Just seven weeks after increasing natural gas rates by 8 percent, National Grid has filed a request to lower rates for its Rhode Island customers by 4.6 percent. The company said the market price for natural gas has fallen since......
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2:23 PM Wed, Sep 03, 2008 | Permalink |
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By Business staff Email
The Montel Williams MS Foundation today announced a grant to Providence-based Epivax, Inc., the first biotech-related company to be awarded a grant from the foundation. Epivax is a privately held company run by Anne Searls DeGroot that is dedicated to......
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1:39 PM Wed, Sep 03, 2008 | Permalink |
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By Business staff Email
GTECH Global Services Corp. said today it signed an agreement with Sport Pari to create the first online lottery system in Belarus. Sport Pari has received a government license to become the exclusive license holder and operator of online lottery......
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10:25 AM Wed, Sep 03, 2008 | Permalink |
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By Lynn Arditi Email
Rhode Island's weak labor marked drove up initial unemployment insurance claims for the week ending Aug. 23rd by 328 from the previous week, according to the state Department of Labor and Training. So far this year, initial unemployment insurance......
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7:46 AM Wed, Sep 03, 2008 | Permalink |
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By Business staff Email
The U.S. Department of the Interior is set to lease areas of the country's continental shelf off the northeast coast for wind turbines, the Wall Street Journal reported. Wind farms could be built in areas off the coast near Delaware,......
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7:38 AM Tue, Sep 02, 2008 | Permalink |
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By Business staff Email
Thailand's Finance Ministry indefinitely suspended a state-run online lottery pending clarification of a supplier-contract with a venture between Loxley, a local company and Providence-based Gtech Holdings Corp., Bloomberg News reported ``We will ask the Council of State to look at......
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