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October 12, 2008 - October 18, 2008 Archives
7:53 PM Fri, Oct 17, 2008 | Permalink |
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By Andrea Panciera  Email
Did you lock into a heating oil contract when the price was near record highs earlier this year? Have you tried to renegotiate since? Providence Journal business reporter Timothy C. Barmann would like to talk with you, for a possible......
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10:42 AM Fri, Oct 17, 2008 | Permalink |
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By Lynn Arditi Email
Rhode Island homeowners facing foreclosure will be offered free counseling tomorrow (Saturday) Oct. 18, at the Community College of Rhode Island Flanagan Campus in Lincoln. The workshop by the Rhode Island Housing HelpCenter and its partners wil make available certified......
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9:18 AM Fri, Oct 17, 2008 | Permalink |
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By Business staff Email
Sovereign Bancorp, the Pennsylvania-based savings and loan with a large branch network in Rhode Island, said Chief Executive Officer Paul Perrault is expected to remain with the lender after its acquisition by Banco Santander, the largest bank in Spain. ``Santander......
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5:52 PM Thu, Oct 16, 2008 | Permalink |
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By Andrea Panciera Email
Journal photo / Bob Thayer Tony Hsieh, CEO of Zappos.com, talks about how customer service means everything at his company. Founded in 1999 as an online shoe store, it has since expanded to sell clothing, electronics, appliances and more.......
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5:42 PM Thu, Oct 16, 2008 | Permalink |
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By Mike McKinney Email
A Bristol man who admitted to tax fraud involving a kickback scheme tied to his Internet services company was sentenced today to one year, plus one day, in federal prison and ordered to pay more than a half-million dollars in......
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2:35 PM Thu, Oct 16, 2008 | Permalink |
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By Business staff Email
Textron Inc. notified about 20 employees in Rhode Island today that they will lose their jobs as part of the company's plan to restructure its Textron Financial Corporation subsidiary. The company will reduce that unit's 1,200 person workforce by about......
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7:55 AM Thu, Oct 16, 2008 | Permalink |
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By Business staff Email
Providence-based Textron Inc. reported this morning its third-quarter profit tumbled 19 percent as the credit crisis eroded its finance business. It also announced plans to liquidate parts of that unit and slash costs companywide. Net income for the three months......
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5:28 PM Wed, Oct 15, 2008 | Permalink |
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By Tim Barmann Email
SolarWrights, a Rhode Island-based solar energy company and Solar Works, a Vermont-based competitor, have been acquired by a private equity firm. Riverside Partners of Boston said the deal merges the two companies to form the largest solar energy firm in......
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8:08 AM Wed, Oct 15, 2008 | Permalink |
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By Business staff Email
Tourism officials from across the region are gathering in the Blackstone Valley this week for a 3 1/2-day summit, called Civic Tourism 2, to discuss creating and marketing communities as visitor destinations. This morning, they are gathering at the historic......
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7:56 AM Wed, Oct 15, 2008 | Permalink |
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By Business staff Email
Oct. 14 (Bloomberg) -- Providence-based Textron Inc. said it won a $242.1 million contract to build 17 drones for the U.S. military. Thirteen will be supplied to the Army, and four are on order by the Marine Corps, Textron......
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3:21 PM Tue, Oct 14, 2008 | Permalink |
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By Business staff Email
Providence-based LIN TV Corp. (TVL:NYSE), today announced the appointments of Richard Schmaeling as Senior Vice President, Chief Financial Officer and Robert Richter as Senior Vice President New Media. Both executives will report directly to Vincent L. Sadusky, president and chief......
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12:27 PM Tue, Oct 14, 2008 | Permalink |
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By Business staff Email
Rhode Island's economy continued to deteriorate in August and indicators suggested the state's recession will continue well into the near future, according to the Current Conditions Index created by University of Rhode Island economics Prof. Leonard Lardaro to measure the......
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11:57 AM Tue, Oct 14, 2008 | Permalink |
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By Business staff Email
The Providence Housing Authority yesterday began a $12.1 million program to improve energy efficiency at sixteen of the authority's elderly and family developments. Highlights of the plan include: Decentralization of the heating plants at Chad Brown and Admiral Terrace. Installation......
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10:48 AM Tue, Oct 14, 2008 | Permalink |
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By Business staff Email
Sovereign Bancorp, the largest U.S. savings and loan and the third biggest bank in new England, said customers pulled $4.2 billion in deposits from the bank since June 30, or 8.8 percent, amid higher competition and concern their money might......
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10:40 AM Tue, Oct 14, 2008 | Permalink |
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By Business staff Email
The United Auto Workers and the Mashantucket Pequot Gaming Enterprise agreed to enter into discussions for 30 days to determine if an agreement can be reached to bargain under tribal law without either party waiving any of their rights or......
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10:32 AM Tue, Oct 14, 2008 | Permalink |
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By Business staff Email
Woonsocket-based CVS Caremark Corp. (CVS:NYSE) today reminded stockholders of Longs Drug Stores Corp. (LDG:NYSE) to tender their shares at the offer of $71.50 per share in cash by the expiration date at midnight on Wednesday. Tom Ryan, chairman, president and......
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8:17 AM Tue, Oct 14, 2008 | Permalink |
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By Jack Perry Email
TIVERTON -- A power company has identified Tiverton as a prime location for energy-producing wind turbines. Keith Peltzman, vice president of New York-based Allco Renewable Energy Group Ltd., says his company would like to explore the possibility of placing wind......
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