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November 30, 2008 - December 6, 2008 Archives
6:49 PM Fri, Dec 05, 2008 | Permalink |
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By Neil Downing  Email
Jonathan D. Pond, an author and Massachusetts financial planner who has gained a following through numerous appearances on public television, will be in Rhode Island next week. Pond will make a live studio appearance during the broadcast of the "Grow......
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6:35 PM Fri, Dec 05, 2008 | Permalink |
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By Neil Downing Email
Part of a panel formed by Governor Carcieri to study the reform of Rhode Island's tax structure has unveiled three proposals that would, if adopted, result in far-reaching change. The proposals include eliminating Rhode Island's estate tax (also known as......
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4:09 PM Fri, Dec 05, 2008 | Permalink |
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By Tim Barmann Email
The chief executive of Deepwater Wind, the company selected by Rhode Island to construct a $1.5 billion wind farm off the coast of the state, has left the company. Chris Brown, who stood with Gov. Carcieri in September, when the......
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3:42 PM Fri, Dec 05, 2008 | Permalink |
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By Paul Parker Email
A nationwide shortage of a runway deicing chemical is not expected to pose problems at T.F. Green Airport, according to Alan Andrade, the Rhode Island Airport Corporation's vice president for operations and maintenance. "We are prepared, so we should be......
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1:22 PM Fri, Dec 05, 2008 | Permalink |
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By Business staff Email
Eunice Png and Julie Sygiel, seniors at Brown University, won top honors at this year's statewide elevator pitch contest sponsored by the Rhode Island Business Plan Competition. The entrepreneurs are developing a line of women's lingerie that aims "to complement......
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9:25 AM Fri, Dec 05, 2008 | Permalink |
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By Business staff Email
Raytheon Integrated Defense Systems, in Portsmouth, has won a $17.1 mllion U.S. Navy contract to repair weapons systems used on the Airborne Low Frequency Sonar utilized on the MH-60R helicopter. About 10 percent of the work will be perfomed by......
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6:37 PM Thu, Dec 04, 2008 | Permalink |
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By Neil Downing Email
U.S. Sheldon Whitehouse today called for greater oversight of the credit card industry to curb what he called abusive, anti-consumer practices. Whitehouse's comments came at a Senate Judiciary Committee field hearing this afternoon at the Rhode Island College campus in......
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12:36 PM Thu, Dec 04, 2008 | Permalink |
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By Business staff Email
Pentair Electronic Packaging said today it will relocate several manufacturing product lines from Poway, California to the company's Warwick plant, creating new jobs at the Rhode Island site. The company expects the transfer to be completed by July 2009. The......
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9:22 AM Thu, Dec 04, 2008 | Permalink |
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By Business staff Email
Brian Goldner, chief executive officer at Pawtucket-based Hasbro, has been named 2008 MarketWatch CEO of the Year. The financial news outlet said Goldner, building Hasbro's business with such products as Transformers tied to the hit movie, has "radically altered perceptions......
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5:50 PM Wed, Dec 03, 2008 | Permalink |
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By Paul Parker Email
Sen. Jack Reed and state officials will gather at Quonset Point Friday, to mark the start of construction of two National Guard facilities that will be built with $43 million in federal money. A 40,000-square-foot aircraft maintenance facility dating from......
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3:06 PM Wed, Dec 03, 2008 | Permalink |
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By Paul Grimaldi Email
A deal to sell the Rehabilitation Hospital of Rhode Island in North Smithfield fell through yesterday as the Missouri company that wanted to buy a majority stake in the health-care facility pulled out of the transaction, according to state and......
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2:44 PM Wed, Dec 03, 2008 | Permalink |
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By Neil Downing Email
Got a gripe about your credit card company? U.S. Sen. Sheldon Whitehouse wants to hear it. Whitehouse will hold a field hearing of the U.S. Senate Judiciary Committee at 2 p.m. tomorrow at Rhode Island College in Providence. The hearing......
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1:50 PM Wed, Dec 03, 2008 | Permalink |
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By Andy Smith Email
Barbara Cervone, who runs a non-profit organization called What Kids Can Do, is one of 15 national winners of The Purpose Prize, an award designed to recognize social innovators over the age of 60. What Kids Can Do recognizes the......
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12:18 PM Wed, Dec 03, 2008 | Permalink |
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By Paul Grimaldi Email
Nurses and therapists at the Rehabilitation Hospital of Rhode Island last night backed the possibility of a strike against the North Smithfield health-care facility if contract negotiations. The health-care workers are upset with a demand from RehabCare Inc., which wants......
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8:49 AM Wed, Dec 03, 2008 | Permalink |
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By Business staff Email
Providence-based GTECH Corp., a unit of Lottomatica, and South Australia Lotteries today set a seven-year partnership that will allow for the provision of a new central lottery system and terminals, self-service products, and ongoing support services in South Australia. The......
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8:17 AM Wed, Dec 03, 2008 | Permalink |
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By Business staff Email
Volunteers will transfer nearly 750,000 adolescent oysters to restoration sites in Bristol Harbor and neighboring areas on Saturday in an attempt to bolster the number of oysters in state waters. The project is a joint effort between local community members......
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2:03 PM Tue, Dec 02, 2008 | Permalink |
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By Business staff Email
Retail investors in Rhode Island have purchased a record $102 million in General Obligation bonds in a sale completed today, according to General Treasurer Frank T. Caprio. That amount represents 95% of the total amount of municipal bonds offered. "For......
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12:28 PM Tue, Dec 02, 2008 | Permalink |
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By Business staff Email
Passenger traffic at T.F. Green airport in October dropped 8 percent compared to the same month a year ago, with a little more than 400,000 people passing through the state's main airport, according to figures from the state agency that......
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11:35 AM Tue, Dec 02, 2008 | Permalink |
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By Jack Perry Email
PROVIDENCE -- The U.S. Senate Judiciary Committee will hold a public meeting Thursday in Rhode Island on proposed changes to bankruptcy law. U.S. Sen. Sheldon Whitehouse, D-R.I., will chair the committee's field hearing on "Credit Cards and Bankruptcy: Opportunities for......
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7:20 AM Tue, Dec 02, 2008 | Permalink |
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By Business staff Email
FM Global, the Johnston-based property-casualty carrier, may bid for a 142-year-old American International Group Inc. business that sells coverage on equipment and power plants. "Weve had some indirect contact with AIG about a potential deal for Hartford Steam Boiler," FM......
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5:32 PM Mon, Dec 01, 2008 | Permalink |
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By Tim Barmann Email
The outlook for winter heating costs is much brighter than it was just a couple months ago, thanks to the steep decline in energy prices. Those who can breathe the biggest sigh of relief are the people who use heating......
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4:45 PM Mon, Dec 01, 2008 | Permalink |
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By maria caporizzo Email
Richard M. Oster, who rose to the top of the business world as chairman of the London-based Cookson Group PLC, a multinational company, died Monday at Providence's Miriam Hospital. A resident of Barrington, he was 73. "He was a man......
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12:49 PM Mon, Dec 01, 2008 | Permalink |
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By maria caporizzo Email
Moody's Investors Service today released a detailed analysis of Rhode Island's credit outlook for the near and short term. While the treasurer's office released updated credit ratings from Moody's and other credit rating agencies last week, today's analysis offers an......
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11:14 AM Mon, Dec 01, 2008 | Permalink |
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By Tim Barmann Email
Gasoline prices in Rhode Island continued their unprecedented drop, with the average price falling another 4 cents over the past week. A survey of local stations by the Rhode Island Office of Energy Resources found an average price of $1.879......
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10:40 AM Mon, Dec 01, 2008 | Permalink |
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By Business staff Email
Planet Fitness today plans to open a new health club at 387 West Fountain Street, in a mixed-use project developed by The Armory Revival Co in the West End of Providence. The 6,000-square-foot gym features more than 80 pieces of......
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7:46 AM Mon, Dec 01, 2008 | Permalink |
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By Business staff Email
General Growth Properties, the owner of Providence Place mall that is considering filing for bankruptcy protection, got a two-week extension from its lenders on $900 million in mortgage loans. General Growth and the banks are discussing a longer extension to......
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