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January 4, 2009 - January 10, 2009 Archives
4:18 PM Fri, Jan 09, 2009 | Permalink |
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By Benjamin N. Gedan  Email
State Sen. Joshua Miller, D-Cranston, will head the Corporations Committee, which controls key legislation regarding state business regulations. Miller, who runs two restaurants in downtown Providence, learned of his appointment this morning. He announced his new role today at the......
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3:25 PM Fri, Jan 09, 2009 | Permalink |
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By Benjamin N. Gedan Email
New data from the secretary of state's office reveals a deep decline in new businesses moving into Rhode Island last year, the sharpest drop since the state began keeping records more than a decade ago. The number of new business......
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2:07 PM Fri, Jan 09, 2009 | Permalink |
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By Business staff Email
Cumberland-based Collegium Pharmaceutical, Inc., a specialty pharmaceutical developer, said the U.S. Food and Drug Administration has approved the nasal spray the company developed. The spray is an aqueous-based steroid for once daily treatment of symptoms associated with both seasonal and......
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10:44 AM Fri, Jan 09, 2009 | Permalink |
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By Business staff Email
Woonsocket-based CVS Caremark Corp. this morning forecast a smaller 2009 profit than Wall Street expected, pointing to uncertainty in the U.S. economy. On a conference call, CVS Chief Executive Tom Ryan said the company expects a profit of $2.53 to......
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8:19 AM Fri, Jan 09, 2009 | Permalink |
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By Business staff Email
Lowe's Companies plans today to open its new store in North Kingstown. The home improvement store will be at 1530 Davisville Road, the northwest corner of Gate and Davisville roads. It will have 117,000 square feet of retail sales space......
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12:09 AM Fri, Jan 09, 2009 | Permalink |
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By Neil Downing Email
U.S. Sen. Sheldon Whitehouse has asked Senate leaders to consider a temporary increase in Social Security benefits as part of a broader federal economic stimulus package. A boost in benefits would help to ensure that seniors and the disabled received......
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4:50 PM Thu, Jan 08, 2009 | Permalink |
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By Paul Edward Parker Email
When T.F. Green Airport compiles it passenger traffic numbers in the next couple of weeks, they will show that 2008 was the worst year in a decade and the first time since 1998 that the airport failed to reach 5......
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4:01 PM Thu, Jan 08, 2009 | Permalink |
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By Christine Dunn Email
Brown University received 90 inquiries about the two historic houses on Angell Street in Providence it will sell for $10 apiece, but only 9 parties returned detailed proposals to buy the houses, which will be moved to make way for......
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12:18 PM Thu, Jan 08, 2009 | Permalink |
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By Business staff Email
Since it opened for occupancy last September, just five condominiums at Intercontinental Real Estate Corp.'s Waterplace towers in Providence have been sold, but 70 more have been leased, many by people who have exercised a rent-to-own option. Paul J. Nasser,......
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1:14 AM Thu, Jan 08, 2009 | Permalink |
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By Neil Downing Email
The Internal Revenue Service seeks volunteers to help prepare federal income tax returns in Rhode Island through the IRS's Volunteer Income Tax Assistance (VITA) program. VITA provides free return preparation help to people who can't afford to hire a professional.......
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7:12 PM Wed, Jan 07, 2009 | Permalink |
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By Neil Downing Email
The new state tax forms are now available online. The Rhode Island Division of Taxation has updated its Web site to include personal income tax forms for the 2008 tax year. So if you can't wait for your tax booklet......
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3:29 PM Wed, Jan 07, 2009 | Permalink |
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By Benjamin N. Gedan Email
Buy Local RI is hoping to take what Farm Fresh Rhode Island did for farms and expand it throughout the state's economy by getting Rhode Islanders to support locally owned business. Michael Tanaka, a spokesman for Lt. Gov. Elizabeth Roberts,......
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3:29 PM Wed, Jan 07, 2009 | Permalink |
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By Benjamin N. Gedan Email
Pawtucket-based Collette Vacations has laid off 40 employees, saying the economic slowdown has would-be travelers opting for less-elaborate holidays. Advanced bookings for travel this year are down 21 percent, John Galvin, the chief financial officer, said in an interview today.......
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10:28 AM Wed, Jan 07, 2009 | Permalink |
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By Benjamin N. Gedan Email
Organizers of a campaign to promote local products to boost the state's souring economy are gathering today to "develop a more permanent organization." Lt. Gov. Elizabeth Roberts, chairwoman of the Small Business Advocacy Council says organizers plan to launch a......
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7:32 AM Wed, Jan 07, 2009 | Permalink |
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By Business staff Email
An estimated 4,000 workers in Rhode Island can receive on-the-job training when the Governor's Workforce Board RI awards up to $2 million in employee training grants this winter. "The Governor's Workforce Board grants are a $4-million public and private sector......
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4:03 PM Tue, Jan 06, 2009 | Permalink |
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By News staff Email
By Michael McKinney Projo.com staff writer Imax Corp. has sold Feinstein Imax Theatre in the Providence Place mall to Quincy Amusement of Dedham, Mass. That means Rhode Island philanthropist Alan Shawn Feinstein and Imax "part company," according to a news......
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1:26 PM Tue, Jan 06, 2009 | Permalink |
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By Business staff Email
Lt. Gov. Elizabeth Roberts, chairperson of the Small Business Advocacy Council, will meet with small businesses to form a Buy Local RI organization on Wednesday at the Rhode Island Economic Development Corporation in Providence. Buy Local RI, the statewide initiative......
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8:31 AM Tue, Jan 06, 2009 | Permalink |
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By Business staff Email
Rhode Island, Massachusetts and 9 other Northeast and Mid-Atlantic states have agreed to create a low carbon fuel standard to reduce greenhouse gases. Massachusetts Secretary of Energy and Environmental Affairs Ian Bowles said the states will come up with a......
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7:49 AM Tue, Jan 06, 2009 | Permalink |
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By Business staff Email
Providence-based Textron made a $625 million cash payment to its Textron Financial Corp. unit to meet ratio and leverage requirements. Textron made the payment Dec. 29, according to a filing today with the U.S. Securities and Exchange Commission. As part......
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3:50 PM Mon, Jan 05, 2009 | Permalink |
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By Andy Smith Email
The International Yacht Restoration School (IYRS) in Newport will host a career information session Thursday evening from 6 to 8 in the auditorium on the Newport Campus of the Community College of Rhode Island. The session will offer information about......
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12:19 PM Mon, Jan 05, 2009 | Permalink |
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By Tim Barmann Email
There may not be room in its newsroom for the state's legions of unemployed, but The Rhode Island Catholic, the weekly newspaper of the Diocese of Providence, is trying to lend a hand. Bishop Thomas J. Tobin has announced plans......
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10:13 AM Mon, Jan 05, 2009 | Permalink |
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By Lynn Arditi Email
House prices in Rhode Island fell nearly 20 percent in November, and sales for the month fell to their lowest level in more than a decade, The Warren Group reported today. The median price of a single-family house in November......
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8:52 AM Mon, Jan 05, 2009 | Permalink |
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By Business staff Email
The median selling price for single-family homes in Rhode Island plunged almost 20 percent in November, marking the steepest percentage decline in year-over-year monthly prices since The Warren Group began tracking the state's real estate market in 1989. The median......
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8:09 AM Mon, Jan 05, 2009 | Permalink |
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By Business staff Email
Governor Carcieri this morning will join the new owners and employees of Bradford Printing and Finishing LLC to reopen the reorganized company in Westerly. Bradford Printing and Finishing replaces the old Bradford Dyeing Association, which closed its doors in late......
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