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February 8, 2009 - February 14, 2009 Archives
2:51 PM Fri, Feb 13, 2009 | Permalink |
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By Jack Perry Email
By C. Eugene Emery Jr. Journal staff writer PROVIDENCE -- Two of the four stations still broadcasting an analog signal in the Providence/New Bedford market will keep those signals operational after Tuesday night's conversion to digital, but all of their......
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2:31 PM Fri, Feb 13, 2009 | Permalink |
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By Andy Smith Email
Johnson & Wales University did not sugarcoat the economy in a series of job seminars for students today. In a session called Navigating Your Job Search in A Recession, students were told that a succesful job hunt could take at......
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9:51 AM Fri, Feb 13, 2009 | Permalink |
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By Paul Grimaldi Email
Executives at Hasbro Inc. said this morning the company is abandoning its "tween" electronics category as children prefer "the real thing" to the toy-style counterparts the company has marketed for most of the decade. That's a change from 2005, when......
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9:02 AM Fri, Feb 13, 2009 | Permalink |
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By Paul Grimaldi Email
The head of Hasbro told investment analysts today the company has frozen salaries and travel expenses as it deals with the worsening economy. Brian Goldner, Hasbro's president and chief executive officer, made the announcement at the end of a presentation......
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8:08 AM Fri, Feb 13, 2009 | Permalink |
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By Business staff Email
Cleveland Clinic in Ohio and MinuteClinic, the retail health centers set up by CVS Caremark Corp., are collaborating to operate the clinics at several locations in CVS/pharmacy stores in Northeast Ohio. David Bronson, chairman of the Medicine Institute at Cleveland......
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5:14 PM Thu, Feb 12, 2009 | Permalink |
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By Neil Downing Email
More than 35,000 out-of-work Rhode Islanders could soon start receiving an extra $25 in their weekly unemployment benefit as a result of the federal economic stimulus bill that is close to approval. In addition, more than 16,000 Rhode Islanders who......
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4:07 PM Thu, Feb 12, 2009 | Permalink |
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By Bruce Landis Email
DOT Director Michael P. Lewis says he is ready to start spending the roughly $140 million he expects to get under the economic stimulus package now before Congress. The DOT has a list of 51 projects ready to go, and......
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12:28 PM Thu, Feb 12, 2009 | Permalink |
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By Business staff Email
Employees of Garrity Industries' flashlight plant in Ashaway will be eligible for extra help through the Trade Adjustment Assistance program. The federal program helps laid-off workers whose jobs were lost due to global trade. Eligible employees get federal help with......
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11:27 AM Thu, Feb 12, 2009 | Permalink |
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By Paul Edward Parker Email
Passenger traffic at T.F. Green Airport declined 10 percent last month compared to the same period a year ago, according to data out this morning from the state's airport agency. In all, 310,211 passengers used the airport last month,......
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9:15 AM Thu, Feb 12, 2009 | Permalink |
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By Business staff Email
Providence-based Textron Inc.'s Bell helicopter division won orders for 3 new units in January, compared with 40 in the comparable month a year earlier as the credit crunch damped demand, Bell's Senior Vice President Robert Fitzpatrick said today. "Helicopter demand......
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7:22 AM Thu, Feb 12, 2009 | Permalink |
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By Business staff Email
U.S. Sen. Jack Reed (D-RI), is scheduled this morning to call for stronger regulatory oversight of hedge funds in a speech at the Brookings Institution in Washington. Reed, chairman of the Senate Banking Subcommittee on Securities, Insurance, and Investment, will......
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2:56 PM Wed, Feb 11, 2009 | Permalink |
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By Paul Grimaldi Email
Stop & Shop, Rite Aid and Kmart have added to the growing list of foods recalled because of possibly tainted peanut ingredients. The U.S. Food and Drug Administration identified the source of salmonella-contaminated peanut butter and related products as a......
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2:48 PM Wed, Feb 11, 2009 | Permalink |
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By Neil Downing Email
Rhode Island House Speaker William J. Murphy says he does not want to see increases in broad-based taxes, but cannot issue a blanket guarantee. "Our goal is not to raise taxes," Murphy told more than 650 business leaders and others......
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2:43 PM Wed, Feb 11, 2009 | Permalink |
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By Neil Downing Email
Edward J. Cooney, chairman of the Greater Providence Chamber of Commerce, said today that Rhode Island's tax policy needs changing. "Dramatic steps need to be taken . . . What we have now simply doesn't work," Cooney told more than......
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1:35 PM Wed, Feb 11, 2009 | Permalink |
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By Paul Grimaldi Email
Fast-food chain KFC this week joined restaurant competitors trying to keep recession-wary Americans from starving their bottom lines. The Louisville, Ky., chain, famous for serving up buckets of chicken legs on the cheap, wants to drum up business with a......
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8:20 AM Wed, Feb 11, 2009 | Permalink |
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By Business staff Email
State Transportation Director Michael P. Lewis is traveling to Washington today to meet with White House leaders at a transportation forum on the economic stimulus package now before Congress, the DOT said. The tentative agenda includes remarks by U.S. Secretary......
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8:17 AM Wed, Feb 11, 2009 | Permalink |
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By Business staff Email
Public officials will gather today to celebrate the opening of the new corporate headquarters of InQuest Technologies, a developer of web-based business applications, at 300 West Exchange St., Providence. The company's expansion was supported by a $750,000 loan from the......
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5:36 PM Tue, Feb 10, 2009 | Permalink |
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By Andy Smith Email
Citadel Broadcasting, which owns five radio stations in the Rhode Island market, has laid off three of its on-air personalities, including Charlie Jefferds, a long-time DJ on WWLI-FM (Lite 105) and a member of the Rhode Island Radio Hall of......
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5:29 PM Tue, Feb 10, 2009 | Permalink |
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By Bruce Landis Email
PROVIDENCE, R.I. -- State Transportation Director Michael P. Lewis will go to Washington Wednesday to meet with White House leadership at a transportation forum on the economic stimulus package now before Congress, the DOT said. The tentative agenda includes......
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4:02 PM Tue, Feb 10, 2009 | Permalink |
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By Paul Edward Parker Email
Central Falls had the highest rate of property foreclosures in Southern New England last year and Providence had the third highest, according to a Providence Journal analysis of data from the Warren Group, a Boston-based real estate consulting firm.......
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3:59 PM Tue, Feb 10, 2009 | Permalink |
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By Neil Downing Email
More than 1,200 people have applied to fill 40 new jobs at the state Department of Labor and Training to process claims for unemployment benefits, agency director Sandra M. Powell said today. There are so many candidates, the agency will......
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3:01 PM Tue, Feb 10, 2009 | Permalink |
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By Jack Perry Email
ATTLEBORO, Mass. (AP) - Sensata Technologies Inc. is laying off 100 workers in Massachusetts after another 50 accepted voluntary buyout offers. Linda Megathlin, spokeswoman for the manufacturer of sensors and controls, said Tuesday the job cuts at its Attleboro headquarters......
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1:11 PM Tue, Feb 10, 2009 | Permalink |
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By Jack Perry Email
Providence Journal video / Bill Murphy Outside the offices of Allan Shine, the court-appointed receiver for The Colibri Group, former workers -- who lost their jobs when an East Providence jewelry plant closed -- take to the street. Workers......
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1:05 PM Tue, Feb 10, 2009 | Permalink |
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By Jack Perry Email
BOSTON (AP) -- A federal judge has refused to reconsider his order suspending key New England fishing rules, leaving fishermen wondering which rules are in place. Last month, U.S. District Judge Edward Harrington suspended the rules, called Framework 42, saying......
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11:27 AM Tue, Feb 10, 2009 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Steve Szydlowski Senate President M. Teresa Paiva-Weed, at the time the Senate majority leader, speaks at last year's Legislative Luncheon. House Speaker William J. Murphy and Senate President M. Teresa Paiva-Weed will discuss the state's......
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8:38 AM Tue, Feb 10, 2009 | Permalink |
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By Business staff Email
Laid-off workers from the closed Colibri jewelry plant planned to rally this morning to demand 60 days pay and 60 days benefits. "We are united...our families cannot wait 6 months to put food on the table, pay our mortgages or......
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8:20 AM Tue, Feb 10, 2009 | Permalink |
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By Business staff Email
The salary of Laura Sen, who took over as CEO at BJ's Wholesale Club on Feb. 4, has been boosted to $900,000, according to a federal regulatory filing. Sen, 52, also was granted 42,962 shares of restricted stock, which will......
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8:07 AM Tue, Feb 10, 2009 | Permalink |
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By Business staff Email
Julianne Bowler, a former commissioner of the Massachusetts Division of Insurance, has joined the Narragansett Bay Insurance Co., in Pawtucket, as senior consultant for corporate and strategic initiatives. "Julie Bowler has developed an outstanding reputation in the insurance industry with......
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6:44 PM Mon, Feb 09, 2009 | Permalink |
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By Neil Downing Email
Governor Carcieri's tax-reform panel last week proposed the elimination of the state's corporate income tax. But what about the thousands of small businesses that are not subject to the corporate income tax? They would get a tax break, too. A......
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4:58 PM Mon, Feb 09, 2009 | Permalink |
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By Paul Grimaldi Email
New federal regulations that take effect tomorrow will require retailers to pull toys, clothing and other children's products from their shelves if the items don't meet new, stricter limits for lead and chemical content. "Tomorrow is our Apocalypse Now date,"......
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12:56 PM Mon, Feb 09, 2009 | Permalink |
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By Benjamin N. Gedan Email
Journal photo / Frieda Squires The International Yacht Restoration School is going ahead with its annual Marine Industry Career Day, despite a series of high-profile layoffs at local boat builders that have cast a shadow over the industry. The......
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12:51 PM Mon, Feb 09, 2009 | Permalink |
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By Benjamin N. Gedan Email
By News Staff The Yamaha Corporation of America, citing tough economic times, has notified the Newport Music Festival that it is pulling its sponsorship of the classical-music event after 22 seasons. "It's a major blow," said Mark Malkovich, the festival's......
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10:59 AM Mon, Feb 09, 2009 | Permalink |
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By Paul Grimaldi Email
Journal archive photo / Andrew Dickerman Former Textron CFO Ted R. French at the company's annual meeting in 2005. Textron Inc. today continued changing its management team as the Providence-based manufacturing conglomerate tries to regain its footing after a......
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10:10 AM Mon, Feb 09, 2009 | Permalink |
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By Benjamin N. Gedan Email
A project to replace the Sakonnet River Bridge, studied and debated for the past 15 years, is "apparently on the move," The Providence Journal's Bruce Landis reported in The Providence Sunday Journal. "The bridge is a critical part of the......
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9:04 AM Mon, Feb 09, 2009 | Permalink |
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By Business staff Email
Northwest Woolen Mills, a division of The Brickle Group, has won a $19 million, six- year contract to manufacture military berets for the U.S. Dept. of Defense. The contract will allow the company to add employees to the current workforce......
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7:41 AM Mon, Feb 09, 2009 | Permalink |
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By Business staff Email
Pawtucket-based Hasbro Inc., the world's second- largest toymaker, this morning said fourth-quarter profit fell because of a slowdown in consumer spending and a strengthening dollar. Net income dropped 30 percent to $93.6 million, or 62 cents a share, from $133.7......
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