Projo Biz Blog

February 8, 2009 - February 14, 2009 Archives


Update: TV stations to drop analog programming Wed.

2:51 PM Fri, Feb 13, 2009 | | Write a comment
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......

social bookmarking


J&W Students Learn to Face the Recession

2:31 PM Fri, Feb 13, 2009 | | Write a comment
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......

social bookmarking


Hasbro turns off switch for 'tween' electronic toys

9:51 AM Fri, Feb 13, 2009 | | Write a comment
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......

social bookmarking


Hasbro freezes salaries, travel expenses

9:02 AM Fri, Feb 13, 2009 | | Write a comment
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......

social bookmarking


Cleveland Clinic and CVS form pact for retail health centers

8:08 AM Fri, Feb 13, 2009 | | Write a comment
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......

social bookmarking


R.I. jobless to benefit from federal stimulus bill

5:14 PM Thu, Feb 12, 2009 | | Comments (1)
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......

social bookmarking


Lewis: DOT ready to spend federal stimulus money

4:07 PM Thu, Feb 12, 2009 | | Write a comment
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......

social bookmarking


Ashaway company workers win federal assistance

12:28 PM Thu, Feb 12, 2009 | | Comments (1)
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......

social bookmarking


Travel at Green Airport dives in January

Passengers head to the security check point at T.F. Green Airport. 11:27 AM Thu, Feb 12, 2009 | | Comments (1)
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,......

social bookmarking


Textron's helicopter sales slump in credit crunch

9:15 AM Thu, Feb 12, 2009 | | Write a comment
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......

social bookmarking


Reed calls for tougher oversight of hedge funds

7:22 AM Thu, Feb 12, 2009 | | Comments (1)
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......

social bookmarking


Stop & Shop, Rite Aid, Kmart add to list of recalled peanut foods

2:56 PM Wed, Feb 11, 2009 | | Write a comment
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......

social bookmarking


House Speaker's goal: No tax increases

2:48 PM Wed, Feb 11, 2009 | | Write a comment
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......

social bookmarking


Chamber chairman says changes needed in R.I. tax policy

2:43 PM Wed, Feb 11, 2009 | | Write a comment
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......

social bookmarking


Today's special: Restaurant chains serve up price breaks on food, drink

1:35 PM Wed, Feb 11, 2009 | | Write a comment
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......

social bookmarking


RI official heads to D.C. for stimulus briefing

8:20 AM Wed, Feb 11, 2009 | | Comments (1)
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......

social bookmarking


Tech company expands with state loan

8:17 AM Wed, Feb 11, 2009 | | Write a comment
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......

social bookmarking


Charlie Jefferds, two other R.I. DJs, laid off by Citadel

5:36 PM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


RIDOT's Lewis heads to White House for transportation forum

5:29 PM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


Central Falls, Providence led region in foreclosures last year

Foreclosed houses 4:02 PM Tue, Feb 10, 2009 | | Write a comment
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.......

social bookmarking


More than 1,200 people apply for 40 jobs at R.I. state agency

3:59 PM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


Attleboro company lays off 100

3:01 PM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


Ex-Colibri workers rally over pay, benefits/ Video

colibri.jpg 1:11 PM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


Judge won't reconsider suspending fishing rules

1:05 PM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


Top lawmakers to discuss state's economic woes

NPS78396.JPG 11:27 AM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


Laid-off Colibri workers to protest

8:38 AM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


BJ's CEO gets pay hike

8:20 AM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


Ex-Mass. insurance exec joins RI insurer

8:07 AM Tue, Feb 10, 2009 | | Write a comment
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......

social bookmarking


R.I. small businesses would save under tax-reform proposal

6:44 PM Mon, Feb 09, 2009 | | Write a comment
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......

social bookmarking


New safety rules go into effect for toys, children's products

4:58 PM Mon, Feb 09, 2009 | | Comments (1)
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,"......

social bookmarking


Marine Industry Career Day promises job leads despite 'sluggish economy'

lr0201_sailboats_02-01-09_S.JPG 12:56 PM Mon, Feb 09, 2009 | | Comments (1)
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......

social bookmarking


Yamaha bows out as Newport festival sponsor

12:51 PM Mon, Feb 09, 2009 | | Write a comment
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......

social bookmarking


French leaves Textron as management shakeout continues

Textron AD 9.JPG 10:59 AM Mon, Feb 09, 2009 | | Write a comment
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......

social bookmarking


From The Providence Sunday Journal: Pile driving in Portsmouth

10:10 AM Mon, Feb 09, 2009 | | Comments (1)
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......

social bookmarking


Woonsocket company wins military beret contract

9:04 AM Mon, Feb 09, 2009 | | Write a comment
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......

social bookmarking


Hasbro's profits slip

7:41 AM Mon, Feb 09, 2009 | | Write a comment
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......

social bookmarking