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March 22, 2009 - March 28, 2009 Archives
6:46 PM Fri, Mar 27, 2009 | Permalink |
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By Neil Downing  Email
By Neil Downing Providence Journal MoneyLine Columnist If you've lost your job and are collecting unemployment benefits, you have at least some comfort knowing that the first $2,400 of your benefits will escape federal income tax. It's the result of......
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3:35 PM Fri, Mar 27, 2009 | Permalink |
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By Paul Grimaldi Email
A Woonsocket-based manufacturer of health and safety products for children said Friday it plans to lay off about 17 of its 170 employees over the next several months. Summer Infant Inc. also plans to sell its new corporate headquarters to......
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3:00 PM Fri, Mar 27, 2009 | Permalink |
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By Barbara Polichetti Email
Colibri, the bankrupt East Providence jewelry maker, has auctioned off most of its assets. Journal file photo / Steve Szydlowski The high-end cigarette lighters, Seth Thomas clocks, Movado watches and other brand-name accessories long under the umbrella of East......
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11:14 AM Fri, Mar 27, 2009 | Permalink |
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By Benjamin N. Gedan Email
Journal file photo / Connie Grosch Sandra M. Powell, director of the Department of Labor and Training, has repeatedly been called to testify at the House Finance Committee about backlogs at the state's unemployment insurance office. Here's one national......
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8:39 AM Fri, Mar 27, 2009 | Permalink |
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By Business staff Email
Providence and Worcester Railroad Co. reported a 2008 profit of $166,000, or three cents a share, compared with its 2007 loss of $652,000, or 14 cents a share. Revenue rose 14 percent last year to $30.79 million. Revenue was boosted......
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5:55 PM Thu, Mar 26, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
PROVIDENCE, R.I. - Brown University researchers have developed a system that lets robots follow people better than some dogs follow their masters. A group led by Chad Jenkins, an assistant professor of computer science, came up with a way for......
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3:18 PM Thu, Mar 26, 2009 | Permalink |
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By Bruce Landis Email
Governor Carcieri is shifting $20 million to the cities and towns to help them resurface roads and replace sidewalks. The move followed complaints from local officials who have watched the state Department of Transportation receive $138 million for highway and......
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2:36 PM Thu, Mar 26, 2009 | Permalink |
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By Business staff Email
PROVIDENCE, R.I. -- Amtrak is getting a $1.3 billion-boost in federal stimulus money, a big chunk of which will be used in Northeast Corridor facilities to tighten security, bring needed upgrades and efficiency to those locations. The funding, a part......
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1:03 PM Thu, Mar 26, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
By Paul Edward Parker Journal Staff Writer Single-family houses in Rhode Island lost a quarter of their value from February last year to February this year, according to a report by a Boston-based real estate consulting firm. The median sales......
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12:33 PM Thu, Mar 26, 2009 | Permalink |
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By Benjamin N. Gedan Email
Governor Carcieri Thursday called for training more biotechnology workers in Rhode Island, saying the state faces intense competition for high-tech companies. "There's a huge competition going on right now, not just in this country but internationally, for this industry," Carcieri......
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9:40 AM Thu, Mar 26, 2009 | Permalink |
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By Jack Perry Email
PROVIDENCE, R.I. (AP) -- The median price of a home in Rhode Island has fallen by 20 percent or more for four straight months compared with the same time last year. The Warren Group, a Boston-based real estate consulting firm,......
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12:43 PM Wed, Mar 25, 2009 | Permalink |
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By Andy Smith Email
The Governor's Workforce Board announced Wednesday that it is awarding $2 million in workforce training grants to 77 Rhode Island employers. The grants will benefit nearly 6,700 workers. The grants, which are matched on a 50/50 basis by employers, are......
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11:02 AM Wed, Mar 25, 2009 | Permalink |
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By Benjamin N. Gedan Email
PROVIDENCE, R.I. -- Grow Smart Rhode Island Wednesday called for a "major shift" in the state's economic development model, arguing that high technology companies are most likely to be built in "historic, funky and vibrant neighborhoods." In releasing its recommendations,......
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9:53 AM Wed, Mar 25, 2009 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Gretchen Ertl Governor Carcieri visits the state's booth at the BIO International Convention in Boston in May 2007. PROVIDENCE, R.I. -- Governor Carcieri will speak at a conference in Providence on Thursday to discuss how......
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8:16 AM Wed, Mar 25, 2009 | Permalink |
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By Business staff Email
Warwick Ice Cream is expanding by leasing a 15,000 square foot warehouse off Jefferson Blvd. in Warwick to store dry goods items. The space will be used as a packing area and storage for products for large outside companies. Warwick......
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3:29 PM Tue, Mar 24, 2009 | Permalink |
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By Benjamin N. Gedan Email
Scott Brass, a Cranston metal manufacturer that shut down last October and laid off its 50 workers, is reopening. Stoutheart Corp., based in Cleveland, Ohio, has purchased the business and restarted production, according to Lawrence DiBoni, the economic development director......
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2:40 PM Tue, Mar 24, 2009 | Permalink |
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By Benjamin N. Gedan Email
No wonder T.F. Green Airport is in the dumps. Globally, airlines are expected to lose $4.7 billion this year, with revenues falling faster than after the Sept. 11, 2001 terrorist attacks, The Huffington Post reported Tuesday. The story cites a......
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1:32 PM Tue, Mar 24, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
EAST GREENWICH, R.I. - With today's headlines talking about junk bonds, bad loans and Ponzi schemes, the town has decided to offer an investment opportunity to consumers that should be a lot more stable -- itself. On April 8, when......
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9:45 AM Tue, Mar 24, 2009 | Permalink |
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By Paul Grimaldi Email
Gulf Oil has discount deals going with two of the region's major food dealers -- Dunkin' Donuts and Shaw's Supermarkets -- to offer customers gasoline savings through a retail partner program. Shoppers who make a minimum purchase of $50 worth......
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8:39 AM Tue, Mar 24, 2009 | Permalink |
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By Jack Perry Email
WASHINGTON, D.C. -- A Rhode Islander who saw the interest rate on his credit card more than double even though he made regular payments on the account will testify this morning at a Senate subcommittee hearing on abusive credit card......
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8:32 AM Tue, Mar 24, 2009 | Permalink |
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By Business staff Email
James V. DeRentis, executive vice president and chief business officer at Bancorp Rhode Island, will resign, effective April 3, according to a regulatory filing. "Jim has played a large role in helping to grow BankRI from a relatively unknown startup......
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3:17 PM Mon, Mar 23, 2009 | Permalink |
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By Andy Smith Email
East Providence, RI -- Victoria & Co., the East Providence firm that designs, markets and distributes wholesale fashion jewelry and other products for its owner, the Jones Apparel Group, Inc., is cutting about 70 jobs in Rhode Island. "It is......
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3:05 PM Mon, Mar 23, 2009 | Permalink |
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By Bruce Landis Email
A Narragansett woman has sued two Massachusetts agencies, accusing them of "blatant" discrimination in the tolls they charge to out-of-state residents. Carol L. Surprenant, a retired University of Rhode Island business professor, filed the lawsuit Friday against the Massachusetts Turnpike......
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2:23 PM Mon, Mar 23, 2009 | Permalink |
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By Benjamin N. Gedan Email
By Paul Edward Parker Journal Staff Writer The average number of passengers using T.F. Green Airport each day in February fell 9 percent compared to a year ago, according to numbers compiled by the state's airport agency. And February 2008......
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12:12 PM Mon, Mar 23, 2009 | Permalink |
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By Benjamin N. Gedan Email
PROVIDENCE, R.I. -- Providence-based GTECH Holdings Corp. has won a seven-year contract to design online lottery games for the State of New York, the company announced. The state has the option to extend the contract for three additional years. The......
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11:33 AM Mon, Mar 23, 2009 | Permalink |
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By Benjamin N. Gedan Email
The state Economic Development Corporation today is debating this year's Economic Growth Plan, a policy paper that helps define the agency's agenda. In introducing last year's plan, the EDC warned that Rhode Island was at a "tipping point" and called......
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10:39 AM Mon, Mar 23, 2009 | Permalink |
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By Benjamin N. Gedan Email
Keep college grads in R.I. Build the country's first offshore wind farm. Link entrepreneurs and college innovators. Those are some of the suggestions for fixing the state's economy from the state's most promising high-tech entrepreneurs featured in The Providence Sunday......
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8:52 AM Mon, Mar 23, 2009 | Permalink |
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By Business staff Email
The U.S. Commerce Department's Economic Development Administration has granted $60,000 to the Southeastern Regional Planning and Economic Development District in Taunton, Mass., to continue economic development planning. Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer, said, "This EDA grant......
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