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April 26, 2009 - May 2, 2009 Archives
5:27 PM Thu, Apr 30, 2009 | Permalink |
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By Maria Armental  Email
By Bruce Landis Journal Staff Writer PROVIDENCE, R.I -- The state Turnpike and Bridge Authority needs to make $50-million worth of repairs to the Pell and Mount Hope bridges, and needs a toll increase to pay for them, Chairman David......
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2:18 PM Thu, Apr 30, 2009 | Permalink |
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By Paul Grimaldi Email
Newport Harbor Corp. is buying Hemenway's Seafood Grill & Oyster Bar, the popular restaurant overlooking the Providence River. The restaurant, on the ground floor of 121 South Main St., an 11-story office tower on river's east bank, opened in 1985.......
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1:05 PM Thu, Apr 30, 2009 | Permalink |
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By Jack Perry Email
By Paul Edward Parker Journal Staff Writer Two surveys of the Rhode Island housing show a dismal performance in the first three months of 2009. According to the Rhode Island Association of Realtors, the median sales price of single-family houses......
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12:12 PM Thu, Apr 30, 2009 | Permalink |
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By Paul Grimaldi Email
Walt Disney Co. (DIS: NYSE) on Thursday reached a deal to become a partner in the popular Hulu Web site founded by NBC Universal and News Corp., the companies said Thursday. Among the other partners in the video Web site......
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7:49 AM Thu, Apr 30, 2009 | Permalink |
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By Business staff Email
Pawtucket-based Hasbro Inc. and Discovery Communications Inc. announced Thursday an agreement to form a 50/50 joint venture, including a television network and Web site, dedicated to high-quality children's and family entertainment and educational programming. The project is scheduled to appear......
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4:42 PM Wed, Apr 29, 2009 | Permalink |
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By Benjamin N. Gedan Email
By Katherine Gregg PROVIDENCE, R.I. -- A bill calling for automatic annual increases in the minimum wage to keep it in line with "the rate of inflation'' is slated for a vote by the Senate Labor Committee on Wednesday. The......
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4:30 PM Wed, Apr 29, 2009 | Permalink |
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By Benjamin N. Gedan Email
Former Providence Journal reporter Dan Barry was in Fall River recently, where he found a city "all too familiar with hard times" that is being battered anew by the recession. "Once a textile manufacturing capital, the city has spent most......
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2:53 PM Wed, Apr 29, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
By Paul Edward Parker Journal staff writer WARWICK, R.I. -- The national housing market has returned to its normal balance after a buying frenzy in the first part of this decade led to a collapse last year, an economist with......
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2:06 PM Wed, Apr 29, 2009 | Permalink |
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By News staff Email
By Benjamin N. Gedan Journal staff writer Hasbro chairman Alfred J. Verrecchia, who led a review panel that was highly critical of the state Economic Development Corporation, is defending the board that leads the agency. The review panel that studied......
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9:58 AM Wed, Apr 29, 2009 | Permalink |
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By Jack Perry Email
WASHINGTON (AP) -- Textron Inc. says it will eliminate 8,200 jobs, or 20 percent, of its global work force as the recession continues to weaken demand for corporate planes. The Providence-based company says it will now deliver 290 to 300......
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9:13 AM Wed, Apr 29, 2009 | Permalink |
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By Business staff Email
Providence-based Textron Inc. said on Wednesday t expects to deliver no more than 300 Cessna corporate jets this year, about 20 percent less than its previous forecast, and to stop work on the new Columbus aircraft as a global recession......
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9:09 AM Wed, Apr 29, 2009 | Permalink |
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By Jack Perry Email
BOSTON (AP) -- The median selling price of single-family homes in Massachusetts fell by more than 18 percent in the first quarter when compared to the year-ago quarter, while sales fell by about 10 percent. The Massachusetts Association of Realtors......
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4:32 PM Tue, Apr 28, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
Providence Journal photo / Frieda Squires Brown University's Clyde L. Briant, right, and Brendan C. McNally at the newly opened Rhode Island Center for Entrepreneurship and Innovation. By Benjamin N. Gedan Journal staff writer PROVIDENCE, R.I. -- Brown University......
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3:56 PM Tue, Apr 28, 2009 | Permalink |
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By Neil Downing Email
If you collect unemployment benefits through the Rhode Island Department of Labor and Training, heads up: You may have to take an extra step to keep the benefits flowing. If you are receiving a certain type of unemployment benefit --......
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3:44 PM Tue, Apr 28, 2009 | Permalink |
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By Neil Downing Email
Look out for sneaky e-mails that appear to come from the Internal Revenue Service or the U.S. Treasury. Sometimes, the messages promise a refund or rebate. But no matter the content, the messages are mainly looking to trick you into......
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9:17 AM Tue, Apr 28, 2009 | Permalink |
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By Business staff Email
New England's unemployment rate rose 0.2 percentage point in March to 7.8 percent - the highest it had been since December 1992; nationally, the unemployment rate rose from 8.1 to 8.5 percent in March. Over the year, New England's unemployment......
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9:16 AM Tue, Apr 28, 2009 | Permalink |
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By News staff Email
BOSTON (AP) -- House lawmakers overwhelmingly backed a plan to raise the state sales tax from 5 percent to 6.25 percent late Monday, despite a last-minute veto threat from Governor Patrick. By a 108-to-51 vote, lawmakers approved the plan pushed......
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7:28 AM Tue, Apr 28, 2009 | Permalink |
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By Business staff Email
Lottomatica SpA, owner of Providence-based GTECH Corp., said Tuesday that Chairman Lorenzo Pellicioli will step down as chief executive officer and that he proposed Marco Sala as the new CEO. Pellicioli will continue to serve as chairman, the company......
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4:30 PM Mon, Apr 27, 2009 | Permalink |
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By News staff Email
WARREN -- Federal stimulus aid was felt on Main Street on Monday as Jamiel's Shoe World -- a local business for 72 years -- celebrated that it will stay in business thanks to a $400,000 loan backed by the Small......
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1:06 PM Mon, Apr 27, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
PROVIDENCE, R.I. - The steady increase in gasoline prices continues. The Rhode Island Office of Energy Resources' said Monday its weekly survey of 16 stations found that the price of unleaded self-serve gasoline jumped another two cents, to $2.12. The......
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9:02 AM Mon, Apr 27, 2009 | Permalink |
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By Neil Downing Email
First-quarter net earnings fell sharply at Washington Trust Bancorp Inc. (NASDAQ: WASH), partly because the Westerly-based company tripled the amount it sets aside to cover losses on loans, a result of the recession. Washington Trust Bancorp, parent company of The......
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8:27 AM Mon, Apr 27, 2009 | Permalink |
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By Business staff Email
CVS Caremark Corp. and Walgreen Co., the two largest U.S. drug-store chains, are preparing stores for a possible rush on hygiene products and pharmaceuticals as swine flu spreads through North America. Walgreen purchasing managers met over the weekend with suppliers......
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7:32 AM Mon, Apr 27, 2009 | Permalink |
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By Business staff Email
Royal Bank of Scotland Group, owner of Providence-based Citizens Financial Group, is moving its New York employees from an office near Grand Central Terminal and relocating them to Stamford, Connecticut, where the Edinburgh-based bank is centralizing U.S. operations. The new......
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