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May 10, 2009 - May 16, 2009 Archives
4:36 PM Sat, May 16, 2009 | Permalink |
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By Neil Downing  Email
Major League Baseball is not immune from the global recession, according to Boston Red Sox president and CEO Larry Lucchino. Major League Baseball, as an industry, "is not recession-proof," Lucchino told the Providence Journal in an interview following graduation ceremonies......
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2:36 PM Sat, May 16, 2009 | Permalink |
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By Neil Downing Email
Bryant University today awarded an honorary degree to Malcolm G. "Kim" Chace, a Rhode Island business leader and philanthropist. Chace received an honorary doctor of business administration during Bryant's undergraduate commencement, held at Bryant's campus in Smithfield. Bryant University President......
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11:53 AM Sat, May 16, 2009 | Permalink |
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By Neil Downing Email
Larry Lucchino, president and chief executive officer of the Boston Red Sox, was awarded an honorary degree today at Bryant University's undergraduate commencement ceremony in Smithfield. Bryant President Ronald K. Machtley praised Lucchino for his "unique business acumen" and "a......
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5:11 PM Fri, May 15, 2009 | Permalink |
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By News staff Email
WARWICK, R.I. -- If there's growth in commercial cargo flights in and out of Rhode Island, it is better suited to the airport at Quonset Point than T.F. Green Airport in Warwick, according to Kevin Dillon, president and CEO of......
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1:42 PM Fri, May 15, 2009 | Permalink |
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By Business staff Email
General Motors executives said Friday they wouldn't release the names of the 1,100 dealers that the struggling automaker is abandoning. GM dealerships around the country, included seven in Rhode Island, waited Friday morning for word, delivered either by telephone or......
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11:33 AM Fri, May 15, 2009 | Permalink |
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By Alex Kuffner Email
A Plymouth, Mass.-based green energy company is considering building a facility that manufactures wind turbines in Rhode Island. Aeronautica Wind Power has twice visited the Quonset Business Park, in North Kingstown, to look at a 40,000-square-foot space, according to Steven......
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9:07 AM Fri, May 15, 2009 | Permalink |
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By Business staff Email
General Motors Corp. dealers across the country, including seven in Rhode Island, are awaiting word Friday from the company about which of their contracts to sell GM vehicles will be voided. GM said it will notify the dealers by telephone......
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5:12 PM Thu, May 14, 2009 | Permalink |
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By Benjamin N. Gedan Email
PROVIDENCE, R.I. -- A $200,000 grant from the state Economic Development Corporation will help clean up polluted soil at The Steel Yard, the complex off Valley Street that houses a trade school and artists' studios. Like the owners of most......
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2:01 PM Thu, May 14, 2009 | Permalink |
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By Jack Perry Email
By Benjamin Gedan Journal staff writer It's getting more expensive to drive in Rhode Island. Starting Monday, the state Division of Motor Vehicles will be charging substantially more to reinstate licenses and registrations. The license reinstatement fee is nearly doubling,......
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12:25 PM Thu, May 14, 2009 | Permalink |
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By Jack Perry Email
NORTH KINGSTOWN, R.I. (AP) -- One Chrysler dealer in Rhode Island has been targeted for closure as part of the automaker's restructuring process. Tarbox Motors in North Kingstown is one of 789 dealers nationwide that Chrysler has told a bankruptcy......
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9:21 AM Thu, May 14, 2009 | Permalink |
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By Jack Perry Email
LONDON (AP) -- National Grid PLC, which distributes energy in the United Kingdom and the northeastern United States, including Rhode Island and Massachusetts, reported Thursday a 70 percent drop in full-year profit due to higher operating costs, partly caused by......
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8:57 AM Thu, May 14, 2009 | Permalink |
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By Jack Perry Email
INDIANAPOLIS (AP) -- A pharmacists association on Wednesday accused CVS Caremark Corp. of waging unfair competition and asked for a Federal Trade Commission investigation. The National Community Pharmacists Association has accused Woonsocket, R.I.-based CVS of using sensitive patient information and......
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4:25 PM Wed, May 13, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
Darlington Fabrics in Westerly, which makes stretch knit fabrics, has joined the list of companies moving to a four-day workweek in an effort to prevent layoffs in a struggling economy. Monica Coughlin, human resources manager for the parent firm, The......
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2:01 PM Wed, May 13, 2009 | Permalink |
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By Paul Grimaldi Email
Sears Holdings Corp. (SHLD: NASDAQ) is dangling a five-night Caribbean vacation as bait to lure shoppers into snapping up swimsuits on The Island, a new Web site for its Lands' End clothing brand. Visitors to the site can enter the......
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12:16 PM Wed, May 13, 2009 | Permalink |
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By Alan Rosenberg Email
Providence Journal photo / Kathy Borchers Joe DeAngelis, attorney for eventual winning bidder Robert Campellone, looks at the four-family townhouse at 422 Broadway that is part of the Colin C. Baker row in Providence. A four-family townhouse at 422......
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11:00 AM Wed, May 13, 2009 | Permalink |
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By Peter Lord Email
With the economy, and particularly real estate sales, in the doldrums, no state requlator wants to make things worse. And that certainly was the case Tuesday night when the developers of the sprawling The Village on Mount Hope Bay in......
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9:00 AM Wed, May 13, 2009 | Permalink |
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By Business staff Email
Providence-based GTECH Corp., a unit of Lottomatica, has won a four-year contract with the Belgium National Lottery for a new, comprehensive gaming system. The contract was awarded through a competitive bidding process. GTECH has been La Loterie Nationale's online and......
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4:50 PM Tue, May 12, 2009 | Permalink |
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By Andy Smith Email
Providence Journal photo / Bill Murphy A worker repairs the exterior of the Aquidneck Mill building at the International Yacht Restoration School, in Newport, in this photo taken in May 2008. The International Yacht Restoration School is scheduled to......
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4:40 PM Tue, May 12, 2009 | Permalink |
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By Bill Corey Email
By Bruce Landis Journal staff writer It may not surprise Rhode Island drivers, but the state's roads are in the third-worst condition in the nation, according to a new study by a national group of transportation officials. More than two......
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3:26 PM Tue, May 12, 2009 | Permalink |
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By Paul Grimaldi Email
A couple of retailers are holding special sales events this weekend, with jeweler Ross-Simons running a three-day "tent sale" and electronics giant Best Buy hosting frequent customers on Sunday. Ross-Simons is bringing back its once-popular tent sale after an eight-year......
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3:09 PM Tue, May 12, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
Looking for a longer-lasting battery? University of Rhode Island researchers think the secret may be in their salt. A group led by URI chemist Brett Lucht says it has discovered a new type of salt that can dramatically improve the......
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1:35 PM Tue, May 12, 2009 | Permalink |
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By Jack Perry Email
BOSTON (AP) -- AAA says the number of Americans planning to travel this Memorial Day weekend is expected to increase slightly over last year, with the New England region seeing one of the most dramatic jumps nationally. AAA Southern New......
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1:11 PM Tue, May 12, 2009 | Permalink |
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By Jack Perry Email
By Benjamin Gedan Journal staff writer PROVIDENCE, R.I. -- So far, the gargantuan federal economic stimulus package has done little to revive Rhode Island's economy, Governor Carcieri said Tuesday. Three months after President Obama signed the historic $787-billion spending bill,......
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11:19 AM Mon, May 11, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
PROVIDENCE, R.I. - Gasoline prices have spiked in the past week, rising by 15 cents per gallon to $2.27 for unleaded self-serve regular, according to this morning's survey by the Rhode Island Office of Energy Resources. The hike came as......
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9:09 AM Mon, May 11, 2009 | Permalink |
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By Business staff Email
Eleven branches of the former Benjamin Franklin bank opened Monday morning under the signs of Rockland Trust. Rockland Trust, which acquired Benjamin Franklin Bancorp Inc. for about $84.5 million earlier this year completed the changeover at branches in Bellingham, Foxboro,......
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7:27 AM Mon, May 11, 2009 | Permalink |
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By Jack Perry Email
By Andy Smith Journal staff writer Postal rates are going up. Effective Monday, the price of a first-class stamp goes from 42 cents to 44 cents, while the price to send a postcard rises from 27 cents to 28 cents.......
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