Projo Biz Blog

July 5, 2009 - July 11, 2009 Archives


Clarmar estate in Westerly set for auction July 31

5:15 PM Fri, Jul 10, 2009 | | Write a comment
By Christine Dunn    Email

The Clarmar estate, a 20-room mansion set on 3.4 acres in the exclusive Watch Hill section of Westerly, will be auctioned on the premises Friday, July 31 at 11 a.m. Beginning on July 17, tours of the estate at 16......

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Maintenance workers approve contract with PC

11:19 AM Fri, Jul 10, 2009 | | Write a comment
By Andy Smith    Email

Building and grounds maintenance workers employed by Providence College have ratified a new four-year contract with the college this week. According to the Service Employees International Union, which represents the workers, the new contract calls for pay raises totaling 12......

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McQuade named executive of Citibank

8:15 AM Fri, Jul 10, 2009 | | Write a comment
By Business staff    Email

Eugene M. McQuade, the former FleetBoston Financial Corp. president from East Greenwich who helped Terry Murray build the biggest bank in the country, has been named an executive at Citibank, the nation's third biggest bank. McQuade, 60, starts his new......

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Summer restaurant employment steady

1:09 PM Thu, Jul 09, 2009 | | Write a comment
By Andy Smith    Email

Summer hiring at Rhode Island restaurants remains roughly equal to last year, according to figures from the National Restaurant Association. The association calculates summer employment by taking the average number of restaurant jobs in June, July and August and determining......

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Report: Distressed home sales jump in R.I.

11:36 AM Thu, Jul 09, 2009 | | Write a comment
By Jack Perry    Email

PROVIDENCE, R.I. (AP) -- Sales of foreclosed property have increased to almost 20 percent of Rhode Island home sales this year, much more than other New England states. A report released Thursday by Boston-based real estate consulting firm The Warren......

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McDonald's makes a small pitch for coffee business

11:19 AM Thu, Jul 09, 2009 | | Write a comment
By Paul Grimaldi    Email

McDonald's Corp. continues battling for the loyalty of coffee drinkers in small ways. The fast-food chain said on Thursday it will offer up a free iced or hot mocha on Mondays from July 13 to Aug. 3. The offer is......

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States lure consumers with seafood branding

7:28 AM Thu, Jul 09, 2009 | | Write a comment
By Jack Perry    Email

By STEVE LeBLANC Associated Press Writer BOSTON (AP) -- You've heard of Alaska King Crab and Maine Lobster. Why not Massachusetts Mackerel or maybe Cape Cod Cod? States are increasingly looking to hook consumers by branding their local seafood specialties,......

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1 million play yards recalled

4:19 PM Wed, Jul 08, 2009 | | Write a comment
By Paul Grimaldi    Email

The U.S. Consumer Product Safety Commission on Wednesday recalled 1 million play yards after reports that the product's side rails sometimes fail to latch, causing injuries to some children. In all, 21 injuries, including one concussion and several cases of......

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Still time to get Southwest fare sale

BZ0324_green_03-24-09_83DPE.JPG 3:44 PM Wed, Jul 08, 2009 | | Write a comment
By Paul Grimaldi    Email

Bloomberg News photo A Southwest Airlines airplane takes off from T.F. Green Airport in Warwick. The Dallas, Texas, airline is offering cut-rate fares in a promotion that ends Wednesday. Looking for a cheap way to get out of town?......

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RI bridge authority sets public hearings on plan to raise tolls

11:17 AM Wed, Jul 08, 2009 | | Write a comment
By Business staff    Email

By BRUCE LANDIS Journal staff writer JAMESTOWN, R.I. -- The state Turnpike and Bridge Authority voted, 3-1, Wednesday morning to move toward increasing the tolls on the Pell Bridge for the first time in its 40-year history and possibly re-instituting......

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FAA says no to 2nd community meeting on airport plan

4:42 PM Tue, Jul 07, 2009 | | Write a comment
By News staff    Email

By Barbara Polichetti Journal staff writer WARWICK, R.I. -- The Federal Aviation Administration has refused Mayor Scott Avedisian's request for a second community meeting on the proposed runway expansion at T.F. Green Airport, prompting Avedisian to call the denial "a......

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Roger Williams University gets federal aquaculture grant

2:28 PM Tue, Jul 07, 2009 | | Write a comment
By Bruce Landis    Email

BRISTOL, R.I. -- A Roger Williams University program supporting Rhode Island's shell fishing industry will get a $1 million federal grant, the U.S. Commerce Department said. The grant will go to the university's Center for Economic and Environmental Development, which......

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Tiny iron cannonballs blast implant bacteria in Brown lab

12:20 PM Tue, Jul 07, 2009 | | Write a comment
By C. Eugene Emery Jr.    Email

PROVIDENCE, R.I. -- Iron particles so small that a few thousand of them, lined end to end, would be as wide as a human hair may help doctors pierce the slimy shield that protects bacteria infecting artificial hips, knees and......

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Gasoline prices down, diesel and heating oil up

11:38 AM Tue, Jul 07, 2009 | | Comments (1)
By C. Eugene Emery Jr.    Email

PROVIDENCE, R.I. -- Heating oil prices jumped by four cents a gallon in the past week, diesel was up two cents and unleaded gasoline is down three cents per gallon, according to Tuesday's survey by the Rhode Island Office of......

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Kent Water seeks to pass on Providence rate hikes

10:57 AM Tue, Jul 07, 2009 | | Write a comment
By C. Eugene Emery Jr.    Email

WEST WARWICK, R.I. -- The Kent County Water Authority is seeking to automatically pass along any increase in water rates granted to the Providence Water Supply Board to its customers. The request comes because Providence has asked the state Public......

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Fall River cooking school assets going up for auction

FD0318 ABBEY5.JPG 3:08 PM Mon, Jul 06, 2009 | | Comments (1)
By Paul Grimaldi    Email

Providence Journal photo / Sandor Bodo A table at the Abbey Grill in Fall River overlooks the teaching kitchen at the International Institute of Culinary Arts. The school closed recenlty after falling into financial difficulty. The cooking school started......

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Extra money for laid off workers hurt by foreign competition

1:49 PM Mon, Jul 06, 2009 | | Write a comment
By Andy Smith    Email

The federal government has allocated an additional $3.6 million for the Trade Adjustment Assistance program in Rhode Island, bringing the total for the 2009 fiscal year to $4.7 million, more than twice the previous year's allocation. The program, originally designed......

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GTECH signs extended contracts for Wisconsin lottery

12:40 PM Mon, Jul 06, 2009 | | Write a comment
By Business staff    Email

Providence-based GTECH Corp., a unit of Lottomatica, has signed a two-year contract extension with the Wisconsin Lottery to continue providing online lottery technology and services. The contract extension will begin on June 26, 2011, and is expected to generate revenues......

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Union Federal Savings Bank must shed loans

12:33 PM Mon, Jul 06, 2009 | | Comments (1)
By Paul Grimaldi    Email

North Providence-based Union Federal Savings Bank must stop making student loans as the result of an order by the U.S. Office of Thrift Supervision requiring the bank's parent company to lessen its reliance on the private lending packages. Union Federal......

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Providence investment firm secedes from Mass. company

11:51 AM Mon, Jul 06, 2009 | | Write a comment
By Lisa Vernon-Sparks    Email

PROVIDENCE, R.I. -- A South Main Street investment management firm doing business, for a decade, as an allied operation to a Massachusetts company, will separate to launch a new firm called Endurance Wealth Management, a company spokesman announced Monday. The......

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Gasoline prices lower by a fraction - AAA

11:43 AM Mon, Jul 06, 2009 | | Write a comment
By C. Eugene Emery Jr.    Email

PROVIDENCE, R.I. -- After dropping two cents the week before, unleaded gasoline prices stayed relative stable over the past week. AAA said its average price in Rhode Island Monday was $2.68 per gallon, down a half-cent from a week ago......

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R.I. Internet access above national average

9:18 AM Mon, Jul 06, 2009 | | Write a comment
By Business staff    Email

By Alex Kuffner Journal Staff Writer Nearly three out of four Rhode Islanders have access to the Internet at home, according to a recently released survey by the U.S. Census Bureau. The survey estimates that 73 percent of Rhode Island......

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