Projo Biz Blog

Dish, R.I., 45 other states settle deceptive-practice charges

6:45 PM Thu, Jul 16, 2009 | Permalink | Comments (3)
By Maria Armental    Email

Journal Staff and wire reports Rhode Island will receive $20,000 as part of a $5.9 million settlement DISH Network reached with 46 states to settle claims that it improperly marketed, promoted and sold its products and services. Under the terms......

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 Tags  courts   Dish Network   Rhode Island   settlement  

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Slot revenues down at Connecticut casinos

4:35 PM Thu, Jul 16, 2009 | Permalink | Write a comment
By Paul Grimaldi    Email

Connecticut's two casinos both reported slot-machine revenue was down in June, as a turnaround earlier this year at Foxwoods Resort Casino proved shortlived. Mohegan Sun and Foxwoods Resort Casino, both reported June slot-machine "wins" were down about 9 percent when......

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 Tags  casinos   Connecticut  

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Citizens gives foster-care training program $25,000

2:39 PM Thu, Jul 16, 2009 | Permalink | Write a comment
By Lisa Vernon-Sparks    Email

PROVIDENCE, R.I. -- Citizens Bank has named the Rhode Island Foster Parents Association its 2009 Third Quarter Champion, and has awarded the nonprofit with a $25,000 grant for its ASPIRE savings program, officials announced Tuesday. ASPIRE, which stands for Aligning......

>> Continue reading Citizens gives foster-care training program $25,000

 Tags  Citizen's Bank   Jim Casey Family Services   Providence   Rhode Island Foster Parents Association   RI  

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Executive chosen to lead Hasbro joint venture

11:37 AM Thu, Jul 16, 2009 | Permalink | Write a comment
By Paul Grimaldi    Email

Children's entertainment veteran Margaret Loesch has been named president and chief executive officer of the new joint venture between Hasbro Inc. (HAS:NYSE) and Discovery Communications (DISCA:Nasdaq). In May, Pawtucket-based Hasbro moved deeper into the entertainment business, joining with cable-TV's Discovery......

>> Continue reading Executive chosen to lead Hasbro joint venture

 Tags  cable television   Discovery Kids   Hasbro  

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Electric scooter maker runs out of juice, lays off 20

11:35 AM Wed, Jul 15, 2009 | Permalink | Comments (1)
By C. Eugene Emery Jr.    Email

Vectrix Corporation, the electric motorcycle company based in Middletown, R.I., and New Bedford, Mass., announced Wednesday that it has laid off nearly all of its employees and will file for bankruptcy within 30 days if it can't find new investors......

>> Continue reading Electric scooter maker runs out of juice, lays off 20

 Tags  economy   Middletown RI   New Bedford Mass  

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FM Global continues hiring plans

9:06 AM Wed, Jul 15, 2009 | Permalink | Write a comment
By Business staff    Email

FM Global, based in Johnston, continued to hire dozens of full-time professionals for jobs at its Rhode Island and Massachusetts offices during the first half of 2009 and plans more hiring later this year, the company said Wednesday. The $4.5......

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 Tags  FM Global   Johnston RI  

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CVS hiring pharmacy technicians to staff call center

5:45 PM Tue, Jul 14, 2009 | Permalink | Comments (2)
By Paul Grimaldi    Email

CVS Caremark Corp. said Tuesday it will hire 125 pharmacy technicians and others to staff a call center it is plans to open in December at the Highland Corporate Park along the Cumberland-Woonsocket border. The company is joining with the......

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 Tags  CVS Caremark  

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Twin River's owner in bankruptcy court

5:27 PM Tue, Jul 14, 2009 | Permalink | Write a comment
By Paul Grimaldi    Email

The owner of the Twin River slot parlor in Lincoln won approval Tuesday from a federal judge for a series of procedural matters the company needs to keep the gambling hall operating while in bankruptcy. Twin River operator UTGR Inc.......

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 Tags  bankruptcy   slot parlor   Twin River  

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RI coastal council approves wind-measuring tower

1:08 PM Tue, Jul 14, 2009 | Permalink | Write a comment
By News staff    Email

PROVIDENCE, R.I. -- The state Coastal Resources Management Council has approved applications from Deepwater Wind to install a meteorological tower and other data-gathering equipment on Block Island and in waters nearby. The council voted in favor of the applications at......

>> Continue reading RI coastal council approves wind-measuring tower

 Tags  Block Island   Coastal Resources Management Council   Deepwater Wind   economy   wind power  

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Tarbox going to Washington to fight for dealership

8:47 AM Tue, Jul 14, 2009 | Permalink | Comments (2)
By Peter Phipps    Email

AP Photo Chrysler dealership owner Jim Tarbox, at his dealership in North Kingstown, plans a trip to Washington Tuesday to fight for his franchise. WASHINGTON (AP) -- A Rhode Island Chrysler dealer who's appealed the rejection of his franchise......

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Golf store in Cranston to be sold as part of bankruptcy filing

7:01 AM Tue, Jul 14, 2009 | Permalink | Write a comment
By Neil Downing    Email

The parent company of the Golfers' Warehouse store in Cranston has asked a U.S. Bankruptcy Court for protection from creditors as it works on the sale of its stores to a larger retailer based in California. Golfers' Warehouse Inc., which......

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 Tags  Golfer's Warehouse   U.S. Bankruptcy Court  

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Rite Aid has no defense for cold remedy ads, FTC rules

2:36 PM Mon, Jul 13, 2009 | Permalink | Write a comment
By Paul Grimaldi    Email

Drugstore chain Rite Aid Corp. (RAD:NYSE) has agreed to pay $500,000 to settle FTC charges that it used deceptive advertising to sell its Germ Defense medicine -- tablets and lozenges the Pennsylvania company claimed could prevent and treat colds and......

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 Tags  advertising   Federal Trade Commission   Rite Aid  

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Gasoline prices down for third week

11:53 AM Mon, Jul 13, 2009 | Permalink | Write a comment
By C. Eugene Emery Jr.    Email

PROVIDENCE, R.I. -- There's more good news for motorists. The average price of self-serve gasoline is down for the third week in a row. After peaking at $2.72 per gallon on June 22, the state's weekly survey shows that the......

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 Tags  diesel   Gasoline price   home heating oil  

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RI biotech leaders support intellectual property protection

9:07 AM Mon, Jul 13, 2009 | Permalink | Write a comment
By Business staff    Email

The Rhode Island BioGroup and the New England Biotech Association are campaigning to protect Rhode Island's biotech industry through federal legislation that would provide extended protection for the intellectual property of biotech innovators. Companies with a prescence in the state......

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 Tags  New England Biotech Association   Rhode Island BioGroup  

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