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July 19, 2009 - July 25, 2009 Archives
5:27 PM Fri, Jul 24, 2009 | Permalink |
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By Neil Downing  Email
By NEIL DOWNING Journal Staff Writer A national think tank that studies state budgets says that all states should pass an "Amazon law" similar to the one adopted by Rhode Island and New York to help recover sales-tax revenue that......
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4:34 PM Fri, Jul 24, 2009 | Permalink |
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By Bruce Landis Email
Providence, RI - Atty. General Patrick C. Lynch said that a national settlement with Countrywide Financial Corp. will benefit as many as 1,000 Rhode Island borrowers who were foreclosed on or otherwise affected by the giant mortgage lender's business practices.......
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11:55 AM Fri, Jul 24, 2009 | Permalink |
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By Andy Smith Email
Washington Trust Bancorp, Inc., announced Friday that Joseph MarcAurele, former president of Citizens Bank Rhode Island, will be the new president and chief operating officer of Washington Trust starting Sept. 21. MarcAurele will succeed John F. Treanor, who will retire......
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8:42 AM Fri, Jul 24, 2009 | Permalink |
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By Business staff Email
Bogus takeover bids for Providence-based Textron Inc. and Harman International Industries Inc. reaped more than $5 million for a Kuwait-based financier and firms who placed "highly profitable and suspicious'' bets beforehand, U.S. regulators said in a lawsuit targeting the traders.......
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5:17 PM Thu, Jul 23, 2009 | Permalink |
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By News staff Email
The price of a single-family house in Rhode Island dropped markedly in June compared with the same month in 2008, but showed the smallest decline for the first six months of 2009, according to figures compiled by the Rhode Island......
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3:25 PM Thu, Jul 23, 2009 | Permalink |
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By Bruce Landis Email
PROVIDENCE _ Portola Tech International, the Woonsocket manufacturer of packaging for the cosmetic and personal care industries, will lay off 130 of its 231 employees and move to Cumberland, the company said Thursday. The company is moving from the city's......
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3:23 PM Thu, Jul 23, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
By Paul Grimaldi Journal staff writer Toys R. Us Inc. has relaunched the Toys.com Web site as a hub for posting discounts available on toy and baby products, the New Jersey company announced recently. The Web site would draw offerings......
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1:38 PM Thu, Jul 23, 2009 | Permalink |
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By Neil Downing Email
By NEIL DOWNING Journal Staff Writer If you are about to run out of unemployment benefits, and plan to seek an extension, you may now do so online, through the Rhode Island Department of Labor and Training's Web site. Formerly,......
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1:01 PM Thu, Jul 23, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
Shaw's Supermarkets has a new division president, the of West Bridgewater, Mass., company announced Thursday morning. Mike Witynski is replacing Larry Wahlstrom, who is retiring after 38 years in the drug and food retailing industry. Witynski, 46, was most recently......
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11:08 AM Thu, Jul 23, 2009 | Permalink |
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By Neil Downing Email
Rhode Island has implemented an official code of conduct for people who serve as notaries public, Governor Carcieri and Secretary of State A. Ralph Mollis said Thursday. Notaries public are state-commissioned officials who administer oaths, certify documents and perform other......
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8:10 AM Thu, Jul 23, 2009 | Permalink |
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By Business staff Email
Summer Infant, the Woonsocket-based seller of children's products, said it acquired Butteryfly Living, a Pennsylvania-based crib manufacturer. The price was not disclosed. Butterfly sells its cribs to mass merchant retailers, primarily under a license with Carter's. "Infant cribs, which is......
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6:37 PM Wed, Jul 22, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
PROVIDENCE, R.I. - Rob Holtzer, currently General Sales Manager at Sunrise Sports and Entertainment in Miami, has been named the new vice president and director of sales for Global Broadcasting, which owns Channel 6, WLNE-TV. Station General Manager Steve Doerr......
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8:03 AM Wed, Jul 22, 2009 | Permalink |
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By Business staff Email
Joseph Verdelotti Jr., a West Warwick homeowner, is set to testify about foreclosures on Thursday in Washington before a subcommittee of the Senate Judiciary Committee. Verdelotti is at risk of losing his home, according to U.S. Sen. Sheldon Whitehouse's office.......
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8:01 AM Wed, Jul 22, 2009 | Permalink |
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By Business staff Email
Washington Trust Bancorp, based in Westerly, reported second quarter profits of $3.8 million, or 23 cents per diluted share, compared to second quarter 2008 net income of $6.1 million, or 45 cents per diluted share. The earnings beat the 20......
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1:22 PM Tue, Jul 21, 2009 | Permalink |
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By Paul Grimaldi Email
Providence Journal photo / Frieda Squires Businesses are thriving at the northernd end of Garden City Center in Cranston, where workers recently removed the shopping center's trademakr glass awnings. CRANSTON, RI -- Garden City Center in Cranston has a......
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12:15 PM Tue, Jul 21, 2009 | Permalink |
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By Business staff Email
PROVIDENCE, R.I. -- State energy commissioner Andrew C. Dyzkewicz has resigned. Dzykewicz, head of the state Office of Energy Resources, handed in a letter of resignation July 17, Governor Carcieri's office has confirmed. No other information on Dzykewicz's decision is......
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8:14 AM Tue, Jul 21, 2009 | Permalink |
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By Business staff Email
Providence-based Equity National has acquired Florida-based Secure Collateral, which provides services to the real estate industry. Equity National, which provides title insurance and closing services, acquired Secure Collateral for an undisclosed amount. Equity National has a network of more than......
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7:01 AM Tue, Jul 21, 2009 | Permalink |
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By Neil Downing Email
By NEIL DOWNING Journal Staff Writer A new Rhode Island law will expand a state tax break for biodiesel fuel, thereby encouraging its use - and making the state a bit more energy independent in the process, advocates said.......
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1:50 PM Mon, Jul 20, 2009 | Permalink |
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By News staff Email
By Jack Perry projo.com staff writer Gas prices in Rhode Island have dropped for the fourth straight week, according to AAA Southern New England. The average price for a gallon of regular unleaded gasoline at the self-service pump is $2.599,......
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1:21 PM Mon, Jul 20, 2009 | Permalink |
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By Jack Perry Email
Journal file photo/ Frieda Squires Travelers pass through security before boarding their flights at T.F. Green Airport. In the first six months of this year, the number of people traveling through Green dropped seven percent from the same period......
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12:43 PM Mon, Jul 20, 2009 | Permalink |
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By Andy Smith Email
Rhode Island's soaring unemployment rate is the second worst in the country, behind only Michigan, and by far the highest among the six New England states. Rhode Island's unemployment rate for June was 12.4 percent, second to Michigan's 15.2 percent.......
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7:26 AM Mon, Jul 20, 2009 | Permalink |
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By Business staff Email
Pawtucket-based Hasbro Inc. said on Monday that second-quarter profit rose from sales of toys based on "Transformers'' and "G.I. Joe.'' Net income increased to $39.3 million, or 26 cents a share, from $37.5 million, or 25 cents, a year earlier.......
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