|
August 2009 Archives
6:15 PM Mon, Aug 31, 2009 | Permalink |
Write a  comment
By Paul Grimaldi  Email
Consumer complaints about mortgages and credit cards were more noticeable across the nation in 2008, according to a report released Monday by the National Association of Attorneys General. The association polled state attorneys general, who are typically responsible for enforcing......
|
4:52 PM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer NEWPORT -- Rhode Island and the nation are undergoing "an enormous economic shift" amid a global recession, Governor Carcieri said today. For example, about 125,000 people were employed in Rhode Island's manufacturing sector 30......
|
4:20 PM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer NEWPORT -- Governor Carcieri said today that he would seek to revive a state tax credit to help small businesses cover the cost of a fee involving federally backed loans - but only if......
|
3:36 PM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
WOONSOCKET, RI -- Drugstore operator CVS Caremark Corp. (CVS:NYSE) said Monday it will give away 100,000 free seasonal flu shots to unemployed people. Beginning Tuesday, seasonal flu shots will be available daily without an appointment at more than 500 MinuteClinic......
|
3:30 PM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
PROVIDENCE, RI -- Providence Place mall generated $11.4 million in gross revenue during the first three months of 2009, keeping the downtown shopping center on pace with its income in 2008, according to federal court documents. The revenue figures are......
|
2:15 PM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Business staff Email
Freedom Communications, the former owner of WLNE/ABC 6, is expected to file for Chapter 11 bankruptcy protection this week, the Wall Street Journal reported. A Chapter 11 filing of the privately-held media company would have ripples in Rhode Island. Private......
|
12:04 PM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer NEWPORT -- Banks and credit unions in Rhode Island are faring well financially despite the state's challenging economy, Rhode Island's top banking regulator said today. "I'd say, right now, I'm very pleased with the......
|
10:55 AM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer NEWPORT -- Delinquent loans are "extremely high right now" and continuing to rise among the nation's banks as a whole, a federal regulator said today. But "in the Northeast, we have not seen the......
|
9:29 AM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Business staff Email
Gasoline prices in Rhode Island inched up two cents to average $2.719 a gallon, according to a survey released Monday by the Rhode Island Office of Energy Resources. The prices ranged from $2.759 to $2.659 a gallon for self-service, unleaded......
|
9:03 AM Mon, Aug 31, 2009 | Permalink |
Write a comment
By Business staff Email
Woonsocket-based CVS Caremark Corp. said Monday it will offer 100,000 free seasonal flu shots to the jobless at a cost of $3 million. The program will include on-site flu clinics at One-Stop Career Center locations and distribution of vouchers for......
|
4:40 PM Fri, Aug 28, 2009 | Permalink |
Comments (3)
By Andy Smith Email
Layoff notices went out this week to some Rhode Island employees of Citizens Bank. But a company spokesman declined to say how many are losing their jobs. Citizens spokesman Michael Jones said the layoffs are part of a job reduction......
|
3:24 PM Fri, Aug 28, 2009 | Permalink |
Write a comment
By Pamela Reinsel Cotter Email
By Paul Edward Parker Journal staff writer PROVIDENCE, R.I. -- In another sign that the economy remains sluggish, a prominent downtown building is scheduled to be sold at a foreclosure auction on Tuesday. Gateway Center -- perhaps known better as......
|
11:07 AM Fri, Aug 28, 2009 | Permalink |
Write a comment
By Pamela Reinsel Cotter Email
By Christine Dunn Journal staff writer HOPKINTON,R.I. -- Jeffrey C. Tefft says it might be "a stupid time" to buy land, but on June 30, he and his wife, Judy L. Tefft, did just that. They bought more than 190......
|
9:35 AM Fri, Aug 28, 2009 | Permalink |
Write a comment
By Business staff Email
The state is still searching for permanent directors of two government agencies that play crucial roles in the development of Rhode Island's economy. The Rhode Island Economic Development Corporation, which is responsible for creating jobs and bringing new companies to......
|
9:15 AM Fri, Aug 28, 2009 | Permalink |
Write a comment
By Business staff Email
The Wall Street Journal on Friday carried an editorial in support of Governor Carcieri's plan to shut down state government for 12 days between now and June to help close a budget deficit. The Wall Street Journal said, "We hope......
|
8:09 AM Fri, Aug 28, 2009 | Permalink |
Write a comment
By Business staff Email
Textron Systems, a unit of Providence-based Textron Inc., has appointed Ian Walsh as the company's chief innovation officer and Tom McNamara as chief technology officer. Both are currently senior leaders on Textron Systems' Executive Leadership Team. Walsh, previously senior vice......
|
3:19 PM Thu, Aug 27, 2009 | Permalink |
Comments (1)
By Paul Grimaldi Email
Toys R Us is rolling out its own "cash for clunkers" program -- but it only extends as far as the kind of vehicles parents push on sidewalks. On Friday, Toys R Us, Inc. begins The "Great Trade-In" event, a......
|
3:17 PM Thu, Aug 27, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
ATTLEBORO, Mass. -- Bargain hunters, or people just looking to clean out a closet, have a new destination just over the Rhode Island state line. Morgan Memorial Goodwill Industries on Thursday morning opened, a store on Route 1 in the......
|
2:15 PM Thu, Aug 27, 2009 | Permalink |
Comments (2)
By Paul Grimaldi Email
PROVIDENCE, R.I. -- Visitors to Providence Place soon will have no reason to grumble about the flooring in the downtown mall. People have complained to the mall management for more than a year about the deteriorating condition of the carpeting......
|
1:34 PM Thu, Aug 27, 2009 | Permalink |
Write a comment
By Andy Smith Email
Mark R. Noble, vice-president of commercial real estate for Citizens Bank, assumed his role as chairman of Rhode Island Housing's board of commissioners on Thursday. Noble takes over from Anthony Marouchoc, who served as board chairman for the past six......
|
1:18 PM Thu, Aug 27, 2009 | Permalink |
Comments (1)
By Business staff Email
How does a neighborhood, family-owned market compete against one-stop supermarkets and giant retailers? One word, says Bob Ritacco. "Sopressata," better known as "soupy," the nickname for Italian dried, cured salami, he says. Ritacco owns Ritacco's Market, founded 40 years ago......
|
9:30 AM Thu, Aug 27, 2009 | Permalink |
Write a comment
By Business staff Email
Providence-based NTK Holdings and its operating subsidiary Nortek have held "preliminary discussions" with noteholders about a debt and equity restructuring, the company said. NTK said there may be a so-called prepackaged Chapter 11 filing where the plan is worked out......
|
2:26 PM Wed, Aug 26, 2009 | Permalink |
Write a comment
By Neil Downing Email
Wondering how that latest tax break works -- and how it might apply to you? Now you can see for yourself, through videos produced by the Internal Revenue Service. The videos are available through the IRS's official YouTube channel: www.youtube.com/irsvideos.......
|
12:16 PM Wed, Aug 26, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
The U.S. Consumer Product Safety Commission and a group of manufacturers and retailers have agreed to recall more than 5 million roll-up blinds and roman shades following the strangulation deaths of children. According to a series of announcements posted on......
|
5:22 PM Tue, Aug 25, 2009 | Permalink |
Comments (1)
By News staff Email
PROVIDENCE, R.I. -- Lawyers representing the Twin River slot parlor and the Rhode Island Greyhound Owners Association were back in U.S. Bankruptcy Court on Tuesday, sorting out a schedule for arguments about dog racing at the Lincoln gambling venue. UTGR......
|
1:35 PM Tue, Aug 25, 2009 | Permalink |
Write a comment
By Lisa Vernon-Sparks Email
WARWICK, R.I. -- Hundreds of people flocked to a job fair Tuesday morning offered by CVS Caremark Corp., which is looking to fill 100 full-time pharmacy technician positions at its new call center in Cumberland. Job seekers came as early......
|
11:41 AM Tue, Aug 25, 2009 | Permalink |
Write a comment
By Pamela Reinsel Cotter Email
By Paul Edward Parker Journal staff writer Now that Southwest Airlines is flying out of Boston-Logan International Airport, it could mean cheaper fares for travelers using Rhode Island's T.F. Green Airport, according to an industry analyst. In contrast to Green,......
|
9:05 AM Tue, Aug 25, 2009 | Permalink |
Write a comment
By Business staff Email
Sales of single-family houses in Massachusetts increased 12 percent in July from the same month a year ago, but the median price slipped to $310,000, down 5.1 percent from July, 2008. The Massachusetts Association of Realtors also reported Tuesday that......
|
8:23 AM Tue, Aug 25, 2009 | Permalink |
Write a comment
By Jack Perry Email
BOSTON (AP) -- The Massachusetts housing market is showing signs of recovery with sales of single-family homes up about 12 percent in July compared to the same month last year. It's the first time since December 2008 that home sales......
|
8:07 AM Tue, Aug 25, 2009 | Permalink |
Write a comment
By Business staff Email
New Boston Fund, the Massachusetts developer of the commercial complex called Quonset Gateway in North Kingstown, recently presented the Seabee Museum and Memorial with a $50,000 donation toward construction of a new museum building at the Quonset site. The new......
|
5:06 PM Mon, Aug 24, 2009 | Permalink |
Write a comment
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer Despite the planned shutdown of state government for 12 days, the Rhode Island Department of Labor and Training will find ways to avoid disruption in the processing of claims for unemployment benefits and the......
|
3:58 PM Mon, Aug 24, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
PROVIDENCE, R.I. -- The company that owns the Twin River slot parlor in Lincoln owes about 10 times more money to its creditors than the cash and other assets it has on hand, according to filings submitted over the weekend......
|
10:34 AM Mon, Aug 24, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
Providence Journal photo / C. Eugene Emery Jr. PROVIDENCE, R.I. - Gasoline prices made little movement in Rhode Island during the past week after a one-cent increase the previous week, according to Monday's weekly survey by the Rhode Island......
|
8:29 AM Mon, Aug 24, 2009 | Permalink |
Write a comment
By Business staff Email
College students looking to finance their education can still get low cost fixed rate private education loans through the Rhode Island Student Loan Authority. RISLA issued $25 million in bonds in July to fund its loan program. So far, 1,200......
|
8:21 AM Mon, Aug 24, 2009 | Permalink |
Write a comment
By Business staff Email
Woonsocket-based CVS Caremark Corp. and Rite Aid Corp. sued Cephalon Inc. and several generic-drug makers for allegedly conspiring to delay competition to its sleep-disorder drug Provigil. Cephalon signed four patent settlements with generic-drug makers totaling more than $200 million so......
|
5:19 PM Fri, Aug 21, 2009 | Permalink |
Comments (1)
By Barbara Polichetti Email
Getty gas stations in Rhode Island will soon be changing their colors to the trademark green and yellow of British Petroleum, commonly known as BP. BP Products North American says it's taking over the Getty stations as part of its......
|
3:53 PM Fri, Aug 21, 2009 | Permalink |
Comments (1)
By Business staff Email
By Christine Dunn PROVIDENCE -- A Providence Superior Court judge has approved plans to sell four commercial buildings owned by Corsetti Properties LLC _ three in the Financial District and one near Women & infants Hospital. The court-appointed receiver, Providence......
|
3:30 PM Fri, Aug 21, 2009 | Permalink |
Write a comment
By Business staff Email
Rhode Island retains the dubious distinction of having the second-highest unemployment rate in the nation, according to federal labor statistics for July. Rhode Island still ranks behind Michigan with its rate of 15 percent, by far the worst in the......
|
10:49 AM Fri, Aug 21, 2009 | Permalink |
Write a comment
By Business staff Email
Providence-based GTECH Corp., a unit of Lottomatica Group, said Friday it signed a four-year contract extension with the North Carolina Education Lottery to continue providing online lottery technology and instant-ticket printing services through March 2017. The North Carolina Lottery recorded......
|
9:14 AM Fri, Aug 21, 2009 | Permalink |
Write a comment
By Business staff Email
Manufacturing workers in July earned an average of $14.48 an hour, up 42 cents from June and 59 cents from July 2008, according to data released Friday by the Rhode Island Dept. of Labor and Training. Employees in that sector......
|
7:28 AM Fri, Aug 21, 2009 | Permalink |
Write a comment
By Business staff Email
The South Kingstown Chamber of Commerce will hold a community forum about business issues being considered in Congress on Tuesday from noon until 1 p.m. at the Chamber's conference room at 230 Old Tower Hill Road. Representatives from Ocean State......
|
3:50 PM Thu, Aug 20, 2009 | Permalink |
Write a comment
By Bruce Landis Email
PAWTUCKET, RI -- The state will get $460,000 from the U.S. Department of Transportation for improvements at the rail layover facility in Pawtucket, the federal agency said Thursday. In the announcement, Transportation Secretary Ray LaHood said the money, from the......
|
3:39 PM Thu, Aug 20, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
Wal-mart (WMT:NYSE) said it plans to expand the 90-day prescription drug mail program it began on a pilot basis in Michigan in the spring of 2009. The program offers 90-day supplies of about 300 generic prescriptions for $10 each, with......
|
3:30 PM Thu, Aug 20, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
The IHOP restaurant chain is offering free meals for children through Sept. 13 at participating locations, joining a number of eateries trying to drum up business amid a nagging recession. IHOP is offering one free children's meal with the purchase......
|
12:59 PM Thu, Aug 20, 2009 | Permalink |
Write a comment
By News staff Email
By Paul Edward Parker Journal staff writer PROVIDENCE, R.I. -- Homeowners need a Congressional "stick" when trying to negotiate new mortgage terms with national loan servicing companies as a way of avoiding foreclosure, witnesses told U.S. Sen. Sheldon Whitehouse at......
|
12:55 PM Thu, Aug 20, 2009 | Permalink |
Write a comment
By Bruce Landis Email
FALL RIVER, Mass -- Southcoast Hospitals Group, which operates hospitals in Fall River and New Bedford, said Thursday that it will lay off 20 to 40 people during the next six months. President and CEO Keith A. Hovan also announced......
|
12:17 PM Thu, Aug 20, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
EAST GREENWICH, R.I. - A plan to construct a pair of two-story buildings for a medical center on South County Trail, a half mile south of the Showcase Cinema complex, generated positive vibes from members of the East Greenwich Planning......
|
7:28 AM Thu, Aug 20, 2009 | Permalink |
Write a comment
By Business staff Email
Two Rhode Island ship building companies have been awarded $2.6 million in federal stimulus funds to make improvements at their shipyards. Blount Boats, Inc., in Warren, was awarded $868,186 for a hydraulic shear, brake press, and plate roller. Senesco Marine,......
|
4:34 PM Wed, Aug 19, 2009 | Permalink |
Write a comment
By News staff Email
Supervalu Inc. (SVU:NYSE), the parent company of Shaw's Supermarkets, on Tuesday recalled one of its frozen-food products because it may be contaminated with bacteria. The Culinary Circle macaroni-and-cheese product may be contaminated with listeria monocytogenes, a common form of bacteria......
|
11:47 AM Wed, Aug 19, 2009 | Permalink |
Write a comment
By Pamela Reinsel Cotter Email
By Paul Grimaldi Journal staff writer Net income fell in July at Rhode Island's two slot parlors even as people gambled more money at Twin River and Newport Grand, according to Rhode Island Lottery data. "[Gamblers are] probably cashing out......
|
10:21 AM Wed, Aug 19, 2009 | Permalink |
Write a comment
By Business staff Email
Shoppers kept a tight grip on their pocketbooks in April, May and June, pushing down sales and profits at major retailers with stores in Rhode Island: Here's the scorecard: - BJ's Wholesale Club said Wednesday its second quarter sales dropped......
|
7:06 AM Wed, Aug 19, 2009 | Permalink |
Write a comment
By Business staff Email
Astro-Med, Inc., in West Warwick, reported second quarter profits of $585,000, or 8 cents a share, down from the $1.2 million, or 15 cents a share, earned in the year-ago period. Sales were $16.4 million, down from $19.8 million a......
|
5:54 PM Tue, Aug 18, 2009 | Permalink |
Write a comment
By Lisa Vernon-Sparks Email
NORTH KINGSTOWN, R.I. -- Car dealer Jim Tarbox said he is considering the offer presented by Chrysler Group LLC to bid on a new franchise in Attleboro, Mass. but coming up with the capital will be extremely difficult. Tarbox, president......
|
4:23 PM Tue, Aug 18, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
PROVIDENCE, R.I. -- A federal judge on Tuesday afternoon ordered the owners of the Twin River slot parlor to turn over financial information to the group that supplies dogs for the greyhound racing operation at the Lincoln gambling venue. The......
|
3:04 PM Tue, Aug 18, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
Officials at a private drug testing firm in Warwick said Tuesday that it has found more than enough parents willing to volunteer their children for two of the studies it is conducting on swine flu vaccines. But more volunteers --......
|
12:40 PM Tue, Aug 18, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
PROVIDENCE, RI -- Lawyers for the Twin River slot parlor and its lenders return to U.S. Bankruptcy Court Tuesday afternoon to hash out the finances of the struggling gambling venue. Twin River operator UTGR Inc. filed for federal bankruptcy protection......
|
12:35 PM Tue, Aug 18, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
Lt. Gov. Elizabeth Roberts on Wednesday begins a seven-day tour of farmers' markets around Rhode Island as she continues pounding the pavement to promote small businesses. Roberts has pushed a small-business agenda statewide since she first ran for lieutenant governor......
|
12:08 PM Tue, Aug 18, 2009 | Permalink |
Comments (1)
By Business staff Email
Providence-based Citizens Financial Group said on Tuesday that three new members have been elected to the company's board of directors. They are Arthur Ryan, former chairman, chief executive officer and president of Prudential Financial, Inc., Howard W. "Hoddy" Hanna III,......
|
7:18 AM Tue, Aug 18, 2009 | Permalink |
Comments (1)
By Business staff Email
Brown University is scheduled to sell $100 million of taxable bonds next week to boost liquidity for the operation of the Ivy League school in Providence. Bank of America Corp's Merrill Lynch & Co. will manage the sale. Proceeds of......
|
12:22 PM Mon, Aug 17, 2009 | Permalink |
Comments (2)
By C. Eugene Emery Jr. Email
PROVIDENCE, R.I. - The average price of diesel fuel in Rhode Island dropped a hefty 9 cents over the past week, to $2.69 per gallon, according to Monday's weekly survey of four retailers by the Rhode Island Office of Energy......
|
11:49 AM Mon, Aug 17, 2009 | Permalink |
Comments (1)
By Paul Grimaldi Email
Providence Journal photo / Sandor Bodo Gerald F. Cerce, left, with his partners in Providence private-equity firm Management Capital, Ernest D. Humphreys and Robert D. Manchester. Cerce has just purchased the assets of the bankrupt Speidel watchband company. PROVIDENCE,......
|
11:07 AM Mon, Aug 17, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
Sears Holdings Corp. (SHD:NYSE) announced Monday it is offering a way to accumulate money to buy Christmas presents with a new card that imitates old-fashioned Christmas club accounts. People can put aside money regularly, through Nov. 14, with the Christmas......
|
8:28 AM Mon, Aug 17, 2009 | Permalink |
Write a comment
By Business staff Email
Shoppers in Massachusetts will not enjoy a mid-August sales tax holiday for the first time since 2003. But in Connecticut, after lawmakers proposed scrapping the annual tax exemption because of a huge state budget deficit, the break is still in......
|
8:15 AM Mon, Aug 17, 2009 | Permalink |
Write a comment
By Business staff Email
Public officials will gather at Roger Williams University on Monday to celebrate the receipt of a $100,000 grant from the Rhode Island Economic Development Corporation. The previously-reported award to the East Bay Consortium will be used to study wind turbine......
|
10:41 PM Fri, Aug 14, 2009 | Permalink |
Comments (1)
By Andy Smith Email
On Monday, 15 formerly-unemployed textile workers will begin work making ammunition bags for the U.S. military at a new company, New Bedford Tactical Gear. The employees had worked for Eagle Industries, which had purchased the New Bedford plant of Michael......
|
6:27 PM Fri, Aug 14, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
Cities and towns trying to cope with some of the toughest financial pressures in memory are turning to their unions for relief and are getting it to unprecedented degree. In community after community, officials have reached wage and benefit concessions......
|
5:13 PM Fri, Aug 14, 2009 | Permalink |
Write a comment
By Alan Rosenberg Email
WARWICK, R.I. -- The chief executive officer of Southwest Airlines Co., the airline that carries half the passengers who use T.F. Green Airport, said Friday his company is committed to continuing to serve the Rhode Island airport, even as the......
|
3:07 PM Fri, Aug 14, 2009 | Permalink |
Write a comment
By Business staff Email
By Alex Kuffner Journal Staff Writer EAST PROVIDENCE, R.I. -- Dr. Doolittle's Pets & More is back in business. The pet store that was closed by the state in July for failing to remit sales taxes reopened Thursday afternoon. after......
|
1:47 PM Fri, Aug 14, 2009 | Permalink |
Write a comment
By Pamela Reinsel Cotter Email
By Christine Dunn Journal staff writer Just three zip-code areas of Rhode Island escaped a drop in median house price in the first half of 2009, according to the Rhode Island Association of Realtors. And those three areas were not......
|
10:53 AM Fri, Aug 14, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
Retailers have been slashing prices like crazy this year to get worried Americans to spend money amid this long recession. But Best Buy probably didn't mean to take things as far as it did Wednesday on its Web site. Best......
|
8:15 AM Fri, Aug 14, 2009 | Permalink |
Write a comment
By Business staff Email
Providence-based Textron Inc. was ordered by a federal appeals court to turn over to the government documents related to tax shelter investments. The 3-2 ruling Thursday by the 1st U.S. Circuit Court of Appeals in Boston reversed an earlier decision......
|
8:03 AM Fri, Aug 14, 2009 | Permalink |
Write a comment
By Business staff Email
Economic conditions reduced shipments of most commodities handled by the Providence and Worcester Railroad Co., cutting sales in the second quarter. Operating revenues decreased $2.0 million, or 24.5%, to $6.1 million from $8.1 million in the second quarter of 2008.......
|
4:33 PM Thu, Aug 13, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
The Little Tikes Co. is recalling about 1.6 million toy workshops and trucks, after an 11-month-old boy got a plastic nail lodged in his throat. The boy from Goose Creek, S.C., recovered after being hospitalized, according to the Consumer Product......
|
4:20 PM Thu, Aug 13, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
Providence Journal photo / Kathy Borchers A tour across the new skywalk that spans Post Road in Warwick, part of the intermodal construction project at T.F. Green Airport in Warwick. By BARBARA POLICHETTI Journal Staff Writer WARWICK, R.I. --......
|
3:26 PM Thu, Aug 13, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
PROVIDENCE, RI -- The U.S. Department of Veterans Affairs has awarded $7 million in new funding for a Providence-based research consortium trying to create lifelike limbs for Iraq war amputees by melding live tissue with mechanical devices. The researchers at......
|
8:07 AM Thu, Aug 13, 2009 | Permalink |
Write a comment
By Business staff Email
Brown University, the Ivy League school with the smallest endowment fund, sold $100 million of 10-year bonds to build cash reserves. Brown, in Providence, joins Ivy League schools including Harvard University and Princeton University in selling taxable debt to raise......
|
7:56 AM Thu, Aug 13, 2009 | Permalink |
Write a comment
By Business staff Email
About 3,300 people from across the country attended the five-day conference on energy issues sponsored by the federal government at the Rhode Island Convention Center. That's up from 2,500 last year, according to RICC records. The attendees booked 8,100 room......
|
5:55 PM Wed, Aug 12, 2009 | Permalink |
Comments (3)
By Paul Grimaldi Email
Consumers forlorn over the loss this year of the annual sales tax holiday in Massachusetts can head over to any Sears store in the Bay State this weekend to catch a break on prices. The state of Massachusetts did away......
|
5:43 PM Wed, Aug 12, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
Inside GreatPoint Energy Inc.'s Mayflower Clean Energy Center in Somerset, Mass., on the ground floor where the catalysts start out, then flow to the mixing tanks, foreground. The newly-constructed $30 million facility, located on the campus of the Brayton Point......
|
3:31 PM Wed, Aug 12, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
The state of New Jersey announced this week it will switch the prescription drug plan for 800,000 active and retired employees from CVS Caremark Corp. to New Jersey-based rival Medco Health Solutions in 2010. New Jersey officials signed a letter......
|
3:05 PM Wed, Aug 12, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
EAST GREENWICH, R.I. -- A union representing about 31 municipal employees will receive no pay increase until 2011 and be required to pay higher deductibles for health insurance, according to an agreement ratified unanimously Monday night by the Town Council.......
|
12:31 PM Wed, Aug 12, 2009 | Permalink |
Write a comment
By News staff Email
By Christine Dunn Providence Journal staff writer An auction of the Clarmar estate in Westerly's exclusive Watch Hill enclave, scheduled for July 31, never took place because there were not enough registered bidders, according to a spokesman for the auctioneer.......
|
12:31 PM Wed, Aug 12, 2009 | Permalink |
Write a comment
By News staff Email
By Christine Dunn Providence Journal staff writer An auction of the Clarmar estate in Westerly's exclusive Watch Hill enclave, scheduled for July 31, never took place because there were not enough registered bidders, according to a spokesman for the auctioneer.......
|
11:41 AM Wed, Aug 12, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
General Growth Properties Inc. said Tuesday that a bankruptcy judge has denied a motion by a lending group to keep eight mall properties out of the company's bankruptcy case. ING Clarion Capital Loan Services had argued that the eight malls......
|
9:35 AM Wed, Aug 12, 2009 | Permalink |
Comments (1)
By Jack Perry Email
By Bruce Landis Journal Staff Writer JAMESTOWN, R.I. --- The state Turnpike and Bridge Authority Wednesday morning increased the tolls on the Pell Bridge to $4 for out-of-state drivers and for those paying cash, and to $1 per axle for......
|
8:36 AM Wed, Aug 12, 2009 | Permalink |
Write a comment
By Business staff Email
Peter C. Dorsey, Jr. has been named president of the Business Development Company of Rhode Island, a provider of gap financing to companies. He succeeds Garrett B. Hunter, who served as BDCRI president since 1989 and plans to retire. Stephen......
|
8:27 AM Wed, Aug 12, 2009 | Permalink |
Write a comment
By Business staff Email
The state plans to sell $350 million in tax anticipation notes to individual and institutional customers starting at 10 A.M. on Wednesday. Standard & Poor's rating service has assigned its highest short term rating of SP-1+ for Rhode Island's planned......
|
5:39 PM Tue, Aug 11, 2009 | Permalink |
Comments (2)
By News staff Email
By Barbara Polichetti Journal staff writer Do you like to spend your money supporting the local economy? You buy locally-grown produce and Little Rhody dairy products, and you frequent mom-and-pop shops whenever you can find them. Well, buying local is......
|
5:18 PM Tue, Aug 11, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
PROVIDENCE, R.I. - Brown University researchers say they have new evidence that some carbon nanoparticles, which medical researchers are testing as treatments for a host of human diseases and businesses hope to use for a variety of applications, may themselves......
|
1:46 PM Tue, Aug 11, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
Self-service regular gasoline prices rose 6 cents per gallon in the past week and the price of diesel fuel increased 7 cents, according to Tuesday's survey by AAA. The automobile club said a typical price in Rhode Island was $2.69......
|
12:21 PM Tue, Aug 11, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
SOMERSET, Mass. -- U.S. Secretary of Commerce Gary Locke will tour GreatPoint Energy Inc.'s Mayflower Clean Energy Center in Somerset Wednesday morning. The newly-constructed $30-million facility, on the campus of the Brayton Point Station, is designed to test a process......
|
8:25 AM Tue, Aug 11, 2009 | Permalink |
Write a comment
By Business staff Email
Rhode Island's economy is showing signs of recovering from the recession, according to the latest Current Conditions Index compiled by University of Rhode Island professor Leonard Lardaro. "The economy appears to have burst out of the rut it had been......
|
8:13 AM Tue, Aug 11, 2009 | Permalink |
Write a comment
By Business staff Email
Southwest Airlines Co., the biggest passenger carrier at T.F. Green Airport, today offered more than $170 million to buy Frontier Airlines Holdings Inc., a 50 percent increase over its initial proposal, to hold off Republic Airways Holdings Inc. in a......
|
7:12 AM Tue, Aug 11, 2009 | Permalink |
Write a comment
By Business staff Email
Jeanne Hulit, a former executive at Citizens Bank, has been named regional administrator of the U.S. Small Business Administration's programs and services in Massachusetts, Connecticut, Rhode Island, Vermont, New Hampshire and Maine. "I look forward to deploying my experience in......
|
5:21 PM Fri, Aug 07, 2009 | Permalink |
Write a comment
By Barbara Polichetti Email
The Federal Aviation Administration has rejected the city's request that a local office of the agency be opened on a temporary basis so residents can get answers to questions they may have about the proposed runway expansion at T.F. Green......
|
3:05 PM Fri, Aug 07, 2009 | Permalink |
Comments (1)
By News staff Email
LINCOLN, R.I. -- The 62-year history of racing in Lincoln will be interrupted Saturday with the suspension of greyhound racing at the Twin River slot parlor. Racing at the venue off Louisquissett Pike halts Saturday, four months prematurely, the result......
|
3:04 PM Fri, Aug 07, 2009 | Permalink |
Comments (1)
By News staff Email
PROVIDENCE, R.I. -- A federal judge Friday ruled against the Twin River slot parlor in a case that grants thousands of dollars in overtime pay to clerks at the gambling venue in Lincoln, according to a federal court document. With......
|
4:45 PM Thu, Aug 06, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
NORTH KINGSTOWN, RI -- Boat builders being lauded for their designs will be handed artful glass trophies created by a trio of North Kingstown artists this year. The trophy -- which has peaks like boat sails -- was chosen by......
|
10:08 AM Thu, Aug 06, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
WOONSOCKET R. I. -- Summer Infant Inc. has lost a member of its board of directors, Harvard University professor Myra M. Hart, the company reported in a federal regulatory filing last week. Hart, 68, resigned from Summer Infant's board July......
|
9:28 AM Thu, Aug 06, 2009 | Permalink |
Write a comment
By Jack Perry Email
BOSTON (AP) -- A long-promised commuter rail project linking New Bedford and Fall River to Boston would create up to 3,800 permanent jobs by the year 2030 and generate nearly $500 million in economic activity, according to a new study.......
|
7:51 AM Thu, Aug 06, 2009 | Permalink |
Write a comment
By Jack Perry Email
Governor Carcieri has put out the call for entries for his 2009 Governor's wellness innovation awards. Developed in 2007, the awards program salutes creative ways that businesses and other organizations promote healthy lifestyles for their employees and clients. This year's......
|
1:33 PM Wed, Aug 05, 2009 | Permalink |
Write a comment
By News staff Email
The local union that represents Verizon employees is telling its membership that management intends to lay off all of the company's 291 splice-service technicians in Rhode Island and Massachusetts who have been hired since August 2003. However, company spokesman Phil......
|
12:19 PM Wed, Aug 05, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
The Cessna aircraft division of Providence-based Textron Inc. (TXT:NYSE) has named Brad Thress its vice president for customer service. He will report to Mark Paolucci, senior vice president for customer service at Cessna, which is located in Wichita, Kan. In......
|
2:14 PM Tue, Aug 04, 2009 | Permalink |
Comments (1)
By Paul Grimaldi Email
The U.S. Securities and Exchange Commission is seeking $22.6 million from a former CVS executive related to his activity with discount retailer Kmart. The one-time president of CVS Corp., Charles C. Conaway, has been under legal scrutiny shortly after Kmart......
|
2:02 PM Tue, Aug 04, 2009 | Permalink |
Write a comment
By Paul Grimaldi Email
The Newport Grand slot parlor has installed two new blackjack games to the lineup of gambling machines in its nonsmoking section. Each virtual gaming machine has seats for 10 gamblers. The minimum bet is $5. The machines are another move......
|
1:43 PM Tue, Aug 04, 2009 | Permalink |
Write a comment
By C. Eugene Emery Jr. Email
The price of self-service regular gasoline increased a hefty 5 cents per gallon over the last week according to the state's weekly survey of 13 stations that offer self service. The average price was $2.64 per gallon, marking the end......
|
8:41 AM Tue, Aug 04, 2009 | Permalink |
Write a comment
By Jack Perry Email
NEW YORK (AP) -- Rhode Island-based CVS Caremark, one of the nation's biggest drugstore operators, said Tuesday its second-quarter profit rose 15 percent, helped by strong pharmacy benefits revenue and a retail sales boost due to a later Easter. The......
|
7:15 AM Tue, Aug 04, 2009 | Permalink |
Write a comment
By Neil Downing Email
Consumer Reports magazine has named Amica Insurance, of Lincoln as one of the nation's top-rated providers of homeowners insurance. After surveying 10,700 readers nationwide about their satisfaction with their homeowners insurance claims service in the last few years, the magazine......
|
5:43 PM Mon, Aug 03, 2009 | Permalink |
Write a comment
By Alan Rosenberg Email
By Paul Edward Parker Journal Staff Writer PROVIDENCE, R.I. -- The Governor's Office of Economic Recovery and Reinvestment is seeking ideas for ways Rhode Island can use a share of $4.7 billion in federal stimulus money to improve broadband networks......
|
12:54 PM Mon, Aug 03, 2009 | Permalink |
Write a comment
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer The Ryan Center at the University of Rhode Island has redesigned its Web site, making it easier to use and navigate, its managers said on Monday. The 7,500-seat center, in South Kingstown, is owned......
|
11:25 AM Mon, Aug 03, 2009 | Permalink |
Write a comment
By Neil Downing Email
Gasoline prices in Rhode Island are up one cent compared with a week ago, according to the results of a survey published today by the auto club AAA Southern New England. It is the first such increase in six weeks,......
|
3:41 PM Sat, Aug 01, 2009 | Permalink |
Comments (7)
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer The state Board of Regents for Elementary and Secondary Education plans to issue a draft set of teacher evaluations next week, said Rhode Island's new Education Commissioner Deborah A. Gist. The drafts, which will......
|
3:21 PM Sat, Aug 01, 2009 | Permalink |
Write a comment
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer Governor Carcieri vowed on Saturday to keep trying to reform Rhode Island's tax structure. "I've got a year-and-a-half [remaining as governor], and I'm not stopping on this,'' Carcieri told a conference in Newport. Carcieri's......
|
3:11 PM Sat, Aug 01, 2009 | Permalink |
Comments (3)
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer State policymakers need to keep in mind that taxes are a key factor for businesses, said Jordan Forbes, federal affairs manager for the National Taxpayers Union, a group that supports lower taxes and smaller......
|
2:55 PM Sat, Aug 01, 2009 | Permalink |
Write a comment
By Neil Downing Email
By NEIL DOWNING Journal Staff Writer Retailers have an obligation to hand over sales taxes that they collect from their customers, Governor Carcieri said on Saturday. "It's not their money. It's the customers' money," Carcieri said. His comments came amid......
|
|
New photos
New posts
Projo blogs
Archives