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August 9, 2009 - August 15, 2009 Archives
10:41 PM Fri, Aug 14, 2009 | Permalink |
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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......
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6:27 PM Fri, Aug 14, 2009 | Permalink |
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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......
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5:13 PM Fri, Aug 14, 2009 | Permalink |
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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......
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3:07 PM Fri, Aug 14, 2009 | Permalink |
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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......
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1:47 PM Fri, Aug 14, 2009 | Permalink |
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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......
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10:53 AM Fri, Aug 14, 2009 | Permalink |
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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......
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8:15 AM Fri, Aug 14, 2009 | Permalink |
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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......
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8:03 AM Fri, Aug 14, 2009 | Permalink |
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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.......
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4:33 PM Thu, Aug 13, 2009 | Permalink |
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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......
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4:20 PM Thu, Aug 13, 2009 | Permalink |
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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. --......
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3:26 PM Thu, Aug 13, 2009 | Permalink |
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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......
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8:07 AM Thu, Aug 13, 2009 | Permalink |
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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......
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7:56 AM Thu, Aug 13, 2009 | Permalink |
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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......
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5:55 PM Wed, Aug 12, 2009 | Permalink |
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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......
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5:43 PM Wed, Aug 12, 2009 | Permalink |
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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......
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3:31 PM Wed, Aug 12, 2009 | Permalink |
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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......
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3:05 PM Wed, Aug 12, 2009 | Permalink |
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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.......
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12:31 PM Wed, Aug 12, 2009 | Permalink |
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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.......
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12:31 PM Wed, Aug 12, 2009 | Permalink |
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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.......
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11:41 AM Wed, Aug 12, 2009 | Permalink |
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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......
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9:35 AM Wed, Aug 12, 2009 | Permalink |
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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......
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8:36 AM Wed, Aug 12, 2009 | Permalink |
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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......
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8:27 AM Wed, Aug 12, 2009 | Permalink |
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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......
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5:39 PM Tue, Aug 11, 2009 | Permalink |
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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......
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5:18 PM Tue, Aug 11, 2009 | Permalink |
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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......
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1:46 PM Tue, Aug 11, 2009 | Permalink |
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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......
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12:21 PM Tue, Aug 11, 2009 | Permalink |
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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......
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8:25 AM Tue, Aug 11, 2009 | Permalink |
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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......
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8:13 AM Tue, Aug 11, 2009 | Permalink |
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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......
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7:12 AM Tue, Aug 11, 2009 | Permalink |
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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......
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