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August 16, 2009 - August 22, 2009 Archives
5:19 PM Fri, Aug 21, 2009 | Permalink |
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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......
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3:53 PM Fri, Aug 21, 2009 | Permalink |
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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......
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3:30 PM Fri, Aug 21, 2009 | Permalink |
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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......
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10:49 AM Fri, Aug 21, 2009 | Permalink |
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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......
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9:14 AM Fri, Aug 21, 2009 | Permalink |
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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......
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7:28 AM Fri, Aug 21, 2009 | Permalink |
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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......
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3:50 PM Thu, Aug 20, 2009 | Permalink |
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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......
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3:39 PM Thu, Aug 20, 2009 | Permalink |
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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......
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3:30 PM Thu, Aug 20, 2009 | Permalink |
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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......
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12:59 PM Thu, Aug 20, 2009 | Permalink |
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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......
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12:55 PM Thu, Aug 20, 2009 | Permalink |
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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......
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12:17 PM Thu, Aug 20, 2009 | Permalink |
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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......
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7:28 AM Thu, Aug 20, 2009 | Permalink |
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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,......
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4:34 PM Wed, Aug 19, 2009 | Permalink |
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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......
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11:47 AM Wed, Aug 19, 2009 | Permalink |
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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......
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10:21 AM Wed, Aug 19, 2009 | Permalink |
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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......
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7:06 AM Wed, Aug 19, 2009 | Permalink |
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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......
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5:54 PM Tue, Aug 18, 2009 | Permalink |
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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......
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4:23 PM Tue, Aug 18, 2009 | Permalink |
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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......
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3:04 PM Tue, Aug 18, 2009 | Permalink |
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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 --......
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12:40 PM Tue, Aug 18, 2009 | Permalink |
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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......
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12:35 PM Tue, Aug 18, 2009 | Permalink |
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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......
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12:08 PM Tue, Aug 18, 2009 | Permalink |
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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,......
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7:18 AM Tue, Aug 18, 2009 | Permalink |
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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......
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12:22 PM Mon, Aug 17, 2009 | Permalink |
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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......
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11:49 AM Mon, Aug 17, 2009 | Permalink |
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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,......
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11:07 AM Mon, Aug 17, 2009 | Permalink |
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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......
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8:28 AM Mon, Aug 17, 2009 | Permalink |
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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......
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8:15 AM Mon, Aug 17, 2009 | Permalink |
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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......
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