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August 23, 2009 - August 29, 2009 Archives
4:40 PM Fri, Aug 28, 2009 | Permalink |
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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......
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3:24 PM Fri, Aug 28, 2009 | Permalink |
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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......
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11:07 AM Fri, Aug 28, 2009 | Permalink |
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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......
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9:35 AM Fri, Aug 28, 2009 | Permalink |
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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......
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9:15 AM Fri, Aug 28, 2009 | Permalink |
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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......
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8:09 AM Fri, Aug 28, 2009 | Permalink |
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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......
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3:19 PM Thu, Aug 27, 2009 | Permalink |
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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......
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3:17 PM Thu, Aug 27, 2009 | Permalink |
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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......
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2:15 PM Thu, Aug 27, 2009 | Permalink |
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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......
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1:34 PM Thu, Aug 27, 2009 | Permalink |
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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......
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1:18 PM Thu, Aug 27, 2009 | Permalink |
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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......
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9:30 AM Thu, Aug 27, 2009 | Permalink |
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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......
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2:26 PM Wed, Aug 26, 2009 | Permalink |
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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.......
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12:16 PM Wed, Aug 26, 2009 | Permalink |
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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......
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5:22 PM Tue, Aug 25, 2009 | Permalink |
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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......
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1:35 PM Tue, Aug 25, 2009 | Permalink |
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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......
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11:41 AM Tue, Aug 25, 2009 | Permalink |
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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,......
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9:05 AM Tue, Aug 25, 2009 | Permalink |
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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......
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8:23 AM Tue, Aug 25, 2009 | Permalink |
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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......
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8:07 AM Tue, Aug 25, 2009 | Permalink |
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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......
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5:06 PM Mon, Aug 24, 2009 | Permalink |
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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......
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3:58 PM Mon, Aug 24, 2009 | Permalink |
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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......
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10:34 AM Mon, Aug 24, 2009 | Permalink |
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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......
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8:29 AM Mon, Aug 24, 2009 | Permalink |
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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......
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8:21 AM Mon, Aug 24, 2009 | Permalink |
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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......
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