Projo Biz Blog

September 6, 2009 - September 12, 2009 Archives


Map store owner plans to reopen after fire

3:32 PM Fri, Sep 11, 2009 | | Write a comment
By Business staff    Email

Andrew Nosal, owner of The Map Center at 671 North Main St. in Providence, said he plans to reopen as soon as possible after a fire Thursday in the multi-use building that houses his business. Nosal said it's too early......

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Peanut product recalled for possible contamination

3:16 PM Fri, Sep 11, 2009 | | Comments (1)
By Business staff    Email

A Michigan food producer is recalling its peanut products, sold in Rhode Island among other states, because of possible salmonella contamination, according to the Associated Press. Salmonella is an organism that can cause serious and sometimes fatal infections, especially in......

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Red crab fishery attains green label certification

8:35 AM Fri, Sep 11, 2009 | | Write a comment
By Business staff    Email

Atlantic deep-sea red crab fishermen have received certification from an international conservation organization for having a sustainable fishery. The London-based Marine Stewardship Council says it's the first East Coast fishery to attain the certification. The red crab fishery consists of......

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Update: House Finance chair won't rule out tax hikes in 2010

5:11 PM Thu, Sep 10, 2009 | | Comments (2)
By Neil Downing    Email

By NEIL DOWNING Journal Staff Writer State Rep. Steven M. Costantino (D-Providence), chairman of the powerful House Finance Committee, said today that he would not rule out changes to the state's tax system -- including possible tax increases -- when......

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MBTA approves train service to T.F. Green Airport

3:01 PM Thu, Sep 10, 2009 | | Write a comment
By Andy Smith    Email

The Massachusetts Bay Transportation Authority board Thursday approved long-waited plans to extend commuter rail service from Boston to T.F. Green Airport in Warwick, and ultimately to Wickford Junction in North Kingstown. The service would begin in 2011, and tentative plans......

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House Finance will look at taxes in January, Rep. Costantino says

12:40 PM Thu, Sep 10, 2009 | | Write a comment
By Neil Downing    Email

By NEIL DOWNING Journal Staff Writer State Rep. Steven M. Costantino (D-Providence), chairman of the powerful House Finance Committee, said today that he would not rule out changes to the state's tax system -- including possible tax increases -- when......

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MBTA to vote on contract for extending RI rail line

10:05 AM Thu, Sep 10, 2009 | | Write a comment
By Jack Perry    Email

BOSTON (AP) -- The MBTA board of directors is scheduled to vote on a contract that would extend commuter rail service in Rhode Island to T.F. Green Airport in Warwick and South Kingstown. If approved at Thursday's Massachusetts Bay Transportation......

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Textron sees rebound in jet sales

9:29 AM Thu, Sep 10, 2009 | | Write a comment
By Business staff    Email

Providence-based Textron, struggling through a restructuring amid the recession, said its Cessna unit will see a "modest rebound in demand next year" after the most difficult period in the history of business jets. Chief Executive Officer Lewis Campbell said the......

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Brown University reports drop in endowment investments

9:05 AM Thu, Sep 10, 2009 | | Write a comment
By Business staff    Email

Investments from Brown University's endowment fell 23 percent in the fiscal year that ended June 30, according to Bloomberg News. Overall, the total value of the endowment fell 27 percent to $2.04 billion, President Ruth Simmons said on Wednesday. The......

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Finalists selected for RI development chief

3:09 PM Wed, Sep 09, 2009 | | Write a comment
By Business staff    Email

By Alex Kuffner Journal Staff Writer PROVIDENCE, R.I. -- The committee searching for a new executive director of the Rhode Island Economic Development Corporation has selected two finalists from out of state and could recommend a single candidate to Governor......

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Former exec Caspersen's death a suicide, Westerly police say

Thumbnail image for HOUSEHOLD_BENEFICIAL.JPG 12:58 PM Wed, Sep 09, 2009 | | Write a comment
By News staff    Email

WESTERLY, R.I. -- Finn M.W. Caspersen, a Shelter Harbor summer resident and past chairman and chief executive officer of Beneficial Corp., an international financial-services company, died of a self-inflicted gunshot wound on Monday afternoon, police said Wednesday. Police went......

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CVS to give refunds for dietary supplements

8:18 AM Wed, Sep 09, 2009 | | Write a comment
By Business staff    Email

Woonsocket-based CVS Caremark Corp. will repay $2.8 million to consumers who bought a dietary supplement that was falsely marketed as a product that could prevent illness, the Federal Trade Commission said. CVS touted its AirShield tablets and powders as a......

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Amtrak passengers to undergo security check

8:10 AM Wed, Sep 09, 2009 | | Write a comment
By Business staff    Email

Amtrak commuters in Rhode Island and 12 other states and the District of Columbia may undergo random baggage inspections Wednesday as the passenger railroad and federal agencies conduct a security exercise. The Transportation Security Administration, Amtrak police and law enforcement......

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Arizona company wins Nestor, will keep jobs in R.I.

4:39 PM Tue, Sep 08, 2009 | | Write a comment
By Andy Smith    Email

American Traffic Solutions, Inc., an Arizona-based company, submitted the winning bid Tuesday for Nestor Traffic Systems, the Rhode Island traffic technology company that went into receivership in June. Jonathan N. Savage, a partner with Shechtman Halperin Savage LLP who had......

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Labor secretary, Exeter students watch Obama speech

jobcorpvisit.jpg 4:01 PM Tue, Sep 08, 2009 | | Write a comment
By Pamela Reinsel Cotter    Email

By Lisa Vernon-Sparks Journal staff writer Providence Journal photo / Mary Murphy Sen. Jack Reed, U.S. Labor Secretary Hilda Solis and U.S. Rep. Patrick Kennedy watch the president's speech as it was shown on a big screen in the auditorium......

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Gasoline prices fall in Massachusetts

10:26 AM Tue, Sep 08, 2009 | | Write a comment
By Neil Downing    Email

Pump prices in Massachusetts fell for the first time in seven weeks, according to the motor club AAA Southern New England. The price of a gallon of regular self-serve gas is $2.619 today, down three cents from last week, AAA......

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RI gas prices drop two cents

10:26 AM Tue, Sep 08, 2009 | | Write a comment
By Jack Perry    Email

PROVIDENCE, R.I. -- Gas prices in Rhode Island dropped 2 cents last week, the first time gas prices have fallen in six weeks, according to AAA Southern New England. The average price for a gallon of regular unleaded gasoline is......

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Toll hike on Pell Bridge takes effect

TOLLBRIDGE_JF_04.JPG 9:29 AM Tue, Sep 08, 2009 | | Comments (1)
By Business staff    Email

Journal photo/ John Freidah Toll collector Carisa Daniels explains to a driver where and how they can obtain an E-ZPass. By Alex Kuffner Journal Staff Writer JAMESTOWN - Only a handful of motorists crossing the Pell Bridge on Tuesday......

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Providence biotech start-up wins $250,000 award

9:04 AM Tue, Sep 08, 2009 | | Write a comment
By Business staff    Email

The Slater Technology Fund said on Tuesday it has awarded $250,000 to Providence-based biotech startup Sentient Bioscience, founded by Brown University professors Tim Murphy and Edith Mathiowitz of Brown Medical School and the Department of Molecular Pharmacology and Biotechnology, respectively.......

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Stock trading resumes after labor day weekend

8:09 AM Tue, Sep 08, 2009 | | Write a comment
By Business staff    Email

Trading on Wall Street resumes at 9:30 a.m. after the three day holiday weekend with the three major indexes all in positive territory in 2009. The Dow Jones Industrial Average is up 7.6 percent. The Nasdaq Composite Index gained 28......

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