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September 13, 2009 - September 19, 2009 Archives
1:28 PM Fri, Sep 18, 2009 | Permalink |
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By Jack Perry  Email
By Alex Kuffner Journal Staff Writer First the good news: Rhode Island no longer has the second-highest jobless rate in the nation. Now the bad: It only dropped one place to third. Nevada leapfrogged Rhode Island with an unemployment rate......
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1:21 PM Fri, Sep 18, 2009 | Permalink |
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By Neil Downing Email
By NEIL DOWNING Journal Staff Writer More than 4,100 Rhode Islanders have taken advantage of a recently expanded federal income-tax break for buying a home, the Internal Revenue Service said on Friday. But potential homebuyers who plan to claim the......
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12:20 PM Fri, Sep 18, 2009 | Permalink |
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By Business staff Email
Passenger traffic at T.F. Green Airport was down 6.5 percent in August compared with the same period in 2008, dropping from 439,137 to 410,788 passengers. The total number of passengers who used the airport through the first eight months of......
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9:17 AM Fri, Sep 18, 2009 | Permalink |
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By Business staff Email
Rhode Island manufacturing workers in August earned on average $13.95 an hour, down 53 cents from July and up four cents from August 2008, according to data released Friday by the Rhode Island Department of Labor and Training. Employees in......
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7:30 AM Fri, Sep 18, 2009 | Permalink |
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By Jack Perry Email
By Alex Kuffner Journal Staff Writer PROVIDENCE -- Although economists say the worst of the recession may be over, the number of jobless workers in Rhode Island continues to grow. The state's unemployment rate ticked up to 12.8 percent in......
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8:52 AM Thu, Sep 17, 2009 | Permalink |
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By Business staff Email
Harrah's Entertainment, the Las Vegas company that pushed for a West Warwick casino in 2006 and has expressed an interest in operating or owning Twin River, plans to buy the Thistledown horse-racetrack in Cleveland out of bankruptcy court for $89.5......
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4:06 PM Wed, Sep 16, 2009 | Permalink |
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By Barbara Polichetti Email
WARWICK RI _Knowing that the state was looking at stringent new nutrition regulations for schools with an eye toward cutting fats, sugars and other bad things, Warwick Ice Cream Company owner Gerry Bucci recruited food chemists more than a year......
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1:37 PM Wed, Sep 16, 2009 | Permalink |
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By Peter Phipps Email
By Christine Dunn Journal Staff Writer PROVIDENCE _ The city's residential real estate market, though far from robust, is faring better than its commercial property market, according to speakers at a forum organized by the Providence Preservation Society. In 2009,......
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7:55 AM Wed, Sep 16, 2009 | Permalink |
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By Business staff Email
Eight federal lawmakers signed a letter requesting the U.S. Federal Trade Commission reexamine Woonsocket-based CVS Corp.'s acquisition of Caremark Rx Inc. in 2007. "We strongly believe that CVS Caremark is engaging in unfair and deceptive business practices that are causing......
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7:45 AM Wed, Sep 16, 2009 | Permalink |
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By Jack Perry Email
Richard Parsons By Business staff Citigroup Inc. Chairman Richard Parsons plans to join leveraged buyout firm Providence Equity Partners Inc. as a senior adviser, according to Bloomberg News. Providence-based Providence Equity, a 20-year-old firm that oversees more than $22......
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4:48 PM Tue, Sep 15, 2009 | Permalink |
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By Business staff Email
By Paul Edward Parker Journal Staff Writer An early glimpse at how much money the state is taking in for the budget year that started in July doesn't offer good news. Two reports issued Tuesday afternoon by the state Revenue......
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3:56 PM Tue, Sep 15, 2009 | Permalink |
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By Business staff Email
BY BARBARA POLICHETTI WARWICK, RI _ The lights will go on again soon in the stalwart 1800's brick building that served as the offices for the old Rhode Island Malleable Iron Works at the corner of Jefferson Boulevard and Kilvert......
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2:36 PM Tue, Sep 15, 2009 | Permalink |
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By Jack Perry Email
By Bruce Landis Journal staff writer PROVIDENCE, R.I. -- The Greater Providence Chamber of Commerce said that its members can now band together to buy electricity at lower-than-normal prices. Called the Providence Power Program, the arrangement allows small and medium......
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12:04 PM Tue, Sep 15, 2009 | Permalink |
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By Business staff Email
New England's compensation costs of $33.29 an hour in June were the highest among nine geographic divisions in the U.S., according to new data from the U.S. Bureau of Labor Statistics. The East South Central division of the country reported......
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8:38 AM Tue, Sep 15, 2009 | Permalink |
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By Business staff Email
FM Global, the business property insurer, has completed its new headquarters in Johnston and plans a dedication ceremony on Thursday. The four-story, 366,000 square foot building is located on property adjacent to the company's current headquarters. About 800 employees will......
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2:40 PM Mon, Sep 14, 2009 | Permalink |
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By Business staff Email
A numerical index that measures the Rhode Island economy slipped in July from the prior month, but is still up from a year ago. The Current Conditions Index, created by University of Rhode Island professor Leonard Lardaro was 25 in......
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12:25 PM Mon, Sep 14, 2009 | Permalink |
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By Jack Perry Email
PROVIDENCE, R.I. -- Gasoline prices in Rhode Island have fallen for the second straight week, according to AAA Southern New England. The average price for a gallon of regular unleaded gasoline at the self-service pump has dropped 1 cent to......
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8:15 AM Mon, Sep 14, 2009 | Permalink |
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By Business staff Email
Southwest Airlines, the biggest passenger carrier at T.F. Green Airport with more than half of all the passengers, is expanding again at Boston's Logan International Airport. Southwest will start operating two daily nonstop flights to Denver on Jan. 10. Last......
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