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October 2009 Archives
8:25 AM Fri, Oct 30, 2009 | Permalink |
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By Neil Downing  Email
A.H. Belo Corp. of Dallas, which owns the Providence Journal Co., narrowed its loss for the third quarter despite a drop in revenue. For the three months ended Sept. 30, the company reported a net loss of $5.8 million, or......
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5:44 PM Thu, Oct 29, 2009 | Permalink |
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By Neil Downing Email
PROVIDENCE, R.I. -- The state Senate Finance Committee on Thursday voted unanimously to allow the R.I. Division of Taxation to reduce a person's state income tax refund if that person is delinquent on college loans issued by the Rhode Island......
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1:37 PM Thu, Oct 29, 2009 | Permalink |
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By Paul Grimaldi Email
PROVIDENCE, R.I. -- The state Department of Labor and Training has ordered the Twin River slot parlor to give a group of its nonunion employees overtime pay for working Sundays, according to a decision released Thursday afternoon. The ruling affects......
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1:32 PM Thu, Oct 29, 2009 | Permalink |
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By Business staff Email
BY Paul Grimaldi News Staff Writer SMITHFIELD, RI -- FGX International (FGXI: NASDAQ) said yesterday that it paid $1.45 million for Corrine McCormack Inc., a privately held company located in New York City. FGX International is a subsidiary of FGX......
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12:59 PM Thu, Oct 29, 2009 | Permalink |
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By News staff Email
WARWICK, R.I. -- The U.S. Department of Labor has sued George Russell, trustee of the 401(k) plan for Referral Mortgage Inc., of Warwick, for failing to remit to the plan contributions and loan repayments that had been withheld from employee......
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4:52 PM Wed, Oct 28, 2009 | Permalink |
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By Andy Smith Journal staff writer For the first time since the early 1990s, WPRI-TV, Channel 12's, late-night newscast at 11 p.m. is number one in the market, narrowly beating rival WJAR-TV, Channel 10. At 6 p.m., traditionally considered a......
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3:28 PM Wed, Oct 28, 2009 | Permalink |
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By Paul Grimaldi Journal staff writer Gift cards will be the most popular item snapped up by New Englanders this holiday season, according to survey results released Wednesday, unfortunately, not enough people know how to use them wisely. Consulting firm......
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9:02 AM Tue, Oct 27, 2009 | Permalink |
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By Business staff Email
Providence-based Textron said Tuesday that third-quarter profit fell 98 percent as the company reduced production to cope with slumping demand. Net income declined to $4 million, or 1 cent a share, from $206 million, or 83 cents, a year earlier.......
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1:52 PM Mon, Oct 26, 2009 | Permalink |
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By Paul Grimaldi Email
Home-improvement chain The Home Depot Inc. on Nov. 8 will start a trade-in program for power drills, giving customer 15 percent off a new lithium-ion drill in exchange for a used or broken power drill. It is the first time......
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12:47 PM Mon, Oct 26, 2009 | Permalink |
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By Neil Downing Email
PROVIDENCE, R.I. (AP) - Gas prices in Rhode Island have taken a 13-cent jump in the past week. AAA Southern New England says in a weekly survey Monday that the average price of regular unleaded has increased from $2.54 per......
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3:22 PM Fri, Oct 23, 2009 | Permalink |
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By News staff Email
DENHAM SPRINGS, La. (AP) - Bercen Inc., which provides specialty chemicals for paper-related industries, has opened its new corporate headquarters in Denham Springs following a relocation from Rhode Island. State economic officials say the $5 million relocation and expansion project......
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3:03 PM Fri, Oct 23, 2009 | Permalink |
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By CYNTHIA NEEDHAM Journal staff writer Though a selection committee has been mum on the identity of its pick for the new director of the state's Economic Development Corporation, Governor Carcieri this week confirmed the name one of two finalists:......
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11:19 AM Fri, Oct 23, 2009 | Permalink |
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By Paul Grimaldi Email
PROVIDENCE, R.I. -- The lenders who control the bankrupt Twin River slot parlor and the greyhound owners association that provides dogs for racing in Lincoln have reached a deal that saves more than $90 million for the gambling hall over......
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3:13 PM Thu, Oct 22, 2009 | Permalink |
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By ALEX KUFFNER Journal staff writer PROVIDENCE, R.I. -- National Grid is willing to resume negotiations with Deepwater Wind over a power purchase agreement if certain conditions are met first, according to a letter from the utility to the offshore......
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1:53 PM Thu, Oct 22, 2009 | Permalink |
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By Neil Downing Email
Nortek Inc. of Providence, a maker of bath fans, kitchen range hoods and other products, said on Thursday that it has voluntarily filed for protection from creditors under Chapter 11 of federal bankruptcy law. The filing, at U.S. Bankruptcy Court,......
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1:38 PM Thu, Oct 22, 2009 | Permalink |
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By Andy Smith Journal Staff Writer Two diverse Rhode Island companies, Capco Steel and Blue Cross Blue Shield of Rhode Island are looking to fill job positions even as the state's unemployment rate of 13 percent is the third highest......
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1:09 PM Wed, Oct 21, 2009 | Permalink |
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By Paul Grimaldi Email
PROVIDENCE, R.I. -- The Rhode Island affiliate of the American Civil Liberties Union on Wednesday said it has filed a discrimination complaint against health-services giant CVS Caremark Corp., claiming the Woonsocket-based company asks people who apply for jobs online questions......
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11:42 AM Wed, Oct 21, 2009 | Permalink |
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By Business staff Email
Washington Trust Bancorp, Inc. (WASH-Nasdaq) reported on Tuesday after the close of trading third quarter net income of $4.9 million, or 31 cents a diluted share, compared to $6 million, or 44 cents per diluted share, in the year ago......
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3:13 PM Tue, Oct 20, 2009 | Permalink |
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By Neil Downing Email
WASHINGTON -- U.S. Sen. Jack Reed, D-R.I., took to the Senate floor on Tuesday to urge passage of a bill that would extend unemployment benefits for many people who are out of work. "Hundreds of thousands of Americans have already......
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2:33 PM Tue, Oct 20, 2009 | Permalink |
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By News staff Email
By Paul Grimaldi Journal staff writer A casino industry veteran who has considered managing the Twin River slot parlor on Monday unveiled plans for a casino in nearby Milford, Mass. William H. Warner, of Warner Gaming in Las Vegas, Nev.,......
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1:27 PM Tue, Oct 20, 2009 | Permalink |
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By Paul Edward Parker Email
PROVIDENCE, R.I. -- The number of natural-gas and electric customers having their service disconnected for not paying their bills has fallen in 2009 compared to 2008, according to regulatory filings by National Grid, the company that supplies gas and electricity......
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2:19 PM Mon, Oct 19, 2009 | Permalink |
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By Paul Grimaldi Email
PROVIDENCE, RI -- Two Connecticut men, a father and son, are asking a federal bankruptcy court judge for help in their lawsuit against the Twin River slot parlor. Edward and Kevin Barrows, of Stafford Springs, Conn., allege that on Nov.......
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11:06 AM Mon, Oct 19, 2009 | Permalink |
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By News staff Email
PROVIDENCE, R.I. -- Gasoline prices in Rhode Island have increased for the first time in seven weeks, according to AAA Southern New England. The average price for a gallon of regular unleaded gas is $2.549 at the self-service pump, an......
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10:58 AM Mon, Oct 19, 2009 | Permalink |
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By Paul Grimaldi Email
By Paul Grimaldi Journal Staff Writer Verizon Communications Inc. (VZ:NYSE) is now offering a "quad-play" package that offers customers wireless phone service as well as Internet, TV and traditional land-line services. The company claims qualifying customers can save from $59......
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10:54 AM Mon, Oct 19, 2009 | Permalink |
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By Paul Grimaldi Email
By Paul Grimaldi Journal Staff Writer Toys R Us Inc. will offer a layaway program for expensive items this holiday season, the New Jersey-based retailer said Monday. Customers can put a number of items on hold and make periodic payments......
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7:39 AM Mon, Oct 19, 2009 | Permalink |
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By News staff Email
NEW YORK (AP) -- Hasbro Inc, of Pawtucket, the nation's second biggest toymaker, said Monday its profit rose 8.8 percent in the third quarter, helped by lower costs and slightly higher sales of Transformers and G.I. Joe toys. Hasbro said......
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11:08 AM Fri, Oct 16, 2009 | Permalink |
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By Paul Grimaldi Email
Rhode Island met the federal government's Oct. 15 deadline for devising a plan to encourage the use of energy-efficient home appliances, which will make about $1 million in sales rebates available to the state's residents over the next three years.......
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7:36 AM Fri, Oct 16, 2009 | Permalink |
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By Alex Kuffner Journal Staff Writer PROVIDENCE, R.I. -- National Grid has rejected a proposal to purchase energy from a wind farm that Deepwater Wind plans to build off Block Island. In documents filed with the state Public Utilities Commission......
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1:11 PM Thu, Oct 15, 2009 | Permalink |
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By News staff Email
BOSTON (AP) -- The unemployment rate in Massachusetts rose to 9.3 percent in September, as the state lost another 9,200 jobs. The jobless rate in Massachusetts remains a half point lower than the national average, which rose to 9.8 percent......
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1:03 PM Thu, Oct 15, 2009 | Permalink |
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By News staff Email
By Christine Dunn Journal staff writer PROVIDENCE, R.I. -- Rhode Island experienced a decline in its foreclosure rate in the third quarter of 2009, bucking the national trend, according to the third-quarter Foreclosure Market Report from RealtyTrac of Irvine, Calif.......
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3:01 AM Thu, Oct 15, 2009 | Permalink |
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By Bruce Landis Email
PROVIDENCE, R.I. -- Brown University and its food service workers reached a tentative contract settlement early today, shortly after the union's contract expired at midnight. Mark Nickel, Brown's director of university communications, said that negotiators reached the agreement with Local......
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4:14 PM Wed, Oct 14, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
NEW YORK (AP) -- The Dow Jones industrial average has reclaimed 10,000 for the first time in a year. The Dow crossed five figures in afternoon trading Wednesday, seven months after it hit a 12-year low of 6,547.05 on March......
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1:11 PM Wed, Oct 14, 2009 | Permalink |
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By Lisa Vernon-Sparks Journal Staff Writer WARWICK, R.I. -- Rhode Island's hospitality industry has sustained some serious blows during the economic downturn, but experts say it can expect a slow but steady ride toward recovery. The forecast, a mixed bag......
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2:43 PM Tue, Oct 13, 2009 | Permalink |
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By Paul Grimaldi Journal Staff Writer PROVIDENCE -- Lawyers for the Twin River slot parlor and a greyhound owners association on Tuesday afternoon told a federal judge they expect to finalize an agreement in their dispute over dog racing at......
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2:19 PM Tue, Oct 13, 2009 | Permalink |
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By News staff Email
PROVIDENCE, R.I. -- Mayor David N. Cicilline is in Washington, D.C. today meeting with U.S. Deputy Secretary of Transportation John D. Porcari to appeal for a $39-million federal stimulus grant to fund an expansion of ProvPort into the short sea......
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12:54 PM Tue, Oct 13, 2009 | Permalink |
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By Paul Grimaldi Email
PROVIDENCE, R.I. -- The Twin River slot parlor apparently wants to curtail its simulcast racing operation, according to a legal motion filed Tuesday by the slot parlor's pari-mutuel clerks in U.S. District Court in Providence According to the court filing,......
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10:33 AM Tue, Oct 13, 2009 | Permalink |
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By News staff Email
PROVIDENCE, R.I. -- Gasoline prices in Rhode Island fell another 4 cents last week and have dropped for six straight weeks, according to AAA Southern New England. The average price for a gallon of regular, unleaded gasoline here is $2.509......
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5:12 PM Fri, Oct 09, 2009 | Permalink |
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By Andy Smith Journal Staff Writer Verizon Communications Inc. announced layoffs Friday to workers across the country, including Rhode Island and Massachusetts. According to the Web site for the International Brotherhood of Electrical Workers in Boston, 196 Verizon employees in......
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11:10 AM Fri, Oct 09, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
By Paul Grimaldi Journal staff writer Kmart began offering a layaway program online Friday as the discount chain extends a sales program that proved successful during the 2008 holiday shopping season. The chain, owned by Sears Holding Corp. (SHLD:NYSE), saw......
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5:17 PM Thu, Oct 08, 2009 | Permalink |
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By Andy Smith Journal staff writer Jim Hummel, former reporter for WLNE-TV, Channel 6, and The Providence Journal, has formed a non-profit corporation that will present investigative reporting on the Internet. The stories can be accessed at hummelreport.com, starting Oct.......
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5:24 PM Wed, Oct 07, 2009 | Permalink |
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By Neil Downing Email
By NEIL DOWNING Journal Staff Writer Governor Carcieri may propose reforms to Rhode Island's tax structure as part of his budget for the year that begins July 1, 2010, according to Gary S. Sasse, Carcieri's director of revenue. Sasse fielded......
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4:30 PM Wed, Oct 07, 2009 | Permalink |
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By Paul Edward Parker Journal staff writer Recent numbers from the U.S. Census find Rhode Island on a dubious Top 10 list, according to a coalition for affordable housing in the Ocean State. HousingWorks RI calculated that for housing, Rhode......
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2:59 PM Wed, Oct 07, 2009 | Permalink |
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By Business staff Email
The rollout of cause-related Christmas sales programs begins in earnest this week as the Kohl's department store chain has begun its annual Kohl's Cares for Kids campaign. Since 2000, the Wisconsin chain has sold popular childrens books and related stuffed......
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2:48 PM Wed, Oct 07, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
By Barbara Polichetti Journal staff writer WARWICK, RI -- The scenario is all too familiar for families who have a loved one suffering from Alzheimer's or other cognitive impairment. They come home after running a brief errand and find that......
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2:47 PM Wed, Oct 07, 2009 | Permalink |
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The Governor's Workforce Board has awarded $398,335 in worker training grants to 17 Rhode Island companies. The grants, which must be matched by the companies, help fund programs to improve the skills of existing employees. The grants, ranging from $2,211......
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1:10 PM Wed, Oct 07, 2009 | Permalink |
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By Paul Grimaldi Email
Luxury retailer Neiman Marcus Group Inc. released a Christmas catalog Tuesday chock full of cut-rate holiday gifts, in recognition of consumers' continued struggles amidst the long recession. In normal times, the annual holiday catalog is considered the height of luxury......
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11:03 AM Wed, Oct 07, 2009 | Permalink |
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PROVIDENCE, R.I. -- The Twin River slot parlor has withdrawn a request made to a federal judge for permission to pay about $1.3 million in bonuses to eight of the gambling venue's top executives. Lawyers for UTGR Inc., the holding......
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10:56 AM Wed, Oct 07, 2009 | Permalink |
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By Business staff Email
Providence-based GTECH Corp., a unit of Lottomatica, said Wednesday it signed a one-year contract extension with the California Lottery for "retail equipment, messaging devices and enhanced player services." GTECH expects "revenues in the range of $40 million to $50 million"......
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9:20 AM Tue, Oct 06, 2009 | Permalink |
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By BOB SALSBERG Associated Press Writer BOSTON (AP) -- Electricity use dropped nearly 6 percent in New England in the summer of 2009, a result of cool temperatures and an economic recession that drove down demand, the power grid operator......
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11:13 AM Mon, Oct 05, 2009 | Permalink |
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PROVIDENCE, R.I. -- Among the debts piled up by General Growth Properties Inc., the company that owns Providence Place mall, is $98.6 million it owes to a Florida real-estate investment firm, according to federal court documents. General Growth owes the......
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10:39 AM Mon, Oct 05, 2009 | Permalink |
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By Neil Downing Email
Gasoline prices have fallen again in Rhode Island on average, but diesel fuel prices are up, according to the results of a weekly survey issued Monday by the state Office of Energy Resources. The price of regular, self-serve gasoline averaged......
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10:15 AM Mon, Oct 05, 2009 | Permalink |
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By Jack Perry Email
PROVIDENCE, R.I. -- Gasoline prices in Rhode Island have fallen for the fifth straight week, according to AAA Southern New England. The average price for a gallon of regular unleaded gasoline has dropped 4 cents to $2.549 per gallon, according......
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3:11 PM Fri, Oct 02, 2009 | Permalink |
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WARWICK, R.I. -- Warwick-based ATW Companies Inc. plans to open a new facility in East Providence following the acquisition of the metal injection molding division of Morgan Advanced Ceramics, based in New Bedford, Mass. The acquisition will create some new......
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1:52 PM Thu, Oct 01, 2009 | Permalink |
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PROVIDENCE, R.I. -- Local innovators and institutions working to strengthen Rhode Island's knowledge economy can apply for $100,000 grants now available from the U.S. Department of Commerce's Economic Development Administration. Organizations, particularly in the health care, research and design sectors......
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1:51 PM Thu, Oct 01, 2009 | Permalink |
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PROVIDENCE, R.I. -- Rhode Island has received $100,000 in federal stimulus grants under the Strengthening Communities Fund, a new program aimed at helping nonprofit organizations improve their ability to provide job training and other assistance for economic independence. The Strengthening......
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1:42 PM Thu, Oct 01, 2009 | Permalink |
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WASHINGTON (AP) -- A 13-week extension of unemployment benefits in the 27 states with the highest jobless rates is being slowed by some lawmakers upset that their own states would be left out. Senate leaders had hoped for a quick......
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10:29 AM Thu, Oct 01, 2009 | Permalink |
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PROVIDENCE, R.I. -- Lawyers for the bankrupt Twin River slot parlor have filed a request in federal court for permission to "transition" ownership of the Lincoln gambling venue by Oct. 23 to its major lenders -- a necessary step toward......
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8:35 AM Thu, Oct 01, 2009 | Permalink |
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PROVIDENCE, R.I. -- Channel 10, WJAR-TV, has announced the return of longtime station meteorologist Gary Ley, who was laid off in March and will now return to NBC 10 to forecast the weather on "Weekend Sunrise." Ley The local station......
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