Projo Biz Blog

October 4, 2009 - October 10, 2009 Archives


Verizon lays offs 196 in Rhode Island and Massachusetts

5:12 PM Fri, Oct 09, 2009 | | Write a comment
By News staff    Email

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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Kmart launches online layaway program

11:10 AM Fri, Oct 09, 2009 | | Write a comment
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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RI investigative journalist Hummel launches web report

hummel_200.jpg 5:17 PM Thu, Oct 08, 2009 | | Write a comment
By News staff    Email

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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Carcieri may propose state tax reforms

5:24 PM Wed, Oct 07, 2009 | | Comments (1)
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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R.I. sixth most expensive state for housing

4:30 PM Wed, Oct 07, 2009 | | Write a comment
By News staff    Email

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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Kohl's begins annual fundraising sale

2:59 PM Wed, Oct 07, 2009 | | Write a comment
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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Warwick signs on with site designed to help find missing

2:48 PM Wed, Oct 07, 2009 | | Write a comment
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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Workforce Board awards training grants to 17 RI companies

2:47 PM Wed, Oct 07, 2009 | | Write a comment
By News staff    Email

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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Neiman Marcus catalog offers low-priced luxuries

1:10 PM Wed, Oct 07, 2009 | | Write a comment
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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RI slot parlor in receivership pulls exec. bonuses request

11:03 AM Wed, Oct 07, 2009 | | Write a comment
By News staff    Email

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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GTECH signs California Lottery extension

10:56 AM Wed, Oct 07, 2009 | | Write a comment
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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Cool summer softened demand for electricity

9:20 AM Tue, Oct 06, 2009 | | Comments (1)
By News staff    Email

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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Fla. firm has $98M claim on Providence Place mall

11:13 AM Mon, Oct 05, 2009 | | Write a comment
By News staff    Email

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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Update: R.I. gas prices fall, but diesel inches up

10:39 AM Mon, Oct 05, 2009 | | Write a comment
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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Gas prices drop for fifth week

10:15 AM Mon, Oct 05, 2009 | | Write a comment
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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