Projo Biz Blog

October 18, 2009 - October 24, 2009 Archives


Former Cranston firm Bercen opens new HQ in Louisiana

3:22 PM Fri, Oct 23, 2009 | | Comments (2)
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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Carcieri confirms name of possible pick for EDC director

3:03 PM Fri, Oct 23, 2009 | | Write a comment
By News staff    Email

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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Update: Twin River, dog owners reach deal to end fees

11:19 AM Fri, Oct 23, 2009 | | Write a comment
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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National Grid willing to resume talks with Deepwater

3:13 PM Thu, Oct 22, 2009 | | Write a comment
By News staff    Email

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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Nortek files for bankruptcy

1:53 PM Thu, Oct 22, 2009 | | Write a comment
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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Capco Steel, Blue Cross looking to hire

1:38 PM Thu, Oct 22, 2009 | | Write a comment
By News staff    Email

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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ACLU charges CVS Caremark asks illegal questions

1:09 PM Wed, Oct 21, 2009 | | Write a comment
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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Washington Trust posts third-quarter results

11:42 AM Wed, Oct 21, 2009 | | Write a comment
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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Sen. Reed urges extension of unemployment benefits

3:13 PM Tue, Oct 20, 2009 | | Comments (2)
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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Prospective Twin River manager unveils Mass. casino plan

2:33 PM Tue, Oct 20, 2009 | | Write a comment
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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R.I. utility shutoffs decline, National Grid reports

1:27 PM Tue, Oct 20, 2009 | | Write a comment
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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Father, son seek payment from bankrupt Twin River

2:19 PM Mon, Oct 19, 2009 | | Write a comment
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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R.I. gas prices increase four cents

11:06 AM Mon, Oct 19, 2009 | | Write a comment
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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Verizon offers 'quad' bundle

10:58 AM Mon, Oct 19, 2009 | | Comments (1)
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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Toys R Us adds layaway program for holidays

10:54 AM Mon, Oct 19, 2009 | | Write a comment
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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Hasbro's 3Q profit rises 8.8 percent

7:39 AM Mon, Oct 19, 2009 | | Write a comment
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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