Projo Biz Blog

October 25, 2009 - October 31, 2009 Archives


A.H. Belo Corp., Journal parent company, cuts loss

8:25 AM Fri, Oct 30, 2009 | | Write a comment
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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Senate panel OKs cutting R.I. tax refund for student loans

5:44 PM Thu, Oct 29, 2009 | | Write a comment
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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R.I. labor agency sides with Twin River workers on OT pay

1:37 PM Thu, Oct 29, 2009 | | Write a comment
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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FGX acquires eyewear company

1:32 PM Thu, Oct 29, 2009 | | Write a comment
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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U.S. Labor Dept. sues Warwick 401k plan trustee

12:59 PM Thu, Oct 29, 2009 | | Write a comment
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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Channel 12 tops Channel 10's newscast at 11 p.m.

4:52 PM Wed, Oct 28, 2009 | | Comments (2)
By News staff    Email

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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Consumer agency issues gift card guidelines

3:28 PM Wed, Oct 28, 2009 | | Write a comment
By News staff    Email

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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Slumping sales push profits down at Textron

9:02 AM Tue, Oct 27, 2009 | | Write a comment
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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Home Depot starts trade-in program

1:52 PM Mon, Oct 26, 2009 | | Write a comment
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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Update: RI gas price jumps 13 cents; heating oil up, too

12:47 PM Mon, Oct 26, 2009 | | Write a comment
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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