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November 2009 Archives
3:42 PM Fri, Nov 20, 2009 | Permalink |
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By Bruce Landis Journal staff writer A welder works Friday morning in the rain on what will be the Clifford Street overpass over Route 95. The highway was closed Thursday night into early Friday morning to start putting the beams,......
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2:52 PM Fri, Nov 20, 2009 | Permalink |
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By News staff Email
PROVIDENCE, R.I. -- Brown University on Friday unveiled a new supercomputer that is the most powerful machine of its kind in Rhode Island. The multimillion-dollar IBM computer will be used by scientists at Brown and other educational institutions in Rhode......
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1:05 PM Fri, Nov 20, 2009 | Permalink |
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By Paul Edward Parker Email
The Rhode Island Division of Public Utilities and Carriers on Friday yanked the license for half of Yellow Cab's fleet and fined the company $100,000 for rolling back odometers on its cabs. The rollbacks did not affect the fares paid......
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12:05 PM Fri, Nov 20, 2009 | Permalink |
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By News staff Email
By Cynthia Needham Journal staff writer Rhode Island's unemployment rate may have dropped to 12.9 percent from 13 percent in October, but it's still the third highest in the country. Figures released Friday morning for all 50 states solidify Rhode......
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11:46 AM Fri, Nov 20, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
Providence Journal chart / C. Eugene Emery Jr. PROVIDENCE, R.I. - Average prices for heating oil, diesel and unleaded gasoline remained virtually unchanged from last week, according to Friday's survey by the Rhode Island Office of Energy Resources. The......
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5:23 PM Thu, Nov 19, 2009 | Permalink |
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By Paul Edward Parker Email
NEWPORT, R.I. -- A downtown building that was constructed in 1909 as a YMCA and became a hotel in 1997 has been sold. According to city land records, Vanderbilt Hall, on Mary Street, sold for $5.7 million on Monday. The......
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4:26 PM Thu, Nov 19, 2009 | Permalink |
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By Paul Grimaldi Email
The owner of the Providence Place mall said Thursday that it has reached a deal with some of its lenders, allowing a number of its shopping centers to exit bankruptcy by the end of 2009. General Growth Properties Inc. (GGP:NYSE)......
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7:59 AM Thu, Nov 19, 2009 | Permalink |
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AP Photo/Cape Cod Times/ Merrily Lunsford Ken Williamson rakes cranberries during the wet harvest at Willowbend Country Club Sept. 30, 2009 in Mashpee, Mass. WISCONSIN RAPIDS, Wis. (AP) -- The cranberry harvest slipped in Massachusetts, but other states have......
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7:44 AM Thu, Nov 19, 2009 | Permalink |
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By News staff Email
WARWICK, R.I. -- An ambitious plan to build a hotel, parking garage and complex of buildings that will combine office and retail space on Jefferson Boulevard received final approval from the city Wednesday night. The proposal, which is the vision......
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10:30 AM Tue, Nov 17, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
EAST GREENWICH, R.I. -- With the fiscal year not even at the halfway mark, the town is going to have to find $330,000 in budget cuts and find them soon, Town Manager William Sequino will tell the Town Council at......
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9:51 AM Tue, Nov 17, 2009 | Permalink |
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By Paul Grimaldi Email
The number of shoppers planning to buy Christmas and Hanukkah gifts with cash or debit cards in 2009 is expected to rise, according to a survey released Tuesday by the National Retail Federation. One quarter of U.S. shoppers said they......
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6:22 PM Mon, Nov 16, 2009 | Permalink |
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By Bruce Landis Email
PROVIDENCE, R.I. -- The Rhode Island Public Transit Authority voted Monday to give General Manager Alfred J. Moscola a one-year contract extension. Chairman John Rupp said he expects that Moscola will remain "for a considerable period of time as the......
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3:07 PM Mon, Nov 16, 2009 | Permalink |
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By Paul Grimaldi Email
While the bankers who financed the transformation of the old Lincoln Greyhound Park into the Twin River slot parlor may still be out hundreds of millions of dollars, lawyers and other consultants to the gambling venue's bankrupt holding company are......
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2:16 PM Mon, Nov 16, 2009 | Permalink |
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By News staff Email
National Grid said Monday in plans to spend $35.6 million in 2010 to encourage its electric and natural gas customers to conserve energy. The amount is 24 percent higher than the amount allocated in the current year, and 57 more......
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1:37 PM Mon, Nov 16, 2009 | Permalink |
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By Paul Grimaldi Email
MASHANTUCKET, Conn. -- Foxwoods Resort Casino and MGM Grand at Foxwoods on Thursday reported a 4-percent decline in slot revenue in October, netting $54.8 million for the month. "Despite the fact that we've seen a slight decrease in revenue compared......
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10:04 AM Mon, Nov 16, 2009 | Permalink |
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By News staff Email
PROVIDENCE, R.I. -- Gasoline prices in Rhode Island have dropped for the second week in a row, according to AAA Southern New England. The price has dropped two cents to an average of $2.679 for regular unleaded at the self-service......
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4:34 PM Fri, Nov 13, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
The union representing about 120 workers at a Lincoln-based warehouse distribution center for Liz Claiborne Inc.'s jewelry division said Friday it has been informed by the company that the facility will be shut down this spring and the operations moved......
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1:23 PM Fri, Nov 13, 2009 | Permalink |
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By Bruce Landis Email
PROVIDENCE, RI. - - The Department of Transportation said it will close sections of Route 95 north and south in Providence on various nights during the next two weeks for work on Route 95 and Route 195. In addition to......
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12:02 PM Fri, Nov 13, 2009 | Permalink |
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By C. Eugene Emery Jr. Email
Providence Journal chart / C. Eugene Emery Jr. PROVIDENCE, R.I. -- Gasoline prices have dipped for the first time since mid-October, but the price of diesel fuel showed a hefty 7-cent increase, to $2.91, over the past week, according......
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4:08 PM Thu, Nov 12, 2009 | Permalink |
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By Paul Grimaldi Email
The Federal Reserve, responding to criticism that it hasn't moved quickly enough to address abusive consumer lending practices, on Thursday issued new rules limiting the instances in which financial institutions can charge overdraft fees on debit-card transactions. The rules will......
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3:09 PM Thu, Nov 12, 2009 | Permalink |
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By Paul Grimaldi Email
PROVIDENCE, R.I. -- The Twin River slot parlor has asked a federal bankruptcy judge for permission to hire the former president of an Indiana casino company to oversee operations at the Lincoln gambling venue. John J. McLaughlin would advise financially......
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3:00 PM Thu, Nov 12, 2009 | Permalink |
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By Paul Grimaldi Email
PROVIDENCE, R.I. -- A U.S. trustee is objecting to the settlement agreement between the holding company that operates the Twin River slot parlor and the greyhound owners association that provides dogs for racing in Lincoln. The agreement announced in October......
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9:49 AM Thu, Nov 12, 2009 | Permalink |
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By Paul Grimaldi Email
PROVIDENCE, R.I. -- A Rhode Island woman is suing Citibank, claiming the financial giant is trying to squeeze money out of its credit-card customers in advance of changes in federal law due to take place in February 2010. The lawsuit......
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2:51 PM Tue, Nov 10, 2009 | Permalink |
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By Paul Grimaldi Journal Staff Writer The New York attorney general said Tuesday that Woonsocket-based CVS Caremark Corp. (CVS:NYSE) has agreed to pay $875,000 to settle charges that it sold expired products at its stores in that state. New York......
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2:43 PM Tue, Nov 10, 2009 | Permalink |
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By Bruce Landis Email
PROVIDENCE, R.I. -- Governor Carcieri on Tuesday vetoed legislation that would have limited the way government uses electronic devices that allow tracking people and objects like motor vehicles, something privacy advocates are concerned about. The governor's veto messages on two......
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11:51 AM Mon, Nov 09, 2009 | Permalink |
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By Paul Grimaldi Email
LINCOLN, RI -- The Twin River slot parlor in Lincoln said Monday it will begin operating 24 hours a day, seven days a week beginning Thursday, Nov. 19. Earlier in November, the Rhode Island Lottery director gave the financially troubled......
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8:51 AM Mon, Nov 09, 2009 | Permalink |
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By Business staff Email
Royal Bank of Scotland, owner of Providence-based Citizens Financial Group, reported third-quarter losses of $2.98 billion and said loan impairments are "plateauing." The Royal's U.S. operations, which include Citizens, lost $67 million in the quarter. Citizens took $296 million in......
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2:58 PM Fri, Nov 06, 2009 | Permalink |
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By Paul Grimaldi Email
WOONSOCKET, R.I. -- Woonsocket-based Summer Infant Inc. has been hit with a potential class-action lawsuit, the consumer goods maker disclosed Friday in a federal regulatory filing. The complaint filed with the Circuit Court for Cook County, Ill., alleges that Summer......
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12:32 PM Fri, Nov 06, 2009 | Permalink |
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By Paul Grimaldi Email
A New Hampshire ski association is offering discount lift-ticket packages for the upcoming 2009-2010 ski season. Ticket prices offered through Ski New Hampshire, a statewide association representing 36 winter resorts and more than 200 lodging properties, range from $25 to......
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12:25 PM Fri, Nov 06, 2009 | Permalink |
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By Paul Grimaldi Email
The U.S. Securities and Exchange Commission has launched a Web site devoted to investor education, which includes a "top tips" list and advice on how to avoid financial scams. On the Web site consumers also can find information about how......
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12:04 PM Fri, Nov 06, 2009 | Permalink |
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By Paul Grimaldi Email
The National Retail Federation warned consumers this week about buying certain health and beauty products, as well as certain foods through online auction sites because of suspected health hazards associated with improper storage of such items. The federation first issued......
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12:02 PM Fri, Nov 06, 2009 | Permalink |
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By Paul Grimaldi Email
WOONSOCKET, RI -- CVS Caremark (CVS:NYSE) said Thursday that it has apponted David M. Denton as its new chief financial officer, effective Jan. 1, 2010. Denton will replace David Rickard, who is retiring at the end of 2009. Currently, Denton......
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12:01 PM Fri, Nov 06, 2009 | Permalink |
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By Paul Grimaldi Email
PAWTUCKET, RI -- Hasbro Inc., (HAS: NYSE) has named television veteran Kathy Samuels as executive producer of the toymaker's new Hasbro Studios unit in Los Angeles. Samuels worked for both the CBS and NBC television networks, taking part in the......
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10:38 AM Fri, Nov 06, 2009 | Permalink |
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By Paul Grimaldi Email
LINCOLN, R.I. -- Ardent gamblers may be cheering this week's decision by the state's Lottery director to approve 24-hour gambling seven days a week at Twin River, but the slot parlor's late-night denizens better bring along their own snacks because......
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7:41 AM Thu, Nov 05, 2009 | Permalink |
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By Business staff Email
Drugstore sales and pharmacy benefits sevices boosted third-quarter profits at Woonsocket-based CVS Caremark Corp. by 39 percent. CVS said Thursday that profits jumped to $1.02 billion, or 71 cents per share, from $732.5 million, or 50 cents per share, a......
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5:57 PM Wed, Nov 04, 2009 | Permalink |
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By Neil Downing Email
State tax collections plunged over the last four months, yet another sign that Rhode Island's economy is going nowhere fast. The Rhode Island Division of Taxation presented figures at a State House conference on Wednesday which showed that the amount......
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12:27 PM Wed, Nov 04, 2009 | Permalink |
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By Pamela Reinsel Cotter Email
By Bruce Landis Journal staff writer A family-owned landmark for Rhode Island builders and home do-it-yourselfers, JT's Lumber Company, has been sold to a New York lumber business, officials said. The buyer is Riverhead Building Supply Corp., which operates nine......
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4:33 PM Tue, Nov 03, 2009 | Permalink |
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By News staff Email
PROVIDENCE, RI -- The state Department of Transportation said that it will eliminate a split in the southbound lanes of Route 95 Wednesday night, and, in a larger move, close the existing Exit 20 from Route 95 southbound to Route......
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2:36 PM Tue, Nov 03, 2009 | Permalink |
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By Bruce Landis Journal Staff Writer Journal photo/ Frieda Squires Repaving at Kennedy Plaza in Providence has forced riders to catch their buses at different spots in downtown Providence. PROVIDENCE, R.I. -- A contractor for the Rhode Island Public Transit......
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9:34 AM Tue, Nov 03, 2009 | Permalink |
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By Business staff Email
Mary Howell, executive vice president at Textron, will retire on Dec. 31 after 30 years at the company. Howell joined Textron in 1980 and has been an officer of the corporation for 24 years. She has served on the Management......
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4:29 PM Mon, Nov 02, 2009 | Permalink |
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By Barbara Polichetti Email
SMITHFIELD, R.I. -- Government agencies will be eyed as more than the sources of speeding tickets and income tax forms this week at a special job fair to be held on the campus of Bryant University. More than 600 college......
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11:20 AM Mon, Nov 02, 2009 | Permalink |
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By Paul Grimaldi Email
A Las Vegas gaming executive has dropped his bid for a license to operate a gaming facility in Rhode Island amid concerns about his efforts to create a Massachusetts casino that would compete with the Twin River slot parlor. William......
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