Projo Biz Blog

November 1, 2009 - November 7, 2009 Archives


Woonsocket baby goods company faces lawsuit

2:58 PM Fri, Nov 06, 2009 | | Write a comment
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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Ski ticket packages on sale

12:32 PM Fri, Nov 06, 2009 | | Write a comment
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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SEC launches investor education Web site

12:25 PM Fri, Nov 06, 2009 | | Write a comment
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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Retail group expands 'buyer beware' listings

12:04 PM Fri, Nov 06, 2009 | | Write a comment
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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CVS names replacement for retiring chief financial officer

12:02 PM Fri, Nov 06, 2009 | | Write a comment
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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Hasbro names TV veteran as studio executive

12:01 PM Fri, Nov 06, 2009 | | Write a comment
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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Overnight gamblers could go hungry at Twin River

10:38 AM Fri, Nov 06, 2009 | | Write a comment
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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Pharmacy sales boost profits at CVS

7:41 AM Thu, Nov 05, 2009 | | Write a comment
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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Rhode Island tax revenue drops

5:57 PM Wed, Nov 04, 2009 | | Comments (1)
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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N.Y. firm buys century-old, R.I.-based JT's Lumber

12:27 PM Wed, Nov 04, 2009 | | Write a comment
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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DOT to eliminate Route 95 southbound split

4:33 PM Tue, Nov 03, 2009 | | Write a comment
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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Kennedy Plaza repaving ahead of schedule

FS_20268.JPG 2:36 PM Tue, Nov 03, 2009 | | Write a comment
By News staff    Email

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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Textron executive to retire

9:34 AM Tue, Nov 03, 2009 | | Comments (1)
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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Government job fair to be held at Bryant University

4:29 PM Mon, Nov 02, 2009 | | Write a comment
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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Gaming executive drops bid to run Twin River slot parlor

11:20 AM Mon, Nov 02, 2009 | | Write a comment
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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