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Chafee says EDC to consider changing deal with 38 Studios

PROVIDENCE -- Governor Chafee has called the Rhode Island Economic Development Corporation to an emergency meeting Wednesday morning to discuss financial problems at Curt Schilling's videogame company and to consider whether to restructure the deal between 38 Studios and the...

May 15, 2012 9:45 pm
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R.I. Health Dept. warns Korean shellfish may be contaminated

PROVIDENCE, R.I. -- The Rhode Island Department of Health on Tuesday issued a warning against the consumption of fresh or frozen shellfish from Korea. The federal Food and Drug Administration has reported that all Korean shellfish, such as oysters, clams,...

May 15, 2012 4:51 pm
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R.I. Gov. Chafee says he's working to make 'smart decisions' on 38 Studios

PROVIDENCE, R.I. -- Pressed with questions about Curt Schilling's videogame company 38 Studios on Tuesday afternoon at the State House, Governor Chafee said he's working to determine as much as he can about the company's status, to keep the board...

May 15, 2012 4:36 pm
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R.I. Speaker Fox: 38 Studios in 'some default' on loan-guarantee payments

PROVIDENCE, R.I. -- House Speaker Gordon D. Fox said Tuesday that alarms went off about the financial health of 38 Studios, the video-game company owned by former Red Sox pitcher Curt Schilling that has a $75-million state-backed loan guarantee, "when...

May 15, 2012 4:31 pm
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MBTA will keep night and weekend runs into Providence

PROVIDENCE, R.I. -- Despite dire scenarios painted earlier this year, commuter trains between Providence and Boston will continue to run on weekends and late at night after July 1. Stephen Devine, chief of intermodal planning for the state Department of...

May 15, 2012 3:54 pm
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Financial analysts have their own takes on 38 Studios' finances

A statement Governor Chafee made Monday raising the question of whether videogame company 38 Studios is "solvent" does not square with what corporate financial analysts know about the Providence firm. On April 20, the Standard & Poor's ratings agency affirmed...

May 15, 2012 3:26 pm
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Plastics company to reopen Woonsocket mill

WOONSOCKET, R.I. (AP) -- A plastics company plans to refurbish and reopen a sprawling mill complex in Woonsocket. The Plastics Group says it will begin using the Jules Desurmont Mill for manufacturing by the end of the year. The Woonsocket...

May 15, 2012 7:39 am
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Kostrzewa: New biomanufacturing center to open in Fall River

Betaspring, the start-up accelerator in Providence, has been touted as a big help to entrepreneurs trying to launch a company or find mentors and colleagues. Now, other accelerators are organizing throughout the region. On Wednesday, state and local officials will...

May 15, 2012 7:27 am
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City official: 38 Studios sought help from Providence

PROVIDENCE, R.I. -- As 38 Studios executives have been meeting with Governor Chafee and leaders at the Rhode Island Economic Development Corporation over the past week, company executives also turned to the City of Providence for help. James S. Bennett,...

May 14, 2012 10:55 pm
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R.I. Gov. Chafee meets with 38 Studios executives over company finances

PROVIDENCE, R.I. -- Governor Chafee has met with 38 Studios executives and officials from the Rhode Island Economic Development Corporation in recent days, saying they're working at "protecting the taxpayer dollars." Chafee said he's checking "in on all the financials"...

May 14, 2012 6:22 pm
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