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U.S. stock markets closed in observance of holiday

8:02 AM Fri, Jul 03, 2009 | | Write a comment
By Business staff    Email

The U.S. stock markets are closed on Friday in observance of the July 4 holiday. They will reopen on Monday. So far this year, the Dow Jones Industrial Average is down 5.65 percent while the Standard & Poor 500 Index......

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 Tags  Dow Jones Industrial Average   NASDAQ Composite Index   Standard & Poor 500  

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GTECH wins Arizona contract

11:58 AM Tue, Jun 30, 2009 | | Write a comment
By Business staff    Email

GTECH Printing Corp., a unit of Providence-based GTECH Corp., said on Tuesday the Arizona Lottery has chosen GTECH Printing for instant-ticket printing services. The five-year contract will start January 14, 2010, and provides for five one-year extension options. Other terms......

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 Tags  GTECH Corp.   Providence RI  

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Union-backed group alleges CVS selling expired goods

7:19 AM Tue, Jun 30, 2009 | | Write a comment
By Business staff    Email

A group backed by unions said it will present the findings of a survey to 39 state attorneys general alleging that CVS Caremark Corp. is selling expired over-the-counter drugs, infant formula and dairy products. Change to Win, a Washington-based group......

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 Tags  Change to Win   CVS Caremark Corp.   Woonsocket RI  

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Pawtucket retains A3 bond rating

9:03 AM Fri, Jun 26, 2009 | | Write a comment
By Business staff    Email

Pawtucket has retained its A3 bond rating set by Moody's Investment Services. City officials were expecting the rating to be lowered because of the recession but Moody's cited the city's cost cutting efforts in light of declining state aid in......

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 Tags  Mayor James Doyle   Moody's Investment Services   Pawtucket RI  

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Picerne plans $26 million in property renovations

9:20 AM Thu, Jun 25, 2009 | | Write a comment
By Business staff    Email

Picerne Real Estate Group, of Warwick, is planning a three-year $26 million renovation and redevelopment program for its multi-family apartment properties in Rhode Island. The project will include interior and exterior modernization as well as upgrades to life and......

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 Tags  Picerne Real Estate Group  

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Two RI firms included on stock index

9:00 AM Mon, Jun 22, 2009 | | Write a comment
By Business staff    Email

Two publicly-traded companies based in Rhode Island will be included on June 26 in the Russell 3000 Index, a stock index widely-used by investment managers and institutional investors as a benchmark for stock market movements. The companies are Bancorp Rhode......

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 Tags  A.H. Belo Corp.   Bancorp Rhode Island   KVH Industries   middletown   Russell 3000 Index  

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President of Citizens Financial Group to resign

8:50 AM Mon, Jun 22, 2009 | | Write a comment
By Business staff    Email

James G. Connolly, president of Providence-based Citizens Financial Group, has decided to leave the company, according to the company. Robert D. Matthews Jr., a vice chairman of Citizens, will assume Connolly's responsibilities overseeing commercial banking. Matthews will be based in......

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 Tags  Citizens Financial Group   James G. Connolly   Robert D. Matthews  

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