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Owner of Citizens Financial reports third-quarter loss

8:51 AM Mon, Nov 09, 2009 | | Comments (1)
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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 Tags  Citizens Financial Group   Providence RI  

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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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 Tags  CVS Caremark Corp.   Woonsocket RI  

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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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 Tags  Providence RI   Textron  

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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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 Tags  Corrine McCormack   FGX International  

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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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 Tags  Cessna   E-Z-GO golf carts   Providence R.I.   Textron  

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Washington Trust posts third-quarter results

11:42 AM Wed, Oct 21, 2009 | | Write a comment
By Business staff    Email

Washington Trust Bancorp, Inc. (WASH-Nasdaq) reported on Tuesday after the close of trading third quarter net income of $4.9 million, or 31 cents a diluted share, compared to $6 million, or 44 cents per diluted share, in the year ago......

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 Tags  Washington Trust   Westerly RI  

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Kohl's begins annual fundraising sale

2:59 PM Wed, Oct 07, 2009 | | Write a comment
By Business staff    Email

The rollout of cause-related Christmas sales programs begins in earnest this week as the Kohl's department store chain has begun its annual Kohl's Cares for Kids campaign. Since 2000, the Wisconsin chain has sold popular childrens books and related stuffed......

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 Tags  Kohl's  

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