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John Kostrzewa


Textron told to slow work on Bell Helicopter

8:19 AM Wed, Aug 20, 2008 | | Comments (3)
By John Kostrzewa    Email

Textron Inc.'s Bell Helicopter unit was directed to reduce work for three months on the $6.27 billion Army Armed Reconnaissance Helicopter program while the Pentagon decides whether it should continue, a service spokesman told Bloomberg News this morning. The slowdown......

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BJ's raises profit forecast

8:19 AM Wed, Aug 20, 2008 | | Write a comment
By John Kostrzewa    Email

BJ's Wholesale Club Ithis morning reported that its profit edged up in the second-quarter and raised its full-year earnings forecast as frugal shoppers look for deals at discounters. The Natick, Mass.-based retailer said it earned $36.5 million, or 61 cents......

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Astro-Med reports boost in profits

4:22 PM Tue, Aug 19, 2008 | | Write a comment
By John Kostrzewa    Email

Astro-Med Inc., of West Warwick, today reported second quarter net income of $1.15 million, or 15 cents per diluted share, up 30 percent from $886,000, or 12 cents a share, in the year-ago period. Sales were $19.78 million, up from......

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Bergstrom finds new job in Connecticut

3:39 PM Tue, Aug 19, 2008 | | Write a comment
By John Kostrzewa    Email

By Katherine Gregg, Journal State House Bureau The former head of the Rhode Island Economic Policy Council has landed the top spot in the Urban Redevelopment Commission for Stamford, Conn., the city from whence he first came to the Ocean......

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Newport Grand installing new video slot machines

8:15 AM Tue, Aug 19, 2008 | | Comments (1)
By John Kostrzewa    Email

Newport Grand is installing more than 400 new slot machines and six new video blackjack tables in preparation for the opening of its new 22,000 square-food gaming space in September. Once complete, Newport Grand will offer more than 1,500 slot......

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General Dynamics acquires jet repair business

8:06 AM Tue, Aug 19, 2008 | | Comments (1)
By John Kostrzewa    Email

General Dynamics, the parent company of the Electric Boat shipyards in North Kingstown and Groton, Conn., said this morning it is buying Jet Aviation for about $2.25 billion cash to expand its business-aviation services, Bloomberg News reported. Jet Aviation, based......

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Longs supports CVS offer

8:02 AM Tue, Aug 19, 2008 | | Write a comment
By John Kostrzewa    Email

Longs Drug Stores Corp. recommended shareholders approve its $2.7 billion purchase by CVS Caremark Corp. even as activist investor Bill Ackman hired a firm to explore getting a higher price, according to Bloomberg News. The Longs board endorsed the takeover......

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