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Paul Grimaldi


More Americans to use cash, debit cards for holidays

9:51 AM Tue, Nov 17, 2009 | | Write a comment
By Paul Grimaldi    Email

The number of shoppers planning to buy Christmas and Hanukkah gifts with cash or debit cards in 2009 is expected to rise, according to a survey released Tuesday by the National Retail Federation. One quarter of U.S. shoppers said they......

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 Tags  consumers   economy  

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Twin River lawyers, others bill $2.2M for bankruptcy work

3:07 PM Mon, Nov 16, 2009 | | Write a comment
By Paul Grimaldi    Email

While the bankers who financed the transformation of the old Lincoln Greyhound Park into the Twin River slot parlor may still be out hundreds of millions of dollars, lawyers and other consultants to the gambling venue's bankrupt holding company are......

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 Tags  casinos   Lincoln RI   Twin River  

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Slot revenue continue slide at Foxwoods, Mohegan Sun

1:37 PM Mon, Nov 16, 2009 | | Write a comment
By Paul Grimaldi    Email

MASHANTUCKET, Conn. -- Foxwoods Resort Casino and MGM Grand at Foxwoods on Thursday reported a 4-percent decline in slot revenue in October, netting $54.8 million for the month. "Despite the fact that we've seen a slight decrease in revenue compared......

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 Tags  casinos   economy  

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Federal Reserve moves to restrict overdraft fees

4:08 PM Thu, Nov 12, 2009 | | Write a comment
By Paul Grimaldi    Email

The Federal Reserve, responding to criticism that it hasn't moved quickly enough to address abusive consumer lending practices, on Thursday issued new rules limiting the instances in which financial institutions can charge overdraft fees on debit-card transactions. The rules will......

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 Tags  consumer   Your Money  

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Twin River slot parlor looks to hire gaming exec

3:09 PM Thu, Nov 12, 2009 | | Write a comment
By Paul Grimaldi    Email

PROVIDENCE, R.I. -- The Twin River slot parlor has asked a federal bankruptcy judge for permission to hire the former president of an Indiana casino company to oversee operations at the Lincoln gambling venue. John J. McLaughlin would advise financially......

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 Tags  business   casinos   Providence RI   Twin River  

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U.S. trustee objects to deal with Twin River dog owners

3:00 PM Thu, Nov 12, 2009 | | Write a comment
By Paul Grimaldi    Email

PROVIDENCE, R.I. -- A U.S. trustee is objecting to the settlement agreement between the holding company that operates the Twin River slot parlor and the greyhound owners association that provides dogs for racing in Lincoln. The agreement announced in October......

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 Tags  bankruptcy   casinos   Providence RI   Twin River  

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Lawyer seeks class action for lawsuit on credit-card rates

9:49 AM Thu, Nov 12, 2009 | | Write a comment
By Paul Grimaldi    Email

PROVIDENCE, R.I. -- A Rhode Island woman is suing Citibank, claiming the financial giant is trying to squeeze money out of its credit-card customers in advance of changes in federal law due to take place in February 2010. The lawsuit......

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 Tags  banks   consumer   Providence RI  

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