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December 2007 Archives
4:46 PM Mon, Dec 31, 2007 | Permalink |
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By Karen Bordeleau  Email
Wall Street ended a painful year with another steep loss today as investors glumly anticipated that 2008 would see a continuation of the uncertainty and turbulence of 2007. The Dow Jones industrials fell about 100 points -- the latest in......
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12:48 PM Fri, Dec 28, 2007 | Permalink |
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By Andrea Panciera Email
WASHINGTON -- Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector. The Commerce Department reported today that new-home sales tumbled by 9 percent......
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6:50 PM Thu, Dec 27, 2007 | Permalink |
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By Andrea Panciera Email
CRANSTON -- Mayor Michael T. Napolitano is scheduled to announce tomorrow that the city has reached an agreement, in principle, to buy out a controversial, half-built concrete plant in the Eden Park section of the city, according to administration officials.......
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1:32 PM Wed, Dec 26, 2007 | Permalink |
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By Andrea Panciera Email
NEW YORK -- U.S. home prices fell in October for the 10th consecutive month, posting their largest monthly drop since early 1991, a widely watched index showed today. The record 6.7 percent drop in the Standard & Poor's/Case-Shiller home price......
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1:23 PM Wed, Dec 26, 2007 | Permalink |
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By Andrea Panciera Email
NEW YORK -- Retailers opened earlier than ever on the day after Christmas today and slashed prices with hopes of salvaging a holiday season that is falling short of already modest expectations. Merchants are trying to lure post-Christmas bargain hunters......
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11:28 AM Wed, Dec 26, 2007 | Permalink |
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By Benjamin N. Gedan Email
Journal photo / Steve Szydlowski North Central Airport, in Smithfield, is among those operated by Landmark Aviation Airport Services. Landmark Aviation Airport Services, the company that runs five airports in the state, has been sold. The firm's parent company,......
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12:01 PM Sun, Dec 23, 2007 | Permalink |
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By Benjamin N. Gedan Email
For more information on the challenges facing T.F. Green Airport, here are several recent stories on the topic as well as Journal Business Editor John Kostrzewa's recent column about the proposed runway expansion: "Airport badly needs Sundlun’s tenacity," by John......
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2:11 PM Fri, Dec 21, 2007 | Permalink |
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By Paul Grimaldi Email
State regulators have given Verizon Communications final approval to begin offering cable television service in 12 Rhode Island communities, including Providence, as of Jan. 6. In a 19-page decision, hearing officer John Spirito Jr. concluded that Verizon had met all......
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2:04 PM Fri, Dec 21, 2007 | Permalink |
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By Paul Grimaldi Email
Pawtucket toymaker Hasbro Inc. will appeal the 5.1-million-euro ($7.3 million) fine levied by France over claims the company conspired with retailers and other manufacturers to fix the price of toys. Hasbro spokesman Wayne Charness told Bloomberg News today: "We continue......
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1:58 PM Fri, Dec 21, 2007 | Permalink |
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By Paul Grimaldi Email
A former Warwick man has agreed to plead guilty to federal charges in connection with an Internet sales scheme that bilked nearly $15 million from people across the country who wanted to buy electronic gadgets. Cory Johnson, formerly of 272......
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6:11 PM Thu, Dec 20, 2007 | Permalink |
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By Benjamin N. Gedan Email
The CRJ-200 that slid off the runway at Green Airport being moved off the accident site. Journal photo/ Sandor Bodo Runway conditions did not cause an Air Wisconsin jet to skid off T.F. Green's main runway last week, according......
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4:18 PM Thu, Dec 20, 2007 | Permalink |
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By Tim Barmann Email
The Public Utilities Commission, this afternoon, approved a request by National Grid to increase electricity rates by about 5.2 percent as of Jan. 1. The utility company said the increase was needed to cover the projected increase in crude......
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3:40 PM Thu, Dec 20, 2007 | Permalink |
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By Paul Grimaldi Email
An item on commercial real-estate blog crefeed.com notes the Wickford Junction shopping center in North Kingstown is for sale. The center is home to Wal-Mart and Staples stores and could become home to a rail station linking it to T.F.......
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11:28 AM Thu, Dec 20, 2007 | Permalink |
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By Paul Grimaldi Email
Hasbro Inc. is among eight manufacturers and retailers fined by France for fixing the price of toys sold in that country. France fined the Pawtucket, RI, toymaker 5.1 million euros, or $7.3 million, for collaborating with Europe's biggest retailer and......
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10:59 AM Thu, Dec 20, 2007 | Permalink |
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By Benjamin N. Gedan Email
Journal photo/ Bill Murphy Advocates for compressed-natural-gas vehicles were probably thrilled to learn that the new parking operator at T.F. Green Airport, Chicago-based Standard Parking Corp., had replaced the airport shuttles with CNG-powered vehicles. But just as one state......
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11:26 AM Wed, Dec 19, 2007 | Permalink |
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By Benjamin N. Gedan Email
BOSTON -- TJX Cos. and nearly all the banks and bank associations that sued the discount retailer over a massive credit card data breach said Tuesday they have settled the lawsuit for an undisclosed amount. Although both sides said the......
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11:25 AM Wed, Dec 19, 2007 | Permalink |
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By Benjamin N. Gedan Email
The dean of social sciences at Harvard University and health care specialist will be in Rhode Island Friday to discuss group economics of health care. David Cutler, author of Your Money or Your Life: Strong Medicine for America’s Health Care......
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8:32 AM Wed, Dec 19, 2007 | Permalink |
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By John Kostrzewa Email
The Rhode Island Economic Development Corporation this morning announced it will propose new rules to strengthen the agency’s expedited permitting process, called the Certificate of Critical Economic Concern. The agency cited the recent decision by commercial property insurer FM Global,......
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8:26 AM Wed, Dec 19, 2007 | Permalink |
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By John Kostrzewa Email
TJX Cos., owner of T.J. Maxx, Marshalls and A.J. Wright stores, said the company and nearly all the banks and bank associations that sued the discount retailer over a massive credit card data breach have settled the lawsuit for an......
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8:19 AM Wed, Dec 19, 2007 | Permalink |
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By John Kostrzewa Email
Cox Communications, battling with Verizon for cable customers in Rhode Island, has made a deal with Wal-Mart to sell its phone, video and Internet services at the retailer's locations in Warwick, Coventry, Newport, North Kingstown and Providence. "By bringing Cox......
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5:33 PM Tue, Dec 18, 2007 | Permalink |
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By Tim Barmann Email
Capital Properties Inc., an East Providence company that owns some prime land in Providence’s Capital Center district, gave bonuses to two retiring executives that total $215,000, the company said in a filing to federal regulators. The company also gave raises......
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4:31 PM Tue, Dec 18, 2007 | Permalink |
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By Benjamin N. Gedan Email
The Rhode Island Airport Corporation will meet tomorrow to discuss the search for a replacement for its executive director, Mark P. Brewer. Brewer is scheduled to leave T.F. Green on Friday. He has accepted a similar post at Manchester-Boston Regional......
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3:34 PM Tue, Dec 18, 2007 | Permalink |
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By Benjamin N. Gedan Email
Journal photo / Bill Murphy Lawrence K. Fish speaks with business leaders at a Greater Providence Chamber of Commerce meeting last month. Lawrence K. Fish announced today that he is retiring from all "day-to-day" responsibilities at Providence-based Citizens Financial......
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3:21 PM Tue, Dec 18, 2007 | Permalink |
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By Benjamin N. Gedan Email
Lifespan and Care New England, the two hospital groups in Rhode Island, announced today that the Federal Trade Commission will not stand in the way of their plans to merge. That means that the groups have cleared the first hurdle......
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11:31 AM Tue, Dec 18, 2007 | Permalink |
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By Benjamin N. Gedan Email
A version of Scrabble, Scrabulous, has caught on big-time on Facebook, the immensely popular social networking site. The program, based on the board game sold by Pawtucket-based toymaker Hasbro Inc., was introduced this summer. It now has more than......
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8:05 AM Tue, Dec 18, 2007 | Permalink |
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By John Kostrzewa Email
Gambling advocates are scheduled to testify today at the Massachusetts State House at the first legislative hearing on Gov. Patrick's proposal to license three casinos, one each in the Boston area, and the southeastern and western parts of the state.......
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7:55 AM Tue, Dec 18, 2007 | Permalink |
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By John Kostrzewa Email
The state has an $8.5 billion pension fund, and related invetsments, and for the last decade has used Wilshire Associates as a consultant to help manage the money. Now, General Treasurer Frank Caprio is seeking proposals from firms to provide......
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7:05 PM Mon, Dec 17, 2007 | Permalink |
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By Andrea Panciera Email
The U.S. Environmental Protection Agency said it has reached a settlement in which the owner of the coal-burning power plant in Somerset, Mass., Dominion Energy Brayton Point, LLC, has agreed to install a new cooling system that will significantly reduce......
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2:01 PM Mon, Dec 17, 2007 | Permalink |
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By Benjamin N. Gedan Email
Providence-based Textron Inc. has acquired Paladin Tools, "a provider of tools and accessories for the telecom, datacom and wiring industries," Textron announced today. "Strategically, this acquisition provides Greenlee with a complementary brand portfolio and an expanded product line," Scott Hall,......
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