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December 30, 2007 - January 5, 2008 Archives
4:53 PM Fri, Jan 04, 2008 | Permalink |
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By Andrea Panciera  Email
NEW YORK -- Wall Street fell sharply again today after the government's much-anticipated employment report showed weaker-than-expected job growth and a rise in the unemployment rate. The Nasdaq composite index, also pummeled by a downgrade of Intel Corp., skidded......
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3:18 PM Fri, Jan 04, 2008 | Permalink |
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By Benjamin N. Gedan Email
PROVIDENCE -- Three former lead paint manufacturers have asked a judge to strike down a $2.4 billion cleanup plan requested by the state. The proposal would force Sherwin-Williams and two other companies to pay for the inspection and cleanup of......
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2:28 PM Fri, Jan 04, 2008 | Permalink |
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By Benjamin N. Gedan Email
The Food and Drug Administration is reviewing new data submitted by Amgen Inc. related to its troubled anemia drugs Aranesp and Epogen. The Wall Street Journal reported today that the new data "provide further evidence of the risks of anemia......
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12:15 PM Fri, Jan 04, 2008 | Permalink |
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By Benjamin N. Gedan Email
The print edition of today's Providence Journal has an exclusive report about a new project by the Greater Providence Chamber of Commerce to improve the city's economy. Information will eventually be posted on the chamber's Web site. In the meantime,......
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11:26 AM Fri, Jan 04, 2008 | Permalink |
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By Benjamin N. Gedan Email
Alexion's president, David W. Keiser, with Governor Carcieri at a ribbon-cutting ceremony in Smithfield last June. Leonard Bell, chief executive officer of Alexion Pharmaceuticals Inc. (ALXN:Nasdaq), will speak about the company at the 26th Annual JP Morgan Healthcare Conference......
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9:35 AM Fri, Jan 04, 2008 | Permalink |
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By John Kostrzewa Email
Pawtucket-based Hasbro Inc. said this morning it has agreed to buy closely held game producer Cranium Inc. for $77.5 million. The purchase may close by the end of the first quarter, Hasbro said, and the price may change depending on......
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8:52 AM Fri, Jan 04, 2008 | Permalink |
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By John Kostrzewa Email
Talbots Inc., the retailer with several stores in Rhode Island, said this morning it will close 78 of its kids' and mens' stores by September, eliminating 800 jobs. Talbots, which has 1,000 stores nationwide, did not dislcose which stores would......
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12:19 PM Thu, Jan 03, 2008 | Permalink |
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By Benjamin N. Gedan Email
National Amusements Inc., based in Dedham, Mass., has formally announced its acquisition of the Feinstein IMAX Theatre at the Providence Place Mall. The Providence Journal reported the sale in the Biz Blog yesterday and in today's paper. In a statement......
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9:29 AM Thu, Jan 03, 2008 | Permalink |
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By John Kostrzewa Email
Huge red and yellow signs that read, “Store Closing Sale: 40 % to 60 % off” are plastered on the front windows of the KB Toys store at the Garden City Shopping Center in Cranston, marking the end of......
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9:22 AM Thu, Jan 03, 2008 | Permalink |
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By John Kostrzewa Email
iParty Corp. (IPT:AMEX), said this morning it has acquired two retail party goods stores in Lincoln and Warwick that previously operated as Party City franchise stores. The purchase price for the two stores was $1.35 million, plus about $195,000 for......
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9:10 AM Thu, Jan 03, 2008 | Permalink |
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By John Kostrzewa Email
Textron has been added to the SPADE Defense Index, a benchmark that investors use to evaluate publicly-traded defense contracors, and the Providence-based company could use the exposure to support its stock price. Shares in Textron (TXT:NYSE) on Tuesday, the first......
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9:02 AM Thu, Jan 03, 2008 | Permalink |
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By John Kostrzewa Email
Toray Plastics (America), Inc. is holding a recruitment drive this morning to fill 10 full-time jobs, with starting pay of $32,000 with overtime, at its North Kingstown manufacturing plant. The new hires will start as packaging technicians and most will......
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5:39 PM Wed, Jan 02, 2008 | Permalink |
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By John Kostrzewa Email
Rhode Island today became one of the first states in the country to require all mortgage originators who are not employed by a bank or credit union to register with a national licensing system designed to improve regulatory oversight and......
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3:43 PM Wed, Jan 02, 2008 | Permalink |
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By Benjamin N. Gedan Email
Sixth grader Malick Karmoko watches "Walking on the Moon" at the Feinstein IMAX Theatre in 2005. IMAX Corp. has sold the Feinstein IMAX Theatre to National Amusements Inc., giving National Amusements control over both cinemas in the Providence Place......
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3:43 PM Wed, Jan 02, 2008 | Permalink |
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By Neil Downing Email
The Internal Revenue Service has begun mailing federal tax packages to Rhode Island taxpayers who have filed paper returns in the past. The packages include forms and instructions, which taxpayers will use to prepare their federal income-tax returns for the......
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11:09 AM Wed, Jan 02, 2008 | Permalink |
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By Benjamin N. Gedan Email
Passenger traffic at T.F. Green Airport declined in November, ending a three-month streak of increased activity at the state's major airport. Total passenger traffic dropped in November to 403,970 from 413,355 a year before, a 2.3-percent decline. Traffic was up......
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10:30 AM Wed, Jan 02, 2008 | Permalink |
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By John Kostrzewa Email
BankNewport, based in Newport, said this morning it will open in late Spring its first branch in Narragansett at 90 Point Judith Road, on the site of the former Casa Rossi restaurant. The 2,800 square foot, full-service branch will include......
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8:57 AM Wed, Jan 02, 2008 | Permalink |
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By John Kostrzewa Email
William Ankner, former director of the RI Dept. of Transportation from 1996 to 2003, was working as a business consultant in Missouri when he was tapped to lead the Louisiana Dept. of Transportation and Development by Gov.elect Bobby Jindal. Jindal,......
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8:48 AM Wed, Jan 02, 2008 | Permalink |
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By John Kostrzewa Email
Randall Cope, co-president of Gatehouse Media, the publisher of more than 100 small, U.S. newspapers, steps down today. No reason was given by the company. Cope, who is also co-chief operating office, told Gatehouse on Dec. 19 that he planned......
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8:19 AM Wed, Jan 02, 2008 | Permalink |
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By John Kostrzewa Email
Jeffrey M. Thompson, president and CEO of Towerstream Corp., the Middletown-based wireless Intenet access company, got a pre-Christmas pay package that will give him a base salary of $225,000 a year. Thompson's employment contract, agreed to on Dec. 21, allows......
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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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