|
January 2008 Archives
3:30 PM Thu, Jan 31, 2008 | Permalink |
Write a  comment
By Benjamin N. Gedan  Email
Journal archive photo / Gretchen Ertl A Paragon employee last summer prepares for the annual warehouse sale. The facility, in Westerly, is closing in March. The Paragon, a Westerly mail-order firm that has operated since 1972, is closing its......
|
1:51 PM Thu, Jan 31, 2008 | Permalink |
Write a comment
By Andrea Panciera Email
The decline in Belo Corp.'s newspaper revenue accelerated in the last three months of 2007, but the pace of the decline will slow this year, chairman and chief executive Robert W. Decherd said yesterday in New York. Newspaper revenue fell......
|
1:29 PM Thu, Jan 31, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Farmers from Simmons Farm, in Middletown, are participating in this year's Local Food Forum. Farm Fresh Rhode Island is hosting the 4th Annual Local Food Forum next Tuesday, Feb. 5, to discuss ways to expand access to locally grown......
|
12:18 PM Thu, Jan 31, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
PROVIDENCE -- Three former lead paint makers plan to file their arguments in an appeals case potentially worth billions of dollars. The companies -- Sherwin-Williams, NL Industries and Millennium Holdings -- lost a landmark public nuisance lawsuit two years ago......
|
12:12 PM Thu, Jan 31, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
The House Finance Committee is holding a hearing next Tuesday, Feb. 5, into the controversial historic tax credit program. The program has resulted in dozens of mill conversions throughout the state that have turned long vacant buildings into luxury condominiums,......
|
12:00 PM Thu, Jan 31, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Raytheon Co., the world's largest missile maker, said fourth-quarter profit rose 84 percent, lifted by higher sales of combat systems and a tax gain, the Bloomberg news agency reported. The strong fourth quarter resulted in $21.3 billion in total sales......
|
7:52 AM Thu, Jan 31, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Woonsocket-based CVS Caremark Corp. reported this morning that fourth quarter profits were $815 million, or 55 cents a share, almost double the $417.2 million, or 49 cents a share, in the year-earlier period. Last year, CVS completed a $27 billion......
|
7:46 AM Thu, Jan 31, 2008 | Permalink |
Comments (1)
By John Kostrzewa Email
House Speaker Tempore Charlene M. Lima, D-Cranston, has submitted legislation to require that any foreclosed property in Rhode island be maintained in a condition that will not adversely affect the neighborhood in which it’s located. “Foreclosed property that is neglected......
|
10:52 AM Wed, Jan 30, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
WASHINGTON -- The Federal Reserve is likely to follow its bold action last week to battle an economic downturn with further interest rate reductions, although analysts are split on just what size the future cuts will be. Some believe the......
|
8:23 AM Wed, Jan 30, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Global Partners LP, based in Waltham, Mass., has opened a new distillate and biofuels terminal that will store 244,000 barrels of refined petroleum products at the Port of Providence. Global, a wholesale distributor in the Northeast, said the terminal is......
|
6:51 PM Tue, Jan 29, 2008 | Permalink |
Write a comment
By Andrea Panciera Email
FORT WORTH, Texas -- Bell Helicopter, whose parent company is Rhode Island-based Textron, is planning layoffs. But a spokesman today says the company is still determining how many workers will lose their jobs -- and when. The Fort Worth, Texas-based......
|
4:09 PM Tue, Jan 29, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Predicting local tourism activity this year will be difficult, given the presidential election and the possibility of an economic recession, according to Evan Smith, president of the Newport County Convention and Visitors Bureau. Speaking at the monthly meeting of the......
|
3:37 PM Tue, Jan 29, 2008 | Permalink |
Comments (1)
By Benjamin N. Gedan Email
Journal file photo / Bob Breidenbach The New England Patriots take on the New York Giants in the Super Bowl on Sunday. There is apparently more at stake in Sunday's Super Bowl than the happiness of thousands of New......
|
3:30 PM Tue, Jan 29, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Providence-based LIN TV said in a federal regulatory filing today that William H. Cunningham resigned from the board of directors, effective immediately, because he wanted to reduce his professional commitments. LIN (TVL:Nasdaq) said that the board appointed Patti S. Hart,......
|
1:52 PM Tue, Jan 29, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Journal file photo / Bill Murphy A new bridge connecting the Dunkin' Donuts Center and the Rhode Island Convention Center. The convention center has created a committee to study ways to more efficiently use energy and other resources. PROVIDENCE......
|
10:46 AM Tue, Jan 29, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
The Rhode Island Economic Development Corporation board last night approved four requests for tax credits designed to help local start-ups attract investment. The four companies - Lighthouse Security Group, Ocean State Solutions, Providence Health Solutions, and Public Display - had......
|
10:21 AM Tue, Jan 29, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Journal file photo / Sandor Bodo Providence Mayor David N. Cicilline at the opening of the Renaissance Providence Hotel in the Masonic Temple building last June. The project was paid for, in part, by historic tax credits. The advocacy......
|
9:50 AM Tue, Jan 29, 2008 | Permalink |
Write a comment
By Neil Downing Email
State income-tax packages have begun arriving in mailboxes. Michael F. Canole, chief revenue agent for the Rhode Island Division of Taxation's personal income-tax section, said that many of the packages began arriving last week. Others should be received this week.......
|
8:59 AM Tue, Jan 29, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
EMC Corp. beat analysts forecasts by reporting fourth quarter net income of $525.7 million, or 24 cents a share, compared with $388.8 million, ot 18 cents a share, in the year-ago period. the company based in Hopkinton, Mass. said this......
|
3:35 PM Mon, Jan 28, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
The Bank of America tower, built in 1927, is the tallest building in the state. The Inland Real Estate Corporation has sold the art deco Bank of America tower, known locally as the Superman building, to High Rock Westminster......
|
3:05 PM Mon, Jan 28, 2008 | Permalink |
Write a comment
By Andrea Panciera Email
No more excuses for these commuters to nap on the train. Beginning this week, commuters on the Worcester/Framingham MBTA commuter rail line to Boston will have free WiFi service. When the service comes online, you can use your laptop, PDA,......
|
2:21 PM Mon, Jan 28, 2008 | Permalink |
Write a comment
By Paul Grimaldi Email
Cranston-based Ross-Simons last week scooped up two store leases in the Boston area when a U.S. Bankruptcy Court judge approved the sale of the beleaguered Alpha Omega Jewelers to an investment consortium. Earlier this month, Ross-Simons joined a consortium led......
|
12:00 PM Mon, Jan 28, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Alexion Pharmaceuticals Inc. will announce its fourth-quarter earnings on Thursday, Feb. 14, the company said today. Alexion officials will discuss the earnings report during a conference call and audio Web cast starting at 10 a.m. Alexion has spent nearly $80......
|
11:13 AM Mon, Jan 28, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Janitors at Providence College employed by Hurley of America, Inc., have three days left in their contract, and they’re not happy. The group says they have faced harassment and threats for trying to get changes in the contract and that......
|
10:53 AM Mon, Jan 28, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Journal file photo / Kris Craig Governor Carcieri sits beside Richard Seline, president of New Economy Strategies, the consulting firm hired by the Greater Providence Chamber of Commerce to study the Providence economy. The Greater Providence Chamber of Commerce......
|
10:28 AM Mon, Jan 28, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
The Rhode Island Economic Development Corporation board is meeting today at 4 p.m. to vote on four requests for tax credits designed to help local start-ups attract investment. The four companies - Lighthouse Security Group, Ocean State Solutions, Providence Health......
|
8:20 AM Mon, Jan 28, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
KVH Industries Inc., based in Middletown, said it settled for a $5.3 million cash payment, made by its insurer, a securities class action claim filed in federal court against KVH and some of its officers in 2004 by a class......
|
8:17 AM Mon, Jan 28, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Pawtucket-based Hasbro, the maker of the Monopoly and Scrabble board games, said it completed its previously-announced agreement to buy closely held Cranium Inc. for $77.5 million. Cranium, which makes its namesake and Hullabaloo games, may have at least $100 million......
|
8:14 AM Mon, Jan 28, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Brown University said it will try to cut its greenhouse gas emissions by 42 percent below 2007 levels. And wants to do it by 2020. Brown said it also will require that all newly constructed buildings limit emissions to 25......
|
|
