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January 6, 2008 - January 12, 2008 Archives
2:43 PM Fri, Jan 11, 2008 | Permalink |
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By Benjamin N. Gedan  Email
Journal photo/Bob Breidenbach Amgen produces the drug Enbrel at a massive plant in West Greenwich. If the arthritis drug Enbrel is found to help Alzheimer’s patients, it could have an "enormous" impact on Amgen's operations in Rhode Island, according......
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12:22 PM Fri, Jan 11, 2008 | Permalink |
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By John Kostrzewa Email
Pawtucket-based Hasbro, Inc. (HAS:NYSE) said thsi morning it has reached a licensing deal with Thorley Industries, LLC, based in Pittsburgh, on two new products to be launched in 2008. The parties have also entered into a development agreement for additional......
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11:29 AM Fri, Jan 11, 2008 | Permalink |
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By Lynn Arditi Email
Rhode Island General Treasurer Frank Caprio and state housing officials today announced that they are supporting legislation to protect the growing number of renters who are being forced out of their homes due to foreclosures. The proposed bill would......
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11:26 AM Fri, Jan 11, 2008 | Permalink |
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By Benjamin N. Gedan Email
Providence-based Textron Inc. has formed a new partnership with Bombardier Recreational Products to help marine retailers afford to stock Bombardier products. As part of the arrangement, Textron Financial Corporation, a Textron subsidiary, will provide new dedicated lines of credit to......
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11:17 AM Fri, Jan 11, 2008 | Permalink |
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By Benjamin N. Gedan Email
BOSTON — The Boston Public Health Commission has given preliminary approval to a ban on the use of trans fats by restaurants in Boston. If the measure receives final approval, it would go into effect later this year and follow......
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4:56 PM Thu, Jan 10, 2008 | Permalink |
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By Tim Barmann Email
The Providence and Worcester Railroad Company said today that a railroad car provider has agreed to invest $5.5 million in the company, in exchange for about 5 percent of newly-issued shares of common stock. The investment was made by GATX......
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4:32 PM Thu, Jan 10, 2008 | Permalink |
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By Benjamin N. Gedan Email
Adelita Orefice, the state Department of Labor and Training director, is leaving the position, telling staff today she has decided to take a new job as deputy secretary of the state Office of Health and Human Services. Just after 4......
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2:35 PM Thu, Jan 10, 2008 | Permalink |
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By Benjamin N. Gedan Email
In a sharply worded letter, Warwick Mayor Scott Avedisian has lambasted the Federal Aviation Administration for rejecting the city's proposal that it consider limiting any runway expansion at T.F. Green Airport to 8,300 feet. This past summer, Avedisian called on......
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2:25 PM Thu, Jan 10, 2008 | Permalink |
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By Benjamin N. Gedan Email
KVH Industries Inc. was named "Supplier of the Year" by General Dynamics Land Systems-Canada at an award presentation at KVH's facility in Illinois, according to KVH, based in Middletown. KVH supplies TACNAV(R) tactical navigation systems to General Dynamics for a......
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11:13 AM Thu, Jan 10, 2008 | Permalink |
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By Benjamin N. Gedan Email
Governor Carcieri may be getting more help in his efforts to push alternative energy. In a column in yesterday's Providence Journal, William Patenaude, a writer for The Rhode Island Catholic, said the Vatican is becoming more active in combating climate......
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9:37 AM Thu, Jan 10, 2008 | Permalink |
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By John Kostrzewa Email
Suffolk Education, based in Boston, will do a five month renovation of the Brown Bookstore in Providence that will start in March and be completed in August. The campus bookstore will remain open during the renovation of the 20,000 square......
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9:28 AM Thu, Jan 10, 2008 | Permalink |
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By John Kostrzewa Email
Two retailers with stores in Rhode Island this morning reported differing results for the key, December selling season. BJ's Wholesale Club (BJ:NYSE) reported comparable store sales increased 3 percent in December, including a contribution from the sale of gasoline of......
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5:26 PM Wed, Jan 09, 2008 | Permalink |
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By Tim Barmann Email
The new owner of WLNE-TV/ABC6 continued its restructuring efforts at the Providence TV station this week, shuffling some anchor positions, adding new on-air reporters and laying off some long-time staff members. On Monday and Tuesday, the station laid off four......
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3:30 PM Wed, Jan 09, 2008 | Permalink |
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By Paul Grimaldi Email
A former Warwick man plead not guilty this afternoon 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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2:00 PM Wed, Jan 09, 2008 | Permalink |
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By John Kostrzewa Email
Massachusetts health officials have approved new regulations allowing the operation of retail-based medical clinics at pharmacies. The move came after Woonsocket-based CVS Caremark Corp. applied last year to open a retail clinic at one of its stores in Weymouth. The......
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12:50 PM Wed, Jan 09, 2008 | Permalink |
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By Paul Grimaldi Email
Hasbro, the world's second-largest toymaker, said this afternoon it will cut 200 jobs at its factory in East Longmeadow, Mass., as part of its plans to improve productivity at the plant where board games are made. The company said it......
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12:00 PM Wed, Jan 09, 2008 | Permalink |
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By Benjamin N. Gedan Email
The Providence Foundation elected its officers last night at its annual meeting at the Dunkin' Donuts Center, attended by Governor Carcieri, Providence Mayor David N. Cicilline and U.S. Sen. Sheldon Whitehouse. The politicans were not the only well-known figures in......
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11:20 AM Wed, Jan 09, 2008 | Permalink |
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By Benjamin N. Gedan Email
KVH Industries' chief executive officer, Martin Kits van Heyningen, pictured at right, and chief financial officer, Patrick Spratt, are scheduled to speak at the 10th Annual Needham Growth Stock Conference in New York City tomorrow. Their presentation, scheduled for......
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8:13 AM Wed, Jan 09, 2008 | Permalink |
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By John Kostrzewa Email
Gasoline prices reached $$3.159 a gallon in Rhode Island this week, according to the state Energy Office, and a new government forecast says they will go higher. The Energy Information Administration, the statistical arm of the U.S. Energy Dept., said......
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7:37 AM Wed, Jan 09, 2008 | Permalink |
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By John Kostrzewa Email
Students at The Met School in Providence are competing this morning in a Business Plan competition called Entrepreneurship 360. Six finalists have been selected from an initial pool of 15 students to present their business plans to a panel of......
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3:19 PM Tue, Jan 08, 2008 | Permalink |
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By Paul Grimaldi Email
Tourists and day-trippers generated $5.4 billion in economic activity in Rhode Island last year, according to a report released today by research firm Global Insights, and accounted for 10 percent of all state and local tax revenues and supported jobs......
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1:14 PM Tue, Jan 08, 2008 | Permalink |
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By Tim Barmann Email
Rhode Island Housing announced this afternoon that it is again offering a heating assistance program that allows mortgage customers to defer part of their monthly mortgage payment during the winter months to make it easier to pay heating bills. The......
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1:11 PM Tue, Jan 08, 2008 | Permalink |
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By Tim Barmann Email
Narragansett Bay Insurance Co. announced today that three private firms have agreed to invest a total of $200 million in the company, allowing it to expand its homeowners business along the Eastern seaboard. Among the investors is Pine Brook Partners......
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1:11 PM Tue, Jan 08, 2008 | Permalink |
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By Andrea Panciera Email
Rhode Island house sales in November fell for the ninth straight month, and prices tumbled farther, too. The Warren Group, a Boston-based publisher of real estate data, reported that single-family house sales in November sank 18.7 percent from a year......
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12:49 PM Tue, Jan 08, 2008 | Permalink |
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By Benjamin N. Gedan Email
U.S. Rep. James R. Langevin will participate in a roundtable discussion with members of The New England Council on Thursday at The Westin Providence hotel. “I look forward to discussing my priorities for 2008 with members of the council and......
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12:18 PM Tue, Jan 08, 2008 | Permalink |
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By Benjamin N. Gedan Email
Amgen Inc. cut 13 percent of its workforce last year, part of a massive cost-cutting effort. Chief Executive Officer Kevin Sharer, speaking this morning at the JP Morgan Healthcare Conference in San Francisco, said his beleaguered company is "on track"......
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12:02 PM Tue, Jan 08, 2008 | Permalink |
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By Benjamin N. Gedan Email
Artist's rendering of the luxury suites at the Dunkin' Donuts Center The 20 luxury suites at the Dunkin' Donuts Center, a major component of the $80.5-million renovation, are scheduled to open tomorrow. The Rhode Island Convention Center Authority, the......
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9:20 AM Tue, Jan 08, 2008 | Permalink |
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By John Kostrzewa Email
With home heating oil at a record $3.429 a gallon in Rhode Island, organizers of this year's Celebrate Rhode Island Ball hope to raise $150,00 to help low-income families heat their homes this winter. Proceeds from the gala, scheduled for......
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8:49 AM Tue, Jan 08, 2008 | Permalink |
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By John Kostrzewa Email
Shawn Zachary Design Inc., an investment group formed by former retail executice Zachary Belil, has acquired a 49 percent stake in Providence-based Hanover Industries for an undisclosed price. Hanover, founded in 1997 by Elana Carello, manufactures women's and children's novelty......
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