|
January 13, 2008 - January 19, 2008 Archives
3:57 PM Fri, Jan 18, 2008 | Permalink |
Write a  comment
By John Kostrzewa  Email
Amtrak said today it reached a preliminary deal with nine labor unions, averting a potentially devastating strike at the end of the month. Details of the agreement will not be released until it is ratified by affected union members in......
|
8:57 AM Fri, Jan 18, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Boston-based Fidelity Investments, which employees more than 2,000 people in Rhode Island at offfices in Smithfield and Providence, said it will open a new human resources services operations center in Albuquerque, New Mexico. The 210,000 square foot facility will eventually......
|
8:36 AM Fri, Jan 18, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Shareholders of Slade's Ferry Bancorp, based in Somerset, Mass., voted at a special meeting Thursday to sell the bank to Independent Bank Corp., of Rockland, Mass. The deal is expected to close March 1, pending regulatory approvals. About 98.5 percent......
|
5:09 PM Thu, Jan 17, 2008 | Permalink |
Comments (4)
By Tim Barmann Email
National Grid has re-designed its electricity bill to a new format that the company says will make it easier for its Rhode Island customers to understand. The utility company is sending out the new bills beginning Monday. There is no......
|
12:56 PM Thu, Jan 17, 2008 | Permalink |
Write a comment
By Paul Grimaldi Email
The Brooks-Eckerd building, under contruction in 2006. Journal photo / Bob Thayer New England Institute of Technology said today that is has entered into an agreement with Rite Aid Corp. to acquire a 25-acre property on the former Rocky......
|
11:15 AM Thu, Jan 17, 2008 | Permalink |
Write a comment
By Lynn Arditi Email
PROVIDENCE -- Mayor David N. Cicilline announced a new program this morning to offer zero-interest loans to help people buy properties out of foreclosure. The city is setting up a $1 million fund for loans designed to help pay for......
|
10:20 AM Thu, Jan 17, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Rhode Island Attorney General Patrick Lynch is talking about the proposed merger between hospital groups Lifespan and Care New England this morning. Lynch is addressing the executive board of the Central Rhode Island Chamber of Commerce. The proposed merger would......
|
9:56 AM Thu, Jan 17, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Amgen Inc. has announced data from a phase 3 study of its arthritis drug Enbrel that showed that children and adolescents with moderate to severe plaque psoriasis who received the medication experienced "significant improvements in the signs and symptoms of......
|
9:13 AM Thu, Jan 17, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Textron Financial Corp., a unit of Providence-based Textron, said this morning it will expand its Finance Group by opening Textron Financial Limited based in Guildford, Surrey, United Kingdom. The company's new European operation will service all of Western Europe, providing......
|
8:41 AM Thu, Jan 17, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Fitch, the debt rating agency, has downgraded Pawtucket's approximately $48.2 million in outstanding general obligation bonds to 'BBB+' from 'A-'. The rating outlook was revised to negative from stable. Fitch, based in New York, said the downgrade reflects the deterioration......
|
8:33 AM Thu, Jan 17, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
A majority of workers at seven UPS Freight terminals in New England, including one in East Providence, has signed authorization cards to become Teamsters. The cards will be sent to a neutral arbitrator to decided if the Teamsters will become......
|
5:43 PM Wed, Jan 16, 2008 | Permalink |
Write a comment
By Tim Barmann Email
The Bush Administration has agreed to release $450 million in emergency heating assistance, which will bring badly-needed money to Rhode Island and other cold-weather states. Rhode Island will receive about $4.5 million, just as the state was about to run......
|
3:14 PM Wed, Jan 16, 2008 | Permalink |
Comments (1)
By Paul Grimaldi Email
Pen-maker Quill Co. will shut its doors Jan. 31 as the result of a sale to Sanford LP, a unit of Newell Rubbermaid, the maker of Calphalon cookware, Levelor blinds and Rubbermaid kitchenware, according to a Quill partner. A purchase......
|
2:46 PM Wed, Jan 16, 2008 | Permalink |
Comments (1)
By Benjamin N. Gedan Email
Journal photo / Bill Murphy The Cargo ship Orion Highway at the Quonset port last August. Sen. Paul Moura has proposed creating a special commission to study how to increase activity at the state-owned piers. State Sen. Paul E.......
|
2:02 PM Wed, Jan 16, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
The Senate Housing and Municipal Government Committee this afternoon is slated to get a status update on revisions to state fire code regulations from the state fire marshal and the Fire Safety Code Board of Appeal and Review. The 2......
|
2:00 PM Wed, Jan 16, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
PROVIDENCE -- Governor Carcieri and his choice for the new director of the Department of Revenue, Gary Sasse, are scheduled to announce legislation today "designed to implement reforms in cities and towns necessary to bring relief to local taxpayers," the......
|
12:25 PM Wed, Jan 16, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
A day after Bank of America announced deep personnel cuts, it is still not clear how those changes will affect the bank's Rhode Island employment levels. The Providence Journal reported today that Bank of America was eliminating 650 corporate and......
|
11:28 AM Wed, Jan 16, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Kevin A. Dillon, who will take over T.F. Green Airport next month, is flying to Rhode Island today to attend a meeting of the Rhode Island Airport Corporation board. The Providence Journal reported yesterday that the airport board had agreed......
|
11:06 AM Wed, Jan 16, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Bell Helicopter, a unit of Providence-based Textron, said today it completed the acquisition of SkyBOOKS, a provider of information needed to comply with the regulations of the FAA and international regulatory agencies. "With this transaction, Bell adds important capabilities to......
|
8:43 AM Wed, Jan 16, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
Providence-based Gtech, a unit of Lottomatica SpA, has won the contract to provide terminals and services to the Pennsylvania state lottery. The five-year deal includes 10,000 lottery terminals, a telecommunications network and related services, said Rome- based Lottomatica, said in......
|
8:35 AM Wed, Jan 16, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
The Savers thrift store chain plans to open its first shop in Woonsocket at 1500 Diamond Hill Road on March 6. Savers, a privately-held company based in Seattle, Wash., has more than 200 locations in the U.S., Canada and Australia......
|
4:02 PM Tue, Jan 15, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
U.S. Rep. Patrick Kennedy joins his cousin Joseph Patrick Kennedy II, a former Massachusetts congressman, today to present a check for heating assistance at a Pawtucket shelter. Citizens Energy, run by Joseph Kennedy, provides heating oil to families living in......
|
3:39 PM Tue, Jan 15, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Kevin A. Dillon, who will take over T.F. Green Airport next month, plans to attend tomorrow's meeting of the Rhode Island Airport Corporation board, airport spokeswoman Patti Goldstein said. The Providence Journal reported today that the airport board had agreed......
|
2:43 PM Tue, Jan 15, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Alexion Pharmaceuticals Inc. is expected to have just missed Wall Street projections for its fourth-quarter earnings, with a loss of 50 cents per share, compared with estimates of a loss of 48 cents per share, Credit Suisse analyst Michael Aberman......
|
11:52 AM Tue, Jan 15, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
The Rhode Island Economic Development Corporation is crafting a proposal for a "life sciences incubator" where technology start-ups could conduct research. In an interview this morning, the EDC director, Saul Kaplan, said the facility would be modeled after the office......
|
11:02 AM Tue, Jan 15, 2008 | Permalink |
Write a comment
By Benjamin N. Gedan Email
Journal photo / Bob Breidenbach Alfred Hanson (right), president of SubChem Systems Inc., and Peter Egli (left), a chemical oceanographer, in 2001. SubChem was one of the first recipients of the state research grants. The Rhode Island Science and......
|
10:59 AM Tue, Jan 15, 2008 | Permalink |
Write a comment
By Paul Grimaldi Email
BJ's, which has lagged behind Wal-Mart and Costco, has replaced its president. BJ's Wholesale Club has named company veteran Laura Sen to replace Herb Zarkin as president of the Natick, Mass., retailer. Sen, 51, joined BJ's in 1989 and......
|
10:18 AM Tue, Jan 15, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
FM Global, the commercial property insurer based in Johnston, said this morning it has opened a representative office in Beijing, China following approval from the China Insurance Regulatory Commission. Allan Palmer, operations vice president, FM Global, has been named chief......
|
8:50 AM Tue, Jan 15, 2008 | Permalink |
Write a comment
By John Kostrzewa Email
The Slater Technology Fund has invested $250,000 in a second round of funding to Providence-based Public Display, a web company developing information extraction software for consumers, web publishers and advertisers. The commitment brings Slater's total investment in the company to......
| |
