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February 2008 Archives
12:39 PM Fri, Feb 29, 2008 | Permalink |
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By Paul Grimaldi  Email
Journal archive photo / Sandor Bodo The Turks Head Building is being sold. PROVIDENCE - Granoff Associates LLC has sold the historic Turk's Head building in downtown Providence for $17.55 million to a Philadephia-based company, a Granoff representative confirmed.......
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12:19 PM Fri, Feb 29, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Bob Breidenbach Car importer NORAD is the main user of the port at the Quonset Business Park. PROVIDENCE -- The state Senate has passed legislation that would create a commission to study ways to intensify......
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10:49 AM Fri, Feb 29, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Bill Murphy Mat Santos, left, raises his arms after winning an ultimate fighting match at a tournament in Revere, Mass. in 2005. PROVIDENCE -- The operators of the Dunkin' Donuts Center are lobbying the legislature......
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9:47 AM Fri, Feb 29, 2008 | Permalink |
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By Benjamin N. Gedan Email
Saint-Gobain Performance Plastics will begin laying off 90 employees in June, according to a filing the company made to the state Department of Labor and Training. Last October, the Birstol-based company, a subsidiary of the France-based Compagnie de Saint-Gobain, first......
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5:35 PM Thu, Feb 28, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Kathy Borchers Construction crews work at the Dunkin' Donuts Center last September. PROVIDENCE -- The Rhode Island Convention Center Authority, owner of the Dunkin' Donuts Center, has begun planning events to celebrate the completion of......
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5:34 PM Thu, Feb 28, 2008 | Permalink |
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By Neil Downing Email
The Internal Revenue Service will begin mailing notices next week to millions of Americans, offering a broad outline of the new federal rebate program. The first notices will go to people who filed a federal income-tax return last year.......
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12:54 PM Thu, Feb 28, 2008 | Permalink |
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By Benjamin N. Gedan Email
WASHINGTON -- Connecticut and Rhode Island lawmakers eager to protect local jobs say they will push hard on Capitol Hill to safeguard federal funding for doubling Virginia-class submarine production to two ships a year. "Looking ahead to this year, it......
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12:40 PM Thu, Feb 28, 2008 | Permalink |
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By Benjamin N. Gedan Email
Author and "online strategist" David Meerman Scott will deliver a speech at this year's Business EXPO, the Greater Providence Chamber of Commerce announced today. Scott's speech will take place at the Rhode Island Convention Center. The Business EXPO will......
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11:43 AM Thu, Feb 28, 2008 | Permalink |
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By Benjamin N. Gedan Email
Turmoil in the real estate and credit markets is straining Citizens Financial Group, the bank's parent company, Royal Bank of Scotland, said today. In all, operating profit at Citizens dropped 9 percent last year, to $2.65 billion. The continuing devaluation......
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10:55 AM Thu, Feb 28, 2008 | Permalink |
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By Paul Grimaldi Email
CVS Caremark has won a pharmacy benefits contract with the Texas state pension agency worth nearly $500 million annually. The Employees Retirement System Board of Trustees announced this week it selected Caremark Rx LLC, a unit of CVS, as its......
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10:03 AM Thu, Feb 28, 2008 | Permalink |
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By Paul Grimaldi Email
Journal archive photo / Connie Grosch Fall River high school students take advantage of post-Christmas sales at the Providence Place mall in December. PROVIDENCE -- Sales tax receipts at Providence Place mall jumped 28.4 percent in December, reaching a......
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8:22 AM Thu, Feb 28, 2008 | Permalink |
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By John Kostrzewa Email
Laid off workers from area companies such as Jostens and the Quill Company are invited to a job fair today from 1 p.m. to 5 p.m. at the netWORKri Career Center at 1330 Main St., West Warwick. The fair is......
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4:05 PM Wed, Feb 27, 2008 | Permalink |
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By Benjamin N. Gedan Email
The U.S. Environmental Protection Agency has fined four Rhode Island companies for failing to submit chemical inventory reports listing chemicals present at their facilities. The local firms -- Geib Refining Corp., National Chain Co. and Technodic Inc., all of Warwick,......
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3:17 PM Wed, Feb 27, 2008 | Permalink |
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By John Kostrzewa Email
Dozens of bars and nightclubs in Boston are being given more time to comply with state regulations requiring fire sprinklers. The fire department had warned owners of these establishments in November that if they did not install sprinklers within two......
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2:58 PM Wed, Feb 27, 2008 | Permalink |
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By Benjamin N. Gedan Email
Textron Inc. (TXT:NYSE) announced today that Lloyd G. Trotter has been elected to its board of directors. His tenure begins on March 1. Trotter is the former vice chairman of GE and the former president and chief executive officer of......
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2:38 PM Wed, Feb 27, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo/Connie Grosch Developer Arnold B. Chace. Tax credits for developers who rehab historic buildings played a key role in the rebirth of Downcity, according to a New York Times story about developer Arnold B. Chace and the......
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2:33 PM Wed, Feb 27, 2008 | Permalink |
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By Benjamin N. Gedan Email
Providence-based Textron Inc. declared a quarterly dividend today of $0.23 per share on the company's common stock. The board of directors (TXT:NYSE) said the dividends will be paid on April 1, to holders of record at the close of business......
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1:05 PM Wed, Feb 27, 2008 | Permalink |
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By Tim Barmann Email
Source: National Grid The Rhode Island Reliability Project involves adding a new transmission line along National Grid's existing right-of-way corridor that runs between North Smithfield and Warwick. Source: National Grid The Interstate Reliability Project will add a new transmission......
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11:54 AM Wed, Feb 27, 2008 | Permalink |
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By Benjamin N. Gedan Email
Looking for an edge in the cutthroat competition for convention business, Providence is teaming up with three distant cities in a new promotional campaign. At industry conferences, members of the so-called Capital Cities Collection -- Providence, Baton Rouge, La.,......
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10:21 AM Wed, Feb 27, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Sandor Bodo RIPTA may soon shut down the Newport ferry. PROVIDENCE -- Tourism officials are leaping to the defense of the Newport ferry, which the Rhode Island Public Transit Authority may soon shut down in......
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8:10 AM Wed, Feb 27, 2008 | Permalink |
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By John Kostrzewa Email
Pawtucket-based Hasbro Inc. (NYSE:HAS) said this morning that Kenneth A. Bronfin, president of Hearst Interactive Media, has been elected to the board of directors effective March 1, 2008. "Ken Bronfin is a highly respected business leader with 22 years......
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8:04 AM Wed, Feb 27, 2008 | Permalink |
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By John Kostrzewa Email
Providence-based LIN TV Corp., owner of WPRI-Channel 12, this morning reported fourth quater profits of $27.7 million, or 54 cents a share, compared with net income of $10.3 million, or 21 cents a share, in the year-earlier period. Net revenues......
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7:56 AM Wed, Feb 27, 2008 | Permalink |
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By John Kostrzewa Email
U.S. Sen. Jack Reed, D-RI, is pressing the U.S. Securities and Exchange Commission over its response to the subprime mortgage crisis, saying companies may have had too much leeway to conceal potential losses from complex financial transactions. Although Congress ordered......
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2:29 PM Tue, Feb 26, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Sandor Bodo Fidelity executives, in 2006, celebrate the company's decision to lease the former American Express building next to the Providence train station. PROVIDENCE -- A decade after Fidelity Investments constructed its first office building......
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11:47 AM Tue, Feb 26, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Ruben W. Perez The Veterans Memorial Auditorium may be taken over by the Rhode Island Convention Center Authority. PROVIDENCE -- Businesses interested in managing the Veterans Memorial Auditorium toured the performance hall this morning, examining......
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9:02 AM Tue, Feb 26, 2008 | Permalink |
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By John Kostrzewa Email
The number of foreclosure listings jumped nationwide and in New England in January, and several new proposals are being debated in Washington to curb the number of houses that are being taken from property owners. Nationwide, there were 233,001 houses......
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8:03 AM Tue, Feb 26, 2008 | Permalink |
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By John Kostrzewa Email
U.S. District Judge William G. Young is scheduled to rule Thursday in Boston on a bid by Amgen Inc. to keep Roche Holding AG from selling the anemia drug Mircera in the U.S. Young will decide on Roche's request to......
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7:57 AM Tue, Feb 26, 2008 | Permalink |
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By John Kostrzewa Email
Bank of America will hold a job fair today to fill full and part-time positions at its call center in East Providence. The job fair will be held from 10 a.m. to 2 p.m. at the netWORKri Career Center, One......
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2:22 PM Mon, Feb 25, 2008 | Permalink |
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By Benjamin N. Gedan Email
Wachovia Corp. has sued Providence Equity Partners to get out of providing financing for the Providence-based buyout firm’s revised $1.1 billion purchase of television stations from Clear Channel Communications Inc. Wachovia, the fourth-largest U.S. bank, said Providence officials changed the......
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