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February 3, 2008 - February 9, 2008 Archives
11:29 AM Fri, Feb 08, 2008 | Permalink |
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By Benjamin N. Gedan  Email
Keith W. Stokes, the executive director of the Newport County Chamber of Commerce, has been appointed to the governing board of the Quonset Development Corporation, the state agency that runs the Quonset Business Park. The QDC is a division......
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11:12 AM Fri, Feb 08, 2008 | Permalink |
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By Benjamin N. Gedan Email
Providence-based Textron Inc. says it will meet its financial targets despite the slowing U.S. economy, the Reuters news agency reported. In a meeting with analysts on Thursday, Textron Chief Executive Officer Lewis B. Campbell said the company, a major defense......
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9:32 AM Fri, Feb 08, 2008 | Permalink |
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By John Kostrzewa Email
The Providence Working Waterfront Alliance, a group of port businesses, has endored a Senate resolution that would set up a special legislative commission to study economic opportunities related to port development in Rhode Island. The alliance said that with international......
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3:16 PM Thu, Feb 07, 2008 | Permalink |
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By John Kostrzewa Email
Three out-of-state investors have acquired P&C Precision Company, a longtime manufacturer in Esmond, with the help of a $500,000 loan from the Rhode Island Economic Development Corporation. The investment group, PSP LLC, bought P&C, a supplier of screw machine parts......
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2:00 PM Thu, Feb 07, 2008 | Permalink |
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By Benjamin N. Gedan Email
NEWPORT -- The House Finance Committee decamps to the City by the Sea today to hold hearings on bills dealing with proposed 24-hour gambling at Newport Grand and Twin River in Lincoln. The committee is scheduled to meet in Newport's......
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1:22 PM Thu, Feb 07, 2008 | Permalink |
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By John Kostrzewa Email
Hasbro Inc. said today its directors have declared a quarterly cash dividend of 20 cents per common share, an increase of four cents, or 25 percent, from its previous quarterly dividend of 16 cents a common share. The dividend is......
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1:01 PM Thu, Feb 07, 2008 | Permalink |
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By Andy Smith Email
National Amusements, Inc., which has purchased the Feinstein Imax Theatre at the Providence Place mall from the Imax Corp., said it hopes to meet shortly with Cranston philanthropist Alan Shawn Feinstein "to discuss common matters relating to the Imax Theatre."......
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12:40 PM Thu, Feb 07, 2008 | Permalink |
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By Paul Grimaldi Email
A pair of dissident investors this week resumed their fight with the management of Bank Rhode Island and will once again try to force a sale of the Providence bank. The two men who lead PL Capital LLC, an Illinois......
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11:27 AM Thu, Feb 07, 2008 | Permalink |
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By Tim Barmann Email
Here's a nice deal just in time for the tax season. Intuit is offering its TurboTax Deluxe as a free download. The software guides you through preparing your income tax return by asking a series of questions in plain English.......
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8:16 AM Thu, Feb 07, 2008 | Permalink |
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By John Kostrzewa Email
Rainbow Heights, a housing complex in Portsmouth, was sold by Northeast Housing LLC to Arbour Development Group, which plans to renovate the property. The price was not disclosed. The property, off Bradford Avenue, includes 10 duplexes on 6.95 acres and......
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8:10 AM Thu, Feb 07, 2008 | Permalink |
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By John Kostrzewa Email
KVH Industries, of Middletown, this morning reported fourth quarter net income of $1 million, or six cents per diluted share, compared with $100,000, or one cent per share in the year-ago period. Revenues were $19.7 million, up 13 percent from......
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6:31 PM Wed, Feb 06, 2008 | Permalink |
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By Karen Bordeleau Email
NEWPORT – Naval Station Newport plans to spend about $111 million on new buildings and infrastructure improvements over the next two years, largely as a result of the Base Realignment and Closure project (known as BRAC) that shifts several Navy......
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5:47 PM Wed, Feb 06, 2008 | Permalink |
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By John Kostrzewa Email
Cranston philanthropist Alan Shawn Feinstein is in a dispute with the Imax Corp., former owner of the large-screen movie theater at the Providence Place mall that bears his name. The conflict centers on free and discounted tickets, which Feinstein said......
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3:15 PM Wed, Feb 06, 2008 | Permalink |
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By Paul Grimaldi Email
Massachusetts Governor Patrick has asked the federal Bureau of Indian Affairs to reject a request by the Mashpee Wampanoag tribe to take more than 500 acres in Middleboro, Mass., in federal trust for an Indian casino. "Because the placement of......
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2:37 PM Wed, Feb 06, 2008 | Permalink |
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By Benjamin N. Gedan Email
Raytheon Co. has been awarded a a $58,379,171 contract for supplying cockpit and radar parts for U.S. Navy MH-60R helicopters, U.S. Sen. Jack Reed announced today. The company, based in Waltham, Mass., will perform the work at its complex in......
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11:31 AM Wed, Feb 06, 2008 | Permalink |
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By Paul Grimaldi Email
Journal Staff Photo / Mary Murphy Developer Arthur W. Sullivan discusses plans to convert the Slater Cotton Mill in Pawtucket into residential rental units. PAWTUCKET -- A New Hampshire developer said this morning his company will move forward with......
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11:17 AM Wed, Feb 06, 2008 | Permalink |
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By Benjamin N. Gedan Email
At a time of budget turmoil for the state, the Greater Providence Chamber of Commerce is hosting General Assembly leaders at its 2008 Legislative Luncheon tomorrow, Feb. 7, at the Rhode Island Convention Center. In addition to the budget crisis,......
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10:54 AM Wed, Feb 06, 2008 | Permalink |
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By Benjamin N. Gedan Email
Textron Inc. is hosting a meeting for investors and analysts in New York City tomorrow, Feb. 7, at 8 a.m., to discuss its business strategy and financial outlook, Textron announced today. Executives from Textron subsidiary Cessna Aircraft Co. will provide......
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8:57 AM Wed, Feb 06, 2008 | Permalink |
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By John Kostrzewa Email
Brady Sullivan Properties, a real estate developer from Manchester, New Hampshire, will unveil plans this morning for a $22 million renovation of the former Slater Cotton Mill in downtown Pawtucket. The old mill, at 38 Church St., has 165,000 square......
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3:51 PM Tue, Feb 05, 2008 | Permalink |
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By Andrea Panciera Email
WESTERLY -- The owner of a textile-finishing mill that is one of the Westerly area's largest employers says he'll lay off about a third of the mill's work force because of problems reaching a deal with his union on work......
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2:57 PM Tue, Feb 05, 2008 | Permalink |
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By Benjamin N. Gedan Email
The Rhode Island Hospitality and Tourism Association has made several appointments to its board of directors. Ted Schroeder, general manager of the The Newport Harbor Hotel & Marina, has been appointed chairman of the board of directors. He lives in......
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2:03 PM Tue, Feb 05, 2008 | Permalink |
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By Paul Grimaldi Email
A New York-based fitness center chain plans to open “several” sites in Rhode Island in the next couple of years, including at least two in Providence. Town Sports International Holdings Inc. (CLUB:Nasdaq) operates 151 fitness centers in the Northeast and......
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11:37 AM Tue, Feb 05, 2008 | Permalink |
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By John Kostrzewa Email
Warwick Ice Cream, of Warwick, has completed its acquisition of Creative Creamery, of Bourne, Mass., giving the local retailer and wholesaler new products and a bigger, national distribution network. Warwick Ice Cream now distributes to a variety of businesses in......
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8:36 AM Tue, Feb 05, 2008 | Permalink |
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By John Kostrzewa Email
The Rhode Island General Treasurer's office has agreed to transfer $323,000 in reserve funds to the state's General Fund to help reduce projected state budget deficits. The reserve was held in funds for the refunding bond authority. But General Treasurer......
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8:28 AM Tue, Feb 05, 2008 | Permalink |
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By John Kostrzewa Email
KVH Industries, Inc., based in Middletown, said this morning it won two orders valued at $1.4 million from an unnamed U.S. defense contractor for components and upgrades for KVH's navigation systems used on U.S. military combat vehicles. The orders are......
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3:30 PM Mon, Feb 04, 2008 | Permalink |
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By Benjamin N. Gedan Email
Last October, a federal judge in Boston handed Amgen Inc. a major victory, finding that rival drugmaker Roche Holding AG had violated Amgen's patents in designing an anemia drug to compete with Amgen's top-selling medications, Epogen and Aranesp. But now,......
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3:15 PM Mon, Feb 04, 2008 | Permalink |
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By Benjamin N. Gedan Email
A 1951 photo of the Seabee chapel at Quonset, where Seabee veterans hopes to build a new museum. PROVIDENCE -- The Seabee Museum and Memorial Park at the Quonset Business Park announced a $50,000 donation today that will help......
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2:13 PM Mon, Feb 04, 2008 | Permalink |
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By Peter Phipps Email
The Giants’ thrilling win over the Patriots was the most-watched Super Bowl ever, with 97.5 million viewers, Nielsen Media Research said Monday. The game eclipsed the previous Super Bowl record of 94.08 million, set when Dallas defeated Pittsburgh in 1996.......
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11:35 AM Mon, Feb 04, 2008 | Permalink |
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By Benjamin N. Gedan Email
Alexion Pharmaceuticals Inc. has completed the transformation of the former Dow Chemical plant in Smithfield into a biopharmaceutical facility for the manufacture of the drug Soliris. In a speech at the Wachovia Securities 2007 Healthcare Conference, held in Boston last......
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