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February 10, 2008 - February 16, 2008 Archives
10:29 AM Fri, Feb 15, 2008 | Permalink |
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By Paul Grimaldi  Email
Hasbro executives are meeting this morning with the investment community in New York City as the toy industry gathers there for its annual product fair. Hasbro, the world's second-largest toymaker, once again joins hundreds of other companies next week in......
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10:05 AM Fri, Feb 15, 2008 | Permalink |
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By Benjamin N. Gedan Email
Governor Carcieri has made four appointments to the board that governs the Quonset Business Park, which has been under increasing pressure to create jobs to improve the state's sputtering economy. The appointees to the Quonset Development Corporation board, who require......
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9:55 AM Fri, Feb 15, 2008 | Permalink |
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By Benjamin N. Gedan Email
Citizens Financial Group is launching a new ad campaign that seeks to capitalize on fears of economic recession. The campaign invites depositers who are anxious about the economy to schedule a "Fit Checkup" with a Citizens banker, who will discuss......
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8:46 AM Fri, Feb 15, 2008 | Permalink |
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By Benjamin N. Gedan Email
Philip S. Balboni, founder of New England Cable News, is leaving the station to create a website focused entirely on international news. The site is scheduled to launch early next year with correspondents in 70 countries, The Boston Globe reported......
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2:40 PM Thu, Feb 14, 2008 | Permalink |
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By Benjamin N. Gedan Email
Leonard Bell, chief executive officer of Alexion Pharmaceuticals Inc., will speak at two upcoming investor conferences, one sponsored by Cowen and Company and the other by Lehman Brothers, Alexion announced. The Cowen and Company's 27th Annual Healthcare Conference is taking......
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2:30 PM Thu, Feb 14, 2008 | Permalink |
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By Paul Grimaldi Email
A state legislator has reintroduced a bill that would ban surcharges on gift cards and pre-paid calling cards. The bill would clarify a Rhode Island law that prohibits gift cards and certificates, as well as long-distance calling cards, from coming......
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1:06 PM Thu, Feb 14, 2008 | Permalink |
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By Paul Grimaldi Email
CVS Caremark said this afternoon it will pay $38.5 million to settle claims that its pharmacy benefits unit drove up prescription drug costs. The settlement stems from a multi-state consumer protection investigation originating with Advance PCS, which was subsumed into......
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12:43 PM Thu, Feb 14, 2008 | Permalink |
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By Andy Smith Email
Homes for Working Families, a non-profit organization based in Washington, D.C., announced this week that Citizens Financial Group and CVS Caremark are recipients of the 2008 Pioneer Award for their employer-assisted housing programs. The programs are designed to help employees......
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8:43 AM Thu, Feb 14, 2008 | Permalink |
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By John Kostrzewa Email
LIN TV paid four of its top employees a total of $1.9 million in salary and bonuses last year, the company said in a filing with the U.S. Securities and Exchange Commission. The Providence-based television station owner said that the......
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5:11 PM Wed, Feb 13, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Bill Murphy A cargo ship at port in Quonset last summer, where it unloaded imported automobiles. The Wall Street Journal reported today that increased traffic on U.S. highways and higher gas prices are pushing more......
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4:56 PM Wed, Feb 13, 2008 | Permalink |
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By Benjamin N. Gedan Email
Local Internet providers Verizon Communications and Cox Communications are considering major changes in their broadband policies regarding video downloads. The Wall Street Journal reported today that Verizon may eventually charge its Internet subscribers based on the amount of data downloaded......
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1:12 PM Wed, Feb 13, 2008 | Permalink |
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By Benjamin N. Gedan Email
The Providence law firm Partridge Snow & Hahn has opened a new office in Warwick. The firm, founded in 1988 by eight partners, now describes itself as "one of the largest law firms in Southeastern New England." It has offices......
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1:04 PM Wed, Feb 13, 2008 | Permalink |
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By Benjamin N. Gedan Email
Alexion Pharmaceuticals Inc. will discuss its fourth-quarter earnings tomorrow, Thursday, Feb. 14, the company announced. The earnings conference call and audio Web cast begin at 10 a.m. Alexion, based in Cheshire, Conn., recently completed the transformation of the former Dow......
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8:09 AM Wed, Feb 13, 2008 | Permalink |
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By John Kostrzewa Email
U.S. Sen. Jack Reed, citing concern that banks may have used lax standards to hide potential losses on mortgage-backed securities, asked the Financial Accounting Standards Board what it's doing to stiffen rules. Reed, D-RI, asked FASB Chairman Robert Herz whether......
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8:02 AM Wed, Feb 13, 2008 | Permalink |
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By John Kostrzewa Email
Larry Fish, chairman of Providence-based Citizens Financial Group, is scheduled to testify today in Washington, D.C. regarding the 30th anniversary of the Community Reinvestment Act, which requires banks to invest in their communities. The hearing is being held by the......
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3:28 PM Tue, Feb 12, 2008 | Permalink |
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By Benjamin N. Gedan Email
Sen. Leonidas P. Raptakis, D-Coventry, said today that he would fight any effort to raise taxes on Rhode Island businesses. The Providence Journal reported last week that state Sen. Stephen D. Alves, chairman of the Finance Committee, spoke in......
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1:34 PM Tue, Feb 12, 2008 | Permalink |
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By Benjamin N. Gedan Email
After nine meetings with stakeholders and guest speakers, the lieutenant governor is announcing eight bills that together comprise her health-care reform package. Since last October, Lt. Gov. Elizabeth Roberts has been meeting with representatives from the public and private health-care......
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8:44 AM Tue, Feb 12, 2008 | Permalink |
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By John Kostrzewa Email
ALDI Supermarkets, the German-based company that plans to open five stores in Rhode Island is recruiting cashiers and shift managers for stores in Warwick and Cranston. The company held a job fair on Monday and is holding interviews today. Resumes......
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8:35 AM Tue, Feb 12, 2008 | Permalink |
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By John Kostrzewa Email
Hasbro, the Pawtucket-based toymaker that shook up its team of top executives on Monday, said it will Webcast its management presentation from Toy Fair in New York City on Friday at 8:30 a.m. Viewers can see the presentation at www.hasbro.com.......
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2:35 PM Mon, Feb 11, 2008 | Permalink |
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By Benjamin N. Gedan Email
The proposed merger of Lifespan and Care New England has made scant progress in the last six months, Providence Journal reporter Felice J. Freyer reported on Sunday. "When Lifespan and Care New England announced plans to merge last July, hospital......
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2:27 PM Mon, Feb 11, 2008 | Permalink |
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By Benjamin N. Gedan Email
National Grid is not the only utility company showing interest in wind power. The Wall Street Journal reported today that many utilities are no longer satisfied with buying energy from the owners of wind turbines; they now want to operate......
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12:46 PM Mon, Feb 11, 2008 | Permalink |
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By Benjamin N. Gedan Email
The U.S. Environmental Protection Agency is highlighting the efforts of three New England companies to use "green power." The three companies — Staples Inc., State Street Corp. and Pitney Bowes — were among 53 Fortune 500 organizations recognized by the......
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12:10 PM Mon, Feb 11, 2008 | Permalink |
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By Benjamin N. Gedan Email
Journal archive photo / Kathy Borchers Soap fragments go through a dryer inside Bradford's West Warwick plant in 2005. WEST WARWICK -- Employees at Bradford Soap Works, who are represented by the International Brotherhood of Teamsters, Local 251, have......
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12:01 PM Mon, Feb 11, 2008 | Permalink |
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By Paul Grimaldi Email
Alfred J. Verrecchia said this morning he will step down in May from his post as chief executive officer of Hasbro Inc., the Pawtucket-based toymaker. Verrecchia will become Hasbro's chairman and be succeeded by Brian Goldner, Hasbro's chief operating......
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10:03 AM Mon, Feb 11, 2008 | Permalink |
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By John Kostrzewa Email
A.H. Belo Corp., the newspaper company spun off from Dallas-based Belo Corp. began trading this morning under the ticker symbol AHC on the New York Stock Exchange. Shares traded after the opening bell at 9:30 a.m. at $16.35. A..H. Belo......
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7:56 AM Mon, Feb 11, 2008 | Permalink |
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By John Kostrzewa Email
Sales of Transformer action figures and purchases by consumers in foreign countries helped boost Hasbro's fourth quarter profits by 24 percent. Net income rose to $133.7 million, or 84 cents a share, from $108.3 million, or 62 cents a share,......
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