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March 2008 Archives
2:04 PM Mon, Mar 31, 2008 | Permalink |
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By Paul Parker  Email
For the third straight year, the Rhode Island Convention Center is changing the price it charges for parking, but this year, while the price will go up for some parkers, it may go down for others. Beginning June 1, the......
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12:34 PM Mon, Mar 31, 2008 | Permalink |
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By Paul Grimaldi Email
Rhode Island's four members of Congress all support a further boost to the U.S. economy in the coming months, they told a business gathering this morning in Warwick. Calling the rebate checks federal taxpayers will receive in the coming months......
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12:13 PM Mon, Mar 31, 2008 | Permalink |
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By John Kostrzewa Email
Pawtucket-based Hasbro (HAS:NYSE) said today that it has purchased for $80 million all of the intellectual property rights related to the Trivial Pursuit brand from Horn Abbot Ltd. and Horn Abbot International Limited. Hasbro has developed, marketed and sold Trivial......
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8:39 AM Mon, Mar 31, 2008 | Permalink |
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By John Kostrzewa Email
Capital Properties, Inc. (CPI:Amex) reported net income of $1.39 million for the year ended December 31, 2007, or 42 cents a share, compared with $1.32 million, or 40 cents a share, for the prior year. Leasing revenues for 2007 increased......
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8:32 AM Mon, Mar 31, 2008 | Permalink |
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By John Kostrzewa Email
William Poole, the former Brown University professor who developed a reputation as an inflation hawk at the Federal Reserve, will retire today as president of the Federal Reserve Bank of St. Louis. Poole, 70, will be replaced by James B.......
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8:24 AM Mon, Mar 31, 2008 | Permalink |
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By John Kostrzewa Email
Providence Equity Partners, the Providence-based buyout firm that targets media and communications companies, this morning said it hired Andrew Tisdale, co-head of Morgan Stanley's global media and communications group, to expand in London. Tisdale, 46, is leaving Morgan Stanley after......
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2:26 PM Fri, Mar 28, 2008 | Permalink |
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By Andrea Panciera Email
PROVIDENCE -- Tens of thousands of National Grid customers will have two extra weeks to pay their utility bills. National Grid announced today that it is extending by two weeks a moratorium on winter service shutoffs. The extension applies to......
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10:55 AM Fri, Mar 28, 2008 | Permalink |
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By John Kostrzewa Email
The Newport City Council is considering an ordinance to ban Segway personal transporters from city streets and sidewalks. The two-wheeled, single-person battery-operated vehicles can go about 12 miles an hour. Riders stand and steer with a handlebar. The city last......
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10:47 AM Fri, Mar 28, 2008 | Permalink |
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By John Kostrzewa Email
Robert Antignano, third-generation owner of Angelo’s Civita Farnese, is scheduled to be honored today at a luncheon at his Federal Hill restaurant for winning the national Jeffrey H. Butland Family-Owned Business of the Year award. One of the special guests......
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10:46 AM Fri, Mar 28, 2008 | Permalink |
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By Paul Grimaldi Email
Foxwoods Resort Casino this week appealed a judge's ruling recommending approval of a unionization vote by the gambling venue's dealers. Dealers at the Connecticut casino voted 1,289 to 852 last November in favor of union representation by the United Auto......
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5:22 PM Thu, Mar 27, 2008 | Permalink |
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By Paul Parker Email
In a further sign of the slackening housing market, the condominium complex behind Providence Place mall, known as The 903 Residences, is for sale. “In this real estate climate, you have to look at all your options,” Frederick J. Vincent,......
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10:53 AM Thu, Mar 27, 2008 | Permalink |
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By Paul Grimaldi Email
Residents of Providence's Valley section will have an easier trip for groceries come Sunday as the PriceRite grocery chain opens a store in the Eagle Square shopping center. The Valley section's gain is Olneyville's loss as the PriceRite operation is......
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6:50 AM Thu, Mar 27, 2008 | Permalink |
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By John Kostrzewa Email
Steve Preston, administrator for the U.S. Small Business Administration, is planning a 24-hour stay in Rhode Island, starting this afternoon, that will include meetings with bankers, small business owners, and public officials, including Gov. Carcieri. Preston is scheduled to meet......
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12:26 PM Wed, Mar 26, 2008 | Permalink |
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By John Kostrzewa Email
With the tax filing deadline on April 15, public officials in Rhode Island are urging seniors and veterans who might not normally file a tax return to do so in order to get a rebate from the federal government. Gov.......
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8:57 AM Wed, Mar 26, 2008 | Permalink |
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By Paul Grimaldi Email
Massachusetts residents fighting over plans for a tribal casino in Middleboro, Mass., last night got aired their views before federal officials who must review the proposal. About 300 people turned out at Middleboro High School for the hearing, many carrying......
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8:05 AM Wed, Mar 26, 2008 | Permalink |
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By John Kostrzewa Email
TJX Cos., the owner of the T.J. Maxx and Marshalls discount chains, said this morning that the Federal Trade Commission is investigating whether the company violated U.S. consumer protection laws related to a computer system break-in it reported last year.......
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7:56 AM Wed, Mar 26, 2008 | Permalink |
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By John Kostrzewa Email
The Rhode Island Chamber of Commerce Coalition, a coalition of thirteen chambers of commerce in the state, will hold a rally at the State House this afternoon to oppose legislation that would raise taxes and levy new taxes. Gov. Carcieri......
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3:39 PM Tue, Mar 25, 2008 | Permalink |
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By Paul Grimaldi Email
A Warwick company that is developing a new skin patch for administering prescription drugs was among three firms "pre-approved" for a new tax-credit program. Under a 2006 state law, the Rhode Island Economic Development Corp. can dole out $2 million......
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2:46 PM Tue, Mar 25, 2008 | Permalink |
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By Lynn Arditi Email
Beacon Mutual Insurance Co. announced today that it will distribute an estimated $7 million in refunds to its policyholders by April 30th. The refunds are part of a consent agreement that the state's dominant workers' compensation insurer signed with state......
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11:25 AM Tue, Mar 25, 2008 | Permalink |
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By John Kostrzewa Email
Providence and Worcester Railroad Company (PWX:AMEX) this morning reported a 2007 loss of $652,000, or 14 cents a share, compared with net income of $1 million, or 23 cents a share in 2006. Operating revenues for 2007 were $26.2 million,......
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8:45 AM Tue, Mar 25, 2008 | Permalink |
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By John Kostrzewa Email
The chief executive of Sovereign Bancorp Inc. received a compensation package last year worth $5.6 million, including a hefty bonus for staying with the thrift, according to a regulatory filing. Joseph Campanelli was given a salary of $826,923 and a......
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8:31 AM Tue, Mar 25, 2008 | Permalink |
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By John Kostrzewa Email
A.T. Cross, of Lincoln, said it completed its all cash transaction to buy Native Eyewear, Inc. to expand its line of sunglasses and goggles. Cross paid $17 million in cash and assumed about $1 million in debt to buy the......
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8:28 AM Tue, Mar 25, 2008 | Permalink |
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By John Kostrzewa Email
Companies that do business in Rhode Island have until March 31 to file their 2008 annual reports with the Rhode Island Secretary of State's office or face the loss of their corporate status. State law requires for-profit corporations to report......
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4:31 PM Mon, Mar 24, 2008 | Permalink |
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By Paul Parker Email
KIK Custom Products began today to tell the 400 workers at its Cumberland plant that the facility will close sometime this year, with a target date of October. Company spokeswoman Kerry Morgan said that some workers will be offered jobs......
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2:32 PM Mon, Mar 24, 2008 | Permalink |
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By John Kostrzewa Email
Senate Pres. Joseph A. Montalbano (D-North Providence) has asked National Grid to voluntarily extend its moratorium on gas and electricity shut-offs on low-income customers until May 1. The moratorium is currently scheduled to end on April 15. The extension would......
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2:29 PM Mon, Mar 24, 2008 | Permalink |
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By John Kostrzewa Email
NewportFed said today that it has signed an agreement with Readco Stonington III, LLC to lease an 11,000 sq. ft. parcel located in the new shopping center development situated at corner of Route 2 and Route 49, in the Town......
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2:28 PM Mon, Mar 24, 2008 | Permalink |
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By John Kostrzewa Email
Gov. Deval Patrick said today that "the fix was in pretty early" against his casino gambling bill, and House Speaker Salvatore DiMasi broke a promise to allow an open floor debate that could have tweaked the proposal to satisfy critics.......
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11:13 AM Mon, Mar 24, 2008 | Permalink |
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By Tim Barmann Email
The average price of regular self-serve gasoline in Rhode Island dropped one cent from last week to $3.189 a gallon, according to a survey of local gas dealers this morning by the Rhode Island Office of Energy Resources. This was......
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8:37 AM Mon, Mar 24, 2008 | Permalink |
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By John Kostrzewa Email
The federal Bureau of Indian Affairs will be in Middleboro, Mass. on Tuesday to hold a public hearing on the plans of the Mashpee Wampanoag Indian tribe to build a gambling facility on 540 acres about 20 miles from Rhode......
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