Projo Biz Blog

March 2, 2008 - March 8, 2008 Archives


Verizon to donate $2 million Norman Rockwell painting

5:29 PM Fri, Mar 07, 2008 | | Write a comment
By Tim Barmann    Email

Verizon Communications said this afternoon that it will donate an original Norman Rockwell painting, "The Lineman," to the Norman Rockwell Museum in Stockbridge, Mass. The oil-on-canvas painting was created by Rockwell in 1948 for an advertisement for New England......

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Popular Italian bistro in Providence closes

5:14 PM Fri, Mar 07, 2008 | | Write a comment
By Tim Barmann    Email

Journal archive photo / Sandor Bodo Jumbo tiger shrimp appetizer at the former Raphael Bar Risto. PROVIDENCE - A popular Italian restaurant that came to prominence during the resurgence of downtown Providence in the 1990s has closed. Raphael Bar......

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Tourism officials highlighting Rhode Island dining

3:24 PM Fri, Mar 07, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo Governor Carcieri attends a ceremony last March, at the botanical garden at Roger Williams Park, to mark the start of the tourism season. PROVIDENCE - State officials will mark the start of this year's high tourism......

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New Training Program for Marine Trades Workers

2:59 PM Fri, Mar 07, 2008 | | Write a comment
By Andy Smith    Email

The Rhode Island Economic Development Corporation and the New England Institute of Technology announced today they are accepting students into a new federally funded training program for the marine trades industry. The Composite Repair & Boat Construction Training Program is......

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Verizon on track to provide cable service to 115,000 more RI households

2:33 PM Fri, Mar 07, 2008 | | Write a comment
By Tim Barmann    Email

State regulators today gave Verizon Communications the first of three approvals it needs before it can begin providing cable television service to 115,000 households in 10 Rhode Island communities. The Division of Public Utilities and Carriers found that Verizon "has......

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Bush to address nation's economy at 2:10 p.m. / Live video

2:03 PM Fri, Mar 07, 2008 | | Write a comment
By Andrea Panciera    Email

WASHINGTON -- President Bush will make a statement on the nation's economy this afternoon, hours after a Labor Department report was released that showed employers slashing 63,000 jobs last month -- the most in five years. He's scheduled to speak......

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Citizens forum to discuss doing business in China

1:34 PM Fri, Mar 07, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Joseph J. MarcAurele, president of Citizens Bank's Rhode Island operations, is hosting a discussion about doing business in China. MarcAurele will be joined by Anne Forbes Van Nest, a senior vice president at Citizens Financial Group; Nelson de Castro, a......

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Providence Place tries to speed parking garage exits

1:32 PM Fri, Mar 07, 2008 | | Write a comment
By Paul Grimaldi    Email

Journal archive photo / Bill Murphy Providence Place mall is making changes to help shoppers leave the parking garage faster. PROVIDENCE - Providence Place mall is trying a new gambit to unclog the chronic bottlenecks that plague its parking......

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Report: Cox to test TiVo in Rhode Island and Connecticut

1:06 PM Fri, Mar 07, 2008 | | Write a comment
By Tim Barmann    Email

Cox Communications is preparing to offer TiVo-based digital video recorder service in its New England division, Multichannel News has reported. TiVo president and CEO Tom Rogers, in a conference call Wednesday discussing the company’s quarterly results, said Cox is currently......

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Economic Policy Council unveils new strategy

12:23 PM Fri, Mar 07, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo / Mary Murphy Christopher L. Bergstrom, executive director of the state Economic Policy Council, at a council meeting last September. PROVIDENCE - Rhode Island Economic Policy Council has released its new strategy for improving the state's......

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RI firm may bid for Weather Channel

8:37 AM Fri, Mar 07, 2008 | | Write a comment
By John Kostrzewa    Email

Providence Equity Partners, the Providence-based firm run by Brown University graduate Jonathan Nelson, is among the companies preparing bids for the Weather Channel and its Web site, according to the Wall Street Journal. The deadline for preliminary bids is today.......

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U.S. loses 63,000 jobs in February

8:08 AM Fri, Mar 07, 2008 | | Write a comment
By John Kostrzewa    Email

The U.S. unexpectedly lost jobs in February for the second month in a row, reinforcing concerns that the economy is contracting. The Labor Department reported at 8:30 this morning that the country lost 63,000 jobs in February after a decline......

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Legislation would push renewable energy projects

5:58 PM Thu, Mar 06, 2008 | | Write a comment
By Benjamin N. Gedan    Email

PROVIDENCE -- Lawmakers in the state Senate want to force the state's largest power company to invest in renewable energy projects, such as wind turbines. Senate President Joseph Montalbano said today that legislation they are proposing would primarily affect National......

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Textron 'most admired' aerospace company

5:10 PM Thu, Mar 06, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Fortune magazine has named Providence-based Textron Inc. as the country's top-ranked aerospace and defense company. Textron moved up six spots from its ranking last year, according to the company. "Textron is honored to be recognized as number one among such......

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Hearings on Cape Wind project set to begin

4:33 PM Thu, Mar 06, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The U.S. Interior Department’s Minerals Management Service plans to hold four public hearings in Massachusetts beginning Monday, March 10, to solicit comments on the Draft Environmental Impact Statement for the Cape Wind Energy Project. The draft report is available for......

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Texas struggling to forecast the wind

3:49 PM Thu, Mar 06, 2008 | | Write a comment
By Benjamin N. Gedan    Email

As state lawmakers advance an effort to build wind turbines off the Rhode Island coast, Texas, an early adopter of wind energy, is struggling with the unpredictability of the resource. The Wall Street Journal reported today that regulators in Texas......

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Giro's, a South Kingstown dining institution, closing

2:15 PM Thu, Mar 06, 2008 | | Comments (1)
By Paul Grimaldi    Email

Journal photo / John Freidah Dan Driscoll, owner of Giro's restaurant, is closing his business on Saturday. SOUTH KINGSTOWN -- After a 75-year run, Giro's restaurant in the South Kingstown village of Peace Dale will close its doors Saturday.......

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National Grid sells fiber optic division

2:05 PM Thu, Mar 06, 2008 | | Write a comment
By Benjamin N. Gedan    Email

National Grid has sold a fiber optic division of its KeySpan Corp. subsidiary. Lightower Fiber LLC, a provider of digital fiber optic networks, today announced plans to purchase KeySpan Communications. That acquisition, coupled with Lightower's purchase of DataNet Communications Group......

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General Dynamics raises dividend

11:06 AM Thu, Mar 06, 2008 | | Write a comment
By John Kostrzewa    Email

General Dynamics Corp., the owner of Electric Boat at Quonset Business Park, boosted its quarterly dividend 21 percent to 35 cents a share. The dividend is payable May 9 to shareholders of record on April 11, the Falls Church, Virginia-based......

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Author Jeffery Meshel to speak at Business EXPO

10:58 AM Thu, Mar 06, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Author Jeffrey W. Meshel. Author and "master networker" Jeffrey W. Meshel will deliver a speech at this year's Business EXPO, the Greater Providence Chamber of Commerce announced today. The speech will take place at the Rhode Island Convention Center.......

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CVS Caremark applies to open MinuteClinics in Mass.

8:33 AM Thu, Mar 06, 2008 | | Write a comment
By John Kostrzewa    Email

Woonsocket-based CVS Caremark Corp. has applied for licenses to open the first 10 MinuteClinics at retail sites in Massachusetts. The state recently adopted regulations to allow the medical clinics in retail locations. MinuteClinic, which runs 500 clinics nationwide, said it......

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Montalbano to unveil alternative energy bills

6:08 PM Wed, Mar 05, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Senate President Joseph A. Montalbano will unveil renewable energy legislation tomorrow at a news conference at 3 p.m., his spokesman announced today. Senate leaders plan to gather in the State House in room 313 to discuss the bills. Part of......

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The grass is still green in the convention center

2:27 PM Wed, Mar 05, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal Photo/Mary Murphy Michael Polak, right, and John Kelly, both of New England Organics, a composting company in Portland, Maine, set up their display yesterday at the 11th annual New England Regional Turfgrass Conference and Show at the Rhode......

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Blue Elephant restaurant cuts hours, cites inflation

11:35 AM Wed, Mar 05, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo / Bill Murphy Sue Cabeceiras, of Warwick, shops at the new ALDI market. The Blue Elephant restaurant in Providence will no longer serve dinner, a decision its owners blamed on the increasing cost of food. "To......

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Conference spotlights RI's turfgrass industry

8:32 AM Wed, Mar 05, 2008 | | Write a comment
By John Kostrzewa    Email

The ongoing Annual New England Turfgrass Conference at the Rhode Island Convention Center shines light on the state's industry. About half the 6,000 acres of sod grown in New England comes from Rhode Island, said Gary Sykes, executive director of......

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Johnston bakery set to reopen after fire

8:24 AM Wed, Mar 05, 2008 | | Write a comment
By John Kostrzewa    Email

D. Palmieri's Bakery, a fixture in Johnston for 36 years before a devastating fire last year leveled the structure, is set to reopen. Stephen Palmieri, owner, and Mary Tobin, manager, have invited customers, politicians and other local leaders to a......

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Creator of Dungeons & Dragons dies

8:17 AM Wed, Mar 05, 2008 | | Write a comment
By John Kostrzewa    Email

Gary Gygax, a pioneer in the gaming industry and the creator of the fantasy role-playing game, Dungeons & Dragons, has died. He was 69. Gygax died Tuesday at his home in Wisconsin, according to a statment by Hasbro Inc.'s Wizards......

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Hasbro lays off 40 at new Cranium property

1:49 PM Tue, Mar 04, 2008 | | Comments (1)
By Paul Grimaldi    Email

AP photo Cranium executives show off their new board game in 1999. Toymaker Hasbro Inc. is laying off 40 people at newly acquired Cranium Inc., the maker of the Cranium, Cadoo and Hullabaloo board games. The layoffs come as......

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Bridge joining Dunk and convention center now open

10:58 AM Tue, Mar 04, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo / Bill Murphy The new bridge between the Rhode Island Convention Center and the Dunkin' Donuts Center is now open. PROVIDENCE - The bridge connecting the Dunkin' Donuts Center and the Rhode Island Convention Center has......