Projo Biz Blog

March 9, 2008 - March 15, 2008 Archives


Contractor takes steps to collect payments from Twin River

11:46 AM Fri, Mar 14, 2008 | | Write a comment
By Paul Grimaldi    Email

Journal archive photo / Frieda Squires Workers put the finishing touches on the new gaming rooms at Twin River last September. LINCOLN -- Dimeo Construction Co. put a lien on the Twin River slot parlor in a move to......

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Business Innovation Factory hires project leader

11:37 AM Fri, Mar 14, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The Business Innovation Factory, a nonprofit organization that promotes innovation, has hired Rhode Island School of Design professor Mickey Ackerman to oversee the expansion of its Experience Labs. The labs are meant to conduct "innovation projects that experiment with new......

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So far, Green Airport untouched by Southwest troubles

5:33 PM Thu, Mar 13, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Southwest Airlines, the dominant carrier at T.F. Green Airport, was recently fined $10.2 million for failing to properly conduct safety inspections on its planes. WARWICK - The maintenance concerns at Southwest Airlines have not caused any delays at T.F.......

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Pitching RI to Fidelity's Boston employees

12:18 PM Thu, Mar 13, 2008 | | Comments (1)
By Benjamin N. Gedan    Email

Journal archive photo / Bill Murphy A worker signs a beam last summer at the site of Fidelity's newest office tower in Smithfield. SMITHFIELD -- Fidelity Investments has been inviting Rhode Island tourism officials to Boston to sing the......

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Diverting trash and saving cash at the Dunk

11:51 AM Thu, Mar 13, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo / Mary Murphy Workers operate heavy equipment last May at the Dunkin' Donuts Center. PROVIDENCE -- Gilbane Inc., construction manager for the $80.5-million renovation of the Dunkin' Donuts Center, says it has saved $100,000 in waste......

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Legislation filed to boost CCRI's workforce development

10:55 AM Thu, Mar 13, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Two top lawmakers have filed legislation calling for a study of how the Community College of Rhode Island trains the state's workforce. The bill is sponsored by Senate Majority Leader M. Teresa Paiva Weed and House Majority Leader Gordon D.......

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LIN TV, DISH Network reach deal

9:13 AM Thu, Mar 13, 2008 | | Write a comment
By John Kostrzewa    Email

Providence-based LIN TV (TVL:NYSE) and the DISH Network Corp. (DISH:NASDAQ) said this morning they have reached an agreement for the retransmission of LIN TV's broadcast stations in both standard and high-definition. The deal covers television stations owned and/or operated by......

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Better Business Bureau sold

9:01 AM Thu, Mar 13, 2008 | | Write a comment
By John Kostrzewa    Email

The Better Business Bureau of Rhode Island has been acquired by its counterpart in Massachusetts, the Better Business Bureau based in Natick, Mass. that serves eastern Massachusetts, Maine and Vermont. The merged organization will include several board members from the......

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Alexion CEO plans two conference appearances

12:50 PM Wed, Mar 12, 2008 | | Write a comment
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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$10 million in HUD loans for foreclosed properties

12:20 PM Wed, Mar 12, 2008 | | Write a comment
By Lynn Arditi    Email

Providence will apply for $10 million in federal loans to purchase, rehabilitate or demolish foreclosed properties which have become a blight on city neighborhoods, Providence Mayor David N. Cicilline announced today. The city is seeking approval from the Providence City......

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NORAD to begin exporting at Quonset

12:02 PM Wed, Mar 12, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo / Bill Murphy Car importer NORAD is the main user of the port at the Quonset Business Park. NORTH KINGSTOWN -- Automobile importer North Atlantic Distribution plans to start exporting truck cabins from the pier at......

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Penske auto chief's 2007 pay doubles

9:15 AM Wed, Mar 12, 2008 | | Write a comment
By John Kostrzewa    Email

Roger Penske has gone from a popular Indianapolis 500 and Nascar race track driver to a corporate CEO with a multi-million dollar paycheck. Penske, 71, is chairman and CEO of Penske Automotive Group, the second-largest publicly traded U.S. car dealer......

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Green Jobs Alliance forms to promote economic growth

9:08 AM Wed, Mar 12, 2008 | | Write a comment
By John Kostrzewa    Email

A coalition of labor unions, environmental advocates and anti-poverty groups are collaborating to promote legislation that would help spark new renewable energy-related industries in Rhode Island. The group, which calls itself the Green Jobs Alliance, has come together to promote......

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McCarvill: Little demand for convention center naming rights

4:26 PM Tue, Mar 11, 2008 | | Write a comment
By Benjamin N. Gedan    Email

James P. McCarvill, the executive director of the Rhode Island Convention Center Authority, says there is probably little demand for the building's naming rights. State Rep. Deborah A. Fellela, D-Johnston, has introduced legislation that would require the authority to solicit......

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Providence Place losing Sharper Image, J. Jill Petite

3:20 PM Tue, Mar 11, 2008 | | Write a comment
By Paul Grimaldi    Email

Sharper Image, the San Francisco-based gadget retailer which recently filed for bankruptcy, will close its store in Providence Place mall in late spring, according to Craig Gorris, the mall's general manager. The Providence store is one of more than 90......

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Carcieri combining EDC and Economic Policy Council

3:05 PM Tue, Mar 11, 2008 | | Write a comment
By Benjamin N. Gedan    Email

Journal archive photo / Kathy Borchers Governor Carcieri and Paul J. Choquette Jr., CEO of Gilbane Inc., at an Economic Policy Council meeting in 2006. PROVIDENCE -- Governor Carcieri is combining the state's two economic development agencies, the state......

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Legislators to announce "Green Jobs Alliance"

10:32 AM Tue, Mar 11, 2008 | | Write a comment
By Benjamin N. Gedan    Email

PROVIDENCE -- Labor unions are joining with environmental advocates and anti-poverty groups to form a "Green Jobs Alliance." The alliance is a coalition that will support middle-class jobs that are good for the environment. Legislators are scheduled to announce the......

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China seminar attracts 150 people

10:19 AM Tue, Mar 11, 2008 | | Write a comment
By John Kostrzewa    Email

About 150 business managers and executives this morning attended a seminar, "Ten questions you should ask about doing business in China" at the Crowne Plaza Hotel in Warwick. The attendees heard a panel of experts explain the risks of doing......

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State floats new curbs on film tax-credit program

5:12 PM Mon, Mar 10, 2008 | | Write a comment
By Benjamin N. Gedan    Email

PROVIDENCE – With critics questioning how much Rhode Island has benefited from the $52 million in tax credits the state has offered to the television and movie industry to film here, the state's Division of Taxation this morning proposed new......

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Amgen CEO: 2007 was company's "most difficult" year

3:06 PM Mon, Mar 10, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The chief executive officer of pharmaceutical giant Amgen Inc., Kevin Sharer, says 2007 was the "most difficult" year in the company's history. In an interview with The Wall Street Journal, Sharer was asked about the struggles that have bludgeoned the......

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R.I. gas prices at post-Katrina highs

1:09 PM Mon, Mar 10, 2008 | | Write a comment
By Andrea Panciera    Email

Gas prices in the state are at the highest they've been since the aftermath of Hurricane Katrina in 2005, when all-time gas records were set, according to AAA. For the fourth-straight week, the average price of gasoline has risen, with......

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State pushing for more high-wage jobs

11:56 AM Mon, Mar 10, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The state Economic Development Corporation has started a new regional campaign to increase the number of high-wage jobs in Rhode Island by building the state's financial services, health and life sciences, information technology and digital media sectors. The nine-month campaign,......

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Designers launch professional organization

11:11 AM Mon, Mar 10, 2008 | | Write a comment
By Benjamin N. Gedan    Email

The organizers of a new state chapter of the Industrial Designers Society of America are hosting a launch party next Thursday, March 20. The group will gather at 5:30 p.m. at Tazza on Westminster Street in Providence. “Clearly, the launch......

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Sharper Image reworks gift card policy

11:05 AM Mon, Mar 10, 2008 | | Write a comment
By Paul Grimaldi    Email

Jaime Garland checks out the Ionic Breeze Quadra Air purifiers at a Sharper Image store in Chicago in 2004. The chain recently filed for bankruptcy. Sharper Image, the San Francisco-based gadget retailer which recently filed for bankruptcy, said Friday......

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Hasbro, Scientific Games sign licensing agreement

9:21 AM Mon, Mar 10, 2008 | | Write a comment
By John Kostrzewa    Email

Scientific Games said this morning that its subsidiary, Games Media, signed a three-year licensing agreement with Hasbro to create games in the United Kingdom and Ireland for the Pawtucket-based companies properties. The deal covers games such as Monopoly, Yahtzee, Trivial......

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Providence Place mall to start new parking fee system

9:01 AM Mon, Mar 10, 2008 | | Write a comment
By John Kostrzewa    Email

Providence Place mall will start a new parking fee system to try to unclog the bottlenecks that plague its parking garage. People who drive to the mall will be able to pay their parking fees at ATM-like machines and cashier......

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Wardwell Braiding names new president

8:58 AM Mon, Mar 10, 2008 | | Write a comment
By John Kostrzewa    Email

John Tomaz, a 30-year veteran at the Wardwell Braiding Machine Co., based in Central Falls, has been named president, succeeding Jonathan Farnum, who held the position for the past 37 years. Farnum will remain as chairman of the board and......

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