Projo Biz Blog

April 2008 Archives


R.I. technology startup lands contract with MIT Press

5:17 PM Wed, Apr 30, 2008 | | Write a comment
By Paul Parker    Email

A Providence technology startup has landed a contract to produce online books for MIT Press, the companies announced jointly today. For Tizra, formed in March......

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Amtrak Northeast corridor up in riders, revenue

11:00 AM Wed, Apr 30, 2008 | | Write a comment
By Paul Parker    Email

Amtrak's Northeast corridor posted January ridership and revenue numbers well ahead of both last year and the national passenger rail company's budget. Amtrak cited improved......

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Royal Bank ex-chief defends CEO

9:17 AM Wed, Apr 30, 2008 | | Write a comment
By John Kostrzewa    Email

George Mathewson, former chairman of the Royal Bank of Scotland, owner of Providence-based Citizens Financial Group this morning rejected calls for CEO Fred Goodwin to......

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Verizon expands its technology investment in RI

9:13 AM Wed, Apr 30, 2008 | | Write a comment
By John Kostrzewa    Email

Verizon said this morning it is making a capital investment of approximately $86 million in new network technology to expand its FiOS cable television service......

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T.F. Green to install new communication system

7:41 AM Wed, Apr 30, 2008 | | Write a comment
By John Kostrzewa    Email

The Rhode Island Airport Police at T. F. Green Airport said this morning it will install a new emergency notification system to aid in their......

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Career fair going on now at Save The Bay Center

4:51 PM Tue, Apr 29, 2008 | | Write a comment
By Andrea Panciera    Email

PROVIDENCE — Today, companies are at the Save The Bay Center, 100 Save The Bay Drive, on the Providence/Cranston line, from 4 to 7 p.m.,......

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RI starts expedited permitting process

10:51 AM Tue, Apr 29, 2008 | | Comments (1)
By John Kostrzewa    Email

The Rhode Island Economic Development Corporation today announced changes to the agency’s expedited permitting process, known as Certificate of Critical Economic Concern. The changes are......

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RI to sell bonds backed by student loans

8:11 AM Tue, Apr 29, 2008 | | Write a comment
By John Kostrzewa    Email

The Rhode Island Student Loan Authority plans to sell $64 million of bonds in what would be the first U.S. municipal offering backed by student......

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Bradford Dyeing workers eligible for benefits

7:53 AM Tue, Apr 29, 2008 | | Write a comment
By John Kostrzewa    Email

Workers at Bradford Dyeing Assoc., Inc. on Westerly have been certified for federal trade adjustment benefits because the business has been adversely affected by foreign......

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Bank sells, leases back properties

7:50 AM Tue, Apr 29, 2008 | | Write a comment
By John Kostrzewa    Email

Rockland Trust Co., of Rockland, Mass., a subsidiary of Independent Bank Corp., has agreed to sell 17 pieces of real estate for $32.2 million to......

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Tourist officials anxious about impact of high gasoline prices

3:52 PM Mon, Apr 28, 2008 | | Write a comment
By Tim Barmann    Email

The hottest topic in the tourism business is what impact record-high gasoline prices will have on the business. Will people decide to cut back their......

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Gasoline sets another record high in RI

3:21 PM Mon, Apr 28, 2008 | | Write a comment
By Tim Barmann    Email

The average price of gasoline in Rhode Island set a new record again today. Regular, self-serve gasoline averaged $3.599 a gallon, up 11 cents from......

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Big oil companies say no to funding energy assistance program

1:32 PM Mon, Apr 28, 2008 | | Write a comment
By Tim Barmann    Email

The trade group that represents the major oil companies in the United States has again rejected a request by Senators Jack Reed, D-RI, and Olympia......

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Yacht restoration school gets $500,000 for mill building rehab

1:05 PM Mon, Apr 28, 2008 | | Write a comment
By Andrea Panciera    Email

NEWPORT -- The International Yacht Restoration School will use $500,000 in federal money to help renovate the 1831 Aquidneck Mill building to expand school offerings......

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Partnership to help Chinese tour Newport mansions

8:40 AM Mon, Apr 28, 2008 | | Write a comment
By John Kostrzewa    Email

The Preservation Society of Newport County and the U.S.-China Institute at Bryant University are teaming up to benefit Chinese-speaking tourists visiting the Newport Mansions and......

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Newport Bancorp reports lower profits

7:45 AM Mon, Apr 28, 2008 | | Write a comment
By John Kostrzewa    Email

Newport Bancorp, Inc. reported first quarter earnings of $74,000, or two cents per share, compared to $259,000, or six cents per share for last year’s......

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Tax rebates to start Monday, earlier than planned

2:39 PM Fri, Apr 25, 2008 | | Comments (1)
By Jack Perry    Email

WASHINGTON -- President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and......

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Somerset company wins grant

9:15 AM Fri, Apr 25, 2008 | | Write a comment
By John Kostrzewa    Email

Duclos Corp., of Somerset, Mass., has won a $628,300 grant by the U.S. Department of Transportation’s Maritime Administration for railway assembly and an extension of......

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Topping off today at downtown hotel

9:08 AM Fri, Apr 25, 2008 | | Write a comment
By John Kostrzewa    Email

Public officials and workers this morning will celebrate the "topping off’ of the new Hampton Inn & Suites in downtown Providence. A steel beam will......

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Photo: Murray stepping down from A.T. Cross' board

4:24 PM Thu, Apr 24, 2008 | | Comments (1)
By Andrea Panciera    Email

Journal photo / Steve Szydlowski Retired banker Terrence "Terry" Murray, left, is stepping down as a director at the A.T. Cross Company after 25......

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Bank RI reports increased profits

1:27 PM Thu, Apr 24, 2008 | | Write a comment
By John Kostrzewa    Email

Bancorp Rhode Island (BARI:NASDAQ) the parent company of Bank Rhode Island, today reported first quarter net income of $2.3 million, or 50 cents per diluted......

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Cessna gets state help in Kansas

7:48 AM Thu, Apr 24, 2008 | | Write a comment
By John Kostrzewa    Email

Kansas Gov. Kathleen Sebelius signed a bill to allow the state to issue up to $33 million in bonds to help Cessna Aircraft expand its......

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RI small business owners win national award

7:12 AM Thu, Apr 24, 2008 | | Write a comment
By John Kostrzewa    Email

Cheryl Snead, president and chief executive officer, and Roland Snead, executive vice president of Banneker Industries, of North Smithfield, have won the National Subcontractor of......

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Textron shareholders reject two proposals

12:37 PM Wed, Apr 23, 2008 | | Write a comment
By John Kostrzewa    Email

A labor union came close to winning a shareholder proposal at today’s annual shareholders meeting of Textron. Proposals from shareholders that are not supported by......

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Royal Bank's investors raises concerns

10:10 AM Wed, Apr 23, 2008 | | Write a comment
By John Kostrzewa    Email

Tom McKillop, chairman of Royal Bank of Scotland Group, owner of Providence-based Citizens Financial Group, this morning said plans to raise $24 billion in a......

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Bank fraud hits RI, NH

8:04 AM Wed, Apr 23, 2008 | | Write a comment
By John Kostrzewa    Email

A New York City man has been sentenced to more than six years in prison after pleading guilty to a bank fraud that prosecutors say......

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Washington Trust to open new Providence branch

8:01 AM Wed, Apr 23, 2008 | | Write a comment
By John Kostrzewa    Email

The Washington Trust Company said it will open a new branch at 156 Westminster Street in Providence’s Financial District on Aug. 1. The bank’s current......

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Raytheon's chief paid $15 million in 2007

7:42 AM Wed, Apr 23, 2008 | | Write a comment
By John Kostrzewa    Email

Raytheon Co. Chairman and Chief Executive William H. Swanson received 2007 compensation of nearly $15 million, up almost 25 percent from the previous year, according......

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Hotels, restaurants go "green" to attract environmentally-conscious visitors

3:38 PM Tue, Apr 22, 2008 | | Write a comment
By Tim Barmann    Email

PROVIDENCE – The amenities list in a hotel guidebook may soon look like this: indoor pool, premium movie channels, and low carbon footprint. The major......

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Middletown company posts earnings

12:53 PM Tue, Apr 22, 2008 | | Write a comment
By John Kostrzewa    Email

KVH Industries, Inc., (KVHI:Nasdaq) yesterday reported first quarter revenue of $23.1 million, up 13% from last year’s first quarter. Net income was $1.6 million ,......

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RI towns commit to energy-saving program

12:50 PM Tue, Apr 22, 2008 | | Write a comment
By John Kostrzewa    Email

More than 100 communities in the region, including four in Rhode Island, have committed to curb energy use, cut greenhouse gas emissions, and save money......

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