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April 6, 2008 - April 12, 2008 Archives
5:27 PM Fri, Apr 11, 2008 | Permalink |
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By Paul Parker  Email
JOHNSTON — The landlord for one of the world’s largest commercial property insurance companies has asked the town to stop the company from building a new headquarters on an adjacent parcel of land — at least for now. PREFCO, also......
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4:48 PM Fri, Apr 11, 2008 | Permalink |
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By Paul Grimaldi Email
Cranston-based Ross-Simons opened its 14th store, this one in Stamford, Conn., today. Founded in 1952, the company sells jewelry in its stores, in catalogs, on its Internet Web site and through televised shopping channels. Ross-Simons is controlled by Freeman Spogli......
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4:37 PM Fri, Apr 11, 2008 | Permalink |
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By John Kostrzewa Email
The owner of the iconic Newport Creamery chain is reopening its restaurant Saturday in the Garden City Shopping Center after a renovation project it hopes will serve as a prototype for the 13-outlet chain. The Jan Cos., of Cranston, tried......
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12:50 PM Fri, Apr 11, 2008 | Permalink |
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By John Kostrzewa Email
Providence-based Textron Inc., the world's biggest maker of business jets through its Cessna unit, said first- quarter earnings surpassed the company's previous forecast of 75 cents to 85 cents a share. “Slightly weaker-than-forecasted” results at its finance segment were more......
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12:44 PM Fri, Apr 11, 2008 | Permalink |
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By John Kostrzewa Email
But just in case you procrastinated, the Providence Main Post Office will stay open Tuesday until midnight for people looking to mail last-minute income tax returns. Of course, these days, taxpayer responsibilities can be taken care of online. Find tax......
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8:35 AM Fri, Apr 11, 2008 | Permalink |
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By John Kostrzewa Email
Rite Aid Corp. reported a fourth-quarter loss of $960.4 million, largely due to costs from the acquisition of 1,850 Brooks and Eckerd stores it acquired last June. The company, based in Pennsylvania, said it expects to lose money in fiscal......
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2:55 PM Thu, Apr 10, 2008 | Permalink |
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By Tim Barmann Email
For those traveling through T.F. Green Airport this weekend, expect crowds. The weekend before April vacation week is among the busiest of the year at the Warwick airport, said Patti Goldstein, a spokeswoman for the Rhode Island Airport Corporation. She......
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1:14 PM Thu, Apr 10, 2008 | Permalink |
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By John Kostrzewa Email
The Rhode Island Airport Corporation will receive $5 million from the Federal Aviation Administration to acquire 21 houses in the voluntary house acquisition program located near T.F. Green Airport. “This program continues to provide an alternative for families around T.F.......
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12:04 PM Thu, Apr 10, 2008 | Permalink |
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By John Kostrzewa Email
Stock in Amgen (AMGN:NASDAQ) gained the most in the Standard & Poor's 500 Index this morning, rising 6 percent to $44.15 a share, up $2.56. U.S. District Judge William Young ruled Roche Holding AG's anemia medicine Mircera violates patents owned......
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9:06 AM Thu, Apr 10, 2008 | Permalink |
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By John Kostrzewa Email
Mayor David N. Cicilline, City Councilman Luis Aponte and others will be pushing an ordinance the mayor says will help small businesses and artists displaced by development. The mayor will sign the ordinance this morning at MEDPort, 99 Hartford Ave.,......
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8:52 AM Thu, Apr 10, 2008 | Permalink |
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By John Kostrzewa Email
The grounding of more than 1,000 American Airlines flights yesterday, after 460 flights were scrubbed the day before, has had little impact on passengers at T.F. Green Airport. The MD 80 aircraft that were pulled from flight schedules and are......
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7:39 AM Thu, Apr 10, 2008 | Permalink |
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By John Kostrzewa Email
FGX International, the sunglasses company with offices in Smithfield, has settled a lawsuit filed by Sun Optics, based in Salt Lake City, over patents for designs of transparent eyeglass cases. FGX, also known as Foster Grant, will pay Sun Optics......
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5:16 PM Wed, Apr 09, 2008 | Permalink |
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By John Kostrzewa Email
JOHNSTON – With construction of FM Global’s new, four-story headquarters already underway in the background, local, state and company officials this afternoon celebrated the $60 million investment of a 175-year-old Rhode Island company. FM Global, one of the world’s largest......
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1:27 PM Wed, Apr 09, 2008 | Permalink |
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By John Kostrzewa Email
Pawtucket-based Hasbro Inc., the world's second- largest toymaker, may push the Trivial Pursuit board game into the movies. Hasbro acquired the intellectual property rights to Trivial Pursuit for $80 million from Horn Abbot Ltd. last month to expand the brand......
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10:44 AM Wed, Apr 09, 2008 | Permalink |
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By Tim Barmann Email
Four U.S. senators have introduced a bill that would repeal portions of a 2005 law that gave overall authority for the siting of liquefied natural gas terminals to the Federal Energy Regulatory Commission. The sponsors, Sens. Ron Wyden, D-Ore., Hillary......
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9:31 AM Wed, Apr 09, 2008 | Permalink |
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By John Kostrzewa Email
Textron Systems, a unit of Providence-based Textron Inc., this morning appointed Fred Strader as its chief operating officer. Strader, previously the president of AAI, an operating unit of Textron Systems, will oversee the day-to-day operations of the company's seven operating......
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8:13 AM Wed, Apr 09, 2008 | Permalink |
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By John Kostrzewa Email
A.T. Cross Co. workers who lose their jobs during the next two years will be able to apply for federal assistance, including training and allowance for job search and relocation by the U.S. Office of Trade Adjustment Assistance. The Lincoln-based......
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8:07 AM Wed, Apr 09, 2008 | Permalink |
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By John Kostrzewa Email
Edwin Crawford, the former executive of Caremark Rx Inc. who negotiated with Tom Ryan, CEO of CVS, to sell the pharmacy benefits company for $26.5 billion to the Woonsocket-based drug store chain, is setting up a turnaround firm. Crawford will......
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6:42 PM Tue, Apr 08, 2008 | Permalink |
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By Andrea Panciera Email
BOSTON -- The retiring chief executive of Hasbro saw his pay grow 27 percent in 2007. The Pawtucket-based toy company says Alfred Verrecchia received compensation totaling $10.4 million last year, largely due to grants of stocks and options. That's according......
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5:15 PM Tue, Apr 08, 2008 | Permalink |
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By Paul Parker Email
Countering the recent trend of manufacturing job losses in Rhode Island, a Massachusetts company is expanding into East Providence, where it is hiring to staff a factory that opened in February. The company, privately held Aspen Aerogels, now has about......
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12:30 PM Tue, Apr 08, 2008 | Permalink |
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By John Kostrzewa Email
Voters in Mashpee, Mass. have approved an agreement with the Wampanoag tribe which protects the town from future land claims while guaranteeing that a casino will not be built on tribal land. The deal was struck after more than a......
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12:06 PM Tue, Apr 08, 2008 | Permalink |
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By Tim Barmann Email
Retirees of Verizon Communications have launched a campaign to pursuade the telephone company's board of directors to separate the offices of chairman and chief executive officer. The Association of BellTel Retirees Inc. wants directors to adopt a policy requiring that......
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11:00 AM Tue, Apr 08, 2008 | Permalink |
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By John Kostrzewa Email
FM Global, the commercial property insurance company that was founded in Rhode Island in 1835, begins a new era Wednesday with a ground-breaking for a new four-story headquarters in Johnston. The new building is expected to cost about $60 million.......
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9:33 AM Tue, Apr 08, 2008 | Permalink |
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By John Kostrzewa Email
First Marblehead Corp., the Boston-based student lender that acquired Union Federal Savings Bank in North Providence, lost a third of its value in early trading this morning after its guarantor of private student loans filed for bankruptcy protection. First Marblehead......
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9:03 AM Tue, Apr 08, 2008 | Permalink |
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By John Kostrzewa Email
About 25 members of the World Affairs Council of Rhode Island gathered at the Hope Club in Providence this morning to hear a presentation, "Unlocking the Latino Consumer and Business Markets: What's Really on the Other Side of the Door......
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4:55 PM Mon, Apr 07, 2008 | Permalink |
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By John Kostrzewa Email
Chris W. Bodine, executive vice president and president, CVS Caremark Health Care Services, has decided for personal reasons to scale back his day-to-day responsibilities and will begin a transition to retirement in 2009, Woonsocket-based CVS Caremark Corp. said in a......
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4:50 PM Mon, Apr 07, 2008 | Permalink |
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By Paul Parker Email
The Rhode Island Convention Center Authority operated at a loss in the first eight months of its fiscal year, but the loss was less than expected and less than for the same period a year ago, if a one-time payment......
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3:24 PM Mon, Apr 07, 2008 | Permalink |
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By Paul Grimaldi Email
A suspect in an Internet fraud scheme that bilked customers of $13 million this afternoon waived his right to a preliminary hearing, clearing the way for the case to be presented to a federal grand jury. The suspect, 33-year-old David......
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3:19 PM Mon, Apr 07, 2008 | Permalink |
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By John Kostrzewa Email
Five communities and organizations in Rhode Island have been awarded $1.8 million in Environmental Protection Agency funding from the Brownfield’s program to help revitalize former industrial and commercial sites. The EPA grants will help pay to assess, clean and redevelop......
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