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April 8, 2008 Archives

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Hasbro's Verrechia saw pay grow 27% in 2007

6:42 PM Tue, Apr 08, 2008 | | Write a comment
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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High-tech Bay State manufacturer expands into R.I.

5:15 PM Tue, Apr 08, 2008 | | Write a comment
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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Mashpee, Mass. residents approve land deal with tribe

12:30 PM Tue, Apr 08, 2008 | | Write a comment
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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Verizon retirees seek to separate office of CEO and chairman

12:06 PM Tue, Apr 08, 2008 | | Write a comment
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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FM Global to start building $60 million headquarters

11:00 AM Tue, Apr 08, 2008 | | Write a comment
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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Stock of student lender loses one-third of value

9:33 AM Tue, Apr 08, 2008 | | Write a comment
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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Business managers hear presentation on the Latino market

9:03 AM Tue, Apr 08, 2008 | | Write a comment
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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