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April 13, 2008 - April 19, 2008 Archives
5:32 PM Fri, Apr 18, 2008 | Permalink |
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By Andrea Panciera  Email
U.S. Sen. Jack Reed said he will seek a $40 million increase in the Securities and Exchange Commission’s budget to bolster the agency’s monitoring of Wall Street investment banks and credit-rating companies. The SEC needs more staff “in terms of......
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3:06 PM Fri, Apr 18, 2008 | Permalink |
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By John Kostrzewa Email
A study by the Pew Charitable Trusts released this week projects that an average of one in 31 homeowners in Rhode Island who took out high-cost mortgages during the real-estate boom will lose their homes to foreclosure, most of them......
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9:04 AM Fri, Apr 18, 2008 | Permalink |
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By John Kostrzewa Email
U.S. Representative Barney Frank, D-New Bedford, yesterday introduced legislation to let states buy vacated homes and a federal agency insure refinanced loans to stem foreclosures amid the worst housing slump in a quarter century. One bill would create a $15......
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9:02 AM Fri, Apr 18, 2008 | Permalink |
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By John Kostrzewa Email
Weaver’s Cove Energy will make the first public presentation of its plans to offload LNG supertankers in the town waters of Mount Hope Bay when company officials appear before the Somerset Board of Selectmen during its regular meeting Wednesday night.......
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2:43 PM Thu, Apr 17, 2008 | Permalink |
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By Tim Barmann Email
A state utilities regulator has decided that financial data and customer counts submitted by cable television companies in Rhode Island are no longer public information and has declined release the figures as requested by The Providence Journal. Thomas F. Ahern,......
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9:21 AM Thu, Apr 17, 2008 | Permalink |
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By John Kostrzewa Email
Concordia, a Coventry-based manufacturer, said this morning it plans to expand in Warwick with the help of a $500,000 small business loan from the Rhode Island Economic Development Corporation. Concordia will be lease a 24,575 square foot facility located at......
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7:24 AM Thu, Apr 17, 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, this morning reported an 18 percent increase in first-quarter earnings as demand rose for aircraft. Net income climbed to $231 million, or 91 cents a share,......
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7:20 AM Thu, Apr 17, 2008 | Permalink |
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By John Kostrzewa Email
Aspen Aerogels, the Northboro, Mass.-based company that recently opened a plant in East Providence, has been awarded a contract from Helix Energy Solutions Group, of Houston, to supply insulation for a subsea pipe line in the Anadarko Petroleum oil discovery......
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2:35 PM Wed, Apr 16, 2008 | Permalink |
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By John Kostrzewa Email
Providence-based NTK Holdings, Inc., parent of Nortek Holdings, Inc. and Nortek, Inc., reported 2007 net sales of $2.4 billion, an increase of 6.8 percent from the $2.2 billion recorded in 2006. Operating earnings were $185.3 million compared to $264.5 million......
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2:28 PM Wed, Apr 16, 2008 | Permalink |
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By Tim Barmann Email
Oceanlinx, the Australian company that has proposed building a wave energy project on Rhode Island’s southern shore, has dropped its plans to build a similar facility in Oregon. But a company executive said Oceanlinx hasn’t changed its plans for Rhode......
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2:01 PM Wed, Apr 16, 2008 | Permalink |
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By Lynn Arditi Email
Rhode Island's single-family house prices during January and February declined 9 percent, to $240,000, compared with $264,000 during the same two months of last year, according to The Warren Group, a Boston-based research firm. House prices in the state......
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8:01 AM Wed, Apr 16, 2008 | Permalink |
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By John Kostrzewa Email
Government officials in Wichita, Kansas have approved a slate of financial incentives for a new Cessna Aircraft Company assembly plant in Wichita. The package includes $10 million in forgivable loans, the consolidation of numerous leases into a 50-year agreement and......
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7:51 AM Wed, Apr 16, 2008 | Permalink |
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By John Kostrzewa Email
General Growth Properties, owner of 200 malls including the Providence Place mall, has $18.78 million in debt coming due in the next four months and is looking for joint venture partners for parts of its portfolio, the Wall Street Journal......
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5:15 PM Tue, Apr 15, 2008 | Permalink |
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By Tim Barmann Email
The state’s top airport official says that the proposed Delta-Northwest merger isn’t likely to have any impact on TF Green Airport. Though neither airline has talked about what route changes they might make as a merged company, Kevin Dillon, president......
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11:54 AM Tue, Apr 15, 2008 | Permalink |
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By Paul Parker Email
A Johnston company that manages the automobile insurance assigned-risk pool for more than three dozen states has laid off eight workers as the number of drivers signing up for assigned-risk insurance has dropped sharply. AIPSO, which employs 272 in Johnston......
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8:10 AM Tue, Apr 15, 2008 | Permalink |
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By John Kostrzewa Email
Delta Air Lines Inc. agreed to buy Northwest Airlines Corp. in a $3.63 billion stock deal that would create the world's largest carrier. Delta is the fourth biggest passenger carrier at T.F. Green Airport. Northwest is the sixth largest. Together,......
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8:05 AM Tue, Apr 15, 2008 | Permalink |
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By John Kostrzewa Email
Kelly Space & Technology, Inc., of San Bernadino, Calif., this morning said it will set up an East Coast operation in Rhode Island to commercialize its lightweight ballistic protection armor technology for watercraft. “Rhode Island’s great marine and defense industry......
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10:31 AM Mon, Apr 14, 2008 | Permalink |
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By John Kostrzewa Email
The New York furniture store chain that last year took over Alperts Furniture Showplace in Seekonk will celebrate on Wednesday the opening of its first Rhode Island store. Raymour & Flanigan Furniture chose a vacant storefront at 444 Quaker Lane,......
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10:21 AM Mon, Apr 14, 2008 | Permalink |
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By John Kostrzewa Email
Cardi’s Furniture plans to expand its retail operation this summer in two new locations. The company plans to renovate into a new showroom a 15,000 square foot former electronics store in the Capetown Plaza, 768 Iyannough Rd., across from the......
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8:20 AM Mon, Apr 14, 2008 | Permalink |
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By John Kostrzewa Email
Ocean State Theatre Company, Inc., the producing entity of Theatre By The Sea, in Matunuck, said it has been granted non-profit status by the Internal Revenue Service and has been designated a 501(c)(3) charitable corporation. The theater historically has been......
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8:16 AM Mon, Apr 14, 2008 | Permalink |
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By John Kostrzewa Email
Paul Teutul, Sr. and Paul Teutul, Jr., - the starts of the television program American Chopper – are scheduled to appear at the headquarters of Dryvit Systems, Inc. in West Warwick this morning at 8:30 a.m. The Teutuls are creating......
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