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April 16, 2008 Archives

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Nortek reports increased sales

2:35 PM Wed, Apr 16, 2008 | | Write a comment
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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Oceanlinx pulls out of Oregon, but plans still on for RI

2:28 PM Wed, Apr 16, 2008 | | Write a comment
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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Spring housing market opens with lower prices, sales

2:01 PM Wed, Apr 16, 2008 | | Write a comment
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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Tax breaks granted for Textron company expansion

8:01 AM Wed, Apr 16, 2008 | | Write a comment
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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Mall owner may seek investors

7:51 AM Wed, Apr 16, 2008 | | Comments (1)
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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