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April 27, 2008 - May 3, 2008 Archives
4:53 PM Fri, May 02, 2008 | Permalink |
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By Tim Barmann  Email
A federal appeals court has dismissed a lawsuit filed by LNG developer Weaver’s Cove Energy against the environmental management agencies of Rhode Island and Massachusetts in which the company argued that the agencies were taking too long to evaluate its......
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7:12 AM Fri, May 02, 2008 | Permalink |
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By John Kostrzewa Email
Rhode Island companies and contractors would receive $196 million in defense and military construction funding under a Department of Defense Authorization Bill approved yesterday by the Senate Armed Services Committee. The funds are in addition to the funds proposed under......
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6:58 AM Fri, May 02, 2008 | Permalink |
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By John Kostrzewa Email
Foxwoods employees in five departments voted yesterday to reject a proposal by Local 30 of the International Union of Operating Engineers to represent them in collective bargaining at the casion in Connecticut. The vote by employees in the engineering,......
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11:51 AM Thu, May 01, 2008 | Permalink |
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By John Kostrzewa Email
Brown University and the University of Rhode Island said yesterday they will contribute $25,000 to the next phase of the expansion of the Rhode Island Research Alliance launched in 2006 by The Rhode Island Science and Technology Advisory Council. The......
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11:38 AM Thu, May 01, 2008 | Permalink |
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By Paul Parker Email
Law firm Tillinghast Licht, with roots dating to 1818, announced today that it will wind down business in the next few months, with six key lawyers joining Adler Pollock & Sheehan on May 19. "The decision to close the firm......
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7:40 AM Thu, May 01, 2008 | Permalink |
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By John Kostrzewa Email
Woonsocket-based CVS Caremark Corp., the largest U.S. drugstore chain by number of stores, said first-quarter profit increased after it acquired pharmacy-benefits manager Caremark RX Inc. last year. Net income climbed to $748.5 million, or 51 cents a share, from $408.9......
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7:11 AM Thu, May 01, 2008 | Permalink |
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By John Kostrzewa Email
Condo Enterprises LLC, of Cranston, co-owned by Douglas Guilbert, of North Smithfield, and Richard Paris, of Smithfield, plan to launch today a new magazine called Condo Owner Monthly for Rhode Island condo owners. The magazine is designed to report the......
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5:17 PM Wed, Apr 30, 2008 | Permalink |
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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 2006, MIT Press is the fifth customer to sign on since it unveiled its Agile......
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11:00 AM Wed, Apr 30, 2008 | Permalink |
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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 on-time performance, faster service, higher gas prices and poor competition from the airline industry as......
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9:17 AM Wed, Apr 30, 2008 | Permalink |
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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 step down after he resorted to a rights offer to shore up capital. The bank......
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9:13 AM Wed, Apr 30, 2008 | Permalink |
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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 to more communities in Rhode Island. The company said it is also expanding its Providence-based......
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7:41 AM Wed, Apr 30, 2008 | Permalink |
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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 communications during emergencies and security breaches. The system, supplied by PURVIS Systems Inc., based in......
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4:51 PM Tue, Apr 29, 2008 | Permalink |
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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., conducting interviews for job openings as part of the projoJobs College Graduate Career Fair. Sponsored......
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10:51 AM Tue, Apr 29, 2008 | Permalink |
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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 designed to make the program a more useful tool in the state’s effort to expedite......
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8:11 AM Tue, Apr 29, 2008 | Permalink |
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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 loan revenue this year, according to data compiled by Bloomberg. The fixed-rate debt will be......
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7:53 AM Tue, Apr 29, 2008 | Permalink |
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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 competition and imports. The company laid off 44 employees earlier this year. The assistance includes......
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7:50 AM Tue, Apr 29, 2008 | Permalink |
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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 American Realty Capital LLC, based in Pennsylvania. Simultaneously, Rockland, a subsidiary of Independent Bank Corp.,......
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3:52 PM Mon, Apr 28, 2008 | Permalink |
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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 vacations this summer? Will Rhode Island benefit from people who choose to stay close to......
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3:21 PM Mon, Apr 28, 2008 | Permalink |
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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 last week, according to the state’s Office of Energy Resources. The agency calculates an average......
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1:32 PM Mon, Apr 28, 2008 | Permalink |
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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 J. Snowe, R-Maine, that the companies set aside some of their profits to help low-income......
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1:05 PM Mon, Apr 28, 2008 | Permalink |
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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 and help draw businesses to that area of the city. The money will also "help......
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8:40 AM Mon, Apr 28, 2008 | Permalink |
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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 others interested in learning about Chinese culture. Bryant University President Ronald K. Machtley and Preservation......
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7:45 AM Mon, Apr 28, 2008 | Permalink |
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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 first quarter. The company’s assets increased by $22.4 million, or 6.2%, to $383.6 million. The......
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