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April 28, 2008 Archives

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Tourist officials anxious about impact of high gasoline prices

3:52 PM Mon, Apr 28, 2008 | | Write a comment
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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Gasoline sets another record high in RI

3:21 PM Mon, Apr 28, 2008 | | Write a comment
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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Big oil companies say no to funding energy assistance program

1:32 PM Mon, Apr 28, 2008 | | Write a comment
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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Yacht restoration school gets $500,000 for mill building rehab

1:05 PM Mon, Apr 28, 2008 | | Write a comment
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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Partnership to help Chinese tour Newport mansions

8:40 AM Mon, Apr 28, 2008 | | Write a comment
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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Newport Bancorp reports lower profits

7:45 AM Mon, Apr 28, 2008 | | Write a comment
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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