Projo Biz Blog

May 11, 2008 - May 17, 2008 Archives


Honeywell buys Cranston-based manufacturer

2:34 PM Fri, May 16, 2008 | | Write a comment
By Lynn Arditi    Email

Honeywell International Inc. has purchased Norcross Safety Products, LLC, parent of the Cranston-based manufacturer North Safety Products, for approximately $1.2 billion, the companies announced today.......

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Judge postpones FM Global case

2:16 PM Fri, May 16, 2008 | | Write a comment
By Paul Parker    Email

The Superior Court judge hearing challenges to permits issued for FM Global's new headquarters in Johnston took no action in the case when he met......

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Third advisory firm backs Bancorp RI management

11:45 AM Fri, May 16, 2008 | | Write a comment
By Paul Grimaldi    Email

The management at Providence-based Bancorp Rhode Island, the parent of Bank Rhode Island, said this morning that for the third time this month they've earned......

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Pawtucket condo project completes first phase

7:01 AM Fri, May 16, 2008 | | Write a comment
By John Kostrzewa    Email

Public officials and representatives from First National Development Inc. will gather this afternoon at the former Union Wadding Co., 125 Goff Avenue, Pawtucket, to call......

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Johnston board gives FM Global green light

2:31 PM Thu, May 15, 2008 | | Write a comment
By Paul Parker    Email

The Johnston Zoning Board of Appeal has rejected four challenges to permits and approvals for a new headquarters being built by insurance company FM Global.......

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Prospective developers for R.I. wind farm get more time

12:34 PM Thu, May 15, 2008 | | Write a comment
By Tim Barmann    Email

Governor Carcieri's office has extended the deadline for developers to submit proposals to the state to build a massive offshore wind farm that would rival......

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Four communities to get "KeepSpace" funds

9:53 AM Thu, May 15, 2008 | | Write a comment
By Lynn Arditi    Email

Rhode Island Housing's board of directors this morning approved spending $250,000 for four community developments aimed at preserving open space and minimizing resource use.......

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Railroad reports first-quarter loss

8:55 AM Thu, May 15, 2008 | | Write a comment
By John Kostrzewa    Email

Providence and Worcester Railroad Company (PWX:NASDAQ) yesterday reported a first-quarter loss of $922,000, or 19 cents a share, compared to a net loss of $1.2......

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Davol completes move

8:51 AM Thu, May 15, 2008 | | Write a comment
By John Kostrzewa    Email

Davol Inc., a subsidiary of C.R. Bard Inc., has completed its relocation from its current location in Cranston to a new divisional headquarters at 100......

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Judge extends restrictions on FM Global construction

4:02 PM Wed, May 14, 2008 | | Write a comment
By Paul Parker    Email

A Superior Court judge has ruled that insurance company FM Global can finish the foundation on its new headquarters in Johnston but it cannot do......

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Hasbro reacquires rights to classic programs

8:48 AM Wed, May 14, 2008 | | Write a comment
By John Kostrzewa    Email

Pawtucket-based Hasbro, Inc. (HAS:NYSE) this morning said it has reacquired for $7 million the worldwide distribution rights to the Sunbow Library of Hasbro Classics programming......

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Marina in Jamestown up for sale

8:39 AM Wed, May 14, 2008 | | Write a comment
By John Kostrzewa    Email

The Dutch Harbor Boat Yard has been put up for sale after the new owners ran into trouble with one of its lenders three years......

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Astro-Med forecasts 14 percent sales growth

3:36 PM Tue, May 13, 2008 | | Write a comment
By John Kostrzewa    Email

Astro-Med Inc. (ALOT:Nasdaq) said today that sales for the first quarter that ended May 3 are anticipated to increase about 14 percent from the comparable......

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Ohio Lottery plans to replace GTECH

10:06 AM Tue, May 13, 2008 | | Write a comment
By John Kostrzewa    Email

The Ohio Lottery said it wants to replace GTECH, the Providence-based vendor that has operated the lottery’s gaming system since 1985. The lottery said that......

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Hasbro hires creative director for movie projects

8:57 AM Tue, May 13, 2008 | | Write a comment
By Paul Grimaldi    Email

Pawtucket-based toymaker Hasbro Inc. (HAS:NYSE) has appointed a movie business veteran to serve as its liaison to the motion picture industry. Hasbro said yesterday it......

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Arizona-based equipment renter buys RI company

8:14 AM Tue, May 13, 2008 | | Write a comment
By John Kostrzewa    Email

RSC Holdings Inc.. based in Scottsdale, Arizona, said this morning it has agreed to acquire the operations and certain assets of American Equipment Rentals, based......

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Economic index shows deeper recesssion in RI

8:01 AM Tue, May 13, 2008 | | Write a comment
By John Kostrzewa    Email

The Current Conditions Index, a measure of the strength of Rhode Island’s economy, showed a severe contraction in March for the third month in a......

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Investor to pay $1M to settle insider case linked to Citizens

5:26 PM Mon, May 12, 2008 | | Write a comment
By Andrea Panciera    Email

BOSTON -- A former hedge fund manager from Waltham and his investment business have agreed to pay more than $1 million to settle an insider......

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RI gas, home heating oil hits new highs

10:11 AM Mon, May 12, 2008 | | Comments (2)
By John Kostrzewa    Email

Gasoline prices in Rhode Island jumped 13 cents in the last week, setting another record high. The average price yesterday was $3.739 a gallon, according......

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Amgen spent $2.5 million on federal lobbying

9:25 AM Mon, May 12, 2008 | | Write a comment
By John Kostrzewa    Email

Amgen Inc., the biotech drugmaker that runs a plant that manufactures Enbrel in West Greenwich, spent $2.5 million lobbying the federal government in the first......

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Hasbro, Wal-Mart share gains beat S&P 500

8:46 AM Mon, May 12, 2008 | | Write a comment
By John Kostrzewa    Email

Wal-Mart Stores Inc. and Hasbro Inc., which rely on Americans' disposable income, surged more than 15 percent in New York Stock Exchange trading since mid-January......

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Sovereign plans to raise fresh capital

8:41 AM Mon, May 12, 2008 | | Write a comment
By John Kostrzewa    Email

Sovereign Bancorp Inc., the Pennsylvania-based savings and loan that is one of the biggest banks in Rhode Island, plans to raise about $1.5 billion in......

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Brown University focus of magazine, Web site plans

8:27 AM Mon, May 12, 2008 | | Write a comment
By John Kostrzewa    Email

Brown University is among the Ivy League schools that are targeted as sites for a new type of magazine, social networking and event sponsorship site.......

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