Projo Biz Blog

June 15, 2008 - June 21, 2008 Archives


Court rules in labor case

9:21 AM Fri, Jun 20, 2008 | | Comments (1)
By John Kostrzewa    Email

The U.S. Supreme Court ruled federal labor law pre-empted a California law that limited many employers from speaking to their employees about union-related issues. The California law, enacted in 2000, restricted companies that received state grants, contracts or reimbursements from......

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R.I. AG, Fall River oppose extension for Weaver's Cove

5:41 PM Thu, Jun 19, 2008 | | Write a comment
By Tim Barmann    Email

Officials in Rhode Island and Massachusetts told federal regulators this afternoon that they oppose a five-year extension sought by the company that wants to build a liquefied natural gas terminal in Fall River. With time running out, Weaver’s Cove Energy......

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Beacon Mutual to lower premiums rates by 7.2 percent

3:51 PM Thu, Jun 19, 2008 | | Write a comment
By Tim Barmann    Email

The Beacon Mutual Insurance Co. said today it will lower its worker’s compensation rates by an average of 7.2 percent as of October 1. The new rate will apply to new policies or those that are renewed, the company said......

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Foreclosure notice bill facing opposition

9:59 AM Thu, Jun 19, 2008 | | Write a comment
By Lynn Arditi    Email

Legislation which would require banks to keep providing electricity, heat and running water for tenants living in foreclosed properties for a period of 30 days was held up in the House Judiciary Committee today in the wake of opposition from......

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New commission formed to boost job growth

7:32 AM Thu, Jun 19, 2008 | | Write a comment
By John Kostrzewa    Email

The General Assembly has approved legislation to create the CCRI 21st Century Workforce Commission, a cooperative effort between the Community College of Rhode Island and the Rhode Island Economic Development Corporation. - The commission will recommend specific actions to strengthen......

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Updated: State approves 8 percent Blue Cross and United rate hikes

4:21 PM Wed, Jun 18, 2008 | | Write a comment
By Paul Parker    Email

The state health insurance commissioner today approved rate hikes of about 8 percent for Blue Cross and United Healthcare, which will result in total premium increases of roughly $75 million. But that is $15 million to $20 million less than......

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Conference convenes in Providence

9:03 AM Wed, Jun 18, 2008 | | Write a comment
By John Kostrzewa    Email

About 370 college and university career development professionals and employer recruiters from Maine to Virginia convened this morning at the Biltmore Hotel in Providence at a conference to discuss trends in employer/university relationships, best practices, and student needs in a......

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RI tax workgroup set to meet

8:59 AM Wed, Jun 18, 2008 | | Comments (1)
By John Kostrzewa    Email

The first meeting of the tax policy workgroup set up by Gov. Carcieri to study the state's tax policy and structure was scheduled for this morning at the State House. The 21-member committee includes accountants and lawyers who specialize in......

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Warren company gets Army money for trucks

5:11 PM Tue, Jun 17, 2008 | | Write a comment
By Paul Parker    Email

WARREN — A Rhode Island company has received $2.5 million in federal money to develop lightweight tractor-trailer-truck cabs for the Army and for eventual civilian use. Rep. Patrick J. Kennedy announced the spending today at a ceremony on the factory......

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Pay hike for National Grid CEO

10:11 AM Tue, Jun 17, 2008 | | Comments (1)
By John Kostrzewa    Email

The pay of Steven Holliday, chief executive of National Grid Plc, the dominant electricity and natural gas provider in Rhode Island, rose 60 percent in the year ended March 31 after the London-based company bought U.S. utility KeySpan Corp. Holliday......

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Taco Bell, other restaurants bring back tomatoes

9:24 AM Tue, Jun 17, 2008 | | Write a comment
By John Kostrzewa    Email

Tomatoes are coming back on the menus at Yum Brands' restaurants, including Taco Bell. The Louisville-based fast-food company says it's starting to resupply its restaurants with tomatoes from areas that have been cleared of salmonella risk by federal health officials.......

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Fifth nuclear sub to be christened

8:40 AM Tue, Jun 17, 2008 | | Write a comment
By John Kostrzewa    Email

Workers at Electric Boat will christen the fifth submarine of the Virginia class, named New Hampshire (SSN-778), during ceremonies on Saturday at General Dynamics Electric Boat shipyard in Groton, Conn. The sponsor of the submarine is Cheryl McGuinness, of Portsmouth,......

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Capco Steel, Providence enter job-training pact

12:39 PM Mon, Jun 16, 2008 | | Comments (1)
By Andrea Panciera    Email

PROVIDENCE -- The mayor and the Capco Steel chief executive today announced a jobs-training pact between city and company aimed at Providence residents on a hiring list. Those on the list, known as First Source, are targeted for a six-month......

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Textron's stock slumps

10:28 AM Mon, Jun 16, 2008 | | Write a comment
By John Kostrzewa    Email

Stock in textron (TXT:NYSE) slumped in the first hour of trading this morning after the Providence-based company changed its second quarter earnings forecast to 93 cents to 98 cents a share from 90 cents to $1. The stock was trading......

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High fuel costs scuttle clam survey

8:43 AM Mon, Jun 16, 2008 | | Write a comment
By John Kostrzewa    Email

The National Oceanic and Atmospheric Administration has told fishermen in the Mid-Atlantic region that the 2008 Clam Survey has been cancelled because of unexpectedly high fuel costs. “Everyone is feeling the pinch of gas prices. But to cancel this survey......

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RI accounting firms to merge

8:36 AM Mon, Jun 16, 2008 | | Write a comment
By John Kostrzewa    Email

Yarlas, Kaplan, Santilli & Moran, a Providence-based accounting firm, announced this morning a merger with Richard A. Furia, CPA, a Warwick accounting firm that specializes in the construction industry. “We believe we’ll be the preeminent accounting firm for contractors,” said......

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