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Benjamin N. Gedan: December 2007 Archives


Company that runs five state airports sold / Photo

11:28 AM Wed, Dec 26, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Journal photo / Steve Szydlowski North Central Airport, in Smithfield, is among those operated by Landmark Aviation Airport Services. Landmark Aviation Airport Services, the company that runs five airports in the state, has been sold. The firm's parent company,......

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Providence Journal airport coverage

12:01 PM Sun, Dec 23, 2007 | | Write a comment
By Benjamin N. Gedan    Email

For more information on the challenges facing T.F. Green Airport, here are several recent stories on the topic as well as Journal Business Editor John Kostrzewa's recent column about the proposed runway expansion: "Airport badly needs Sundlun’s tenacity," by John......

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Update: RIAC: Green runway not at fault in mishap

6:11 PM Thu, Dec 20, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The CRJ-200 that slid off the runway at Green Airport being moved off the accident site. Journal photo/ Sandor Bodo Runway conditions did not cause an Air Wisconsin jet to skid off T.F. Green's main runway last week, according......

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One step forward, one step back for CNG

10:59 AM Thu, Dec 20, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Journal photo/ Bill Murphy Advocates for compressed-natural-gas vehicles were probably thrilled to learn that the new parking operator at T.F. Green Airport, Chicago-based Standard Parking Corp., had replaced the airport shuttles with CNG-powered vehicles. But just as one state......

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TJX, banks settle litigation over massive data breach

11:26 AM Wed, Dec 19, 2007 | | Write a comment
By Benjamin N. Gedan    Email

BOSTON -- TJX Cos. and nearly all the banks and bank associations that sued the discount retailer over a massive credit card data breach said Tuesday they have settled the lawsuit for an undisclosed amount. Although both sides said the......

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Harvard dean to speak at health care forum

11:25 AM Wed, Dec 19, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The dean of social sciences at Harvard University and health care specialist will be in Rhode Island Friday to discuss group economics of health care. David Cutler, author of Your Money or Your Life: Strong Medicine for America’s Health Care......

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Airport board to discuss candidates to replace Brewer

4:31 PM Tue, Dec 18, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The Rhode Island Airport Corporation will meet tomorrow to discuss the search for a replacement for its executive director, Mark P. Brewer. Brewer is scheduled to leave T.F. Green on Friday. He has accepted a similar post at Manchester-Boston Regional......

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Fish stepping away from Citizens

3:34 PM Tue, Dec 18, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Journal photo / Bill Murphy Lawrence K. Fish speaks with business leaders at a Greater Providence Chamber of Commerce meeting last month. Lawrence K. Fish announced today that he is retiring from all "day-to-day" responsibilities at Providence-based Citizens Financial......

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FTC won't stand in way of hospital group merger in R.I.

3:21 PM Tue, Dec 18, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Lifespan and Care New England, the two hospital groups in Rhode Island, announced today that the Federal Trade Commission will not stand in the way of their plans to merge. That means that the groups have cleared the first hurdle......

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'Scrabulous,' a Facebook phenomenon

11:31 AM Tue, Dec 18, 2007 | | Write a comment
By Benjamin N. Gedan    Email

A version of Scrabble, Scrabulous, has caught on big-time on Facebook, the immensely popular social networking site. The program, based on the board game sold by Pawtucket-based toymaker Hasbro Inc., was introduced this summer. It now has more than......

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UPDATE: Textron acquires Paladin Tools

2:01 PM Mon, Dec 17, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Providence-based Textron Inc. has acquired Paladin Tools, "a provider of tools and accessories for the telecom, datacom and wiring industries," Textron announced today. "Strategically, this acquisition provides Greenlee with a complementary brand portfolio and an expanded product line," Scott Hall,......

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Ray of hope for struggling Amgen

12:52 PM Mon, Dec 17, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Amgen Inc. has high hopes for an osteoporosis drug it is testing, which analysts say may help break a downward financial spiral caused by plummeting sales of Amgen's anemia medications. On Friday, Amgen announced positive results from a phase 3......

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'Geeks' event to discuss robotics challenge

11:45 AM Mon, Dec 17, 2007 | | Write a comment
By Benjamin N. Gedan    Email

On Wednesday, the Providence Geeks, a networking organization for IT professionals, is holding its last meeting this year at AS220 on Empire Street. The topic of the "Geek Dinner" is the 2008 FIRST FTC Robotics Challenge, sponsored by the Providence......

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Green Airport faces major challenges

12:59 PM Fri, Dec 14, 2007 | | Write a comment
By Benjamin N. Gedan    Email

T.F. Green Airport is facing major challenges, as it grapples with steep declines in passenger traffic, its revenues dry up and its most important airline, Southwest, protests increases in fees. Following this issue? Look for Journal Business editor John Kostrzewa's......

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Wall Street Journal sale approved

12:15 PM Thu, Dec 13, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Dow Jones shareholders have approved the sale of the company to News Corp., according to the Associated Press. The $5-billion acquisition is expected to result in the sale of several Dow Jones-owned newspapers in New England, including the Cape Cod......

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No drop in costs from hospital merger

10:38 AM Thu, Dec 13, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Journal photo / Bill Murphy John J. Hynes, CEO of Care New England, far left, and George Vecchione, CEO of Lifespan, far right, announce the proposed merger in July. Next to Hynes are Jonathan Farnum, chairman of the board......

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State demolishing last Navy barracks at Quonset

5:17 PM Wed, Dec 12, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The Quonset Development Corporation is demolishing the last Navy barracks at the Quonset Business Park, removing buildings that housed sailors for three decades beginning before World War II. In all, the state agency has spent $5.9 million tearing down 213......

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Chamber to host talk on proposed Lifespan, Care New England merger

1:20 PM Wed, Dec 12, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The Greater Providence Chamber of Commerce is hosting a "candid" discussion of the proposed merger of Lifespan and Care New England. The event, part of the chamber's Business Over Easy Breakfast Forum, will take place tomorrow, Dec. 13, at 8......

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Shareholders Approve Dow Jones Sale

1:01 PM Wed, Dec 12, 2007 | | Write a comment
By Benjamin N. Gedan    Email

Dow Jones shareholders have approved the company's sale to News Corp., according to a count of proxy votes cast in advance of tomorrow's shareholder meeting. The Wall Street Journal, the company's flagship property, published the results on its Web site......

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Falling Dollar Could Boost U.S. Manufacturing

12:53 PM Wed, Dec 12, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The falling value of the dollar is often tossed in with other negative economic news. But lately, a silver lining seems to have emerged: foreign companies are beginning to shift manufacturing to the U.S. so that they can pay expenses......

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4 top executives out at Blue Cross & Blue Shield

12:50 PM Wed, Dec 12, 2007 | | Write a comment
By Benjamin N. Gedan    Email

There’s been a purge at Blue Cross & Blue Shield of Rhode Island. Four top executives are out – and a company spokeswoman refuses to say whether it’s connected to Operation Dollar Bill, the long-running federal corruption probe that has......

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Skepticism Over Impact of Rate Cuts

5:18 PM Tue, Dec 11, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The Fed hopes today's rate cut will spur consumer spending and help what it called the "the deterioration in financial market conditions." Following its announcement, Providence-based Citizens Bank lowered its prime lending rate by a quarter-point, to 7.25 percent from......

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After fire, Motiva reopens berth at Providence terminal

3:14 PM Mon, Dec 10, 2007 | | Write a comment
By Benjamin N. Gedan    Email

PROVIDENCE -- More than a year after massive fire damaged its pier, Motiva Enterprises is reopening the south berth at its terminal. The tanker New England arrived this morning. The tanker docked at Motiva’s new berth and will off-load 2.3-million......

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Wave energy also has critics

10:43 AM Mon, Dec 10, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The possibility of protests over off-shore wind turbines is well known to anyone who has followed the tortured path of the Cape Wind proposal. Now, it seems that so-called wave farms, such as the one being promoted by an Australian......

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GTECH Center Gets First Office Tenant

9:51 AM Fri, Dec 07, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The Koffler Group, a real estate developer and property manager, has moved into the GTECH Center, the first tenant for the office space on the ninth and tenth floors. In all, about 57,000 square feet of office space has sat......

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Whitehouse Calls for End to Internet Hunting

11:26 AM Thu, Dec 06, 2007 | | Write a comment
By Benjamin N. Gedan    Email

U.S. Sen. Sheldon Whitehouse has introduced legislation to ban Internet hunting, according to The Humane Society of the United States. The Computer-Assisted Remote Hunting Act would prevent the operation of Web sites that allow people to shoot live animals remotely,......

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Study: Alexion's Drug Shows Positive Results

10:43 AM Thu, Dec 06, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The drug Alexion Pharmaceuticals plans to produce in Smithfield reduced the destruction of red blood cells and improved fatigue, quality of life and anemia in patients with paroxysmal nocturnal hemoglobinuria (PNH), according to an analysis of the Phase III SHEPHERD......

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Home car washing drying up

9:57 AM Wed, Dec 05, 2007 | | Write a comment
By Benjamin N. Gedan    Email

The Wall Street Journal has an interesting report on campaigns to stop home car washing: http://online.wsj.com/article/SB119673690719012753.html. The argument: environmentalists say the sudsy runoff is toxic for local waterways, and it's a big waste of water. So, are Rhode Island car......

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Textron promotes Providence-based Exec

3:55 PM Tue, Dec 04, 2007 | | Write a comment
By Benjamin N. Gedan