http://www.beloblog.com/ProJo_Blogs/bizblog/ en Copyright 2008 Wed, 23 Jul 2008 10:35:29 -0500 http://www.movabletype.org/?v=4.1 http://blogs.law.harvard.edu/tech/rss SAN FRANCISCO (AP) -- EMC Corp. said today its second-quarter profit climbed 13 percent, topping Wall Street's forecasts, as the data storage specialist rang up record sales despite fears that economic uncertainty is tamping down information technology spending. The Hopkinton,... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/emc-2q-profit-j.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/emc-2q-profit-j.html Wed, 23 Jul 2008 10:35:29 -0500 BOSTON (AP) -- The Massachusetts Legislature voted overwhelmingly yesterday in favor of a plan to give consumers a two-day break from the state sales tax next month. Gov. Deval Patrick has already pledged to sign the bill into law. By... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/mass-sales-tax.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/mass-sales-tax.html Wed, 23 Jul 2008 07:20:43 -0500 ST. GEORGE, Maine (AP) -- Great Eastern Mussel Farms has announced it is shutting down its business and laying off 40 full-time employees. Great Eastern, located in Tenants Harbor in midcoast Maine, was a pioneer in mussel cultivation when it... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/innovative-main.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/innovative-main.html Mon, 21 Jul 2008 15:55:00 -0500 Gary Gaube, the chief executive officer of finacially ailing Landmark Medical Center submitted his resignation this morning, according to a statement from the Woonsocket hospital. Landmark has been losing money for many years and at the end of the last... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/chief-executive.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/chief-executive.html Mon, 21 Jul 2008 11:59:28 -0500 Pawtucket-based Hasbro Inc., the maker of Monopoly and Clue board games, said second-quarter profit surged after the toymaker recorded costs a year earlier to end part of a contract with "Star Wars" director George Lucas. Net income increased to $37.5... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/hasbro-profits.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/hasbro-profits.html Mon, 21 Jul 2008 07:17:45 -0500 Fans of Starbucks coffee can rest easy as the Seattle, Wash., chain skipped over Rhode Island in a recently announced store-closure plan. Starbucks this week named the 600 stores it will close around the country and no Rhode Island locations... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/starbucks-drink.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/starbucks-drink.html Fri, 18 Jul 2008 11:28:34 -0500 A Superior Court judge said this morning he will need another week before he can name a health-care expert to help oversee financially ailing Landmark Medical Center. During a brief hearing this morning, Judge Michael A. Silverstein told a courtroom... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/judge-to-choose.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/judge-to-choose.html Thu, 17 Jul 2008 10:27:47 -0500 Quaker Fabric Corp., the Fall River furniture- upholstery manufacturer that filed under Chapter 11 last August and sold almost all the assets six weeks later, is in bankruptcy court today aiming for approval of a disclosure statement explaining the amended... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/quaker-fabric-c.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/quaker-fabric-c.html Thu, 17 Jul 2008 09:28:36 -0500 Providence-based Textron Inc. this morning reported second-quarter profit rose 21 percent on higher sales of planes, helicopters and golf carts. Profit from continuing operations climbed to $261 million, or $1.03 a share, from $215 million, or 85 cents, a year... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/textron-boosts-1.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/textron-boosts-1.html Thu, 17 Jul 2008 09:25:24 -0500 U.S. Reps. Jim Langevin (D-RI) And Patrick Kennedy (D-RI) this morning joined 19 other members of the New England Congressional Delegation to push for more home heating assistance. The delegation asked House Speaker Nancy Pelosi to endorse a boost to... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/lawmakers-push.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/lawmakers-push.html Wed, 16 Jul 2008 12:28:36 -0500 A National Grid utility rate hike goes into effect today, raising natural gas prices by 8 percent and electricity by 21.7 percent. For a typical home, that means a $9.60 increase in an average monthly gas bill and a $16.67... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/utility-rates-i.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/utility-rates-i.html Tue, 15 Jul 2008 09:06:53 -0500 Economically speaking, Rhode Island is in the midst of the "worst year" in a quarter century, according to a local index released today. After a brief uptick in April, the Current Conditions Index in May plunged back to its lowest... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/index-ri-econom.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/index-ri-econom.html Mon, 14 Jul 2008 17:32:12 -0500 A majority of New Bedford residents support a resort casino in their city, according to a new poll released this morning by the University of Massachusetts Dartmouth Center for Policy Analysis The poll of 474 New Bedford residents showed 53%... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/poll-shows-supp.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/poll-shows-supp.html Mon, 14 Jul 2008 10:58:36 -0500 RSC Equipment Rental, Inc., based in Scottsdale, Arizona, this morning said it completed the purchase of the operations and certain operating assets of American Equipment Rentals, based in Providence. Terms were not disclosed. American provides aerial equipment, forklifts and other... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/arizona-firm-bu.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/arizona-firm-bu.html Mon, 14 Jul 2008 09:12:29 -0500 Royal Ahold, NV, the Dutch food company that owns Stop & Shop, named a new chief executive officer and president for the Quincy, Mass.-based supermarket chain. Carl Schlicker, an executive with Ahold's Giant Food division in Carlisle, Penn., replaces Jose... http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/stop-shop-gets.html http://www.beloblog.com/ProJo_Blogs/bizblog/2008/07/stop-shop-gets.html Fri, 11 Jul 2008 13:56:17 -0500