Johnston power-plant operator penalized by EPA
JOHNSTON – Ridgewood Providence Power Partners has agreed to pay an $86,876 penalty in settling a complaint filed last year by the U.S. Environmental Protection Agency against Ridgewood Providence for environmental violations at its Johnston plant. Ridgewood Providence, in further settlement of the complaint, agreed to improve its handling and storage of hazardous waste material. The plant owner also agreed to certify that the facility is in compliance with EPA standards of operation.
A.T.Cross buying C&J Jewelry
LINCOLN – A.T.Cross announced that it is buying certain assets of C&J Jewelry Co. of Providence related to the manufacture of writing instruments. Terms of the acquisition were not disclosed. According to company officials, the deal should be completed in the third quarter.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
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Network Six gets $5.25 million state contract
WARWICK – Network Six has won a $5.25 million state contact to supply the state with a computer system to combine data from several state welfare systems and the state’s child support enforcement program, the company announced. The company said it had been providing the state with computer services since 1988.
Providence Energy buys Keenan Oil
PROVIDENCE – Providence Energy Corp. announced that it had bought Keenan Oil Services of Warwick. Terms of the purchase were not disclosed. That brings Providence Energy’s residential and commercial heating oil customers in Rhode Island to 7,200, the company reported.
Textron buys U.K. gear firm
PROVIDENCE – Textron, Inc. announced that it had purchased Alstom Gears based in the United Kingdom. The company makes gears and gearboxes for the industrial, rail and marine industries from Alstom of Paris. Terms of the acquisition were not disclosed.
Ross-Simons shutting Weybosset Street store
PROVIDENCE – Ross-Simons Jewelers announced that it is closing its Weybosset Street store in preparation for the company’s location of a store in the soon to open Providence Place mall. The company announced that it was conducting a sale of its merchandise in the Weybosset Street store through July 24. A company spokesman said Ross-Simons planned to open its Providence Place store when the mall opens in August (scheduled for Aug. 20). The company has occupied the Weybosset Street location for more than 20 years. Ross-Simons also has retail stores in Barrington and Warwick, as well as an outlet store in Warwick, plus stores in Massachusetts, North Carolina, New Jersey and Maine. The company also operates a mail-order business.
Brown & Sharpe announces layoffs
NORTH KINGSTOWN – With sales declining or flat, Brown & Sharpe announced that it was laying off about 125 employees worldwide, including an unspecified number in North Kingstown. Some 425 employees work at the company’s North Kingstown plant. A company spokesperson said it hadn’t been determined precisely how many employees would be laid off here, but that it would be a small number. The company estimated the cost of the layoffs at $11 million, but said that would be largely offset by an estimated $10 million in annual savings. The company specializes in manufacturing measuring devices.
Nursing Center seeks bankruptcy protection
CENTRAL FALLS – The owners of Cartie’s Nursing Center are seeking bankruptcy protection while they try to sell the 213-bed nursing home. Cartie’s owners made the announcement after four creditors petitioned a federal bankruptcy court to order a sale of the company’s assets, according to The Providence Journal. The nursing home owners said they have yet to recover from the effects of a crippling eight-week strike last year. Wayne Farrington, head of facilities regulation for the state health department, said the nursing home is not in immediate danger of closing. He said the creditors’ filing shouldn’t have any affect on the nursing home’s operations.
London court upholds Bronson’s GTECH suit
LONDON – Virgin Group boss Richard Branson stands to collect 100,000 pounds ($157,000) in damages after Britain’s Court of Appeal upheld a judgment that he was libeled by former GTECH executive, Guy Snowden. Branson sued Snowden over allegations that he lied when he told the BBC’s Panorama programme that Snowden attempted to offer him a bribe. He also sued GTECH, which initially formed part of the Camelot consortium that holds the license to run Britain’s National Lottery until the end of September 2001. Guy Snowden left GTECH in February 1998.
