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Susan A. Baird

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EDC spokeswoman Withers departs for BIF

PROVIDENCE – The R.I. Economic Development Corporation is losing another member of its leadership team: Melissa Withers, who today announced her resignation as the...

Reports paint R.I., Mass. as worst, <br> or best, states for small...

OAKTON, Va., and WELLESLEY, Mass. – The best of states or the worst? Rhode Island and Massachusetts are among...
EVEN IF GGP FAILS, Providence Place and many of its other high-end retail properties are likely to continue to thrive, local real estate analysts recently told PBN. The REIT also owns Silver City Galleria in Taunton and manages Swansea Mall. /

General Growth signs partial refinancing

CHICAGO – General Growth Properties Inc. (NYSE: GGP), the cash-hungry company that owns or manages Providence Place and about 200 other malls nationwide,...
DEPARTMENT STORE SALES rose 2.1% compared with October but fell 4.6% compared with a year ago, the Census Bureau said. Above, Christina Scott, right, and her mother, Judy Kurtz, shop for toys at a Super Target in Thornton, Colo. /

Retail sales fall 1.8% as gas prices plunge

WASHINGTON – U.S. retail and food-service sales last month fell 1.8 percent compared with October, extending the current retail slump to a record five...

ProvEquity, Ayala complete eTelecare tender offer

NEW YORK and MANILA, Philippines – Providence Equity Partners Inc. and Ayala Corp. last night announced the completion of their cash tender offer for...

Williams to step down as chief justice

PROVIDENCE – In a surprise move, R.I. Supreme Court Justice Frank J. Williams this afternoon announced his intention to retire effective Dec. 30. Williams,...

Foreclosures rise in R.I., fall in Mass.

IRVINE, Calif. – Rhode Island home foreclosure and default filings rose sharply last month both month-over-month and year-over-year, as Massachusetts filings declined, according to...

Common Cause/R.I. picks new executive director

PROVIDENCE – John M. Marion Jr., an educator and political scientist “with a deep knowledge of the issues and dynamics of state and national...

Star Gas posts FY 2008 loss of $13.4M

STAMFORD, Conn. – For the fiscal year ended Sept. 30, home heating-oil giant Star Gas Partners L.P. (NYSE: SGU) posted a loss of $13.4...

Fed OKs Santander purchase of Sovereign Bank

WASHINGTON – The Federal Reserve Board today granted approval to Banco Santander SA (NYSE: STD) for its pending acquisition of Wyomissing, Pa.-based Sovereign...
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