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Susan A. Baird

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Towerstream posts record sales in ’08

MIDDLETOWN – WiMax provider Towerstream Corp. (Nasdaq: TWER) saw its net loss widen last year to $13.38 million, a 57.34 percent increase from its...

Northeast Engineers to acquire R.I. Wind

MIDDLETOWN – SGE / Northeast Engineers & Consultants Inc. today announced it has signed a definitive agreement to acquire two-year-old Rhode Island Wind and...
GEORGE A. VECCHIONE, president and CEO of the health care network, will see an effective cut of 26%, the memo said. It cited the raise he skipped on Jan. 1, the permanent benefit cuts he accepted Jan. 1 and a new reduction that trims his base pay by 10%. /

Lifespan to freeze pay, trim benefits

PROVIDENCE – A pay freeze for all Lifespan employees, cutbacks in education and training benefits and the elimination of the nonprofit health care system’s...

URI chemist invents new process

KINGSTON – University of Rhode Island organic chemist Brenton DeBoef has been awarded a $550,000 National Science Foundation grant to further develop his new...

APC to idle 75 workers, transfer 25

SOUTH KINGSTOWN – APC by Schneider Electric plans to eliminate about 75 jobs at its manufacturing facilities in Rhode Island and transfer another 25,...

General Growth in deals with lenders

CHICAGO – Mall owner General Growth Properties (NYSE: GGP) last night announced agreements with its lenders. The real estate investment trust (REIT) said its administrative...

N.E. Tech plans 123kW wind, solar farm

WARWICK – New England Institute of Technology today announced plans for wind and solar energy projects, at its Access Road campus along Interstate 95,...
NEWPORT GRAND saw net income from its gaming terminals  fall for a fourth straight year, despite the opening last summer of a 22,000 non-smoking VLT and virtual blackjack parlor in its former jai-alai fronton. /

A bad year for local gambling venues

DARTMOUTH – Twin River saw its gambling revenue increase over the past year, defying the trend at most of the region’s casinos and slot...

Coty to lease 5,500 sq. ft. in Cumberland

CUMBERLAND – The Economic Development Foundation of Rhode Island Inc. today announced that global beauty-products company Coty Inc. has signed a lease on 5,500...

R.I. economic decline slows in January

KINGSTON – “Rhode Island started 2009 with two bits of good news,” University of Rhode Island economist Leonard Lardaro wrote in his monthly economic...
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