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Ted Nesi

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N. Grid in rights issue; appeals PUC case

LONDON – National Grid Plc, Rhode Island’s dominant gas and electric utility, said Thursday it plans to raise $4.6 billion with a rights issue...
THE LARGEST SHARE of problem mortgages were those with borrowers at least 90 days past due on payments. (These figures are not seasonally adjusted.) /

R.I. delinquencies, foreclosures top 14%

PROVIDENCE – More than 14 percent of mortgage loans in Rhode Island were either delinquent or in foreclosure during the first quarter of this...

State law bars Central Falls bankruptcy

PROVIDENCE – Why didn’t Central Falls file for bankruptcy on Wednesday rather than get put into receivership? The short answer: Rhode Island law does not...

Bankrupt Central Falls gets receiver

(Updated, 3:05 p.m.) CENTRAL FALLS – A Superior Court judge has appointed a Pawtucket attorney as the city’s temporary receiver after its leaders voted Tuesday...

Maryland firm to map broadband in R.I.

PROVIDENCE – The R.I. Economic Development Corporation has tapped a Maryland company to help it gather and verify information on the availability of broadband...
"THERE'S A certain camaraderie that working together in a high-risk endeavor tends to bring out in people," said Nick Kishfy, co-founder of Warren-based Mojo Tech.  /

Five Questions With: Nick Kishfy

The Mojo Tech co-founder talks about the Warren company and how it resembles a startup. PBN: What do you do at Mojo Tech? KISHFY: We focus...

Cox upgrades Web speeds for R.I. users

WEST WARWICK – Cox Communications Inc. says it has given its Rhode Island customers another boost in the speed of their Internet connections. Cox said...
BANKRUPTCY FILINGS fell sharply after federal law was tightened in late 2005, but over the past year they have climbed to their highest level in more than a decade. /

Bankruptcy filings at 11-year high in R.I.

PROVIDENCE – Bankruptcy filings rose 13 percent in Rhode Island in the year ended March 31, according to the Administrative Office of the U.S....

20% of metro area’s houses ‘underwater’

PROVIDENCE – One in five homeowners with a mortgage in the Providence metropolitan area owed more than their properties were worth at the end...

ProJo ad sales drop 20%, least since 2008

PROVIDENCE – The Providence Journal’s advertising revenue dropped 19.9 percent in the first quarter compared with last year, its parent company said in a...
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