Tuesday, April 23, 2024

TOPICS

Economic Activity

JIM RYCZEK, executive director of the Rhode Island Coalition for the Homeless, said the state is witnessing the highest levels of child homelessness in its history. /

Neighborhood Opportunities Program crucial for homeless

Rhode Island Coalition for the Homeless, a nonprofit advocacy group, earlier this month led about 300 people on a march from Kennedy Plaza to...

AAA: Gas prices up slightly in R.I., Mass.

PROVIDENCE — The average price of gasoline rose by a penny in Rhode Island and by three cents in Massachusetts last week, AAA Southern...

Hotel, restaurant revenue down in Feb.

PROVIDENCE — The recession continued to hurt the state’s hospitality industry in February, state tax collection figures show. Meal and beverage tax collections in Rhode...

Market frowns on BofA despite big profit

CHARLOTTE, N.C. — Bank of America today said its profit more than tripled in the first quarter on gains from trading and home refinancing,...
STEVE MARRA, left, and Bill Pinelli, of Pinelli Marra Restaurant Group, are 
confident people will continue dining out. /

Eateries count on customer loyalty

As Rhode Island was slipping into recession a year and a half ago, Providence restaurateur Gianfranco Marrocco took a close look at customer trends...
HASBRO BLAMED THE FALLING DOLLAR in part for lower overseas revenue, but described itself as well-positioned for the rest of the year. /

Hasbro profit drops 47% as toy sales fall

PAWTUCKET — Hasbro Inc. today said its profit in the first three months of the year plunged 47 percent compared with a year earlier,...

Providence sees home prices drop by half

SHELTON, Conn. – In Providence, the median price for a single-family home was halved in the first quarter of 2009 compared with the same...
CLEAR CHANNEL COMMUNICATIONS, which owns four local radio stations (above), has warned that its quarterly revenue dropped by nearly a fourth in the first three months of this year. /

Clear Channel revenue drops 23% in Q1

SAN ANTONIO — First-quarter revenue was down 23 percent compared with a year earlier at CC Media Holdings Inc., the parent of broadcasting and...
JOHN HAZEN WHITE JR., president of Taco Inc., says that his company has been utilizing the state’s WorkShare program this year to stay afloat. /

Managing inventory key to survival

In a recession, local manufacturers are finding that their survival now more than ever depends on their ability to control inventory costs. At a...
MAKING ROOM: Jeffrey T. Karam, vice president of First Bristol Corporation, shows off the new Hampton Inn & Suites Providence Downtown, which has a 1,200-square-foot function room on the top floor. /

Hotels competing on package deals

Despite having led multiple tours of the new Hampton Inn & Suites Providence Downtown in just a few days, Jeffrey T. Karam still stopped...
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