Thursday, April 18, 2024

TOPICS

Economic Activity

iPhone still drawing crowds at Providence Place

PROVIDENCE – Rhode Islanders are displaying a voracious appetite for the new iPhone 3G, and the Apple Store in the Providence Place mall is...

Local information sector gains jobs in June

PROVIDENCE – Rhode Island’s information sector added 100 new jobs in June, the R.I. Department of Labor and Training announced in an otherwise gloomy...

KVH 2Q profit rises 33% to record $2M

MIDDLETOWN – Mobile technology company KVH Industries Inc. (Nasdaq: KVHI) today posted a record profit of $2.0 million or 10 cents per diluted share...

Gaube to leave Landmark at year’s end

WOONSOCKET – Landmark Medical Center CEO Gary J. Gaube has announced plans to leave the hospital at the end of this year, ending a...
MICHAEL G. RILEY says he believes that many Rhode Island banks can expect more difficult times ahead. /

Five Questions With: Michael G. Riley

Michael G. Riley is a managing member of Narragansett-based Coastal Management Group LLC, a registered investment adviser. He worked on Wall Street for 25...

Norway bank owns 5% of Sovereign common shares

PHILADELPHIA – The central bank of Norway has disclosed in a U.S. regulatory filing that it owns 5 percent of the outstanding common shares...

Conn. association looks to boost confidence

FARMINGTON, Conn. – The Connecticut Bankers Association is fighting back. Responding to the recent round of negative national news stories about the financial industry, the...
CITY COUNCIL PRESIDENT Peter S. Mancini expects to see a recovery in the city’s slumping condo market in the next few years. /

Mancini: Tax-exempt land costing the city dearly

Peter S. Mancini, president of the Providence City Council, has represented Ward 14 for 18 years. The ward includes the Elmhurst and Wanskuck neighborhoods...
PROVIDENCE CITY COUNCILMAN Terrence Hassett said that rising foreclosures are leaving more empty homes for children to possibly get hurt in. Smith Hill has been hit worst by the epidemic. /

Multi-family homes in city hit hard by foreclosure

Terrence M. Hassett’s Smith Hill neighborhood, where many of Providence’s multi-family homes are, has been one of the worst hit by foreclosures in the...
A BOSTON INVESTOR purchased Blue Cross & Blue Shield’s downtown buildings, planning to lease the street-level space to retail tenants. /

BCBSRI move to bring other changes downtown

Despite the challenges that the state’s economy is facing buildings keep going up in downtown Providence, and at least one of them is starting...
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