Economy

CPA gets 1 year in prison, loses license,<br> for filing false...

Business Services 05/11/2007

PROVIDENCE – Irving Kalmer of Smithfield has been sentenced to 12 months in prison for filing four years of false tax returns in which...

Newport Hospital ranked among nation’s safest

Government 05/11/2007

NEWPORT – Newport Hospital today announced it has been named a Distinguished Hospital for Patient Safety by HealthGrades. It is the only local hospital...

THE ROLO BUILDING has been vacant for years though its lot has been used by JWU for staff and faculty parking. /

JWU plans student center<br> in Rolo Building

Economic Activity 05/11/2007

PROVIDENCE – Johnson & Wales University has hired Boston-based ARC/Architectural Resources Cambridge to design a 30,000-square-foot student services center in a two-story building that...

Davol breaks ground on future home in Warwick

Capital Goods 05/11/2007

Davol Inc. of Cranston today broke ground for a 120,000-square-foot headquarters building at at 100 Crossings Blvd., Warwick. The 11 a.m. ceremony was attended...

U.S. MANUFACTURERS held the line on prices in April, despite rising materials and energy costs. Above, Craig O'Bryant grinds down the corner of a fuse box, preparing it for installation in a motor coach, at the Marathon Coach Inc. factory in Coburn, Ore. /

Producer prices rise 0.7% in April

Capital Goods 05/11/2007

WASHINGTON – The Producer Price Index for Finished Goods, a measure of wholesale prices, rose a seasonally adjusted 0.7 percent in April, fueled by...

Lighthouse wins IBM business award

Business Services 05/10/2007

LINCOLN – Lighthouse Computer Services Inc. today announced it has been honored with the 2006 IBM Business Leadership Award. Lighthouse accepted at the recent...

URI to receive $1.52M in Sea Grant funding

Capital Goods 05/10/2007

WASHINGTON – The University of Rhode Island will receive $1.52 million from the National Oceanic and Atmospheric Administration’s Sea Grant college program to continue...

Bank of England raises rates; ECB stands pat

Economic Activity 05/10/2007

The European Central Bank left interest rates unchanged today, after raising them seven times in the past year and a half, according to Bloomberg...

TARGET CORP. beat expectations with an April sales decline of 6.1 percent as last month's chilly weather, high gas prices and early Easter left retailers reeling. Above, Thad Radel shops yesterday at a Target store in St. Louis Park, Minn. /

ICSC: Retail sales plunge 2.3% in April

Economic Activity 05/10/2007

NEW YORK – U.S. retailers posted their biggest sales decline on record in April, lagging already-reduced store and analyst estimates, according to an International...