Providence Equity buying Clear Channel TV group
SAN ANTONIO and PROVIDENCE – Clear Channel Communications Inc. (NYSE: CCU) has agreed to sell its television group to Providence Equity Partners Inc. for...
Qwest ex-CEO found guilty of insider trading
DENVER – Former Qwest Communications International CEO Joseph Nacchio’s conviction yesterday on insider-trading charges hinged on a misleading conference call, according to Bloomberg News....
E.U. ministers say euro doesn’t hurt growth
BERLIN – The euro’s two-year high against the dollar is not hurting the economies of Europe, euro-zone finance ministers said today.
“The euro appreciated...
Pet-food recall spreads as deadly chemical<br> is found in another ingredient
The nationwide pet food recall was expanded yesterday after U.S. health officials found melamine in a rice-protein concentrate imported from China, Bloomberg News said.
Melamine...
R.I. to get $600,000 for homeless veterans
PROVIDENCE – A $614,882 grant from the federal government will help the Gateway to Independence Program at Nickerson Community Center expand its services for...
FM Global headquarters acquired by a REIT
NEW YORK – Capital Lease Funding Inc. (NYSE: LSE) yesterday announced it has completed the acquisition of 18 properties, including the Johnston headquarters of...
R.I. jobless rate hits 4.5-year low
CRANSTON – Rhode Island’s seasonally adjusted unemployment rate fell to 4.2 percent in March from February’s 4.4 percent, bettering the U.S. rate for the...
J.D. Power: CVS/Caremark ranks high <br> in retail and mail-order customer service
WOONSOCKET – CVS/Caremark Corp. ranked No. 1 among mail-order pharmacy businesses and No. 2 among retail pharmacy chains in the J.D. Power and Associates...
U.S. leading indicators rise 0.1%
The U.S. index of leading indicators edged up 0.1 percent in March to 137.4 points (1996 = 100), after declining 0.6 percent in February...
Textron 1Q profit rises 16.7% to $196M
PROVIDENCE – Textron Inc. (NYSE: TXT) today said its first-quarter profit rose 16.7 percent, to $196 million, on revenue that rose 12.6 percent to...
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