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FORMER HOUSE SPEAKER Newt Gingrich, left, presents an award to Richard Schloesser, right, president and CEO of Toray Plastics (America), and his wife, Janet. /

Toray leader honored for job growth

WASHINGTON – The chief executive of North Kingstown-based Toray Plastics (America) was honored last month as Entrepreneur of the Year from Rhode Island by...
PROVIDENCE PLACE is one of more than 200 malls owned or operated by Chicago-based General Growth Properties Inc., which filed for bankruptcy in April. /

Simon may buy ProvPlace owner’s malls

INDIANAPOLIS – Simon Property Group Inc. is exploring whether to buy some of the shopping malls owned by General Growth Properties Inc., the bankrupt...

Covidien beats forecasts, raises outlook

MANSFIELD – Covidien Plc said Tuesday its fiscal fourth-quarter profit dropped 86 percent because of charges related to a tax agreement for its former...

EDC backs new worker training center

NORTH KINGSTOWN – A new center to train workers in trades such as welding and pipe-fitting will open at Quonset Business Park next year...
ONLY 31 PERCENT of homes in the Northeast were worth more in the third quarter of this year than they were a year earlier, according to Zillow.com. /

Zillow: 61% of region’s homes lose value

PROVIDENCE – Nearly 70 percent of homes in the Northeast saw their values decline or stay the same during the third quarter compared with...
CVS CAREMARK expects to hire an outside executive to run its pharmacy-benefit management division, which has lost nearly $5 billion in contracts for 2010. /

CVS scrambling to repair PBM division

WOONSOCKET – CVS Caremark Corp. is working to shore up its ailing pharmacy-benefit management (PBM) division after the company disclosed earlier this month that...
SPECIAL COVERINGS, shown above, have been placed on parking meters in parts of the city to designate where drivers can park for free during the holidays. /

City’s free parking program starts early

PROVIDENCE – Mayor David N. Cicilline started the city’s annual free holiday parking program on Monday in an effort to give an extra boost...
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Elevator pitch contest set for Dec. 8

PROVIDENCE – An elevator ride could be just long enough to pitch a business idea to a potential backer, assuming you can detail the...
"IN THE volatile markets we've seen over the past year, my team has made it a priority to focus on existing investments that may carry unintended risk and exit those investments," said R.I. General Treasurer Frank T. Caprio. /

Caprio: R.I. avoids Calif. problems

PROVIDENCE – Officials who run the state’s pension fund say they were able to avoid the problems with a securities lending program that cost...

WashTrust honored by women’s group

WESTERLY – The Washington Trust Bancorp Inc. was recently honored by the regional businesswomen’s group, The Boston Club, for being one of the New...
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