News and Information Blog

Banneker Industries CEO a business ‘Star’

WASHINGTON – Cheryl W. Snead, left, the founder, president and CEO of North Smithfield-based Banneker Industries Inc., will receive top honors from the Women’s Business Enterprise National Council. Linda Denny, the WBNEC’s president and CEO, cited Snead’s “strategic vision, business acumen and sheer talent.”

Read more here

Local aid, pensions key to Carcieri plan

PROVIDENCE - Gov. Donald L. Carcieri tonight unveiled a mid-year state budget package that calls for a $153.89 million cut in local aid, assumes $54 million in savings from pension reforms and eliminates more than 490 vacant jobs as part of an effort to close a projected $357.4 million shortfall.

Read more here

Monster Cable settles with mini-golf company

BRISBANE, Calif., and PROVIDENCE – Monster Entertainment LLC, parent of the Monster Mini-Golf franchise operation, has announced a settlement of its nearly two-year trademark battle with Monster Cable Products Inc.

Read more here

Taco buys electronic-control maker

CRANSTON – John Hazen White Jr., president and CEO of Taco Inc., today announced that his company has acquired the assets of Innovex Technologies LLC of Lewiston, Maine. Details of the transaction were not released.

Read more here

Creating nursing homes worth living in

You can’t really understand nursing homes until you put yourself in the elders’ shoes.
The members of the Nursing Home of the Future team knew that going in, but spending whole days with residents of the Tockwotton Home, hearing their stories, watching them in their rooms, in the dining area, in exercise class, at the card table … that really opened their eyes.

Read more here

CVS a ‘family friendly’ advertiser

The Parents Television Council (PTC), a national group with 1.3 million members that advocates “family friendly” entertainment, says CVS Caremark is one of its Top 10 advertisers on network television shows that the group considers responsible programs, safe for youngsters to watch.

Read more here

City, unions set meeting in health-benefits dispute

PROVIDENCE – City officials and union leaders are headed to the bargaining table this week after a hearing in R.I. Supreme Court. At issue is who will provide administrative services for Providence’s employee health care and prescription-drug plans as of Jan. 1.

Read more here

KVH gets $3.5M order for fiber-optic gyros

MIDDLETOWN – KVH Industries Inc. (Nasdaq: KVHI) today announced a new $3.5 million order for the precision fiber-optic gyros (FOGs) it manufactures for use in remote weapon systems.

Read more here

Textron Financial Corp. to slash portfolio

PROVIDENCE - Continuing turmoil in the capital markets, said Textron Inc. Chairman, President and CEO Lewis B. Campbell, led the company to announces plans to shrink the size of its Textron Financial Corp. subsidiary by more than two-thirds.

Read more here

Law firms hurt by struggling economy

Layoffs, business closures, cost-cutting moves. No, this isn’t going to be another story about the hurting manufacturing industry. This time, it’s about lawyers.

Read more here