Business

Economy
6:23 am
Thu January 6, 2011

Shaw's to close 2 RI stores

PROVIDENCE, R.I. – A couple Rhode Island grocery stores are about to close. Shaw's has announced it's closing five stores: three in Massachusetts and two in Rhode Island.


The Rhode Island stores affected are in Warwick and Johnston. The Massachusetts locations are New Bedford, Stoneham and Revere.

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Economy
5:03 am
Wed December 29, 2010

Countdown to Cup?

Photo courtesy of Daniel Forster.

PROVIDENCE, R.I. – Supporters of a push to bring the America's Cup sailing race back to Newport say a new study shows the international competition could have a $1.1 billion impact on the state. The announcement came Wednesday, two days before the deadline to select the next host city for the final leg of the race in 2013.

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Economy
6:28 am
Fri December 17, 2010

Chafee meets with team on America's Cup location

PROVIDENCE, R.I. – A spokesman for Rhode Island Gov.-elect Lincoln Chafee says Chafee and representatives of the Golden Gate Yacht Club all agree that Newport is the "natural home for the America's Cup."


Chafee met privately Thursday with team representatives and with Keith Stokes, head of the state's Economic Development Corp.

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Economy
6:43 am
Thu December 16, 2010

Council of Churches rallies RI to support homeless

PROVIDENCE, R.I. – Faith leaders in the state are calling on the religious community, businesses and philanthropists to help address what they say is a shortfall in the number of beds available at emergency shelters.


Rev. Don Anderson, of the State Council of Churches, says people of faith should make donation at their local place of worship or to the Rhode Island Coalition for the Homeless.

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Economy
6:55 am
Thu December 9, 2010

State and federal officials discuss Deepwater Wind plan

PROVIDENCE, R.I. – The head of the state's Coastal Resources Management Council said he will make sure fishermen are treated fairly as Deepwater Wind rolls out its proposal for 200 turbines off the Rhode Island, Massachusetts coast. State and federal officials meet Friday to discuss the plan.

Deepwater Wind wants to put 200 turbines 20 miles off the coast to provide electricity for the northeast. Coastal Resources Management Council Executive Director Grover Fugate said he wishes Deepwater Wind had started with smaller projects.

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Economy
11:37 am
Mon December 6, 2010

Gas prices up for fifth straight week

PROVIDENCE, R.I. – Gas prices in Rhode Island have climbed for the fifth straight week to an average $3.06 per gallon for regular unleaded.


AAA Southern new England says in its weekly survey released Monday that the price of a gallon of gas rose two cents from last week.


Since this time last year, prices have risen 39 cents a gallon, up nearly 15 percent.


AAA says prices in Rhode Island are 11 cents above the national average of $2.95 per gallon.

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Economy
9:11 am
Mon December 6, 2010

Rail service rolls into Warwick

PROVIDENCE, R.I. – Years of planning and construction will become reality today with the start of commuter rail service from Warwick to Providence and on to Boston.

Rhode Island's two United States senators will join Governor Carcieri in a special train ride from Providence to Warwick this morning. When the train pulls up to the new intermodal facility at T.F. Green Airport the Pilgrim High School marching band will be playing.

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Economy
7:00 am
Mon December 6, 2010

Pawtucket River Bridge construction prompts road closures

PROVIDENCE, R.I. – Remember all the detours caused by the Iway project? Well, something similar is about to start in Pawtucket.


A portion of Taft Street will be closed today in Pawtucket, the first of many road closures prompted by the replacement of the Pawtucket River Bridge. This section of road will remain closed for approximately three years.

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Economy
8:02 am
Tue November 30, 2010

Natural oysters up in RI waters

PROVIDENCE, R.I. – At Roger Williams University in Bristol, water rushes into a bathtub-sized tank on a dock at Mount Hope Bay. Dale Leavitt, an associate professor of marine biology, removes a cover revealing quahogs and oysters.

"If you look in here, these are all baby oysters that we've reared up this summer," Leavitt says. "We like to think of them as about the size of a quarter."

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Economy
6:53 am
Mon November 22, 2010

In RI, 1 in 7 food insecure

Photo by Theilr via Flick Creative Commons.

PROVIDENCE, R.I. – One in every seven Rhode Islanders is food insecure and a record number are relying on food pantries to put food on the table. That, according to the Rhode Island Community Food Bank's annual report which will be released later today.


The number of people using food pantries for assistance has risen by 17,000 a month since the Recession began three years ago. Food bank CEO Andrew Schiff says the current pace of nearly 10 million pounds a year is unsustainable.

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