Business

Business
11:27 am
Tue August 5, 2014

CVS 2nd Qtr. Results Up Thanks To Specialty Drugs, MinuteClinics

CVS has opened more than 30 MinuteClinics over the past few months, with 150 more planned by year's end.
Credit CVS Health

Second quarter financial results from the Woonsocket-based pharmacy chain CVS Caremark have beat analyst expectations. That’s due in part to new specialty pharmacy business and the opening of more in-store clinics.

Read more
Local Features
5:50 pm
Fri August 1, 2014

The Bottom Line: Tourism Dollars Flowing In RI

Rhode  Island hotels and restaurants are doing more  business lately. And that's good news for their businesses and state coffers.

That's the subject of this week's Bottom Line. The Providence and Warwick Visitors Bureau's Martha Sheridan joins Rhode Island Public Radio's Dave Fallon, along with Providence Business News editor Mark Murphy to do the numbers.

When to Listen

You can hear The Bottom Line each Friday at 5:50 pm.

Read more
The Bottom Line
2:39 pm
Fri July 11, 2014

The Bottom Line: Feroce Moves From Alex + Ani To BENRUS

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Dave and Mark talk with Giovanni Feroce formerly of Alex + Ani and now starting a new lifestyle product line by reviving the BENRUS brand. They discuss the new product line: how it was started, its immediate future and the potential for manufacturing products in Rhode Island.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

Read more
Business
1:47 pm
Tue July 8, 2014

Defense Sector Represents 7.1% of RI GDP

Electric Boat plans to double its workforce by 2028 to build a new class of submarines.
Credit File / RIPR

A new report finds defense workers are being paid the highest wages in Rhode Island. The state’s Defense Economy Planning Commission released the report, which focused on the industry’s economic impact last year.

It finds there are 16,000 defense workers in the state. Commission co-chair Senator Louis DiPalma said those jobs support other jobs.  “The 1.5 multiplier. So for every one job, there’s 1.5 additional jobs that can be multiplied by that. That’s a big deal,” said DiPalma.

Read more
The Bottom Line
1:39 pm
Fri June 27, 2014

The Bottom Line: When Historic Tax Credits Are Off The Table

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Dave and Mark talk with Grow Smart Rhode Island Executive Director Scott Wolf. They discuss the future of the historic tax credit and how projects waiting in the wings may never come to fruition.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

Read more
Local Features
5:50 pm
Fri June 20, 2014

The Bottom Line: Where Can RIPTA Take You This Summer?

It's nearly summer, and that means changes are coming to RIPTA schedules - including a new "super route" and summer beach routes.

On this week's Bottom Line, Rhode Island Public Transit Authority's Amy Pettine joins host Dave Fallon to sort out what's new, what's changed, and what's gone from the summer schedules.

When to Listen

You can hear The Bottom Line each Friday at 5:50 pm.

Read more
Business
2:42 pm
Mon June 16, 2014

Alex And Ani To Add 250 Jobs; New Leadership Named

Rhode Island retailer Alex and Ani has announced a new management team and a major expansion.

The jewelry maker says it expects to add 250 jobs over the next six months. Those jobs would be spread across the corporate and retail levels.

Alex and Ani also announced the addition of several new executives to its management team. Jayne Fitzpatrick-Conway has been named Chief Financial Officer. And the company added several new leadership positions, including heads of ecommerce, information technology, and marketing.

The Bottom Line
4:26 pm
Fri June 13, 2014

The Bottom Line: What Lured Woody Allen To Rhode Island?

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Dave and Mark talk with Steven Feinberg, executive director of the Rhode Island Film and TV Office. They start the conversation with more details about the Woody Allen movie shooting in the state next month, what it takes to lure a production like that too Rhode Island and whether the state’s tax credit program is competitive.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

Read more
Business
1:55 pm
Thu June 12, 2014

New $6M In Federal Funding For TF Green Runway Expansion

The FAA funding will expand TF Green's main runway to 8,700 feet. That's long enough to accommodate the larger jets that fly non-stop to the west coast.
Credit File / RIPR

Federal dollars are heading to Warwick to relocate ball fields as part of TF Green’s runway expansion.

The ball fields at Winslow Park need to be moved so the airport can extend the main runway by a little more than 1,500 feet. That extra stretch of runway will allow for the larger, heavier planes that fly coast to coast and overseas.

The runway expansion has been controversial, with opponents concerned about the effects of noise and air pollution from the larger jets on residents and nearby school children.

Read more
The Bottom Line
4:45 pm
Fri June 6, 2014

The Bottom Line: Flexibility Key To Success At Blount Fine Foods

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Dave and Mark talk with Todd Blount, president of Blount Fine Foods located in Warren, RI and Fall River, MA. They discuss how the company found itself expanding during the recession, how to anticipate public tastes, and the effects of technology on production and employee skills.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

Read more

Pages