 | . . , 2011 RI education leader pushes for new nursing school
A Rhode Island higher education leader says building a new nursing school in Providence would address a looming shortage while boosting the life science industry. The proposed building would be shared by the University of Rhode Island and Rhode Island College and would be located in or near former Interstate 195 corridor. Officials have dubbed the area the ‘‘Knowledge District’’ and hope to make it a life-science hub. Former Brookstone CEO named Sears chief merchandising officer
Sears Holdings Corp. named former Brookstone Inc. executive Ron Boire chief merchandising officer to revamp its retail experience as the largest U.S. department store chain works to revive sales. Brookstone, a specialty retailer, is based in Merrimack, New Hampshire. Boire, 50, will lead merchandising for both Sears and Kmart, the Hoffman Estates, Illinois-based company said today in a statement. Mass. gas rises for second week in a row
Massachusetts gas prices rose again last week, starting the new year 5 cents higher, AAA Southern New England said today. AAA’s weekly survey found self-serve regular gasoline selling for an average of $3.29 a gallon. That’s 8 cents above the average price two weeks ago. The price is 2 cents above the national average, and 26 cents higher than the price of gas a year ago in Massachusetts. Mass. certifies two health insurance purchasing cooperatives
The state Division of Insurance this morning said it has certified two organizations as its first group purchasing cooperatives, in an effort to give small businesses and individuals more options for saving on health insurance by banding together to buy coverage. Certified as group purchasing cooperatives, effective Jan. 1, were the Retailers Association of Massachusetts and the Massachusetts Association of Chambers of Commerce Executives. Aveo announces positive test results for kidney cancer drug
AVEO Pharmaceuticals, Inc., based in Cambridge, and Astellas Pharma Inc., headquartered in Tokyo, Japan, today announced that the drug tivozanib demonstrated superiority in a clinical trial on 517 patients with advanced renal cell carcinoma. Based on the new data, AVEO and Astellas currently plan to submit for marketing approval of tivozanib in the United States and Europe in 2012, subject to final collection and analyses of all available data from the trial. Raytheon lands 2 radar deals
The Raytheon Company, based in Waltham, announced two radar contracts at the end of last week. In the first, the Missile Defense Agency is awarding Raytheon a contract to provide two AN/TPY-2 radars to the U.S. Army as the radar component to the Terminal High Altitude Area Defense missile defense system. The contract is for $363.9 million. In the second deal, Raytheon will provide the same AN/TPY-2 radars, plus associated spares, training and other services through 2018, to the United Arab Emirates as the radar component to the Terminal High Altitude Area Defense missile defense system. This contract is for $582.5 million. Brookline Bancorp completes acquisition of Bancorp Rhode Island
Brookline Bancorp, Inc. today announced that it has completed its acquisition of Bancorp Rhode Island, Inc., a $1.6 billion bank holding company based in Providence, Rhode Island. Bancorp Rhode Island’s bank subsidiary, Bank Rhode Island, will continue to operate as a subsidiary of Brookline Bancorp and has 17 branch locations throughout Rhode Island. The total consideration paid by Brookline Bancorp is comprised of approximately 10.9 million shares of common stock and $112.9 million in cash. iCAD completes $15 million financing
iCAD, Inc., a provider of advanced image analysis, workflow solutions and radiation therapy for the early identification and treatment of cancer, today announced that it has entered into a five year, $15 million debt facility agreement with Deerfield Management Company LP, a healthcare investment fund. Federal regulators fine former Butler Bank Chief John H. Pearson after bank failure
Federal banking regulators have sanctioned the former chief executive of Butler Bank in Lowell, which failed last year. The Federal Deposit Insurance Corp. ordered John H. Pearson Jr., who resigned as CEO of the bank in 2008, to pay a fine of $225,000 and banned him from the industry for unsound banking practices, breaching his fiduciary duty, or other violations of banking rules. Pilgrim nuclear plant back online after shutdown
Entergy Corp. says its Pilgrim nuclear power plant in Plymouth, Mass., has resumed generating electricity after a small leak of radioactive steam in a safety relief valve forced officials to shut it down. The plant began generating about 20 percent of its power Friday afternoon. The output is being gradually raised back to full capacity over the weekend. Vermont company uses coffee to brew energy
Wynntryst, LLC, an energy solutions company based in South Burlington, Vermont, is working with the Energy & Environmental Research Center at the University of North Dakota to develop a gasification power system that utilizes the waste from a coffee-processing plant to produce energy. The project specifically focuses on the waste from the Green Mountain Coffee Roasters, Inc. plant, a Wynntryst client based in Waterbury, Vermont best known for its Keurig brand of individual coffee cups. |
