Business, Economy And Personal Finance News
PROVIDENCE – The R.I. General Assembly is faced with a number of reoccurring issues this year as the economy continues to lag. The leadership of both the House and Senate provided a glimpse of some of the challenges to come during a Wednesday luncheon for business leaders hosted by the Greater Providence Chamber of Commerce. [...]
— The mortgage loan for a shopping center near the Walmart in Flour Bluff is being auctioned online. Bidding ends at 12:10 p.m. Tuesday. The note, with a balance of $2.25 million, has a starting bid of $500,000. Officials with Auction.com, the company conducting the online sale, could not say why the note was being [...]
A major supplier to blind maker Kresta Holdings, whose vote could determine who controls the company, has admitted failing to lodge substantial shareholder notices with the company for the past 11 years. Taiwan-based Si Chuan Cheou confirmed yesterday that he held as much as 9.19 per cent of the stock for more than a year. [...]
Nomad Building Solutions has been slapped with a $4.25 million claim for damages, over delays in designing and building central facilities for Chevron’s Gorgon liquefied natural gas project. Nomad subsidiary Nomad Modular Building was awarded a $43 million contract by the Thiess Decmil Kentz joint venture in July 2009, to build kitchens and dining rooms [...]
The threat of further shocks from countries such as Italy, Portgual and Spain will hamper recovery of the European property market, according to a new report. Although London, Munich, Paris and Istanbul are set to be investment hotspots, a combination of new regulation, European austerity, the debt crisis and a weak lending market pose challenges [...]
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