March 8th, 2012
WOONSOCKET â€” Citing surging deficits driven by deficient financial controls in the School Department, Fitch Ratings knocked down the cityâ€™s bond rating four notches Wednesday from BBB- to BB-.
The move puts the cityâ€™s $117 million portfolio of general obligation bonds in junk territory on the Fitch scale for the first time. The old rating was Fitchâ€™s lowest investment grade.
â€śUnfortunately, itâ€™s not something we didnâ€™t expect,â€ť said Mayor Leo T. Fontaine. â€śClearly the pressure from the school departmentâ€™s $10 million deficit was the last straw for Fitch.â€ť
Sutliff, Patricia P.
PASCOAG- Sutliff, Patricia P. (Holubesko), 70, of Pascoag, died Tuesday.
She was the mother of Bonnie Phillips, Michael Bonin and his wife, Christine. Grandmother of Quint and Brody and sister of June Rowan.
Patricia was a nurse at Overlook Nursing Home for 30 years before retiring. She had a special place in her heart for animals.
Funeral private. Donations in her memory to Humane Society of the US, Dept MEMIT9, 2100 L St., NW, Washington, DC 20037. For messages of condolence and complete obituary visit andersonwinfield.net
Rita A. Lecourt
WOONSOCKET- Rita A. (Lambert) Lecourt, 84 formerly of Woonsocket and a resident of The Holiday Retirement Home in Manville passed away on Thursday in The Holiday Retirement Home, Manville. She was the wife of the late Bertrand Carpenter and the late Charles F. Lecourt.
Born in Woonsocket, April 12, 1927 a daughter of the late Elzear and Julie (Mercier) Lambert, she had been a lifelong resident of Woonsocket.
Mrs. Lecourt had been employed in local textile mills until her retirement. She was a communicant of All Saints Church, Woonsocket.
WOONSOCKET â€” The company that wants to buy Landmark Medical Center is seeking to add new contingencies to the original terms of the sale to allow for the possibility that maternity and psychiatric wards could be eliminated, along with the personnel needed to run them.
Steward Health Care Systemâ€™s original asset purchase agreement, or APA, is scheduled to expire on Friday. But the parties are due back in Superior Court that morning on a motion to extend the agreement and incorporate the new terms with the potential, at least, to become dealbreakers for Steward.
Gloria M. Kane
WOONSOCKET- Gloria M. Kane, 86, of Clinton St., died Tuesday, March 6, 2012 in St. Antoine Residence, No. Smithfield.
Born in Woonsocket, she was the daughter of the late George C. and Laura (Gauthier) Kane.
Gloria worked as a social service provider for the former Woonsocket Hospital, now Landmark Hospital, until her retirement. She was a devoted parishioner of St. Charles Borromeo Church. Gloria was very proud of her Irish heritage and had a great sense of humor.
Donna M. Marshall
PASCOAG- Donna M. (Whitney) Marshall, 64, of Pascoag, passed away Monday, March 5, 2012. She was the wife of the late Anthony Marshall.
Born in Norwood, MA, she was a daughter of the late Elroy and Irene (King) Whitney.
Mrs. Marshall lived in Woonsocket for over 20 years before moving to Pascoag in 2005. She worked for Valley Transportation for 3 years, Hasbro in Pawtucket and the former Rosecraft Jewelry Co. before retiring. She was devoted to her family and touched many lives.
PAWTUCKET (AP) â€” Toy maker Hasbro on Tuesday laid off 55 employees in Rhode Island, part of a larger downsizing that comes just months after announcing an expansion into Providence, company officials said.
Company spokesman Wayne Charness said in a statement that about 170 workers are being laid off worldwide because of the â€śunderperformanceâ€ť in Hasbro's U.S. and Canadian divisions, which are under new leadership. He also cited the company's need for â€śdifferent skill setsâ€ť in its workforce.
The layoffs will affect workers in Pawtucket and Providence.
PROVIDENCE â€” As 1998 U. S. Olympic womenâ€™s hockey star and gold medallist Sara DeCosta draped runner-up medals around the necks of the Mount St. Charlesâ€™ girls, most wiped away tears.
Their disappointment was more than obvious after La Salle Academy had mustered a 2-0 victory over the Mounties at Providence Collegeâ€™s Schneider Arena on Tuesday night. With that triumph in this rubber game of the R.I. Championship Division Tournamentâ€™s best-of-three final set, the Rams had earned its first-ever title in the category, and closed its season at 16-5.
NEW YORK â€” In some ways it was an ending, as in the end of the season for Providence College. In other respects, Tuesday nightâ€™s 79-47 bludgeoning at the hands of Seton Hall in opening round of the Big East Tournament can be viewed as the official jumping-off point to the Ed Cooley era.
Cooleyâ€™s first season at PC ended in futile fashion, his club suffering a 32-point defeat that goes in the books as the largest loss margin for the Friars in their Big East tourney history. Providence has now dropped 14 of its last 16 conference tournament games.
NEW YORK â€” Wednesday morning will see the presidents and athletic directors from the Big East gather in a central location. The guest list will include party crashers in the form of representatives from the schools in line to join the league.
Wouldnâ€™t you like to be a fly in that room?
â€śI think theyâ€™ll introduce some of the new members and [league president John Marinatto] is going to give us an update to where we are on a lot of issues,â€ť Providence College athletic director Driscoll remarked. â€śIt should be a good meeting and Iâ€™m looking forward to it.â€ť