Business
COMMERCE DIGEST
01:00 AM EST on Saturday, November 14, 2009
PROVIDENCE
Receiver recommends nursing-home sale
A court-appointed receiver has recommended the sale of Bannister House, a nursing facility in Providence, to BH Acquisition Inc., a nonprofit Rhode Island corporation.
Chaired by Jane A. Hayward, the board of directors of BH Acquisition has been working with the receiver, Allan M. Shine, to help Bannister House emerge from receivership and continue to operate as a nursing home serving an inner-city community. State Superior Court Judge Michael Silverstein has scheduled a hearing on the receiver’s petition on Nov. 30. .
Journal staff
RHODE ISLAND
Slight dip in prices at the gas pump
Gasoline prices dipped for the first time since mid-October, but diesel fuel showed a hefty 7-cent increase, to $2.91, over the past week, according to Friday’s weekly survey by the Rhode Island Office of Energy Resources.
The average price of self-service regular dipped 2 cents, to $2.70 per gallon. The lowest price in the survey was $2.66; the highest was $2.77. Self-service premium was as high as $3.08.
Heating oil prices in Rhode Island have remained relatively stable over the past month.
C. Eugene Emery Jr.
COMMODITIES
Dollar: In trading against major currencies yesterday in New York, the dollar ended at 89.63 Japanese yen, from Thursday’s close of 90.32 yen. The euro closed at 3:30 p.m. at $1.4893, from $1.4866.
Metals: Gold for current delivery closed at $1116.10 a troy ounce on the New York Mercantile Exchange, from Thursday’s close of $1106.00. Silver closed at $17.370 an ounce, from $17.255.
Fuels: December light, sweet crude oil fell 59 cents to $76.35 a barrel on the New York Mercantile Exchange. December heating oil lost 2.49 cents to $1.9661 a gallon.
Find up-to-date local and national business news at projo.com/business.
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