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Industrial production climbed 0.2 percent in June, capping the strongest quarter in almost four years and indicating manufacturers are providing a bigger spark for the U.S. economy. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income climbed 27.4 percent in the second quarter to $144 million, or 51 cents per diluted share, compared with $113 million, or 40 cents per diluted share, for the same period last year. more
More than two-thirds of U.S. roadways are in need of repair and the poor condition of the nation’s transportation network results in billions in extra costs, according to a White House report. more
Gas prices dropped another 2 cents in Rhode Island this week while Massachusetts prices were unchanged, according to the weekly survey by AAA Southern New England. more
Thirty-three percent of Rhode Island’s rural roads and 25 percent of its rural bridges are in need of repair, ranking Rhode Island among the U.S. states with the highest percentage of deficient rural roadways, according to a report issued Thursday by the Trip National Transportation Research Group. more
East Greenwich entrepreneur and manufacturing industry veteran Barry Golden has purchased Gurney Engineering Corp., a 59-year-old commercial water-treatment company headquartered in Massachusetts, for an undisclosed sum. more
The national nonprofit Made in the USA Foundation has named Alex and Ani LLC among its 2014 USA Hall of Fame winners. more
The NanoSteel Co. has awarded an exclusive worldwide license to its wear-resistant steel coatings to Cleveland-based Lincoln Electric, which designs and manufactures arc-welding products, robotic welding systems, and plasma and oxy-fuel cutting equipment. more
The Pentagon paid Textron Inc.’s Bell Helicopter unit $8,123.50 each for gears that should have cost $445.06, according to a report by the Defense Department’s inspector general. more
Rhode Island’s defense industry contributed $3.75 billion to the state’s economy in 2013 and supported as many as 33,806 jobs statewide, according to a report released Tuesday by the R.I. Defense Economy Planning Commission. The defense economy generated $1.93 billion in income for Rhode Island households last year as well as $106 million in tax revenue for the state. more
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