Capital Goods
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On the 2014 Fortune 500 list of the largest U.S. corporations, released last week, CVS Caremark Corp. inched upward to No. 12 from No. 13 on the 2013 list. Also making the Fortune 500 again were Textron Inc. (No. 228) and United Natural Foods Inc. (No. 427). more
The U.S. Department of Labor’s Employment and Training Administration has awarded a $2.5 million grant for advanced manufacturing initiatives to the Community College of Rhode Island. more
Nine months after launching its service connecting passengers to drivers of luxury cars in Providence, San Francisco-based Uber announced Friday it will expand its Rhode Island footprint to include Newport and Narragansett. more
General Motors Co., Ford Motor Co., Chrysler Group LLC and Nissan Motor Co. all reported U.S. sales that exceeded analysts’ estimates in May. GM and Chrysler said industrywide sales were stronger than projected. more
The cost of regular, unleaded gasoline in Rhode Island held steady from last week’s rate, but the state’s consumers are still paying four cents more for than the national average of $3.67 and three cents more than Massachusetts drivers, according to AAA Southern New England’s weekly survey. more
South Korea’s military is buying one of the top anti-armor weapons developed by the Pentagon, a Textron Inc. system designed to destroy tanks and vehicles. more
Exports from Rhode Island climbed 10.5 percent in March compared with the previous month, ending three consecutive months of export declines, according to an e-forecasting.com report released May 27. more
The Providence-Fall River-Warwick metro area added 900 construction jobs over the year ended in April, an increase of 5 percent that earned the region a spot at No. 122 in a ranking of U.S. metro areas in terms of year-over-year net employment gain, according to the Associated General Contractors of America jobs report released Tuesday. more
The average price of gasoline rose a penny in Rhode Island and was unchanged in Massachusetts this week, reversing two weeks of price declines in both states, according to the weekly survey by AAA Southern New England. more
Orders for durable goods unexpectedly climbed for a third month in April, a sign U.S. factories will help the world’s biggest economy strengthen. more
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