Capital Goods
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New England Construction has announced the promotion of Matt Sluter, son of founder and CEO David Sluter, to the position of company president as part of the firm’s transition to the next generation of family-owned leadership. more
Factory production increased in July at the fastest pace in five months as capital spending climbed and motor vehicle demand surged, indicating the industry is helping propel the U.S. economy. more
Sensata Technologies Holding NV plans to buy Schrader International Inc. from Madison Dearborn Partners LLC for an enterprise value of $1 billion to expand in sensors that warn against low tire pressure. more
Gasoline prices dropped 4 cents in Rhode Island this week and 3 cents in Massachusetts, according to the weekly survey by AAA Southern New England. more
Home construction rebounded in July and the cost of living rose at a slower pace, showing a strengthening U.S. economy has yet to generate a sustained pickup in inflation. more
Construction companies in Rhode Island added 700 construction jobs in July compared with the same month last year, an increase of 4.3 percent that ranked the state 20th in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported Monday. more
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