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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
Toy and game maker Hasbro Inc. posted earnings of $32.1 million, or 24 cents per diluted share, during the first quarter of 2014, reversing the net loss of $6.7 million, or 5 cents per diluted share, reported during the same period last year. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income dropped 28.6 percent in the first quarter to $85 million, or 30 cents per diluted share, due in part to restructuring costs incurred by the manufacturer’s acquisition in March of Beech Holdings LLC. more
The U.S. Navy has awarded a $17.6 billion contract to General Dynamics Corp. and Newport News Shipbuilding for the next block of 10 Virginia-class submarines to be built beginning in fiscal year 2014 and continuing on to fiscal 2018. more
Construction employment in the Providence-Fall River-Warwick metro area grew 5 percent year over year last month, adding 1,100 jobs for a total of 22,200 in June, according to an Associated General Contractors of America report. more
Jewelry maker Alex and Ani LLC is replacing its chief financial officer and adding six new senior executives as part of a 250-employee national expansion, the company announced Monday. more
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
Astro-Med Inc., maker of specialty printers and data-acquisition systems, posted fiscal first-quarter net income of $1.1 million, or 14 cents per diluted share, reversing the net loss of $449,000, or six cents per diluted share, reported during the same period last year. more
Gasoline prices dropped 2 cents in Rhode Island and remained unchanged in Massachusetts this week, according to the weekly survey by AAA Southern New England. more
Rhode Island added 1,100 construction jobs between May 2013 and May 2014, an increase of 6.8 percent that ranked the state 12th in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported. more
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