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Orders for U.S. business equipment fell in February for the second time in three months, signaling corporate investment will be slow to gain momentum following an unusually harsh winter that put a damper on demand. more
Looking to expand its capabilities and markets, Nortek has agreed to pay about $260 million in cash for the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly-owned subsidiary of ABB Ltd., an international power and automation manufacturer. more
(Updated, 12:13 p.m.) Tiffany & Co., the world’s second-largest luxury jewelry retailer, posted fourth-quarter profit that trailed analysts’ estimates and forecast profit for this year that also fell short as store and labor costs rose. more
The Providence-Fall River-Warwick metro area saw a 1 percent increase in construction employment from January 2013 to January 2014, according to The Associated General Contractors of America monthly jobs report released Thursday. more
Astro-Med Inc., maker of specialty printers and data-acquisition systems, posted full-year fiscal 2014 net income of $3.2 million, or 42 cents per diluted share, a decline of 70.2 percent compared with fiscal 2013 reported net income of $10.8 million, or $1.44 per diluted share. more
Manufacturing is making a comeback throughout the region, with Rhode Island in 2013 posting its first year-over-year increase in employment in the industry in 13 years, according to a report released March 17 by the Rhode Island Manufacturers Register. more
Gov. Lincoln D. Chafee and the Quonset Development Corporation announced Tuesday that international food manufacturer Greencore USA has entered a new 50-year lease at Quonset Business Park and will employ as many as 393 people at the facility it plans to build there. more
Rhode Island gained 1,045 manufacturing jobs between December 2012 and December 2013, the first time in 13 years that the state posted an increase in manufacturing employment, according to a report released Monday by the Rhode Island Manufacturers Register. more
Gasoline prices climbed 3 cents in Rhode Island this week, while prices dropped a penny in Massachusetts, ending five consecutive weeks of rising prices there, according to the weekly survey by AAA Southern New England. more
Confidence among U.S. homebuilders rose less than forecast in March, a sign the industry may take time to pick up after inclement weather damped activity earlier in the year. more
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