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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
Textron Inc. on Friday completed the acquisition of Beech Holdings LLC, parent company of Witchita, Kan.-based planemaker Beechcraft Corp. Textron’s Cessna business and Beechcraft will form a new segment within the company called Textron Aviation. more
Alex and Ani LLC CEO Giovanni Feroce has left the company, according to a release issued Thursday afternoon, leaving founder and creative director Carolyn Rafaelian to assume the role of interim CEO while the board of directors conducts a search for a replacement. more
Penmaker A.T. Cross Co. on Tuesday introduced the Century Copper Pen, the world’s first pen made with CuVerro antimicrobial copper manufactured by Kentucky-based metals supplier Olin Brass. more
Nortek Inc. posted a loss of $8.3 million for 2013, compared with profit of $9.5 million a year earlier. The maker of home and office security solutions, ventilation and air management products, and heating and cooling systems embarked on a dual-focused investment strategy to improve its supply chain operations while growing its top line. more
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