Capital Goods
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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
R.I. Public Transit Authority ridership totaled 19.7 million passengers in 2013, an increase of 1.25 percent over the 19.5 million passengers recorded in 2012, according to a report by the American Public Transportation Association. more
The U.S. Navy has awarded $35.8 million through two ongoing contracts with General Dynamics Electric Boat to perform advanced submarine research and develop modules for the Ohio-class replacement submarine at its facility in Quonset. more
Toymaker Hasbro Inc. was one of two New England companies recognized for corporate efforts to reduce greenhouse gasses by the U.S. Environmental Protection Agency in the third annual Climate Leadership Awards. more
The Pentagon’s proposed $495.6 billion budget for the coming fiscal year would provide $154 billion for weapons purchases and research, $25 billion less than projected a year ago, according to the Defense Department. more
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