Capital Goods
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Hasbro Inc. will pay $72.9 million in royalties to Johnson Research & Development Co., the licensor of the toymaker’s line of Nerf guns, after an arbitration hearing over the terms of a license agreement between the two companies. 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
Rhode Island has won a $100,000 federal grant to help build a manufacturing and design center in the state, Gov. Lincoln D. Chafee and members of the state congressional delegation said Wednesday. more
Readers of Travel + Leisure magazine have voted T. F. Green Airport one of the best airports in the country for the third time in the last five years. more
There are plenty of seats available on trains heading to and from Rhode Island’s commuter-rail stations in Warwick and North Kingstown this fall. Empty parking spaces in the large, new garages next to those stations are also abundant. more
Gasoline prices dropped in Rhode Island and Massachusetts this week but remained higher than the national average, according to the weekly survey by AAA Southern New England. more
Textron Inc. – parent of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – will acquire flight-simulation and aircraft-training product companies Mechtronix Inc. and Opinicus Corp., the company announced Friday. more
Beechcraft Corp., the U.S. planemaker that emerged from bankruptcy protection this year, is for sale again, people with knowledge of the matter said. more
Builders began work on fewer U.S. homes than projected in August and applications for future work declined more than forecast, underscoring the risk that higher mortgage rates pose for the real-estate rebound. more
Construction employment in Rhode Island dropped 4.4 percent in August compared with the same period in 2012, a year-over-year net loss of 700 jobs, according to an analysis of Labor Department data by the Associated General Contractors of America. more
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