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Aspen Aerogels Inc., a nanotechnology firm that designs and manufactures energy-efficient insulation products, has reported a second-quarter net loss of $42.2 million, more than doubling the net loss of $19 million posted for the same period last year. more
Rhode Island’s unemployment rate declined again in July to 7.7 percent, a slight drop compared with June but down almost 2 percentage points year over year, according to the R.I. Department of Labor and Training. more
The Governor’s Workforce Board is conducting a comprehensive survey of employers as summer winds to a close as part of its work on the state’s second Biennial Employment and Training Plan. more
With the drop of Rhode Island’s unemployment rate in July to 7.7 percent, the state no longer claimed the highest jobless rate in the country for the first time since October, the U.S. Bureau of Labor Statistics reported Monday. more
The R.I. Department of Labor and Training has recovered more than $4.6 million so far this calendar year from individuals or employers trying to “game the system,” Director Charles J. Fogarty said in a department email newsletter. more
(Updated, 9:45 p.m.) The Providence Journal has begun laying off employees in advance of its acquisition by the parent of Gatehouse Media Inc., according to comments from newsroom staff on social media. Rhode Island Public Radio reports that 22 editorial union personnel were losing their jobs. more
WALTHAM - Petroleum distributor Global Companies, LLC will offer cleaner burning emulsified fuels to industrial and commercial consumers of fuel oil in six northeastern states starting this fall. … more
BOSTON - The board of directors of John Hancock Financial Services has voted to authorize a stock buyback through which the company could purchase up to $500 million of its outstanding common shares. … more
NEWTON - Harcourt General, Inc., a publishing house that at one time controlled Nieman Marcus Group and General Cinema, announced that it has agreed to be acquired by Reed Elsevier PLC, an … more
LEXINGTON - Raytheon reported it would lay off 226 of is employees in Massachusetts last Friday. A company spokesperson said the employees are members of the IBEW, International Brotherhood of … more
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