Updated February 28 at 8:42pm
Local News
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Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income dropped 28.6 percent in the first quarter to $85 million, or 30 cents per diluted share, due in part to restructuring costs incurred by the manufacturer’s acquisition in March of Beech Holdings LLC. more
Nortek Inc. announced Wednesday that it has completed its acquisition of the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly owned subsidiary of international power and automation manufacturer ABB Ltd. more
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, posted a net loss of $1.1 million, or 7 cents per share, for the first quarter of 2014, reversing net income of $2 million, or 13 cents per share, reported for the same period last year. more
The R.I. Department of Environmental Management has selected 17 projects, from among 92 applicants, to receive a total of $210,000 in funding from the Local Agriculture and Seafood Act Grants Program. more
The Providence Journal posted a 2.7 percent gain in first-quarter revenue to $21.2 million, according to a U.S. Securities and Exchange Commission filing made public Wednesday. more
The U.S. economy barely grew in the first quarter as harsh winter weather chilled investment and exports dropped. The expansion stalled even as consumer spending on services rose by the most in 14 years. more
Kahn, Litwin, Renza & Co. Ltd. has announced that Lawrence I. Kahn, managing director and president of the accounting and business-consulting firm, will retire effective May 31. more
Two Rhode Island groups have received grants from Third Sector New England, a Boston-based nonprofit-support organization, to maintain projects to promote co-operative businesses and end racial profiling in the state. more
The Providence-Fall River-Warwick metro area added no construction jobs between March 2013 and March 2014, ranking the state at No. 198 among the 339 metro areas nationwide in terms of year-over-year net employment gain, according to the Associated General Contractors of America jobs report released April 28. more
The U.S. Supreme Court yesterday strengthened the Environmental Protection Agency in its drive to cut air pollution, a result critics warned would lead to costly regulations as the agency moves to curb global warming. more
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