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Looking to expand its capabilities and markets, Nortek has agreed to pay about $260 million in cash for the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly-owned subsidiary of ABB Ltd., an international power and automation manufacturer. more
(Updated, 1:54 p.m.) State and federal law enforcement officials were seen entering the office and home of R.I. House Speaker Gordon D. Fox, according to WJAR-TV NBC 10, among other news outlets. more
Tech Collective, Rhode Island’s bioscience and information technology industry association will host a Bioscience Industry Skills Gap Forum on Wednesday, March 26 from 8:30 to … more
Five of the Newport mansions and houses have opened for daily tours, with new offerings and special exhibits available for visitors. more
(Updated, 2:54 p.m.) Media General Inc. agreed to acquire Providence-based LIN Media LLC in a transaction valued at about $1.6 billion, adding local TV stations across the U.S. to get better negotiating leverage with advertisers and cable providers. more
(Updated, 12:13 p.m.) Tiffany & Co., the world’s second-largest luxury jewelry retailer, posted fourth-quarter profit that trailed analysts’ estimates and forecast profit for this year that also fell short as store and labor costs rose. more
The Providence-Fall River-Warwick metro area saw a 1 percent increase in construction employment from January 2013 to January 2014, according to The Associated General Contractors of America monthly jobs report released Thursday. more
Rhode Island is awarding $1.5 million in matching training grants to improve the job skills of 4,775 employees at 68 companies in the state. more
National Grid has submitted a proposal to the R.I. Division of Public Utilities and Carriers to construct the transmission system for the Deepwater Wind Block Island Wind Farm, instead of purchasing the completed system from Deepwater Wind as in previous plans. more
Rhode Island’s seasonally adjusted unemployment rate fell to 9 percent in February, according to the latest monthly report from the R.I. Department of Labor and Training. Nationally, the U.S. unemployment rate rose one-tenth of a percentage point to 6.7 percent. more
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