Updated February 27 at 4:27pm
Local News
2333 results total, viewing 111 - 120
Global biotech firm Covidien PLC has acquired Israeli medical tech company Given Imaging Ltd. for $860 million, a move that will allow Covidien to expand into the multibillion dollar gastrointestinal product market. The acquisition is expected to add between $40 and $50 million in quarterly revenue for Covidien. more
Staples Inc., the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell. more
Embolden, a digital-communications group, has been acquired by New Jersey-based Crown Philanthropic Solutions, which specializes in philanthropic technology. more
The Rhode Island Foundation is in the process of hiring a new chief financial officer. Michael Jenkinson, the Foundation’s former senior vice president and CFO, has since joined Chaput & Feeney LLP in East Providence. 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
Employers in the U.S. are taking longer to fill job openings, a sign that the labor market is tightening as companies compete for talented workers. more
The U.S. Small Business Administration (SBA) administrator has applauded President Barack Obama’s signing of the 2015 National Defense Authorization Act, which contains a provision aimed toward increasing women-owned small businesses access to the federal contracting marketplace. more
A city developer has entered into exclusive negotiations with the I-195 Redevelopment District Commission to purchase a piece of former highway land in the city’s Fox Point neighborhood. 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
Citigroup Inc. and JPMorgan Chase & Co. are bracing investors for a fourth consecutive drop in first-quarter trading, a period of the year when the largest investment banks typically earn the most from that business. more
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