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Juvenile health, safety and wellness product maker Summer Infant Inc. posted decreases in first-quarter net revenue, net income and gross margins as it worked to phase out products and licensing agreements, and endured an increase in interest expense, according to quarterly results released Wednesday. more
The Governor’s Workforce Board announced Monday that it has awarded more than $60,000 in “Express Grants” to 20 local firms. The strategic investments will partially fund skills training for 344 employees. more
The share of workers opting to take company medical coverage rather than more take-home pay rose in Massachusetts after the state overhauled its health system in 2006, a result the U.S. Affordable Care Act may replicate, a report suggests. more
Rhode Island and Massachusetts drivers saw gasoline prices jump 6 cents this week after a nine-week decline, AAA Southern New England reported Monday. more
Returns from the U.S. equity bull market that started four years ago are matching those from the last half of the 1990s even as valuations are 28 percent lower. The Standard & Poor’s 500 Index has gained 26.2 percent annually, including dividends, since March 2009, the same as during the last 50 months of the technology bubble. more
(Updated, 11:48 a.m.) KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, has acquired Headland Media Ltd., a multinational commercial provider of news, entertainment and training content, KVH announced Monday. more
Bristol County, Mass., foreclosure starts plunged 78 percent in March compared with the same period last year, The Warren Group said Monday. more
U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April. more
The first quarter of 2013 ended on a “positive” note following a weakening start to the year, according to University of Rhode Island economist Leonard Lardaro’s Current Conditions Index, released Monday. more
After claims that its Warren shipbuilding and ship repair facility had violated the federal Clean Air Act National Emissions Standards for Hazardous Air Pollutants for Shipbuilding and Ship Repair Facilities, Blount Boats Inc. has agreed to pay a $24,000 penalty and spend at least $230,000 on a clean air project. more
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