Manufacturing
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Six-month export growth benefits R.I. companies
Rhode Island merchandise exports increased 9 percent during the first half of 2012 compared with the same period in 2011, growing from $1.1 billion to $1.2 billion, according to data released by the International Trade Administration. more
| 8/27/12
Nortek forms ‘Core Brands’ segment
Residential and commercial ventilation maker Nortek Inc. has formed Core Brands, a new group that combines the product and marketing capabilities of 10 formerly independent audio, power management and control brands operating within the company’s technology solutions segment. more
| 8/27/12
Textron’s Bell Helicopter ranks first in product support
Fort Worth, Texas-based Bell Helicopter, a subsidiary of Textron Inc., was ranked number one in product support by Aviation International News’ 2012 Product Support Survey, Textron announced Friday. more
Astro-Med profit drops 5.6% in 2Q
Profit for Astro-Med Inc. dropped 5.6 percent to $987,000, or 13 cents per diluted share, during the second quarter of 2012, compared with $1.05 million, or 14 cents per diluted share, during the second quarter of 2011. more
| 8/22/12 | 1 comment
Bryant hosts 5th Supply Chain summit
Bryant University will host the fifth annual Supply Chain Management Summit on Thursday, Aug. 23, from 8 a.m. to 4 p.m. at the university’s Bello Center in Smithfield. more
| 8/20/12
Textron named a ‘top air polluter’
(Updated Fri, Aug. 17, 4:30 p.m. with comments from Textron) Textron Inc. – the Providence-based company that includes Bell Helicopter and Cessna Aircraft – was named the No. 2 corporate air polluter in America by researchers at the Political Economy Research Institute at the University of Massachusetts Amherst. more
| 8/15/12
U.S. stock futures fall as New York-area manufacturing shrinks
U.S. stock-index futures dropped, indicating the Standard & Poor’s 500 Index will fall for a third straight day, after a Federal Reserve report showed manufacturing in the New York area unexpectedly contracted. more
Summer Infant posts net loss in 2Q
Juvenile health, safety and wellness product maker Summer Infant Inc. posted a net loss of $424,000, or 2 cents per diluted share, for the three months ended June 30, compared to a $921,000, or 5 cents per diluted share, gain during the same period in 2011. more
| 8/14/12
Cooley gains capital from Webster
Cooley Group, a flexible composites manufacturer based in Pawtucket that helped create the London Olympic Stadium wrap pictured above, announced Monday that it has secured a $25 million loan from Webster Business Credit Corp. more
Nortek moves into the black in 2Q
Nortek Inc. reported net income of $18.5 million, or $1.19 per diluted share, during the second quarter of 2012, compared with a net loss of $31.9 million, or $2.11 per diluted share a year earlier, the company announced late Thursday. more
| 8/10/12
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