Manufacturing
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Tiffany quarterly profit tops estimates amid demand in Asia
Tiffany & Co., the world’s second-largest luxury jewelry retailer, reported fourth-quarter profit that topped analysts’ estimates amid demand in Asia. more
GreenBytes taps Maher as COO
Providence-based GreenBytes Inc. has named Chris Maher as chief operating officer to lead “ongoing market expansion,” the computer hardware and software pioneer announced Thursday. more
Edward Cooney, Nortek executive, former Chamber chair, dies
Edward J. Cooney, senior vice president and treasurer of Nortek Inc., has died, the company announced Thursday. Cooney,65, had joined Nortek as vice president and treasurer in 2001 and was appointed senior vice president in 2011. more
| 3/20/13
Astro-Med makes gains in FY2013
Astro-Med Inc., maker of specialty printers and data-acquisition systems, posted net income of $10.6 million, or $1.42 per diluted share, for the fiscal 2013 period, a gain of 239 percent on its fiscal 2012 results. more
| 3/20/13 | 1 comment
Nortek reverses 2011 results, posts 2012 profit
Despite taking a $6.4 million pre-tax loss from the retirement of debt, Nortek Inc., the maker of residential and commercial building products, posted net income of $9.5 million in 2012, reversing its loss of $55.9 million in the previous year. more
| 3/14/13
Hasbro named among ‘most ethical companies’ for 2nd consecutive year
Toy and game-maker Hasbro Inc. earned the title as one of The Ethisphere Institute’s “World’s Most Ethical Companies” for the second consecutive year, Hasbro announced Wednesday. more
| 3/13/13
Summer Infant post loss despite sales growth in 2012
Juvenile health, safety and wellness product maker Summer Infant Inc. posted a net loss of $65.6 million, or $3.68 per diluted share, in 2012, compared with a profit of $3.8 million, or 21 cents per diluted share, in 2011. more
| 3/13/13
Owner of Yankee Candle prepares to sell
The Yankee Candle Co., the largest producer of scented candles in the United States, is currently in the preliminary stages of sale by owner Madison Dearborn Partners, the Reuters News Agency reported Monday. more
| 3/12/13
Israel poised for R.I. exports, expert says
Israel remains the Middle Eastern country most primed for U.S. exports and Rhode Island companies wanting to get in on overseas trading should seize any opportunity to do so, advises Atid EDI Ltd., a Jerusalem-based firm that specializes in market research and trade development for the Middle East region. more
Avtech joins national coalition to stop IP, IT theft
Warren-based technology manufacturer Avtech Software Inc. is the latest Rhode Island company to join the National Alliance for Jobs and Innovation, a non-partisan organization designed to increase awareness about stolen intellectual property and the subsequent negative impact on jobs, innovation and economic growth. more
| 3/8/13
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