Manufacturing
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Manufacturing healthy, says U.S. Chamber COO, but needs support
The Northern Rhode Island Chamber of Commerce’s 22nd annual dinner attracted 370 to see a number of their membership feted and hear a speech by an officer of the U.S. Chamber of Commerce that played up the role of manufacturing in the U.S. more
Kopin sells assets to IQE Plc. for $75M
(Updated, 1:15 p.m.) The Kopin Corp. has announced an agreement to sell assets relating to its III-V heterojunction bipolar transistors to IQE PLC, a leading U.K. designer and supplier of advanced semiconductor wafers, for $75 million. more
| 1/10/13
Manufacturing in U.S. expands after reaching 3-year low
Manufacturing in the U.S. expanded in December at a pace that shows the industry is stabilizing after reaching a three-year low a month earlier. more
Family legacy, energy build growing company
Carolyn Rafaelian can’t wait to get up in the morning and come to work. She expects her employees feel the same way. more
By Robin Respaut
Contributing Writer | 5/28/12
Tradition meets high-tech design
Modular homes and energy-efficient, “net-zero” homes have long occupied opposite poles of the building-reputation spectrum. more
Nortek to offer $235M note sale
Residential and commercial ventilation maker Nortek Inc. intends to offer $235 million in aggregate principal amount of its 8.5 percent senior notes, the company announced Monday. more
| 10/15/12
Forum focuses on improving manufacturing innovation
President Barack Obama has proposed a $1 billion federal investment in advanced manufacturing and a group of congressmen from Rhode Island and Connecticut would like to see even more spent on boosting the sector in southern New England. more
Prov. Equity, Madison Dearborn to maintain control of CDW
The private equity firms of Providence Equity Partners and Madison Dearborn Partners LLC will maintain a controlling stake in Chicago-based computer equipment maker CDW Corp. after a $500 million planned stock sale, reported Crain’s Chicago Business. more
| 3/25/13
States to receive funds from diabetes-drug suit
BOSTON – Attorney General Martha Coakley’s office announced last week that it had joined 37 other states in a $90 million settlement with GlaxoSmithKline LLC. The lawsuit resolves allegations that the pharmaceutical company unlawfully promoted its diabetes drug, Avandia, by misrepresenting its cardiovascular risks and safety profile. According to a statement, the settlement will bring more than $2.1 million to the commonwealth. more
11/26/12
Textron reports profits, growth in 4Q, fiscal year
Textron Inc. – parent of Bell Helicopter, Cessna Aircraft Company and Textron Systems – posted net income of $148 million, or 51 cents per share, in the fourth quarter of 2012, reversing the $19 million, or 7 cents per share, loss for the same 2011 period. more
| 1/23/13
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