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From indestructible shoelaces to the opulent, metal fixtures inside private passenger jets, Rhode Island is exporting again.
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By Patrick Anderson |
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Rhode Island is enjoying a mini-boom in exports but, as is often the case with even the best economic news in the Ocean State, there is plenty of room for more.
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4/23/12
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It’s a strange and wonderful time at Electric Boat. While most of the American defense sector contracts under federal budget cuts, the Groton, Conn.-based submarine builder is starting its largest expansion in a generation. At the company’s North Kingstown plant, Electric Boat is scaling up from 2,500 workers to potentially twice that number over the next eight years to develop the nation’s next ballistic-missile submarine. After years of cutbacks at Electric Boat, President Kevin J. Poitras is drawing on his 40 years of experience, which included the submarine arms race against the Soviet Union, to manage this new growth period.
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By Patrick Anderson |
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Honda will begin shipping autos to the Port of Davisville in 2014, a “key sign of growth in the port’s emergence as one of the largest auto-importers in North America,” the Quonset Development Corporation announced Friday.
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By PBN Staff
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Iconic toy- and game-maker Hasbro Inc. has formed a collaboration with World Trade Jewelers to create and distribute jewelry designs replicating some of Hasbro’s products.
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By PBN Staff
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Textron Inc. – parent of Bell Helicopter, Cessna Aircraft Company and Textron Systems – posted net income of $119 million, or 41 cents per diluted share, during the first quarter, a very slight increase from the $118 million, or 40 cents per diluted share, it posted during the first quarter of 2012.
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By PBN Staff
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Manufacturing in the New York region expanded less than projected in April as orders cooled and sales stagnated.
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By Jeanna Smialek |
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Hasbro Inc. has earned a spot on CR Magazine’s “100 Best Corporate Citizens” list for the second consecutive year, this year moving into the top 10, at No. 7.
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By PBN Staff
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Hanna Instruments Inc., one of the world’s leading privately held manufacturers of electro-analytical instrumentation, has opened a new sales and distribution center in Sursee, Switzerland, the company announced Thursday.
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By PBN Staff
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Orders placed with U.S. factories increased in February, boosted by a pickup in demand for motor vehicles and commercial aircraft.
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By Shobhana Chandra |