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Friday, October 30, 2020

Manufacturing

TEXTRON REPORTED a profit of $815 million profit in 2019. / COURTESY TEXTRON

Textron reports $815M profit in 2019

PROVIDENCE – Textron Inc. earned an $815 million profit in 2019, a 33.3% decline year over year, the company said on Wednesday. Earnings per share...

Five Questions With: Mike Seidman

New Bedford-based NFI Corp., a commercial printer and provider of graphic solutions, marked a significant milestone in November: 1,000 days of safety. That’s more...
THE R.I. COMMERCE CORP. investment committee on Friday will consider incentives for three companies seeking to move operations to Rhode Island.

3 companies seek state incentives for expansion into R.I.

PROVIDENCE – A Massachusetts-based manufacturing company and two tech and engineering companies are poised to move operations into Rhode Island, under an incentive request...
SUMR BRANDS Interim CEO Stuart Noyes has highlighted turnaround efforts at the company since his assumption of the role roughly one month ago.

SUMR Brands highlights turnaround efforts, including reverse stock split

WOONSOCKET – Summer Infant Inc., now doing business as SUMR Brands, issued a notice Tuesday that highlighted its progress in efforts to “improving long-term...
U.S. MANUFACTURING OUTPUT increased 0.2% in December. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

Dec. gain in U.S. manufacturing output wraps up weak year

WASHINGTON – United States factory production unexpectedly increased in December, a bright spot in an otherwise weak year for manufacturing. The 0.2% increase in manufacturing...
MEDICINAL USE: Lead grower Elizabeth Keyser explains growing medical marijuana plants with special lighting during a tour of the Curaleaf medical cannabis cultivation and processing facility in Ravena, N.Y., in August. / AP FILE PHOTO/HANS PENNINK

Some Northeast states brace for battle over pot

A year ago, marijuana legalization looked like it was on a roll in the Northeast – it had already passed in three of the...
CORE PRODUCER prices in the U.S. increased 1.1% year over year in December. / BLOOMBERG NEWS FILE PHOTO/SERGIO FLORES

Core U.S. producer prices rise at slowest pace since 2016

WASHINGTON – A measure of underlying United States producer prices rose in December at the slowest pace since August 2016, indicating modest inflationary pressures. The...

NFI hits 1,000 days without work injury after policy, equipment changes

NEW BEDFORD – NFI Corp. recently set a safety record, reaching 1,000 days without a work injury, the graphics company announced. Citations were delivered by...
FOREIGN FOCUS: Richard W. Pinto Jr., CEO of the Rhode Island International Trade Center in Providence, says the center focuses on bringing foreign companies into the United States via Rhode Island and is working with about a dozen foreign companies in Ireland, Italy, Canada, Spain, Lithuania and the United Kingdom. / PBN PHOTO/MICHAEL SALERNO

Many R.I. businesses partner overseas, but state’s trade-zone designation has yet...

Cargo ships carrying components for Block Island Wind Farm’s enormous wind turbines arrived regularly at Providence’s port in 2015 and 2016, when the wind...
DRAFT PICK: Jeremy Ruff, co-owner and head brewer at LineSider Brewing Co. in East Greenwich, says the Rhode Island Brew Fest, which LineSider participated in last year and will be again this month, exposes the brewery to new customers. / PBN PHOTO/MIKE SKORSKI

A chance for R.I. brewers to show off their uncommon craft

If the crowds are lucky at this month’s Rhode Island Brew Fest, they’ll get the chance to sample Crooked Current Brewery LLC’s chocolate milk...

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