Friday, May 20, 2022

TOPICS

Manufacturing

Textron reports $193M Q1 profit, tops Wall Street estimates

PROVIDENCE – Textron Inc. on Thursday reported a $193 million profit in the first quarter, an 11.3% increase over a year ago that also...

Alta Fox seeks ouster of Hasbro board chairman, 2 members

PAWTUCKET – The activist investor involved in a proxy battle with Hasbro Inc. is now seeking the removal of the company’s chairman and two...

R.I. Ready program announces first 4 sites for industrial development

NORTH KINGSTOWN – Four industrial sites are set to host new or scaled-up businesses after receiving approval from the Rhode Island Ready program, the...

General Dynamics reports $730M profit in Q1

NORTH KINGSTOWN – General Dynamics Corp. logged a $730 million profit in the first quarter of 2022, a 3.1% increase year over year, the...

Raytheon reports $1.1B profit in Q1

WALTHAM, Mass. (AP) – Raytheon Technologies Corp. on Tuesday reported first-quarter profit of $1.1 billion, a 43% increase year over year. On a per-share basis,...

Report: Small businesses concerned over inflation, supply chain issues, labor costs

PROVIDENCE – Inflation, supply chain issues and labor costs are top of mind for small-business owners, according to a new survey, released Monday by...

Fewest Americans collecting jobless aid since 1970

WASHINGTON (AP) – Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level...

RIDE Inc. acquires N.J. pressure switch manufacturer

WEST GREENWICH – RIDE Inc., a design manufacturer of power transmission components, sound and shock absorption and fluid film bearing technology, has acquired Pressure...

Textron finalizes purchase of European electric-powered aircraft manufacturer

PROVIDENCE – Manufacturing conglomerate Textron Inc. on Monday announced it has closed its acquisition of European electric-powered aircraft manufacturer Pipistrel for approximately $235 million.  Pipistrel,...
PROVIDENCE BUSINESS AWARDS announced Friday 30 honorees for its 2022 Business Women Awards program.

Taco’s Merchant among 30 honorees for PBN’s Business Women Awards program

PROVIDENCE – Cheryl Merchant, CEO of Taco Comfort Solutions, has been selected by Providence Business News as this year’s Career Achievement winner among local...

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