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Friday, September 18, 2020

Manufacturing

ACUSHNET HOLDINGS CORP., parent company of the Titleist and FootJoy golf brands, reported a profit of $30 million in the third quarter of 2019. / COURTESY TITLEIST

Acushnet Holdings reports $30M Q3 profit on strong Titleist club sales

FAIRHAVEN – Acushnet Holdings Corp., owner of the Titleist golf brand, reported a profit of $30 million in the third quarter, more than tripling...
SENSATA TECHNOLOGIES reported a $70.7 million profit in the third quarter of 2019. / COURTESY SENSATA TECHNOLOGIES

Sensata reports $70.7M profit in third quarter amid revenue slip

ATTLEBORO – Sensata Technologies reported a $70.7 million profit in the third quarter, a 52.6% decline year over year. Earnings per diluted share in the...
GENERAL ELECTRIC CO. reported a loss of $9.4 billion in the third quarter, an improvement from the company's previous quarters. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

GE soars as another boost to cash forecast buoys turnaround

NEW YORK – General Electric Co. surged after the manufacturer raised its 2019 cash-flow forecast for the second straight quarter, giving CEO Larry Culp’s...
CITIZENS BANK announced a partnership with software giant Microsoft and online retail giant Amazon to provide no-interest financing for consumers wanting to buy the Xbox All Access program. Shown here is an Xbox One video game console at a Wal-Mart store in Los Angeles / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON

Citizens Bank partners with Microsoft and Amazon on consumer financing

PROVIDENCE – Citizens Bank announced a partnership Tuesday with two of America’s corporate giants – Microsoft Corp. and Amazon.com Inc. – in which the...
MANUFACTURING MADE UP 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

Manufacturing is now smallest share of U.S. economy in 72 Years

WASHINGTON – Three years after Donald Trump campaigned for president pledging a factory renaissance, the opposite appears to be happening. Manufacturing made up 11% of...
LVMH has made an offer of $14.5 billion to purchase jeweler Tiffany & Co. / BLOOMBERG NEWS FILE PHOTO/KONRAD FIEDLER

Louis Vuitton owner offers $14.5B for jeweler Tiffany

LONDON – LVMH has offered $14.5 billion for jeweler Tiffany & Co. in a bid that could result in Chairman Bernard Arnault’s biggest ever...
ROGER PREVOT has been named CEO of Nelipak Corp. / COURTESY NELIPAK

Prevot named CEO of Nelipak

CRANSTON – Roger Prevot has been named CEO of Nelipak Corp. Inc., the company recently announced. He's succeeding Michael Kelly, who is retiring. Prevot has...
AMGEN said it is pulling the higher-priced version of its cholesterol drug Repatha from the market, an effort to boost sales of the drug. The drug is manufactured n Rhode Island. / BLOOMBERG NEWS FILE PHOTO

Amgen pulls high-price version of Repatha in bid to raise sales

NEW YORK – Amgen Inc. will pull its higher-priced version of its cholesterol drug Repatha from the market, an effort to boost sales of...
U.S. BOOKINGS for all durable goods declined 1.1% year over year in September. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. business-equipment orders drop second month, miss forecast

WASHINGTON – Orders placed with United States factories for business equipment declined for a second straight month and shipments matched the biggest drop since...
GENERAL DYNAMICS CORP. reported a profit of $913 million in the third quarter. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

General Dynamics reports $913M profit in Q3

NORTH KINGSTOWN – General Dynamics Corp. reported a $913 million profit in the third quarter, a 7.3% increase year over year. Earnings per diluted...

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