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Wednesday, October 21, 2020

Manufacturing

U.S. NONFARM PAYROLL employment increased 266,000 in November. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

U.S. hiring resilient with 128,000 gain despite strike, census

WASHINGTON – United States hiring was unexpectedly resilient in October and prior months saw sharp upward revisions, offering hope that the labor market can...
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...

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