Textron reports $263M profit in Q2, beats Wall Street estimates
PROVIDENCE – Textron Inc. earned a profit of $263 million in the second quarter of 2023, or $1.30 per diluted share, the company reported Thursday.
The company...
U.S. economy accelerated unexpectedly to a 2.4% growth rate in April-June...
WASHINGTON (AP) – The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily...
Congressional Budget Office predicts slower economic growth and 4.7% unemployment into...
WASHINGTON (AP) – The Congressional Budget Office reported Wednesday that economic and job growth so far this year has been stronger than forecast in February, but...
DLT’s Registered Apprenticeship program gets $353K federal boost
PROVIDENCE – The R.I. Department of Labor and Training will receive a $353,679 State Apprenticeship Expansion grant from the U.S. Department of Labor, Sen....
General Dynamics Corp. sees profit fall to $744M in Q2
NORTH KINGSTOWN – General Dynamics Corp., the parent company of General Dynamics Electric Boat, posted a $744 million profit in the second quarter of...
R.I.’s June unemployment rate second-highest in New England
PROVIDENCE – Rhode Island and Maine had the second-highest unemployment rate in New England in June at 2.9% but remained below the national rate...
Young professionals honored during PBN’s 40 Under Forty event
WARWICK – Forty young business professionals were honored Thursday for their efforts in the workplace and community at Providence Business News’ 19th annual 40...
THE DAILY GRIND: Family-owned Tracey Gear machines parts for clients ranging...
(Editor’s note: This is the 11th installment in a monthly series highlighting some of the region’s unsung manufacturers that make products essential to the...
Bradford Soap acquired by Conn. private equity firm
WEST WARWICK – A Connecticut private equity firm has acquired beauty and personal care manufacturer Bradford Soap International Inc., the companies announced on Thursday.
Gemspring...
R.I. unemployment falls to 2.9% in June
CRANSTON – Rhode Island’s seasonally adjusted unemployment in June was 2.9%, two-tenths of a percentage point less than May, the R.I. Department of Labor...
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