U.S. wage growth slowed in the final quarter of 2022
WASHINGTON (AP) – Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022,...
Hasbro: ‘Small percentage’ of R.I. employees will be laid off
PAWTUCKET – Hasbro Inc. spokesperson Allison McEneaney told Providence Business News Friday that only “a small percentage" of the approximately 1,000 employees the company...
U.S. inflation and consumer spending cooled in December
WASHINGTON (AP) – The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's...
Mearthane Products receives investment from Compass Group
CRANSTON – Compass Group Equity Partners, based in Missouri, will make an investment of unknown value into Mearthane Products Corp. as it announces a...
Hasbro to lay off 1,000 people; impact in R.I. unclear
PAWTUCKET – Toymaker Hasbro Inc. announced Thursday that it is cutting about 1,000 jobs as part of moves announced last year to save up...
Textron posts $861M profit in 2022
PROVIDENCE – Textron Inc. on Thursday reported that its net income for 2022 was $861 million, an increase from $746 million one year prior.
Earnings per diluted...
General Dynamics reports $3.4B profit in 2022
PROVIDENCE – General Dynamics Corp. on Wednesday reported a profit of $3.4 billion for 2022, a 4.1% increase year over year.
Earnings of $12.19 per...
Founders, investors convene at first Blue Venture Investment Summit
BRISTOL – When Billy Thalheimer, CEO and founder of Regent Craft Inc. first set out into the venture capital space, the most exposure he'd...
R.I. December unemployment 3rd highest in New England
PROVIDENCE – Rhode Island had the third-highest unemployment rate in New England in December at 3.5%, according to data released by the U.S. Bureau...
Raytheon reports $5.2B profit in 2022, announces realignment of businesses
ARLINGTON, Va. – Raytheon Technologies Corp. on Tuesday reported a year-end profit of $5.2 billion in 2022, or $3.50 per share, and announced its...
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