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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...

Celico to talk U.S.-China trade relations at Northeast Cargo Symposium Nov....

PROVIDENCE – Westerly native Amy P. Celico will be the keynote speaker at the 18th annual Northeast Cargo Symposium in Providence on Nov. 6. Celico...

Five Questions With: Michael Woody

The University of Rhode Island is sponsoring a Rhode Island Textile Innovation Network event on Nov. 1 that will look at the feasibility of...
NYE LUBRICANTS has agreed to be acquired by FUCHS PETROUB SE. Above, CEO and President George B. Mock, right, inspects a piece of machinery at Nye Lubricants, along with Jason Galary, center, director of research and development, and Gus Flaherty, manager of engineering development and applications. / PBN PHOTO/RUPERT WHITELEY

Nye Lubricants agrees to be acquired by German manufacturer FUCHS

FAIRHAVEN - Nye Lubricants Inc. has agreed to be acquired by the FUCHS Group, under the umbrella of FUCHS PETROLUB SE, the companies announced...

KVH receives $4M order for fiber optic gyros from Kongsberg Defence...

MIDDLETOWN – KVH Industries Inc. has received a $4 million order for its precision DSP-3100 fiber optic gyros from Kongsberg Defence & Aerospace AS...
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