Raytheon honored by RIMA for innovation
TEWKSBURY, Mass. – Raytheon Company was honored by the Rhode Island Manufacturers Association (RIMA) with the 2008 Innovative Manufacturer of the Year award at...
Nestor costs outpace 3Q revenue growth of 14.3%
PROVIDENCE – Traffic-enforcement systems and services provider Nestor Inc. (OTCBB: NEST) posted a third-quarter loss of $3 million, a 52.67-percent increase from the year-ago...
P&W Railroad is back in black in 3Q
WORCESTER – Providence and Worcester Railroad Co. (Nasdaq: PWX) climbed out of the red in the three months ended Sept. 30, posting a third-quarter...
Jewelry maker FAF buys Catherine Stein of N.Y.
SMITHFIELD and MANHATTAN – Fashion Accessories First Inc. (FAF), a supplier of costume jewelry and accessories to retailers worldwide, today announced it has acquired...
GTECH 3Q revenue rises 28%, Lottomatica says
ROME and PROVIDENCE – Lottery services and technology provider Lottomatica S.p.A. (Pink Sheets: LTTOY; Milan Stock Exchange: LTO) today posted a third-quarter profit of...
Analysts predict U.S. downturn will deepen
NEW YORK – The current downturn may include the nation’s biggest slump ever in consumer spending, according to economists surveyed by Bloomberg News.
The decline...
Nortek posts 3Q loss, continues belt-tightening
PROVIDENCE – Home and commercial technology manufacturer Nortek Inc. posted a third-quarter loss of $579.6 million, compared with a year-ago profit of $37.6 million,...
Acushnet predicts victory in Pro V1 golf ball dispute
FAIRHAVEN – The Acushnet Co., a division of Deerfield, Ill.-based Fortune Brands Inc. (NYSE: FO), said it will appeal yesterday’s adverse ruling in its...
‘R.I.’s abysmal year continued in September’
KINGSTON – “Rhode Island’s abysmal year continued in September,” although the state’s economy did edge up from its “nightmare” low the month before, according...
Gasoline prices fall for 8th week in R.I., Mass.
PROVIDENCE – “Gasoline prices in Rhode Island have fallen for the eighth consecutive week, a period that has seen prices tumble by more than...
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