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Textron profit plunges 98% on jet slump

PROVIDENCE – Textron Inc. on Tuesday said its third-quarter profit all but evaporated because of a slump in aircraft sales and defense contract cancellations,...
TEXTRON DIVISIONS such as Cessna could make attractive takeover targets, according to Jerry Senser, CEO and chief investment officer at Chicago-based Institutional Capital. /

Textron gets a thumbs-up in Barron’s

PROVIDENCE – Textron Inc. got a public show of support on Monday as Barron’s magazine published an interview with an investor who predicted the...

GTECH signs 9th contract renewal of ’09

PROVIDENCE – GTECH Corp. has gotten its ninth lottery contract extension of this year with the announcement last week that the Arizona Lottery had...

R.I. gas prices jump after oil hits ’09 high

PROVIDENCE – Gasoline prices in Rhode Island have risen for the second week in a row with a double-digit increase, AAA Southern New England...
THE PROVIDENCE JOURNAL has seen its daily circulation fall by nearly half over the past 20 years, from nearly 200,000 in 1989 to 106,875 this year. /

ProJo circulation shrank 19% this year

(Updated, 11:15 a.m.) PROVIDENCE – The Providence Journal’s weekday circulation fell 18.8 percent compared with last year in the six-month period ended Sept. 30 as...

Verizon tops forecast on growth, job cuts

NEW YORK – Verizon Communications Inc., the second-largest U.S. phone company by subscribers, on Monday reported a higher-than-expected profit thanks to subscriber gains and...

CVS, Microsoft expand deal on patient e-records

WOONSOCKET – CVS Caremark Corp.’s retail pharmacy customers can now download their prescription and medication information to their Microsoft Corp. HealthVault accounts under a...

R.I. firms mull FCC’s new net-neutrality rules

PROVIDENCE – Telecommunications companies and other Internet providers that serve Rhode Island are weighing how they will be impacted by new Federal Communications Commission...

Brown professor advises U.S. on cybersecurity

PROVIDENCE – A Brown University computer science professor has been selected to spend the current academic year in Washington advising the U.S. State Department...

Andera added record 35 new clients over summer

PROVIDENCE – Andera Inc., the online banking and account-software provider, added 35 new financial institutions to its client base from June through September, a...
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