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ELECTRIC BOAT will receive up to $20 million in incentives for its initiative to nearly double its square-footage in the Quonset Business park and hire 1,300 workers in Rhode Island as it scales up its workforce to build the Colombia-class submarine for the U.S. Navy. Above the Virginia-class submarine, which Electric Boat also produces for the Navy. / COURTESY ELECTRIC BOAT

State offers up to $20M for Electric Boat Quonset expansion, hiring...

NORTH KINGSTOWN – General Dynamics Electric Boat is expanding its Quonset facility and creating 1,300 jobs over the next decade, the company announced Thursday. As...
POLARIS MANUFACTURING EXTENSION Partnership is expanding its roster of professional consultants to assist local manufacturers and is accepting applications from May 1 through June 15.

Polaris MEP recruiting specialists for manufacturing consulting

PROVIDENCE – Polaris Manufacturing Extension Partnership is expanding its roster of professional consultants that it will connect with local manufacturers, the nonprofit organization announced...
UNITED STATES manufacturing expanded in April. / BLOOMBERG FILE PHOTO / TY WRIGHT

U.S. factory gauge dips to 9-month low as inflation heats up

NEW YORK - United States manufacturing expanded last month at the slowest pace since July, while prices paid for materials continued to accelerate amid...
HASBRO INC. has entered into a definitive agreement with Saban Properties LLC to acquire the entertainment brand Saban's Power Rangers and several other brands. / COURTESY HASBRO

Hasbro enters $522M agreement to buy Power Rangers, other properties

PROVIDENCE - Hasbro has signed a definitive agreement to acquire several brands from Saban Properties LLC, including Saban’s Power Rangers in a combination of...
MATTEL INC. reported a loss $311.3 million for the first quarter, dragged down by the bankruptcy of Toys "R" Us. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Mattel’s Barbie brand carries quarter, mutes Toys `R’ Us effect

NEW YORK - Barbie’s back in town. Mattel Inc., which named a new CEO last week, softened the effect of Toys “R” Us Inc.’s demise as...
GROWTH INDUSTRY: Joseph O’Connell, vice president of business development at AstroNova, meets with company managers, part of routine walks through the offices. From left, Steve Holbrook, quality assurance manager; O’Connell; Jennifer Pray, marketing communications manager; Mike Natalizia, chief technology officer and vice president of technology partner alliances; and Josh Dumont, plant manager. / PBN PHOTO/RUPERT WHITELEY

O’Connell shepherds AstroNova toward continued growth

CHIEF MARKETING OFFICER/BUSINESS DEVELOPMENT OFFICER | Joseph O’Connell, AstroNova Inc. Since he joined AstroNova Inc. 22 years ago, Joseph O’Connell, vice president of business development,...
GENERAL DYNAMICS credited work on the Virginia Class submarine as one of the reasons its first-quarter revenue increased this year. / COURTESY ELECTRIC BOAT

General Dynamics reports $799M Q1 profit

NORTH KINGSTOWN – General Dynamics, parent organization of Electric Boat Corp., reported earnings of $799 million for the first quarter of 2018 on Thursday. The...
YNON KREIZ is the newest Mattel CEO. He recently told employees that he will focus on fostering creativity and expanding how Mattel uses its brands. / BLOOMBERG FILE PHOTO/ SCOTT EELLS

New Mattel CEO plays catch-up with rivals after four down years

NEW YORK - Mattel Inc., home of Barbie and Thomas the Tank Engine, has struggled for years trying to manage its way out of...
ORDERS PLACED with United States factories for business equipment eased unexpectedly in March. / BLOOMBERG FILE PHOTO/TY WRIGHT

Orders for U.S. capital equipment in March ease unexpectedly

NEW YORK - Orders placed with United States factories for business equipment eased unexpectedly last month after a smaller February advance, indicating a more...
FORD MOTOR CO. said its getting rid of slow-selling, low-margin car models and refocusing the company around more lucrative trucks and SUVs. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Ford is getting out of almost all of the American car...

NEW YORK - Ford Motor Co. is cleaving an additional $11.5 billion from spending plans and dropping several sedans, including the Fusion and Taurus, from...
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