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Rubius Therapeutics enters agreement to buy former Alexion site in Smithfield

SMITHFIELD – Rubius Therapeutics Inc., the Cambridge, Mass.-based company recently approved by the R.I. Commerce Corp. for up to $9 million in incentives to...
THE R.I. COMMERCE Corp. approved tax increment financing for Hammetts Wharf LLC to develop an 80,000-square-foot mixed-use development that includes a hotel and a waterfront restaurant. Above, a rendering of the building, which is the first building on the right. / COURTESY PEREGRINE GROUP

Commerce RI approves TIF for Newport hotel, 2 Innovation Vouchers and...

PROVIDENCE – The R.I. Commerce Corp. board of directors and Gov. Gina M. Raimondo voted Monday evening to approve an estimated $3.5 million in...
SENSATA TECHNOLGIES reported profit of $105.3 million in the second quarter, a 32.5 percent increase year over year. / COURTESY SENSATA TECHNOLOGIES

Sensata Technologies profit up 32.5% in Q2

ATTLEBORO – Sensata Technologies Inc. which supplies sensors and controls for a variety of applications in diverse industries, reported net income of $105.3 million,...
the prop: The skateboard was the first product that was Custom Design made. Now the company makes Tiffany showcases and Vendi displays. / PBN PHOTO/MIKE SKORSKI

Adam Dias, 30

PRESIDENT – CUSTOM DESIGN INC.Where do you see yourself professionally in 20 years? Continuing to strengthen and build my company and bringing in the...
the prop: This pair of hand-decorated pumps with New England Patriots logos and red sequin trim took Tracy Schorner about three hours to make. She’s worn them to work during the playoffs and when she and friends watch a game together.  / PBN PHOTO/MIKE SKORSKI

Tracy Schorner, 37

SENIOR MANAGER, MANUFACTURING – AMGEN RHODE ISLANDWhere do you see yourself professionally in 20 years? Hopefully doing something impactful, rewarding and challenging, though part...

BBJ: Rubius Therapeutics raises $241M in IPO, highest for biotech company...

PROVIDENCE – Cambridge, Mass.-based Rubius Therapeutics Inc. raised $241 million in its initial public offering Wednesday, the highest for a biotechnology company in Massachusetts...
TEXTRON reported net income of $224 million in the second quarter of 2018, largely driven by a $50 million profit increase in the company's aviation segment. / COURTESY TEXTRON AVIATION

Textron reports $244M profit in second quarter

PROVIDENCE – Textron Inc. reported net income of $224 million in the second quarter, $71 million more than the $153 million the company reported...
UNITED STATES manufacturing output rose 0.8 percent in June, the most in four months. / BLOOMBERG FILE PHOTO/TY WRIGHT

Manufacturing output in U.S. rises by most in 4 months

NEW YORK - United States factory production rebounded in June by the most in four months as the industry regained its footing after a fire-related...
Custom Design Inc. has been making merchandising displays and store fixtures for retailers since 1976. Adam Dias took over from his father, Raul Jr., recently and looks to the future through the lens of past success. / PBN PHOTO/MICHAEL SALERNO

Taking reins of family business requires a plan for success

Adam Dias | Custom Design Inc. presidentTransitioning from one role to another is never easy, particularly when the shoes you’re filling are those of...
TEXTRON has completed the sale of its Tools & Test businesses and brands to Emerson Electric.

Textron completes $810M sale of Tools & Test brands and businesses

PROVIDENCE – Textron Inc. has closed its sale of its Tools & Test businesses and brands to Emerson Electric Co. for $810 million in...
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