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IN DEMAND: Courtney A. Murphy, director of talent acquisition, workforce development and compensation at General Dynamics Electric Boat, says there will always be a strong demand for nuclear submarines, which Electric Boat builds, but the manufacturer is having trouble finding qualified engineers.
PBN PHOTO/­MICHAEL SALERNO

Workforce shortages are plaguing defense industries

In the shadow of Rhode Island’s prominent defense sector, General Dynamics Electric Boat and other companies are facing a persistent challenge: There aren’t enough...
TALKING IT OUT: Sean Daly, center, People’s Credit Union CEO and president, meets with members of his staff at the credit union’s headquarters in Middletown. With Daly is Denise Cole, left, and Cassandra Camara. People’s is among the Rhode Island credit unions that have seen a drop in yearly net income in 2023 and 2024 because of the interest rate environment. 
PBN PHOTO/DAVID HANSEN

A TIGHT SQUEEZE: R.I. credit unions trying to shake off drastic...

It’s times like these that Kathleen C. Orovitz is probably glad she runs a credit union instead of a bank. She’s the CEO and president...

McKinsey & Co. agrees to pay $650M for helping Purdue Pharma...

BOSTON (AP) – McKinsey & Co. consulting firm has agreed to pay $650 million to settle a federal investigation into its work to help...
CO-BOT CONVERSATION: Mike Rielly, head of public relations at igus Bearings Inc. in East Providence, discusses one of the robots that the company produces, which are known as collaborative robots, or co-bots, along with other automation technology that it sells to manufacturers.
PBN PHOTO/MICHAEL SALERNO

ROBOTS RISING? Manufacturers mull employing tech as it gets smarter, cheaper

Enter igus Bearings Inc.’s newly opened facility in East Providence, and you’ll be met with the sounds of whirring and clangs typical of a...
FUTURE SHOCK: Arnell Milhouse, second from right, founder and CEO of CareerDevs Inc., speaks during the PBN Cybersecurity & Tech Summit on Oct. 12. Milhouse sees massive changes coming because of artificial intelligence, but many of the changes will be positive, he says. With Milhouse on the panel are Jeffrey Wilhelm, left, founder and CEO of Infused Innovations Inc., and Timothy Henry, seated right, assistant professor and researcher at Rhode Island College. Christopher Parisi, standing, founder and president of marketing firm Trailblaze Inc., moderates. 
PBN PHOTO/MIKE SKORSKI

Firms hesitating on AI are falling behind, PBN summit panel says

With artificial intelligence rapidly advancing, businesses in Rhode Island will have no choice but to invest in the technology tools to ensure they survive. The...

Many women have left the workforce. When will they return?

NEW YORK (AP) – There was a time when Naomi Peña could seemingly do it all: Work a full-time job and raise four children...

R.I. getting $2.6M from McKinsey & Co. opioid settlement

PROVIDENCE – Rhode Island will receive $2.6 million from a multistate settlement from  consulting firm McKinsey & Co. related to an investigation into the...
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