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Textron reports $207M profit in Q1, up 3% year over year

PROVIDENCE – Textron Inc. reported a $207 million net income in the first quarter of 2025, a 3% increase from $201 million last year. The...

Textron’s annual profit down 10.6% in 2024

PROVIDENCE – Textron Inc. on Wednesday reported that its net income for 2024 was $824 million, down 10.6% from the $922 million one year...

Six banks that operate in R.I. get top marks from LGBTQ+...

PROVIDENCE – Six banks that have a presence in Rhode Island were among the 765 United States businesses that received the highest score on...

Textron Inc. unveils line of autonomous maritime vessels

PROVIDENCE – Textron Inc. has unveiled a new line of autonomous maritime surface vessels. Announced on Jan. 13, the TSUNAMI gasoline-powered vessels have a payload...

SEC filing of the week: Textron halts production of Powersports product...

PROVIDENCE – Textron Inc. has paused production of its of Powersports product line within its industrial segment’s specialized-vehicle business due to weak demand.  The maker...

HYBRID HARMONY: In-office? Remote? Some firms still working on the right...

Working from home was not cutting it for the two dozen or so employees at Corrigan Financial Inc. in Middletown. It’s not that the work...

Textron CFO to retire, current VP to take over role

PROVIDENCE – Frank T. Connor will retire as chief financial officer of Textron Inc. in February 2025 and will be succeeded by David Rosenberg. In...
TEXTRON INC. reported a $233 million profit for the third quarter of 2024, a decrease from the $269 million profit one year prior. / COURTESY TEXTRON INC.

Textron’s profit narrows to $223M in Q3; company cites strike as...

PROVIDENCE – Textron Inc. recorded a $223 million profit in the third quarter of 2024, a decrease from the $269 million profit one year...
RIPPLE EFFECT? An R.I. Supreme Court ruling in favor of a subsidiary of Johnston insurer FM Global over COVID-19-related claims could set a precedent in other cases. 
COURTESY FM GLOBAL

Ruling in favor of R.I. insurer on COVID-19 claim may set...

A recent R.I. Supreme Court ruling has dashed the hopes of many businesses seeking millions of dollars in COVID-19-related claims from insurers, but it...
STATE ATTORNEYS GENERAL from 24 states sent a letter Monday to Brown University urging the Ivy League institution to reject a proposal to divest from companies that do business with Israel. / AP FILE PHOTO/STEVEN SENNE

24 state attorneys general urge Brown to reject Israel divestment proposal

PROVIDENCE – Twenty-four state attorneys general from the southern and Midwest U.S. on Monday sent a letter to Brown University urging the Ivy League...
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