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SOME RHODE ISLAND companies have put a ban on business travel to and from China as a result of the coronavirus outbreak. / BLOOMBERG NEWS FILE PHOTO/YIFAN DING

R.I. businesses respond to coronavirus outbreak

PROVIDENCE – As the coronavirus outbreak soars to more than 24,000 cases in China, Rhode Island businesses with ties to the country are orchestrating...
TEXTRON has been reported as being in talks with Bombardier to acquire the Canadian company's business jet unit.

WSJ: Bombardier in talks to sell jet unit to Textron

PROVIDENCE – Textron Inc. is engaged in talks with Bombardier Inc. to purchase its business-jets division, the Wall Street Journal reported on Tuesday. A completed...
TEXTRON REPORTED a profit of $815 million profit in 2019. / COURTESY TEXTRON

Textron reports $815M profit in 2019

PROVIDENCE – Textron Inc. earned an $815 million profit in 2019, a 33.3% decline year over year, the company said on Wednesday. Earnings per share...

2 R.I. chief investment officers named to most influential corporate...

PROVIDENCE – Two chief investment officers at companies based in Rhode Island were named among the top 10 most influential CIOs by industry news...
STEADY GROWTH: Richard Davia, managing director of creative and branding at (add)ventures, and Carli Kabilyo, assistant director of design and branding, add Post-it notes to a board at the company’s new offices in East Providence. / PBN PHOTO/RUPERT WHITELEY

Multidisciplinary focus on clients keeps (add)ventures consistently growing

2019 PBN Business Excellence Awards EXCELLENCE AT A MIDSIZE COMPANY: (add)ventures It’s been a good three decades for the Providence-based multi­disciplinary brand-culture and communications...
TEXTRON EARNED $220 million in the third quarter while revenues were $3.3 billion. / COURTESY TEXTRON

Textron revenue ticks up in Q3

PROVIDENCE - Textron Inc. reported a profit of $220 million in the third quarter, a 60.9% decline year over year, according to a company...
THE RHODE ISLAND SCHOOL OF DESIGN says the Rayon Foundation Trust to benefit the study of textiles at RISD recently matured with a value of $19.9 million.

75-year-old trust provides RISD with $19.9M gift, the school’s largest

PROVIDENCE – A trust started in 1944 to support textiles studies at the Rhode Island School of Design has provided RISD with a $19.9...
TEXTRON is considering "strategic alternatives" for its Kautex business unit that could involve a sale, spinning the segment out or another type of transaction.

Textron looking at transaction possibilities for Kautex segment

PROVIDENCE – Textron Inc. is considering “strategic alternatives” for its Kautex business unit, the company announced Monday. Potential plans for the Bonn, Germany-headquartered business segment...
TEXTRON, maker of airplanes and helicopters, among other products, reported net income of $217 million in the second quarter of 2019, a 3.1% yearr-over-year decline. / COURTESY TEXTRON

Textron reports $217M in Q2

PROVIDENCE – Textron Inc. reported a profit of $217 million in the second quarter of 2019, or 93 cents per diluted share, a 3.1%...
TEXTRON INC. reported a profit of $179 million in the first quarter of 2019. / COURTESY TEXTRON INC.

Textron posts $179M profit in Q1

PROVIDENCE – Textron Inc. reported net income of $179 million, or 76 cents per diluted share, for the first quarter of 2019, a decline...

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