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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

Capital Goods
PROVIDENCE – Textron Inc. reported net income of $224 million in the second quarter, $71 million more than the $153 million the company reported...
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

Capital Goods
PROVIDENCE – Textron Inc. has closed its sale of its Tools & Test businesses and brands to Emerson Electric Co. for $810 million in...
SALES OF NEW PRIVATE JETS increasing as inventory in the used private-jet market is tightening. Above, the Cessna Citation Latitude business jet. /BLOOMBERG FILE PHOTO/ORE HUIYING

At $9.7M a pop, private jets are luring buyers again

Economic Activity
NEW YORK - If anyone’s looking for further evidence of a strong economy, here’s a sign: Wealthy individuals and companies are starting to snap...
CVS HEALTH CORP. ranked No. 7 on the Fortune 500 list based on 2017 revenue. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

4 R.I. companies make Fortune 500 list

Economic Activity
PROVIDENCE – Four Rhode Island-based companies have made the Fortune 500, a list of the largest United States corporations based on 2017 revenue that...
Beyond the average
A piece of the Dodd-Frank financial reform law required for the first time that companies disclose the ratio of their CEO’s pay to the median salary of its employees, although the employers were allowed to exclude some workers from the calculation. / Sources: Company filings (Some companies excluded non-U.S. employees and others.)

Pay ratio disclosures show wide gaps between CEOs, employees

By the Numbers
Out of the 19 public companies that are based in or have significant ­operations within Rhode Island and have filed proxy statements recently, 14...
TOP SCORER: Hasbro is one of three Rhode Island companies to achieve a perfect score this year in the 2018 Human Rights Campaign Foundation’s Corporate Equality Index. From left, Justin Haddock, licensing attorney; Dolph Johnson, executive vice president and chief human resources officer; Meghann Noonan, project engineer; and Dan Chasse, project ­manager. / PBN PHOTO/­MICHAEL SALERNO

3 R.I. companies receive perfect Corporate Equality Index scores for LGBTQ...

Focus
Four Rhode Island-based corporations were listed in the Human Rights Campaign Foundation’s 2018 Corporate Equality Index – a study that measures a corporation’s efforts...
TEXTRON was the sole Rhode Island-headquartered employer to rank on the Forbes' 2018 Best Large Employer list this year at No. 495. Five midsize employers from Rhode Island also ranked this year. Above, a Citation Sovereign + from the Cessna branch of Textron Inc. / COURTESY TEXTRON AVIATION

R.I. businesses make 2018 Forbes Best Employers lists

Economic Activity
PROVIDENCE – Five Rhode Island companies were named to the Forbes 2018 Best Midsize Employers list, while one Rhode Island employer made the top...
TEXTRON INC. REPORTED A PROFIT of $189 million for the first quarter of 2018, an 87 percent increase from the first quarter of 2017. / COURTESY TEXTRON AVIATION

Textron reports $189M Q1 profit, announces sale of Tools & Test...

Economic Activity
PROVIDENCE – Textron Inc. reported a $189 million profit for the first quarter of 2018, an $88 million increase year over year, or an...
TEXTRON, PARENT OF BELL HELICOPTER, said it will incur a loss of between $250 million and $300 million loss from a re-valuation of deferred tax assets due to the new GOP tax overhaul. / COURTESY BELL HELICOPTER.

Textron to take $250-$300M deferred asset hit from tax bill

Capital Goods
PROVIDENCE - Textron Inc. said in a U.S. Securities and Exchange Commission filing Friday that it expects an extra tax expense in the range...
TEXTRON AVIATION announced the creation of the Cessna SkyCourrier 408, a twin-engine plane that will be sold in a cargo variant to FedEx Express. / COURTESY TEXTRON AVIATION

Textron announces new twin-engine plane, FedEx purchases

Capital Goods
PROVIDENCE – Textron Aviation Inc. announced Tuesday the creation of a new twin-engine turboprop airplane called the Cessna SkyCourier 408.While the plane can be...
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