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KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, reported second-quarter net income of $55,000, or zero cents per share, an improvement over the first-quarter net loss of $1.1 million but a 96.5 percent decline compared with net income of $1.6 million, or 10 cents per share, for the second quarter of 2013. more
Sensata Technologies Holding N.V. reported second-quarter net income of $63.9 million, or 37 cents per diluted share, more than three times the $20.4 million, or 11 cents per diluted share, reported for the same period last year. more
Gas prices in Rhode Island and Massachusetts dropped another 4 cents this week, according to the weekly survey by AAA Southern New England. more
Spending on non-residential construction in the U.S. will be less than initially projected as state and local governments scale back investments in such properties as schools and health care buildings, the American Institute of Architects said. more
Raytheon Co., the world’s largest missile maker, said second-quarter sales fell 6.8 percent as all four of its divisions reported declines. more
General Dynamics Corp., the Pentagon’s No. 3 contractor, raised its full-year profit forecast while second-quarter sales declined in a slumping defense market. more
A marine trades and manufacturing job-training program funded with federal, state and Rhode Island Foundation money has trained 100 people to date, 90 percent of whom have found jobs. more
Tiffany & Co. CEO Michael Kowalski will step down in 2015 after more than 15 years running the luxury jeweler, passing the reins to President Frederic Cumenal. more
As concerns about the impact of unrest in Iraq on the country’s oil production have abated, gas prices dropped another 4 cents this week in Rhode Island and fell 5 cents in Massachusetts, according to the weekly survey by AAA Southern New England. more
Alex and Ani LLC’s lawsuit in U.S. District Court alleging that eight defendants conspired to secure discounted Alex and Ani jewelry on behalf of retail distributors, and then later fraudulently resold the jewelry to BJ’s Wholesale Club Inc., has been allowed to proceed. more
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