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The U.S. Navy has awarded a $17.6 billion contract to General Dynamics Corp. and Newport News Shipbuilding for the next block of 10 Virginia-class submarines to be built beginning in fiscal year 2014 and continuing on to fiscal 2018. more
Rhode Island and Massachusetts both reported gasoline price increases this week, extending the trend of rising prices in both states for a fourth consecutive week, according to the weekly survey by AAA Southern New England. more
Orders for durable goods poured into American factories in March, setting up manufacturing as one of the central drivers of a rebound in economic growth during the second quarter. more
Raytheon Co., the world’s largest missile maker, reported a 6.3 percent decline in first-quarter sales, reflecting a slowdown in the federal marketplace. The shares fell the most since November 2012. more
General Electric Co. is in talks to buy Alstom SA, the French builder of trains and power plants, people with knowledge of the matter said, in what would be GE’s biggest acquisition ever. more
Rhode Island exports fell by $31.4 million in February, or 15.8 percent on a month-over-month basis, according to an e-forecasting.com report released Tuesday. more
The struggling Rhode Island construction industry could help reduce the state’s high unemployment rate by 1.4 percentage points if allowed to foster changes that would restore jobs, according to a study prepared for five trade groups by a Bryant University economist. more
Passenger traffic at T.F. Green Airport fell 6.2 percent in March compared with the same period last year, dropping from 335,578 total passengers in March 2013 to 314,784 last month, according to numbers released Tuesday by the R.I. Airport Corporation. more
Gasoline prices rose in Rhode Island and Massachusetts this week, but averages in both states remained below the national average for a second consecutive week, according to the weekly survey by AAA Southern New England. more
Toy and game maker Hasbro Inc. posted earnings of $32.1 million, or 24 cents per diluted share, during the first quarter of 2014, reversing the net loss of $6.7 million, or 5 cents per diluted share, reported during the same period last year. more
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