Capital Goods
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The cost of regular, unleaded gasoline in Rhode Island held steady from last week’s rate, but the state’s consumers are still paying four cents more for than the national average of $3.67 and three cents more than Massachusetts drivers, according to AAA Southern New England’s weekly survey. more
Edesia Inc., a nonprofit that produces ready-to-use therapeutic foods and supplemental foods for malnourished children, has signed a 25-year lease at Quonset Business Park, where it plans to build a new facility and relocate from its current Providence location. more
Gasoline prices climbed back up again in Rhode Island this week while the Massachusetts average remained unchanged from a week ago, reflecting volatility in national gas prices, according to the weekly survey by AAA Southern New England. more
Industrial production climbed more than forecast in May, a sign gains in manufacturing are supporting growth as the U.S. economy picks up. more
The U.S. Transportation Department is notifying states that federal reimbursements for highway and transit construction projects will slow down as soon as August. more
The Massachusetts Bay Transportation Authority instituted higher fares on Tuesday, raising daily and monthly costs for commuter rail passengers from Rhode Island and southern Massachusetts. more
Polypropylene films manufacturer Toray Plastics (America) Inc. announced Tuesday that Michael Brandmeier has succeeded Richard Schloesser as president and CEO of the company following Schloesser’s retirement. more
Companies in the Providence-Fall River-Warwick metro area added 800 jobs year over year in May, an increase of 4 percent compared with May 2013, landing the region at No. 134 among the 339 U.S. metro areas in terms of year-over-year net employment gain. more
Gasoline prices rose 2 cents in Rhode Island and Massachusetts this week, driven in part by the continued unrest in Iraq, according to the weekly survey by AAA Southern New England. more
The Pentagon paid Textron Inc.’s Bell Helicopter unit $8,123.50 each for gears that should have cost $445.06, according to a report by the Defense Department’s inspector general. more
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