Capital Goods
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U.S. consumers may well remember the days, pre-2012, when shopping for an airline ticket was complicated by the airlines’ favored pricing scheme. Back then, an advertised $240 fare might suddenly turn out to be a $300 fare, given that taxes account for roughly 20 percent of the average domestic U.S. airfare. Passengers hated the system while the airlines – which hate price-comparison shoppers, because they drive down prices – embraced it. Fortunately, in 2012, the Department of Transportation imposed a rule requiring that the airlines advertise fares inclusive of the base fare, taxes and fees. Yet, notably, the rule didn’t prohibit the airlines from publishing the taxes and fees separately; it just required that they do so less prominently than the advertised, fully inclusive fare. The airlines, incensed at this pro-consumer bit of rulemaking, have been trying to overturn it ever since. more
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
When Peter Crump and Matt Dempsey became business partners at Providence-based general-contracting firm Site Specific LLC back in 2007, the duo worked out of a basement with three employees for six months. Over the past seven years, things have certainly changed. more
These aren’t your average printers. more
Schneider Electric, parent of West Kingston-based APC by Schneider Electric, will soon move its headquarters operation from Illinois to Massachusetts, the Boston Business Journal reported. more
Though Douglas Lumber was founded nearly 40 years ago, the Smithfield-based company still prides itself on being a family-owned and operated Rhode Island business. more
David A. Sluter says he developed a work ethic as a youth when he milked cows, shoveled manure, raked hay and completed other tasks on dairy farms in small towns in western Massachusetts. more
Even a $13 million federal grant hasn’t convinced candidates for governor or mayor of Providence to embrace a proposed city streetcar system. more
From its humble beginnings as a portable sawmill operation back in 1911, South Kingstown-based and family-owned Arnold Lumber Co. has grown into a $60 million operation boasting nearly 200 employees, four lumberyards, a masonry division, a kitchen center, a door shop, construction-lending division and a specialty commercial window division – Seaside Casual Furniture, which manufactures and distributes premium outdoor furniture throughout the United States and beyond. more
Inventors, innovators and problem solvers from the Naval Undersea Warfare Center division participated in a “Hacking for Undersea Technical Excellence” event recently to inaugurate a new rapid innovation center. more
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