Capital Goods
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Textron Inc., the manufacturer of Cessna aircraft and Bell helicopters, rose the most in almost two years after the Financial Times reported Friday that the company was near a $1.4 billion purchase of planemaker Beechcraft Corp. more
The trade deficit in the U.S. narrowed more than forecast in May on record exports, signaling a pickup in global growth that will boost American manufacturers. 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
Rhode Island lost 500 construction jobs in June compared with the previous month, a decline of 2.9 percent that ranked the state 49th in the country for highest percentage of construction jobs gained month over month, the Associated General Contractors of America reported Friday. more
Industrial production climbed 0.2 percent in June, capping the strongest quarter in almost four years and indicating manufacturers are providing a bigger spark for the U.S. economy. more
Thirty-three percent of Rhode Island’s rural roads and 25 percent of its rural bridges are in need of repair, ranking Rhode Island among the U.S. states with the highest percentage of deficient rural roadways, according to a report issued Thursday by the Trip National Transportation Research Group. more
Textron Inc.’s V-22 Osprey, the tilt-rotor craft that entered development almost 25 years ago, is poised to win its first export deals as Israel and Japan close in on purchases. more
More people will travel over Labor Day weekend this year than did last year, AAA Southern New England projected Tuesday in its annual Labor Day Holiday Travel Forecast. more
Activist hedge-fund managers in search of their next prey may look to Textron Inc. more
Hasbro will produce toys for two upcoming DreamWorks Animation movies, the companies announced Wednesday. more
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