Capital Goods
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Gasoline prices dropped 2 cents in Rhode Island and remained unchanged in Massachusetts this week, according to the weekly survey by AAA Southern New England. more
On the 2014 Fortune 500 list of the largest U.S. corporations, released last week, CVS Caremark Corp. inched upward to No. 12 from No. 13 on the 2013 list. Also making the Fortune 500 again were Textron Inc. (No. 228) and United Natural Foods Inc. (No. 427). more
One in three Massachusetts manufacturers report difficulty hiring production workers, according to a survey of 1,350 manufacturing firms conducted by the University of Massachusetts Dartmouth for the Massachusetts Advanced Manufacturing Collaborative. more
Fewer Americans are filing applications for unemployment benefits, consumer confidence is rising and manufacturing is picking up as the world’s largest economy shows additional signs of strengthening. more
Gas prices surged 3 cents in Rhode Island this week and 4 cents in Massachusetts as concerns about militant extremists causing unrest in Iraq affected oil and gasoline prices nationwide, AAA Southern New England reported. more
Rhode Island added 1,100 construction jobs between May 2013 and May 2014, an increase of 6.8 percent that ranked the state 12th in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported. more
General Electric Co. clinched its biggest acquisition ever, the $17 billion purchase of Alstom SA’s energy assets, after the resolution of the French government’s last condition for the deal. 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
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