Capital Goods
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R.I. Public Transit Authority ridership totaled 19.7 million passengers in 2013, an increase of 1.25 percent over the 19.5 million passengers recorded in 2012, according to a report by the American Public Transportation Association. more
Looking to expand its capabilities and markets, Nortek has agreed to pay about $260 million in cash for the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly-owned subsidiary of ABB Ltd., an international power and automation manufacturer. more
Gasoline prices climbed 3 cents in Rhode Island this week, while prices dropped a penny in Massachusetts, ending five consecutive weeks of rising prices there, according to the weekly survey by AAA Southern New England. more
Nortek Inc. posted a loss of $8.3 million for 2013, compared with profit of $9.5 million a year earlier. The maker of home and office security solutions, ventilation and air management products, and heating and cooling systems embarked on a dual-focused investment strategy to improve its supply chain operations while growing its top line. more
Astro-Med Inc., maker of specialty printers and data-acquisition systems, posted full-year fiscal 2014 net income of $3.2 million, or 42 cents per diluted share, a decline of 70.2 percent compared with fiscal 2013 reported net income of $10.8 million, or $1.44 per diluted share. more
Confidence among U.S. homebuilders rose less than forecast in March, a sign the industry may take time to pick up after inclement weather damped activity earlier in the year. more
Orders for U.S. business equipment fell in February for the second time in three months, signaling corporate investment will be slow to gain momentum following an unusually harsh winter that put a damper on demand. more
U.S. Sen. Jack Reed and U.S. Rep. David N. Cicilline will join the Naval Undersea Warfare Center on April 7 to dedicate a new $24.3 million electromagnetic sensor facility built to accommodate submarine servicing, prototyping and production support. more
Construction employment in Rhode Island rose 1.9 percent in February compared with the same period last year, adding 300 jobs for a total of 16,400 jobs, the Associated General Contractors of America reported Friday. more
Eyewear designer FGX International has partnered with Eby-Brown to distribute FGX’s Foster Grant glasses and select licensed brands to more than 13,500 convenience stores in the United States beginning in May. more
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