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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
Manufacturing in the U.S. expanded at a faster pace in March as gains in production and orders showed the industry was mending at the close of a winter-depressed first quarter. more
Gasoline prices remain dropped a penny in Rhode Island and Massachusetts this week, the first time since early February that average prices in both states showed declines, according to the weekly survey by AAA Southern New England. 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
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
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
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
(Updated, 12:13 p.m.) Tiffany & Co., the world’s second-largest luxury jewelry retailer, posted fourth-quarter profit that trailed analysts’ estimates and forecast profit for this year that also fell short as store and labor costs rose. more
The Providence-Fall River-Warwick metro area saw a 1 percent increase in construction employment from January 2013 to January 2014, according to The Associated General Contractors of America monthly jobs report released Thursday. 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
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