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Textron named a ‘top air polluter’
(Updated Fri, Aug. 17, 4:30 p.m. with comments from Textron) Textron Inc. – the Providence-based company that includes Bell Helicopter and Cessna Aircraft – was named the No. 2 corporate air polluter in America by researchers at the Political Economy Research Institute at the University of Massachusetts Amherst. more
| 8/15/12
U.S. stock futures fall as New York-area manufacturing shrinks
U.S. stock-index futures dropped, indicating the Standard & Poor’s 500 Index will fall for a third straight day, after a Federal Reserve report showed manufacturing in the New York area unexpectedly contracted. more
Summer Infant posts net loss in 2Q
Juvenile health, safety and wellness product maker Summer Infant Inc. posted a net loss of $424,000, or 2 cents per diluted share, for the three months ended June 30, compared to a $921,000, or 5 cents per diluted share, gain during the same period in 2011. more
| 8/14/12
Gas prices rise 7 cents in R.I., 9 cents in Mass.
Gas prices rose 7 cents this week in Rhode Island and 9 cents in Massachusetts, according to AAA Southern New England. more
| 8/14/12
Cooley gains capital from Webster
Cooley Group, a flexible composites manufacturer based in Pawtucket that helped create the London Olympic Stadium wrap pictured above, announced Monday that it has secured a $25 million loan from Webster Business Credit Corp. more
Nortek moves into the black in 2Q
Nortek Inc. reported net income of $18.5 million, or $1.19 per diluted share, during the second quarter of 2012, compared with a net loss of $31.9 million, or $2.11 per diluted share a year earlier, the company announced late Thursday. more
| 8/10/12
Sea Corp lands $29M NUWC contract
Systems and engineering services supplier Sea Corp was awarded a $29 million contract to provide laboratory support services, fabrication, repair, installation and maintenance services to the Naval Undersea Warfare Center in Newport. more
U.S. productivity rises 1.67% in 2Q
Productivity in the United States increased 1.67 percent and unit labor costs rose 1.7 percent in the nonfarm business sector during the second quarter of 2012, reported the U.S. Bureau of Labor Statistics. more
| 8/8/12
Oil drops from two-month high in N.Y. as U.S. demand eases
Oil slid from the highest close in more than two months as investors sold contracts on speculation that recent gains were excessive amid signs of weakening demand in the U.S, the world’s biggest consumer of crude. more
NIST discusses the future of U.S. manufacturing at RISD
Bridging the gap between cutting edge research and new commercial applications is central to America’s future in advanced manufacturing, the director of a new federal manufacturing initiative told industry and government leaders gathered at the Rhode Island School of Design on Tuesday morning. more
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