Capital Goods
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Gasoline prices climbed back up again in Rhode Island this week while the Massachusetts average remained unchanged from a week ago, reflecting volatility in national gas prices, according to the weekly survey by AAA Southern New England. more
Industrial production climbed more than forecast in May, a sign gains in manufacturing are supporting growth as the U.S. economy picks up. more
Rhode Island’s manufacturing industry received poor marks relative to others in the U.S. in the 2014 Manufacturing and Logistics Report released on June 11 by Ball State University’s Center for Business and Economic Research. more
Gilbane Building Co. has named Michael McKelvy its new president and chief operating officer, the first non-family member to hold that position since the company’s founding in 1873. McKelvy joins Gilbane as William J. Gilbane Jr., who has served as president and COO since 2004, prepares to transition into a new role as the company’s vice chairman. more
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
The U.S. Department of Labor’s Employment and Training Administration has awarded a $2.5 million grant for advanced manufacturing initiatives to the Community College of Rhode Island. more
Nine months after launching its service connecting passengers to drivers of luxury cars in Providence, San Francisco-based Uber announced Friday it will expand its Rhode Island footprint to include Newport and Narragansett. more
General Motors Co., Ford Motor Co., Chrysler Group LLC and Nissan Motor Co. all reported U.S. sales that exceeded analysts’ estimates in May. GM and Chrysler said industrywide sales were stronger than projected. more
The cost of regular, unleaded gasoline in Rhode Island held steady from last week’s rate, but the state’s consumers are still paying four cents more for than the national average of $3.67 and three cents more than Massachusetts drivers, according to AAA Southern New England’s weekly survey. more
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