Updated March 2 at 7:02pm
Local News
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U.S. stocks fluctuated with the Dow Jones Industrial Average near a record as investors dissected earnings, while data showed higher jobless claims and consumer spending. more
Even with a ban on tobacco sales forecast to slow earnings, CVS Caremark Corp. shareholders still can’t seem to kick the habit of owning the stock. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income dropped 28.6 percent in the first quarter to $85 million, or 30 cents per diluted share, due in part to restructuring costs incurred by the manufacturer’s acquisition in March of Beech Holdings LLC. more
Nortek Inc. announced Wednesday that it has completed its acquisition of the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly owned subsidiary of international power and automation manufacturer ABB Ltd. more
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, posted a net loss of $1.1 million, or 7 cents per share, for the first quarter of 2014, reversing net income of $2 million, or 13 cents per share, reported for the same period last year. more
The R.I. Department of Environmental Management has selected 17 projects, from among 92 applicants, to receive a total of $210,000 in funding from the Local Agriculture and Seafood Act Grants Program. more
The Providence Journal posted a 2.7 percent gain in first-quarter revenue to $21.2 million, according to a U.S. Securities and Exchange Commission filing made public Wednesday. more
The U.S. economy barely grew in the first quarter as harsh winter weather chilled investment and exports dropped. The expansion stalled even as consumer spending on services rose by the most in 14 years. more
Kahn, Litwin, Renza & Co. Ltd. has announced that Lawrence I. Kahn, managing director and president of the accounting and business-consulting firm, will retire effective May 31. more
Two Rhode Island groups have received grants from Third Sector New England, a Boston-based nonprofit-support organization, to maintain projects to promote co-operative businesses and end racial profiling in the state. more
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