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Dustin Hoffman’s character in “The Graduate” may not have dedicated his life to plastics, but it worked out well for William Murray, the Lincoln native named president of Teknor Apex Co. last month. If the world is going to continue to rely on plastics in the future, the Pawtucket polymer technology company and leading U.S. maker of garden hoses is working on the compounds of the future.
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By Patrick Anderson |
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Orders for U.S. durable goods excluding transportation equipment climbed in January by the most in a year, showing companies are planning to expand capacity.
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Bloomberg News
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3/4/13
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The Internet has found local team-sports apparel. Long the domain of neighborhood sporting-goods shops or mom-and-pop screen printers, sales of uniforms and clothing for small teams – from Little League to corporate softball and high school wrestling – are migrating online like so many other consumer products.
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By Patrick Anderson |
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Despite taking a $6.4 million pre-tax loss from the retirement of debt, Nortek Inc., the maker of residential and commercial building products, posted net income of $9.5 million in 2012, reversing its loss of $55.9 million in the previous year.
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By PBN Staff
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EVANSTON, Ill. – Industrial employment in Rhode Island declined 2.2 percent over the past year according to the 2013 Rhode Island Manufacturers Register, an industrial directory published annually by Manufacturers’ News Inc.
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3/18/13
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It’s become a common question-and-answer scenario when Mike Reppucci tells someone about his business, Sons of Liberty Spirits Co.
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By Rhonda Miller |
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Rhode Island export growth is broadening beyond scrap metal.
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By Patrick Anderson |
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It’s a strange and wonderful time at Electric Boat. While most of the American defense sector contracts under federal budget cuts, the Groton, Conn.-based submarine builder is starting its largest expansion in a generation. At the company’s North Kingstown plant, Electric Boat is scaling up from 2,500 workers to potentially twice that number over the next eight years to develop the nation’s next ballistic-missile submarine. After years of cutbacks at Electric Boat, President Kevin J. Poitras is drawing on his 40 years of experience, which included the submarine arms race against the Soviet Union, to manage this new growth period.
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By Patrick Anderson |
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Sensata Technologies Holding N.V. reported a bottom line of $34.7 million, or 19 cents per diluted share, for the first quarter of 2013, a 10.9 percent decline from the $38.9 million, or 21 cents per diluted share, reported during the first quarter of 2012.
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By PBN Staff
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When Peter VanLancker, president of Hunt Yachts, joined the company two years after its inception, in 2000, he saw a solid business idea but a fledging execution for a boat-building business.
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By Rebecca Keister |