Manufacturing
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Richline Group to acquire Rio Grande
Berkshire Hathaway Inc. subsidiary Richline Group Inc. will acquire Albuquerque, N.M.-based Rio Grande from The Bell Group Inc. effective Jan. 1, the company announced Friday. more
| 12/28/12
Covidien earnings rise to $1.9B in 2012
Medical technology maker Covidien PLC reported fourth-quarter earnings of $461 million, or 95 cents per diluted share, a rise of 2.2 percent from the $451 million, or 92 cents per diluted share reported during the same period in 2011. more
| 11/12/12
Hasbro issues CSR report update for 2011
Local toy and game maker Hasbro Inc. has made progress on a variety of corporate social responsibility initiatives, including a reduction in greenhouse gas emissions and reduced water use, according to the company’s 2011 CSR report update. more
| 12/4/12
Leading economic indicators continue to rise in April
An index of Rhode Island’s leading economic indicators, produced by e-forecasting.com and Providence Business News, rose 1 percent in April. more
Firm steeled for auto-design fight
Carmakers on a frantic push to meet rising, federal fuel-economy standards are looking everywhere for new materials – from carbon fiber to plastics – that will make their vehicles lighter and more efficient. more
R.I. exports surge 20.7% in August as U.S. exports fall
Exports from the Ocean State increased 20.7 percent in August after falling 14.3 percent in July on a month-to-month basis, according to an international trade statistics report from e-forecasting.com more
| 10/24/12
Nortek forms ‘Core Brands’ segment
Residential and commercial ventilation maker Nortek Inc. has formed Core Brands, a new group that combines the product and marketing capabilities of 10 formerly independent audio, power management and control brands operating within the company’s technology solutions segment. more
| 8/27/12
R.I. exports up in 1Q but fall in March from February
Exports from Rhode Island plunged 19.9 percent to $212.6 million in March after reaching a record high of $265.5 million in February, according to an international trade statistics from e-forecasting.com. more
Summer Infant profits plummet in 3Q
Juvenile health, safety and wellness product maker Summer Infant Inc. posted a net loss of $65.4 million, or $3.65 per diluted share, for the three months ended Sept. 30, compared with a $2.1 million, or 11 cents per diluted share, gain during the same period in 2011. more
| 11/14/12
Six-month export growth benefits R.I. companies
Rhode Island merchandise exports increased 9 percent during the first half of 2012 compared with the same period in 2011, growing from $1.1 billion to $1.2 billion, according to data released by the International Trade Administration. more
| 8/27/12
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