Manufacturing
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RNB-Richardson acquired by McGill Hose & Coupling
Rubber product supplier RNB-Richardson Inc. - also known as RNB Supply Inc. - has been acquired by East Longmeadow, Mass.-based McGill Hose & Coupling Inc., McGill representatives announced Tuesday. more
| 9/4/12
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
Textron’s Cessna signs agreement with NetJets Inc.
Textron subsidiary, Cessna Aircraft Co., has signed a purchase agreement with Berkshire Hathaway subsidiary NetJets Inc. more
Textron profits rise 6.3% in 3Q
Textron Inc. – parent of Bell Helicopter, Cessna Aircraft Company and Textron Systems – saw its profits increase by 6.3 percent to $151 million during the third quarter of 2012, the company reported Wednesday. more
| 10/17/12
U.S. economy grew 1.9% in 1Q on consumer spending
The U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. more
Hasbro revenue falls 7% in 2Q
Revenue for Hasbro Inc. fell 7 percent to $811.5 million in the second quarter of 2012 compared with $908.5 million for the same 2011 period. more
| 7/23/12
NanoSteel hopes to deliver auto-industry advance
There are big things happening at NanoSteel, the Rhode Island-based designer of nano-structured steel materials, with a long history in steel coating. more
Hasbro retains sustainable printing label at Mass. facility
As part of Hasbro Inc.’s corporate responsibility strategy, one of its Massachusetts-based facilities has been “green” printing re-certified for a third consecutive year. more
Philips Lightolier lays off workers, faces tax credit questions
As many as 30 workers at Philips Electronics subsidiary Philips Lightolier were laid off last week, sparking an examination by city officials, reported the Fall River Herald. more
| 9/10/12
Textron sees jet market gain with fewer used planes put on sale
Textron Inc.’s Cessna Aircraft and other business-jet makers stand to benefit as the supply of secondhand small planes on sale returns to normal levels, Chief Executive Officer Scott Donnelly said. more
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