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Top News & Analysis Rhode Island

  • WESTERLY, R.I. _ Washington Trust Bancorp Inc. on Monday reported second-quarter earnings of $13.2 million. The holding company for The Washington Trust Co. posted revenue of $54 million in the period. Keywords: Washington Trust Bancorp, Earnings Report.

  • PORTSMOUTH, R.I.— There's a new way to ride the rails in Rhode Island: by pedaling a rail bike beside picturesque Narragansett Bay. Rail Explorers opened in Portsmouth in April as part of the Newport and Narragansett Bay Railroad. Owners Mary Joy Lu and Alex Catchpoole, who are from Sydney, Australia, first saw rail bikes being used in South Korea.

  • July 24- Toymaker Hasbro Inc's quarterly sales scraped past analysts' estimates, marking its smallest beat in more than one and a half years, propped up by demand for its Transformers and Nerf toys in the United States. Hasbro's shares were down 5 percent at $110.25 before the bell on Monday. Jefferies analyst Stephanie Wissink said most of the company's revenue...

  • July 24- Hasbro Inc, the No. 2 U.S. toymaker, reported higher-than-expected quarterly sales and profit, helped by strong demand for its Transformers and Nerf toys in the United States. Net income attributable to Hasbro was $67.72 million, or 53 cents per share, in the quarter, compared with $52.11 million, or 41 cents per share, a year earlier. The Pawtucket, Rhode Island-...

  • The Pawtucket, Rhode Island- based company reported net income of $67.7 million, or 53 cents per share, in the three months ending July 2. Those results topped Wall Street expectations, with the average estimate of five analysts surveyed by Zacks Investment Research for earnings of 46 cents per share. Revenue rose 11 percent to $972.5 million, just below the $973...

  • July 24- Hasbro Inc, the No. 2 U.S. toymaker, reported a 10.6 percent rise in quarterly revenue, helped by demand for its Transformers and Nerf toys in the United States. Net income attributable to Hasbro was $67.72 million, or 53 cents per share, in the second quarter ended July 2, compared with $52.11 million, or 41 cents per share, a year earlier. The Pawtucket, Rhode...

  • PROVIDENCE, R.I. _ Citizens Financial Group Inc. on Friday reported second-quarter net income of $318 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Citizens Financial Group shares have fallen 1 percent since the beginning of the year.

  • PROVIDENCE, R.I.— A Connecticut man has been charged in what federal authorities say is a $5 million fraud scheme using his Rhode Island jewelry store. Gerald Kent, 51, of Groton, Connecticut, was ordered detained Thursday on charges of wire fraud and aggravated identity theft, according to the U.S. attorney's office in Providence. Kent owns Kent Jewelry in...

  • PROVIDENCE, R.I.— Hasbro is now offering a "Star Wars" Monopoly set for sale in the U.S. that includes the female character Rey after an uproar that started 18 months ago with an online plea by an 8- year-old girl to include her. The company began selling the set on its website a few days after The Associated Press reported Rey fans were still waiting to buy Monopoly sets...

  • WASHINGTON— President Donald Trump's push this week to get Americans to buy goods "made in America" is harder than it might seem. The gold-plated pens the president uses to sign laws are assembled in Rhode Island but lacquered and engraved in China. The firetruck the administration parked at the White House this week to promote U.S.-made goods gets about 10...

  • *Reaffirms FY adj profit of $2.40- $2.60/ shr. The company last month signed an agreement with China's Shaanxi Helicopter Co Ltd to deliver 100 Bell 407 GXPs. "Helicopter market continues to be stronger in China," Chief Executive Scott Donnelly said on a post-earnings call on Wednesday.

  • Textron, which also makes the Beechcraft and the Cessna aircraft, on Wednesday reaffirmed its adjusted earnings forecast of $2.40 to $2.60 per share for the year. Sales in the Providence, Rhode Island- based company's industrial business rose 10.9 percent to $1.11 billion in the second quarter. The company said its net income fell to $153 million, or 57 cents per...

  • PROVIDENCE, R.I. _ Textron Inc. on Wednesday reported second-quarter profit of $153 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Four analysts surveyed by Zacks expected $3.59 billion.

  • ORION TOWNSHIP, Mich./ DETROIT, July 17- General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM's vehicle inventory in the United States hit a 10- year high in June at 105 days supply.

  • ORION TOWNSHIP, Mich./ DETROIT, July 17- General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM's vehicle inventory in the United States hit a 10- year high in June at 105 days supply.

  • ORION TOWNSHIP, Michigan/ DETROIT, July 17- G eneral Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM's vehicle inventory in the United States hit a 10- year high in June at 105 days supply.

  • Elon Musk talks cars - and humanity's fate - with governors

    Musk spoke at a question-and-answer session at the summer conference of the National Governors Association in Rhode Island.

  • Bruce Rauner, governor of Illinois, left, delivers a budget address in the House Chamber of the State Capitol building in Springfield, Illinois.

    Tight revenues and uncertainty about the impact of federal tax and budget policies has ignited the worst state budget battles since 2007.

  • Tesla Motors CEO Elon Musk.

    Musk warned that government regulation of artificial intelligence is needed because it's a "fundamental risk to the existence of human civilization."

  • Musk spoke broadly about solar energy, space travel, self-driving cars and other emerging technology during a question-and-answer session at the summer conference of the National Governors Association in Rhode Island. He also met privately with some governors, including Louisiana Democrat John Bel Edwards, who recently signed a law that Musk's Palo Alto,...