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Top News & Analysis Rhode Island

  • The toymaker's shares rose nearly 9 percent to $90.00 in premarket trading on Monday, on track to open at a record high. The company also benefited from strong demand for dolls based on DreamWorks' "Trolls" movie, which was released in the United States in November. Demand for toys rose only 5 percent, compared with the estimate of 6.5 percent, hurt by increased...

  • Feb 6- Hasbro Inc reported better-than-expected quarterly revenue and profit, helped by strong demand for its Disney Princess and Frozen dolls in the all-important holiday selling season in the United States. The film released in November last year in the United States. Net income attributable to Hasbro rose to $192.73 million, or $1.52 per share, in the...

  • Feb 6- Hasbro Inc reported an 11.2 percent rise in quarterly revenue on Monday, helped by strong demand for its Disney Princess and Frozen dolls in the all-important holiday selling season in the United States. Net income attributable to Hasbro rose to $192.73 million, or $1.52 per share, in the fourth quarter ended Dec. 25, from $175.76 million, or $1.39 per share, a...

  • *To buy Arctic Cat for $247 mln to push into RV market. Textron opted to forego sales in the latest quarter, rather than cut prices, Chief Executive Scott Donnelly said, adding the company would make fewer of certain Cessna models this year and spend less on the aviation unit, its biggest. As a result, Textron posted a steeper-than-expected drop in fourth-quarter...

  • BOSTON, Jan 23- Smarting from its biggest-ever yearly loss, hedge fund Viking Global Investors has reordered its stock picking team and plans to invest more money in financial and consumer stocks and less in pharmaceutical stocks, its co-founder told clients. The $30 billion firm's biggest portfolio, Viking Global Equities, lost 4 percent last year, marking...

  • A shooter takes aim with a Remington Model 700 SPS Varmint rifle at the Spurwink Rod and Gun Club in Cape Elizabeth, Maine, Jan. 28, 2013.

    Several attorneys general are urging a federal judge to reject a proposed class action settlement involving allegedly defective Remington rifles.

  • Jan 12- New York Governor Andrew Cuomo this week proposed to develop up to 2,400 megawatts of offshore wind power by 2030 capable of powering 1.25 million homes as the state seeks to lead the nation in renewable energy production. The offshore wind proposals include Deepwater Wind's 90- MW South Fork project to be built about 30 miles southeast of Montauk that...

  • Jan 9- The U.S. Supreme Court on Monday boosted one of the tech industry's go-to defenses in suits to hold websites liable for content posted by others, rebuffing an appeal by women who accused an online ad site of promoting child sex trafficking. The women sued Backpage and several of its parent companies in Boston federal court in 2014, alleging they were "...

  • The refusal by the justices to take up the women's appeal in the case involving the advertising website Backpage.com marked a victory for the tech industry, which could have faced far-reaching consequences had the Supreme Court decided to limit the scope of the Communications Decency Act, passed by Congress in 1996 to protect free speech on the internet.

  • WASHINGTON, Jan 5- Senate Democrats on Thursday demanded an ethics probe into Tom Price, President-elect Donald Trump's pick for U.S. health secretary, following a report that the fierce Obamacare critic traded in healthcare company stocks while pushing legislation in Congress that could affect those shares. Price is an orthopedic surgeon and a Republican...

  • WASHINGTON, Dec 28- Democrats on the U.S. Senate's environment panel on Wednesday asked President-elect Donald Trump's choice to head the Environmental Protection Agency to disclose his ties to the energy industry ahead of his confirmation hearing early next year. The six senators sent a letter to Scott Pruitt, who as Oklahoma Attorney General led several...

  • WASHINGTON, Dec 28- Democrats on the U.S. Senate's environment panel on Wednesday asked President-elect Donald Trump's choice to head the Environmental Protection Agency to disclose his ties to the energy industry ahead of his confirmation hearing early next year. The six senators sent a letter to Scott Pruitt, who as Oklahoma Attorney General led several...

  • Hillary Clinton speaks as Donald Trump looks on during the town hall presidential debate at Washington University on October 9, 2016 in St Louis, Missouri.

    Mostly Democratic lawmakers want their states to join a 10-year-old movement to work around the Electoral College.

  • Dec 15- For nearly two years, a killer stalked the patients of Providence Alaska Medical Center. It was a bacteria called Acinetobacter baumannii, a common cause of infections in hospitals. After a rash of mild cases in early 2011, doctors began seeing highly drug-resistant infections in patients, said Dr Megan Clancy, an infectious-disease specialist at the...

  • Dec 12- Privately held power developer Deepwater Wind said on Monday that commercial operations had begun at its Block Island Wind Farm, which will deliver electricity into New England' s grid. This will be the United States' first offshore wind farm and will supply most of the power on Block Island, Rhode Island, according to the company's website.

  • BOSTON, Dec 6- Massachusetts, already a large investor in some of the world's biggest hedge funds, wants to hire an adviser to help find smaller managers that could improve the $63.2 billion state pension fund's risk and return profile. The Pension Reserves Investment Management Board on Tuesday voted to issue a request for proposals for advisers to assist in...

  • Dec 2- Windpower developer Deepwater Wind said on Friday its 30- megawatt wind farm located offshore from Block Island, Rhode Island, has completed the testing phase and is expected to start commercial operations in a few days. Deepwater, which is principally owned by an entity of investment firm D.E. Shaw Group, said it is currently finalizing operations...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges of polluting the seas and trying to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. U.S. investigators began to probe the ship's actions after a whistle-blower engineer reported an illegal dump off the coast...

  • Online sales on Friday hit $1.70 billion as of 3 p.m. EDT, according to Adobe Digital Index, after reaching $1.13 billion for the day on Thursday, up almost 14 percent from a year ago. The National Retail Federation has said it expects total sales this holiday season to increase by 3.6 percent to $655.8 billion, mainly due to the rise in online shopping.

  • Online sales on Friday hit $1.65 billion as of 1 p.m. EDT, according to Adobe Digital Index, after reaching $1.13 billion for the day on Thursday, up almost 14 percent from a year ago. The National Retail Federation has said it expects total sales this holiday season to increase by 3.6 percent to $655.8 billion, mainly due to the rise in online shopping.