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Top News & Analysis Rhode Island

  • Jack Reed says the passage of bipartisan legislation to expand college aid for military veterans is a remarkable example of the good Congress can do when its members work together. Reed discussed the bill's benefits with veterans and education leaders attending a conference in Providence on Tuesday for the National Association of State Approving...

  • NEWPORT, R.I. _ Pangaea Logistics Solutions Ltd. on Monday reported a second-quarter loss of $4.7 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Newport, Rhode Island- based company said it had a loss of 13 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MIDDLETOWN, R.I. _ Towerstream Corp. on Friday reported a loss of $3.5 million in its second quarter. The Middletown, Rhode Island- based company said it had a loss of 24 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON— Actions by the Trump administration are triggering double-digit premium increases on individual health insurance policies purchased by many people, according to a nonpartisan study. The analysis released Thursday by the Kaiser Family Foundation found that mixed signals from President Donald Trump have created uncertainty "far outside the...

  • MENLO PARK, Calif.— A 28- year-old former Google engineer who was fired over a memo he wrote about gender differences said Tuesday he's exploring all his legal options and has already filed a labor complaint over his treatment. James Damore, whose memo over the weekend caused an uproar online, said in an email that he was terminated late Monday for "perpetuating...

  • CVS Health beat second-quarter expectations and narrowed its 2017 forecast despite a continued sales slump from established drugstores that it is working to fix. CVS Health and its competitors have been struggling to draw customers into their stores for a few quarters now, as they compete for attention with many other retail options, including a burgeoning...

  • WOONSOCKET, R.I. _ CVS Health Corporation on Tuesday reported second-quarter net income of $1.1 billion. Nineteen analysts surveyed by Zacks expected $45.36 billion. For the current quarter ending in October, CVS Health expects its per-share earnings to range from $1.47 to $1.50.

  • LAS VEGAS— A Las Vegas federal judge set bail of $30,000 on Friday for a celebrated young British cybersecurity researcher accused by U.S. prosecutors of creating and distributing malicious software designed to steal banking passwords. "This is excellent news," said Nicholas Weaver, a computer scientist at the University of California at Berkeley.

  • The negotiations with Lions Gate ended last week because of price disagreements, the sources said, asking not to be identified because the talks were confidential. Lions Gate declined to comment. Shares of Lions Gate were trading almost flat at $29.25, representing an overall market value of close to $5.9 billion.

  • 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-...

  • 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...

  • *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...

  • 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."