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Top News & Analysis Rhode Island

  • NEW HAVEN, Conn.— Alexion Pharmaceuticals Inc. is relocating its headquarters from New Haven, Connecticut, to Boston and cutting 20 percent of its global workforce, the company said Tuesday. About 400 jobs will move to Boston by the middle of next year, though the company will maintain a research and development center in New Haven with about 450 employees, it said.

  • Dennis Keefe has served as the president and chief executive officer of Providence- based Care New England since August 2011. Care New England said Monday that Keefe will retire Dec. 31. In May, Care New England reported a $40 million operating loss for the first half of the fiscal year.

  • 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."

  • WASHINGTON, July 14- President Donald Trump turned up the heat on Friday on fellow Republicans in the U.S. Senate to pass a bill dismantling the Obamacare law, but with their retooled healthcare plan drawing fire within the party even one more defection would doom it. Republicans control the Senate by a 52-48 margin and cannot afford to lose more than two from...

  • PROVIDENCE, R.I., July 14- Canadian Prime Minister Justin Trudeau on Friday said U.S. Although Trudeau said last month he had pressed Trump to exclude Canada, his remarks on Friday were the first to reveal the president's response. "I've heard from President Trump as well that he does not think that Canada should be subject to national security concerns around the...

  • PROVIDENCE, R.I., July 14- Canadian Prime Minister Justin Trudeau told reporters on Friday that U.S. President Donald Trump told him that he did not expect to subject Canadian steel and aluminum to face tariffs on national security grounds. "I've heard from President Trump as well that he does not think that Canada should be subject to national security concerns...

  • Amazon and Whole Foods declined to comment. Whole Foods rose 0.3 percent to $42.10. "Amazon's proposed purchase of Whole Foods could impact neighborhood grocery stores and hardworking consumers across America," the Rhode Island Democrat said in a statement.

  • WASHINGTON, July 14- President Donald Trump turned up the heat on Friday on fellow Republicans in the U.S. Senate to pass a bill dismantling the Obamacare law, but with their retooled healthcare plan drawing fire within the party even one more defection would doom it. Republicans control the Senate by a 52-48 margin and cannot afford to lose more than two from...

  • July 12- Five states still face budget uncertainty nearly two weeks after the start of the July 1 fiscal year, a high number compared to years past, the executive director of the National Association of State Budget Officers said on Wednesday. Connecticut, Wisconsin and Rhode Island's legislatures have not yet passed a budget, while Massachusetts' budget awaits...