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Lori Stabile

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Lori Stabile joined Providence Business News as the web editor in September 2014. Prior to joining PBN, she was a reporter and bureau chief for The Republican in Springfield, Mass., and a reporter for the Kent County Daily Times in West Warwick, R.I. She holds a bachelor’s degree in journalism and English from the University of Rhode Island.
FORECLOSURE PETITIONS rose nearly 6 percent in March in Massachusetts, to 1,247 compared with 1,179 filed in March 2016, The Warren Group, publisher of Banker & Tradesman, said. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Foreclosure petitions rise statewide in Mass., but fall in Bristol County

BOSTON – Foreclosure petitions rose nearly 6 percent in March in Massachusetts to 1,247 compared with 1,179 filed in March 2016, The Warren Group,...
A FORMER employee of Alex and Ani LLC is seeking damages to remedy what he called “unlawful employment discrimination” that he suffered due to his sex and religion in a lawsuit he filed against the company last month in U.S. District Court. / COURTESY ALEX AND ANI LLC

Former Alex and Ani employee alleges sex, religious discrimination

CRANSTON – A former Alex and Ani LLC employee is seeking damages to remedy what he called “unlawful employment discrimination” that he suffered due...
CVS HEALTH Corp. reported a 16.9 percent drop in net income, but a 3 percent increase in revenue, in the first quarter. / COURTESY CVS HEALTH

CVS reports profit dip, revenue increase in 1Q

WOONSOCKET – CVS Health Corp. reported a 16.9 percent drop in profit, but a 3 percent increase in revenue, in the first quarter. Net income...
BLOCK ISLAND Power Co. line worker Jim Stockman closes the circuit breaker, re-energizing the substation. On Monday, the Block Island Power Co. shut down its diesel-generating plant to transfer the island’s electrical system to Deepwater Wind LLC’s Block Island Wind Farm and National Grid’s Sea2Shore submarine cable. / COURTESY BLOCK ISLAND POWER CO.

B.I. electrical system transfers to Deepwater’s Block Island Wind Farm

BLOCK ISLAND – In the pre-dawn hours on Monday, Block Island went dark – on purpose. The Block Island Power Co. shut down its diesel-generating...
PROVIDENCE ranked 21st on Indeed's best cities for U.S. job seekers list. /COURTESY INDEED

Indeed: Providence one of best cities for job seekers

PROVIDENCE – Rhode Island’s capital city ranks as the 21st-best city for job seekers, according to Indeed, the online job site. Indeed, which released the...
A BEACHFRONT cottage at 101 Surfside Ave. sold for $2,075,000, Lila Delman Real Estate International said Friday. /COURTESY LILA DELMAN REAL ESTATE INTERNATIONAL

Charlestown cottage sells for $2M

CHARLESTOWN – A beachfront cottage at 101 Surfside Ave. sold for $2,075,000, Lila Delman Real Estate International said Friday. The two-level cottage, in the Quonochontaug...
THE PARENT OF the Providence Journal has purchased the Austin American-Statesman for $47.5 million. / PBN FILE PHOTO/BRIAN MCDONALD

Seven ProJo employees taking buyout, parent company New Media reports 1Q...

PROVIDENCE – At least seven Providence Journal employees have signed up to take the latest buyout offer, Providence Newspaper Guild President John Hill said...
ROCKLAND TRUST topped J.D. Power’s annual U.S. Retail Banking Satisfaction Study in New England. /COURTESY J.D. POWER

Rockland Trust tops J.D. Power Retail Banking Satisfaction Study

PROVIDENCE – Rockland Trust topped J.D. Power’s annual U.S. Retail Banking Satisfaction Study in the New England region, while Santander was last on the...
THE DEPARTMENT OF REVENUE reported that April continued a downward slide in the 2017 fiscal year with a 26.1 million dollar shortcoming from previous estimates.

DOR: Revenue fails to meet expectations fiscal YTD and in March

PROVIDENCE – State revenue was $43 million lower than forecast during the first nine months of the fiscal year, the R.I. Department of Revenue...
WOMEN & INFANTS Hospital of Rhode Island is one of the Care New England facilities that will be affected by layoffs. / COURTESY BROWN UNIVERSITY

Care New England announces layoffs, cites financial challenges

Updated 2:06 and 3:23 p.m. PROVIDENCE – A week after it announced it signed a letter of intent to join Boston-based Partners HealthCare of Massachusetts,...
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