Lori Stabile, Author at Providence Business News

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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.

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

Economy 04/26/2017

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

Economy 04/26/2017

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,...

BROWN UNIVERSITY has the best return on investment among Rhode Island institutions of higher learning, according to a report from PayScale. / COURTESY BROWN UNIVERSITY

Report: Brown’s return on investment best in R.I.

Economy 04/25/2017

PROVIDENCE – Brown University is the best school for return on investment in Rhode Island, according to the PayScale 2017 College ROI Report released...

CADENCE INC. reported a nearly 7 percent decline in net income, but a 2.7 percent increase in sales in the first quarter, the company said Tuesday.

Cadence reports profit decline, revenue increase in 1Q

Capital Goods 04/25/2017

CRANSTON – Cadence Inc. reported a nearly 7 percent decline in net income from continuing operations, but a 2.7 percent increase in sales in...

SENSATA TECHNOLOGIES reported first-quarter net income of $71.7 million, or 42 cents per diluted share, compared with $60.6 million, or 35 cents per diluted share, a year ago. / COURTESY SENSATA TECHNOLOGIES

Sensata posts profit, revenue increases in 1Q

Capital Goods 04/25/2017

ATTLEBORO – Sensata Technologies Inc. reported increases in net income and revenue in the first quarter that ended March 31, the company said Tuesday. Sensata,...

HASBRO'S PIE FACE game helped boost sales for the company in the first quarter. / COURTESY HASBRO INC.

Games fuel Hasbro first quarter growth

Capital Goods 04/24/2017

PAWTUCKET – Hasbro Inc. profit and revenue climbed in the first quarter, thanks to a nearly 43 percent jump in sales of new games...

HOME PRICES in the Providence-Warwick-Fall River metropolitan area rose 5.3 percent over the year in February, to $267,000, according to Black Knight Financial Services. / COURTESY BLACK KNIGHT FINANCIAL SERVICES

Black Knight: Home prices climb in Prov. metro in February

Economic Activity 04/24/2017

PROVIDENCE – Home prices in the Providence-Warwick-Fall River metropolitan area rose 5.3 percent over the year in February, to $267,000, ranking it 14th lowest...

HIGH POINT, a waterfront estate on Ninigret Pond, sold for $4 million, Lila Delman Real Estate International said Friday. / COURTESY LILA DELMAN REAL ESTATE INTERNATIONAL

Charlestown’s High Point estate sells for $4M

Economic Activity 04/21/2017

CHARLESTOWN – High Point, a waterfront estate on Ninigret Pond, sold for $4 million, Lila Delman Real Estate International reported Friday. This marks the highest...

U.S. SEN. Sheldon Whitehouse said he has "heard from countless Rhode Islanders whose lives and communities have been turned upside down by the opioid addiction crisis … This money will be put to good use in Rhode Island to address this public health crisis we’re facing,” / COURTESY OFFICE OF U.S. SEN. SHELDON WHITEHOUSE

R.I. receives $2.2M to fight opioid epidemic

Economy 04/21/2017

PROVIDENCE – Approximately $2.2 million in federal funding has been awarded to the R.I. Department of Behavioral Healthcare, Developmental Disabilities and Hospitals to use...

R.I. TREASURER Seth Magaziner will announce the new managers of the $7 billion CollegeBoundfund on Wednesday during a press conference in his office. / PBN FILE PHOTO/ MICHAEL SALERNO

Magaziner: Public debt tops $10B

Financial Services 04/20/2017

PROVIDENCE – More than $10.5 billion in debt has been accumulated by Rhode Island public issuers of debt, according to a Debt Affordability Study...

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