Wednesday, January 19, 2022



STILL BUSY: Sally Lapides, CEO and president of Residential Properties Ltd., says she believes demand for new homes will remain strong in 2022. / PBN PHOTO/MICHAEL SALERNO

Housing market forecast: ‘From ridiculous to hot’

Prospective homebuyers shouldn’t expect substantial relief on the horizon when it comes to house prices. Following a record-breaking year for the residential real estate market...
UNEASY FEELING: While Therese Sloane, a store leader for Ocean State Job Lot in North Kingstown, has gotten several raises during her time there, she is seeing expenses such as gas and utilities increase. / PBN PHOTO/MICHAEL SALERNO

Economic forecast: Inflation putting squeeze on companies, workers

Daniel Shedd has always made it a point to offer competitive wages to the workers of his Warren manufacturing company, but what he used...
PREP TIME: A man waits to receive a COVID-19 vaccine at a CVS pharmacy store in Buffalo Grove, Ill., earlier this month. The Woonsocket-based chain has plans to put emphasis on primary care at some locations. 

Primary care at CVS? The plan has critics

In a world of quick, ­convenient services such as Uber, Doordash and Amazon Prime that consumers have at their fingertips, CVS Health Corp. sees...
­COORDINATING COVERAGE: HealthSource RI Director Lindsay Lang, third from left, meets with staff members, from left, Contessa Brown, senior analyst; Leslie Racine Vazquez, operations manager; and Steve Micke and Katherine Rivera in customer service. / PBN PHOTO/MICHAEL SALERNO

HealthSource RI seeing big benefits from ARPA

The calls from doubting policyholders have been coming into HealthSource RI recently as they express concern that there might have been a mistake on...

Cellphone bans in the workplace reexamined

Cellphones in the workplace can be a distraction – but they could also save your life. In the aftermath of a devastating tornado ripping through an
IN THE CARDS: Navigant Credit Union offers “instant issue” banking cards to members at its branches, but Timothy J. Draper, senior vice president of marketing, says Navigant and other financial institutions have seen shipments of new cards from vendors slow because of a chip shortage. / PBN PHOTO/MICHAEL SALERNO

Financial institutions brace for chip shortage

Fewer choices at car dealerships and barren Best Buy shelves are the most obvious signs of the global semiconductor chip shortage – new motor...
NEW NAME, SAME FACES: Steven Monacelli, right, co-founder of Rhode Island accounting firm Restivo Monacelli, talks with staff member Ann McQueeney. Monacelli says the firm’s acquistion by WithumSmith + Brown PC allows the agency to provide more services. Monacelli is now a partner at Withum. / PBN PHOTO/MICHAEL SALERNO

Local accounting firms disappearing in ‘upward mergers’

Cranston accountant David E. Fontes has gone through four sets of business cards, email addresses and company logos in the last 17 years. But he’s...
FEELING WARY: Steven M. Parente, executive vice president and director of retail banking for Bank Rhode Island, says the bank has taken steps to prevent scammers from tricking customers who use a peer-to-peer payment platform. / PBN PHOTO/MICHAEL SALERNO

A bank phishing scam that hooks younger customers

The nightmare begins with a text message that appears to come from the bank, alerting the customer to a suspicious, unauthorized transaction. Thousands of dollars...
KEEPING TRACK: Spencer Blier, right, founder and CEO of licensed marijuana cultivator Mammoth Inc. in Warwick, watches as Rob Cornell harvests some of the product. Blier says banking and tax accounting are made more difficult because federal law prohibits the cannabis industry. / PBN FILE PHOTO/MICHAEL SALERNO

For cannabis industry, bookkeeping not easy

Stories of cannabis business owners carrying around backpacks filled with cash while doing business are symbolic of an industry saddled with the challenges that...
HOT PROPERTY: Michael Giuttari, left, president of Providence-based MG Commercial Real Estate Services Inc., and MG Vice President Julie Freshman outside Phillipsdale Landing in East Providence, which was listed for sale in August at $9 million.  / PBN PHOTO/MICHAEL SALERNO

Big property deal is indicator of interest in E.P. waterfront

Sprawling expanses of land along the East Providence waterfront that were once used for heavy industrial purposes are now presenting new opportunities for commercial...

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