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Hasbro reports $171M loss in Q3, cuts full-year revenue outlook

PAWTUCKET – Hasbro Inc. on Thursday reported a loss of $171 million in the third quarter of 2023, following a year-ago profit of $129.2...
DR. RAJ HAZARIKA, chief medical officer for commercial products at Point32Health, third from left, speaks during one of two panel discussions at Providence Business News’ Fall 2023 Health Care Summit on Wednesday. Also on the panel is, from left, Dr. Michael Wagner, CEO and president of Care New England Health System; Dr. Scott Rivkees, professor at Brown University's School of Public Health; and John Fernandez, CEO and president of Lifespan Corp. Moderating at right is PBN Editor Michael Mello. PBN PHOTO/MIKE SKORSKI

PBN summit panelists: AI could improve aspects of R.I.’s health care...

WARWICK – While Rhode Island’s health care industry is bouncing back after an “incredibly difficult” year in 2022, providers still have a long way...
THE WASHINGTON TRUST Bancorp Inc. reported a net income of $11.2 million in the third-quarter Tuesday, during what company chairman and CEO Edward O. Handy III called “difficult operating conditions." / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust reports $11.2M profit in Q3, a 40% drop from...

WESTERLY – The Washington Trust Bancorp Inc. on Tuesday posted a third-quarter profit of $11.2 million, down 40.2% from $18.7 million it reported in...
PRESIDENT JOE Biden looks on as Commerce Secretary Gina Raimondo speaks on the South Lawn of the White House in Washington during a news conference in August. The Biden administration is designating 31 “tech hubs” in 32 states and Puerto Rico to help spur innovation and create jobs in the specific industries that are concentrated in these areas. / ASSOCIATED PRESS FILE PHOTO / CAROLYN KASTER

Biden names tech hubs across 32 states, including R.I., to create...

REHOBOTH BEACH, Del. (AP) – The Biden administration is designating 31 technology hubs across 32 states, including Rhode Island's proposal for an Ocean Tech Hub, and...
THE R.I. OFFICE OF REVENUE ANALYSIS has issued a report that finds the state's Jobs Development Act tax incentive program failed to break even in tax years 2019 to 2021 on a "general revenue basis." / PBN FILE PHOTO/CASSIUS SHUMAN

State report: Jobs Development Act fails to break even, but what...

A new state report on Rhode Island's tax incentive program Jobs Development Act shows that the program, which offers tax breaks to companies creating...

Lists: Chief Security Officers

Total local IT staff: 4,573 The complete list is available for purchase online. For information about participating in PBN’s Top Lists, or to make additions or...
A NEW POLL from the University of Rhode Island shows that state and local K-12 education funding should increase, the state’s economy is not strong and residents have low levels of trust in governments. / PBN FILE PHOTO/CASSIUS SHUMAN

URI poll: Education funding should increase, trust in government low

SOUTH KINGSTOWN – Rhode Islanders feel that state and local K-12 education funding should increase and support investment in the blue economy but they...

Providence commission OKs updated plans for 75-unit development in Fox Point

PROVIDENCE – After a lengthy discussion Tuesday, the City Planning Commission approved updated plans to develop a five-story, mixed-use property in the Fox Point...

Bank of America profits jump 10% but warns of slowing spending...

NEW YORK (AP) – Bank of America Corp. posted a 10% rise in third-quarter profits Tuesday, helped by higher interest rates that allowed the...

R.I. recreational cannabis sales hit $7.1M in September

PROVIDENCE – Recreational cannabis receipts in Rhode Island reached $7.1 million in September, rising for the 10th consecutive month and continuing the upward trend...
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