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November 21, 2017

Money

Bentley, Babson, BU, other Mass. schools named in 'Paradise Papers' offshore accounts

Earlier this month, the Consortium of Investigative Journalists (ICIJ) published The Paradise Papers, which revealed to the public the methods by which wealthy individuals and organizations eschew taxation by stashing large sums of money in offshore accounts. Now, a large number of Massachusetts colleges–including Smith College, Boston University, Mount Holyoke, Amherst College, and many others–have been named in

GE faces federal lawsuit over Fukushima nuclear disaster

General Electric Co., the Boston-based conglomerate, is facing a federal lawsuit over its role in the Fukushima nuclear disaster in Japan in 2011. The class-action lawsuit against GE was filed Friday in federal court in Boston by a group that includes residents, medical clinics and companies operating in the area affected by the Fukushima nuclear

Viewpoint: Why does the price of turkeys fall just before Thanksgiving?

Thanksgiving is a great U.S. holiday during which people consume huge quantities of turkey, stuffing, cranberry sauce and pie. One of the stranger things about this holiday, however, is that a few days before everyone starts cooking, whole turkeys are suddenly discounted by supermarkets and grocery stores. And this happens every holiday season: The price falls just before

The state's coming fiscal storm

Cities and towns in Massachusetts have reached a tipping point, one in which the cost to provide basic services and benefits to public retirees has far outstripped the local revenue collected to fund those obligations. Source: Boston Biz

GE chief buys $1.1M in company's stock amid rough week

General Electric Co. CEO John Flannery bought $1.1 million in his company’s struggling stock earlier this week, according to a securities filing Friday, as GE shares rose 1 percent in early trading. The executive acquired 60,000 GE (NYSE: GE) shares at a price of $18.27 per share on Wednesday, the filing said. With the purchase,

Trillium to open winter beer garden in Roslindale

Trillium Brewing Co. will open a winter beer garden in Roslindale, after seeing massive success with a similar project in downtown Boston this summer.  The indoor beer garden, opening in partnership with Roslindale Village Main Street, will be located at the historic Roslindale Substation building. Opening some time in early December, the garden will be similar

Thanksgiving travel to be the busiest in 12 years, AAA says

AAA expects nearly 51 million Americans to hit the road for Thanksgiving travel next week, the highest volume for Turkey Day travel in a dozen years. Holiday travel is expected to rise 3.3 percent from 2016 numbers, an increase of 1.6 million travelers, AAA said. In Massachusetts, more than 1.1 million people expect to travel

Vibra acute-care center to close in Springfield

Vibra Hospital, a 220-bed long-term acute care center in Springfield, has filed notice with the state that it plans to close. The shutdown will occur in March, the hospital said in a press release. “We have struggled with this decision,” Gregory Toot, CEO of Vibra’s Springfield operations, said. “But reductions in health care reimbursement and

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