Twin River Worldwide Holdings plans to make its Providence headquarters in the Wexford Innovation Complex in the I-195 District, the company said Monday. Twin River has signed a letter of intent to occupy 12,000 square feet on the sixth floor of the Wexford building. If everything goes according to plan, the company said it will […]
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Chipotle Agrees To $1.3 Million Penalty For Violating Mass. Child Labor Laws
Chipotle Mexican Grill on Monday agreed to pay $1.37 million in restitution and penalties for violating child labor laws in Massachusetts, in the largest child labor investigation in the history of the state attorney general’s office.
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Prosecutor: Former top stockbroker ‘built business on lies’
A former financial planner who was kicked out of the securities industry and ordered to pay millions of dollars in damages to customers he allegedly tricked into high-risk investments is on trial in Pennsylvania. Some clients say they lost their life savings because of Anthony Diaz. The ex-broker has pleaded not guilty to criminal fraud charges. His federal trial began Monday in Scranton. A prosecutor accused Diaz of using lies and deceit to get customers to invest in financial products that weren’t meant for them. His lawyer says Diaz was trying to help his clients diversify after the last financial crisis.
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Woodward, Hexcel attempt to become a force in aerospace
Woodward and Hexcel are merging in an all-stock deal that would create one of the largest suppliers in the aerospace and defense industry. The companies say the tie-up will allow them to create more efficient aircraft that will reduce emissions, a big hurdle for the aerospace industry. The new company, called Woodward Hexcel, will generate more than $5 billion in annual sales with a market capitalization nearing $14 billion and more than 16,000 employees. Woodward Hexcel will have manufacturing operations in 14 countries on five continents. The deal is expected to close in the third quarter.
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CT-Based Insurer Says It Will Stop Covering Some Fossil Fuel Businesses
A major U.S. insurer headquartered in Connecticut said it will cut ties with certain fossil fuel companies. The Hartford said in December that it will no longer invest in or provide insurance coverage to companies that generate more than a quarter of their revenues from coal mining or the extraction of oil from tar sands. […]
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Senate OKs big changes to how Americans save for retirement
A major change to how Americans save for retirement is close to becoming law. The Senate on Thursday passed the Secure Act as part of its massive spending package. President Donald Trump is expected to sign it into law. The Secure Act is designed to help more people save more for retirement. Its provisions include making it easier for small businesses to band together to offer retirement plans to employees. It also allows long-term part-time employees to gain access to workplace retirement plans. And it raises the age when retirees must draw from retirement savings.
Posted inArticle, Business, Environment
Regional Effort To Cut Transportation Emissions Faces Resistance From Rural New England States
Public comment is open on a new regional framework for limiting carbon emissions from vehicles – the largest source of planet-warming greenhouse gases in the Northeast.
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FAA boss said concerned Boeing eager for quick return of Max
The head of the Federal Aviation Administration is concerned that Boeing is pushing for an unrealistically quick return of its grounded 737 Max and appears to be pressuring the regulator. That’s according to a senior FAA official who relayed Dickson’s concerns to Congress. Meanwhile, Boeing’s CEO met with FAA Administrator Stephen Dickson to discuss the ongoing grounding of the plane. The meeting comes as evidence grows that the Max grounding will drag on even longer. American Airlines is now removing the plane from its schedule until at least early April, a month longer than before.
Posted inArticle, Business, Politics
City Council Blames Oversight Issues For Fall River Pot Shop Congestion
When the only recreational marijuana facility in Fall River opened less than a year ago, it was heralded as an economic boom for the city as thousands of visitors from all over the region came to spend money on cannabis products.
But recent complaints about traffic, noise, and air pollution around the dispensary call attention to a lack of planning and oversight by the city in the name of profits.
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After 1 Year, Mass. Weed Stores Undersupplied, Still Competing With Black Market
One year ago this week, the first adult-use marijuana stores opened in Massachusetts. One of the state’s goals was to move cannabis off the black market. But illegal sales haven’t stopped — and licensed stores are having a tough time getting enough marijuana to meet demand.
