BUSINESS & ECONOMY

With the sale of the Boston Herald to a Colorado media company, Boston will remain a two-newspaper town.

Digital First Media outbid would-be buyers Gatehouse Media and Revolution Capital Group, paying $11.9 million for the paper.

The Herald’s auction came after publisher Patrick Purcell filed for Chapter 11 bankruptcy on Dec. 8, 2017, citing declining revenue and readership.

Members of Connecticut’s U.S. congressional delegation are calling for an investigation into the Department of the Interior over a decision on a new tribal casino in the state.

MassMutual's offices in Enfield, Connecticut, which will close as part of an expansion in Massachusetts.
Don Treeger / The Republican

A town official in Enfield, Connecticut, said he was surprised by the news its largest taxpayer will be leaving, but is confident another corporation will take its place.

Updated at 5:05 p.m. ET

A day after dropping more than 1,000 points, the Dow rebounded Friday to close up more than 300 points. But the index lost nearly 5 percent for the week as the markets focused on rising interest rates, inflation and ballooning government debt.

The MassMutual headquarters in Springfield, Massachusetts.
Dave Roback / The Republican / masslive.com/photos

Massachusetts Mutual Life Insurance Company plans to nearly double its Bay State workforce over the next few years, consolidating offices around the country as part of plan that includes a newly disclosed package of state incentives worth roughly $46 million, the company announced Thursday.

MassMutual has announced it’s closing its facility in Enfield, and moving all of its employees there over the border to its headquarters in Springfield. 

Governor Chris Sununu says it looks unlikely new offshore drilling would affect New Hampshire, but regional fishery managers are still worried.

The U.S. Department of the Interior says it wants to open most of the nation's coastline to new oil and gas leases. Sununu opposes drilling off New Hampshire's Seacoast, and says Interior Secretary Ryan Zinke assured him the North Atlantic won't be high priority.

The stock market swung dramatically up and down on Wednesday, ending about where it started the day — after record losses earlier in the week. President Trump's top economic adviser says it's important to keep the volatility in context.

"The fact is that the fundamentals for the economy are very sound," Kevin Hassett says in an interview with NPR. "Wages are going up a lot. Even in the employment report that came out last week, we saw the highest rate of wage growth in about a decade."

Casino mogul Steve Wynn speaks with the press about his casino project, now called Wynn Boston Harbor, in Everett, in a file photo.
Jesse Costa / WBUR

Casino mogul Steve Wynn has resigned as chairman and CEO at Wynn Resorts amid sexual misconduct allegations.

Wynn Resorts said Tuesday the resignation is effective immediately.

A key Vermont Senate committee has given its approval to legislation increasing the state minimum wage to $15 an hour over a 6-year period. 

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