The latest Central Massachusetts business news
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Thursday, February 1, 2018
 
Boston Scientific estimates $861M tax bill on foreign earnings
 
Marlborough medical device maker Boston Scientific is reporting a fourth-quarter loss of $615 million, primarily due to an $861-million tax charge to bring the company’s foreign earnings back to the U.S.
 
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Milford office park proposes 272 affordable units
 
Burlington-based Gutierrez Co., developing a business park in Milford, is proposing a 59-acre, 272-unit affordable apartment complex to replace about 160,000 square feet of office space initially proposed as part of the project.
 
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UMass Medical Center interim president takes over
 
UMass Memorial Medical Center has officially handed the keys over to executive vice president and COO Jeff Smith, who took over for outgoing President Patrick Muldoon on Thursday, the hospital announced.
 
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Hanover annual net income up 17%
 
The Hanover Insurance Group in Worcester is reporting a strong fourth quarter and year, with net income of $51.5 million and $186.2 million, respectively.
 
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Discovery Museum delays opening of $8.8M renovation
 
Those hoping to catch a glimpse of Acton's new Discovery Museum after an $8.8-million renovation will have to wait just a little longer, as the museum has pushed back its opening date.
 
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Beechwood is Four Diamond hotel again, AAA says
 
The Beechwood Hotel in Worcester is again the only Four Diamond Hotel in Central Massachusetts, according to AAA Northeast.
 
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10 Things I know about ... Managed IT services
 
Managed service providers (MSP) offer technical support and monitoring for a fraction of the cost a full-time IT employee or IT department.
 
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Regional Roundup
 
 
Question of the Week
 
Tuesday we asked: A report by the Worcester Regional Research Bureau found 31 percent of Worcester workers would receive a pay bump if the state's minimum wage were increased to $15 per hour. Another 9 percent would receive raises to preserve a pay hierarchy within their companies.
How would a $15 minimum wage impact your company?
  • Our company has vary position and takes on students during the summer. I do not agree with the only choices you offer. Not every should begin at $15/hr. Depends on what they do, experience, and so on. Benefits in this market are really important, like health insurance. That maybe more important to many full time workers.
  • The min. wage is for entry level jobs, including high school kids. It just went up from $8 to $11. Another increase will mean fewer entry level jobs. The problem isn't that the min. wage is too low, the problem is why are some people staying in entry level jobs as adult employment. Improvements in education and employment training is a better solution than just paying people more to do the same low skill job.
  • Who would hire a student that is 16 yrs old and his first job for $15. per hour?
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Most Read
 
Staples selects Coke exec as new CEO
 
 
The 20 most developable sites in Central Mass.
 
 
Community Healthlink chooses Tenn. electronic records firm
 
 
Two of the grocery industry's unique brands are about to settle in Central Massachusetts
 
 
Solect expects pain from new solar tariff
 
 
Three Central Mass. groups land $28K for manufacturing career grants
 
 
Springdale Beer, offshoot of Jack's Abby, to distribute
 
 
New Worcester arts initiative receives $500K from Boston foundation
 
 
Framingham mill slated for renovation sells for $3.75M
 
 
 
 

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