The latest Central Massachusetts business news
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Thursday, May 18, 2017
 
Johnson leaves Becker with bigger endowment, smarter students
 
Robert Johnson left Becker College after seven years to become the chancellor of the University of Massachusetts Dartmouth.
 
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Despite soaring revenues, Virtusa profits drop 73%
 
Virtusa Corp.’s GAAP net income fell by $32.9 million for the entire 2017 fiscal year, as the company increased its revenue by 43 percent.
 
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Former UMass doctor resigns medical license
 
A former UMass Memorial Medical Center emergency department doctor and assistant professor at UMass Medical School resigned his medical license to the Massachusetts Board of Medicine last week.
 
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Mass. unemployment inched up in April
 
The Massachusetts economy added 3,900 jobs in April, as the statewide unemployment rate ticked up to 3.9 percent.
 
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First Night Worcester shuts down
 
First Night Worcester, Inc., the organizer of the annual New Year's Eve arts festival, has decided to discontinue operations after 35 years.
 
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UMass Medical School receives $100K to start data center
 
Researchers at the University of Massachusetts Medical School were granted $100,000 from the university system to help them improve health management through data analytics.
 
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Beer distributors call draft bill a compromise
 
Companies that haul suds to bars and package stores said they have found some middle-ground on a long simmering disagreement about how the business should be regulated, but a spokesman for Bay State breweries claims the legislation contains a "poison pill."
 
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Regional Roundup
 
 
Question of the Week
 
Tuesday we asked: For years, the news industry has been going through a period of transition thanks largely to the internet. Average weekly circulation for U.S. newspapers fell 7 percent in 2015, the biggest drop since 2010, according to the Pew Research Center. Although people still overwhelmingly read newspapers in print rather than online, these changes have caused many small local newspapers to either go out of business, get bought out by large media companies, or explore other alternatives.
What do you think lies ahead for smaller local newspapers?
  • Most days, I prefer Worcester Magazine over the Telegram.
  • I am guessing there will be some of each. My experience is that one of the growth industries in media is the smallest of local publications, similar to those published by Landmark Publications of Holden.They thrive by adding online marketing to their services.
  • Those that adapt to change and incorporate free print and online access will survive.
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Most Read
 
Upscale Princeton restaurant moving to Beechwood Hotel
 
 
Restaurant and bar opens in former Caffe Dolce spot
 
 
Nurses: too many patients hurts quality of care
 
 
Reliant approves Optum acquisition
 
 
The Usual to close on Shrewsbury Street
 
 
FedEx distribution facility sold for $33M
 
 
Making Worcester restaurants fun
 
 
Cumberland Farms joins healthy food challenge
 
 
Biostage running short on cash with IND looming
 
 
 
 

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