The latest Central Massachusetts business news
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Tuesday, May 16, 2017
 
Moynihan’s Pub changes owners after $250K building sale
 
Moynihan's Pub on Main Street is under new ownership, according to the company that brokered the sale.
 
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TJX profit grew 5% in first quarter
 
Shares were down 4 percent Tuesday morning after the TJX Companies, Inc. reported steady sales of $7.8 billion in its first quarter and net income growth of just over 5 percent.
 
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Asian Supermarkets expands into Worcester
 
Asian Supermarkets, LLC, a Malden-based grocery store, is opening its second location in Worcester.
 
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Sales drop, profits grow at Staples amid restructuring
 
Shares of Staples, Inc.'s stock were trading down 5 percent Tuesday morning after the company announced a 5-percent drop in sales and net income growth of $45 million.
 
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Harvard Pilgrim cuts losses by 87%
 
Harvard Pilgrim Health Care reported Monday a net loss of $4.7 million in its first quarter, a significant improvement over the $34.9 million it lost in the first quarter 2016.
 
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Voters concerned about mid-level dental practitioners
 
Opponents of a bill allowing mid-level dental practitioners to perform procedures like drilling and extractions without direct supervision from a dentist say a new poll shows voters are also concerned about the legislation.
 
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MBTA approves largest Green Line Extension contract
 
The MBTA on Monday approved its largest contract for work on the Green Line Extension since the project was halted two years ago amid budget overruns.
 
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Regional Roundup
 
 
Question of the Week
 
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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?
They'll become part of larger news corporations and increasingly feature content from their bigger sister papers.
They'll eventually transition into an online-only model but will need the right team in place to get there.
They'll make way for small online-only local news startups.
They'll survive the way they are as long as there's an audience that's hungry for local news.

 
Most Read
 
Reliant approves Optum acquisition
 
 
Upscale Princeton restaurant moving to Beechwood Hotel
 
 
Restaurant and bar opens in former Caffe Dolce spot
 
 
Following diversification, Columbia Tech expects to grow 10%
 
 
Making Worcester restaurants fun
 
 
FLEXcon promotes new VPs, director of manufacturing
 
 
Nurses: too many patients hurts quality of care
 
 
FedEx distribution facility sold for $33M
 
 
Century Homecare promotes new CEO
 
 
 
 

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