Massachusetts is profiting from its competitive technical prowess. But the news that Evergreen Solar is moving production jobs to China is a reminder that the manufacturing future for green energy is difficult.
WASHINGTON — The Labor Department says the economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September. It’s the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.
The nation’s first offshore wind farm faces more delay after a Massachusetts official said two Indian tribes’ claim to Nantucket Sound needed more study.
Evergreen Solar is shifting some of its manufacturing production from Massachusetts to China after posting an $82 million loss in the third quarter.
Businesses are wrestling with the threat of H1N1 swine flu, worried that if too many employees get sick at once, the company could be brought to a standstill. But a researcher at MIT says it unlikely that their worst fears will be realized.
Massachusetts tax collections were higher than the state was expecting for October. The revenue department says it collected $1.2 billion last month.
WASHINGTON — The Education Department is reassuring the state of Massachusetts it does not agree with an internal watchdog who suggested the state was using economic stimulus money improperly.
After speculation that Massachusetts customers of Citizens Bank could find their bank under new ownership, the banks’ parent company, the Royal Bank of Scotland, said it would keep Citizens Financial Group.
Massachusetts customers of Citizens Bank could find their bank under new ownership. Royal Bank of Scotland, the parent company of Citizens Financial Group, said it will likely have to sell off some parts of its business.
WASHINGTON — CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. The company provides badly needed credit to thousands of small and mid-sized businesses, and is a critical part of the flow of capital in the retail sector.
DEARBORN, Mich. — Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government’s Cash for Clunkers rebates.
BOSTON — A state committee heard almost seven hours of testimony from all imaginable corners of the casino divide on Thursday — the first hearing since House Speaker Robert DeLeo threw his support behind pushing some kind of casino bill into House debate by January 2010.
WORCESTER, Mass. — Gov. Deval Patrick is preparing to lay off anywhere from 1,000 to 2,000 state workers before the end of the year. The cuts come as the state grapples with another surprise budget deficit. This time, Patrick has to plug a $600 million hole in the budget.
BOSTON — The commonwealth’s economy contracted 1.1 percent during the third quarter of 2009, even as the U.S. economy grew 3.5 percent over the same period.
BOSTON — The Wall Street Journal is shutting its Boston bureau and eliminating nine jobs, marking the second round of cuts at the newspaper this year.
