Banking & Finance

Three Worcester County nonprofits have been awarded a combined $1.49 million in capital funding to refurbish their early education and out-of-school time program facilities predominantly serving low-income families. 

Marlborough-based IPG Photonics Corp., a global laser manufacturing company founded in a Moscow basement laboratory in 1990, has sold its remaining assets in Russia, citing the impact of ongoing sanctions related to the country’s invasion of Ukraine.

Steward Health Care has signed "definitive agreements" to sell four of the six Massachusetts hospitals it has been working to offload since filing for bankruptcy in May.

Supporters of the new surtax on wealthier Massachusetts households have been cheering the investments in education and transportation that it's triggered. But this week, fiscal conservatives are applauding fresh comments from former New England Patriots head coach Bill Belichick. who said the tax is influencing pro sports rosters, with player agents using it as a "sledgehammer" in negotiations.

Robert Paulhus, president and CEO of Clinton Savings Bank, is planning to retire from his position of 16-years come March 31.  

Alta Oxbow, located at 490-494 Boston Post Road, was sold in a deal finalized on Friday. A listing named several attributes that made it appealing for purchase, including the potential for rent increases at the site.

A Steward Health Care lawyer tells a judge the bankrupt company is close on deals to sell five of its Massachusetts hospitals and hopes to present formal proposals soon, then no details of the deals come to light and the company again delays the hearing at which it is expected to seek court approval of the transfers.

None of the deals to transfer six Massachusetts hospitals from bankrupt Steward Health Care to other operators have been consummated and they remain under mediation, a Steward lawyer confirmed Thursday during a hearing in U.S. Bankruptcy Court.

Gov. Maura Healey's plan to rescue five bankrupt Steward Health Care hospitals could cost Massachusetts taxpayers $700 million by 2027, the Boston Globe reported Saturday, citing "people with direct knowledge of the bailout plan."

Three Worcester nonprofits have been named among the first recipient cohort of Massachusetts’ new grantmaking program Mosaic Opioid Recovery Partnership, an initiative providing funding to grassroots organizations working to reduce harm caused by the ongoing opioid epidemic within communities disproportionately affected and historically underserved.