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Banking & Finance

CVS to pay $12M settlement for allegedly overcharging MassHealth

Pharmacy giant CVS will pay more than $12 million to MassHealth after the attorney general alleged the company charged higher prices to the Medicaid program than to cash-paying customers in the general public.

United Way of Central Mass. establishes emergency response fund to support families amid federal cuts, financial strains

The United Response Fund is intended to serve as a rapid response model, funding organizations supporting the nonprofit’s four impact pillars.

Mass. gas prices holding steady, down from last year

Drivers in Massachusetts this summer have experienced an extended run of stable gas prices.

BJ’s Wholesale Club member count grows to 8 million

Income from its membership fees, which were raised in January for the first time in seven years, grew 9% year-over-year to $123.3 million. 
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🔒Q&A: Fidelity Bank executive focused on building client-focused relationships

Three years ago, Joann Marsili stepped into her role at Fidelity Bank. Since then, she has led a marketing strategy designed to connect and support the 67,000 small businesses across Central Massachusetts.

Movers & Shakers for Aug. 25, 2025

Employees at financial institutions including Clinton Savings Bank, Charles River Bank, Main Street Bank, and bankHometown are taking steps forward in their careers.

🔒WBJ names the 40 Under Forty, Class of 2025

Throughout the Aug. 25 edition of WBJ, you’ll read about the best of what humanity can be, personified through WBJ’s 40 Under Forty, Class of 2025. The winners are executives, entrepreneurs, and advocates who are making their marks on our lives and doing so in kind, generous ways.

Worcester healthcare provider pleads guilty to $1.6M MassHealth fraud scheme

For now, the administrator of a Worcester-based group adult foster care company has avoided a one year jail sentence after pleading guilty to charges related to a $1.6-million MassHealth defrauding scheme.
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St. Mary’s Credit Union picks former M&T Bank executive as new CEO

Fresh off announcing an upcoming merger with a Framingham-based credit union, St. Mary’s Credit Union in Marlborough has selected a new leader.

State forecast: Unemployment benefits fund will run out of money by end of 2027

The account used to pay unemployment insurance benefits in Massachusetts is on track to run out of money by the end of 2027, according to a new forecast that could increase pressure on Beacon Hill to enact systemic changes before or during an election year.
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