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Economy

German biomanufacturer acquires Shire’s Milford site

Rentschler Biopharma SE has completed the purchase of the former Shire drugmaking facility in Milford.

Tentative agreement reached between National Grid, gas workers

The prolonged contract dispute and lockout that has riled the natural gas industry and labor and political circles since June could be coming to an end.

Baker signs lockout benefits bill

Gov. Charlie Baker on Monday morning signed a bill to extend unemployment benefits for locked-out workers, legislation for which unions of locked-out gas workers have clamored.

Hanover completes Chaucer sale for $940M

Worcester insurance firm Hanover Insurance Group has completed the sale of its London specialty insurance business Chaucer for up to $940 million.
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662,000 Mass. workers to receive pay bump next week

Fifteen percent of working parents in Massachusetts and 19 percent of children in the state will be affected by the $1 minimum wage increase that takes effect next week.

Specialty industries: Biotech, cannabis, tariffs to highlight manufacturing in 2019

New and exciting industries continue to make their presence known in Worcester County.

Economic slowdown: Housing prices are nearing their peak while interest rates kick up

A cooling stock market may signal an economic slowdown ahead, which would affect home prices.

Less need for optimism: WBJ readers see growth leveling off

The national signs of the economy nearing its post-Recession peak are already starting to rumble.
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Mass. jobless rate at lowest point since May 2003

The unemployment rate in Massachusetts ticked down one-tenth of a percentage point in November to 3.4 percent.

Amid mixed signals, Mass. business confidence ticks upward

A three-month slide in business confidence came to an end in November, barely.
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