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Ratings firm to pay Mass. $12M over subprime crisis

The credit analysis agency Moody's entered into a nearly $864 million settlement agreement with 22 states, including Massachusetts, to resolve charges it acted deceptively when rating securities tied to subprime mortgages.

Solect to install 446 kw array for Medford firm

Hopkinton solar installer Solect Energy has partnered with a Medford-based specialty food distributor to install a 446-kilowatt solar array on the roof of the distributor's 75,000-square-foot warehouse and office facility.

MedStar Ambulance settles $13M overpayment lawsuit

MedStar Ambulance, which has operations in Worcester and throughout Worcester County and MetroWest, has agreed to pay $12.7 million for overbilled Medicare claims.

Fallon names new VP of financial planning

Worcester healthcare insurance provider Fallon Health has hired a new vice president of financial planning and accounting operations.
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State mulling new benchmarks after healthcare costs rise

After two years in which health care spending has grown more rapidly than the Massachusetts economy, state officials will now decide whether to keep or raise a lower growth target for next year.

Nominate for the Business Leader of the Year awards

The deadline is one week away for nominations for the Worcester Business Journal annual Business Leaders of the Year awards, which includes three new categories this year.

State revenue predicted to grow 4% next year

State tax revenues will grow by 3.9 percent next fiscal year, state budget managers predicted Thursday, giving Gov. Charlie Baker and the Legislature about $27 billion to help build the state's fiscal year 2018 budget.

WPI researcher receives $1.1 million to study stressed bacteria

The National Science Foundation has awarded $1.1 million to a Worcester Polytechnic Institute professor for a five-year study of bacteria in stressful conditions, the school announced Wednesday.
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MBTA reshuffling debt portfolio

State transportation system overseers on Monday approved a plan that could reduce the agency's future liabilities by $35.6 million.

Heywood Medical Group names new director

Heywood Medical Group in Gardner has promoted pediatrician Sari Miettinen to be its new medical director.
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