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UPDATE: Arthur T. Demoulas Rejects Board Members Plan

Three members of Market Basket's board of directors say they have proposed a plan to get the beleaguered supermarket chain back to normal operations as its fired CEO Arthur T. Demoulas pursues buying controlling interest

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Getty Images - Gov. Deval Patrick
Getty Images - Gov. Deval Patrick

Patrick Urges Supermarket Directors To Resolve Leadership Questions

Gov. Deval Patrick is urging Market Basket's board of directors to quickly resolve the question of leadership at the supermarket chain.

In a letter to the board Friday, Patrick said he's not choosing sides, but that ``by any measure, the disruption that followed your recent change in CEO has gotten out of hand

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Photo by Peter Kramer/Getty Images
Photo by Peter Kramer/Getty Images

Maury Povich Launches Clothing Firm In New Bedford

A popular reality TV talk show host is now part of New Bedford's business community.

Maury Povich has launched a new clothing company in New Bedford. Its called Mother Freedom, which manufacturers outerwear at a factory on Belleville Avenue

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Jim Phillips / TSM
Jim Phillips / TSM

Market Basket CEO’s: Some Employees Concerned For Their Safety

Executives at the troubled Market Basket supermarket chain in New England say they have heard from employees who are ``concerned for their safety'' in a dispute over the company's direction.

In a statement Monday, co-CEOs Felicia Thornton and Jim Gooch say the employees are worried about attending a job fair that was set up to replace colleagues who walked off the job to protest the firing of the previous CEO

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Photo by Scott Olson / Getty Images
Photo by Scott Olson / Getty Images

Mass. Gas Prices Drop Two Cents Per Gallon

AAA Southern New England says gasoline prices in Massachusetts are down 2 cents from last week and are at their lowest levels since April.

AAA says the average price of self-serve regular currently is $3

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Photo by John Moore/Getty Images
Photo by John Moore/Getty Images

Stocks Tumble In Biggest One-Day Drop In Five Months

For stock investors, the red flags were everywhere on Thursday.

There were weak corporate results, the looming end of stimulus from the Federal Reserve and tensions between the West and Russia. On top of that, some investors feared that stocks have become too pricey after three years without a significant downturn

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Jim Phillips / TSM
Jim Phillips / TSM

Market Basket Employees Still Pushing For Arthur T.

Market Basket executives are gearing up to hire new employees.

Ads were placed in Boston area newspapers on Thursday, advertising a future job fair. Company executives say employees must return to their jobs by Monday, or face being let go

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Market Basket employees supporting Arthur T. Demoulas.  Photo by Dan McCready / TSM
Market Basket employees supporting Arthur T. Demoulas. Photo by Dan McCready / TSM

Market Basket Executives Set Deadline For Employees To Return

The chief executives of the Market Basket supermarkets say employees who have stayed off the job to demand the return of fired CEO Arthur T. Demoulas must return to work by Monday.

The statement Wednesday said the workers can return without penalty

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TSM
TSM

Market Basket Board Studying Options

The Market Basket board says it is continuing to evaluate several offers to buy the embattled supermarket chain among other ``strategic alternatives.''

The statement Tuesday said it is considering an offer last week from ousted CEO Arthur T

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New Bedford Whaling National Historical Park/Facebook
New Bedford Whaling National Historical Park/Facebook

Mitchell Excited About Donations To Aid Ernestina

Mayor Jon Mitchell says the announcement that two philanthropists have agreed to donate $2.8 million for a complete restoration of the schooner Ernestina is good news for New Bedford and the Cape Verdean community

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