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Group Says Pension Debt is Sinking Massachusetts
The Mass Taxpayers Foundation is warning that cities and towns remain dangerously underfunded when it comes to meeting their pension obligations.
The watchdog group reports that state and local governments in Massachusetts face 83-BILLION dollars in unfunded pension and retiree health care obligation…
New Bedford Council Questioning Use of Textbook Money
The New Bedford City Council remains concerned over the alleged misuse of $1 million allotted to the school department for textbooks last year. After the Council granted the funds in May of 2012, reports surfaced that the money went to new hires instead of textbooks and other classroom necessities..…
JPMorgan Paying $920M in London Whale Case
JPMorgan Chase & Co. is paying $920 million in penalties and admitting wrongdoing over a $6 billion trading loss last year that tarnished the bank's reputation.
Regulators say that weak oversight at the largest U.S. bank enabled traders in its London operation to assign inflated values t…
Stocks Open Higher After Hitting All-Time High
The stock market is opening higher after setting a record high the day before.
Major stock indexes moved further into record territory shortly after the market opened Thursday. The Dow Jones industrial average rose 11 points to 15,688...

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