BOSTON – Boston Mayor Marty Walsh and Massachusetts Gov. Charlie Baker got some good news today from General Electric, the Connecticut-based industrial giant, which confirmed plans to move its headquarters to the Hub, locking in a win on some big bets the two leaders made.
"They are going to be a tremendous part of the growing innovation economy we have here in Massachusetts and we really look forward to welcoming them," Baker told reporters late Wednesday at the State House. "This is a huge win for the city of Boston and a huge win for Massachusetts."
PROVIDENCE, R.I. (AP) — The U.S. Securities and Exchange Commission on Monday charged Rhode Island's economic development agency and Wells Fargo with defrauding investors in the state's disastrous $75 million deal with 38 Studios, the failed video game company started by former Red Sox pitcher Curt Schilling.
The civil complaint, filed in U.S. District Court in Providence, accuses the Rhode Island Commerce Corp. and Wells Fargo Securities of making materially misleading statements when they sold the bonds used to fund the deal.
