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MGM is setting out to fill some of the 2,000 construction jobs that were promised to build the company’s $800 million Springfield casino.

MGM officials are scheduling two days of interviews, Thursday and Friday, with minority-owned and women-owned union construction companies interested in bidding for jobs on the project. 

The Las Vegas-based entertainment company  interviewed veteran-owned businesses in July at its Springfield construction office. 

State of Massachusetts / Division of Ecological Restoration

A decision paving the way for an Indian tribe-run casino in Massachusetts appears imminent. The federal Bureau of Indian Affairs notified officials in Taunton, a city about 40 miles south of Boston, that it will issue an opinion on the Mashpee Wampanoag's application for land in trust status in 30 days. 

Wal-Mart, thought to be the largest seller of firearms in the U.S., will stop selling military-style modern sporting rifles, such as the the AR-15, this fall.

Wal-Mart spokesman Kory Lundberg said the decision to phase out the controversial semi-automatics was based in business, not politics, citing declining demand.

CT Labor Department

The state Department of Labor is facing some pushback to its decision to close six job centers in Connecticut.

Simon

A mall developer has unveiled a plan for a new upscale outlet facility in Windsor Locks, near Bradley Airport. 

Chion Wolf / WNPR

Governor Dannel Malloy says he last visited with General Electric two weeks ago, as the conglomerate prepares to make a decision about relocation. The governor spoke for the first time about the possibility that GE might leave.

Stocks opened Monday with a swan dive: The Dow Jones industrial average plunged about 1,000 points, or 5 percent, in just minutes.

By midday, enough brave buyers had waded back in to push up prices — up to where losses were only around 1 percent or so.

But that didn't last. Around 3 p.m., the Dow dropped again, sliding nearly 700 points.

Stress-filled minutes ticked down until 4 p.m.: CLANG, CLANG, CLANG.

The closing bell rang. Brows were wiped, and commentators scrambled to explain why investors had seen both panic selling and panic buying.

Led by an 8.5 percent drop in China's Shanghai composite index, U.S. and global stock markets took a dive Monday. Shortly after opening, the Dow Jones index fell by more than 1,000 points, or 5 percent. The Dow then zigzagged to close at 15,871, losing about 3.6 percent of its value.

The Ethan Allen furniture company is under pressure from one of its investors to either sell itself or divest some of its real estate assets. Sandell Asset Management, which owns 5.5 percent of Ethan Allen, said the company's stock is underperforming. 

Michael Raphael / FEMA

The state's unemployment rate has fallen to 5.4 percent, according to the Department of Labor. The department's Bureau of Labor Statistics said Thursday the state added 4,100 jobs in July.

Daniel Mayer / Creative Commons

Just a day after revelations about New York's bid to move General Electric's headquarters, Bloomberg is reporting that Georgia is also in the market for GE. Citing unnamed sources, the business news service says that executives are planning to meet with a property agency in Atlanta in coming weeks.

Marc A. Hermann / MTA New York City Transit

The governor of New York is reported to be courting General Electric to make a move across the state border. 

Sage Ross / Creative Commons

The Department of Justice will extend its anti-trust review of Aetna’s proposed merger with Humana for another 30 days. The Hartford based health insurer just announced it's re-filing its notification with the department to allow for the month-long extension. 

A group of hackers, who calls itself the Impact Team, purportedly released a huge trove of data that appears to contain the account details of more than 30 million users of a website that helps married people cheat on their spouses.

The first casino in Massachusetts netted $18 million in its first full month in business.

 People gambled $181 million at the Plainridge Park Casino in July, according to the Massachusetts Gaming Commission.  The casino kept $18 million. Over a full year it works out to $217 million in gross gaming revenue, which would be more than the state’s full-year projection of $200 million.  

Casino industry expert Clyde Barrow said Plainridge Park had a spectacular opening.

Mixabest / Creative Commons

New Haven and Fairfield Counties host many of the state’s fastest growing tech companies, according to a new listing. The Marcum Tech Top 40 is also strong on software and advanced manufacturing firms. 

monkeybusinessimages/iStock / Thinkstock

Connecticut manufacturers are closely watching events in China as the country allows its currency to devalue. Government control of the yuan has for years been a point of contention for companies, who said it gives Chinese manufacturers an unfair advantage in export markets.

Steven Depolo / Creative Commons

Connecticut’s annual sales tax-free shopping week begins on Sunday, but some shoppers might need to plan their purchases carefully to qualify. Only clothing and footwear items under $100 are eligible for tax-free purchase this year; in previous years, items could be up to $300.

Jason Tester Guerrilla / Creative Commons

A federal judge has dismissed a lawsuit brought against the ride-sharing service Uber by taxi and limousine companies in Connecticut. 

Embracing Risk in Our Working Lives

Aug 13, 2015
Quinn Dombrowski/flickr creative commons

Gone are the days of graduating from college, paying your dues with a few entry-level positions, and landing a 30-year career with a big corporation, complete with retirement benefits.

StockMonkeys.com on Flickr Creative Commons

A lawsuit against General Electric is being closely watched in boardrooms around America, as the company defends its decision to shut down its retiree health care plan.

Terex Corporation

Terex Corporation will become incorporated in Finland as it merges with a Finnish company. But officials say the construction equipment maker will retain a significant presence in Connecticut.

On Monday, Google CEO Larry Page announced the formation of a new parent company for Google called Alphabet. Page describes Alphabet as a collection of companies including Google, Life Sciences (which focuses on medicine and health issues), and Calico (a company that claims to tackle aging), among others.

The Massachusetts Gaming Commission has approved a delay in the opening of the MGM Springfield casino because of a highway reconstruction project.

The commission voted 5-0 Thursday to set a September 2018 opening date for the $800 million resort casino — a year later than originally planned.  

Although MassDOT says the reconstruction of I-91, which is right next to the casino site, could be done as soon as December 2017, MGM Springfield President Mike Mathis argued it was prudent to plan for a later finish.

Updated at 9:50 a.m. ET

The U.S. economy added 215,000 jobs last month, just shy of the number forecast by economists. The unemployment rate remained unchanged at 5.3 percent.

Wages were up slightly, and the number of long-term unemployed remained the same as June.

M 93 / Creative Commons

You don’t have to be an expert to see the auto industry is finally back on track. After the financial crisis several years ago and the $80 billion government bailout of GM and Chrysler, car manufacturers around the country seem to be doing quite well on their own these days.

Ryan Caron King / WNPR

Ninety-five people will lose their jobs at the state Department of Labor as Connecticut officials attempt to save $16 million a year in costs.

photoguyinmo / Creative Commons

Eight cities from Jackson, Mississippi, to Seattle are the first winners in a $42 million, 100-city data-use contest sponsored by former New York Mayor Michael Bloomberg's foundation.

Travelers CEO Jay Fishman to Step Down

Aug 5, 2015
Travelers

The Travelers Inc. said that Chairman and CEO Jay Fishman will step down as CEO on Decemeber 1 due to health problems. 

Sage Ross / Creative Commons

Aetna has reported second-quarter earnings of $731.8 million, a 33 percent bump on the same time last year, and a number that exceeded analysts’ expectations. 

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