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The state of Massachusetts planned to require more internet retailers to collect sales tax starting July 1st. But the initiative has been pulled just days before it would take effect.

Under the Baker administration plan, internet retailers with sales of $500,000 and 100 transaction per year in Massachusetts would have to charge the tax.

But the state rescinded the plan after two lawsuits were filed. The Department of Revenue said it will reintroduce the tax through a new regulation this fall.

Climate scientists agree that this century is getting much warmer and that such warming will likely bring economic pain to the U.S., but economists aren't sure how much. Now, a team of scientists and economists, writing in the upcoming issue of the journal Science, says it can at least tell which parts of the country are likely to suffer the most.

Aetna

Aetna has announced it will move its headquarters to Manhattan, relocating its top executives out of Hartford for the first time since its founding in the city in 1853. The shift will come in late 2018. 

Ryan Caron King / WNPR

Though Aetna has said it plans to move the company headquarters away from Hartford as a way to broaden access to innovation and new talent, some economists remain puzzled over the company’s strategy.

Paris Air Show

Fourteen small Connecticut aerospace companies are exhibiting their wares at the Paris Air Show this week. They join thousands of other businesses at the world’s biggest industry showcase. 

Health and Wellbeing / Creative Commons

Nobel prize-winning economist Robert Shiller says Connecticut shouldn’t be cutting taxes in order to keep corporations in the state. 

The credit rating for Massachusetts is now on par with most New England states. That's after a major credit rating agency downgraded the state's bonds.

JD Lasica flickr.com/photos/jdlasica / Creative Commons

The rumors have been confirmed: Jeff Immelt has announced he’s stepping down as CEO of General Electric, after 16 years in the top job. Immelt was the moving force behind the relocation of GE’s headquarters from Fairfield, Connecticut to Boston. 

Chris Watt / Government of Scotland / Creative Commons

Amazon has announced it’s to open a new distribution center in North Haven. The $255 million investment will eventually create 1,800 jobs.

Jon S / Creative Commons

Several iconic Connecticut newspapers, including The New Haven Register, The Middletown Press, and The Register Citizen, have a new owner. New York-based Hearst Media has announced it has cut a deal to acquire the Connecticut assets of Digital First Media. 

Michael Blann/Digital Vision / Thinkstock

The Connecticut House of Representatives seems no nearer to a conclusion on expanding gambling in the state, and House Speaker Democrat Joe Aresimowicz said he doesn’t see the issue making it to a special session. 

Steve Johnson / Creative Commons

Connecticut’s biggest electric utility is to acquire one of its biggest water suppliers. Eversource has announced a deal to buy Aquarion in a $1.68 billion tie up. 

Updated at 11:46 a.m. ET

The U.S. economy added 138,000 jobs in May, according to the monthly jobs report released by the Bureau of Labor Statistics on Friday morning.

The national unemployment rate nudged lower, to 4.3 percent from 4.4 percent — a 16-year low. The 4.4 percent level had been the lowest since since 2007, before the recession hit.

Sage Ross / Creative Commons

Economic development officials must grapple in coming months with the implications, should one of the state’s most iconic companies decide to move its headquarters out of Connecticut. 

Onasill - Bill Badzo / Creative Commons

Health insurer Aetna has confirmed that it is in talks to move its headquarters out of Connecticut. But the company said it has no final destination yet. Nor has it said definitively what might happen to the thousands of employees currently based in the state. 

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