Less than a year after bringing in two big outside investors, Shields Health Solutions is turning to an outsider to take over as chief executive of the specialty pharmacy company. The Stoughton company said Tuesday that it has hired Lee Cooper, a longtime General Electric Co. executive, to succeed Jack Shields, who started the company eight years ago and will continue in an active role as chairman. Cooper, 57,ran GE’s health care business in the United States and Canada from 2016 to mid-2019,...

The regulatory filing is written, as all are, in language only a lawyer could love: so impenetrable that your eyes glaze midway through the first sentence. That, of course, is intentional. “On May 22, 2020, Raytheon Technologies Corporation (the “Company”) entered into an amendment (the “Amendment”) to the Employee Matters Agreement previously made by and among the Company, Carrier Global Corporation (“Carrier”) and Otis Worldwide Corporation (“Otis”), dated as of April 2, 2020 (the...

What the heck just happened? The US jobs report for May was supposed to be a foregone conclusion: millions more jobs lost, the unemployment rate, already at its highest since the Great Depression, rising still further. But when the Labor Department released its latest data Friday morning at 8:30, traders, economists, policy analysts, and everyone else who sits in front of their computer waiting for the report were blown away. The unemployment rate dropped and employers added jobs. The entire...

The Labor Department report for May was supposed to be a foregone conclusion: millions more jobs lost, and unemployment, already the worst since the Great Depression, climbing still higher. But when the latest data were released Friday morning at 8:30, traders, economists, policy analysts, and everyone else who sits in front of their computer waiting for the news each month were blown away. The jobless rate dropped and employers were hiring again. The pros had gotten it wrong. Dead...

The state Health Policy Commission decided Wednesday to keep its benchmark for increases in health care spending in Massachusetts at 3.1 percent in 2021, even as board members reviewed projections for outlays to fall sharply this year because of a decline in non-COVID-related services. The benchmark is not a firm target but a gauge to measure the state’s success in containing annual increases in health spending over the longer term. The board currently doesn’t have authority to lower the...