Aetna in talks to relocate
Aetna announced Wednesday that it is in negotiations to move its headquarters out of Connecticut’s capital, where it has been based for almost two centuries.
Mark Bertolini, the chief executive of the insurance giant, said Wednesday that the company is in negotiations with several states about moving its corporate base, with the goal of broadening access to innovation and talent that will fill “knowledge economy-type” positions.
“We remain committed to our Connecticut-based employees and the Hartford campus, and hope to have a final resolution by early summer,” he said in a statement.
Aetna, the nation’s third-largest health insurer, has a workforce of almost 50,000 and employs about 6,000 people in Connecticut. It traces its roots in Hartford to 1819.
Health records lawsuit settled
One of the country’s largest vendors of electronic health records will pay a $155 million settlement to resolve allegations it caused health care providers to submit false claims to the federal government, the U.S. Department of Justice and federal prosecutors in Vermont announced Wednesday.
The acting U.S. attorney for Vermont said eClinicalWorks, of Westborough, Massachusetts, and three executives will pay the settlement to resolve allegations the company misrepresented the abilities of its software and paid kickbacks to some customers in exchange for promoting its products.
McDonald’s expands delivery
Forget the drive-thru. McDonald’s could be coming to your driveway.
The company’s CEO said Wednesday that the number of McDonald’s restaurants available to deliver Big Macs, Chicken McNuggets and fries is expanding by another 1,000 this week, bringing the total to more than 2,000. New locations include the New York metro area, Seattle, Denver and more.
CEO Steve Easterbrook says McDonald’s will have 3,500 restaurants on the UberEats app by the end of June.
The world’s largest fast-food chain had announced two weeks ago that “McDelivery” through the UberEats app was available in 1,000 U.S. locations. Uber says its delivery fee varies depending on the city, but that it is generally a flat $4.99.
Easterbrook says McDonald’s was encouraged by early delivery results, particularly with younger customers with late-night appetites.
Coal-fired plant closes
New England’s largest — and one of its last — coal-fired power plants is shutting down permanently.
The owner of the Brayton Point Power Station said operations ceased Wednesday.
The plant has generated electricity since the 1960s along Mount Hope Bay in Somerset, Mass., near the Rhode Island line. It’s been cited by federal regulators as one of the region’s heaviest polluters. A decision to close it was made in 2013.
Houston-based plant owner Dynegy says it’s worked to help 170 workers find other jobs.
New England’s electric grid operator says the low price of natural gas has led coal plants to retire. Smaller coal plants still operate in New Hampshire and Connecticut. Connecticut’s is expected to close by 2021.
Beige Book points to growth
The economy kept growing in April through late May, with more regions citing worker shortages across a widening range of occupations, the Federal Reserve reported Wednesday.
In its latest Beige Book survey of economic conditions nationwide, the Fed found that most of its 12 regions viewed economic growth as moderate to modest rates. Two districts — Boston and Chicago — said growth had slowed, while New York said business activity had “flattened out.”
Businesses reported that labor markets continued to tighten, and many firms were offering higher wages where shortages were most severe.
Compiled from staff and wire reports.