GE moves headquarters to Boston to anchor digital push
General Electric will relocate its headquarters to Boston with temporary space by next summer and plans to base about 800 workers in the Seaport district by 2018. The move is backed by state and city incentives totaling up to 146 million and tax savings, while GE offsets costs with sales of Fairfield and Rockefeller Plaza offices.
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Oil Bust Tests Big Lake Texas As Town Feels Downturn
In Big Lake Texas residents brace for a prolonged oil downturn as rig counts drop, jobs fade, and local business owners like Terry Stevens fear a harsher 2016. Economists warn widespread layoffs and potential bankruptcies without price recovery, while Pioneer Energy maintains long term confidence in the Permian basin.
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