Metro-East News

August 18, 2014

Daily business briefing: Cost to raise a child: $250,000

A new study finds that a child born in 2013 will cost a middle-income American family an average of $245,340 until he or she becomes an adult. Families living in the Northeast will pay more. Read more at http://www.bnd.com/ business. ...

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Ingersoll-Rand PLC, which makes equipment and parts that separates air, transmits gas and processes gas, will buy the centrifugal compression business from Cameron International Corp. for $850 million. Find out more at http://www.bnd.com/ business. ...

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A top official for a company that won a provisional license to operate two medical marijuana dispensaries in Massachusetts has stepped down after it was reported he erroneously claimed he was a college graduate. Learn more at http://www.bnd.com/business. ...

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The European Commission is pledging $168 million to assist fruit and vegetable producers hit by Russia's ban on food imports. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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