UMass Gaston Institute gets $1 million donation

The University of Massachusetts Boston said Monday that it received a $1 million donation from Robert and Diane Hildreth for the Mauricio Gaston Institute for Latino Community Development and Public Policy. “With an incredibly diverse student body and the excellent research and teaching resources offered on campus, UMass Boston is a gem in the community that deserves our support,” Robert Hildreth said in a statement. “The school is a statewide leader in educating Latinx students, and the Gaston Institute’s research and policy leadership are at the center of that important work.” The Gaston Institute was created in 1989 by the Massachusetts Legislature, with a mission to inform the public and policy makers about issues vital to the state’s growing Latino community, and provide information and analysis necessary for effective Latino participation in public policy development. Hildreth worked for the International Monetary Fund, Citibank, and Drexel Burnham Lambert before starting his own Boston-based brokerage company, International Bank Services. He now focuses on philanthropy through the Hildreth Institute and two related nonprofits, Inversant and La Vida Scholars. The three organizations have complementary missions to get low-income students to college. — LARRY EDELMAN


Ryanair says fliers won’t be skittish about Boeing 737s

Ryanair Holdings predicted that its customers will embrace Boeing Co.’s stricken 737 Max jetliner once the model returns to service after being grounded in the wake of two air crashes in five months. “We see no indication yet from passengers of any concern about the Max aircraft,” CEO Michael O’Leary told Bloomberg TV Monday. Once passengers fly on the plane “they will love it, and it will be a massive success for Boeing,” he said. Europe’s biggest discount airline had been due to get the first Max of 135 on order in April, but deliveries were frozen after the deadly loss of an Ethiopian Airlines plane on March 10 highlighted concerns about an anti-stall system. O’Leary said he expects the Federal Aviation Administration to return the jet to service in June or July after the approval of fixes, followed by the European Aviation Safety Agency a month later. — BLOOMBERG NEWS



No movement in average price at the pump

Massachusetts drivers are paying the same for a gallon of gas as they did a week ago. AAA Northeast reports Monday that self-serve, regular is selling for an average of $2.80 per gallon, the same as last week. The Massachusetts price is a nickel lower than the national average for the same grade, and 7 cents per gallon lower than the year-ago price. A spokeswoman said ‘‘Crude oil prices have been relatively stable in the past few months, and that stability is moderating pump prices.’’ AAA found a low of $2.61 and a high of $3.05 per gallon of regular gasoline. — ASSOCIATED PRESS



American wants workers’ ‘illegal slowdown campaign’ stopped

American Airlines Group asked a federal court to halt an “illegal slowdown campaign” by unionized employees, saying the action had disrupted the travel plans of 125,000 passengers in the last three months. Mechanics are taking too long to repair jetliners and refusing to work overtime in an effort to gain leverage in contract talks, American said in a lawsuit filed Monday in federal court in Texas. The alleged slowdown will crimp travel for 3,400 passengers a day if it continues into the summer, the airline said. The lawsuit raises the stakes in a standoff after federal mediators suspended talks last month, saying they didn’t see a way to resolve differences between the two sides. The TWU-IAM Association, which represents 30,000 employees in 12 work groups, is the only major union at American that still lacks a complete contract following the carrier’s merger with US Airways in 2013. American and the union haven’t been able to agree on issues including pay, health and retirement benefits, and limits on outsourcing work. — BLOOMBERG NEWS



Supreme Court sends Fosamax case back for judge’s ruling

The US Supreme Court said Monday that a judge must decide whether a dispute between drug maker Merck and patients who alleged they were injured by its bone-strengthening drug Fosamax can go forward. All nine justices agreed that the case should go back to a lower court for further proceedings. Users of Fosamax, which is prescribed to treat osteoporosis in women who have gone through menopause, had sued, arguing that Merck had failed to provide adequate warnings of a specific risk of bone fracture on the drug’s label. A trial court initially threw out claims against the New Jersey-based company but an appeals court revived them. The Supreme Court said Monday that if a judge finds clear evidence Merck told federal regulators about the reasons for a warning and that warning was rejected by regulators, the case should be dismissed. Only three justices suggested that was the case. Fosamax was first approved in 1995, but after the drug went on the market, evidence began to emerge that it increases the risk of an unusual type of thigh-bone fracture. — ASSOCIATED PRESS


Harris proposes fining companies over pay inequity

Democratic presidential candidate Kamala Harris is unveiling a pay inequity proposal that aims to close the gender pay gap by holding corporations accountable when men are paid more than women. Harris’s plan would require companies to disclose pay policies while applying for a mandatory ‘‘equal pay certification’’ from the Equal Employment Opportunity Commission. Companies that fail to achieve certification would be fined 1 percent of their profits for every 1 percent wage gap they allow to persist for work of equal value. The US senator from California says $180 billion would be generated over 10 years, with fines decreasing over time as companies strengthen their equal pay practices. In Harris’s equal-pay plan, her campaign says, companies would be prohibited from asking about prior salary history as part of their hiring process, banned from using forced arbitration agreements in employment contracts for pay discrimination matters, and required to allow employees to freely discuss their pay. They would also be required to report the share of women who are among the company’s top earners, the total pay and total compensation gap that exists between men and women, regardless of job titles, experience, and performance. — ASSOCIATED PRESS



Fewer wealthy people being audited by the IRS

The chances of an IRS audit for people making at least $10 million a year plunged during the government’s last fiscal year, according to data released on Monday. The audit rate for those high earners fell to 6.66 percent for fiscal year 2018, less than half of the 14.52 percent rate the year before, according to the IRS data. The government’s fiscal year runs from Oct. 1 through Sept. 30. The most recent data spans the nearly three months before the enactment of the 2017 Republican tax-code overhaul, which cut rates for individuals and businesses. It also spans the first nine months of 2018 in which the revamp first affected tax filers. The Internal Revenue Service tries to balance what it calls a twin policy of “service” and “enforcement.” IRS Commissioner Charles Rettig said in the report that included the recent figures that “enforcement of the tax laws is critical to ensuring fairness in our tax system.” — BLOOMBERG NEWS