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Bain, Goldman Sachs 
settle antitrust suit

Goldman Sachs Group Inc. and Bain Capital Partners LLC agreed to pay a total of $121 million to settle claims they suppressed competition in some of the biggest deals of the leveraged buyout boom before the financial crisis.

Goldman Sachs will pay $67 million under the agreement to settle the antitrust lawsuit while Bain Capital will pay $54 million, according to the preliminary settlement filed today in Boston federal court.

Shareholders of companies that were acquired accused Goldman Sachs, Bain, and banks and private-equity firms of conspiring to carve up the market for large leveraged buyouts, suppressing prices and depriving investors of billions of dollars.

Alex Stanton, a spokesman for Bain Capital in New York, declined to immediately comment on yesterday's settlement. Michael DuVally, a spokesman for New York-based Goldman Sachs, didn't immediately respond to an email seeking comment.

Legislature strikes minimum wage deal

State House and Senate negotiators have reached a compromise on a bill hiking the minimum wage in Massachusetts.

The bill would increase the current $8 per hour minimum wage by $3 over the next three years. The hourly minimum for the state's lowest paid workers would go to $9 on Jan. 1, 2015, to $10 the following new year, and finally to $11 on Jan. 1, 2017.

The measure would not tie future increases to inflation.

The bill — a compromise between a Senate bill calling for an $11 minimum wage indexed to inflation, and a House-passed bill calling for an increase to $10.50 per hour, without indexing — must be approved in both chambers. It also seeks to rein in unemployment insurance costs.

Today

• Commerce Department releases retail sales data for May.
• Labor Department releases weekly jobless claims.
• Freddie Mac releases weekly mortgage rates.
• Commerce Department releases business inventories for April.

TOMORROW

• Labor Department releases the Producer Price Index for May.
• The American Red Cross of Massachusetts has announced the appointment of Ralph Boyd, left, as its new CEO. Boyd has previously served as chairman and CEO of the Freddie Mac Foundation and been a U.S. assistant attorney general.
• Waltham-based AMAG Pharmaceuticals Inc., announced the appointment of Melissa Bradford Klug as senior vice president of business development and strategy. Klug joins AMAG from Mallinckrodt Pharmaceuticals.

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