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The Ticker

November 2, 2016 GMT

India college cancels Brookline school buy

After facing scrutiny from state officials in Massachusetts, a chain of colleges based in India has canceled its plans to buy two U.S. for-profit colleges.

The Amity University chain filed paperwork in July proposing to buy the New England Institute of Art in Brookline and the Art Institute of New York, which are now owned by the Pittsburgh-based Education Management Corp.

The deal would have helped Amity gain a foothold in the United States amid the chain’s global expansion.

But Education Management Corp. officials said yesterday that Amity has withdrawn from the proposed sale. Anne Dean, a spokeswoman for the corporation, would not say why the deal fell through.

Officials from Amity, which is based in New Delhi, did not immediately respond to requests seeking comment.

The sale would have required approval from state officials in Massachusetts, but some had said they were skeptical of the chain, saying it had no track record in the United States.

N.E. fishermen suing feds over cost of at-sea monitors to appeal ruling

New England commercial fishermen suing the federal government over the cost of at-sea monitoring say they plan to take their case to the federal Court of Appeals.

At-sea monitors are workers who collect data that help inform fishing regulations. The government shifted the cost of paying for monitors to fishermen earlier this year.

A federal district court judge ruled in July that it was legal to require fishermen to pay for the monitors, who can cost hundreds of dollars per day.

The fishermen behind the lawsuit have filed a notice of appeal that says they intend to take the case to the U.S. Court of Appeals for the 1st Circuit in Boston.

The monitoring rules apply to fishermen who seek commercially important species such as cod, haddock and sole.

Today

• Federal Reserve policy makers release a statement on interest rates.

• The Peabody Essex Museum in Salem has appointed Derek O’Brien, left, as director of creative services. Previously associate creative director at the global marketing agency DigitasLBi, O’Brien brings a deep knowledge of digital marketing, design and communications to his post at the museum, where he will lead the design, advertising, editorial and photography teams.