US workers’ compensation rose moderately in 1st quarter

One of the anchors of downtown Boston’s Financial District will stay. Bank of America has renewed its lease at 100 Federal Street for another 15 years, landlord Boston Properties said Tuesday. The lease had been set to expire in 2022. Bank of America owned what’s known as “the pregnant building” before selling it to Boston Properties in 2012 and at one time occupied more than 800,000 square feet of the 1.3 million square foot tower. Their new lease will give them 545,000 square feet in the building, which is also headquarters of Putnam Investments. Several blue-chip companies have left the Financial District in recent years for new buildings in the Seaport and other parts of downtown. That’s led office towers there to upgrade to woo tenants back. At 100 Federal, Boston Properties last year opened a large glass atrium overlooking Post Office Square. — TIM LOGAN

Ford is the latest automaker opening its vehicles to Amazon.com, entering a partnership to enable delivery of packages directly to millions of Ford and Lincoln models. Ford follows General Motors and Volvo in joining with the online retailing giant to offer Key by Amazon In-Car delivery service. Beginning Tuesday, the service will be available on 2017 and newer Ford vehicles and 2018 and newer Lincoln models equipped with a modem. Using an Amazon app in conjunction with Ford or Lincoln apps, delivery drivers can unlock the car, place packages in the trunk or back seat and then relock the vehicle. It’s aimed at addressing consumer concerns about the security of packages left unprotected on front porches and provides another opening for Ford as it wades into the world of e-commerce. — BLOOMBERG NEWS

LAS VEGAS — Casino company MGM Resorts International says it expects to cut about 1,000 jobs by June. The layoffs announced Monday include 254 jobs the company said last week it would cut as it works to reduce costs and boost earnings. Chief financial officer Corey Sanders said 35 executives have already taken voluntary retirement as part of the MGM 2020 plan. It’s an effort to increase annual earnings by $300 million by 2021. — ASSOCIATED PRESS

HOUSTON — Warren E. Buffett hasn’t shown much interest in oil stocks in recent years, but that changed Tuesday when his company, Berkshire Hathaway, committed $10 billion to help Occidental Petroleum compete in a bidding war for Anadarko Petroleum. Occidental is hoping Buffett’s reputation as one of the world’s most successful investors will bolster its proposal and financial position relative to Chevron, a company four times its size. At stake is a commanding position in the Permian Basin, the world’s most productive oil field, which straddles Texas and New Mexico. Only a couple of weeks ago, Chevron’s proposed $33 billion acquisition of Anadarko looked like a done deal. But Monday, Anadarko’s board said it was considering Occidental’s bid, which is roughly 20 percent higher than Chevron’s. — NEW YORK TIMES

WASHINGTON — Wages and benefits for US workers rose 0.7 percent in the first three months of the year, a modest gain that matched the previous quarter’s increase. The data, released Tuesday by the Labor Department, suggest that growth in workers’ compensation has stalled in recent months. In the first quarter, wages and benefits increased 2.8 percent compared with a year earlier. That’s down slightly from a 2.9 percent annual gain in the final quarter of 2018. — ASSOCIATED PRESS

ESPN the Magazine is now the latest publication to abandon print. Regular editions will cease after the September release of “The Body Issue” and the publication will go online-only, Walt Disney Co.’s ESPN said in a statement. The move is part of a broader shake-up in sports media. Meredith Corp. has been trying to sell Sports Illustrated after taking over the magazine as part of its acquisition of Time Inc. Licensing company Authentic Brands Group LLC is a leading contender to buy that magazine, The Wall Street Journal reported last week. More broadly, magazines have been abandoning their print editions to cut costs, helping them cope with the loss of advertising revenue to tech giants Facebook and Google. Conde Nast’s Glamour said in November it would end its regular print publication. BLOOMBERG NEWS

COLLEGE PARK, Md. — The first black woman to serve as American University’s student government president is seeking more than $1.5 million in court-ordered damages against a neo-Nazi website operator who orchestrated an online harassment campaign against her. In a court filing Monday, Taylor Dumpson’s attorneys asked a federal judge in Washington for a default judgment against The Daily Stormer founder Andrew Anglin and a follower accused of racially harassing Dumpson on Twitter. Dumpson sued Anglin and the Internet troll last April, but neither responded. — ASSOCIATED PRESS

WASHINGTON — US home prices increased at a slower pace in February, a sign that several years of outsized gains in home values have created affordability challenges in many metro areas. The S&P CoreLogic Case-Shiller 20-city home price index rose 3 percent from a year earlier, down from an annual gain of 3.5 percent in January. Price increases were strongest in the Sunbelt, a change from past years in which the largest gains came from West Coast cities such as Seattle and San Francisco. Las Vegas reported the largest price increase at 9.7 percent, followed by Phoenix at 6.7 percent and Tampa at 5.4 percent. Meanwhile, major California metro areas lost much of their momentum. San Francisco prices rose just 1.4 percent. — ASSOCIATED PRESS