The renewal rate for Celts’ season tickets: It’s nearly perfect

The team can already chalk up this season as a financial success.

Boston City Council President Michelle Wu was criticized by Airbnb.

The war over Airbnb regulations in Boston keeps escalating

The debate in Boston had been largely civil — at least compared to lawsuits and loud protests in cities such as New York and Los Angeles — until last week.

On March 5, seawater made streets impassable in this Oceanside Drive neighborhood in Scituate during high tide.

Homes near ocean risk losing value, even in a hot market

As the spring real estate season blooms, the memory of the winter’s inundating storms hangs over water-view properties that otherwise would command premium prices.

Regular gasoline is selling for an average price of $2.74 a gallon in Massachusetts, up 17 cents in the past month.

Evan Horowitz | Quick Study

Gas prices are up 15 percent — and they’re probably going higher

And the increases will wipe out any gains lower-income Americans got from the recently passed tax cuts, analysts say.

Latest Business headlines


Vertex to meet with UK regulators over disputed medicine

Two UK health ministers are calling on Vertex Pharmaceuticals to provide an “urgent resolution” to negotiations over access to its cystic fibrosis drug.

NAFTA ministers set to meet again amid intensified push for deal

‘‘We have had some very energetic and productive conversations,’’ said Chrystia Freeland, Canada’s minister for foreign affairs.

How merchants quietly use Facebook to flood Amazon with fake reviews

Suspicious or fraudulent reviews are crowding out authentic ones in some categories, a Post study found.

Vanguard aims to bring low-cost investing to China as the country eases its restrictions

Vanguard Group revolutionized the US investment industry by offering low-cost funds. Now it wants to do something similar in China.

Sears’ biggest shareholder offers to buy Kenmore brand

Sears’ biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, offering itself as a potential buyer.


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// 51 bright ideas and breakthroughs for 2017

In a revolutionary place like Boston, innovators and innovations are as common as bad drivers. See who made our annual list.


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A variety of factors influence these decisions, including the severity of disease being prevented and the treatability of the side effects.

More Business headlines

Stocks wobble as bond yields set four-year highs

US stocks couldn’t hang on to an early gain and finished mostly lower Monday as technology companies slipped.

Russian billionaire Oleg Deripaska, who heads aluminium producer Rusal, has been targeted as part of a US sanctions package that hit dozens of Russian tycoons, companies, and key allies of President Vladimir Putin.

US softens stance on Rusal sanctions; aluminum plunges

For the first time, the US Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished control.

Business agenda

Networking, a panel discussion, and other events and things to know.

Eddie Lampert’s hedge fund, Sears’ biggest shareholder, has asked the struggling retailer to sell the Kenmore brand and its home improvement business.

Firm offers to buy Kenmore from Sears

The private equity firm that is Sears’ biggest shareholder has asked the struggling retailer to sell the Kenmore brand and its home improvement business.

Elijah Botkin has refused to pay a renewal fee that appears to be illegal in the state.

Sean P. Murphy | The Fine Print

Watch out for fees when renting an apartment

Elijah Botkin did something few tenants would dare to do: He refused to pay a surprise charge sprung on him by his landlord’s agent.

Alexander Kogan says he was upfront about how the information would be used and that he “never heard a word” of objection from Facebook.

Cambridge Analytica contractor defends role in data gathering

Alexander Kogan said he was upfront about how the data would be used and that Facebook never objected.


Amazon and its partners want to upend health care services

The direct primary care business is growing.

A combination of lousy weather, international demand, and iced-over Canadian fisheries has created a lobster shortage.

A $49 lobster roll? A recent shortage has lobster prices soaring.

The costs of lobster dishes on Boston restaurant menus have been off the charts as chefs look to claw back some of the margins.

The week ahead in business

An intro to product management, the future of food products, and other events and things to know.

Jeff Mcpherson, an applicant for an apprentice-ship program, worked with other IBEW Local 103 laborers at J&M Brown Company’s prefab shop.

White-dominated construction unions want more diversity

IBEW Local 103’s campaign attracted a record number of female and minority applicants, in line with a national push by building trades.

Harvard undergrads will launch a cryptocurrency fund, starting at $1m

Bushra Hamid, 19, has teamed up with three schoolmates to form Plympton Capital, which has already raised $700,000.

Developer Robert Korff has lived in Newton since 1995 and considers it his hometown.

Developer makes dramatic changes to main Newton drag, one property at a time

Amid this hodgepodge of older one- and two-story buildings, Robert Korff sees a golden opportunity for a modern version of the Garden City.


The week in business

Six of the top business stories from the past week.

Robert Chandler, who no longer shops at, teaches guitar in Wareham.

Think before you boycott: There are consequences

It’s an age-old way to push for change, but good intentions alone won’t get results.

A Verizon store in New York, April 10, 2018. The Justice Department has opened an investigation into whether AT&T, Verizon and a telecommunications standards organization hindered consumers from easily switching carriers.

AT&T, Verizon face collusion inquiry

The Justice Department has opened an antitrust investigation into potential coordination by the companies and a telecommunications standards organization to hinder consumers from easily switching wireless carriers.

An investigator examined damage to the engine of a Southwest Airlines plane.

Maker of jet engine in fatal accident wants more inspections

A spokeswoman for CFM International said the company plans to issue a service bulletin on Friday that would expand the number of engines to be checked beyond those in previous notifications.

State gains 4,700 jobs in March; unemployment rate unchanged

State officials say the Massachusetts economy picked up an estimated 4,700 jobs in March while the unemployment rate held steady at 3.5 percent.


What to do when a lunch break really isn’t a break

In Massachusetts, the law requires a 30-minute meal break for any employee who works six or more hours in a single shift.

Cambridge, MA- April 20, 2018: The Valium Room at Ironwood Pharmaceuticals in Cambridge, ME on April 20, 2018. (Craig F. Walker/Globe Staff) section: metro reporter: (viewed from outside the conference room the graphics are reflected the glass wall of another conference room.)

Heard in the halls of biotech: I’ll meet you in the Valium room.

Developing drugs is a serious business, but many Massachusetts biotechs go for the quirky when they name meeting rooms.


This is how it feels to be a millionaire and still feel broke

One woman’s story proves that you can never save too much.

Sarah Hodges is a partner at the venture firm Pillar.

Five things you should know about Sarah Hodges

Hodges believes Boston can be the center of the blockchain universe.

General Electric, GE Chairman and CEO John Flannery in 2017.

Finally GE had some better news to report

General Electric CEO John Flannery must be relieved. As far as GE shareholders are concerned, Flannery has been a bearer of bad news almost since taking the job in August.

Takeda again sweetens its offer for Shire

Japanese drug maker now says it’s willing to pay about $62 billion for the Irish-based biotech, which is run out of Massachusetts.

The Federal Aviation Administration is poised to issue an emergency airworthiness directive as soon as Friday calling for stepped up inspections of the CFM56-7B.

FAA is said to plan emergency engine checks after fatal accident

US aviation regulators are planning to require emergency inspections of one of the most popular jet engines in the world.

Harvard grad students vote to unionize

Nearly 5,000 teaching and research assistants join the United Auto Workers, a union with blue-collar roots that has become a bastion of academic organizing

Douglas Farmbrough III, chief executive of Cambridge biotech Dicerna Pharmaceuticals Inc.

Two Cambridge biotechs settle dispute over alleged theft of trade secrets

Without admitting wrongdoing, Dicerna will pay much its larger rival Alnylam $15 million plus stock to resolve litigation.

A 3-D printed “upper,” the top part of a shoe, at Voxel8 in Somerville.

Scott Kirsner | Innovation Economy

This Somerville startup wants to change the way shoes are made

Somerville’s Voxel8 says its 3-D printing method allows for more customization and less waste and it is hoping shoe manufacturers take notice.

General Electric Co. stuck with its 2018 profit forecast, powering shares to the biggest gain in three years as the beleaguered manufacturer defied expectations of a cut.

GE jumps most in 3 years as ‘excited’ CEO gets investors to buy in

General Electric Co. stuck with its 2018 profit forecast, powering shares to the biggest gain in three years as the beleaguered manufacturer defied expectations of a cut.

Mick Mulvaney has spent the past several months doing everything he can to weaken the Consumer Financial Protection Bureau.

Wells Fargo said to be target of $1 billion US fine

Federal regulators are poised to impose a $1 billion fine on Wells Fargo for years of selling unnecessary products to customers, the toughest action by the Trump administration against a major bank.

Weekend business agenda

Innovation conferences, bitcoin and blockchain explained, and other events and things to know.

The new Silver Line extension from Chelsea to Logan Airport and the Seaport District opens to the public on Saturday.

Shirley Leung

Silver Line’s newest route links Chelsea, Seaport

A one-seat ride through the Ted Williams Tunnel serves Logan Airport, the Seaport District, and South Station.

Lexington, MA -- 3/27/2018 - Vito LaMura makes a Meals on Wheels delivery to Sally Neale in Lexington. (Jessica Rinaldi/Globe Staff) Topic: xxmealwheel Reporter:

For those who receive — and deliver — Meals on Wheels, more than nutrition is on the menu

For hundreds of thousands of people in Massachusetts, many of whom are hungry and isolated, Meals on Wheels is a daily human connection to the outside world.

MassHealth overpaid for drug tests, audit finds

Laboratories bill separately for tests that are supposed to be “bundled,” costing the state up to $4.4 million over four years.

Federal regulators reportedly plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses.

Wells Fargo to be fined $1 billion as early as Friday, reports say

The fine is for alleged abuses tied to its auto lending and mortgage businesses, multiple outlets reported.

Jane Collins in her Duxbury home with some of her best-known courtroom drawings.


One of this courtroom artist’s biggest challenges: Whitey Bulger’s bald head

Duxbury’s Jane Collins says she never imagined she’d land in front of a judge (and infamous criminals).

Some Brockton Census tracts are included in the list of “Opportunity Zones” compiled by the state.

State names 138 neighborhoods as ‘Opportunity Zones’

The areas could qualify for a new federal program that gives tax breaks for business and real estate investments.

Amazon’s Jeff Bezos, the world’s richest person, reported total compensation of $1.68 million last year.

The median pay for Amazon employees? Less than $30,000 a year

Amazon reported the number for the first time under a new requirement that companies disclose the gap between pay for the rank-and-file and the person in the corner office.

An expert panel on Thursday unanimously recommended that the FDA approve Epidiolex for two rare and devastating forms of epilepsy.


Panel recommends FDA approval of epilepsy drug derived from marijuana

An expert panel on Thursday unanimously recommended that the FDA approve Epidiolex for two rare and devastating forms of epilepsy.

Jannelle Chan is the state’s new undersecretary for Housing and Community Development.

MBTA executive named head of state housing and community development

Janelle Chan, who was chief of real estate at the T, will be overseeing the state’s affordable housing programs, community service, and assistance for homeless people.

A worker packed drugs  at Takeda in Oranienburg, Germany.

Shire rejects Takeda’s $60 billion takeover bid

The Irish drug maker, which has most of its operations in Massachusetts, rejected an offer that would have made Japan’s Takeda one of the biggest drug makers in the world.

Boston, MA - 4/18/2018 - An Embr Wave, a device that straps to your wrist like a watch to help change the feel of your body's temperature, is displayed in Boston, MA, Apr. 18, 2018. (Keith Bedford/Globe Staff)

Climate control on your wrist from Somerville-based company Embr Labs

The Embr Wave, a device that straps to your wrist like a watch, functions like a personal thermostat and can cool you off or warm you up.

Tech Lab by Hiawatha Bray


Bray writes about technology for the Business section. His Tech Lab column appears on Thursdays.

Shirley Leung


Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.