No winners in Yawkey Way street fight

The dispute over Tom Yawkey’s legacy exposes how hard it is for our city to move beyond its racist past.

A protester left this poster depicting Alexander Nix, CEO of the political consulting firm Cambridge Analytica, outside of his office in London.

Cambridge Analytica suspends CEO after data scandal; FTC probing Facebook

The Federal Trade Commission has opened an investigation into whether Facebook violated an agreement on data privacy.

The now-infamous company Cambridge Analytica takes its name  from the University of Cambridge in England (bottom), not the city in Massachusetts that is home to Harvard University (top).

No, Cambridge Analytica is not a local company

The “Cambridge” in this case refers to the storied college in England.

Total household debt now stands at about 79 percent of household income. That's well above the 60 to 70 percent rates of the pre-bubble years.

Evan Horowitz | Quick Study

With financial crisis a distant memory, Americans load up on debt again

We are borrowing more and saving less. — and with interest rates set to rise, that could be a problem.

Latest Business headlines

Steve Wynn looks to sell shares in his former company

Steve Wynn plans to potentially sell all his stock in the casino operator, a month after he resigned over sexual assault and harassment allegations.

Hiawatha Bray

How to use Facebook without giving up your data

A one-day boycott would starve Facebook of the personal information that sustains its multi-billion dollar business.

Novartis sales reps will testify about lavish meals, US says

Prosecutors said numerous representatives for the Swiss company will testify they plied doctors with meals, booze, and other benefits in exchange for promises to prescribe Novartis drugs.

Stock mostly rise, but Facebook sinks again

Stock indexes finished mostly higher after a day of bouncing around Tuesday.

Business agenda

A mini conference for female entrepreneurs, speaker sessions, and other events and things to know.


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Special section | Game Changers

// 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.


// In Boston, the anxious launch of a gene therapy with a record price

Luxturna is a gene therapy for a rare, inherited retina disease that carries a list price of $850,000.

More Business headlines

The Food and Drug Administration issued a call Tuesday for more information about flavored tobacco products, with the aim of preventing children and young people from getting hooked on nicotine.

US regulators renew scrutiny of menthol, tobacco flavors

The Food and Drug Administration issued a call Tuesday for more information about flavored tobacco products, with the aim of preventing young people from getting hooked on nicotine.

NuTonomy is one of two companies experimenting with self-driving vehicle technology in Boston.

Walsh wants self-driving car regulations amid Seaport testing pause

Mayor Walsh called for clear regulations to govern the fledgling technology after the death of a pedestrian hit by a self-driving Uber car in Tempe, Ariz.

The Google logo at the company's Asia-Pacific headquarters in Singapore, on Nov. 10, 2016. MUST CREDIT: Bloomberg photo by Ore Huiying.

Google announces plan to combat spread of misinformation

The internet giant has pledged to spend $300 million over the next three years to support authoritative journalism.

FILE - In this March 15, 2013, file photo, a Facebook employee walks past a sign at Facebook headquarters in Menlo Park, Calif. The San Jose Mercury News reports Saturday, March 17, 2018 that building permits compiled by Buildzoom show Facebook plans to erect the 465,000 square-foot (43,200 square-meter) building at its campus in Menlo Park, Calif. (AP Photo/Jeff Chiu, File)

FTC investigating Facebook in use of personal data by Cambridge Analytica

The Federal Trade Commission has opened an investigation into whether Facebook violated an agreement with the agency on data privacy.

United Airlines said it will halt PetSafe reservations while it reviews the service, which lets customers ship pets as cargo.

United Airlines suspends new reservations for pets in cargo hold

United Airlines is pausing its pet-shipping business after mishaps that include a dog winding up in Japan instead of Kansas.

Harvey Weinstein’s scandal-plagued movie studio files for bankruptcy

The Weinstein Co. has filed for bankruptcy protection with a buyout offer in hand from a private equity firm.

Cambridge Analytica's chief executive officer Alexander Nix

Cambridge Analytica CEO appears to talk about election bribes, sex workers on video

The broadcast sparked a fresh round of questions about a company already embroiled in controversy.

15robotdog - the SpotMini robot from Boston Dynamics (Boston Dynamics)

Jeff Bezos and the futuristic dog-robot from Boston Dynamics step out

The Amazon chief executive took a stroll with a futuristic version of man’s best friend.

Facebook security chief quits amid conflicts with executives

Alex Stamos had been a strong advocate inside the company for investigating and disclosing Russian activity on Facebook.

Alexander Nix is the chief executive of Cambridge Analytica.

Hiawatha Bray | Tech Lab

Facebook’s mentality: anything for a buck

A political research firm linked to the Trump campaign may have improperly accessed user data, but Facebook should not have allowed it to happen.

Daily print sales of the Herald have fallen to roughly 45,000 from 300,000-plus in 1994.

Digital First Media completes acquisition of Herald, ending 24 years of local ownership

Digital First edged out rival GateHouse Media last month with a nearly $12 million bid in a bankruptcy auction.

(FILES) In this file photo taken on December 28, 2016 A picture taken on December 28, 2016 in Vertou, western France, shows logos of US online social media and social networking service Facebook. Cambridge Analytica is a private company for strategic communication and data analysis at the heart of a scandal over the use of personal data collected on Facebook. A subsidiary of Strategic Communications Laboratories (SCL), Cambridge Analytica (CA) has offices in New York, Washington and London and is directed by Alexander Nix. / AFP PHOTO / LOIC VENANCELOIC VENANCE/AFP/Getty Images

Facebook security chief quits amid conflicts with executives

Alex Stamos had been a strong advocate inside the company for investigating and disclosing Russian activity on Facebook.

Business agenda

Networking, tech startup strategies and other events and things to know.

Data storage beyond the clouds: Wasabi promises a super-secure system in space

In space, no one can steal your data.

Claire’s, the teen jewelry chain, files for Chapter 11 bankruptcy protection

For four decades Claire’s has been a fixture at malls and shopping centers, piercing the ears of millions of teenagers.

Want to avoid the flu while flying? Here’s what experts say you should do

The advice comes out of a new attempt to determine the risks of catching germs on an airplane.

Paul Ayoub is the new chairman of the Greater Boston Chamber of Commerce.


Chamber’s new leader has big goals, but lots of help

Paul Ayoub has his work cut out for him at the Greater Boston Chamber of Commerce.

A still image taken from video provided by ABC-15 showed investigators at the scene of a fatal accident involving a self-driving Uber car and a woman crossing a street, who may have been walking with a bicycle, in Tempe, Ariz.

Woman struck and killed by self-driving Uber vehicle

A self-driving Uber vehicle struck and killed a pedestrian in a Phoenix suburb in the first fatality involving a fully autonomous test vehicle.

Facebook drags technology companies down as stocks slide

Facebook plunged to its worst loss in four years Monday and led a rout in technology companies.

Watchdog group says researcher who worked on Aegerion drug didn’t disclose taxpayer funding

A group says an Ivy League professor who helped invent Juxtapid never disclosed taxpayers’ role in his work when he obtained six patents, as required by law.

Walsh wants City Council to delay vote on rules for short-term rentals

Councilors could vote as soon as Wednesday on rules to rein in the city’s booming short-term rental industry. But Mayor Walsh would rather they didn’t.

FILE - In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia. Facebook suspended Cambridge Analytica, a data-analysis firm that worked for President Donald Trump's 2016 campaign, over allegations that it held onto improperly obtained user data after telling Facebook it had deleted the information. (AP Photo/Matt Rourke, File)

Facebook and other tech stocks plunge as US indexes skid

A sharp loss for Facebook is dragging technology companies lower Monday as US stock indexes skid.

Here’s what you need to know about MassHousing’s zero down-payment program

A step-by-step guide to figuring out whether you qualify.

Facebook CEO Mark Zuckerberg.

Mark Zuckerberg’s fortune falls $3.8b over Facebook data exploitation

The Facebook CEO’s fortune dropped $3.8 billion Monday as investors weighed reports that a political firm retained information on millions of Facebook users without consent.

A woman exits a Claire's store in New York.

Claire’s, known for tween jewelry, becomes latest retail bankruptcy

Its plan to survive rests on its reputation and a unique service that it says can’t be replicated by shopping online: ear piercing.

The Amazon Go store in Seattle keeps track of what shoppers pick up and charges them after they leave — that is, if Amazon can get them to simply walk out of the store without paying.

Amazon had trouble getting people to simply walk out of its cashier-less store

“People would stop at the end on their first trip or two and ask, ‘Is it really OK if I just leave?’’’ said Gianna Puerini, vice president of Amazon Go.

121nexus Executive Vice President and COO Heather Ryan.

In wake of #MeToo, a growing interest in hiring and promoting female executives

As the #MeToo movement and public outcry about the treatment of women spreads, corporate America is slowly responding.

For many, the prospects of being able to buy a home in the Boston area are slim.

New MassHousing mortgage program requires no down payment

A new MassHousing program would let qualifying homebuyers finance their entire purchase.

The National Highway Traffic Safety Administration has opened an investigation into a series of deadly crashes in which airbags in Hyundai and Kia cars failed to inflate. Above: The interior of a Hyundai Veloster.

Federal officials probe air bag failures in deadly wrecks

Air bags failed to inflate in some Hyundai and Kia vehicles during crashes. Four people have died.

Facebook bans Trump campaign’s data analytics firm for taking user data

Facebook is suspending the Trump-affiliated data analytics firm Cambridge Analytica, after learning that it failed to delete data that it had taken inappropriately from users.

The week ahead in business

Social media strategy, a panel on pitching to investors, and other events and things to know.

A Macy's Backstage opened last year at Providence Place mall in Rhode Island. 


Macy’s hopes Backstage will put it back in the spotlight

The troubled retailer is bringing its “store within a store” concept to Massachusetts.

Sheryl Sandberg’s “Lean In: Women, Work, and the Will to Lead” became a cultural phenomenon.

A look at ‘Lean In’, five years later

When Sheryl Sandberg’s “Lean In: Women, Work, and the Will to Lead” was published five years ago this month, it became a cultural phenomenon.


Don’t hide open work environment concerns

Many companies are developing policies that attempt to limit negative, aggressive, or inappropriate behavior.

Amazon held a job fair at the Hilton Hotel in Boston in late 2017.

Questions on Amazon bids met with silence, as 50,000 jobs hang in the balance

At the company’s request, officials in Boston and other cities have stopped talking about their efforts to lure Amazon’s second headquarters.

Second Nike executive is said to be leaving amid conduct review

Jayme Martin, vice president and general manager of global categories at Nike, is no longer with the company, according to a person with knowledge of the matter.

A token beaing the symbol of a cryptocurrency

FTC is cracking down on a string of alleged cryptocurrency scams

The lawsuit by the Federal Trade Commission takes aim at so-called chain referral schemes involving cryptocurrencies, a first for the consumer protection agency.

French President Emmanuel Macron, right, and German Chancellor Angela Merkel attend a joint press conference during their meeting at the Elysee Palace in Paris, Friday, March 16, 2018. German Chancellor Angela Merkel is heading to France to meet President Emmanuel Macron in her first trip abroad since her new government was sworn. (Ludovic Marin, Pool Photo via AP)

Macron, Merkel pledge push to settle euro differences by June

Their promise signaled a push to overcome historic differences as Chancellor Angela Merkel begins her new term.

Senator Elizabeth Warren described the recently passed banking deregulation bill as “so dangerous.”


Stay ‘woke’ or we’ll have another financial crisis

It’s so easy to become complacent when times get better.

An artist’s depiction of the proposed Boylston Street condo building that won city approval. To the left is the One Dalton tower, which is now under construction.

Condo tower approved for Boylston Street

The building will rise 484 feet above the Massachusetts Turnpike.

Harvard will work to revise its independent-contractor policy to reflect state and federal law, according to the settlement.

Harvard settles suit, will reclassify contractors as staff

About 20 workers at the school’s Center for Wellness will each receive as much as $30,000 in back pay.

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.