Foreign buyers at Millennium Tower show that Boston is on a world stage

Buyers from China, Greece, and Hong Kong are scooping up condos at the high-end Millennium Tower.

Deborah DiSanzo is general manager of IBM Watson Health, IBM’s new health care division. It’s headquartered in Cambridge at 75 Binney St.

With Watson Health, IBM bets big on health care

The Cambridge-based operation is expected to employ at least 700.

Boston-based General Electric Co. is donating $7.5 million for the MIT Energy Initiative’s research efforts.

GE joins MIT energy initiative, donates $7.5 million

The money will help pay for the initiative’s work on solar power, the electric grid, industrial batteries, and carbon sequestration.

Mylan Pharmaceuti-cals has faced criticism over big price hikes.


The generic EpiPen may be more profitable for Mylan

The drug maker plans to sell the generic version directly to consumers for half the cost of the branded product.

Latest Business headlines

Apple said to prepare upgrades for iPhone, new features for iPad

Apple is holding an event on Sept. 7, and the keynote will focus on upgraded versions of the iPhone, among other features.

EMC sale clears last hurdle, Dell to close on purchase next week

The $65 billion tech takeover, the biggest in that industry’s history, has won approval of Chinese regulators.

Abercrombie & Fitch can’t get the grown-ups into the kids’ clothes

Abercrombie & Fitch wants adults in their twenties to wear its clothes. The grown-ups appear to be saying: Why would I?

Waterville Valley Resort to build new ski trails

Construction has begun on a new slope dubbed “Green Peak,” which is set to open this winter.

Apple gets hit with $14.5b tax bill

Ireland gave billions in euros worth of illegal tax benefits to the US technology giant, the European Union ruled.

More Business headlines

Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland August 30, 2016. REUTERS/Stringer

Why Ireland doesn’t want to take billions from Apple

The Irish government joined Apple in vowing to appeal the European Commission’s judgment that the company didn’t pay the correct volume of tax.

Instacart expands high-tech grocery delivery, with hopes of helping grandma

For its next act, the company wants to help aging residents navigate the necessities of hometown living.

The drug industry has spent $171 million on unbranded ads so far this year.


Drug companies spending more on unbranded ads

The stealthy and lightly regulated form of drug marketing focuses on educating the public about a condition — which the pharma company just happens to sell a product to treat.

Thousands have applied for the ability to fly drones.

Thousands sign up for FAA’s drone pilot test

The first major regulations governing civilian drone operations permit anyone 16 or older to fly for hire if they pass a written knowledge test and background check.

Health law marketplaces are in trouble. What can be done?

The law’s online marketplaces have been suffering from high-profile defections and double-digit premium increases.

A Kate Spade store in New York, where back-to-school means more luxury items to sell.

Back-to-school divide: $195 headbands and $1 glue sticks

The fashion brand Kate Spade is most known for luxury handbags. But it is also banking on the increasingly important back-to-school shopping season.

Graduates from the Roca-CVS Pharmacy Technician Training program received their certificates at Roca. a Chelsea-based nonprofit.

CVS, nonprofit team up to train, employ young mothers

Eight young mothers graduated from a training program through a partnership of CVS Health and Roca, a Chelsea-based nonprofit.

Harvard teams up with Tata for research, executive education

The $8.4 million agreement is the first to combine the research capabilities of Harvard’s engineering and business schools with its leadership development programs.

Jewish charity’s CFO fired amid claims of financial misdeeds

Jewish Big Brothers Big Sisters of Greater Boston didn’t name the executive in a letter to donors.

Bold Types

BC Chief Execs Club crosses the pond

For the first time in its 24-year history, the Boston College Chief Executives Club is taking its show overseas. The real reason? A football game.

“Always upbeat, great fliers make the best of their situation no matter where they’re sitting,” one new print ad from American Airlines says.

Great fliers make the ‘best of their situation,’ American Airlines suggests

American Airlines wants you to know it would really, really appreciate it if you could be polite to fellow passengers and flight attendants.

A sale of the Hershey Co. would have been subject to a trust that is the business’s controlling shareholder.

Mondelez says it ended talks to buy Hershey

Oreo cookie maker Mondelez International Inc. says it has ended discussions to buy The Hershey Co.

Out of Town News founder heartbroken over its potential departure from Harvard Square

Word that Out of Town News could be pushed out its iconic kiosk in Harvard Square as part of proposed renovations by the city was a blow to Sheldon Cohen, the newsstand’s founder, who vowed to “do whatever I can” to ensure the business remains where it is.

Tuesday’s business agenda

Consumer confidence, networking, and more notable events and things to know.


Mylan to launch generic version of EpiPen, at half the cost

The drug maker, under fire from the public and Congress over EpiPen’s high price, plans to release a generic version.

Rents will stay stable at 875 American Legion Highway in Roslindale.

City program to preserve low-rent apartments off to slow start

The first deal under the program, announced in May, was recently secured.

Moderna Therapeutics has 11 drugs in development and two in clinical trials, the company reported recently.

With 11 drugs in pipeline, Moderna wants to raise $600m

The Cambridge biotech has already raised more than $1 billion from investors as it works to develop a class of therapies.

An introductory project management class will be offered Monday.

Monday’s business agenda

Gas prices, networking, and more notable events and things to know.

A Bridj vehicle can carry shipments as well as passengers.

Ride service Bridj plans package deliveries, with robots helping

If Matthew George has his way, a robot might deliver your groceries, maybe as soon as this year.

Facebook reduces human involvement in selection of trending topics

The social network’s move comes after a controversy over the matter earlier this year.

A view looking west along Broadway.

Is another big office building is coming to Cambridge?

The city will consider Boston Properties’ designs for a 454,000 square-foot, 19-story office building at 145 Broadway.

Netflix, with its vast library of movies and TV shows, is still the king of binge.

Consumer Reports | Product Review

Cutting the cable TV cord? Here are some options

From Acorn TV to Sling TV, there are many choices for digital video streaming services.

Khrysti Smyth is a backyard chicken farmer who is also the go-to expert on urban agriculture. “I helped pass the first prochicken ordinance in Boston and now offer seminars, classes, chicken consulting, and kids programs,” she said.

On the Job

Much to cluck about for chicken farmer

Whether it’s coop building, municipal zoning, or egg laying, Khrysti Smyth is the go-to expert on all things poultry.

Job Doc

Getting shortchanged on the final paycheck

What to do after the company erred in its own favor.

Sumner Redstone.

Fight over Redstone’s billions apparently settled

Factions of the Redstone family accepted a deal that will likely end the fight for control of a $40 billion media empire.

Jim Judge is the chief executive at Eversource Energy.

Five things you should know about Jim Judge

Judge is the new chief executive of Eversource Energy.

Consumer Alert

The ABCs of 529s

Worried about paying for college? Here’s an introduction to savings plans.

Many of taxi drivers’ requests on Uber and Lyft went unheeded in the final regulating law.

The New Economy takes on Beacon Hill

Tech players that typically rule Kendall Square have been flexing their muscles at the State House in recent months.

Congress looking into John Hancock’s long-term care increases for federal employees

John Hancock Financial is drawing fire from Congress over the steep rate increases to its long-term care insurance policies for federal employees.

Gao Yan is determined to prove Chinese craft beer can hold its own.

How New England shaped China’s craft brew master

The father of China’s craft beer revolution got his start on bar stools in Rhode Island and southern Massachusetts.

Fed Chair Janet Yellen said the case for an interest rate increase “has strengthened in recent months.”

Yellen signals time for rate increase could be nearing

But the Fed chair emphasized that no decisions had been made and that any forecast is inherently uncertain.

Alere sues to force Abbott to complete $5.8 billion takeover

In a complaint filed in Delaware Chancery Court, the Waltham company alleges that Abbott has failed to obtain required antitrust approvals for the merger.

Was that Lexus in Kendall Square a self-driving car?

The vehicle spotted Friday -- with a driver -- is thought to belong to the Toyota Research Institute.

New Bedford Regional Airport courts international corporate travelers, domestic flights

Since completing a five-year $30 million face lift, New Bedford Regional Airport is positioning itself for growth.

The Out of Town News kiosk in Harvard Square.

That day Paul Allen started a company at the Out of Town News stand in Harvard Square

The venerable news kiosk sold the magazine that sparked Microsoft co-founder’s inspirational moment. Now it’s threatened with closure.

Two central Mass. hospitals may merge

The merger would unite HealthAlliance Hospital in Fitchburg and Clinton Hospital.

FILE PHOTO -- Federal Reserve Chair Janet Yellen attends a news conference after chairing the second day of a two-day meeting of the Federal Open Market Committee to set interest rates in Washington, DC, U.S. on June 17, 2015. REUTERS/Carlos Barria/File Photo

Janet Yellen suggests rate hike is coming, but offers no timetable

The Federal Reserve chair was optimistic about the US economy as she said the central banking system is moving toward raising interest rates.

US economy grew at tepid 1.1 percent pace in spring

Businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment.

John Hancock offices in the Seaport District.

Can artificial intelligence guide stock picks?

A Boston-based firm hopes to bring the same technology behind Netflix’s personalized recommendations to financial services.

26harvardkiosk Harvard Square 7/29/2970 Globe File Photo

Harvard Square could lose iconic Out of Town News

The newsstand in the tiny 500-square-foot kiosk is not part of Cambridge’s proposed $4.6 million project to remake the plaza.

The finding for GM in the Texas case was the third this year in a series of trials designed to settle dozens of similar claims.

Jury: GM car’s ignition switch not to blame in fatal crash

A Texas jury on Thursday found that a General Motors Co. ignition switch was not to blame for a 2011 accident that killed one driver and injured another.

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.

Innovation Economy by Scott Kirsner


Kirsner’s Innovation Economy column appears in the Boston Sunday Globe, and he contributes to the Globe’s Beta Boston website.