Retirement inequality hitting many hard

Almost everyone will retire, but it’s mostly the rich who are planning for that day.

Multicolor flip-flops on wooden background. Summer family vacation concept; Shutterstock ID 269437022; PO: oped

scott kirsner | innovation economy

What could possibly be bad about unlimited vacation time?

A growing number of companies allow employees to take as much time off as they want. But the policies can create problems.

SEIU member Khalida Smalls (left) conferred with the Rev. Mariama White- Hammond as they attended a labor rally in the South End Thursday with Marya Axner of Jewish Labor Committee.

Proposal that would have excluded some janitors from a new contract is withdrawn

Cleaning companies drop request to exclude some janitors in small buildings from union wages.

GE wants to demolish the green pedestrian bridge over Necco Court.

GE plan to demolish historic bridge runs into neighborhood resistance

Plans for General Electric’s new headquarters complex in Fort Point have run into a speed bump.

Latest Business headlines

Deutsche Bank shares swing wildly amid stability concerns

Shares in Deutsche Bank swung wildly on Friday, touching a record low before roaring back to life, amid speculation about the stability of Germany’s biggest bank and the European financial system.

Stocks say ‘nevermind’; reverse recent losses as banks jump

U.S. stocks climbed Friday as banks made a rapid recovery following a steep fall a day ago. Investors hoped Deutsche Bank and the financial system in general were in better shape than they had feared.

Union representing janitors averts strike

A strike that would have hit several thousand office buildings in the Boston area was averted late Friday.

Consumer Reports | Product Review

Save money — and sanity — with tips on flying

Fed up with high prices, endless fees, cramped seats, long lines, and crazy connections? Here are some of Consumer Reports’ strategies for flying saner, safer, and cheaper.

On the Job

A pet therapist isn’t for the birds

Michelle Posage works with pets that suffer from aggression, obsessive behavior, and other problems that can make a owner miserable.

More Business headlines

Job Doc

Do you have the right stuff to be an entrepreneur?

Here are some must-have traits for successful entrepreneurs.

Any company can color merchandise pink or use a pink ribbon image, whether they donate all their proceeds to cancer charities or only a tiny percentage.

Consumer Alert

Skip the breast cancer awareness gimmicks and donate directly

Your charitable impulses will be better served by a donation to a charity than by buying pink products.

Jesse Baerkahn.

Five things to know about Jesse Baerkahn

Founder and president of retail advisory firm Graffito SP, Baerkahn plays a quiet but key role in shaping the street-level experience of Boston’s building boom.

Amazon ships first order from new Fall River warehouse

The internet retailer’s 1 million-square-foot facility is officially in business.

Harvard University dining hall workers were joined by students and union activists during a rally near Harvard Square.

Strike looms for Harvard dining hall workers

After more than 15 bargaining sessions, two attended by a federal mediator, the two sides remain at a stalemate over wages and health care costs.

Home health company, executives indicted in health care fraud

A grand jury charged Compassionate Homecare Inc. with allegedly defrauding the state’s Medicaid program of more than $800,000.

A rendering of “One Charlestown.”

Review of massive ‘One Charlestown’ project begins

Developers have proposed replacing an aging public housing complex with a new mixed-income neighborhood of 3,200 apartments and condos.

Here’s what GE CEO Jeff Immelt thinks of Boston so far . . .

He had some high praise for his new city.

Children’s gets green light for hospital expansion, with conditions

The recommendation by state health regulators is scheduled for a vote on Oct. 20.

Report says Obama administration failed to follow health law

The Obama administration failed to follow the president’s health care law in a $5 billion dispute over compensating insurers for high costs from seriously ill patients, Congress’ investigative arm said Thursday.

Senator Elizabeth Warren said students defrauded by a for-profit school were pressured to repay their loans.

Warren joins complaints against debt collection practices

Senator Elizabeth Warren blasted the US Department of Education for sending debt collectors after students who were defrauded by a for-profit school.

Most Americans believe prescription drug prices are unreasonable

Those responding to a Kaiser poll support some, but not all, of the ideas being floated to lower costs.

High expectations for Nobel recipients can be hard to meet

The path from a brilliant lab discovery to an actual medication is long and winding.

Molecule can make mice smarter. Can it heal brains?

The discovery of this potentially promising compound has ignited a scientific and entrepreneurial whirlwind, with a playful, brilliant scientist in the middle.

BOSTON, MA - 9/29/2016:Exterior view of Brigham and Women's Hospital opens a new clinical and research building on its Longwood campus (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 30brigham

Brigham and Women’s expands its campus with a $475m building

The 11-story building will put patients, doctors, and scientists under one roof.

Harvard’s Cambridge campus.

Harvard raids rival Columbia for new endowment chief

N.P. “Narv” Narvekar, currently head of Columbia University’s endowment, will take over Harvard’s $35.7 billion fund in December.

Conservation Law Foundation sues Exxon Mobil

The suit accuses Exxon Mobil Corp. of ignoring pollution hazards posed by the energy giant’s waterfront terminal in Everett.

Stocks slide on Deutsche Bank worries

Drug makers and banks absorbed big losses.

Friday’s business agenda

Bootcamps, festivals, and more notable events and things to know.

ImmunoGen cutting 65 jobs after strategic review

Waltham biotech company ImmunoGen Inc. said Thursday it will eliminate 65 jobs from its workforce.

A Dunkin’ Donuts shop in Dorchester.

Bottled Dunkin’, coming to a grocery store near you

The iced coffees will be sold in grocery and convenience stores, as well as Dunkin’ Donuts shops across the nation.

In a report Thursday, S&P Global Ratings said its outlook for Harvard was stable.

Harvard keeps AAA bond rating

Wall Street bond analysts shrugged off Harvard University’s lagging endowment returns, maintaining the AAA rating for the institution’s $5 billion in debt.

GE announces partnership with Boston-based Allied Minds

By sharing technology, GE and a local intellectual property company think they can create winning startups.

LEO Pharma grabs toehold in Cambridge

Denmark’s LEO Pharma is the latest European health care company to open an office in Kendall Square.

‘Virtual’ groundbreaking for a real building

Suffolk Construction used virtual reality to simulate a groundbreaking.

Ginkgo Bioworks opens production site for custom cells

The new 18,000-square-foot foundry near the company’s South Boston headquarters will make living cells for food, fragrances, and cosmetics.

Thursday’s business agenda

Mortgage rates, workshops, and more notable events and things to know.

Sumner Redstone (left), owner of National Amusements, with CBS CEO Leslie Moonves. CBS is a subsidiary of National Amusements.

Viacom, CBS owner said to be eyeing merger

The Redstone family is pushing ahead to reunite Viacom Inc. and CBS Corp.

Amy Whitcomb Slemmer is on track to be ordained in June.


For Health Care for All chief, a spiritual shift

The organization’s executive director, Amy Whitcomb Slemmer, is resigning to become a priest.

Biotechs leverage patient groups in drug development

Startups are tapping patient groups to raise awareness of diseases, bankroll research, design clinical trials, and tell their stories to the regulators.

Boston Ma 09242016 Janitors in the greater Boston area , and their supporters march down Boylston Street ,after a vote was taken to authorize their bargaining committee to call for a strike ,if they can't agree on a deal by September 30th. Globe/Staff Photographer Jonathan Wiggs

Janitors, building contractors negotiate amid threat of strike

Both sides hope to come to an agreement by Friday night when the current contract is set to expire.

The blockchain that makes bitcoin work is really a vast and accumulating database of transactions that are stored on a network of thousands of computers.

Hiawatha Bray | Tech Lab

Bigger than bitcoin: Here comes blockchain

Blockchain has so far proved to be a bomb-proof way of registering and storing information so that it is impervious to hacking.

Fed politics in spotlight as Yellen cornered by lawmaker

Federal Reserve Chair Janet Yellen’s defense of the central bank as nonpartisan came under attack on Wednesday, as a Republican congressman cornered her on whether a key policy maker would have a conflict of interest in discussing a post in the next US president’s administration.

Och-Ziff hedge fund unit to plead guilty to bribery

Och-Ziff Capital Management is expected to have an overseas subsidiary enter a guilty plea.

Edwin Crespo manned the meat counter at the Big Y on Hancock Street in Quincy. The company kept former Hannaford employees on the payroll when it took over.

Springfield grocer Big Y takes a big step into Eastern Mass.

West of Worcester, Big Y is an institution. Now it’s making a big play around Boston.

FILE -- In this May 31, 2016 file photo is State Treasurer John Chiang, right, at a news conference with Assemblyman Ken Cooley, D-Rancho Cordova, left, in Sacramento, Calif. Chiang announced, Wednesday, Sept, 28.2016, that he's suspending some of the state's business with Wells Fargo amid a scandal over millions of accounts allegedly opened without customers' permission. (AP Photo/Rich Pedroncelli,file)

California suspends some Wells Fargo business amid scandal

California’s treasurer said he’s suspending some of the state’s most profitable lines of business with the bank amid allegations bank employees opened millions of accounts without customers’ permission.

The group’s president, Mohammed bin Saleh al-Sada of Qatar, spoke with its secretary general, Mohammed Sanusi Barkindo, on Wednesday.

OPEC reaches preliminary accord to curb oil production

Output levels must still be finalized at a meeting in Vienna in November.

Vertex wins OK for cystic fibrosis drug for younger patients

Federal regulators Wednesday approved Vertex’s Orkambi drug to treat children from 6 to 11 years old.

Energy stocks lead market higher

Reports say OPEC nations are moving closer to an agreement to cut oil production.

The device used to inject flu vaccine in this 1968 photo was described as “an innovative syringe.”

What you need to know about flu vaccines as the winter draws near

While the flu is a common illness, that hardly means the science around it is static.

Governor Charlie Baker’s first overseas trade mission will be to Israel in December.

Governor Baker confirms Israel trade mission

It’s official: Governor Charlie Baker will head to Israel in December for his first overseas trade mission.

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.