Neighborhood Health Plan stops taking MassHealth members

Neighborhood Health Plan isn’t taking new MassHealth members after having lost $241 million since 2014.

A person held up credit cards.

Banks are issuing credit cards like it’s 2007

Banks are issuing credit cards at a rate unseen since before the 2008 financial crisis, and rewards wars are heating up.

Nessan Bermingham (center), the CEO of Intellia Therapeutics, toured the company’s new offices in Cambridge. The fast-growing startup plans to move in Dec. 1.

Space is at a premium for Cambridge startup Intellia

Intellia Therapeutics Inc. is one of a trio of local startups working on a type of gene-editing technology that could lead to cures for genetic disorders.

BOSTON, MA - 10/26/2016: The interior view of the new Clarks HQ in the old Polaroid building in Waltham. (David L Ryan/Globe Staff Photo) SECTION: METRO TOPIC 27shoehistory

Massachusetts ‘is where the heart of the footwear business is’

In a twist on globalization, many prominent footware companies are building up their brands from the Bay State.

Latest Business headlines

Bain exec says election could create upheaval in US markets

Bain Capital managing director Jonathan Lavine predicted the potential for upheaval, particularly if Donald Trump wins.

Twitter to lay off more than 300 workers

Twitter, seemingly unable to find a buyer and losing money, is cutting about 9 percent of its employees worldwide.

Fidelity Charitable now ranks as the top nonprofit fund-raiser in the US

For the first time, the charitable-giving arm of Fidelity Investments raised more money than any other nonprofit in the country.

Chip maker Qualcomm buying NXP Semiconductors

Chip maker Qualcomm is buying NXP Semiconductors N.V. in a deal valued at approximately $47 billion.

Boston condo prices hit new heights

The median price hit $913,500, thanks to the new Millennium Tower.

More Business headlines

Manchester, N.H., Web service provider Dyn was hit Friday in a cyberattack.

Hobbyist hackers probably caused Friday’s Internet meltdown

Researchers at cyber-intelligence firm Flashpoint say the Internet meltdown may have been carried out by amateurs who haunt a popular hacking forum.

Chipotle Mexican Grill Inc. has been struggling after a number of foodborne outbreaks in the past year.

Chipotle plummets after elusive comeback shakes confidence

Shares of the burrito chain plunged after disappointing third-quarter sales shook investor confidence.

Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/

GE drops bid to buy 3-D printing company

General Electric abandoned its planned acquisition of a German 3-D printing company after failing to receive support from shareholders including billionaire Paul Singer.

Thursday’s business agenda

Mortgage rates, earnings reports, and more notable events and things to know.

FILE - In this April 6, 2016, file photo, fans stand behind a large sign for equal pay for the women's soccer team during an international friendly soccer match between the United States and Colombia at Pratt & Whitney Stadium at Rentschler Field in East Hartford, Conn. The World Economic Forum's annual Global Gender Gap Report released on Oct. 25, 2016, found that the global gender pay gap will not be closed for another 170 years if current trends continue. (AP Photo/Jessica Hill, File)

Women won’t earn as much as men for 170 years, report says

The global gap in earnings between men and women will not be closed for another 170 years if current trends continue.

Stocks finish lower, but just a bit

US stocks dodged bigger losses and finished barely lower on Wednesday.

Banking veterans Mark Thompson (left) and John Sullivan will lead the takeover of Admirals Bank.

Shirley Leung

Does Boston need a bank just for millennials?

Admirals Bank is being relaunched as a lender for Boston’s new economy with a focus on millennials, young entrepreneurs, and nonprofits.

 MIT’s campus.

MIT launches venture capital fund

The $150 million fund will invest in research-intensive technologies such as clean energy and robotics.

 Dining hall workers at Harvard University started their strike earlier this month.

In 583-1 vote, Harvard dining hall workers OK labor contract

Dining hall employees are expected to be back on the job Thursday.


Millennials vote with their feet, Kerry Healey warns employers

Babson College president Kerry Healey said she sees a different way to measure success these days: work-life balance.

Peter Holden will leave Nov. 4 to pursue “new opportunities,” hospital officials said, without providing further details.

CEO of Plymouthth hospital to step down

The veteran hospital executive has held the top job for nine years.

Dublin startup Deposify picks Boston for US headquarters

The company is looking to hire 15 employees over the next 12 to 18 months.

Dyn, a New Hampshire internet service company, was targeted in last week’s cyberattack.

Internet meltdown may have been caused by hobbyist hackers

Some have worried that Russian government-backed hackers or sophisticated cybercriminals were behind the cyberattack.

FILE - This Feb. 14, 2013, file photo shows a Subaru logo on the grill of a Subaru automobile at the Pittsburgh Auto Show in Pittsburgh. Subaru announced Wednesday, Oct. 26, 2016, the company is recalling more than 100,000 of its top-selling models in the U.S. because a turbocharger air pump can run continuously, overheat and could cause fires. (AP Photo/Gene J. Puskar, File)

Subaru recalls more than 100,000 of 4 models

The company is recalling certain Legacy, Outback, Impreza, and Forester vehicles over concerns a turbo air pump can catch fire.

Ra Pharma shares close flat after IPO is expanded

The Cambridge biotech company sold just over 7 million shares at $13 apiece.

Biogen has no update on search for new CEO

The Cambridge biotech also reported third-quarter earnings that beat analysts’ estimates.

State Street Corp.

State Street earnings dropped 6 percent last quarter, while revenues grew

The Boston-based investment giant and custody bank is in the midst of a multi-year plan to make its business more digital.

Purple Carrot partners with Whole Foods

It’s an interesting move for the meal kit company, which has until now relied on an e-commerce subscription model to serve its customers.

Harvard University dining hall workers rallied Oct. 5 after going on strike.

Harvard, striking dining hall workers make deal

The university and dining hall workers who have been on strike for weeks have reached a tentative agreement.

Stuart Altman, a professor of health policy at Brandeis University, rejects the idea the state’s higher incomes excuse the costs.

Health care taking a bigger chunk of families’ paychecks

Mass. families spent 7.3 percent of incomes on health insurance last year, the Commonwealth Fund says.

In McDowell County, W.Va., the local sheriff said prescription pill abuse is so rampant that the county plans to file a new lawsuit against painkiller makers.


How big pharma thwarted pushback against OxyContin in W.Va.

A STAT investigation found that the drug’s manufacturer paid a middleman to prevent insurers from limiting prescriptions.

Wednesday’s business agenda

Earnings reports, networking, and more notable events and things to know.

Apple CEO Tim Cook cited good customer response to the new iPhones.

Apple shares fall on lower phone prices

Apple, which gets two thirds of revenue from the iPhone, experienced its first annual sales decline since 2001, amid waning smartphone demand.

Developing over the Massachusetts Turnpike by building a platform is a complex and expensive proposition, stalling several past projects.

Back Bay plan could bring dead zone to life

Two prominent Boston developers are proposing to build a pair of residential towers on one of the last dead zones in Back Bay.

An Otto truck on a test drive in San Francisco. The company said it completed its first self-driving commercial delivery.

Self-driving truck’s first mission: a beer run

The futurists of Silicon Valley may not have seen this one coming: The first commercial delivery made by a self-driving truck was 2,000 cases of Budweiser beer.

Sumner Redstone in 2012.

Sumner Redstone sues two ex-girlfriends for elder abuse

The billionaire sued two of his former girlfriends to claw back the millions of dollars he lavished on them, claiming they committed elder abuse.

Republican presidential candidate Donald Trump speaks during an campaign event with employees at Trump National Doral, Tuesday, Oct. 25, 2016, in Miami. (AP Photo/ Evan Vucci)

The evening news, according to Donald Trump

The GOP candidate is bypassing mainstream media with a show through Facebook Live.

26winthrop - Millennium Partners' proposal for the site of the Winthrop Square Garage. (Handel Architects)

It’s official: Winthrop Square Garage will be turned into one of Boston’s tallest towers

Millennium Partners executive Joe Larkin said the company expects to break ground by September or October next year.

Lacking a buyer, Twitter may cut 8% of workforce

The struggling social-media company may go it alone for the time being.

Consumer stocks depress market

Well-known names like Whirlpool and Under Armour had their worst losses in years.

Another strike vote looms, this by Tufts janitors

About 200 janitors who clean the university are slated to vote Thursday on whether authorize a strike.

DraftKings to settle lawsuit from N.Y. for $6m

The lawsuit was the final piece of a legal challenge against daily fantasy companies by the New York attorney general.

Boston, MA 11/20/2015 Ð The Vertex (Vertex Pharmaceuticals Inc.) building at 50 Northern Ave in Boston, MA on November 20, 2015. (Globe staff photo / Craig F. Walker) section: Business reporter: Chesto Vertex

Vertex to test new class of cystic fibrosis drugs in patients

Vertex said its new class of “triple combination” drug candidates could nearly double the number of cystic fibrosis patients its medicines can treat.

Devens rezoning clears final hurdle as MassDevelopment hunts for new biotech tenants

As they continue the hunt for the next Bristol-Myers Squibb, state officials have a new weapon to add to their arsenal.

24freetown - A rendering of a 1 million-square-foot marijuana greenhouse and processing center AmeriCann Inc. hopes to build in Freetown. (AmeriCann Inc.)

Plans for massive marijuana greenhouse advance

On the eve of a legalization vote, construction of the state-of-the-art complex for medical marijuana could begin within months.

A Volkswagen logo is pictured at the newly opened Volkswagen factory in Wrzesnia near Poznan, Poland September 9, 2016. German car manufacture company officially open factory in Wrzesnia on October 24, 2016. Picture taken on September 9, 2016. REUTERS/Kacper Pempel

Volkswagen’s $15b emissions settlement approved

A federal judge has approved a settlement of most claims against the automaker for its emissions-cheating scandal.

New numbers for single-family home sales in September are expected to be released Tuesday morning.

Home prices — you guessed it — are up again in Mass.

The inventory of available homes is also falling fast.

A movement is underway to remove Donald Trump’s name from three of his Manhattan rental buildings.

What’s in a name? Ask these Trump Place residents

Some inhabitants of the Manhattan rental buildings want nothing to do with the candidate.

Northeastern to launch loan program for neighboring businesses

The university’s effort is aiming to aid women- and minority-owned businesses.

Tuesday’s business agenda

Mass. home sales, consumer confidence, and more notable events and things to know.

Airports are usually busy during the holidays but could face record crowds this year.

Brace yourself for a busy holiday season at US airports

Airport staff members know that some of the biggest bottlenecks will be caused by the less-experienced travelers whose once-a-year airplane trips come around the holidays.

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.