Business & Tech

Too chic for Amazon: Luxury firms in EU can pick sales sites

HONORS

Greater Boston chamber to honor nine women

The Greater Boston Chamber of Commerce has named its 2018 Pinnacle Award winners, recognizing nine women for their “achievement in business and management.” They will be honored at a luncheon Jan. 26 at the Boston Marriott Copley Place Hotel. The winners were selected in nine categories: Advancement of Women Professionals: Katy O’Neil, executive vice president, Greater Boston Chamber of Commerce; Entrepreneurship: Alison Nolan, principal, Boston Harbor Cruise; Management (private): Karen Keena, executive vice president and chief administrative officer, State Street Corp.; Management (government): Karyn Polito, Massachusetts lieutenant governor; Management (nonprofit): Lynn Margherio, founder and chief executive, Cradles to Crayons; Professions: Dr. Merit E. Cudkowicz, chief of neurology, Massachusetts General Hospital; Health Care, Arts, and Education: Liz Cheng, general manager of television, WGBH and World Channel; Emerging Executive: Courtney B. Scrubbs, corporate counsel, legal industrial affairs, Sanofi; and Lifetime Achievement: the Rev. Liz Walker, pastor, Roxbury Presbyterian Church.
— NATASHA MASCARENHAS

EDUCATION

Suffolk to offer a two-year law program

Suffolk University says it has developed the state’s only law school program that allows full-time students to earn a juris doctor in as little as two years, instead of the traditional three-year time frame. Students in the accelerated program need to earn the same number of credits as those in Suffolk’s traditional program, but they can do so by enrolling in summer evening classes. Part-time evening students, meanwhile, could earn their degree within three years. The accelerated JD program begins next May. — JON CHESTO

CURRENCY

Mass. company that supplies paper for US currency sold

The Massachusetts company that for nearly 140 years has supplied the paper used to make US currency has been sold for $800 million to a similarly named Connecticut company. Stamford, Conn.-based Crane Co. on Tuesday announced that it has agreed to buy 100 percent of the equity interests in Boston-based Crane & Co. Inc. (also known as Crane Currency) from private equity firm Lindsay Goldberg and shareholders, including members of the Crane family. Crane Co., founded in 1855, provides products in the hydrocarbon processing, petrochemical, power generation, aerospace, and other markets. Crane Currency, founded in 1801 in Dalton, Mass., is a pioneer in micro-optic security technology and a supplier of secure banknotes for central banks worldwide. Although corporate headquarters are now in Boston, it maintains a facility in Dalton. — ASSOCIATED PRESS

HOME IMPROVEMENT

Home Depot to buy back $15 billion in company shares

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Home Depot is sticking by its outlook for the year and will buy back $15 billion in company shares. The Atlanta company is laying out its strategy to investors Wednesday, with chief executive Craig Menear saying that the retail landscape is changing at an unprecedented pace. Home Depot expects to post annual, per-share profits of $7.36 and comparable-store sales growth of 6.5 percent. Sales in the most recent quarter surged, thanks in part to rebuilding efforts after a pair of devastating hurricanes hit Texas and Florida, and wildfires consumed entire neighborhoods in the West. The company is focusing on making its online services and sales more connected to its brick-and-mortar operations, while improving delivery. The focus comes as Amazon.com has upended much of the retail sector with free delivery to customers who pay for Prime memberships. — ASSOCIATED PRESS

RETAIL

Walmart to drop “Stores” from its corporate name

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Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon’s increasing dominance. The world’s largest retailer, based in Bentonville, Ark., said Wednesday it will change its legal name to Walmart Inc. from Wal-Mart Stores Inc. It said the move underscores its growing emphasis toward online services and mobile shopping. It operates more than 11,600 stores and clubs under 60 different banners worldwide. The discounter’s formal legal name when it incorporated on Oct. 31, 1969, was Wal-Mart Inc. It was changed to Wal-Mart Stores Inc. on Jan. 9, 1970, the same year it went public. It will continue to trade on the NYSE as WMT. It’s been using the current Walmart logo in its operations since June 2008. — ASSOCIATED PRESS

JOBS

Businesses add 190,000 jobs in November

US businesses added a robust 190,000 jobs in November, according to a private survey, a sign that hiring is strong enough to reduce an already-low unemployment rate. Payroll processor ADP said Wednesday that last month’s hiring followed an even larger gain of 235,000 in October. Some of October’s job increase reflected a bounce-back from hurricane effects, which lowered hiring in September to just 96,000. Manufacturers helped drive the increase, adding 40,000 jobs, the largest gain this year, ADP said. Health care added 31,000 positions, and restaurants and hotels hired 25,000. — ASSOCIATED PRESS

HOME BUILDING

Toll Brothers shares fall

Toll Brothers, the biggest US luxury-home builder, fell the most in nine years after reporting quarterly earnings that missed analysts’ estimates, driven by delayed sales of three expensive New York City condo units. Net income for the three months through October was $191.9 million, or $1.17 a share, compared with $114.4 million, or 67 cents, a year earlier, the Pennsylvania-based builder said Tuesday. The average estimate of 14 analysts was $1.19 a share, according to data compiled by Bloomberg. Toll was the worst performer in an S&P index of home builders, which was down 1.7 percent. Toll introduced T Select this year, a more affordable brand targeting millennials. —BLOOMBERG NEWS