Latest Business headlines

AG’s office says insurance companies took advantage of winter weather for rate increases

Two of the state’s largest insurance companies gained excessive and unwarranted rate increases by taking advantage of recent unusually severe weather, including last winter’s record snowfall, according to Attorney General Maura Healey who is pushing for stronger consumer protections and more oversight of insurance companies.

Pay skyrockets for company directors

Analysts say escalating compensation is troubling because it could create a disincentive for directors to challenge executives.

Facebook Chief Vows to Donate 99% of His Shares for Charity

SAN FRANCISCO — Mark Zuckerberg, the co-founder and chief executive of Facebook, announced Tuesday that he and his wife would give 99 percent of their Facebook shares “during our lives” — holdings currently worth more than $45 billion — to charitable purposes.

Volkswagen’s Software Use Was Illegal, German Regulator Rules

German regulators said that the software Volkswagen used in many of its diesel vehicles constituted illegal cheating on emissions tests.

How an $84,000 drug got its price: ‘Let’s hold our position… whatever the headlines’

Gilead Sciences executives were acutely aware in 2013 that their plan to charge an exorbitantly high price for a powerful new hepatitis C drug would spark public outrage.

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Local fans cheered the band Passion Pit when they played the Lawn on D in September.

Josh Reynolds for The Boston Globe

Lawn on D to stay open but seek more revenue

The popular Lawn on D will reopen next spring, but the South Boston park’s financial future remains uncertain.

Dr. Peter S. Amenta is the new chief executive of Joslin Diabetes Center.

Big challenges ahead for new Joslin CEO

The noted diabetes center faces competition from health care players that offer comprehensive medical services.

Stephen Blyth, who runs Harvard’s $37.6 billion endowment, has taken several steps to improve its investment returns, which have trailed the much smaller Yale fund for years.

Harvard endowment tries to close gap on investment returns

When it comes to managing money, Yale has been outscoring Harvard for years. It’s up to Stephen Blyth to change that.

The renminbi was made one of the top world currencies, with the dollar, the euro, the pound, and the yen.

IMF elevates China’s currency

The International Monetary Fund on Monday designated the Chinese renminbi as one of the world’s elite currencies.

Kerry R. Watson was president of Newton-Wellesley Hospital for two years.

Newton-Wellesley Hospital CEO steps down

Kerry R. Watson is moving to North Carolina to launch a foundation and do consulting work.

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.