Latest business headlines

The latest business news from the region and nation.

Midcareer switch to Web design needn’t require a new degree

An alternative to getting another undergraduate degree is to take a certificate program.

Don’t get burned by solar roof shingles

They are less efficient than solar panels in producing energy, and they don’t make particularly good roofing protection.

Facebook could owe $5 billion in back taxes

Facebook is digging in over its fight with the Internal Revenue Service.

5 things you should know about John Fawcett

Fawcett is the cofounder and chief executive of Quantopian, which uses crowdsourcing to develop trading algorithms.

A quick primer on pet insurance

As helpful and emotionally comforting as pet coverage might be, is it really worth the price?

Bar owner who admitted taking incentives won’t face penalty

The surprising ruling could undermine an official crackdown on “pay-to-play” in the Mass. beer industry.

Capturing masterpieces, in painstaking detail

Giust Gallery of Woburn is one of a dwindling number of companies specializing in high-quality copies of famous statues.

Doctors need help with stress, burnout

Stakeholders in American medicine are beginning to take notice of the emotional burden carried by medical students, residents, and veteran physicians.


Why are doctors plagued by depression and suicide?

The medical profession is starting to address high suicide rates among medical students and veteran MDs.

my first home

Hello and goodbye

Because my father’s railroad career meant frequent transfers, I lived in six homes in four states before college.

No criminal charges in Curt Schilling’s 38 Studios collapse

Rhode Island officials said they will not bring criminal charges against any of the principals involved in the collapse of 38 Studios.

Sunovion seeks FDA approval for COPD treatment

The Marlborough company reported positive test results in a clinical trial that enrolled 653 patients with COPD at 45 sites across the United States.

Thorny business matters facing Mass. lawmakers in final weekend

With a deadline for new laws fast approaching, legislators will process a tall stack of business bills on Saturday.

Mass. economy outperforming US with steady growth

The Massachusetts economy kept steady in the second quarter of the year, despite lagging consumer spending, slowing worldwide economic growth and Brexit.

Former Irish banker awaiting trial sees colleagues jailed

An Irish former banker extradited from Massachusetts to face fraud charges, saw three erstwhile colleagues sentenced.

Seres Therapeutics stock plunges on disappointing drug trial results

The Cambridge biotech company said a mid-stage trial of its experimental drug to treat clostridium difficile failed to meet its primary goal.


Stopping diabetes, one click at a time

Omada Health is rolling out a version of its program specifically tailored to people who rely on safety-net services like Medicaid.

shirley leung

Was Charlie Baker just trying to be a good neighbor?

Why did Governor Charlie Baker think it might be OK to allow the developers next door to take over a chunk of the State House lawn?

Proposal to tax nonprofits alarms Mass. charities

A Massachusetts legislator has proposed forcing some nonprofits to pay property taxes.

Amazon posts big gains for fifth straight quarter

The Seattle-based company’s revenue soared 31 percent to $30.4 billion in the second quarter.

Didi Chuxing and Uber, popular in China, are now legal, too

The law clears up regulatory uncertainty and lays out a framework under which ride-hailing companies can operate in the country.

Alphabet’s second quarter earnings soar despite rising ‘moonshot’ losses

Business is booming at Google’s parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue.


Alzheimer’s researchers seethe over years of missteps after latest drug failure

Scientists who have toiled for decades to understand the devastating disease are expressing frustration and even anger that their field has not made more progress toward a cure.

Friday’s business agenda

Boot camps, networking, and more notable events and things to know.

Stocks post slight gains as investors work through earnings

After the market’s run-up this month, investors have mostly been in wait-and-see mode this week.

Facebook earnings beat analysts’ estimates

Facebook added 1 percent Thursday after the social media company reported earnings that easily surpassed analysts’ estimates.

Redstone feud to be heard in Mass. court, judge rules

Judge George Phelan vowed to get to the bottom of who may be influencing the ailing 93-year-old media mogul.

Woburn woman sentenced to prison for investment fraud

Rosalind Herman persuaded clients to invest in a nonexistent hedge fund and used that money to pay for personal expenses.

Eastern Bank gets to $10 billion mark

The state’s largest community bank just got a little bigger, crossing the key $10 billion threshold, according to federal regulatory filings.

Mass. sales tax collections fall for first time in 3 years

The last time the agency reported a negative number in retail sales was in March 2013, when year-over-year tax collections fell by a similar amount.

Fox News goes silent after Ailes’ departure

Insiders described the on-set atmosphere as icy, as employees grapple with internal division after the abrupt exit of Roger Ailes.

The murals painted by ‘Make Way for Ducklings’ author need a new home

The murals painted by “Make Way for Ducklings” author Robert McCloskey need a new home.

Vertex’s cystic fibrosis drug on track to top $1 billion in sales this year

Vertex Pharmaceuticals Inc. said Wednesday that its cystic fibrosis drug Orkambi remains on track to generate sales of at least $1 billion this year.

Fed takes step toward rate hike later this year

However, policy makers stopped short of signaling that the move could come as soon as September.

Google executive joins Wayfair board

The Boston-based home furnishings Internet retailer added a Google executive with ties to Massachusetts to its board.


Boston entrepreneur recalls celeb-studded teenage years

Now he’s a successful tech entrepreneur in Boston. But in 1980s Queens, David Cancel was working out with the stars.

Here comes Eataly. And more intel from one of Boston’s biggest landlords

The new eatery at the Pru should be open by Thanksgiving.

Thursday’s business agenda

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

iRobot shows strong quarter amid focus on consumer business

Bedford-based iRobot Corp. is off to a strong start as it enters its new chapter as a consumer-focused company.

Most stocks edge lower, despite Apple’s big gain

Shares of energy companies and consumer goods makers outweighed gains in tech companies like Apple.


David Ortiz throws his weight behind new baseball gaming app

The backers of a new mobile baseball game are getting an assist from a guy who knows a thing or two about hitting a home run.

Fed keeps key interest rate steady but sees fewer risks

The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished.

Beth Israel affiliation plan moves forward

Beth Israel Deaconess Medical Center recieved support Wednesday for its plan to add two hospitals to its contracting network.

Billionaire Steven Cohen puts $250 million into Boston hedge fund

The famed hedge fund manager’s investment is a vote of confidence in Quantopian, which crowdsources its trading algorithms.

Harvard fund CEO Stephen Blyth resigns

For the fourth time in 10 years, the Harvard University endowment is looking for a new leader.

Bankruptcy court approves $40 million takeover of Bind Therapeutics

Pfizer will buy the Cambridge-based cancer drug developer, which ran into financial trouble earlier this year.

State Street Corp. reports stronger earnings

Shares climbed more than 9 percent as the investment firm reported declining expenses and a net income of $585 million.


The ultimate guide for dealing with home contractors

A step-by-step guide on what to ask and how to protect yourself when you need work done on your home.

Comcast profit tops estimates after losing fewer TV customers

The company lost 4,000 cable-TV customers in the quarter, compared with a drop of 69,000 a year earlier.

Shirley Leung

You don’t have to be with Hillary Clinton to appreciate this moment

When Clinton accepts the Democratic nomination Thursday, parents will insist their daughters stay up late and watch.