Latest business headlines

The latest business news from the region and nation.

Australian entrepreneur says he created Bitcoin

“I just want to be left alone,” Craig Wright said in an interview with the BBC.

China’s flood of cash even roils egg futures

China is pouring hundreds of billions of dollars into its economy in a new effort to support growth.

Bill to force Pentagon to shift to US-made sneakers may help New Balance

The House is poised to approve legislation that would mandate that the Pentagon apply a 1941 law to the purchase of athletic footwear.

Senator seeks probe of billboards that use phone data to track shoppers

Senator Charles Schumer warns privacy rights may be violated.

Two open markets vie for South End supremacy

Can two outdoor markets coexist in one neighborhood?

App Smart

With Dubsmash, lip syncing like the stars

Many celebrities have used the app where they lip sync to a soundtrack.

Monday’s business agenda

Massachusetts gas prices, earnings report, and more notable things to know.

EMD Serono, targeting immuno-oncology, to add 150 jobs in Billerica

The firm is raising its profile as it embarks on a research expansion and seeks US approval of its first targeted cancer therapy.

EMD Serono’s drug portfolio

Info graphic/fact box for Monday package

MBTA to propose revamping debt, ending costly ‘swaps’

The move, to be recommended at a meeting Monday, could save the agency $235 million over 10 years, officials said.

Under Walsh, nonunion construction work has risen

Local developers say more projects in Boston are being approved that use at least some nonunion labor.


Leaving buoyant with a bouffant

You’re never too old to want to look beautiful. Ask hair salon director Bernice Cunningham at Brooksby Village in Peabody.

US stocks hit by health care woes but avoid bigger losses

US stocks fell Friday as health care and technology companies continued to report weak first-quarter results, but thanks to some late buying, they managed to avoid major losses.

FDA reconsiders training requirements for painkillers

Less than half of all doctors who prescribe painkillers like OxyContin have been taking safety training courses.

What happens when US Olympic athletes lose a medal?

Olympic athlethes strive their whole lives to win a medal. But if they lose or damage their prize they’re stuck just like the rest of us, filling out an insurance claim form.

Consumer Reports

Can you trust your mechanic?

The increasing longevity and reliability of today’s cars, coupled with longer maintenance intervals, are squeezing profits of dealers and independent mechanics alike.

Job Doc

Give that obnoxious co-worker some ground rules

It is no easy task putting up with another person’s grunts and groans.

Five things to know about Sheryl Marshall

After more than 30 years managing money for big banks, Marshall is dedicated to helping get it into the hands of young women entrepreneurs.

Consumer Alert

Registered contractors are the way to go

Hiring home improvement contractors who are both reliable and skilled is a perpetual challenge for homeowners.

Mass. General to acquire N.H. hospital

Massachusetts General Hospital is poised to acquire Wentworth-Douglass Hospital in Dover, N.H.

PillPack ends spat with huge prescription benefits company

The startup’s dispute with Express Scripts had threatened to cut off thousands of customers and a third of its revenue.

Massport keeps Back Bay-Logan bus service alive, but raises fares

Starting June 1, travelers will need to pay $7.50 by credit card for a one-way trip, or $3 with a valid Charlie Card.

Vertex CEO pay package tops $28 million

The pay of Jeffrey Leiden and other biopharma executives has drawn criticism from consumer activists as concerns about high drug prices have grown.

Affiliated Managers Group CEO paid $17.5m last year

Sean Healey’s total compensation in 2015 was more than triple his 2014 pay.

Anheuser-Busch InBev to sell Central and Eastern European assets

The maker of Budweiser is doing all it can to secure regulatory approval for its $109 billion acquisition of SABMiller Plc.

Downtown Crossing tower submitted

The Boston Redevelopment Authority will launch a public review of a 59-story tower at One Bromfield in Downtown Crossing.

VW CEO ‘personally’ apologized to Obama in plea for mercy

The chief executive of Volkswagen said Thursday that he personally apologized to President Barack Obama this week for cheating on vehicle emissions tests.

At Draper, another drive into space

When the next-generation space shuttle touches down, there will be no humans at the controls, and no margin for error.

Why billionaire Carl Icahn just dumped every share he has in Apple

Apple has had a tough week after reporting that its quarterly revenue fell for the first time since 2003, and things got worse.

Facebook spent $4.26 million last year to protect Zuckerberg

Facebook made the disclosure after the Securities and Exchange Commission in August questioned why the costs had never been listed in filings.

Ford plans long-range electric car to compete with Tesla, GM

Ford Motor Co. plans to introduce a long-range electric vehicle to compete with battery-powered models coming from Tesla Motors Inc. and General Motors Co.

Firm joins with iconic brewer to become a big player in craft beer business

The Boston area’s fastest-growing beer acquirer isn’t Harpoon or Boston Beer. It’s a private equity firm in Waltham.

Friday’s business agenda

Earnings reports, project management workshop, and more notable things to know.


Drync, of Somerville, will power eBay’s wine marketplace

The partnership means eBay Inc. will add Drync’s nationwide network of wine retailers to its online platform.

Shirley Leung

For women, a disappointing election season

If Hillary Clinton were playing the woman’s card the way Donald Trump thinks she is, this election would be very different.

STAT | As Seen on TV

How Biogen went big to boost sales of its multiple sclerosis pill

Biogen has bought nearly $39 million worth of TV airtime over the past seven months.

US stocks skid as Apple pulls tech companies lower

Stocks took their biggest loss in three weeks.

Why New Hampshire’s low jobless rate might not be a good thing

As impressive as N.H.’s low unemployment rate may appear, it does not reflect a surge in hiring.

Billionaire Carl Icahn says he has sold most of his Apple stocks

Icahn reduced his holding just before shares started to slide on concerns that the smartphone market is becoming saturated.

That awkward moment with your Uber driver

I’ve been stiffing my Uber drivers for years, and I didn’t even know it.

Economy grew faster in Mass. than in US for first quarter

The state’s economy grew by 2.3 percent in the first quarter. Unemployment in the state is 4.4 percent, and wages increased in the first three months of 2016.

Dunkin’ Donuts to test delivery service in Boston

Dunkin’ Donuts will collaborate with two delivery companies, which say they can deliver anything on the menu in less than an hour.

Priceline CEO resigns over personal relationship with employee

An investigation found that Darren Huston’s relationship violated the Conn.-based company’s code of conduct.

Comcast buys DreamWorks Animation in $3.8b deal

The deal will bolster an entertainment business that includes film, television, and theme parks.

Logan to LaGuardia for $49? Yes, please

JetBlue announced the introductory offer as prepares to offer daily nonstop service to LaGuardia airport starting Oct. 31.

How Biogen went big to boost sales of its multiple sclerosis pill

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Brigham nurses to protest contract talks

The union that represents more than 3,300 nurses at Brigham and Women’s Hospital is planning a picket next month.

Dunkin’ Brands first-quarter performance beats analysts’ estimates

Sales at the company’s key US businesses improved.

Georgia couple sues Snapchat over car crash

A couple is suing Snapchat, claiming that the social media app’s “speed filter” tempted a woman to drive too fast, causing a crash.

Japanese stocks fall as central bank disappoints on stimulus

Japanese stocks tumbled and the yen rose Thursday after the central bank dashed investors’ hopes for more stimulus.