Latest business headlines

The latest business news from the region and nation

Impasse over road stalls development at Weymouth base

Its latest developer has signalled it will pull out unless the state spends millions of dollars to extend the access road through the property.

On The Job

Safari outfitter is inspired by a wild land and its people

Being able to deal with risk is integral to running a safari tour company, especially one in a developing country like Tanzania.

Former Swiss bankers avoid prison, get probation for tax fraud

Two former Swiss bankers avoided jail time for their roles in a tax fraud scheme that helped US customers hide billions of dollars in assets.

Color of Money

New rules may keep consumers off payday loan hamster wheel

Isn’t it the responsible thing for lenders to determine that people can pay the money back?

Consumer Alert

When it comes to kids in cars, exceed legal standards

It seems as though an increasing number of parents are letting kids make the move to the front seat of the car way too soon.

Five things you should know about Brian Bilello

Following his team’s appearance in last year’s Major League Soccer Cup final, Bilello chatted recently about gaining a high-tech edge.

Job Doc: Personal query calls for answer focused on work

Start with an overall summary of you as a professional, but tailor to the position of interest. And be prepared for follow-up questions.

Consumer Reports

Shop around for eyeglasses to see better for less money

You can get cheaper pairs online or in discount stores, but can you trust them to correct your vision and look good, too?

Sunday MBA

How to use Google Trends to track labels and reveal hits, duds

Companies that jump at the right time on a trend and the language around that trend have a greater chance of becoming winners.

Talking Points

Ten things you may have missed Saturday from the world of business

Karmaloop files for bankruptcy, Amazon to receive tax breaks, and more news from Saturday.

Jerry Remy’s Fenway restaurant to reopen

After closing mysteriously earlier this month, the eatery will reopen just in time for the Red Sox home opener on April 13.

Figure in bias suit married to fund manager who defrauded T pension fund

Ellen Pao, who lost a gender bias suit Friday, is married to a hedge fund manager who defrauded the MBTA pension fund.

Charges of sexism roil venture capital world

Local venture capitalists said the gender bias trial against Kleiner Perkins sparked conversations about gender diversity in Mass.

Jury says Silicon Valley firm did not discriminate

SAN FRANCISCO — A jury decided Friday that a prestigious venture capital firm did not discriminate or retaliate against a female employee in a case that debated gender imbalance and working conditions for women in Silicon Valley.

SEIU president visits Boston to map out ‘Fight for $15’ march

Mary Kay Henry singled out local efforts as being “at the vanguard” of the growing movement to raise wages for low-income workers.

Yellen says rate increase may be warranted later this year

Federal Reserve Chair Janet Yellen stressed that any rate increases would likely be very gradual.

Etiquette at work

The three C’s of e-mails

Don’t get lulled into believing that because it is e-mail, mistakes can and will be excused.

Nine things you may have missed Friday from the world of business

Eye-popping design unveiled for condos in former South End church

An eight-story glass-and-steel building has been proposed at the former Holy Trinity German Catholic Church on Shawmut Avenue.

Liberty Mutual job shifts to affect 80 Mass. workers

The company will move hundreds of customer service jobs around the country to six call centers, including one in Springfield.

Genzyme moving to new Kendall Square headquarters in 2018

About 950 employees will move from one of the best-known landmarks in the city’s life science cluster to 50 Binney St.


Ex-CIA operative Valerie Plame to be advisor for Boston-based firm

Plame, a former CIA covert operations officer, will serve on the advisory board of Boston-based Starling Trust Sciences.

Apple CEO Tim Cook plans to give away most of his fortune

After paying for the college education of his nephew, Cook says he will donate the rest of his money to philanthropic causes.

Massachusetts leads country in jobs for college grads

Massachusetts has more job openings that require a college degree than most other states, according to a new report.

Innovation Economy

Amazon’s Bezos plays part as robots change the game

Bezos became a strategic adviser to the company, not a board member — and even industry analysts who follow iRobot weren’t aware of it.

Google to develop robot surgical devices with Johnson & Johnson

Google Inc. is moving into a growing field of medicine as the search-engine giant expands its healthcare investments.

Will Kanye West buy Karmaloop? Maybe, says CEO

West and fellow hip-hop mogul Damon Dash poured more gas on rumors they may acquire the debt-ridden streetwear company.

Indian companies scramble to find women directors

Some wealthy business owners have a solution that meets the letter if not the intention of the law: Appointing their wives.

Wow Air’s first flight to land at Logan today

The low-cost Icelandic carrier provides service to Reykjavik and other European cities.

Aetna to lower costs for most HIV drugs after complaint

The company is revising coverage that had some patients paying $1,000 a month for drugs.

BMW recalls nearly 49,000 motorcycles

BMW is recalling motorcycles in the US and Canada because flanges that hold the rear wheel can crack if bolts are too tight.

Jurors reject bias claims in Kleiner Perkins case

The decision came after a judge ordered the jury to resume deliberations after a discrepancy was discovered.

Mulally earned $22 million in final year as Ford CEO

Former Ford CEO Alan Mulally’s compensation fell 5 percent in his final year at the company.

Lawrence foreclosure adviser fined $1.9 million for deceptive practices

A Lawrence business and its owner were accused of defrauding people facing foreclosure.

Dow Chemical, Olin in $5 billion cash-and-stock deal

Dow Chemical is breaking off a significant part of its chlorine operations in a deal with Olin Corp. valued at $5 billion.

US economic growth rate unrevised at 2.2 percent

Economists are looking for an even weaker showing in the first quarter as severe winter weather takes its toll.


Boston Medical Center’s Dr. Devin Mann

Dr. Devin Mann, who specializes in population health management and informatics, shares his digital habits.

Breakfast with some of Boston’s most active venture capitalists

Among the firms that will be represented at the event are Bain Capital Ventures, General Catalyst Partners, and Highland Capital Partners.

Talking points

Ten things you may have missed Friday from the world of business

Goldberg seeks to toughen proxy-voting guidelines, HBO will feature a daily newscast, and more news from Monday.

Breakfast with some of Boston’s most active venture capitalists

Among the firms that will be represented are Bain Capital Ventures, General Catalyst Partners, Highland Capital Partners, and NextView Ventures.

Feeling fit? Firm unveils software to let your doctor know

Physicians will be able to see who is active and who is not, who is keeping blood pressure under control, and who is gaining weight.

Friday’s business agenda

Customer satisfaction, intellectual property strategies, and more notable events and things to know.

Marty Walsh

After lost bet, Mayor Walsh wins column for a day

Shirley Leung has given up the best real estate in the city to a wannabe writer named Marty Walsh.

Antifraud effort on food stamps hurts poor, advocates say

The state is accused of cutting off thousands of deserving residents.


Facebook’s roots in Boston area deepening

It has been four years this month since Facebook made its way back to Boston.

Banks tap pro athletes to promote their brands

The modern pitchmen for Massachusetts banks are party boy Patriots tight end Rob Gronkowski and retired Bruins standout Ray Bourque.


Oil’s rise, dollar concern traders

A see-saw day for U.S. stocks ended with slight losses on Thursday, giving the market its fourth drop in a row.

market movers

Investors look past Lululemon’s outlook

The company forecast earnings of 31 cents to 33 cents for the current quarter.

mass. movers

Skyworks gets caught in sector slump

Woburn-based Skyworks Solutions Inc. was among several chipmakers that fell Thursday.

Healey objects to auto insurance fee increase

The attorney general’s office has filed a letter against a proposed fee increase by the state’s auto insurance system of last resort.

Vice to start daily newscast on HBO

HBO and Vice Media announced an expansion of their partnership on Thursday, including the launch of a daily Vice newscast on the pay cable outlet.

Bankruptcy judge asked to reopen RadioShack bidding

An attorney for a lender that lost a bankruptcy auction for electronics retailer RadioShack has asked a Delaware judge to reopen the bidding.

Rules proposed to regulate ‘payday’ loans

Each month, more than 200,000 needy US households take out what’s advertised as a brief loan.

Study says municipal utilities charge less for power

The state’s locally controlled electric companies charged less than investor-owned utilities, a finding that those companies say merits a big asterisk.

Former Bain Capital executive named revenue commissioner

Mark Nunnelly will also serve as a special technology adviser to Governor Charlie Baker.


RBS’s influence in Citizens recedes with latest sale

Royal Bank of Scotland sold 135 million shares of Citizens, reducing its stake in the bank to below 50 percent.

Boston Fed study finds wealth disparities ‘worrisome’

By nearly every measure, white households in Boston had more wealth than minority groups.

New Balance Football releases its first ad

New Balance has taken its first shots at soccer powerhouses Nike and Adidas with a new ad for its NB Football line.

Bank of America pays deputy more than CEO for fifth straight year

Bank of America cut chief operating officer Thomas Montag’s 2014 pay by 9.7 percent to $14 million from a year earlier.

Average 30-year mortgage falls to 3.69 percent

Average long-term US mortgage ratesedged closer to historically low levels at the start of the spring home-buying season.

Microsoft to require paid time off for big suppliers

Many Microsoft suppliers in the US will soon be required by the company to give their employees 15 days of paid time off.

Baker may consolidate development agencies, aide says

Governor Baker is rethinking how the state can best promote the life sciences industry, the new economic development chief said.

New Samsung, HTC phones coming April 10 in US

No-contract versions are expected to start at about $650, in line with the iPhone and other high-end devices.

Layoffs planned at several Massachusetts employers

Hundreds of employees will be laid off from their jobs in March and April, according to notices filed with the state.

Flagship Ventures raises $537 million, biggest fund ever

Flagship has invested in about 35 active portfolio companies, most in the Boston area.


House approves early retirement plan

The Massachusetts House of Representatives unanimously approved legislation Wednesday that would encourage thousands of state employees to retire early.

Treasurer Goldberg seeks to toughen proxy-voting guidelines

She is proposing a number of new measures to put pressure on companies in which the state invests.


MIT database pioneer receives Turing prize

The computer science community regards the Turing Award, distributed by the Association for Computing Machinery, as the Nobel for the field.


FirstLine offers doctors’ advice on demand

The team is already hiring and training local medics with a goal of launching in Boston this summer.


IdeaPaint’s app Bounce takes brainstorming off the wall

It’s little surprise that the idea for Bounce came out of a brainstorming session.

Talking Points

Nine things you may have missed Wednesday from the world of business

Jurors get gender bias, Akamai leases more space in Cambridge, and more news from Wednesday.

Chefs cooking up a food revolution in Portsmouth, N.H.

The small city is hungering to enhance its renaissance through top-tier, farm-to-table dishes.

Bold Types

Coakley to be honored at Liberty Hotel

As attorney general, Coakley fought for women’s rights — from defending the state’s buffer zone law around abortion clinics to passing the state’s first human trafficking law.

Store employee is primed for Cabela’s grand opening

The 27-year-old spent many hours preparing for Thursday, when the Cabela’s employee will try to officially open its first store in Massachusetts.

Mass. Movers

Speciality retailer climbs on sales jump

Shares of Canton’s Destination XL Group rose on fourth-quarter earnings.

Market Movers

Chipmakers lower as key gauge slumps

Santa Clara, Calif.-based Intel Corp. and other semiconductor makers fell Wednesday in a sell-off that spread to the broader market.

Thursday’s business agenda

Venture Cafe hosts first event in series, innovation at Quincy and Wentworth, and more notable events and things to know.

With an app for texts and video chats, FirstLine offers doctors’ advice on demand

A new service launching in the US this week wants to be the Uber for doctors, making medical practitioners available for consultation by text message, video chat, or even a house visit — for a fee, of course.

IdeaPaint’s app takes brainstorming off wall

It's little surprise that the idea for Bounce, the new app from IdeaPaint, the Boston-based maker of dry erase paint, came out of a brainstorming session. The company, which has been shellacking walls with their product since launching in 2008, had been getting requests from its users to add more capabilities to its product than a simple coat of wall covering could provide.

MIT data storage researcher wins Alan Turing award, $1 million from Google

The Turing award is considered the Nobel in the field of computer science