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Latest business headlines

The latest business news from the region and nation

Raytheon to acquire Vista’s Websense for $1.9 billion

Raytheon, the world’s biggest missile maker, is buying Websense to improve cyber-protection technology.

Offering ex-convicts a hand up after prison

Research shows the first 72 hours after release offer a window when an ex-convict can sometimes be set on the path toward rejoining society.

on the job

Driver swoops in to ‘rescue’ food, help feed hungry

Rachel Garside doesn’t wear a hero’s cape, but she is involved in a daily rescue.

Five things you should know about Jerrold Oppenheim, Theo MacGregor

The husband-and-wife duo work on low-income energy regulation issues, and have consulted with utilities, non-profits, and policymakers.

Consumer Reports | product review

Pressure, publicity have led to greater expectation of safer vehicles

If you’re reeling from the record number of car recalls and wondering what it all means, you’re not alone.

job doc

Employer misses mark with late, or lacking, bonuses

Nonprofit organizations use performance based awards to reinforce desired performance, but don’t face the same deadlines as for-profits.

Mitch Lipka | consumer alert

Warranty fees are the new normal in product coverage

For the most part, product guarantees have disappeared and yielded to weaker and weaker warranties.

Local merchants not ready for more secure ‘chip and PIN’ cards

Hardly anyone is, even though roughly 600 million chip-based credit cards will soon be sent to American customers.

Talking points

What you may have missed from the week in business

Deval Patrick to join Bain Capital, developers pitch new downtown tower, and more.

Peter Post | Etiquette at work

The importance of the viral Jordan Spieth thank-you note

As amazing as his Masters performance was, the story that keeps coming to the fore is about what a truly nice guy he is.

Global markets sent into tailspin on concerns about Greek debt

Fear that Greece could default on its debt and abandon the euro rattled the financial markets.

Barbie shows signs of life as Mattel plots comeback

The toy company said there were some signs of improving demand for Barbie ahead of its planned makeover.

Talking points

What you may have missed Friday from the world of business

Deb Goldberg urges oil and gas companies to disclose climate risks, don’t plan to wait on line for Apple Watch, and more.

A child’s vulnerability to identity theft

Children’s credit reports are clean, which makes them a target for unscrupulous people who want to begin their financial lives anew for any number of reasons.

Vertex chief’s compensation totaled $36.6 million last year

Compensation for Vertex Pharmaceuticals’s CEO included a one-time retention award valued at $14.9 million.

Forum restaurant an empty storefront as Marathon Day approaches

The restaurant’s devastation and its subsequent rebuilding created one of the many powerful stories of the city’s recovery from those events.

Spring Real Estate Preview

Tight home inventories mean a sellers’ market this spring

The number of single-family homes on the market has fallen, on a year-over-year basis, for 37 consecutive months.

Google changes formula for phone searches

The new formula will have a huge influence on how and where people spend their money, given that people are relying on smartphones to compare products and look for restaurants.

Glaxo recalls flu vaccine due to potency problem

GlaxoSmithKline is recalling remaining doses of a popular four-in-one flu vaccine because of effectiveness problems.

Transportation officials issue oil train safety measures

An emergency order requiring trains hauling crude oil and other flammable liquids to slow down as they pass through urban areas and a series of other steps to improve the safety were announced Friday by the Department of Transportation.

Judge rules insurance agency must pay $3.5 million in restitution

The order is the latest development in a long-running dispute between the attorney general’s office and a Peabody insurance agency, which plans to appeal.

Bliss Bros. Dairy sold to Taunton frozen dessert firm

The third-generation family business has been sold to an ice cream distributor who plans to grow it.

Justice Department said to be leaning against Comcast merger

Attorneys who are investigating Comcast’s bid to buy Time Warner Cable Inc. have concerns that consumers would be harmed.

Don’t plan to line up for Apple Watch next week

If you’re planning on buying the new Apple Watch, don’t expect to walk into a store and leave with one next week.

Scott Kirsner | Innovation Economy

Following IT startups, biotechs going ‘virtual’

Young biotechs are outsourcing everything from the design of a new drug to supervision of clinical trials to eventual manufacturing.

$7m condo sale confirms the ‘new normal’ in Boston

The city’s luxury real estate market shows no signs of cooling.

Higher US gas prices spark modest inflation in March

Rising gas prices led to a slight increase in inflation, a sign that some of the broader economic impact from cheaper oil is fading.

Goldberg urges oil, gas companies to disclose climate risks

State Treasurer Deb Goldberg joined 61 pension fund officials and institutional investors in signing a letter urging the SEC to require greater disclosure.

Verizon slices up the bundle, lets customers choose

Verizon is giving its customers more control over the channels they pay for as the cacophony of cord cutting reshapes cable TV.

Raytheon lands $2 billion Patriot missile sale

The Waltham defense giant sold the missile defense systems to an undisclosed foreign buyer.

Britain postpones $4.4b debt sale after Bloomberg outage

Bloomberg’s trading terminals went down for two and a half hours on Friday due to apparent technical problems.

InVivo Therapeutics listed on Nasdaq after reverse stock split

The Cambridge biotech company is developing a device that reduces the damage from severe spinal cord injuries.

Want to send a scent? A professor can help

Vapor Communications is showcasing a new generation of products that incorporate David Edwards’s smell-based work into new facets of daily life.

MIT team makes clean water from the sun

Scientists, including MIT’s, are competing to find new ways to take the salt out of water for a thirsty world.

Cafe ArtScience draws a crowd in Kendall Square

With its lab-like approach to booze, it’s no surprise the cafe is becoming a favorite place for Kendall Square’s brainy workforce to gather.

Giving up an afternoon gain, US stocks close with tiny loss

Netflix soared, big corporations turned in quarterly results, and investors welcomed new companies into the market.

talking points

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

Etsy’s stock surges in trading debut, Party City goes public, and more.

Citigroup’s earnings rise in first quarter

Citigroup’s stock rose on news that its quarterly results beat analysts’ expectations.

Carbonite to remain independent company

Carbonite Inc. stock fell after the Boston company said it had ended a process to explore a sale.

Partners to hold onto Neighborhood Health Plan

Partners Health Care said the insurer’s financial condition has improved in recent months.

Top 3 bond rating agencies give Massachusetts high marks

The nation’s top three bond rating agencies are giving Massachusetts a clean bill of fiscal health.

Shirley Leung

For women, business as unusual at Biogen

The Cambridge biotech giant wants to help other companies put women on their boards.

Copley Place high-rise, facing opposition, stalls

Community groups want the proposed 52-story tower to contain more affordable housing.

Friday’s business agenda

Breakfast and innovation, Norway, and more notable events and things to know.

When an insurer says no to surgery

The cases of eight women denied coverage for double mastectomies raise questions about how procedures will be covered amid pressure to control costs.

Boston Marathon’s promoters find a tough balancing act

Two years after the tragic bombings, marketing the prestigious race is a delicate task.

Netflix soars to all-time high as customers top 62 million

Netflix Inc. soared to a record high after saying that its video-streaming service topped 62 million subscribers worldwide, as original shows such as “House of Cards” drew new viewers globally.

Thomas H. Lee-controlled Party City goes public

The Boston-based private equity firm that had previously bought a controlling stake of the retailer has put a portion of it back on the stock market.

VW recalls Chrysler-made minivans to fix ignition switches

Volkswagen is recalling nearly 21,000 minivans for a second time to fix faulty ignition switches that can cause the vans to stall.

First generic drug for multiple sclerosis approved

The move could drop the price of the drug for consumers and boost the business of Momenta Pharmaceuticals Inc.

Fed’s Rosengren says economy hasn’t met conditions for rate rise

Economic weakness in the first quarter shows the US isn’t ready for an interest-rate increase, said Eric Rosengren, president of the Federal Reserve Bank of Boston.

Hannaford recalling pine nuts that might be contaminated

Hannaford Supermarkets is recalling packages of pine nuts it says might be contaminated with salmonella.

Yahoo chooses to stay with Microsoft in updated search deal

Yahoo and Microsoft will keep working together on Internet search, but Yahoo is getting more control over the how the search results are presented.

Financial incentives OK’d for workplace wellness programs

In a victory for business, federal regulators said Thursday that employers can continue to use financial penalties and rewards to nudge staff to participate in fast-growing workplace wellness programs.

New Eataly food emporium nears deal to open in Boston

The emporium is a mix of food stores and produce stands and would take over the Prudential food court while adding rooftop dining.

First US RunBase opens near Marathon finish line

The collaboration between the BAA, Marathon Sports, and Adidas combines elements of a museum, a gym, and a shoe store.

Citizens Bank, armored truck company in dispute

Garda CL Atlantic claims the Providence bank owes it $4 million for cash delivery services.

Evan Horowitz | Quick Study

What recession? Mass. job market bounces back

Most of the jobs lost have come back, and the number of workers picking up paychecks is expanding fast. But some problems remain.

Etsy shares surge in trading debut

Shares of online crafts marketplace Etsy are surging in its debut as publicly traded company.

Mortgage rate edges up to 3.67 percent

Average long-term US mortgage rates remained close to historically low levels with the spring home-buying season underway.

Harvard publisher to move into New Balance headquarters

Harvard Business School Publishing was a longtime tenant of the Arsenal in Watertown.

Mass. adds 10,500 jobs, about double monthly average

The unemployment rate dropped to 4.8 percent in March, the lowest rate in six years.

Chinese competitor purchases N.H.-based Segway

Segway last fall accused its new owner of infringing on its patents.

At Bain, a broad range of viewpoints is the new reality

Long after Mitt Romney’s departure, Bain Capital is more of a big tent than many might think.

Dianne Butt is ‘secret list lady’ of nonprofit world

The Weston woman maintains a list that’s highly coveted by local event planners.

Fitness trackers boost MS patients’ health

A tracker paired with a smartphone app could help patients with MS monitor their condition and fitness routine, according to a study.

State officials call new charitable giving tax credit program a success

The tally is in on a new Massachusetts tax credit designed to promote a specific type of charitable giving, and state officials say they’re pleased with the outcome.

Sage Therapeutics soars after stock offering

Sage Therapeutics Inc. soared after announcing Tuesday night that it had raised $138 million.

Freddie and Fannie to lower some fees

The federal regulator of Fannie Mae and Freddie Mac plans to lower the mortgage fees paid by some borrowers.

Target settles data breach lawsuit with MasterCard for $19m

Target and MasterCard say they’ve agreed to settle lawsuits over the discounter’s pre-Christmas 2013 massive data breach.

Lose It! partners with Rise to take off pounds

The partnership signals the first time that Lose It! will incorporate a human element directly into its weight-loss tracking efforts.

US stocks rise as earnings roll in, oil prices climb

Better corporate profits and a jump in oil prices helped stock indexes post modest gains.

Delta Air Lines stock rises as it announces cuts overseas

Delta Air Lines will cut back its overseas winter schedule by 3 percent as demand for flights weakens in some places.

Talking points

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

Etsy raises money in IPO, Madoff trustee seeks to release funds to investors, and more.

bold types

A push for a permanent track stadium

Tom Derderian of USA Track & Field New England sees Boston’s Olympic proposal as a chance for a permanent track venue.

Thursday’s business agenda

Career fairs, business breakfasts, and more notable events and things to know.

Madoff trustee seeks to release $1.2 billion to investors

A trustee recovering money for thousands of victims of Bernard Madoff’s epic Ponzi scheme has asked a New York court to let him distribute another $1.2 billion.

Etsy said to raise $267 million in IPO

Etsy Inc., the website founded a decade ago by a carpenter looking to sell wooden computers, is making its public debut as a $1.78 billion company.

Energy prices, exports temper optimism in N.E.

The Fed found that only a few New England firms were doing significant hiring, despite strong demand for their products and services.

Vying visions for Winthrop Square in Boston

Proposals for the site of the closed garage vary from mixed-use skyscrapers to a new $25 million public school.