Latest business headlines

The latest business news from the region and nation


Gronk is now a voice on Waze and he’s sort of boring

You can now get directions from Rob Gronkowski on the Waze app.

Google’s Android watch software to work with apple’s iPhones

IPhone users who don’t want the new Apple Watch have a new option: Android devices.

Massachusetts gas prices drop six cents a gallon

The price of a gallon of gas is $1.10 cheaper than a year ago and 13 cents below the national average, the auto club said.

Evan Horowitz | Quick Study

Tom Brady has more rights than most American workers

The Patriots QB has the rare ability to take his boss to court when he thinks he’s being punished unfairly.

With fears of Fed raising rates, US stocks sagging

It sets up another volatile week on Wall Street, which has been battered this month.

Epix reaches multiyear Hulu deal, ends Netflix agreement

The cable network Epix jumped from Netflix to Hulu, landing a multiyear, digital subscription video on demand deal with the streaming service.

Lexington’s Promedior gets $150m in deal with drug giant

Promedior will receive $150 million — and as much as $1.25 billion — in a deal with Bristol-Myers Squibb.

Growers see strong apple-picking season in New England

As summer winds down, apple-picking season is gearing up with growers forecasting a bumper crop.


15 Boston consumer tech companies with big momentum

These consumer-focused tech companies in the Boston area have good buzz and at least 50 employees.

Talking Points

What you might have missed from the weekend in business

Puerto Rico delays plan to cope with debt, Netflix to drop Epix, and more.

Cyber-spying prompts US to ready sanctions on China

The move would represent a significant expansion in the government’s response to the rising wave of cyber-economic espionage initiated by Chinese hackers.

Red flags follow commercial real estate lending’s fast rise

Industry officials say the competition for deals is so fierce that many banks are relaxing lending standards.

Post Office can’t meet its own lower standards as late mail soars

Amid a significant downsizing of the Postal Service, the number of letters arriving late has jumped by almost 50 percent.

Alnylam cholesterol drug may threaten Sanofi, Regeneron, Amgen

The drug cut bad cholesterol levels among patients in a small trial by about as much as new treatments from other firms, with far less frequent dosing.


Back-to-school tools for the organized student

Apps can help students with their studies and make the back-to-school transition smoother.

Monday’s business agenda

Gas prices, demo day, and more notable events and things to know.

$113m New Bedford marine terminal sits largely idle

The site, built with state bonds to be a staging ground for a wind farm in Nantucket Sound, sits unused after Cape Wind canceled its lease.

Stat | pharmalot

Examining drug issues in depth

A new weekly column takes a look at the bio-pharmaceutical industry — which is, indeed, fascinating, but also highly complicated.


EMC battles calls for a break up

If an activist investor gets its way, EMC’s days as the pillar of New England’s tech sector could be numbered.

Talking Points

Eight things you might have missed Friday from the world of business

38 Studios lawsuit records to be unsealed, macadamia nuts recalled, and more.

For ESPN, apologies become commonplace

ESPN, which bills itself as the worldwide leader in sports, has been leading in another category lately: apologies.

Boston business schools struggle to counter low black representation, inclusion

Business schools across the country are vexed by low numbers of black students, but perhaps nowhere as much as Greater Boston.

Interest rate hike a tougher call after a volatile week in the markets

Members of the Fed’s Open Market Committee will make a decision when they meet Sept. 16 and 17.

Tax-free savings accounts for disabled expected in 2016

The accounts, made possible in 2014 by the ABLE Act, are loosely modeled on the popular 529 college saving accounts.

Talking Points

What you might have missed from the week in business

Volatility in the markets, stronger 2d-quarter in US than previously thought, and more.

Shirley Leung

Walsh and Wynn need a truce

Whether the mayor likes it or not, Wynn is about to become one of Boston’s biggest neighbors.

Mitch Lipka | Consumer Alert

Getting a refund on lift chair required some nagging

Under Mass. law, consumers who buy a defective product are due their choice of a refund, repair, or replacement.

Markets sell-off’s triggers are still in play

The concerns that triggered the sell-off mean there’s likely to be more market volatility ahead.


User testing that mixes cocktails and coding

A Cambridge event recently played on the idiom that an interface should be designed as though the user were drunk.

Fast-food’s new target: The snack attack

After years of slinging super-sized servings, some fast-food chains are starting to see the benefits of offering daintier bites.

Apple’s music service losing key player as exec resigns

Apple’s online music subscription service is losing a key player as millions of listeners near the end of a free three-month trial period.

Fed vice chairman leaves door open for September rate increase

The Federal Reserve will give serious consideration to raising its benchmark interest rate in mid-September, a number of Fed officials said Friday.

Five things you should know about Kevin Kinsella

Kinsella is founder of the venture capital firm Avalon Ventures and founding chairman of Boston-based Vertex Pharmaceuticals.

Job Doc

Flexible work environment raises productivity concerns

Most employees are respectful and appreciative of the flexibility, but some who take advantage of it.

On the Job

Chiropractor adjusts work for animals big and small

As an animal chiropractor, Julie Graves can’t talk to her patients, but they communicate through body language.

Consumer Reports | Product Review

Electronics, small appliances, baby supplies best to purchase online

The convenience of buying on the Web is undeniable, but the matter of cost is still very much a question.


Responding well to your boss’s feedback

It’s important to train people on the receiving end to how to behave effectively when the boss doesn’t.

US stocks little changed as calm descends after volatile week

U.S. stocks ended little changed, with the Standard & Poor’s 500 Index on track for its worst month since May 2012, as equities found some respite from the wide swings prevalent earlier this week.

Fidelity e-mails customers to soothe nerves after volatile week

Fidelity Investments sent out a missive Friday aimed at soothing high-net-worth clients as a highly volatile week in the markets neared a close.

Merger report boosts Ariad stock

Discussions with the developer of leukemia and lung-cancer treatments continue and there is no certainty a deal will be reached.

FDA approves Marlborough company’s epilepsy drug

An epilepsy tablet made by Sunovion Pharmaceuticals won US approval Friday to be sold as a primary therapy.

Ashley Madison chief steps down in wake of hacking

The departure comes in the wake of a massive breach of the company’s computer systems and outing of millions of its members.

BetaBoston | Innovation Economy

Is the tech party coming to an end?

Investors have had a rollicking time putting money into tech and biotech startups. Are they getting ready to split?

US stocks close flat Friday after a volatile week

US stocks ended the day little changed Friday, letting investors breathe a little easier after a week where both the highs and lows were extreme.

US consumer spending up moderate 0.3 percent in July

US consumers increased their spending moderately in July, as wages and salaries made their biggest jump in eight months.

Ruling eases way for union drives at fast-food chains

The labor board changed the definition of a crucial employer-employee relationship that had held in some form since the 1980s.

Talking Points

Nine things you might have missed Thursday from the world of business


Alex and Ani hurt by executive exits, party incident

Behind the New Age marketing and rapid expansion, the jewelry retailer has struggled with some decidedly negative vibes.

Venture capital trade group loses its high-profile leader

C.A. Webb will leave the New England Venture Capital Association next week to start a venture capital firm.

Shirley Leung

Tough choices on Green Line project, but it isn’t derailed yet

Governor Baker is getting the chance to nip cost overruns in the bud — something he never got to do with the Big Dig.

Macy’s dives into discount market

Macy’s decision to jump into the off-price game comes as the retailer faces slowing sales.

Dueling data blur economic analysis

The federal government released two very different estimates of the US economy’s growth in the second quarter, and the truth is probably somewhere in the middle.

U.S. Stock Markets Close Higher for 2nd Day as Global Shares Rebound

U.S. stock markets on Thursday turned in a second day of strong gains, reversing many of the losses sustained early in the week when global markets tumbled.

Suit over Charles River’s pollution dropped — for now

NAIOP Massachusetts had claimed that the mandate the environmental advocates sought would have cost Boston-area businesses more than $1 billion to implement.

As it seeks users, Twitter acknowledges its flaws

With user growth slowing, Twitter’s management has acknowledged the service is too confusing to navigate.

HubSpot book to hit stores 2 months earlier

Hachette Book Group has moved up the publication date of “Disrupted: My Misadventure in the Start-Up Bubble,” a forthcoming memoir from Dan Lyons.

Wi-Fi, hot tubs, and big data: How Airbnb determines the price of a home

The housing market and hotel industry wrestle with some similar questions in determining the value of a property. But Airbnb’s puzzle sits at the incredibly complex intersection of the two.

Boston area is host to a cluster of high-end flute makers

A plethora of companies outside Boston have made Mass. a boutique center for professional musicians and students.


Fitbit outsells smartwatches

Apple is in second place behind market leader Fitbit, which shipped 4.4 million units in the second quarter.

FDA approves new Amgen cholesterol drug

The drug can reduce levels of bad cholesterol in millions of people who don’t respond to or are only partly helped by statins.

Friday’s business agenda

Find a job, user experience design, and more notable events and things to know.


Hubspot memoir to hit stores two months early

If you can’t wait to read the book that spawned an executive shakeup and ethics scandal at HubSpot, you’re in luck.

300,000 in Mass. to see health policy rates rise 6 percent

Health insurers will boost rates for small businesses and individuals, a troubling sign that costs are again accelerating.

Filene’s Basement to be reborn as a low-price online retailer

The legendary discount retailer that went bankrupt and closed four years ago is making a comeback.

Apple to hold event on Sept. 9 at San Francisco’s Civic Auditorium

Invitations sent to reporters and analysts were headlined, ‘‘Hey Siri, give us a hint.’’

Stantec acquires Burlington-based Fay, Spofford & Thorndike

Stantec, one of the nation’s largest engineering firms, has more than 6,500 in 162 offices.

30-year mortgage drops to 3.84 percent

Average long-term US mortgage rates dropped this week to their lowest levels since May, in a week marked by turmoil in global markets that was stoked by economic developments in China.

US economy surged at 3.7 percent rate in April-June quarter

The US economy posted a much bigger rebound in growth during the spring than previously reported, thanks to greater spending by businesses and consumers.


C.A. Webb leaving VC association to start own firm

Webb has swelled the reach of the New England Venture Capital Association since becoming executive director in 2012.

US stocks close sharply higher

The Dow gained over 350 points Thursday as a rebound spread throughout global markets.

Walmart to stop selling AR-15s and similar weapons

Walmart will stop selling semi-automatic weapons at its stores because fewer people are buying them.

China’s stocks surge, leading world markets higher

The country’s main stock index bounced back from losses that triggered worldwide selling over the past week

Fewer companies giving out bonuses to lower-paid employees

The good news for workers, says data by Aon Hewitt, is workers will see a flat 2.9 percent increase in base pay on average in 2015.

Airline fare wars are back! Well, sort of, on the slow days

A number of cities are seeing ridiculously low prices at off-peak hours — prices the industry has spent the years trying to eliminate.

PureTech’s long view on biopharma

Having hatched a dozen companies, PureTech is betting big with a hybrid model more common across the Atlantic.

US stock markets close up sharply as global indexes show signs of stability

Dovish words from the Federal Reserve and improving economic data triggered the biggest rally since 2011 and halted this week’s plunge.

Sharply volatile market tests investors

American investors are facing their first major test of buy-and-hold advice since the financial crisis.

State hospitals report $1.2 billion in earnings

The results for last year show that Massachusetts hospitals are finding ways to be more efficient and control costs.

Market turmoil may delay a rate hike

The global downturn has reduced the chances that the Federal Reserve will raise its benchmark interest rate in September.

Solyndra misrepresented facts to get loan, report says

A four-year investigation concluded that Solyndra officials omitted key information in their efforts to get a $535 million loan guarantee.