Latest business headlines

The latest business news from the region and nation.

Facebook bans Trump campaign’s data analytics firm for taking user data

Facebook is suspending the Trump-affiliated data analytics firm Cambridge Analytica, after learning that it failed to delete data that it had taken inappropriately from users.

The week ahead in business

Social media strategy, a panel on pitching to investors, and other events and things to know.


Macy’s hopes Backstage will put it back in the spotlight

The troubled retailer is bringing its ‘store within a store’ concept to Massachusetts.

A look at ‘Lean In’, five years later

When Sheryl Sandberg’s “Lean In: Women, Work, and the Will to Lead” was published five years ago this month, it became a cultural phenomenon.


Don’t hide open work environment concerns

Many companies are developing policies that attempt to limit negative, aggressive, or inappropriate behavior.

Silence is golden with 50,000 Amazon jobs on the line

At the company’s request, officials in Boston and other cities have stopped talking about their efforts to lure Amazon’s second headquarters.

Second Nike executive is said to be leaving amid conduct review

Jayme Martin, vice president and general manager of global categories at Nike, is no longer with the company, according to a person with knowledge of the matter.

FTC is cracking down on a string of alleged cryptocurrency scams

The lawsuit by the Federal Trade Commission takes aim at so-called chain referral schemes involving cryptocurrencies, a first for the consumer protection agency.

Macron, Merkel pledge push to settle euro differences by June

Their promise signaled a push to overcome historic differences as Chancellor Angela Merkel begins her new term.


Stay ‘woke’ or we’ll have another financial crisis

It’s so easy to become complacent when times get better.

Condo tower approved for Boylston Street

The building will rise 484 feet above the Massachusetts Turnpike.

Harvard settles suit, will reclassify contractors as staff

About 20 workers at the school’s Center for Wellness will each receive as much as $30,000 in back pay.

No bonuses for workers after tough year, L.L. Bean says

CEO Steve Smith said nearly 500 workers took advantage of a voluntary early-retirement program and that another 100 jobs will be eliminated early next month.


For this shoe designer, it’s already next year

At 29, Vanessa Bolieiro is part of Massachusetts’ footwear-industry comeback. She’s inspired by New England’s shoe-making heritage and proud to help continue that legacy.

Boston gives Amazon $5m tax break for 2,000 jobs in Seaport

A city board approved the incentives if Amazon creates 2,000 jobs by 2025 and leases most or all of a new office building planned at Seaport Square.

Harvard plan for Allston research campus gets boost from city agency

A massive business campus that one day could be Harvard University’s answer to Kendall Square took a key step forward Thursday evening.

How Toys ‘R’ Us became the island of misfit toys

The chain’s announcement that it would close stores sent ripples throughout the industry.

IHeart and Toys R Us take different paths in bankruptcy

That debt eventually brought both companies to bankruptcy court for relief. But once there, the paths diverged.

Nike’s Trevor Edwards, once seen as possible CEO successor, is leaving

Nike executive Trevor Edwards, who has been seen as a possible candidate for the company’s top job, is leaving the athletic-apparel giant.

Convention Center board approves $2.2 million to study possible expansion

The move comes three years after Governor Charlie Baker put an earlier plan on hold.

Parexel cofounder Josef von Rickenbach will retire as CEO

Thirty five years after he cofounded Parexel, Josef von Rickenbach reluctantly steps down as CEO of the largest life sciences company you’ve probably never heard of

Weekend business agenda

Beauty industry networking, an instagram photography workshop, and other events and things to know.

Stocks end mostly lower as midday gains slip away

Stocks finished mostly lower Thursday in another choppy day of trading after a midday rally faded.

Shirley Leung

Toys ‘R’ Us is shutting down. It’s my fault

I have two kids, 5 and 7, in prime toy-buying age. But I can probably count the number of times I have stepped into a Toys ‘R’ Us on one hand.


These companies want you to print your pictures

They’re betting there’s still a market for hard-copy photos in the age of screens.

Legislation would force Mass. pension fund to sell gun stocks

Two state legislators filed a bill requiring the $71 billion fund to divest holdings in companies that make firearms and ammunition.

Evan Horowitz | Quick Study

How long did it take to forget the financial crisis’s lessons? About 10 years

There is some irony in Congress working to ease bank regulations just as iHeartMedia and Toys R Us highlight the lending excesses of the past.

Cambridge biotech startup to pay $150m to license rare disease drug

Akcea Therapeutics will pay the sum upfront to Ionis for the rights to a drug to treat hereditary TTR amyloidosis, a systemic, progressive, and fatal disease.

United Airlines to use special tags for pet carriers after death of passenger’s dog

The airline hopes the bright colored bag tags will help prevent animal carriers from being placed in overhead bins.

Radio network that’s $20 billion in debt files for bankruptcy

iHeartMedia has about 850 radio stations and 17,000 employees worldwide.

Senate passes bill easing Dodd-Frank rules for banks

The Senate has passed bipartisan legislation easing bank rules that were enacted after the financial crisis to prevent a relapse.

Ford recalls almost 1.4M cars; steering wheel can come loose

Ford is recalling nearly 1.4 million midsize cars in North America because the steering wheel can detach from the steering column and drivers could lose control.

As Boston adds glass towers, birds find more lethal obstacles

Among nonnatural causes of bird deaths, only cats account for more fatalities than the glass towers now springing up around the city.


Where to go on Friday

Creative decision making, entrepreneurship in clean energy, and other events and things to know.

Senate passes rollback of post-financial crisis banking rules

The vote represents the biggest loosening of financial regulations since the economic crisis a decade ago.

Ex-Equifax executive charged with insider trading tied to ’17 breach

A former top Equifax executive was charged Wednesday with insider trading for selling nearly $1 million in company stock after he learned about a major data breach in 2017 but before it was publicly announced.

Toys R Us to close all 800 of its US stores

Toy store chain Toys R Us is planning to sell or close all 800 of its US stores, affecting as many as 33,000 jobs as the company winds down its operations after six decades, according to a source familiar with the matter.

EU appeals to Trump: ‘Make trade, not war’

European Union leader Donald Tusk urged U.S. President Donald Trump on Wednesday not to undermine the sides’ longstanding trans-Atlantic ties by seeking economic gains through punishing trade tariffs.

United Airlines might have mistakenly sent a Kansas-bound German shepherd to Japan

It’s been a frightening week for dog owners considering putting their pet on plane.

Holmes surrenders Theranos, pays $500K after ‘massive fraud’

Elizabeth Holmes, a Stanford University dropout once billed as the “next Steve Jobs,” has forfeited control of Theranos, the blood-testing startup she founded, and will pay $500,000 to settle charges that she oversaw a “massive fraud.”

Google said to prioritize stories for papers’ paying readers

The move is part of the tech giant’s efforts to help media companies find and retain paying readers, according to people familiar with the matter.

Bill to help craft brewers has new life on Beacon Hill

A state senator has rescued a bill from legislative limbo that would help brewers walk away from distributors, breathing new life into a long-running battle at the State House.

Toys R Us to close all 800 of its US stores

The move could affect as many as 33,000 jobs as the company winds down its operations after six decades.

Bank, industrial stocks fall amid trade tensions

Investors worried about tariffs and rising trade tensions. That hurt industrial companies, while banks slumped along with interest rates.

Flagship commits $50 million in Foghorn Therapeutics

The Cambridge startup seeks to develop a “gene traffic control” system for the human body.

Shirley Leung

Sorry, I’m not ready to jump on the Southie gondola bandwagon

A cable-car system in the Seaport may make sense for developer Millennium Partners, but the city needs to figure out if it’s a good deal for the rest of us.

United mistakenly flies Kansas-bound dog to Japan

The news of the pooch’s unplanned odyssey comes as United admits another dog died after a flight attendant forced it to travel in an overhead bin.

Former Equifax executive charged with insider trading

Federal prosecutors say the executive profited from confidential information about a data breach at the company by selling his stock before it was made public.

Viacom suspends programming as students walk out

The company’s networks include MTV, BET, Comedy Central and Nickelodeon, among others.

Boston-area doctors among lowest paid in nation, report says

The attraction of top medical schools and research institutions makes it easier to pay physicians less.