Latest business headlines

The latest business news from the region and nation.

UMass officials break off talks with Kraft Group about soccer stadium

University of Massachusetts officials have broken off talks with the Kraft Group to build a soccer stadium near the UMass Boston campus.

Shirley leung

It’s the witching hour for state’s $40b budget

Last spring lawmakers were spooked by a bigger-than-expected shortfall in tax collection. This year was supposed to be different. What gives?

New Balance in China is rare win against piracy

A court in China has ordered five shoe manufacturers and sellers to pay the state $250,000 for using the US shoemaker’s signature slanting “N” logo.

Friday’s business agenda

Forums, workshops, and more notable events and things to know.

Trump’s gyrations on NAFTA cause a flurry of head-scratching

President Donald Trump campaigned on an “America First” trade policy of bracing clarity: Renegotiate or abandon NAFTA and crack down on China’s trade practices.

Evan Horowitz | Quick Study

We’re a typical family. What would Trump’s tax plan mean for us?

The president’s proposal is clear in how it would help the wealthy. For the rest of us, the picture is fuzzy.

Wegmans hash browns recalled, may contain golf ball bits

A food company has recalled Wegmans branded frozen hash browns in six states because they may contain pieces of golf balls that were apparently harvested along with the potatoes.

Stocks inch higher, giving Nasdaq a record

Stocks fluttered up and down Thursday, then closed a hair above where they started.

More driverless cars coming to Mass. roads?

Three companies have approached the state about launching tests here.

Drones are coming to Hanover town hall

The town of Hanover plans to use a high-tech drone to assist with the brass tacks of municipal government.

Delta passenger said he was kicked off a plane for using the restroom

A Wisconsin man said he was removed from a Delta Air Lines flight because he had to get up from his seat to make an emergency restroom run.

Doctor dragged off United flight reaches settlement

A Kentucky doctor dragged off a United flight in Chicago has reached a settlement with the airline for an undisclosed amount.

Seven large Mass. companies cited in study as paying little or no state taxes

Biogen, Raytheon, Staples, and Thermo Fisher are among those listed by the Institute on Taxation and Economic Policy.

United CEO says he ‘messed up’ with initial response to seating incident

Oscar Munoz, the CEO of United Continental Holdings Inc., initially defended his airline’s actions and criticized the passenger.

Brigham and Women’s offers buyouts to 1,600 workers

The hospital is being squeezed as payments from insurers and the government are flattening while costs grow.

Teaching a driverless car one of the hardest maneuvers on the road

A driverless car has to read human psychology and subtle signals from other drivers and pedestrians to make left turns.

Evan Horowitz | Quick Study

Who wins and loses under Trump’s tax plan?

The biggest benefits would go to businesses, which would see the top corporate drop by more than half.

Twitter’s business shrinks, but investors see a glimmer of hope

On Wednesday, Twitter reported its first fall in revenue since its initial public offering in 2013, posting sales of $548 million in the first quarter.

On-the-job deaths hit 10-year high

Seventy workers died in Massachusetts in 2016, and Trump-era rollbacks could make jobs less safe.

Stock indexes wobble as Trump unveils tax plan

Stock indexes wobbled between modest gains and losses Wednesday, as the White House unveiled broad outlines of its plan to slash tax rates but left many of the details to be determined.

‘Much-loved’ giant rabbit found dead after United flight to O’Hare

Simon, a male Continental Giant rabbit, could have grown to a record-setting size.

House launches Dodd Frank battle

Rep. Jeb Hensarling on Wednesday launched what is expected to be a protracted fight over easing banking regulations by pointing to who hasn’t been supporting his effort: big Wall Street banks.

hiawatha bray | tech lab

Trump’s FCC can save the Internet — by doing nothing

It’s up to the Trump administration to save the Net neutrality activists from themselves.

Trump considers order that would start process of withdrawing from NAFTA

President Trump has not made a final decision, but if he were to sign the executive action notifying the two nations, it would begin a six-month process to begin withdrawal.

You think you are a good multitasker? Check out these folks

Polymaths are not jacks of all trades; they are just masters of more than one.

Long inspired by Justice Brandeis, he ends up at Brandeis University

Former banker and UMass Boston official Ira Jackson is Brandeis University’s new senior vice president for communications.

Biogen’s former CEO left as a very wealthy man

George Scangos, who stepped down in early January, got $17.7 million, plus a $7.2 million severance payment, and stock options valued at $25.7 million.

Thursday’s business agenda

Economic data, workshops, and more notable events and things to know.

Three startups take home $75,000 apiece in Harvard competition

Veho, an app that allows anyone with a car to deliver packages, was among the top winners.


Fourteen local startups that could make life better

These local entrepreneurs are working on everything from wearable cooling devices to same-day delivery for small businesses.

McDonald’s new dark gray uniforms prompt sci-fi comparisons

McDonald’s new uniforms are prompting some teasing online, with comments saying the gray-toned shirts and aprons make employees look like they’re part of totalitarian regimes.


Think twice before refinancing a home to pay student loan debt

New Fannie Mae program might not be a wise option for some borrowers.

Boston councilors back Winthrop Sq. skyscraper proposal

Council members voted 10-3 to rewrite 25-year-old laws restricting shadows on two historic parks.


This businesswoman is building her ‘psychic portfolio’

Medium Kelle Sutliff says the days of just reading tea leaves are over.

Twitter’s revenue drops despite the Trump effect

Twitter still faces stagnant user growth, has never made a profit, and even reported a quarterly revenue decline Wednesday.

Evan Horowitz | quick study

President Trump’s tax plan is ambitious, and high-priced

The middle class doesn’t stand to gain much from a reform strategy that would add trillions to the nation’s debt.

‘Fearless Girl’ sponsor reports higher first quarter earnings

“We’re delighted by the response to Fearless Girl,” State Street chief executive Jay Hooley said in a statement.

Fox News facing racial bias claims from current, former employees

It’s the latest issue to face the news network, which has seen the ouster of Bill O’Reilly and Roger Ailes within the past year.

Trump’s tax-cut plan would give favorable rate to businesses large and small

President Trump plans to unveil a blueprint Wednesday that would apply a vastly reduced, 15 percent business tax rate to a wide range of companies.

Wells Fargo shareholders tepidly reelect bank’s directors

Despite the turmoil that has engulfed Wells Fargo in the past year, shareholders voted on Tuesday to reelect all of the bank’s 15 directors.

Canadian leader responds to lumber tariffs imposed by the US

Prime Minister Justin Trudeau, leader of Canada’s Liberal Party, said the two countries are economically interconnected, but it’s not a one-way relationship.

Google targets ‘fake news,’ offensive search suggestions

Google has sprinkled some new ingredients into its search engine in an effort to prevent bogus information and offensive suggestions from souring its results.

Nasdaq hits 6,000 as strong profits push stocks higher

Profits are climbing for companies, and so are their stock prices.

Bain’s Irish pub crawl: The Boston firm is a significant lender in Europe

The Boston firm’s overseas lending deals include real estate, hotels, and even pints of beer.

Shirley Leung

Shadow debate shows how desperate Boston is for money

The City Council takes up Shadowgate on Wednesday and will likely vote on whether to change the laws to accommodate a tower on Winthrop Square.

Beer at Target’s Fenway store was too cheap, state says

Target bought 15-packs of beer for $14.25 but sold them for $11.99, and that’s a no-no under state alcohol regulations.

Emirates CEO says US laptop carry-on ban still puzzles him

The CEO of Emirates airline said he “can’t dig into somebody’s mind” to understand why the US instituted a ban on laptops and other electronics from 10 Muslim countries.

Get ready, self-driving cars are coming to more Boston roads

Boston-based nuTonomy Inc. has received city approval to expand the test area across the Seaport and Fort Point neighborhoods.

With SMA treatment, it looks like Biogen has another blockbuster drug

Early sales of Biogen Inc.’s new drug to treat spinal muscular atrophy appear to be stronger than industry analysts expected.

Cape Cod, other holiday spots hit hard as temporary migrant worker program shrinks

“We’re not talking about Cape Cod being closed this summer, but these are critical employees,” said a local immigration lawyer.