Latest business headlines

The latest business news from the region and nation.

Another big office building is coming to Cambridge

The Cambridge Planning Board next month will consider Boston Properties’ designs for a 454,000 square-foot, 19-story, office building at 145 Broadway.

Consumer Reports | Product Review

Cutting the cable TV cord? Here are some options

From Acorn TV to Sling TV, there are many choices for digital video streaming services.

On the Job

Much to cluck about for chicken farmer

Whether it’s coop building, municipal zoning, or egg laying, Khrysti Smyth is the go-to expert on all things poultry.

Job Doc

Getting shortchanged on the final paycheck

What to do after the company erred in its own favor.

Fight over Redstone’s billions apparently settled

Factions of the Redstone family accepted a deal that will likely end the fight for control of a $40 billion media empire.

Five things you should know about Jim Judge

For the first time in more than two decades, Eversource Energy has a new chief executive.

Consumer Alert

The ABCs of 529s

Worried about paying for college? Here’s an introduction to savings plans.

Legislative session shows the New Economy’s rise

It was hard not to notice tech players that typically rule Kendall Square flexing their muscles at the State House in recent months.

Congress looking into John Hancock’s long-term care increases for federal employees

John Hancock Financial is drawing fire from Congress over the steep rate increases to its long-term care insurance policies for federal employees.

How New England shaped China’s craft brew master

The father of China’s craft beer revolution got his start on bar stools in Rhode Island and southern Massachusetts.

Yellen signals time for rate increase could be nearing

But the Fed chair emphasized that no decisions had been made and that any forecast is inherently uncertain.

Alere sues to force Abbott to complete $5.8 billion takeover

In a complaint filed in Delaware Chancery Court, the Waltham company alleges that Abbott has failed to obtain required antitrust approvals for the merger.

Was that Lexus in Kendall Square a self-driving car?

The vehicle spotted Friday -- with a driver -- is thought to belong to the Toyota Research Institute.

New Bedford Regional Airport courts international corporate travelers, domestic flights

Since completing a five-year $30 million face lift, New Bedford Regional Airport is positioning itself for growth.

That day Paul Allen started a company at the Out of Town News stand in Harvard Square

The venerable news kiosk sold the magazine that sparked Microsoft co-founder’s inspirational moment. Now it’s threatened with closure.

Two central Mass. hospitals may merge

The merger would unite HealthAlliance Hospital in Fitchburg and Clinton Hospital.

Janet Yellen suggests rate hike is coming, but offers no timetable

The Federal Reserve chair was optimistic about the US economy as she said the central banking system is moving toward raising interest rates.

US economy grew at tepid 1.1 percent pace in spring

Businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment.

Jury: GM car’s ignition switch not to blame in fatal crash

A Texas jury on Thursday found that a General Motors Co. ignition switch was not to blame for a 2011 accident that killed one driver and injured another.

Harvard Square could lose iconic Out of Town News

The newsstand in the tiny 500-square-foot kiosk is not part of Cambridge’s proposed $4.6 million project to remake the plaza.

VW reaches accord with dealers to cover diesel-cheat losses

Volkswagen AG agreed to pay 652 auto dealerships for their losses from the diesel-cheating scheme that’s affected more than a half million cars in the United States.

Sears to borrow $300 million from Lampert as losses mount

Eddie Lampert, the hedge fund manager who runs Sears Holdings Corp., is once again lining up financing for a retailer that has lost more than $9 billion in recent years.


EpiPen price hikes put Mylan CEO in hot seat

Heather Bresch has faced public scorn, investor skepticism, and castigation from a group of senators in the past week.

Can artificial intelligence guide stock picks?

A Boston-based firm hopes to bring the same technology behind Netflix’s personalized recommendations to financial services.

Apple issues iOS patch to thwart powerful spyware

The spyware took advantage of weaknesses in Apple’s mobile operating system to take complete control of iOS devices.

WhatsApp to begin sharing data with Facebook

The service said it would disclose phone numbers and analytics information of its users with the social network.

CLF to expand legal program for farms, food businesses

Conservation Law Foundation announced a multistate expansion of an initiative that provides local farmers and food entrepreneurs with pro bono legal services.

Uber said to lose at least $1.2 billion in first half of 2016

Subsidies for Uber’s drivers are responsible for the majority of the company’s losses globally.

Friday’s business agenda

Bootcamps, potlucks, and more notable events and things to know.

Hiawatha Bray | Tech Lab

Cambridge company launches self-driving cabs

A tiny Cambridge startup outflanked Uber in Singapore by launching the first self-driving taxicab service.

Starbucks wins Southie fight

Starbucks fans in Southie, take heart: Your favorite coffee chain will be able to set up shop on East Broadway after all.


EpiPen maker to make drug more affordable

Mylan Pharmaceuticals will offer a savings card and expand its patient assistance program in the wake of outrage over EpiPen’s high prices.

With new cast behind the scenes, Harvard’s ART stages financial revival

The past several years have brought a renaissance for Harvard’s American Repertory Theater.


A biotech firm resurrects itself via man — and microbe

CEO Daniel O’Connor has helped turn around a troubled company.

The hidden risk to the economy in corporate balance sheets

America has a debt problem, but it’s not what you think.


Mylan price hikes on many other drugs eclipsed EpiPen increases

EpiPen price hikes may be causing outrage, but those pale in comparison to the huge increases that Mylan Laboratories took on dozens of other medicines earlier this year.

Pfizer to buy antibiotics from AstraZeneca for $725 million

Pfizer will pay $550 million to AstraZeneca when the transaction closes and make another payment of $175 million in January 2019

Mass. hospitals in decent fiscal health

Eighty percent of the state’s 65 hospitals ended last year with a profit, according to new report.


Columbia Threadneedle’s golden turn

Plenty of Americans watched Gwen Jorgensen win the gold medal in the triathlon at the Olympics. Among them, executives at Columbia Threadneedle.

Qatari buys stake in firm that owns Empire State Building

The $622 million purchase by the Qatar Investment Authority comes as it increases its US investments.

hiawatha bray | tech lab

If cash is king, it’s time for a revolution

There’s a professor at Harvard University who’d like to take all your cash, and not for tuition.

Jonathan Kraft pushed for merger of DraftKings, FanDuel, report says

According to a new ESPN report, the companies’ CEOs had a tense meeting in Las Vegas last year.

Thursday’s business agenda

Mortgage rates, workshops, and more notable events and things to know.

Are you a literary urbanist? Mayor Walsh has a reading list for you

A reading list from the mayor as City Hall looks to imagine life in Boston in 2030.

The US government says it’s buying 11 million pounds of cheese

The USDA announced Wednesday that it’s purchasing 11 million pounds of cheese to stabilize a surplus that is at its highest level in 30 years.

Chelsea, others settle bond cases with SEC

The settlements are part of a voluntary program of the Securities and Exchange Commission to encourage bond issuers and underwriters to report past errors in their filings.

A local VC firm has a four letter message for Trump

A well-respected firm is using its homepage to send a profane message to the Republican presidential nominee.

Report boosts Children’s contentious expansion plan

The expansion will add dozens of new beds where Children’s can treat patients with complex conditions from the Boston area and far beyond.

Evan Horowitz | Quick Study

Poverty drives homeless rates? Not so fast

The one thing that seems connected to the number of people without their own place to live is the cost of housing.

Blame airlines, not weather, for most US flight delays

Airline miscues — such as the computer glitches that grounded hundreds of thousands of passengers this summer — are the biggest cause of delayed flights.