Latest business headlines

The latest business news from the region and nation

Amazon launches 1-hour shipping in Manhattan

Amazon says it is offering one-hour delivery of thousands of basic products to its Prime customers in Manhattan.

Oil heat customers can expect bills to drop $632 this winter

A new report from the Energy Information Administration said the average household using oil heat is estimated to save $632 this winter.

30-year mortgages fall to 3.80 percent

Average US long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year.

Steward fined for refusing to turn over financial records

Steward Health Care has been slapped with a $5,000 fine for refusing to show certain documents to state officials.

Dunkin’ stock falls after company lowers forecast

Dunkin’ Brands now foresees 2015 sales at Dunkin’ Donuts locations in the US open at least a year will climb 1 percent to 3 percent.

Ford expands driver’s side air bag recall nationwide

Ford has agreed to government demands to expand a driver’s side air bag inflator recall to the entire US.

Portsmouth Naval Shipyard hiring 715 workers

The shipyard announced Thursday that recruiting is underway with a goal of completing the hiring by the end of September.

Mass. unemployment rate drops to 5.8% in November

The state added 13,500 jobs last month, compared to just 1,600 in October.

Bold types

ART makes pitch for more bathrooms

The theater said it needs to raise $230,000 by Dec. 31 for a “critical upgrade,” doubling the current five stalls to 10.

Talking points

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

Dunkin’ Donuts keeps croissant doughnuts on menu, State Street names a new chief operating officer, and more news from Wednesday.

Delivery firms vow to avoid holiday delays

Companies are trying to avoid a repeat of last year’s debacle, when more than one million packages weren’t delivered in time for Christmas.

Market Basket film, funded by fans, will retell the saga

A Portsmouth, N.H., filmmaker is hoping a second wave of public support will help pay for a documentary about the struggle that riveted New England for weeks.

Arthur T. finally acquires a domain name of his own

The Tewksbury-based parent company of the Market Basket chain has long operated without a website.

At UPS, a delivery machine kicks into high gear

In 2013, UPS and FedEx were forced to apologize after an estimated 1 million packages were delivered later than promised.


Boston’s sports (apparel) underdog no more

Mahlon Williams has carved out a niche making tees that mesh sports and pop culture.

Partners to collect blood samples for researchers’ medical studies

Partners HealthCare is building a huge repository of blood samples that scientists can use for their studies, at a fraction of the cost they would incur on their own.

Mass. movers

Affiliated Managers gets lift from analysts

Shares of Prides Crossing-based Affiliated Managers Group rose after the global asset management company received a consensus buy rating from eight firms.

Market movers

Delivery firm comes up short in quarter

Memphis-based FedEx Corp. missed forecasts due partially to a lower-than-expected benefit from falling fuel prices.

Hiawatha Bray | Tech lab

The year’s tech, for better and worse

While there were no spectacular, game-changers like the iPad to liven up the tech beat, there were plenty of significant innovations, and quite a few fumbles.


Stocks gain most in more than a year on Fed, oil

A pledge from the Fed to remain ‘patient’ in deciding when to raise interest rates boosted the stock market to its biggest gain in over a year.

After a string of assaults, Uber issues safety promises

Uber said it would institute new safety policies after alleged sexual assaults in Boston, elsewhere in the US, and abroad.

Thursday’s business agenda

State unemployment rates, an entrepreneurial mingling session, and more notable events and things to know.

Fung Wah gets federal approval to return to the road

The cut-rate bus company had its federal license revoked in March 2013 for safety violations.

MassDOT ponders a move from downtown to Roxbury

The blockbuster deal would shake up the real estate markets in both neighborhoods.

Four tech firms line up for new state tax breaks

The program, enacted by the Legislature over the summer, awards $1,000 in state tax credits for every promised job.

beta Boston

After incidents, Uber promises to upgrade its safety efforts

Uber said it would institute new safety policies after alleged sexual assaults in Boston, elsewhere in the US, and abroad.

Dunkin’ says croissant doughnuts will stay on menu

The coffee-and-donuts chain said it will continue selling its best-selling croissant doughnut into 2015 in response to demand.

Generation Boston

Top places to work for young people in Boston

How hard it is to find a job may depend, in part, on where young job seekers look.

Sprint accused of billing for unwanted services

Federal regulators are accusing Sprint Corp. of illegally billing its wireless customers hundreds of millions of dollars in charges for text message alerts and other services that they didn’t order.

Bank of America sued by credit union regulator for poor oversight

Bank of America Corp. and US Bancorp were sued by the agency that oversees federal credit unions, which claimed the banks failed as trustees over securities backed by home mortgages that defaulted after the 2008 credit crisis.

Cuban cigars are coming to America - sort of

Commercial imports of Cuban goods are still frozen despite the diplomatic thaw with the US.

Big hospitals increase dominance of state health care market

The state’s biggest hospital systems gained patients, grabbing market share from smaller community hospitals.

US stocks rise sharply after Fed promises ‘patient’ approach

Stocks jumped after the Federal Reserve said the US economy was improving and that it would be ‘‘patient’’ in determining when to raise rates.

Fed says it will take ‘patient’ approach to rate hikes

The Federal Reserve gave no specific mention of when it may raise interest rates from record lows.

New York governor will move to ban fracking in state

State officials say the widely used gas-drilling technique carries unacceptable risks.

Cybersecurity firm gets a $30m investment

Boston-based cybersecurity firm Rapid7 has raised an additional $30 million from two of its investors.

BlackBerry returns to its roots, launches Classic

The new phone features a traditional keyboard at a time when rival Apple and Android phones have embraced touch screens.

State Street names new chief operating officer

State Street Corp. said Tuesday that it had promoted Michael Rogers to be its president and chief operating officer.

Russians rush to stores to pre-empt price rises

Russian consumers flocked to stores following the staggering fall in the value of the ruble over recent days.

US consumer prices fell 0.3 percent in November

Plunging gasoline costs pulled US consumer prices lower in November, muting inflation across the entire economy.

Napster co-founder to invest in Stanford allergy research

Sean Parker is donating $24 million to establish an allergy research center at the Stanford University School of Medicine.

Mass. movers

LogMein stock declines

Last week, LogMein said it aims to add 450 jobs over five years and anticipates having more than 400 Boston employees by year’s end.

Talking points

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

Nordstrom fires worker over Facebook post, Artist’s ‘Angry Birds’ lawsuit goes forward, and more news from Tuesday.

Walsh seeks to extend city’s urban renewal powers

The move would allow the BRA to use eminent domain powers, tax breaks and other tools to shape development in the city.


Facebook’s Cambridge office includes interesting art

The Kendall Square office of Facebook, which opened last year, includes five art pieces commissioned by the social media giant.


Freight Farms cultivates $3.7 million from Spark Capital

Boston-based Freight Farms, a Techstars and MassChallenge alum, has received $3.7 million in venture funding to help grow its shipping-container farm business.

As flood insurance costs fall, residents’ risks rise

A new Massachusetts law intended to curb rising flood insurance premiums increases homeowner risks.

Market movers

CVS Health hikes dividend, expects growth

CVS Health Corp. raised its quarterly dividend 27 percent to 35 cents per share, and said it expects another year of growth in 2015.

Shirley Leung

Governor Deval Patrick’s hits and misses

Massachusetts Governor Deval Patrick touts his economic record, and Shirley Leung weighs in with praise and criticism.

Some labor unions reluctant to back ’24 Olympics effort

The 2024 Olympics could represent the city’s biggest group of construction projects since the Big Dig.

Ruble’s collapse hurting Vladimir Putin’s power

In Moscow, panicky consumers rushed out to buy major appliances before they became even more expensive.

Senate approves new auto safety chief

Mark Rosekind, 59, was approved to head the National Highway Traffic Safety Administration.


US stocks rise as Russian ruble, oil stabilize

Stocks fell as losses in the tech and consumer sectors offset a rebound in energy shares.

Sony hackers reference 9/11 in new threats against theaters

The group also released a trove of data files including about 8,000 emails from the inbox of Sony Entertainment CEO Michael Lynton.

US imposes steep tariffs on Chinese solar panels

NEW YORK — The Commerce Department began closing a chapter in a protracted trade conflict with China over solar equipment Tuesday, approving a collection of steep tariffs on imports from China and Taiwan.

Could Big Pharma’s appetite for local biotechs hurt independents?

Merck’s plan to buy Cubist Pharmaceuticals Inc. is just the latest example of Big Pharma expanding its local presence.

Wednesday’s business agenda

Startup speeches, soldering lessons, and more notable events and things to know.

Southwest bag workers picketing over flight delays

Saying Southwest Airlines is neglecting workers and its customers, baggage handlers are bringing attention to the company’s slide in on-time performance as they seek a new contract.

Nordstrom fires worker over police killings post

Nordstrom department store has fired an African-American sales associate who made a statement about killing police on his Facebook page.

Quincy emergency room to remain open as hospital shutters

The emergency room at Quincy Medical Center will stay open even as other services in the building are closed in the coming weeks.

Massachusetts posts steady job growth

State job growth has been steady and keeping pace with US growth since the summer, due to the strength of the region’s software development, information technology and staffing services sectors, according to a new report from several top regional economists.

State hits participation goal for women-in-the-workplace initiative

More than 100 companies have said they’ll take part in Governor Deval Patrick’s Corporate Challenge, an initiative meant to boost the presence, pay and seniority of women in Massachusetts workplaces.

Apple prevails in class-action lawsuit over iPod

The billion-dollar lawsuit involved older iPods, which didn’t play music from competing stores.

Shaving among top concerns for Mass. residents on Google

Google provided the Globe with info on what questions the state searched for this year.

Wealth inequality grew along racial lines, study finds

The net worth of white Americans was 13 times that of African-Americans in 2013, the highest wealth disparity in 30 years.

RadioShack hires advisory firm to determine next steps

RadioShack is bringing in FTI Consulting as an adviser in the midst of another round of cost cuts as the troubled electronics retailer warned again last week that it may have to seek bankruptcy protection.

Bankrupt N.H. firm to sell sapphire furnaces to pay Apple

The sapphire screens from GT Advanced Technologies have been at the crux of a legal fight with Apple since earlier this year.

CVS Health hikes dividend, expects growth

CVS Health will raise its quarterly shareholder payout by 27 percent, and the nation’s second-largest drugstore chain also said Tuesday that it expects another year of earnings growth in 2015.

Powdered alcohol? Not so fast, lawmakers say

States already are moving to ban the product touted by its inventor as an easy way to mix a drink on the go.

Robin Williams’s suicide seizes the year on Google

The reaction to Williams’s August death topped Google’s list of 2014’s fastest-rising search requests released Tuesday.

Google News vanishes in Spain amid ‘Google Tax’ spat

A Spanish law requires news publishers to receive payment for content even if they are willing to give it away.

US home construction drops 1.6 percent in November

Construction of new homes fell slightly in November, reflecting weakness in construction of single-family homes.

Talking points

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

Hotter days mean less cold cash for Americans, Boston gets Bloomberg grant for housing innovation, and more news from Monday.

Mass. Movers

Burlington’s MicroFinancial to be bought

MicroFinancial stock leaped 22.80 percent Tuesday after the announcement.


ParkWise shows when Boston parking spaces come free

Anagog Ltd.’s technology, embedded into the ParkWise app, uses the location trackers in thousands of smartphones to identify empty parking spots.

TelexFree trustee faces daunting task of distributing claims payments

Stephen Darr is responsible for divvying up the assets of a company that prosecutors say defrauded 2.1 million people.

Steven Syre | Boston Capital

No hedging possibility of Staples merger now

News that an activist hedge fund manager purchased 5 percent of Staples sparked speculation of a possible merger with Office Depot.

New stocking stuffer: socks

Men’s socks, popular in vibrant colors and images, are expected to be a retail hit this holiday shopping season.

Coming soon to Boston, for a fee: unlimited moviegoing

AMC Theaters has agreed to a pilot partnership with MoviePass, a three-year-old company focused on letting people attend a movie a day for one monthly fee.

Bold types

Seaport development: The 007 edition

Prospective buyers for Joe Fallon’s waterfront luxury condos at 22 Liberty are in for the next generation of tiny model condos.