Latest business headlines

The latest business news from the region and nation.


Drug firm accused of bribing doctors to boost fentanyl sales

Federal prosecutors in Boston allege the doctor was one of several medical practitioners bribed by Insys employees as part of a national conspiracy to boost sales of its opioid painkiller.

$15 minimum wage could squeeze workers on public assistance

For some families, the boost in pay could mean the end of hundreds of dollars a month in government benefits.

European Central Bank adds billions of dollars in stimulus

The bank’s 25-member governing council extended the duration of its bond-buying stimulus program by at least nine months.

Fishing groups in 4 states seek Atlantic wind farm delay

The petition, filed Thursday in federal court in Washington, D.C., said the plan to build as many as 194 turbines in a 127-square-mile section would hurt fishermen.

With LinkedIn, Microsoft looks to avoid past acquisition busts

Microsoft announced Thursday that it had completed its $26.2 billion acquisition of LinkedIn, the social network for professionals.

EU threatens to sue 4 countries where VW sold polluting cars

European Union officials threatened Thursday to sue four countries for allowing Volkswagen and other carmakers to sell vehicles that were built to cheat on emissions tests.

Business leaders are anxious to avoid an angry call from the president-elect

“Right now, you just want to stay out of the line of fire,” said one former chief executive.

Boston brands’ big goal? Chinese shoppers

A new push is underway to court visitors from China in search of uniquely American brands at a lower price point.

Americans’ odds of earning more than their parents have plunged

The findings fuel concerns that the American dream of steady upward mobility is foundering amid a widening wealth gap.

Friday’s business agenda

Classes, networking, and more notable events and things to know.

Biogen trial data boosts hopes for its Alzheimer’s drug

The Cambridge biotech said more than 100 patients who kept taking the drug in an ongoing study showed continued improvement.

Mass. shoe companies get a boost from bill requiring Pentagon to buy American

The US Senate approved a broad defense bill that includes language compelling the Pentagon to buy American-made athletic shoes for military recruits.

Globe names new chief executive

Doug Franklin, a former newspaper subscription salesman, publisher of The Atlanta Journal-Constitution, and executive at Cox Enterprises, will become the new CEO of Boston Globe Media Partners.


This startup lets you listen to your own private audio — in a crowded room

Headphone Events allows everyone in a crowded room to hear music or presentations individually.

Apple CEO Tim Cook to deliver MIT commencement address

CEO Tim Cook has been selected to speak to the class of 2017 in June.

European Central Bank adds half a trillion euros in stimulus

The chief monetary authority for 19 countries hopes to support growth as Europe heads into what could be a tumultuous election year.

European Union fines three banks in collusion case

European antitrust regulators on Wednesday fined Crédit Agricole, HSBC and JPMorgan Chase a total of just over 485 million euros for colluding to fix benchmark interest rates tied to the euro.

European Central Bank seen extending stimulus

Though Trump’s victory has helped revitalize stock markets, there are concerns that his approach to trade may hurt global growth.

Trump team said to consider Thiel associate for FDA

Jim O’Neill is a managing director at Thiel’s Mithril Capital Management and last served in government during the George W. Bush administration.


How long will it take to implement the 21st Century Cures Act?

The measure, nearly 1,000 pages long, does not lay out many deadlines.

New Orleans becomes new model for Airbnb to work with cities

Airbnb’s modus operandi in New Orleans reflects a move by the company to be more conciliatory with some local governments.

This hidden Smithsonian vault contains the oldest things in the solar system

The National Museum of Natural History’s support center in Suitland, Md., contains some of the rarest and most precious objects owned by the American people: 17,000 rocks.

Hiawatha Bray | Tech lab

Can Amazon revolutionize the supermarket?

Amazon has reengineered the way we buy books, electronics, and other products. But groceries are different.


Activewear for the office gets a turn on ‘Runway’

Las year, Jess Garbarino co-launched clothing line Brunswick Park. On Thursday, she’ll make her pitch for even more funding on Project Runway: Fashion Startup.

Markets continue record-setting turn

Investors bought stocks that do well in times of faster economic growth, like technology and industrial companies, but they also snapped up stocks that pay large dividends.

Voyager shares climb on positive results from Parkinson’s disease gene therapy trial

Shares of Voyager Therapeutics Inc. shot up 26 percent in after-hours trading Wednesday after the three-year-old Cambridge biotech company reported positive findings in an early-stage clinical study of its experimental gene therapy to treat Parkinson’s disease.

Lawmakers change tone on AT&T and Time Warner deal

When the deal was announced, days before the presidential election, leaders of the Senate Judiciary Committee issued strong cautionary statements about it.

Thursday’s business agenda

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

Reebok’s new HQ will be at Design Building in Seaport District

The maker of athletic shoes and gear said it has chosen the Innovation & Design Building near the city’s cruise ship terminal for its new headquarters.

Boston man pleads guilty to fraud

A 28-year-old Boston man pleaded guilty Wednesday in federal court to his role in a multi-million-dollar fraud scheme, according to the US Attorney office.

No more free overhead bins on United

Customers in a new pricing tier can only bring one personal item on board and aren’t guaranteed to be able to sit with their companions.

From Boston Club president, 28 ways to empower women

After Governor Baker on Wednesday designated January as “Women’s Leadership Month,” Boston Club president Maureen Alphonse-Charles suggested ways to empower women.

MIT team uses LEDs to attack Alzheimer’s

Cognito Therapeutics Inc. said it has secured a license to intellectual property stemming from the scientific discoveries of a pair of MIT professors.

Abbott sues to scrap its $5.8 billion planned takeover of Waltham’s Alere

The health care giant has filed a complaint to kill the deal, saying Alere’s value has dropped dramatically.

Here’s what the shadow from the Winthrop Square tower could look like

Millennium Partners released animations showing exactly what kind of shadows its proposed 750-foot skyscraper would cast on the Boston Common and Public Garden.

Chamber’s Pinnacle Award winners include Marylou Sudders, Evelyn Murphy

The Greater Boston Chamber of Commerce on Wednesday named eight women as recipients of 2017 Pinnacle Awards.

Staples unloads its European business

The move comes as the Framingham-based company works to return its focus to North America.

Justices hand Samsung a victory in patent fight with Apple

A unanimous Supreme Court ruled Tuesday that Samsung may not have to give up $399 million in profits for copying parts of the distinctive look of Apple’s iPhone.

Mindful of Amazon, malls take the Santa experience high-tech

Malls are hoping the over-the-top Santa visits remind people what brick-and-mortar stores can offer.

Supreme Court sides with prosecutors in insider trading case

The court said that gifts of confidential information from business executives to relatives violate securities laws.

’Tis the season for . . . matching pajamas?

The trend has filled retail catalogs and social media in recent weeks with beaming families decked out in snowflake and reindeer motifs.

Investors target banks on diversity

Goldman Sachs Group Inc., Citigroup Inc., Bank of America Corp., and Wells Fargo & Co. are among the companies in the sights a trio of activist investors.

Trump’s new hotel in D.C. is attracting foreign envoys — and controversy

Donald Trump’s new luxury hotel in Washington D.C. has been attracting foreign envoys, special interest groups — and a bit of controversy.

Shirley Leung

More cracks appear in the corporate glass ceiling

The number of public companies here with no female directors or top executives fell to 9 from 15, the Boston Club said.

Slight gains give Dow another record

Stocks posted slight gains on Tuesday, sending the Dow Jones industrial average to another record.


CRISPR court hearing puts University of California on the defensive

The University of California has a steep hill to climb if it wants to overturn the 2014 decision awarding key CRISPR patents to the Broad Institute of MIT and Harvard.

STAT launches premium subscription service

STAT Plus offers exclusive content about the pharma and biotech industries, says executive editor Rick Berke.

SEC official with Boston ties to depart

Former Boston lawyer Keith F. Higgins, who for three years has run the Securities and Exchange Commission’s Division of Corporate Finance, is the latest official to announce his departure from the nation’s top Wall Street regulator.

Wednesday’s business agenda

Workshops, forums, and more notable events and things to know.

Kraft Group name surfaces in Theranos saga

Robert Kraft’s business organization reportedly received an email update troubled blood-testing company sent to investors.