Latest business headlines

The latest business news from the region and nation.

On the Job

A pet therapist isn’t for the birds

Michelle Posage works with pets that suffer from aggression, obsessive behavior, and other problems that can make a owner miserable.

Job Doc

Do you have the right stuff to be an entrepreneur?

Here are some must-have traits for successful entrepreneurs.

Consumer Alert

Skip the breast cancer awareness gimmicks and donate directly

Your charitable impulses will be better served by a donation to a charity than by buying pink products.

GE plan to demolish historic bridge runs into neighborhood resistance

Plans for General Electric’s new headquarters complex in Fort Point have run into a speed bump.

Five things to know about Jesse Baerkahn

Founder and president of retail advisory firm Graffito SP, Baerkahn plays a quiet but key role in shaping the street-level experience of Boston’s building boom.

Amazon ships first order from new Fall River warehouse

The internet retailer’s 1 million-square-foot facility is officially in business.

Strike looms for Harvard dining hall workers

After more than 15 bargaining sessions, two attended by a federal mediator, the two sides remain at a stalemate over wages and health care costs.

Home health company, executives indicted in health care fraud

A grand jury charged Compassionate Homecare Inc. with allegedly defrauding the state’s Medicaid program of more than $800,000.

Review of massive ‘One Charlestown’ project begins

Developers have proposed replacing an aging public housing complex with a new mixed-income neighborhood of 3,200 apartments and condos.

Here’s what GE CEO Jeff Immelt thinks of Boston so far . . .

He had some high praise for his new city.

Children’s gets key backing amid Prouty Garden fight

Boston Children’s Hospital’s proposed expansion received a key recommendation, despite concerns over the garden and a possible increase in medical costs.

Proposal that would have excluded some janitors from a new contract is withdrawn

Cleaning companies drop request to exclude some janitors in small buildings from union wages.

Report says Obama administration failed to follow health law

The Obama administration failed to follow the president’s health care law in a $5 billion dispute over compensating insurers for high costs from seriously ill patients, Congress’ investigative arm said Thursday.

Warren joins complaints against debt collection practices

Senator Elizabeth Warren blasted the US Department of Education for sending debt collectors after students who were defrauded by a for-profit school.

Most Americans believe prescription drug prices are unreasonable

Those responding to a Kaiser poll support some, but not all, of the ideas being floated to lower costs.

High expectations for Nobel recipients can be hard to meet

The path from a brilliant lab discovery to an actual medication is long and winding.

Molecule can make mice smarter. Can it heal brains?

The discovery of this potentially promising compound has ignited a scientific and entrepreneurial whirlwind, with a playful, brilliant scientist in the middle.

Brigham and Women’s expands its campus with a $475m building

The 11-story building will put patients, doctors, and scientists under one roof.

Harvard raids rival Columbia for new endowment chief

N.P. “Narv” Narvekar, currently head of Columbia University’s endowment, will take over Harvard’s $35.7 billion fund in December.

Conservation Law Foundation sues Exxon Mobil

The suit accuses Exxon Mobil Corp. of ignoring pollution hazards posed by the energy giant’s waterfront terminal in Everett.

Stocks slide on Deutsche Bank worries

Drug makers and banks absorbed big losses.

Friday’s business agenda

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

ImmunoGen cutting 65 jobs after strategic review

Waltham biotech company ImmunoGen Inc. said Thursday it will eliminate 65 jobs from its workforce.

Bottled Dunkin’, coming to a grocery store near you

The iced coffees will be sold in grocery and convenience stores, as well as Dunkin’ Donuts shops across the nation.

Harvard keeps AAA bond rating

Wall Street bond analysts shrugged off Harvard University’s lagging endowment returns, maintaining the AAA rating for the institution’s $5 billion in debt.

scott kirsner | innovation economy

What could possibly be bad about unlimited vacation time?

A growing number of companies allow employees to take as much time off as they want. But the policies can create problems.

GE announces partnership with Boston-based Allied Minds

By sharing technology, GE and a local intellectual property company think they can create winning startups.

LEO Pharma grabs toehold in Cambridge

Denmark’s LEO Pharma is the latest European health care company to open an office in Kendall Square.

Thursday’s business agenda

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

Viacom, CBS owner said to be eyeing merger

The Redstone family is pushing ahead to reunite Viacom Inc. and CBS Corp.


For Health Care for All chief, a spiritual shift

The organization’s executive director, Amy Whitcomb Slemmer, is resigning to become a priest.

Biotechs leverage patient groups in drug development

Startups are tapping patient groups to raise awareness of diseases, bankroll research, design clinical trials, and tell their stories to the regulators.

Janitors, building contractors negotiate amid threat of strike

Both sides hope to come to an agreement by Friday night when the current contract is set to expire.

Hiawatha Bray | Tech Lab

Bigger than bitcoin: Here comes blockchain

Blockchain has so far proved to be a bomb-proof way of registering and storing information so that it is impervious to hacking.

Fed politics in spotlight as Yellen cornered by lawmaker

Federal Reserve Chair Janet Yellen’s defense of the central bank as nonpartisan came under attack on Wednesday, as a Republican congressman cornered her on whether a key policy maker would have a conflict of interest in discussing a post in the next US president’s administration.

Och-Ziff hedge fund unit to plead guilty to bribery

Och-Ziff Capital Management is expected to have an overseas subsidiary enter a guilty plea.

Springfield grocer Big Y takes a big step into Eastern Mass.

West of Worcester, Big Y is an institution. Now it’s making a big play around Boston.

California suspends some Wells Fargo business amid scandal

California’s treasurer said he’s suspending some of the state’s most profitable lines of business with the bank amid allegations bank employees opened millions of accounts without customers’ permission.

OPEC reaches preliminary accord to curb oil production

Output levels must still be finalized at a meeting in Vienna in November.

Vertex wins OK for cystic fibrosis drug for younger patients

Federal regulators Wednesday approved Vertex’s Orkambi drug to treat children from 6 to 11 years old.

‘Virtual’ groundbreaking for a real building

Suffolk Construction used virtual reality to simulate a groundbreaking.

Energy stocks lead market higher

Reports say OPEC nations are moving closer to an agreement to cut oil production.

What you need to know about flu vaccines as the winter draws near

While the flu is a common illness, that hardly means the science around it is static.

Ginkgo Bioworks opens production site for custom cells

The new 18,000-square-foot foundry near the company’s South Boston headquarters will make living cells for food, fragrances, and cosmetics.

Governor Baker confirms Israel trade mission

It’s official: Governor Charlie Baker will head to Israel in December for his first overseas trade mission.

Cosi files for Chapter 11

The Boston-based restaurant chain, known for its homemade flatbread, said business would continue as usual at its remaining locations.

Baker’s economic development chief withdraws bid for Cambridge city manager

The top economic development official in the Baker administration has withdrawn his bid to become Cambridge’s city manager.

Stanford endowment joins long list of college funds doing poorly

The Stanford University endowment posted a 0.4 percent loss on its investments for fiscal 2016, underperforming some large rivals but doing better than Harvard University’s 2.0 percent loss.

Advocates seek more limits on debt collectors

The calls follow a series of debt collection lawsuits and settlements, including one announced this week by Attorney General Maura Healey.

For tweens, a social media network all their own

Facebook, Snapchat and many other social media platforms are technically only open to people 13 and above. A new app has a different target.