Latest business headlines

The latest business news from the region and nation.

Consumer News

Deciding whether to rent or buy

It’s one of the most contentious topics among economists and financial writers, and there’s still no general agreement.

Where high-end condos rise, high-end appliances follow

A showroom featuring refrigerators costing as much as $14,000 and gas ranges that go for $7,000 is coming the Seaport.

Mass. health care reform pioneer Dolores Mitchell retires

After 29 years leading the state’s Group Insurance Commission, 86-year-old Mitchell is stepping down.


Stocks with high valuations fall

The willingness of US stock investors to abide price-earnings ratios stretching into three and four digits came under serious pressure Friday.

Michelle Singletary | The Color of Money

When hiring a tax preparer, choose wisely

Even if you don’t condone any shady behavior when it comes to your return, you are ultimately responsible for the information on it.


Companies should beware social media ‘bubble’

Executives should recognize that the voices on social media are not necessarily representative of the majority of customers.


What makes a positive workplace?

Most satisfied employees have some connection to their work, clients, and colleagues.

Consumer Reports | Product Review

Finding the TV that fits your needs

For some, the best strategy might be to wait for new technologies. But there are plenty of reasons to spring for a new set now.

Five things you should know about LeeAnn Ghazil Gaunt

Gaunt is chief of the SEC Enforcement Division’s Municipal Securities and Public Pensions Unit.

On the Job

Piano tuner strikes a chord in people’s lives

“Life goes on around the piano,” says Artie Doran, who estimates he’s tuned more than 40,000 pianos.

Citigroup blocks customers in N.Y. from paying for fantasy sports

Daily fantasy companies are under pressure on multiple fronts, including investigations by federal officials in several states.

Boston Redevelopment Authority moves up start times of meetings

The move comes after an epic three-hour public hearing last month on a proposal for an apartment building near North Station.

MCCA job cuts focused on Lawn on D

David Gibbons has been running the Massachusetts Convention Center Authority for less than two months, and he’s already trimming millions from the agency’s budget.

New office building headed for the South End

Developers filed preliminary plans to put a 216,000 square foot office building on the site of a parking garage at 321 Harrison Ave, across from the Ink Block.

Settlement to help Mass. residents who lost homes to foreclosure

Massachusetts will share in $60 million as part of national settlment with the London bank, HSBC Holdings PLC.

Apple now accepting your banged-up iPhone

Apple hopes that with more leeway in accepting damaged hardware, applicable only to iPhone 5 and later models, more people will upgrade.

Boston Properties could profit from loss of Kendall tenant

Boston Properties expects to profit when Microsoft vacates 125,000 square feet at 255 Main Street over the next two years.

DraftKings launches in UK after delays

The company has spent almost a year plotting its move to the UK, where gambling is more widely permitted than the US.

LinkedIn plummets after sales outlook trails estimates

Shares fell as much as 39 percent after trading opened Friday, the biggest decline since the company’s IPO in 2011.

FDA rejects Vertex’s application for expanded use of drug

The FDA rebuffed the company’s application to sell its first cystic fibrosis drug to a new subset of patients.

US economy added fewer jobs in January

But the job gains were enough for the unemployment rate to fall to 4.9 percent from 5 percent.

For Asian buyers, condo developers skip more than just 13th floor

The Four Seasons Hotel and private residences at One Dalton will also omit the 4th and 44th floors.

General Electric zeroes in on Fort Point Channel site

The company is taking a hard look at a complex of older buildings where Summer Street meets the Channel.


General Catalyst corrals $845m for fund

General Catalyst has backed companies like drone-maker CyPhy Works, marketing software company HubSpot, and travel software developer Kayak.

N.H. fast-food workers to stage protest before debate

“Fight for $15” organizers have targeted the presidential campaign, staging protests around the country.

What to look for in Friday’s jobs report

The Labor Department releases its January jobs report Friday. Did employers continue the momentum they built in December?

A startup finally finds a home

Roadblocks abounded in Illuminate’s relocation from South Boston to the South End.

Stocks gain as investors await jobs data

The US employment report could help determine if the Federal Reserve raises interest rates again.


Uber Boston to work with disability advocates

It is too soon to know what the partnership may bring in terms of new features or services for riders or drivers.

Daily fantasy legal, Rhode Island AG says

But lawmakers should consider sweeping regulations for the sector, according to Peter Kilmartin.


Having VCs a flight away is good for startups

A study tried to measure whether startups performed better after a new direct flight gave them quicker access to their existing investors.

Boston hedge fund is largest in world run by a woman

Nancy Zimmerman’s Bracebridge Capital has gone from $5.8 billion in assets in 2012 to $10.3 billion today.

State Senate supports making T pension records public

The measure passed would require the MBTA pension fund to follow the rules of other pensions for public workers.

Friday’s business agenda

Jobless rate, mobile crisis response, and more notable things to know.

Boston City Council wants to hold a hearing to discuss Massport development on waterfront

The Boston City Council wants to be part of the Massachusetts Port Authority’s ambitious waterfront development plans.

Regulatory agency does not object to Vermont Yankee decommissioning plans

The federal Nuclear Regulatory Commission says it has no objections to the decommissioning plans developed by the plant’s owner, Entergy Corp.

Mass. Life Sciences Center adviser resigns

Harvey Lodish questioned the Baker administration’s commitment to the center and to independent review of proposals seeking state funding.

Three health insurance issues to track in 2016

Health care costs in Massachusetts are among the highest in the nation, and they’re continuing to rise.

Scott Kirsner | Innovation Economy

Racing to build mobile audiences in developing nations

Facebook, Google, and Boston-based Jana pursue strategies to connect consumers in emerging economies to mobile Internet — and advertisers.

Viacom board names Dauman chairman, replacing aging Redstone

Viacom Inc.’s board rebuffed the wishes of Sumner Redstone’s daughter and named Philippe Dauman as chairman.


Martin Shkreli Invokes the Fifth Amendment in House Appearance

“It’s not funny, Mr. Shkreli. People are dying, and they’re getting sicker and sicker,” Representative Elijah Cummings, a Maryland Democrat.

Shirley Leung

Keep McKenna, fix Suffolk board

Margaret McKenna has to remain at the helm for this reason alone: What other competent candidate wants to be the school’s president now?


iRobot to sell military-device division

Ceding to investor pressure, iRobot will sell off that business for $45 million.

Business, civic leaders come to Suffolk president’s defense

In a letter, business and civic leaders urged the university’s board to use an independent mediator to resolve its differences with Margaret McKenna.

Uber, Lyft, Airbnb face big test at Super Bowl on home turf

With Super Bowl 50 taking place in its backyard, Uber in particular hopes to use the event to demonstrate how far it’s come.

Dunkin’ Donuts to roll out new deals

The chain saw sales dip at established US franchises in the last quarter of 2015 as a result of a discounting battle in the fast-food industry.

Boston Flower Exchange vendors to close by year’s end

Vendors at the longtime exchange have been told they need to move out to make way for a yet-to-be-named new owner.

talking points

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

US businesses added 205,000 jobs last month and Home Depot is looking to hire 80,000 more for the spring season.


Banking’s very small universe

Some may have been surprised by the announcement earlier this week that Eastern Bank Corp. had scooped up Quincy Miller from Citizens Financial Group.


Northeastern team helped Match, Athenahealth apps leak

Both apps were among hundreds Northeastern researchers found sent personal info without securing the data by encryption.