Latest business headlines

The latest business news from the region and nation

Public-sector job cuts hit black Americans hard

For many black families, working for the government had long provided a dependable pathway to the middle class.

Monday’s business agenda

AAA to release latest gas-price survey, and more notable events and things to know.

EverQuote breaks mold of youthful startup

The little-known company, a comparison shopping site for auto insurance, looks almost nothing like a hot consumer technology firm.

Talking points

What you may have missed this weekend from the world of business

Some recalled Jeeps won’t be fixed, will low pork prices last, and more.

Car insurance rates on the rise in Mass.

The rise comes as insurers recover losses from a harsh winter and an improving economy encourages more driving — and accidents.

Investors sought for a new Cape Cod bridge

Transportation officials are moving ahead with a way to ease the pain of Cape Cod traffic: a new, privately-funded bridge.

MIT sets up bitcoin research, development

MIT hopes to help the sprawling bitcoin project shed its chaotic past and emerge as a more versatile platform.

Five things you didn’t know about Tracey Armstrong

Armstrong is chief executive of the Danvers-based Copyright Clearance Center.

US stocks end 2015’s slowest week near records on Fed comments

No volume? No volatility? No problem.

Globe’s Top Places to Work nominations due June 26

The survey determines the companies that will be featured in a special edition of the Boston Globe magazine on Nov. 15.

Government to review mystery of slow first-quarter growth

The US economy frequently grows at a much slower pace between January and March than in the other nine months.

On the Job

Mechanic keeps buses in ‘State of Good Repair’

Lead mechanic Eldon Livingston, 78, has worked for Paul Revere Transportation for more than two decades.

Sunday MBA

Diversifying yourself is key to keeping work ethic healthy

If we spend all our time working and thinking about work, then we see ourselves as workers and nothing more.

Job Doc

Performance improvement plan a shocker

Such plans should almost never come as a surprise, unless there was something done that was so concerning and unexpected that the plan needed to be developed quickly.

Talking points

What you may have missed from the week in business

Children’s Hospital acquires doctors’ group, Regina’s parent files for bankruptcy, and more.

Four stories of escaping poverty in Boston

Finding a way to move up and out was daunting, but acquiring skills helped make it work for these four people.

Mitch Lipka | Consumer Alert

Seniors online should beware of pity scams

Elder family members often are not aware that social networking sites are rife with scams.

Scott Kirsner | Innovation Economy

What’s next for Kendall Square?

The past five years have seen brand-name companies set up shop in the square, hiring thousands of people in the process.

Consumer Reports | Product Review

As shellfish boom in popularity, environmental damage, safety are concerns

The average American eats almost 4 pounds of shrimp per year, making it more popular than tuna.

Michelle Singletary | Personal Finance

Investigate charities before giving them your money

Experts regularly advise donors to check what percentage of the money collected by charities is used for administration and fund-raising.

Meet the builder who is moving the historic Gay Head lighthouse

Jerry Matyiko is trying to save the 159-year-old — and still functioning — lighthouse on Martha’s Vineyard.

US appeals court upholds delay in Alzheimer’s drug swap

A federal appeals court has rejected a drug manufacturer’s appeal.

Etiquette at work

Is it ever OK to lick your fingers while at a business lunch?

Peter Post gives advice about eating all manner of foods that are messy in some way.

US stocks fall slightly on lower oil, mixed earnings news

The stock market capped a quiet week of trading on a down note.

Toyota promises to help find cause of Takata airbag defects

The air bags are used in more than 50 million vehicles worldwide.

Talking points

What you may have missed Friday from the world of business

Walmart urges meat suppliers to curb use of antibiotics, Toyota promises to help find cause of Takata air bag defects, and more.

Expedia sells stake in Chinese travel service

Expedia sold its entire stake in eLong to a group of businesses based in China for roughly $671 million.

West Coast dockworkers union ratifies 5-year contract

The labor dispute that hobbled international trade through West Coast seaports is officially over.

Target settlement with MasterCard fails to get bank support

A $19 million deal stemming from the retailer’s massive pre-Christmas 2013 data breach has been scrapped.

Tobacco firms get partial win over claims on smoking effects

America’s largest tobacco companies do not have to inform consumers that they lied to the public about the dangers of smoking, a federal appeals court ruled on Friday.

Speaking in R.I., Yellen says rate hike likely this year

The Federal Reserve chair expects the central bank to raise interest rates as the economy continues to improve.

French court rejects Uber’s challenge to legal restrictions

The court has rejected ride-sharing company Uber’s bid to have much of a recent law banning its services declared unconstitutional.

Berkshire Bank to buy Needham lender for $53 million

The Pittsfield bank has agreed to acquire Firestone Financial Corp. in a cash-and-stock deal.

Tuk-tuk taxi maker aims to make inroads in US

The three-wheeled motorized rickshaws are ubiquitous in Asia.

China says Asian bank opposed by US to move forward

Negotiators from 57 governments completed work Friday on a charter for a Chinese-led Asian regional bank, the Chinese finance ministry said.

Walmart urged meat suppliers to curb use of antibiotics

The nation’s largest food retailer is also urging its thousands of US suppliers to improve treatment of farm animals.


Berklee, PureTech to study the effect of music on health

A Berklee official sought out PureTech's Sync Project after he heard its founders introduce their idea at SXSW.


New service makes it simpler for boaters to reserve slips

The Newport-based startup helps navigators reserve a slip or mooring for a weekend jaunt to Block Island or Provincetown.

Nonprofit grocery store set to open in Dorchester

Unlike Whole Foods and Star Market, the new Dorchester business isn’t built on profit margins or sales growth.

Friday’s business agenda

Business mixers, angel investors, and more notable events and things to know.

Mobile health technology helps tackle epilepsy in Bhutan

The developing country has few medical specialists, but plenty of smartphones.

Feds seek to manage Takata air bag recall, speed up repairs

Exploding air bags made by Takata Corp. are so dangerous that U.S. safety regulators want to manage a massive recall so cars can be fixed faster.

The Download

Nadeem Mazen leads a busy digital life

The Cambridge city councilor operates a makerspace and owns an online design firm.

US stocks notch record as rising oil boosts energy sector

The stock market squeezed out another record close on Thursday as rising oil prices boosted energy stocks.

PayPal adds payment services, aims to be bigger in mobile

As PayPal prepares to split from its corporate parent, its new chief executive is promising to expand the popular online payment system.

CVS Health to buy Omnicare in $12.7 billion deal

Under the terms of the deal, CVS will pay $98 a share in cash for Omnicare and assume $2.3 billion in debt.

Eight things you may have missed Thursday from the world of business

Lumber Liquidators CEO resigns, Uber expands to Cape and Islands, and more.

Former North End eatery wins $8.5 million for Big Dig disruptions

The now-defunct Joe Tecce’s Restaurant alleged the construction restricted access and the noise drove customers away.

Shirley Leung

Dear USOC: We really do want to host the Games

Stick with us, US Olympic Committee. I know we’re trying your patience. But it’ll all come together. It always does.

Santander expands wealth management services

Santander is expanding wealth management services to branches in Abington, Andover and Lexington.

Summer starts with low Memorial Day weekend gas prices

Prices are the lowest in a decade heading into the holiday weekend and about $1 less than a year ago.

Summer season starts with lowest Memorial weekend gas prices in a decade

Gasoline prices have climbed in recent weeks, but are still about $1 less than a year ago.

Regina Pizzeria parent files for bankruptcy

Four low-performing restaurants have closed, including two in Mass., but the flagship in Boston’s North End will remain open.

Saudi Arabia minister sees day when nation exports solar power, not oil

Saudi Arabia’s oil minister predicted an eventual end to the nation’s fossil fuel exports, anticipating instead the day the world’s largest crude exporter will sell solar power.

Foxwoods opens outlet shops to expand entertainment beyond gambling

Foxwoods Resort Casino opened a $129 million retail outlet center Thursday to throw some elbows in a crowded market, draw more visitors, make a play for younger gamblers and promote an enterprise that’s increasingly an entertainment destination rather than a gambling mecca.

Karmaloop sale approved; CEO to be replaced

Greg Selkoe, who started the business from his parent’s basement in 1999, will be replaced as chief executive of the Boston streetwear company.

CVS to buy Omnicare in $12.7 billion pharmacy expansion deal

CVS Health Corp. is adding services for the elderly to bolster its position as the biggest US retailer of prescription drugs.

Mass. jobless rate falls to 7-year low

The state’s economy added 10,100 jobs last month as the unemployment rate fell to 4.7 percent.

Jobless claims fall over past month to 15-year low

The average number of Americans filing for unemployment benefits over the past four weeks dropped to a 15- year low, a sign the labor market continues to strengthen.

Children’s Hospital set to expand

The hospital will acquire a growing group of 276 doctors in New York, New Jersey, and Connecticut.

Olive Garden to debut simpler menu after activist takeover

Olive Garden got a scathing lecture from shareholder Starboard Value last year on the restaurant chain’s failings, including its bloated menu and a lack of salt in pasta water.

Egg consumers may pay extra $8 billion over bird flu

Be it scrambled, poached or sunny side up, the cost of egg breakfasts may jump by billions of dollars during the US’s worst outbreak of bird flu, Goldman Sachs Group Inc. said.

Bluebird says gene therapy successful in sickle-cell patient

Cambridge-based Bluebird Bio Inc. said a patient with sickle cell disease was successfully treated with its gene therapy.

Double Shot

Ogawa Coffee set to open in downtown Boston

It is one of the most impressive, ambitious facilities devoted to coffee in Boston.

BearCat truck maker unruffled by Obama’s order

The move to curb the flow of military-grade equipment to local law enforcement won’t apply to a Pittsfield company.

West Newton man turns local bank deposits into riches

Matthews has profited from the belief that mutually owned banks cannot all last. And when they are sold, he stands to earn thousands of dollars.

Water technology growing swiftly in Massachusetts

The industry sector generates more than $1 billion for the state economy and employs over 5,000, according to a new report.


Watch Atlas answer a phone before DARPA Robotics Challenge

Atlas is the 6-foot, 2-inch, 345-pound humanoid robot the Massachusetts Institute of Technology has entered in a national competition.

Massachusetts, 30 other states force changes in credit reports

Three nationwide credit reporting agencies have agreed to fix disputed information on credit reports more quickly.

Banks fined more than $5b, to plead guilty to market rigging

Four of the world’s biggest banks agreed to pay more than $5 billion in penalties and plead guilty to rigging the currency markets.


Internet search pioneer Lycos to sell patents

Lycos was once a pioneer of Internet search and was sold during the height of the dot-com boom.


Charles River Mill District hopes to attract fresh set of startups

A group of state and municipal leaders and local business owners announced the creation of the new Charles River Mill District on Wednesday.

Bold Types

Fenway Frank maker finally flipping burgers

Bold types

Thursday’s business agenda

Infrastructure, unemployment, and more notable events and things to know.

Talking Points

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

Walmart to expand hiring of veterans, activists target McDonald’s, and more stories you may have missed.

Stocks barely move in yet another listless day for markets

The stock market showed little life on Wednesday as it closed yet another trading day barely changed from the day before.


MassChallenge announces its latest class

More than 200 small companies are entering the latest class of MassChallenge, including a pot-potency analyzer and a no-glasses 3D system.

Wyndham housekeepers say waste from patients endangers them

Complaints from Wyndham housekeepers who said they had to dispose of used syringes and clean up blood triggered an OSHA investigation.

Walsh says Boston mostly on track to hit 2030 housing goals

Boston issued permits for 13,000 housing units since 2011, surpassing the goal of 10,200 Walsh had set for that period.

Staples sales dip as stores close ahead of merger attempt

Staples suffered a 36 percent decline in first-quarter earnings as businesses increasingly go digital, a shift that has compelled its attempted merger with Office Depot.