Latest business headlines

The latest business news from the region and nation

New Apple encryption locks out police from iPhones, iPads

Apple said Wednesday night that it is making it impossible for the company to turn over data from most iPhones or iPads to police — even when they have a search warrant — taking a hard new line as tech companies attempt to blunt allegations that they have too readily participated in government efforts to collect user data.

Fed signals it plans to stick with stimulus campaign

The Federal Reserve rejected the argument it should begin to pull back more quickly, even as it detailed plans for an eventual increase in interest rates.

Northeastern 3-D printer next big thing using tiny particles

Northeastern’s nano printer represents the latest innovation in the burgeoning field of nanotechnology.

Health care pilot shows progress in controlling costs

The savings in Massachusetts were accompanied by higher marks in quality of care.

Sony forecasts $2b loss as smartphones lag

Sony canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.

Alibaba post-IPO structure gives insiders control

Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans.

Bezos turns to Boeing-Lockheed venture for foothold in space

The spaceflight company backed by billionaire Jeff Bezos will team up with a Boeing-Lockheed Martin venture to develop a U.S alternative to Russian- made rocket engines.

Investors buy German debt at negative rates

The negative yield is a sign of the stresses in the 18-country eurozone, where the economy is struggling to maintain a weak recovery.

Marijuana industry battling stoner stereotypes

The marijuana industry and activists are starting an ad blitz in Colorado aimed at promoting moderation and the safe consumption of pot.

Hiawatha Bray | Tech lab

More than an app, it’s an ‘Automatic’ lifesaver for cars

Automatic is a $99 piece of hardware that has a built-in crash sensor that can call for a rescue if you’re in an accident.

A guide to breaking up with your bank

Many people who think about changing banks end up staying put — often because of worries about the work involved.

If your credit score’s great, don’t toil to add a few points

We live in a society that judges our ability to get credit -- and in many cases a job, insurance and even a security clearance -- based on our good credit behavior.

Mass. movers

Insulet Corp. stock rises as new CEO is named

Insulet Corp., a Billerica maker of insulin infusion systems, named Patrick Sullivan to be president, chief executive, and director.

Market movers

Activist shareholder Nelson Peltz pushes for breakup of DuPont

DuPont Co. surged as investors bought the stock on news Nelson Peltz, the activist investor, wants to split up the company.

US current account deficit dips to $98.5 billion

WASHINGTON — The US current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans’ overseas investment earnings.


Stocks rise after Fed interest rate statement

The Dow closed at a record high — its 16th this year.

FedEx to add 50,000 seasonal jobs

DALLAS — Growth in online shopping is boosting profit at FedEx, and the company plans to hire more than 50,000 extra workers to handle what is shaping up as another record year for holiday-season package deliveries.

Holder calls for increased whistleblower rewards

WASHINGTON — The Justice Department expects to bring criminal charges in the coming months in investigations involving financial institutions, Attorney General Eric Holder said Wednesday as he called for better incentives for Wall Street whistleblowers who report crime.

US consumer prices fall 0.2 percent in August

WASHINGTON — US consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control.

FERC fails to act on complaint of New England electricity market manipulation

The failure frustrated activists who alleged New England ratepayers will pay more because of the closing of the Brayton Point power plant.

Dow closes at record high

The Dow rose 24 points, surpassing its previous high from July by 18 points, on news that the Fed would maintain low interest rates.

Janitorial firm fined for wage gaffe

An East Boston janitorial company has been ordered by the attorney general to pay more than $750,000 for unlawfully deducting wages.

Google makes surprise gift of school supplies to local teachers

Google Inc. donated about $185,000 in school supplies that local teachers had requested for their classrooms.

Fed to keep key interest rate at record low

While the Federal Reserve will continue to cut the pace of bond-buying, it well keep a benchmark rate low “for a considerable time.”

Airport workers take crucial step toward forming union

Nearly 900 of about 1,200 airport workers signed cards in support of joining the local property service union, 32BJ SEIU.

Norwegian bank buys stake in Boston office towers

Boston Properties has agreed to sell a 45 percent interest in its office towers at Atlantic Wharf and 100 Federal Street.

Amid probe, State Street official is asked to stay away from London office

State Street’s head of foreign exchange spot trading in London is out of the office, the Boston company confirmed, following reports  that he had been asked to leave following an internal investigation.

TV ads by DeVito/Verdi agency for Boston-area businesses

The New York-based DeVito/Verdi agency has created a number of commercials for Boston-area businesses in recent years.

EMD Serono teams up with Sutro Biopharma to work on antibody drug conjugates

EMD Serono Inc., a Rockland-based subsidiary of Germany’s Merck KGaA, and Sutro Biopharma have agreed to collaborate on developing antibody drug conjugates that target such diseases as cancer.

Roche Bros. is unveiling produce stands in Downtown Crossing

Roche Bros. is opening outdoor produce stands at Boston’s Downtown Crossing, an advance preview of sorts of the supermarket it is building in space once occupied by Filene’s Basement.

Cyber security firm Sentrix raises $6m, opens local office

Sentrix, an Israeli cyber security company formerly Foresight-Air, said it has raised more than $6 million in funding as it opens its first US office in Waltham.

Two irreverent New York ad men capture Boston’s attention

The New York advertising agency DeVito/Verdi is turning heads in Boston with edgy campaigns for local clients from Legal Sea Foods to Suffolk University.

Two New York ad men capture Boston’s attention

The head-turning irreverence of the campaigns by Sal DeVito and Ellis Verdi seems to appeal to Boston sensibilities.

Shirley Leung

Chef Daniel Boulud takes a bite out of Boston

Boulud’s arrival this week with the opening of Bar Boulud at the Mandarin Oriental could send Boston into a different gastro-sphere.

House panel: Safety agency mishandled GM recall

The committee found that many of the bureaucratic mistakes that plagued GM are also problems at the highway safety agency.

Sonos is latest tech firm to head to Downtown Crossing

Instead of expanding in Kendall Square, Sonos recently signed a lease to move into 170,000 square feet in Lafayette City Center.

Clear Channel renames itself iHeartMedia

For Clear Channel, the rebranding is an attempt to reshape perceptions of the company for the digital age.

New Jersey loses 4th casino; Trump weighs in

Trump Plaza is the latest victim of casino contraction brought on by competition in neighboring states in the saturated northeastern US gambling market.

Corinthian Colleges sued for predatory lending

Corinthian misled students about job prospects, in some cases paying employers to offer temporary jobs to graduates, the agency said.

German court lifts ban against Uber

A court in Frankfurt overturned a nationwide ban against the company’s car-sharing service in Germany.

Once-troubled reverse mortgages poised for rebound

A reverse mortgage allows borrowers 62 or older to receive a line of credit or lump-sum or monthly cash payments off the accumulated equity in their homes.

Allston sale highlights hot city housing market

Three buildings in the Green District off Commonwealth Avenue are being purchased by National Development of Newton for nearly $150 million.

Social Security resumes mailing benefit statements

Social Security began phasing out mailed statements to most workers in 2011 to save an estimated $70 million a year.

Nations back plan to deter corporate tax manipulation

Dozens of countries with the most advanced economies have agreed on principles for concrete action to prevent corporations from gaming the international tax system.

Market movers

Sears puts up 25 stores to borrow $400m

Sears has struggled against Walmart and other rivals for years. It has been selling and spinning off assets to raise cash.

Mass. movers

Atlantic Power replaces CEO, cuts dividend

The Boston-based independent power producer lost nearly a third of its market value after it slashed its dividend 70 percent and replaced its chief executive.


Stocks move higher as Fed meets

The market flitted between gains and losses in the morning and then turned broadly higher on gains in health care and utility stocks.

NY: Wal-Mart levied fictional ‘sugar tax’ on soda

ALBANY, N.Y. — New York’s attorney general has settled a false advertising investigation at Walmart, saying some store personnel were citing a nonexistent ‘‘sugar tax’’ on soda.

Yelp says it settles US suit over collecting data on children

WASHINGTON — Yelp, the online customer-review service, said it paid $450,000 to settle a US regulator’s lawsuit accusing it of collecting names and e-mail addresses from children as young as 9 without the consent of their parents.

Eastern Bank brands Mass Pike ATMs

The Boston bank signed a five-year contract to brand ATMs at rest-stops on the Massachusetts Turnpike and portions of Route 128.

shirley Leung

In casino battle, one big winner and a long list of losers

Steve Wynn came out on top. Losers included Revere, Suffolk Downs, Boston, and Boston’s current and former mayors.

In fight for Boston casino license, there’s one big winner and a long list of losers

Like any good high stakes poker tournament, the Boston casino licensing produced one big winner and a long list of losers.

Halloran Consulting Group relocates to Boston’s Innovation District

Halloran, a consulting firm that advises life sciences clients, has just relocated from Waltham to Boston’s Innovation District.

Two Boston firms among group sanctioned by SEC

The companies were sanctioned for illegally short-selling stocks and then participating in offerings of those stocks.

Roomba owners can now customize their vacuum-cleaning robots, iRobot says

A new iRobot initiative allows owners of the company’s Roomba to color-coordinate their vacuum-cleaning robots to blend in with home decor --- or pay homage to a favorite sports team.

McDonald’s kicks off free McCafé coffee event

The McDonald’s fast-food restaurant chain said it will be offering a free coffee to customers over the next two weeks.

Dimension Therapeutics taps Annalisa Jenkins to be its chief executive

Merck Serono veteran Annalisa Jenkins has been appointed chief executive of Dimension Therapeutics, a startup working on a hemophilia treatment.

Takeda Pharmaceutical to headquarter global oncology unit in Cambridge

Takeda Pharmaceutical Co. announced a company-wide reorganization Tuesday that will include a strong focus on its cancer drug business in Cambridge.

$3b plan promises more natural gas in New England

Two of the largest players in the New England natural gas market have formed a partnership to expand the capacity of two major pipelines.

Opinion | Steven Syre

Roger Goodell won’t survive NFL’s Ray Rice fiasco

It’s already clear that the league’s commissioner has become an indelible part of the problem and not a part of any solution.

Insurers see cost hikes in Partners HealthCare mergers

Mass. insurers are seeking stricter price controls and other limits on Partners before allowing it to acquire three hospitals.

Local food lands at Logan Airport

Berkshire Farms Market, in the newly renovated Terminal B, offers a range of local food products that stand out from typical fast-food-style airport fare.

Death toll rises in GM recalls

The death toll tied to faulty ignition switches in General Motors small cars has risen to 19, according to a compensation expert hired by the company.

SJC rules Tesla can sell cars directly

The ruling caps a nearly two-year legal battle between the California automaker and the Massachusetts State Automobile Dealers Association.

Mass. Movers

Ex-Alere CEO could buy Waltham firm

Shares of Waltham-based Alere Inc. soared on news that former chief executive Ron Zwanziger is working with investors to buy the health services company.

Market Movers

Brewer jumps on volatility in industry

Shares of Molson Coors Brewing Co. jumped on merger news in a consolidating industry.

US factory output down a bit in August

US manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants.

Europe urged to launch major stimulus plan to avoid stagnation

The European Central Bank was urged to begin large-scale bond buying to ensure that weak price pressures do not further undermine demand.

Microsoft buys Minecraft creator for $2.5b

The move adds the immensely popular world-building computer game Microsoft’s stock of content.

$1,000-a-pill hepatitis drug price cut for poor nations

The maker of one of the costliest drugs in the world announced Monday it will sell lower-cost versions of the medicine in poorer countries.

Complaints say Ford Fiesta’s doors don’t latch

The probe announced Monday covers about 205,000 Fiestas from the 2011 through 2013 model years.

Snapshot: Investors play it safe before Fed meeting

Policy makers start a two-day meeting Tuesday and many investors expect the bank to indicate it is moving closer to raising its key interest rate as the economy strengthens.

Alibaba raises IPO target up to $25.03b

Alibaba now plans to raise up to $25.03 billion in its upcoming IPO, making what was expected to be the biggest stock market debut even bigger.

Google debuts affordable smartphone in India

Google chose India to introduce the first of a series of affordable smartphones under its Android One initiative.

Urban Outfitters apologizes for blood-stained Kent State shirt

‘‘Get it or regret it!’’ read the description for a ‘‘vintage’’ Kent State sweatshirt that Urban Outfitters briefly offered for $129.

Olive Garden defends breadstick policy

Olive Garden is defending its practice of giving customers as many breadsticks as they want, calling it ‘‘Italian generosity.’’

App will find women taxi drivers in NYC

An app called SheTaxi would locate taxis with a woman behind the wheel in New York City, Westchester County, and Long Island.

Cognizant buys software firm for $2.7b

Cognizant Technology Solutions Corp. will buy the health care software company TriZetto Corp. for $2.7 billion in cash.

Orders for iPhones exceed supply

Apple Inc. had more than 4 million advance orders for its new, larger iPhones in the first 24 hours, exceeding its initial supply.

Options abound for selling used mobile phones

Selling your phone online or to companies that buy back used models can often offer a better return than your wireless provider.