Latest business headlines

The latest business news from the region and nation

Pepsi gets Super Bowl campaign started early

Super Bowl 49 is still more than two months away, but Pepsi is drumming up an audience for the halftime show.

Google pushed to extend ‘right to be forgotten’

Google will have to change how it applies the right to be forgotten to its websites beyond the EU under rules drafted by the EU’s privacy chiefs.

Smith & Wesson to buy firearms accessories firm

The Springfield gun manufacturer agreed Wednesday to buy Battenfeld Technologies for $130.5 million in cash.

Dunkin’ handing out gift cards to holiday travelers

If you get started on your Thanksgiving commute soon, you could still receive a $3 Dunkin’ Donuts gift card.

How much turkey it takes to feed Plimoth

Plimoth Plantation hosts its annual Thanksgiving dinner Thursday, and yes -- it requires a cornucopia of food.

Fox may go dark on Thanksgiving

The new owner of Boston’s Fox affiliate is in a heated showdown with Verizon over a proposed rate increase to carry Fox programming.

Mass. movers

Nuance stock rises on strong financial results

Burlington-based Nuance Communications Inc. reported quarterly earnings per share of 33 cents, beating analysts' estimates.

Market movers

Tiffany misses 3Q forecasts

Tiffany & Co. reported net income of $38.3 million, or 29 cents per share, in its fiscal third quarter.

The top 400 households got 16 percent of all capital gains in 2010

One out of every six dollars Americans made selling stocks, bonds, and real estate went to the top-third of the top-thousandth percent of households.

Millennials’ best investment is paying student loans

Morgan Housel, writing in The Wall Street Journal, warns millennials not to overdo it on the risk aversion.


US stock indexes hold near record levels

A slump in energy prices pulled stocks off their record highs. Energy stocks slid as the price of oil resumed its descent.

OECD Calls for Fiscal and Monetary Measures to Spur EU Growth

PARIS — Top officials at the Organization for Economic Cooperation and Development warned Tuesday that weakness in the eurozone was a threat to the global economy and called on leaders of the European Union to carry out fiscal and monetary measures, in addition to structural reforms, to restore growth.

Atlanta real estate firm adds East Cambridge building to its portfolio

The real estate firm Jamestown has agreed to buy the 220,000-square-foot Davenport building in East Cambridge.

Shirley Leung

Charlie Baker’s height sets him apart

Charlie Baker has been a towering presence for most of his life, but now that he has been elected governor everyone else has started to take notice.

Twitter search gets comprehensive

Twitter says it has achieved its goal of making every public tweet since the company’s launch in 2006 easy to find by search.

Boston judge fines alleged scammer $37 million

Fugitive Edward Laborio was found liable for bilking 150 investors out of more than $4 million from 2006 to 2009.

New iPhones push Apple’s market cap past $700 billion

Apple surpassed $700 billion in market capitalization Tuesday as its stock hit another all-time high.

Foxwoods, biggest US casino, cuts back on gambling

Chief executive Felix Rappaport says Foxwoods is freeing up space for nightclubs and other attractions as it adapts to competition.

Google’s latest: A spoon that steadies tremors

Google is throwing its money, brain power, and technology at the humble spoon.

Mazda recalls cars to fix tire pressure monitors

Mazda is recalling nearly 100,000 midsize cars in the US to fix a problem with the tire pressure monitoring system.

Barbie dethroned by the megahit ‘Frozen’

For the first time in more than a decade Barbie has been frozen out of the top spot on the holiday wish lists of girls.

US economy grew at 3.9 percent rate in 3rd quarter

The country had its strongest six months of growth in more than a decade.

Mass. home sales rise in October

October housing sales were higher than in October 2013, according to two real estate tracking groups.

Prepared-food sellers must soon post calorie counts

Restaurants, supermarkets, convenience stores and even movie theaters and vending machines must post the calorie content of their food.

Macy’s windows thrive in online era, too

Macy’s window displays in Downtown Crossing are a holiday rite that continues to bring thousands of people out to the department store.

Speedy is a top goal in retail this holiday season

Amazon, Target, Macy’s and other retailers are offering speedier delivery, including overnight and same-day options, that will continue past the holidays.

Steward lagging on new facilities

The state Department of Public Health will hold a hearing Dec. 2 to discuss Steward’s plans after it closes the struggling Quincy Medical Center.

As generic drug prices soad, search is on for ways to give patients relief

On Thursday, a Senate panel convened to investigate price increases for generic drugs.

Automakers aim to drive away car computer hackers

Automakers are betting heavily that consumers want Internet-enabled vehicles, but with these connections, hackers see opportunity.

Personal Finance

Giving back for senior citizens could mean donating discounts

The Boomerang Giving project, which redirects senior discounts to local charities, raised $630 in a two-month trial this year.

Merck, Iowa firm will make and test an Ebola vaccine

Merck & Co. has joined the fight against Ebola, the often-fatal hemorrhagic virus that has been ravaging parts of West Africa for months.

Budweiser’s Clydesdales get some time off

The country’s number three beer brand said the horses will not play a role in its traditional advertising for the season.

Nike’s Olympics deal is extended through 2020

The US Olympic Committee has extended its sponsorship deal with Nike through the Tokyo Games, six years from now.

Honda failed to report injury claims

Honda is admitting that it failed to report more than 1,700 injury and death claims about its vehicles to US safety regulators, a violation of federal law.

Mass. Movers

Ariad leukemia drug approved in Australia

After Ariad Pharmaceuticals Inc. announced its drug Iclusig (ponatinib) was approved for marketing in Australia, the stock rose nearly 9.7 percent.

Market Movers

Gap rises after deal with European retailer

Gap Inc. rose 4.55 percent Monday after it announced it has struck a deal with Zalando, Europe’s largest online fashion retailer.

Dunkin’ says it’s cooking in California

Dunkin’ Donuts said Monday it had received commitments to build 63 stores in northern California.

United Technologies chief retires unexpectedly

United Technologies on Monday announced the abrupt retirement of CEO Louis Chenevert and named chief financial officer Greg Hayes to succeed him.

TelexFree victims may have trouble settling claims

At least $153 million is potentially available to settle claims against the company, but getting access to that money could be difficult.

TelexFree victims may have trouble settling claims

For the victims of TelexFree Inc.’s alleged $1 billion fraud, it’s been a long wait to get any money back. And for most, the waiting could be much longer still.

Budweiser gives Clydesdales holiday pink slip

Anheuser-Busch InBev says the horses will not appear in its holiday advertising this year.

Around the Region

Brockton to get downtown campus

The state will spend $21.5 million to renovate a building that will allow three colleges to to host seminars, lectures, and labs.

ATM company settles lawsuit by Coakley, blind advocates

The world’s largest retail ATM operator has agreed to pay a total of $1.5 million to the National Federation for the Blind and the state.

Cheaper gas expected for Thanksgiving

Gas prices in Massachusetts dropped 6 cents to $2.87 a gallon last week.

Bingham partners move on to other firms

Four lawyers, including three partners, from Bingham McCutchen’s estate planning division in Boston have moved to Day Pitney LLP.

Marijuana retailers in Colo. woo shoppers with holiday deals

From new marijuana strains to gift sets, the burgeoning marijuana industry is scrambling to get a piece of the holiday shopping dollar.

PerkinElmer to pay $266 million for Swedish company

The Waltham-based health and sciences company has agreed to pay $266 million for a scientific testing company based in Stockholm.

Authors sign up to raise Barnes & Noble’s sales

In an effort to increase holiday sales, Barnes & Noble is hoping to lure customers into stores this Black Friday with something book lovers cannot download: signed copies.

Young lawyers seek to shake up legal profession with mobile apps

A growing group of young, tech-savvy lawyers is dedicated to developing technology to deliver legal services more efficiently.

Renewable energy starting to win on price

For the solar and wind industries in the US, it has been a long-held dream.

Many can’t get beyond part-time positions

Even though they want full-time jobs, 7 million Americans are working part-time — 3 million more than in 2007.

App Smart

Messages that quickly fade away

Not all messages need to live forever. And with the right smartphone app, it is simple to deliver text messages, photos or videos with a short life span.

Bad behavior isn’t always bad for startups’ business

Among up-and-comers in the tech world, privacy abuses and executive gaffes have become viral sensations. But is all that bad behavior actually bad for business?

In downsizing, Rockefeller operation to quit legendary Room 5600

One of the country’s great dynastic families is downsizing. By this time next year, they will have vacated their space in Rockefeller Center.

App Smart

Ephemera in cyberspace: Messages that quickly fade away

Not all messages need to live forever. And with the right smartphone app, it is simple to deliver text messages, photos or videos with a short life span.

Lenders limited on what they can ask disabled borrowers

Lenders ask for a lot these days when people apply for a mortgage, which is why it’s not unusual for a loan application to be 300 to 500 pages long.

Snapshot: Europe, China news lift US stocks

US stocks capped a week Friday with record highs on the Dow and S&P 500, extending gains for the week.

‘Area Four’ residents live in the shadow of the future

Growing prosperity in Kendall Square is doing little to lift up the low-income residents around it.

US waters create potential for shellfish farming

With federal waters opening up to aquaculture, shellfish farming may play a bigger role in the future of New England’s seafood industry.

Seven things you should know about Robert Davy

Davy was recently named Microsoft Corp.’s new general manager in New England. A former AT&T executive , he joined Microsoft a decade ago.

Etiquette at Work

When your brand doesn’t measure up

In business, the other person’s opinion really matters. That person may be in a position to affect your success.

Mass. Movers

TJX quarterly sales climb 6% over year

The Framingham discount retailer reported third-quarter sales, plus lower-than-expected forecasts in part due to currency translation costs.

Market Movers

GameStop misses targets, cuts outlook

Shares of video game retailer GameStop slumped on third-quarter profit that missed expectations while it also cut its outlook for the year.

Consumer Alert

Learning which meat makes the grade

Those who can remember going to a local butcher know times have changed.

Stock outlook for 2015 is good, but not great. And bumpy

Stocks can keep climbing next year, tacking even more gains onto their phenomenal run of the last five-plus years. Just don’t expect them to be as big as before.

Outlet bargains tough to beat

When it comes to fashion, outlet bargains are tough to beat. Here are five trends that make shopping at those bustling bargain bazaars even more exciting.

On the Job

Lexington violinist teaches kids to tell musical stories

Anwell Tsai, an accomplished violin soloist, is founder of Lexington based Playful Tunes.

Job Doc

Options for actions when salary review is past due

Performance reviews are done, but rarely completed on time. Unfortunately, this is a common scenario.

Personal Finance

‘No interest,’ with an expensive catch

We have become a nation charmed by offers that something might be free. Especially when it comes to credit.

Beth Israel to pay $100,000 fine over data breach

The hospital has agreed to improve the security of patient information after the breach left thousands of patients’ details vulnerable.

Commercial real estate venture wants to capitalize on less is more

In an industry dominated by conglomerates, David Slye has decided to stake out a niche in the market.

EU official reinforces plans to press ahead on US trade deal

“We are both very, very committed to push forward,” the European commissioner, Cecilia Malmstrom, told reporters.

China’s central bank cuts interest rates to boost growth

The unexpected move means China joins a growing list of major economies that are trying to ward off a global slowdown.

Judge approves $400m Apple e-book settlement

Apple was accused of violating antitrust law by conspiring with publishers to raise e-book prices.

Private banks turn to niche marketing for clients

Can the financial needs of affluent African-Americans, women and members of the lesbian, gay, bisexual and transgender communities be better served apart from mainstream wealth management clients?

NYC man gets prison for role in cybercrime ring

TRENTON, N.J. — A New York City man was sentenced Friday to more than three years in prison for his role in an international cybercrime ring that prosecutors say hacked into the computers of more than a dozen financial institutions and the U.S. military’s payroll service.

Japan orders air bag maker to conduct probe

TOKYO — Japan’s transport ministry said Friday it has ordered air bag maker Takata to conduct an internal investigation after cases of its air bags exploding triggered safety concerns in the United States and other countries.

Scott Kirsner | Innovation Economy

Infinite Web shelf space sparks a surge of food startups

Big companies in search of the next big taste are nurturing and acquiring startups.

Archdiocese breaks ground on new Seaport chapel

The Archdiocese of Boston formally began construction of a new chapel where young, hip workers will have a sanctuary to serve their spiritual needs.

Beth Israel fined $100,000 for patient data breach

The settlement comes after a laptop holding personal information for nearly 4,000 patients and employees was stolen.