Latest business headlines

The latest business news from the region and nation.

Six of the top business stories from the past week

Fantasy sports merger, a boost for life sciences, and other top headlines.


Want better pay? Get on a bigger boat

How a rising tide of “superfirms” is creating more income inequality.


Check your medicine cabinet: It probably needs to be cleaned out (safely)

Having a medicine cabinet packed with unsecured pills is a big risk.

Five things you should know about David Chang

David S. Chang fills many roles in the region’s early-stage companies, working with some as an adviser, consultant, or board member; buying into others; and helping develop entrepreneurs.


Confused by the new rule safeguarding your best interest on retirement advice? You’re not alone.

Despite a lot of pushback from some financial-services companies, a new rule should cut down on conflicts of interest in the advice given to investors about their retirement accounts.


Drones rising as valuable tool in commercial film industry

A veteran pilot has taken to the skies in a new way: flying commercial drones capable of carrying cinema cameras that shoot amazing shots at low altitudes.

Asics signs 10-year lease near South Station

The Japan-based apparel and shoemaker will run its new product creation and design lab from 125 Summer St.

SBLI deal too rich for banks, according to policyholder lawsuit

The life insurance company has proposed measures to enable it to convert to a mutual company owned by policyholders.

If the company wants to coach you, embrace it

Companies who hire coaches for their employees are making an investment in their future.

As Logan runway work ends, communities eagerly await plane noise study

Six weeks of runway closure have led to increased noise complaints in some Boston neighborhoods and suburbs.


Digital wallet firm’s travails offer a lesson: Put customers before merchants

Boston-based MCX’s one great idea was followed by several bad decisions.

Repligen agrees to buy Spectrum for $359 million

Waltham life sciences company Repligen Corp. said it agreed to pay $359 million to acquire Spectrum Laboratories Inc.

The Fine Print | Consumer Advocate

When it comes to Internet service, being passive does not pay

Being passive with your Internet service provider can lead to slower connections and wasted money.

Richmond mayor: Keep Confederate statues, but add context

The towering Confederate monuments in Virginia’s capital city shouldn’t be taken down, but instead should be supplemented with historical context about why they were built, Richmond’s mayor said Thursday.

shirley leung

Is the T ready for me to be a daily commuter?

Hundreds of Globe journalists are joining the ranks of T riders. Transportation secretary Stephanie Pollack says the system is ready.

Yellowstone Grizzly Bear to Lose Endangered Species Protection

HELENA, Mont. — After 42 years on the Endangered Species list, the Yellowstone grizzly bear — whose numbers have grown to more than 700 from fewer than 150 — will lose its protected status, the Interior Department announced Thursday.

Not quite half of American teens have had sex by 18. That’s actually low

American teens may be becoming more conservative about sex.

Friday’s business agenda

Presentations, classes, and more notable events and things to know.

Tesla is in talks to set up a car factory in China

Tesla said it needed to set up more overseas factories to make cars that customers could afford. Such a strategy is a must in China, which charges steep tariffs for imported cars.

Outgoing GE chief Jeff Immelt met with Trump about drones, the ‘Internet of things’

Immelt was among two dozen executives from technology companies and venture capital firms to meet with the president Thursday.

Travis Kalanick may have resigned as Uber’s CEO - but he isn’t going away

Travis Kalanick may have resigned as Uber’s CEO - but he isn’t going away.

Qatar Airways eyes 10% stake in American Airlines

Qatar’s move reflects the broad ambitions of the carrier, which has grown from a small, regional player focused on the Middle East to a global carrier with flights to 150 destinations.

Mylan shareholders reject drugmaker’s executive pay package

The vote marks the second time that a majority of investors have rejected the company’s pay program since Mylan first held advisory votes on executive compensation in 2011.

Staples may go private in $6 billion acquisition

Staples would at least get more flexibility to make CEO Shira Goodman’s vision of revenue growth a reality.

US stocks edge up slightly as oil prices stabilize

US indexes ticked higher Thursday after the price of oil stabilized.

After a tip from TripAdvisor, FCC proposes its largest fine ever

The FCC is proposing to levy a $120 million fine, which would be the largest penalty in its history, on an alleged robocall scammer.


Technology is making elder financial abuse easier to commit

But it’s not always easy for a family member to intervene.

Boston energy management firm EnerNOC is sold for $300m

One of the state’s biggest independent companies in the clean-tech sector won’t be independent for much longer.

hiawatha bray | tech lab

Don’t bet on a Steve Jobs-like vindication for Uber’s ousted CEO

The similarities between Apple’s founder and fired Uber founder Travis Kalanick get us only so far.

Thursday’s business agenda

Presentations, meetups, and more notable events and things to know.

Tesla replaces self-driving software lead in executive shakeup

Chris Lattner has departed after less than six months on the job, adding to ranks of executives leaving the carmaker.

Uber’s wish list for new CEO is lengthy

Some experts believe Uber will look for an outsider with turnaround experience.

Evan Horowitz | Quick Study

Baker’s health care fees seem like a solution in search of a problem

Governor Charlie Baker is still pursuing a fine for businesses whose employees use the state’s Medicaid program.

Rotation roulette lands on biotech as another sector spoils rout

Pacing gains were biotech firms, with rallies exceeding 3.8 percent in Regeneron Pharmaceuticals Inc. and Alexion Pharmaceuticals Inc.

Toshiba picks preferred bidder for microchip business

Toshiba’s plans still face a legal challenge by a US business partner.

Wayfair’s founders achieve billionaire status

The founders of Wayfair became billionaires after a revenue surge helped the online retailer’s value rise to a record.

Oil slips again, weighing on stocks

Energy stocks fell as oil dropped to its lowest price since last summer.

MIT plans massive project for Kendall Square

MIT will pay $750 million for the former Volpe Center site and plans up to 1,400 condo and apartment units, and lab, office, and retail space.

Rhode Island paid sick days debate heats up

The debate has led to competing claims over whether a sick leave mandate would help or hurt the local economy.

Bold Types

With two top hires, BJ’s looks to catch up on the digital front

BJ’S Wholesale Club isn’t exactly known for its e-commerce. But Chris Baldwin is hoping to change that.

Owl Labs unveils a new conferencing device

A new way to connect has a Boston-area origin.

Yes, George Clooney accidentally cofounded a tequila company — and it just sold for $1b

George Clooney never meant to go into the tequila business. But he did — and now a company is willing to pay handsomely to buy the Casamigos brand.

Syntimmune raises $50 million to advance drug programs

Four-year-old Waltham biotech Syntimmune Inc. said Wednesday it has closed a $50 million funding round that will enable it to press forward with its drug development programs, including clinical trials of its lead drug candidate to treat autoimmune diseases.

Uber CEO Travis Kalanick forced to resign

Kalanick previously said he was stepping aside on a temporary basis, but shareholders wanted him gone.

Marijuana group says PNC Bank to close its accounts amid fears of a DOJ crackdown

The action is a sign of growing concerns in the financial industry that the Trump administration will crack down on the marijuana industry in states that have legalized it.


Charlie Baker is no longer a biotech holdout

Initially hesitant to use state money to help the industry, Baker came through with a $500 million package.

FDA approves new Shire drug for ADHD

Federal regulators Tuesday approved a new drug developed by Shire plc to treat attention deficit hyperactivity disorder in patients 13 years and older.

Wednesday’s business agenda

Workshops, classes, and more notable events and things to know.


For drug makers, it’s business as usual, despite furor over prices

The powerful pharmaceutical industry has managed to keep legislation free of any controversial policy changes.

In reversal, Uber adds option to tip drivers

Uber passengers in the Boston area should be able to tip their drivers in the app by the end of July.