Latest business headlines

The latest business news from the region and nation.

Everett gets in on the ax-tion of ax-throwing bars

Turns out there’s not just one, but two, ax-throwing bars coming to the Boston area.

Bain & Co. founder Bill Bain dies at age 80

William Bain is best known for leaving Boston Consulting Group to start a rival firm in 1973 with a handful of BCG colleagues. He later helped propel the business career of former governor Mitt Romney.

Apple to return overseas cash, create 20,000 US jobs

Apple Inc. said it will bring hundreds of billions of overseas dollars back to the U.S., pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years.

Suit: Gay couple gets ‘hateful’ flyers, not wedding programs

A gay couple who had ordered wedding programs from Vistaprint was horrified to instead find religious pamphlets with messages about temptation and sin, according to a federal lawsuit.

Carillion collapse could lead to thousands of job losses in UK

The fate of thousands of workers hung in the balance Wednesday after the collapse of the major construction and services company.

Shirley Leung

Jolts at GE won’t leave Boston shuddering

Even if General Electric splits into smaller companies and moves out of Boston, the biggest casualty would be our ego, not our pocket books.

Senators grill social media companies over terrorist posts

Lawmakers grilled executives Facebook, Google’s YouTube and Twitter on Wednesday about what the companies are doing to prevent terrorists from using their platforms to spread propaganda and recruit new followers.

Cannabis commission picks firms to track marijuana plants and license applications

Despite the threat of a federal crackdown, Massachusetts’ recreational pot agency isn’t slowing down.

Mass. regulators take aggressive step against cryptocurrency offering

Secretary of State William Galvin contends that an initial coin offering amounted to an unregistered sale of securities.

Friday’s business agenda

A launch party, a business breakfast, and other events and things to know.

Cambridge biotech startup names two top leaders

Pandion Therapeutics has received $58 to work on treatments for immune system disorders.

‘The Situation’ to plead guilty to tax-related charges

The former “Jersey Shore” star and his brother were charged in September 2014 with filing bogus tax returns on nearly $9 million in income.


This state archeologist specializes in buried treasure

Victor Mastone is the guy who decides whether it’s “finders keepers.”

Apple says it will build another corporate campus

Apple says it will build another corporate campus and hire 20,000 workers in $350 billion, 5-year commitment to the US economy.

WeWork keeps on growing in Boston

The co-working company is taking over 100,000 square feet at 33 Arch Street, its sixth location in the city.

These are the 3 big challenges facing GE’s chief

As the new chief executive, John Flannery is expected to do something about the company’s lagging stock price. And soon.

GE’s chief executive opens the door to breaking up the company

Although company officials said they remain committed to Boston, a restructuring would make GE a very different company than the one Massachusetts wooed here in 2016.

Here’s when the new Wegmans in Natick is opening

The supermarket, which will span 146,500 square feet over two floors in Natick Mall, will also feature two restaurants.

Citigroup reported an $18 billion quarterly loss, but no one flinched

The New York bank says the more than $18 billion loss in the fourth quarter was related to the new Republican tax law.

FDA to release more clinical trial information for newly approved drugs

The Food and Drug Administration is taking steps to make it easier for doctors, patients, and researchers to get access to clinical trial data.

BlackRock CEO tells peers, you must do good for society

Laurence Fink, the world’s largest money manager, wrote, ‘‘Society is demanding that companies, both public and private, serve a social purpose.’’

Dow industrials recede from 26,000 as early gains fade

Losses by industrial and technology companies helped pull US stocks lower Tuesday, bringing the market back from its latest record highs.

EU president urges Britain to stay

European Union Council President Donald Tusk on Tuesday urged Britain to change its mind about leaving the bloc next year, as time to conclude a Brexit agreement runs short and EU leaders await more details on how the country sees their future ties.

Chan Zuckerberg philanthropy taps UMass Amherst to create AI scientific research tool

The initiative awarded a $5.5 million grant to create a free, artificial intelligence-driven tool that would make millions of published findings easily accessible to researchers worldwide.

Nutella maker to pay $2.8 billion for Nestle US candy unit

Nestle SA agreed to sell its U. confectionery unit to Ferrero SpA, the Italian maker of Nutella, in the first substantial step away from the candy industry by the company that invented milk chocolate.

Evan Horowitz | Quick Study

What happens if the government shuts down?

Unless Democrats and Republicans can resolve a long list of contentious issues by Friday, large parts of the federal government will stop working this weekend.


Celebrity chef aims to know what you want before you know

Bold Types: Celebrity chef Christopher Kimball says he’s trying to figure out what people want before they know they want it.

Tax break helps UnitedHealth 4Q earnings, 2018 guidance soar

UnitedHealth said Tuesday that it added $1.2 billion in 2017 non-cash earnings, as its fourth-quarter and full-year corporate tax rates were cut.

A new Dunkin’ in Quincy, without the ‘Donuts’

Located about 1 mile from where the first one opened 68 years ago, this one is decidedly more modern.

Thursday’s business agenda

Mortgage rates, a fireside chat, and other events and things to know.

Dow hits 26,000 milestone as earnings optimism feeds rally

The Dow Jones Industrial Average plowed past 26,000 as optimism over corporate earnings turbocharged the equity bull market.

GE chief says breakup is on the table following huge after-tax charge

On a conference call with analysts,CEO John Flannery pledged to weigh all options, including possible separations of businesses.

Chinese carmaker may use Fiat Chrysler to enter US market

GAC Motor on Monday outlined a broad plan to build up its US operations and begin selling a vehicle here in 2019.

Accenture to add 400 jobs in Boston

The consulting firm will grow its local workforce by more than 25 percent during the next three years.

Noncompete contracts in Massachusetts? Lawmakers are near a deal

Legislative negotiators expect to produce a measure within weeks to limit noncompete contracts in the state.

How much effort does it take to fill one job?

As the labor shortage stretches on, a $15-per-hour kitchen position in Concord, with benefits, has gone unfilled for two years.

GOP tax cuts are so far spurring bonuses more than pay raises

American Airlines is giving $1,000 to its employees. So are AT&T, Bank of America, Nationwide Insurance, Comcast, JetBlue Airways, and US Bancorp.

Sean P. Murphy | The Fine Print

A leader in service? United falls short after the storm

It was the day after the storm. Like thousands of others who’d had their travel plans upended, Linda Coyne spent all morning on the phone arguing with an airline.

Don’t listen to Washington, tourist organizations tell foreigners

Persuading international travelers to visit did not used to be difficult, but things have gotten complicated.


Finally, more drug trial results are being made public

The reporting of trial results to a public database — mandated by federal law — has improved sharply in the last two years.

Aveo CEO says biotech is rising from ashes of ‘an absolute catastrophe’

Its kidney cancer drug — rejected by the FDA in 2013 — is on the market in Europe, and the Cambridge company is likely to seek US approval in 2019.

Former Gate of Heaven School in South Boston to be demolished

After more than five years of debate in the neighborhood, the parish and archdiocese have decided to use the space for parking.

Feeling the (financial) heat, Barbara Lynch is back in the kitchen at Menton

Investors fear that the restaurant’s struggles threaten to topple the Boston chef’s crown jewel.


For this man, it’s a cool career, any time of year

Cape Pond Ice Company’s Scott Memhard spoke about why making ice cubes can be so much work.

The newest place you can use cryptocurrency? Kids TV

A Newton-based children’s programming startup plans to raise millions with a new kind of cryptocurrency.

Job Doc

When the inside candidate gets the job

Internal candidates aren’t guaranteed the role, but it does typically represent a competitive situation.

The numbers are in: Retailers had the best holiday season in years

Shoppers fueled the strongest growth in holiday retail sales since the end of the recession.

Visa won’t require signatures, a move Wal-Mart long sought

Visa Inc. will stop requiring signatures for purchases made in North America using chip-card technology, a significant win for big brick-and-mortar retailers such as Wal-Mart Stores Inc. that could help them cut the cost of accepting plastic.

Businesses bullish on Boston space

Real estate brokerage NAI Hunneman’s latest report on Boston’s office market indicates that the waves of employer immigration into the city show no sign of abating.


Take up the charge for financial freedom

For many, the road to a more financially stable future begins with approaching wealth a different way.