Baker administration floats alternative to health care levy

The new proposal would increase an existing assessment, called the Employer Medical Assistance Contribution, which applies to employers with six or more workers

WASHINGTON, DC - MARCH 23: Jay Claton testifies before the Senate Banking Committee during his confirmation hearing to be chairman of the Securities and Exchange Commission in the Dirksen Senate Office Building on Capitol Hill March 23, 2017 in Washington, DC. Nominated by U.S. President Donald Trump to lead the SEC, Clayton was questioned by senators about his years representing large banks like Goldman Sachs, Barclays, Deutsche Bank and other Wall Street companies. (Photo by Chip Somodevilla/Getty Images)

Trump SEC pick says he has no ‘specific’ Dodd-Frank gut plan

Wall Street lawyer Jay Clayton also told the Senate Banking Committee his work for financial firms would be a strength should he win confirmation to run Wall Street’s top regulator.

A Santander bank branch in New York.

Santander to boost auto loan controls

The bank’s subprime auto-lending unit continues to fall short of state and federal consumer protection laws, the Federal Reserve said.

IMBD homepage --- march 22, 2017

hiawatha bray | tech lab

Hollywood puts its spin on censorship

California has passed a law that prohibits the popular movie website IMDb from publishing the ages of actors.

Latest Business headlines

Mindich to unwind $7 billion Eton Park after 13 years

Eric Mindich, a one-time Goldman Sachs star trader who jumped into the hedge fund industry during its heyday, is throwing in the towel on his $7 billion firm.

State rep takes another crack at taxing nonprofits

A proposed law would require Massachusetts nonprofits to pay property taxes if their five highest-paid employees collectively make more than $2.5 million a year.

The Senate just voted to undo landmark rules covering your Internet privacy

The FCC’s rules are being debated as Internet providers — no longer satisfied with simply offering Web access — race to become online advertising giants as large as Google and Facebook.

Friday’s business agenda

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

Talking Points

Flexion stock soars on report of Sanofi takeover

Seven stories you may have missed Thursday from the world of business.

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Bigger ships are presenting bigger business opportunities at Boston Harbor

On the shores of larger infrastructure projects, Boston’s commercial harbors are doing what it takes to compete with the country’s busiest ports.

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// Innovation Capital: An Examination of the Boston region’s future in the global economy

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More Business headlines

Stock rally sputters after vote on health bill is delayed

Elsewhere, a growing boycott of YouTube advertising hurt Alphabet, Google’s parent company.

Why a lack of education raises death risk for some Americans

Middle-age white Americans with limited education are increasingly dying younger, on average, than other middle-age US adults.

FILE - In this Thursday, Dec. 10, 2015, file photo, Bob Iger, chairman and CEO of The Walt Disney Company, poses in a conference room before speaking to members of the media about bringing NFL football back to the Los Angeles area, in Burbank, Calif. On Thursday, March 23, 2017, The Walt Disney Co. announced that Iger is getting a one-year contract extension, to July 2, 2019. (AP Photo/Mark J. Terrill, File)

Disney CEO Bob Iger gets contact extension to July 2019

Disney CEO Bob Iger isThere’s no obvious successor at Disney since Iger’s heir apparent, chief operating officer Tom Staggs, left last year. getting a one-year contract extension.

Western Mass. power plant operators to pay millions for lying about emissions

The companies will pay more than $7 million in fines and other payments.

042732016 Rockland Ma Gary Zieziula (cq) is the new President and Managing Director of EMD Serono. Boston Globe/Staff Photographer Jonathan Wiggs

EMD Serono wins approval for drug to treat rare form of skin cancer

It’s the first cancer treatment from the Rockland arm of Germany’s Merck KGaA.

Amazon Go stores won’t have cashiers — or checkout lines.


Amazon is planning its next assault on retail right here in Massachusetts

The online retailer has assembled a team in Hudson that is working on the technology to run the new Amazon Go stores.

CEO of French drugmaker Sanofi Olivier Brandicourt speaks during the presentation of the group's 2016 results in Paris on February 8, 2017. French pharmaceuticals giant Sanofi said on February 8 that cost-cutting measures and the strong performance of its rare diseases business drove up profits last year. / AFP PHOTO / ERIC PIERMONTERIC PIERMONT/AFP/Getty Images

Burlington biotech Flexion could be sold to Sanofi

Company’s stock price skyrockets on a report that it’s negotiating with the French drug maker.

Unemployment rate ticks up to 3.4 percent in Mass.

Massachusetts employers added 10,100 jobs in February, with the largest gains coming in the state’s stalwart industries.

Thursday’s business agenda

Jobs reports, economic data, and more notable events and things to know.

Beth Israel, Lahey CEOs say merger will help contain health care costs

The hospitals’ CEOs indicated they would press on with the deal regardless of impending policy changes that could disrupt the health care industry.

Tom Flynn


For labor leader Flynn, a new job and an audience with Trump

It took a Republican president’s arrival to bring Tom Flynn to the White House.

Former EMC chief executive Joe Tucci engineered the sale to Dell.

SJC decision on EMC lawsuit could have broad implications for Mass. boards

Board members for Massachusetts public companies can breathe a little easier today — and they have, to some extent, former EMC chief executive Joe Tucci to thank.

A tip jar in a car driven by an Uber driver.

Uber’s ban on app tips at odds with states barring cash gratuities

Uber thinks that tipping is a relic of the past and wants the idea to wither away.

East Boston-01/25/2017 Cab drivers have been waiting for much longer times at the taxi pool at Logan Airport. John Tlumacki/Globe Staff(business)

Boston cabbies vent Uber frustrations at hackney boss

Members of Boston’s struggling taxi industry swarmed a meeting called by Boston police Wednesday.

‘Turkish Trump,’ a hotel plan and a tangle of foreign ties

Alterra Worldwide, the real estate firm that would own the hotel and be partners with the Trumps, has business ties in Russia, Kazakhstan and at least two dozen other countries.

 The smartphone-based semen analyzer can be used to test for male infertility from the privacy of home. The device can analyze most semen samples in less than 5 seconds. (Photo: Shafiee lab)

Sperm count via smartphone? Yes, it’s a thing.

A new, smartphone-based test can assess male fertility just as easily as a pregnancy test.

Faulkner Hospital workers vote to join union

The move affects about 500 people in administrative, housekeeping, food service, and medical interpreter jobs at the Partners HealthCare-owned hospital.

Sears plummets after filing sparks concern that end is near

Sears’s forewarning comes after more optimistic signs from the company, which has been working on a turnaround under chief executive Eddie Lampert.


Science march on Washington plagued by organizational turmoil

Plans for the march are hindered by infighting among organizers and attacks from outside scientists who don’t feel their interests are fairly represented.

Operator of Western Mass. broadband network files for bankruptcy

MassBroadband 123 provides high-speed fiber optic service to 124 communities in Western Massachusetts, and was built with $90 million in state and federal grants.

Chipotle tries to rebuild trust with parents after safety crisis

Chipotle Mexican Grill is looking for families to help it recover from a food-safety crisis that tarnished its carefully crafted image.


College financial aid packages usually aren’t gifts

There’s a lot more to those offer letters than the net cost.

Sears has ‘substantial doubt’ it can keep doors open

Sears said late Tuesday that it lost more than $2 billion last year

Newton country club reaches $120,000 settlement over tips

A 22 percent service charge on restaurant bills should have gone to the waitstaff, lawsuit said.


Trump budget calls for slashing biomedical, science research funding

President Trump’s budget could stagger academic institutions around the country that depend on NIH grant money to keep their scientific research programs afloat.

EF Education First gets $6 million tax credit as its launches another expansion in Cambridge

E-commerce company Wayfair is also getting $1.15 million to subsidize an expansion.

10-18-2016 Boston, Mass, Over 500 guests attended the Massachusetts Health Council Awards Gala, celebtating 96 years of Advocacy for Prevention. Wellness and Healthy Living. L. to R. are Honored guests Michael Botticelli, White House Office of National Drug Control Policy, Dolores Mitchell, Retired Executive Director Mass, Group Insurance Commission. and Dr. Thomas H. Lee Chief Medical Officer, Press Ganey Associates. Globe photo by Bill Brett

Boston Medical Center picks ex-Obama drug czar to run opioid center

Michael Botticelli, a former director of national drug control policy, will lead Boston Medical Center’s Grayken Center for Addiction Medicine.

James Merrill was sentenced to six years in federal prison.

Former TelexFree executive gets six years for his role in $3 billion scam

“I’m sorry for this whole disaster,” James Merrill told victims in Worcester courtroom.

General Electric CEO Jeffrey Immelt speaks last year during a news conference in Boston, held to unveil more details about GE's move to the city from Connecticut. (AP Photo/Steven Senne, File)

GE agrees to link bonuses to profitability of its industrial division

Executive bonuses will be tied to performance after an activist shareholder put pressure on General Electric’s board.

We tried Amazon’s one-hour delivery service. Here’s what happened.

Amazon is now offering its one-hour delivery service in Boston, so some Globe reporters tried it out.

President Donald Trump listens to a speaker in the Oval Office of the White House in Washington, Tuesday, March 21, 2017, during a signing ceremony for a bill to increase NASA's budget to $19.5 billion and directs the agency to focus human exploration of deep space and Mars. (AP Photo/Evan Vucci)

Banks nosedive as Trump health care speedbump tanks stocks

US stocks took their biggest loss in five months Tuesday as a health care bill backed by President Donald Trump ran into trouble in Congress.

Report reveals details of $21 billion money laundering plan

Between 2011 and 2014, the 21 shell companies sent 26,746 payments from various accounts to 96 countries.

Retail shops will account for about 9,000 square feet at the casino.

Wynn reduces luxury retail space at Everett casino

Recreating Newbury Street on the banks of the Mystic River turned out to be tougher than Steve Wynn expected.

Google’s moves are aimed at rebutting criticism that the search giant has not done enough to curb hate speech online.

Google overhauls policies after uproar over YouTube videos

Google is giving marketers more control over their online ads after a slew of brands halted spending in the UK over concerns about offensive content.

In this photo provided by General Motors a self-driving car is seen in Detroit. General Motors is trying to persuade state lawmakers across the country to pass legislation that would clear the way for the automaker to make self-driving cars publicly available while potentially barring GM’s competitors from putting their own vehicles on the road. (Photo by Steve Fecht for General Motors)

Uber, Lyft, and Google oppose driverless car limits

Legislation in Massachusetts supported by General Motors would only let traditional auto makers offer self-driving ride-hailing services to the public.

FILE - In this Jan. 7, 2009 file photo, Joseph P. Kennedy II, Citizens Energy Corporation Chairman and President speaks during a news conference in Boston where he announced that Citgo ended the suspension of its free heating oil program for the poor, crediting Venezuelan President Hugo Chavez for his intervention to help keep the program going. Amid continuing economic turmoil, Venezuela skipped heating oil contributions to the Massachusetts-based nonprofit program during the winter of 2016-2017. (AP Photo/Bizuayehu Tesfaye, File)

Venezuela’s troubles imperil Kennedy’s oil charity

Citgo Petroleum Corp. again bows out of the program, which has helped hundreds of thousands of US residents.

BOSTON ,MA 04/ 18/ 2012 : CASINO......The owners and management of Suffolk Downs will discuss their plans for a resort development. ( David L Ryan / Globe Staff Photo ) SECTION: METRO TOPIC 06Suffolk

Suffolk Downs owners want to keep simulcasting races after track is sold

A group led by former Boston Redevelopment Authority director Tom O’Brien has signed a contract to buy the property.


Can science rob snakes of their deadliest weapon?

An unlikely cast of characters is trying to tackle the staggering toll of death and disability caused by snakebites worldwide.

17-story Seaport District tower sold for $447m

100 Northern Ave. was purchased by an investment arm of Deutsche Bank, according to a deed filed in Suffolk County.

Wednesday’s business agenda

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

Boston, MA 5/11/11 Putnam Investments is located at 1 Post Office Square. It is photographed, on Wednesday, May 11, 2011. (Pat Greenhouse/Globe Staff); Reporter: Todd Wallack; Section: Business; Slug: 15putnam Library Tag 05152011 Money & Careers

With new hire, Putnam betting investors will still pay for managed funds

Boston-based financial firm brings in well-known stock specialist David Diamond.

Tech Lab by Hiawatha Bray


Bray writes about technology for the Business section. His Tech Lab column appears on Thursdays.

Shirley Leung


Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.

Innovation Economy by Scott Kirsner


Kirsner’s Innovation Economy column appears in the Boston Sunday Globe, and he contributes to the Globe’s Beta Boston website.