Baby boomers beware: GOP’s Medicaid cuts could hurt you down the road

If the Republican plan to slash $834 billion from Medicaid goes forward, it could have a devastating impact on seniors with critical health needs.

Chief executive Tom Erickson, a longtime tech-industry leader, plans to step down from the job and become Acquia’s board chairman.

Bold Types

Changing of the guard at Boston’s Acquia

Acquia, a big Boston tech startup that sells software used to run corporate, government, and nonprofit websites, is looking for a new boss.

A runway at Logan Airport is closed to be fully resurfaced for the first time in 10 years.

Flight delays rise as Logan Airport rebuilds a runway

The number of delayed flights into and out of Logan airport increased substantially in the past week after one of the main runways was shut.

WASHINGTON, DC - MAY 04: (L-R) U.S. Rep. Kevin Brady (R-TX), President Donald Trump, Speaker of the House Rep. Paul Ryan (R-WI), House Majority Whip Rep. Steve Scalise (R-LA) and House Majority Leader Rep. Kevin McCarthy (R-CA) participate in a Rose Garden event May 4, 2017 at the White House in Washington, DC. The House has passed the American Health Care Act that will replace the Obama era's Affordable Healthcare Act with a vote of 217-213. (Photo by Alex Wong/Getty Images)

Evan Horowitz | Quick Study

GOP health care bill casualty? Insurers markets

Tying insurance to employment keeps people stuck in bad jobs and ensures that every recession brings a wave of newly uninsured people.

Latest Business headlines

Friday’s business agenda

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

3 tracks to be closed at Penn Station during repairs

Amtrak announced the work last month after two derailments and other major service disruptions highlighted the station’s aging infrastructure.

Hubway set for big expansion and year-round service

Boston expects to add more than 70 new stations and more are expected in Brookline, Cambridge and Somerville.

Stock indexes set records on 6th day of gains

US stocks climbed for the sixth day in a row Thursday amid strong first-quarter results from retailers.

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Could the future of Staples rest on a fat red button?

You could say the company is seeking an easy solution.


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05/09/2017 BOSTON, MA Dr. Sarah Bagley (cq) at the Boston Medical Center's CATALYST Clinic. (Aram Boghosian for The Boston Globe)


At this Boston Medical addiction clinic, many of the clients are teens

Dr. Sarah Bagley leads an effort to help young people — and their parents — who are at the breaking point.

According to CNBC, the price of a single bitcoin has recently soared to $2,200 from just $0.003 seven years ago.

Bitcoin soars: $100 in 2010 is worth $75 million today

So what’s driving the run up in price? President Trump, new legislation in Japan, and a recent global malware attack may all be factors.

Passengers store their electronic items in their suitcases and bags when arriving at the Casablanca-New York flight zone at Casablanca Mohammed V International Airport on Thursday, March 29, 2017. The U.S. and British governments, citing unspecified threats, are barring passengers on some international flights from mostly Middle Eastern and North African countries from bringing laptops, tablets, electronic games and other devices on board in carry-on bags. (AP Photo/ Abdeljalil Bounhar)

TSA will heighten electronics screening at some US airports

Passengers will be asked to send large electronics, including tablets, through X-ray screening separately from their carry-on bags.

Women CEOs earn big pay, but few of them have the top job

Women CEOs earned big bucks last year, but there’s still very few of them running the world’s largest companies.

FILE - In this Thursday, June 2, 2016, file photo, United Airlines CEO Oscar Munoz delivers remarks in New York, during a presentation of the carrier's Polaris service. United's annual meeting with shareholders takes place Wednesday, May 24, 2017. (AP Photo/Richard Drew, File)

As employees protest outside, United CEO assures shareholders at annual meeting

The CEO of United Airlines assured shareholders Wednesday that the company is doing all it can to be more customer-friendly.

Five accused of trading illegally on health policy leaks

Federal authorities charged five people with insider trading in shares of several health care stocks using confidential information passed on by a health care consulting firm.

General Electric chief executive Jeffrey Immelt said challenges in the oil industry and in equipment pricing means the company will have to stretch to meet a goal of earning $2 a share next year.

GE’s Immelt sees challenge in Trian profit goal

General Electric Co. CEO Jeffrey Immelt, under pressure from activist investor Trian Fund Management to boost profit, is giving shareholders little reason for optimism. 

People walked past the Marriner S. Eccles Federal Reserve Board Building in Washington, D.C.

Fed sounded note of caution at last meeting on raising interest rates

The account of the Federal Reserve’s early May meeting, which the Fed published Wednesday, suggested the decision to raise interest rates in June still hangs in the balance.

Trump wants $108M for deeper ports, including Port of Boston

President Donald Trump wants $108 million to help two US seaports, including the Port of Boston, deepen their harbors.

US stocks extend gains to a 5th day

Stocks rose on news the Federal Reserve plans to start reducing its huge portfolio of bonds.

Thursday’s business agenda

Summits, office hours, and more notable events and things to know.

Novartis eliminating 11 data jobs in Cambridge

Pharmaceutical giant Novartis AG will cut 11 data management and statistical programming jobs in Cambridge as part of a broader restructuring that will consolidate data operations for the company’s global drug development business in Hyderabad, India.

Thailand's King Vajiralongkorn Bodindradebayavarangkun addresses the audience at the royal ploughing ceremony in Bangkok, Thailand, Friday, May 12, 2017. The annual event marks the beginning of the growing season in Thailand for rice. (AP Photo/Sakchai Lalit)

hiawatha bray | TECH LAB

How other countries are trying to censor the Internet

There’s reason to worry about increasing efforts to block certain content outside the US.

A concept drawing of a train yard the Massachusetts Department of Transportation is considering for Widett Circle. Boston Mayor Martin Walsh wants to see the area, now home to food wholesalers, redeveloped into a new neighborhood.

Plans to redevelop Widett Circle could collide with need to park trains

The owners of Widett Circle would like to see the property become Boston’s next hot new neighborhood. Unfortunately for them, state officials want to park trains there.

The three new mutual funds are “ obviously fairly sophisticated instruments,’’ said Scott C. Sipple, head of Global Investment Strategies at Putnam.

Putnam unveils three ‘alternative’ mutual funds

It’s the latest move by the Boston-based investment firm to adapt to customers’ changing preferences.

hand of business person holding smartphone.


You can sound off to the FCC about ‘ringless voicemail’

The agency is accepting comments on a new wave of businesses that send messages directly to cellphone mailboxes.

04/22/2016 -Boston, MA- Uber driver Dean Johnson (cq) waits for a customer outside South station in Boston, MA on April 22, 2016. (Craig F. Walker/Globe Staff) section: metro reporter:

Uber wants ‘swift’ changes to Massachusetts background checks

The state has rejected more than 10,000 drivers who previously passed separate background checks by Uber and Lyft.

An Uber driver helping a woman into the car in New York.

Uber admits it underpaid tens of thousands of New York City drivers

The drivers will now collect an average of $900 each in reimbursements, which includes interest on the lost earnings.

BOSTON, MA - 5/30/2014: The Boston Convention and Exhibition Center is the largest exhibition center in the Northeast United States, with some 516,000 square feet of contiguous exhibition space may be allowed to get BIGGER AERIAL (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC

Shirley Leung

A real turf war is brewing in Southie

If you want to rile up Boston Mayor Marty Walsh, ask him about the expansion of the convention center in South Boston.

Labor Secretary Alexander Acosta said his department will seek public input on how to change the fiduciary rule.

Obama-era rule on financial advisers to go forward, for now

The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments.

Stocks claw back more lost ground with 4th straight gain

Stocks continued to recover the ground they lost last week. Major indexes approached record highs.

Wednesday’s business agenda

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

WASHINGTON, DC - MAY 04: House Speaker Paul Ryan (R-WI) (2nd-L) listens as U.S. President Donald Trump congratulates House Republicans after they passed legislation aimed at repealing and replacing ObamaCare, during an event in the Rose Garden at the White House, on May 4, 2017 in Washington, DC. The House bill would still need to be passed by the Senate before it could be signed into law. (Photo by Mark Wilson/Getty Images)

Study says GOP plan would be blow to Mass.

Massachusetts could see its uninsured rate jump above 10 percent if the sweeping health care bill approved by the US House becomes law.

A Target breach exposed many shoppers’ credit card data.

Target pays $18.5 million to settle 2013 data breach case

Massachusetts will receive $625,000 of the settlement.

A rendering of the proposed development at 89 Brighton Ave. in Allston.

Allston apartment development approved by ZBA

A contentious apartment development in Allston won the blessing of a key city board on Tuesday.

Home prices keep climbing as sellers stay on the sidelines

shortage of homes on the market continued to make life tough for would-be homebuyers in April, driving prices up and sales down across Massachusetts.

Abigail Johnson, Fidelity Investments chairman, spoke at a New York tech conference Tuesday.

Abby loves bitcoin: Fidelity chief touts digital currency in first major speech

Abigail Johnson said digital currency has potential to greatly improve the process of financial transactions.

This undated photo provided by Biogen shows new signage in front of one of the biotechnology company's buildings in Cambridge, Mass. Biogen Idec Inc. is shortening its name to just Biogen as of Monday, March 23, 2015. (AP Photo/Biogen)

Biogen spinoff will pay $400m for Calif. drug developer

A hemophilia drug company spun off by Biogen Inc. said it will pay $400 million upfront to buy a California company.

Bain Capital raises $720 million for life-sciences fund

It will invest in companies that are working on cures for diseases.

Ford Motor Co. chief executive Mark Fields’ days may be numbered.

Ford replaces chief executive Mark Fields

Jim Hackett, who has been leading the automaker’s moves into self-driving cars and ride sharing, takes over.

A full version of the Trump administration’s proposed budget, containing extensive cuts to Medicaid, public health program, and medical research, was posted briefly on the Internet Monday before it was taken down.


Trump budget proposes huge cuts to Medicaid, public health, and biomedical research

That blueprint prompted harsh blowback from scientists and public health professionals alarmed by the potential long-lasting damage of such dramatic reductions in funding.

Asian shares drift as blast in Britain rattles investors

“The latest development in Manchester threatens to derail the positive lead for markets in the Asia-Pacific region,’’ said an analyst.

Michel Barnier, the European chief Brexit negotiator said Monday that “we need to settle the accounts, and that’s a question of trust between us to build our future relationship.”

EU approves tough Brexit talks stance, demanding UK pays

The European Union is refusing to discuss a future trading arrangement until there is agreement on other key topics.

The GE-Alstom wind farm off Block Island, R.I.

GE faces probe over suspicions it misled EU in $1.7 billion deal

General Electric Co. is the latest US company to be investigated by the European Union for possibly turning in misleading information during a merger review.

Citigroup agrees to $97.4m settlement in money laundering inquiry

Citigroup employees had, for years, suspected that millions of dollars that the bank was moving to Mexico might be suspicious.

The Beetle Cat, a sailboat that was first designed and built in 1921, is again ready for summer.

A New England classic approaches a century of sailing

The wooden Beetle Cat is little changed from its original design.

Ford ousts Fields as CEO and installs Hackett

The company vowed to catch up in the race to build self-driving cars and define a new era in personal mobility.

Bold Types

Boston Landing’s secret weapon

New Balance chairman Jim Davis had the vision to redevelop the 15 acres he acquired several years ago in this section of Brighton overlooking the Mass. Pike. But it’s Keith Craig’s job to turn that vision into a reality.

Tuesday’s business agenda

Classes, office hours, and more notable events and things to know.

Scott Solombrino, a spokesman for Ride Safe Massachusetts, said drivers with felony convictions should not be alone with riders.

New ride-hailing rules under criticism

Business groups and social justice advocates say new background checks overreach by disqualifying too many drivers with minor offenses.

UMass Memorial Medical Center revises plans to cut psychiatric beds

Mental health advocates still oppose the Worcester hospital’s plan to close 13 beds.

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.