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Three social media CEOs face grilling by GOP senators on bias

The CEOs of Twitter, Facebook and Google are facing a grilling by Republican senators making unfounded allegations that the tech giants show anti-conservative bias.

Latest Business Headlines

Pandemic prompts business travel firm Lola to pivot into expense management software

Paul English’s venture takes a major detour, but it could pay off in the long run.

How Trump maneuvered his way out of trouble in Chicago

When his Chicago tower proved a disappointment, Donald Trump defaulted on his loans, sued his bank, got much of the debt forgiven — and largely avoided taxes on it.

Companies behind Etch A Sketch and Rubik’s Cube team up

Stories you may have missed from the world of business.

‘That’s going to be a huge savings’: Raytheon to reduce office space by up to 25 percent
The company’s CEO, Greg Hayes, said on an earnings call Tuesday that he envisions “the office of the future” to be a mix of in-person and remote work.

General Catalyst-backed SPAC files for a $500 million IPO
The special purpose acquisition company, or SPAC, is called Health Assurance Acquisition Corp., and it aims to raise $500 million in an initial public offering.

On the Street

Brockton offers a gateway to a new generation

The city’s resurgence has been a long time coming. As it arrives, many say it must make sure to include those who live in Brockton now.
Read more about Brockton in 'On the Street'

More business headlines

Why CarePort Health fetched $1.35 billion: It solves a big problem for patients

The Boston software company, led by Harvard alum Lissy Hu, aims to streamline patient care after a hospital stay. Health tech giant WellSky has acquired the firm from Allscripts and plans to expand its services.

Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11

Since the pandemic took hold in March, at least 18 large companies have rewarded executives with six- and seven-figure payouts before asking bankruptcy courts to shield them from landlords, suppliers, and other creditors while they restructured.

Stock indexes mostly lower a day after worst loss in weeks

The S&P 500 was down 0.3 percent in afternoon trading after earlier swinging between small gains and losses.

Utility says its equipment may have sparked California blaze

Fast-moving wildfires forced evacuation orders for more than 100,000 people and seriously injured two firefighters in Southern California on Monday as powerful winds across the state prompted power to be cut to hundreds of thousands to prevent utility equipment from sparking new blazes.

Leader of MassDevelopment leaving

Stories you may have missed from the world of business.

In Dunkin' deal, a restaurant giant sees a brand built to withstand the pandemic

Dunkin' Brands has proven its business model can outshine and outlast its independent coffeehouse rivals during the COVID-19 pandemic, and Inspire Brands is willing to pay a steep price for it as a result.

Legislature passes bill to send $1,800 in extra jobless benefits to previously ineligible residents

Governor Charlie Baker signed the legislation, which is intended to free up money from the federal government.

Dow plunges 650 points as coronavirus cases flare up, stimulus hopes fade

''Financial markets are getting a reality check, as investors come to terms with the failure of Congress to agree to a pre-election stimulus package and surging covid-19 cases,'' one commentator wrote.