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Innovation economy

The Kraft Group’s low-profile side: Investing in local startups

The Kraft Group’s investing in startups is what is called a “family office,” charged with putting the money of one very well-off family into fledgling companies, in the hopes of an above-market return. 2 hours ago

Sysco strike continues after talks break down

Drivers at Sysco Boston are demanding pay increases for all workers, a revived pension plan, and the assurance that they can remain on Teamsters Local 653 health insurance plan.

Boston’s Motional inks deal with Uber to put driverless vehicles on the road

The 10-year partnership is expected to create one of the largest fleets of autonomous vehicles for a major ride-hail network, the companies said.

More Americans apply for jobless benefits last week

Applications for jobless aid generally reflect layoffs, which have remained historically low since the initial purge of more than 20 million jobs at the start of the coronavirus pandemic in the spring of 2020.

Local 3D-printing startup to build new factory for mass production

Scheduled to open in the second quarter of 2024, the plant will be the first large-scale application of a new approach to metal printing that could make parts up to 100 times faster than existing systems.

Former Uber security chief guilty of data breach coverup

The former chief security officer for Uber was convicted Wednesday of trying to cover up a 2016 data breach in which hackers accessed tens of millions of customer records from the ride-hailing service.

Uber’s former security chief convicted of data hack coverup

Joe Sullivan was convicted of both charges against him, obstructing a government investigation and concealing the theft of personal data of 50 million customers and 7 million drivers.

In rebuke to West, OPEC and Russia aim to raise oil prices with big supply cut

Saudi Arabia and Russia, acting as leaders of the OPEC+ energy cartel, agreed on Wednesday to their biggest cuts in production in more than two years in a bid to raise prices, countering efforts by the United States and Europe to choke off the massive revenue Moscow reaps from the sale of crude.