fb-pixel

More business headlines


Longtime AMG chief Sean Healey dies at 59 after suffering from ALS

When Sean Healey was diagnosed with ALS two years ago, the investment executive swiftly set about raising tens of millions of dollars to find a cure.

Ginkgo raises $70 million to ramp up COVID-19 testing for employers, universities

The high-flying Boston company is teaming up with DNA-sequencing giant Illumina to try to deliver greater testing capacity.

Wall Street rally ends on fears about US-China tensions

The S&P 500 had been climbing for much of the day and was up as much as 1.1 percent at one point. But it all disappeared after President Trump said he’ll hold a news conference about China on Friday.

House votes to extend popular small business loan program

“The true emergency period has evolved over time and this bill addresses that,” said Steve Chabot of Ohio, the top Republican on the Small Business Committee. “The flexibility that this allows America’s small businesses is going to go a long way to address the concerns we have heard time and time again.”

Trump escalates war on Twitter, social media protections

The move appears to be more about politics than substance, as the president aims to rally supporters after he lashed out at Twitter for applying fact checks to two of his tweets.

Winston Flowers is closing three retail florist shops

Winston Flowers said Thursday that it would permanently close three of its retail florist shops, including one in Boston and two in the suburbs, citing economic losses incurred during the COVID-19 pandemic.


Layoffs are slowing, but ‘it’s going to take years to get these jobs back’

In Massachusetts, 185,000 people signed up for jobless benefits last week, pushing the total over the past 10 weeks to 1.4 million, or 38 percent of the prepandemic labor force.

US economy shrank at a 5% annual rate in the first quarter

The US economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter.

TALKING POINTS

Boeing to cut more than 12,000 jobs

Stories you may have missed from the world of business.

EU proposes 750 billion-euro coronavirus recovery fund

The world’s biggest trading bloc is entering its deepest-ever recession.

Anchor Phil Lipof departs NBC 10 Boston

Phil Lipof, a founding news anchor at NBC 10 Boston, saying he put his "heart and soul" into the job, has left the station after nearly three-and-a-half years, he confirmed Wednesday.

Galvin accuses Prime dealership chain owner of misleading investors

GPB is already facing heat from Prime’s former chief executive, David Rosenberg.

US passes 100,000 deaths from the coronavirus, marking a once-unthinkable toll

That number is the best estimate and most assuredly an undercount. But it represents the stark reality that more Americans have died from the virus than from the Vietnam and Korea wars combined.

THE FINE PRINT

‘Your Pandemic Unemployment Assistance Application has been processed.’ But you never applied

Tens of thousands of identity-theft cases have targeted state unemployment agencies across the country, apparently orchestrated by a network based in Nigeria.