An inheritance damaged by delayed property taxes

Barry Arntz thought he and his sister owned the house passed down to them by their deceased mother “free and clear” — no mortgages, no liens, no encumbrances of any sort.

The coastline of Marshfield days after a nor'easter hit in March.

Rising seas could mean 62,000 Mass. homes will face chronic flooding by 2060, report says

By 2060, many homes could flood 26 times or more a year just from high tides, according to data from the Union of Concerned Scientists.

ADVANCE FOR USE SUNDAY, APRIL 15 - In this Tuesday, April 3, 2018 photo, Dr/ Robert Pellerin works on polishing and contouring the teeth of a patient at his dental office in Virginia Beach. Va. Pellerin has been a dentist for 40 years and was diagnosed with idiopathic pulmonary fibrosis four years ago. Pellerin believes that early exposure to toxic materials prior to the use of protective face masks could be the cause of his disease and he shared his theory with the Centers for Disease Control and Prevention. (Kristen Zeis/The Virginian-Pilot via AP)

Delta Dental, dentists find common ground on payment rates

A year after sparring over payment rates, Massachusetts dentists and the state’s largest dental insurer have made peace.

Wayfair, anticipating rapid growth, leases more office space in the Back Bay

Wayfair, the fast-expanding online retailer, has signed a lease for another 395,000 square feet of office space in the Back Bay.

Latest Business headlines

SJC clears measure on nurse staffing ratio for November ballot

The ballot petition is backed by the Massachusetts Nurses Association.

Policy on cyberattacks gets more aggressive

The Pentagon has quietly empowered the US Cyber Command to take a far more aggressive approach to defending the nation against cyberattacks.

The week ahead in business

Networking, a conference, and other events and things to know.

US and China expand trade war as Beijing vows to match Trump’s tariffs

It’s the latest twist by a White House that has vacillated between taking a tough stance on Chinese trade practices and declaring that the trade war was “on hold.”

Evan Horowitz | Quick Study

Why regional economies still matter

New federal data show just how localized certain types of jobs can be.

Sponsored by Rockland Trust Bank

Flipping Wahlburgers across the country

Famous family's burger chain success is more comfort food basics than Hollywood sizzle.

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In a revolutionary place like Boston, innovators and innovations are as common as bad drivers. See who made our annual list.



Watch ‘Runnin’,’ a STAT documentary

“Runnin’,” now available for purchase on Vimeo, takes an intimate look at a group of friends in Somerville who came of age as the opioid epidemic took hold and morphed into a national nightmare. It retraces the lives of friends lost, and one last member of the group struggling to avoid the same fate.

More Business headlines


Before even an initial interview, do your homework

Be on time, have a resume handy, and be ready for questions about the company.

Fidelity Investments is based in Boston

Fidelity cuts fees on target-date funds

Fidelity Investments is also rolling out new offerings that combine active and passive strategies.

Kate Barrand is chief executive at Horizons for Homeless Children.

Five things you should know about Kate Barrand

At Horizons for Homeless Children she oversees a staff of 115 and more than 1,000 volunteers.


What would she do in these financial conundrums?

The columnist answers readers’ questions on how she would handle situations they find themselves in.

Elizabeth Holmes.

Theranos CEO Elizabeth Holmes charged with criminal fraud

Holmes, who reigned briefly as the world’s youngest female self-made billionaire, was criminally charged with defrauding investors along with the company’s former president.

Massachusetts Governor Charlie Baker.

Baker signs law to boost life sciences by $500 million over 5 years

The measure renews most of the legislation enacted under former governor Deval Patrick a decade ago.

Health center workers rally against layoffs

Dozens of fired workers and their supporters demonstrated outside the Whittier Street Health Center to protest what they say is retaliation for trying to organize a union.

Scott Kirsner | Innovation Economy

How Boston software maker PTC came back from the brink

What did PTC get right? This, after all, is a company that looked to be on the verge of extinction — or at least irrelevance — in 2003.

Matthew and Amy Varrell, owners of the Harvard Alpaca Ranch,  with two of their alpacas.


Running an alpaca ranch is almost too cute

For Matthew and Amy Varrell, there’s cash to be made from cuddly at their Harvard Alpaca Ranch.

People approached a Panera Bread restaurant in Natick.

Judge rules to send Panera peanut allergy case to jury

The case has important implications for restaurants and the nation’s intensifying battle over food allergies.

A parking lot on Long Wharf was one of many stretches of downtown Boston that flooded during a storm in January.

Boston has new rules to help buildings withstand climate change

Memories of the floods that turned downtown streets into rivers are still fresh, and city officials are now pushing developers to make Boston more resilient.

Mario Draghi, the European Central Bank’s president, suggested that policymakers could still ramp up stimulus if they feel the economy needs it.

Era of easy money for eurozone nears its end

The European Central Bank took a major step Thursday toward winding down life support for the eurozone economy.

Kate Strayer-Benton updated an open letter written in 2016 by two female biotech leaders, Karen Bernstein and Kate Bingham, after an earlier industry confab featured scantily clad models dressed as waitresses.

Shirley Leung

In 2018, there is no excuse for topless dancers at a corporate event

We’ve hit a new low when topless female dancers at a corporate gathering are considered as normal as cheap wine and bland hors d’oeuvres.

Senator Patrick Toomey wanted Congress to have a vote on CFIUS decisions.

Senate sides with Trump, votes down GOP plan to expand national security oversight

The vote was another instance of the Senate declining to assert authority over Trump administration decision-making on trade-related issues.

The exterior of the home.

For sale in Melrose: An uninhabitable, fire-ravaged home — for $650,000

A fire-ravaged home in Melrose was listed for nearly $600,000 and is about to go up in price after the sellers received multiple offers in just two weeks.

A worker checked wheel hubs of baby carriages to be exported at a factory in Hangzhou in China's eastern Zhejiang province.

Trump said to shape China tariff list to focus more on high tech

The White House has said the duties will be implemented “shortly” after the release of Friday’s list, though no date has been set.

FCC Chairman Ajit Pai.

FCC said to eye vote on ownership rules key to Sinclair deal

The Federal Communications Commission’s chairman has said rules limiting how many TV stations a company can own are too restrictive.

Massachusetts General is the largest hospital in the Partners HealthCare network.

Memo highlights tension between some Mass. General doctors, Partners HealthCare

Dr. Walter O’Donnell, who recently resigned from an executive committee at Mass. General, says doctors lack input in key decisions.

Pipe Fitter John Joyce at work at J.C. Cannistraro LLC’s new operation in South Boston.

Long-vacant waterfront building reopens as a construction company’s plumbing-HVAC center

A giant Art Deco structure in Boston’s Raymond L. Flynn Marine Park has sat empty for years. But a Watertown construction company will bring it back to life.

Stocks rise as economy strengthens, central banks step back

Stocks mostly rose Thursday as markets get accustomed to the idea of investing with less of a safety net from the world’s central banks.

Business agenda

Workshops in Adobe Illustrator, Google Analytics, and other events and things to know.

BOSTON, MA - 6/13/2018:Front entrance to the Midtown Hotel in the Back Bay .....A relic of a more auto-centric age, the Midtown Hotel's days are numbered as the Christian Science Church puts its Huntington Ave. site up for sale. (David L Ryan/Globe Staff ) SECTION: BUSINESS TOPIC 14midtown

Boston’s retro-style MidTown Hotel may give way to development

In what has become a neighborhood of swank hotels and sleek skyscrapers, the MidTown remains a reminder of a simpler Boston. But maybe not much longer.

Elon Musk.

Elon Musk to build 125 m.p.h. underground transit line in Chicago

The “Chicago Express Loop” would ferry passengers at speeds between 125 and 150 m.p.h. from the busy airport to the heart of the city, 17 miles away.

Federal Reserve Chair Jerome Powell arrives to a news conference after the Federal Open Market Committee meeting, Wednesday, June 13, 2018, in Washington. The Federal Reserve took note of a resilient U.S. economy Wednesday by raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases. The Fed now foresees four rate hikes this year, up from the three it had previously forecast. (AP Photo/Jacquelyn Martin)

Fed raises interest rates and foresees 3.6 percent unemployment

The Federal Reserve raised interest rates by a quarter of a percentage point Wednesday and signaled it will raise rates two more times this year, as Fed Chairman Jerome Powell proclaimed the U.S.

Bitcoin’s price was artificially inflated last year, researchers say

A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of bitcoin and other big cryptocurrencies last year, according to a paper released on Wednesday by an academic with a history of spotting fraud in financial markets.

Photo by Caleb Kenna Maple syrup at Maple Grove Farms of Vermont in St. Johnsbury, the largest packer of Pue Maple Syrup in the country. Thursday January 17. 2001 Library Tag 10122003 Ideas

A battle is happening over whether natural maple syrup has added sugar

Those two little words — added sugars — have set off a raging argument between the FDA and boutique producers of maple syrup and honey.

How a tax on millionaires could affect the minimum wage

An SJC decision could have a huge ripple effect on three potential ballot measures.

Waiters, waitresses, and other hospitality industry workers rallied at the State House Tuesday to seek a higher minimum wage.

How a tax on millionaires could affect the minimum wage

A Supreme Judicial Court decision could have a huge ripple effect on three potential ballot measures.

Germany hits Volkswagen with $1.2 billion fine

Even after Volkswagen was hit with billions of dollars in penalties in the United States over an emissions-cheating scheme that continues to unfold, the company remained mostly unpunished in Europe. That changed on Wednesday.

Tune in: Smarter Cities, Smarter Skills

The Boston Globe will host an evening discussion featuring two moderated sessions about how cities are grappling with the issues of disruptive technologies and their impact on the workforce. Watch a live stream, beginning June 8 at 5 p.m.

Apple to block access to port used by law enforcement

Apple announced Wednesday that it would block access to a port that law enforcement uses to crack into iPhones during criminal investigations, a move that could reignite debate over whether tech companies are doing enough to help authorities probing serious crimes.

UK Court rules in landmark gig economy case

A London plumber who claimed he was unfairly dismissed after years of working as a contractor has won a court ruling giving him employment rights, in a case seen as a key test of labor rules in the so-called gig economy.

Business agenda

Mortgage rates, breakfast with the attorney general, and other events and things to know.

Stocks slip after Fed says interest rates will rise faster

Stocks slipped after the Federal Reserve raised interest rates and said it expects to increase rates two more times by the end of the year.

John Polanowicz, chief operating officer of Steward Health Care System.

Steward Health Care voices opposition to Beth Israel-Lahey merger

John Polanowicz, the chief operating officer of Steward, says the deal would threaten community hospitals like those owned by Steward.

Report says minimum-wage workers can’t afford two-bedroom apartments anywhere in US

Report: A minimum-wage worker can’t afford a 2-bedroom apartment anywhere in the US

Comcast’s offer for 21st Century Fox sets up a battle of wills between two of the most dominant and deep-pocketed entertainment companies in the world — Walt Disney and Comcast.

Comcast makes $65 billion offer for 21st Century Fox, setting up bidding war with Disney

The move is expected to be the first of many attempts to buy up pieces of the entertainment world in the wake of AT&T’s decisive legal victory to buy Time Warner.


Topless women with company logos painted on their bodies danced at unofficial party during BIO convention

“Objectifying women — in this case, even physically branding them with sponsorship of companies in our industry — it just felt so wrong,” one attendee said.

City Council passes tough rules that limit Airbnb rentals

After months of debate, the city passed rules designed to sharply rein in Boston’s fast-growing short-term rental business and help ease the tight housing market.

FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. Investors are eagerly awaiting the updated economic forecasts the Fed will issue when its meeting ends Wednesday, June 13. (AP Photo/Carolyn Kaster, File)

Federal Reserve hikes key interest rate for second time in 2018

As widely anticipated, the Federal Reserve has raised its short-term federal fund rate — what banks charge each other — by 0.25 points to a range of 1.75 to 2 percent.

Stryker says it’s not talking to Boston Scientific about a takeover

Previous news reports said Stryker had approached the Marlborough-based company about a possible takeover.

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.