After winning island vacation in silent auction, family feels taken

When they arrived at the Dominican resort, they were told they owed almost $10,000 more upfront for food and drink and could not check in until they paid up.

Aetna settles with state over ‘ghost networks’

The health insurer has agreed to vastly improve information for consumers, after an investigation by the Massachusetts attorney general found that its provider directories are inaccurate and deceptive.


The grueling, messy, and lucrative work of lobster processing

Maine’s lobster processing industry has been thriving in recent years. Since Shucks Maine Lobster opened in 2006, the lobster catch in Maine has nearly doubled, as has its value.

Talking Points | Larry Edelman

Ten years later — The Madoff legacy? ‘No one remembers a thing’

It was just a few months after Bernie Madoff’s Ponzi scheme blew up that the stock market bottomed out and began what many consider the longest bull market on record.

Latest Business headlines


Who needs Amazon? We’ve got Wayfair

State officials are going back to the tax-credit well for Wayfair — the online seller of furniture and other home goods that is growing at a breakneck pace in Boston.

With new board in place, CBS will decide on Moonves’ exit pay after scandal

The newly elected CBS board faces daunting tasks: deciding whether former CEO Les Moonves gets a $120 million exit package following a sexual-misconduct investigation.

Trump administration to step up pressure on China

The Trump administration is planning a series of actions this week targeting China’s trade, cyber, and economic policies.

Google is now in the congressional spotlight as CEO Sundar Pichai testifies on Capitol Hill

Google is now in the congressional spotlight as CEO Sundar Pichai testifies on Capitol Hill

Wild ride to nowhere: Stocks rise, fall, then end the day where they started

Stocks careened between big gains and losses on Tuesday, the latest dizzying run for a market that’s been dominated by turmoil in recent months.


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// The 2018 Top Places to Work in Massachusetts

These 128 businesses have the happiest employees in the state. Here are sortable lists of the winners, and how we compiled them.


// Will Democrats in Congress keep the door open for pharma — or slam it?

Current and former staffers and lobbyists connected to the industry said PhRMA is struggling to preserve its clout.

More Business headlines

Business agenda

A social media panel, a holiday party, and other events and things to know.

Google CEO Sundar Pichai testified Tuesday before the House Judiciary Committee.

OK, Google, which side are you on? CEO is grilled by House committee

Google’s Sundar Pichai faced tough questions from Republicans and Democrats in his first congressional appearance.

Siding with Qualcomm, the court may block the sale of certain iPhone models in China.

Chinese court says Apple infringed on Qualcomm patents

The court ruling is the latest turn in the two companies’ fight over Apple’s use of Qualcomm technology in iPhones.

Google’s revelation could sharpen the scrutiny of CEO Sundar Pichai when he testifies to Congress on Tuesday.

Google reveals new security bug affecting more than 52 million users

Google reveals new security bug affecting more than 52 million users

Business agenda

A salary negotiation workshop, office hours, and other events and things to know.

Fidelity widens its lead in cash business by adding $50 billion

Fidelity Investments is dominating a business that is thriving even as stocks and bonds struggle.

Carlos Ghosn, 64, remained in detention in Tokyo, where he has been held since being arrested Nov. 19.

Ghosn, ex-Nissan chief, and Nissan are charged with misstating his pay

TOKYO — Prosecutors in Japan on Monday indicted Carlos Ghosn, the former chairman of Nissan Motor, and the auto company itself on charges that they had violated financial laws by underreporting Ghosn’s compensation.

SNOW SLIDER4 East Boston, MA -- 3/13/2018 - A man walked past an empty ticketing area for Delta at a deserted Logan Airport after a Nor'easter cancelled the majority of flights. (Jessica Rinaldi/Globe Staff) Topic: Reporter: snow storm nor'easter blizzard


Delta plans massive expansion at Logan, will reclaim most all of Terminal A

Delta unveiled ambitious plans on Monday to fulfill the pledge its chief executive made last year, plans that will make Logan the airline’s fastest-growing airport in 2019.

Harper Oates smiled widely next to “Fearless Girl” on Monday.

Brookline mom, daughter helped make ‘Fearless Girl’ more accessible at new site

Six-year-old Harper Oates’ heavy wheelchair made it impossible for her to get close at the statue’s former location.

James Denaro, right, talks stock prices at the New York Stock Exchange, Monday, Dec. 10, 2018. (AP Photo/Mark Lennihan)

Dow closes up 34 points after a 500-point loss in earlier trading

Stocks ended another bumpy day slightly higher as gains by big technology companies helped the market erase an early plunge.

JD Sherman


No blarney: Kid who grew up fond of Ireland now helps run a big office there

JD Sherman had no way of knowing he would someday run a company, HubSpot, that will soon employ more than 1,000 people in his grandparents’ homeland.

The Fearless Girl statue is unveiled at her new home facing the New York Stock Exchange (NYSE) during an event on December 10, 2018 held by the city of New York and State Street Global Advisors. (Photo by TIMOTHY A. CLARY / AFP)TIMOTHY A. CLARY/AFP/Getty Images

‘Fearless Girl’ statue gets new permanent home

The bronze statue that inspired millions with a message of female empowerment has a new permanent home in front of the New York Stock Exchange.

Bernard Madoff.

Talking Points | Larry Edelman

Bernie Madoff and the coming stock market apocalypse

After a tumultuous couple of months, it feels like our good luck is about to run out. Is it?

Former Nissan Motor Co. Chairman Carlos Ghosn in a news program on Monday in Tokyo.

Prosecutors in Japan indict Carlos Ghosn and Nissan

Tokyo prosecutors have charged Nissan's former chairman Carlos Ghosn, another executive and the automaker itself for allegedly underreporting income.

In 2016, Mylan CEO Heather Bresch testified before Congress about EpiPen price increases.

Amid suspicions of price-fixing, probe of generic industry grows to 300 drugs

What started as an antitrust lawsuit brought by states over just two generic drugs in 2016 has exploded into an investigation of alleged price-fixing involving at least 16 companies and 300 drugs.

A sign in the offices of Lean In. Sheryl Sandberg’s message largely won over the feminist mainstream, and she became one of its best-known leaders.

Lean In movement may have a Sheryl Sandberg problem

Amid a flurry of damaging headlines surrounding the Facebook executive, the organization is trying to figure out how independent it can become from the Sheryl Sandberg brand.

The week ahead in business

Holiday parties, innovation showcases, and other events and things to know.

This year’s opening of the MGM Springfield casino is one of the positive developments in Springfield.


New bank may be a sign things are looking up in Springfield

Is it another sign that Springfield’s economic renaissance has finally taken hold?

Average US price of gas drops 22 cents per gallon in 3 weeks

The national average for a gallon of gas is $2.51, according to the Lundberg Survey.

Huawei Technologies executive Meng Wanzhou (right) and her translator are depicted during a court hearing Friday in Vancouver.

China protests Canada’s detention of Huawei executive

The country warned of “grave consequences” if Meng Wanzhou is not released.

Uber said to file for initial public offering

Bankers have told Uber that the ride-hailing company could be worth $120 billion.

A recently completed luxury condo building on Washington Street in Union Square sits alongside the neighborhood's stock of older apartment buildings in Somerville.

Forming a more perfect Union Square

The Somerville square is teetering on the edge of a $1.5 billion overhaul. When it’s done, the neighborhood will be more modern — and likely more expensive.

Lance Armstrong’s financial prospects looked bleak. Then his investment fund bought into Uber.

How Lance Armstrong made a boatload on one investment

The cyclist’s prospects looked bleak after a 2013 interview where he admitted to doping while dominating the sport. Then his investment fund bought into Uber.

Automated garages, which can tightly stack cars, are coming to two Boston developments.

Stack my car, please, my good robot

Two new Boston complexes aim to maximize space in parking garages through automation.

Tesla may consider buying idle General Motors plants

It’s the second automaker in two days to step up with possible job-creating moves as GM takes political heat for cutting workers.


Cambridge biotech’s record-setting IPO slumps in its debut

Moderna Therapeutics watched its share price slip within hours of pulling off the biggest initial public offering in biotech history. Shares were down 19 percent by the time the markets closed.

Chinese executive facing US extradition appears in court

A top Chinese telecommunications executive facing possible extradition to the United States appeared in court Friday as she sought bail in a case that has rattled markets and raised doubts about the United States being able to reach a truce in its trade war with China.

Stocks close down more than 550 points, continuing a dismal streak for markets

US stocks fell sharply Friday, erasing an early gain, as the market closed in on its third weekly decline in four weeks.

Marlboro maker places $1.8 billion bet on marijuana

Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday.

National Wholesale Liquidators, a discount department store in Dorchester, is closed.

Dorchester loses two discount department stores, leaving a gaping hole behind

The rapid succession of discount store closures has many residents concerned about what stores might come to fill in those gaps, and whether they’ll continue to offer affordable options for the working-class and low-income families who live nearby.

Eliot Buchanan, Plastiq cofounder and CEO, and Chief Technology Officer Trevor Brosnan at the company’s offices in San Francisco.


Some startups leave Boston, go west, and never look back. But this one is returning

There’s plenty of action out west, but lots of talent here, too.

The headquarters of Partners HealthCare in Somerville’s Assembly Row.

Partners HealthCare plans new outpatient clinics

Partners officials did not reveal how many new locations they plan to open, but they said the company would target busy suburban areas near major highway interchanges.

At the end of a tumultuous week, the modest, but steady, jobs gains reported for November should be welcome news on Wall Street.

Talking Points AM/Larry Edelman

The jobs report is good news — but Wall Street is still freaking out

The latest data weren’t enough to reassure investors fixated on the prospects of recession.

US hiring slowed to 155,000 jobs in November

Friday’s jobs report for November said the unemployment rate remained at 3.7%, nearly a five-decade low, for the third straight month.

The Boston Globe is among the tenants at 53 State St.

53 State St. tower is sold for $845 million

Among the building’s tenants: Hill Holliday, Acquia, and The Boston Globe.

An artist’s image of the newest version of the Dot Block development on Dorchester Avenue in Boston.

Dot Block project gets new team, new look

A long-delayed development that promises to reshape a key corner of Dorchester is moving forward again, with one of Boston’s best-known developers at the helm.

Ahead of IPO, Moderna’s valuation questioned

Moderna Inc.’s potentially historic stock-market debut on Friday is already attracting skeptics on Wall Street.

Fidelity is remaking its World Trade Center in the Seaport, and among the biggest changes is the closing of Commonwealth Hall.

Chesto means business

Fidelity plans big changes at World Trade Center complex

The mutual fund giant bet big on the Seaport in the 1980s and 1990s, when few other companies would, and it’s doing so again.

NEW YORK, NY - NOVEMBER 20: People stand in an Apple store in lower Manhattan on November 20, 2018 in New York City. Shares of Apple Inc. fell nearly 4% on Monday following reports that iPhone sales are slowing for the global technolgy company. (Photo by Spencer Platt/Getty Images)

Hiawatha Bray | Tech Lab

Apple’s holiday deals: a sign of weakness, or a clever move to boost revenue?

The company’s special rebate for trading in old iPhones might be a better deal for Apple than for consumers.

Lawyers for the Justice Department said the merger of AT&T and Time Warner could extract higher fees from rivals by threatening blackouts of channels. The AT&T lawyer said the company “has relinquished the source of leverage that the government identified.”

It’s not looking great for Justice Department’s appeal of AT&T-Time Warner merger

Lawyers for the Justice Department said the merger of AT&T and Time Warner could extract higher fees from rivals by threatening blackouts of channels.

Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on December 6, 2018 in New York. - Wall Street opened sharply lower Thursday, joining a global stocks sell-off after the arrest of a key Chinese executive at Washington's request revived worries over trade tensions. About three minutes into trading, the Dow Jones Industrial Average had fallen 2.0 percent, nearly 500 points, to 24,532.25. The broad-based S&P 500 sank 1.9 percent to 2,648.04, while the tech-rich Nasdaq Composite Index shed 2.2 percent to 7,002.02. (Photo by Bryan R. Smith / AFP)BRYAN R. SMITH/AFP/Getty Images

The Dow’s wild week explained

You’d be forgiven for asking, “What the heck is going on?” after the Dow went down, then up Thursday, after a tumultuous week.

Innovation Economy by Scott Kirsner


Kirsner’s Innovation Economy column appears in the Boston Sunday Globe, and he contributes to the Globe’s Beta Boston website.