Digital wallet firm’s travails offer a lesson: Put customers before merchants

Boston-based MCX’s one great idea was followed by several bad decisions.

shirley leung

Is the T ready for me to be a daily commuter?

Hundreds of Globe journalists are joining the ranks of T riders. Transportation secretary Stephanie Pollack says the system is ready.

TripAdvisor headquarters in Needham.

After a tip from TripAdvisor, FCC proposes its largest fine ever

The FCC is proposing to levy a $120 million fine, which would be the largest penalty in its history, on an alleged robocall scammer.

Dispatch Operations Analyst Ben Kane, right, works in EnerNOC's Network Operations Center. the company has expansion plans and a shift toward software. Josh Reynolds for The Boston Globe (Business, caffrey)

Boston energy management firm EnerNOC is sold for $300m

One of the state’s biggest independent companies in the clean-tech sector won’t be independent for much longer.

Latest Business headlines

MICHELLE SINGLETARY | THE COLOR OF MONEY

Confused by the new rule safeguarding your best interest on retirement advice? You’re not alone.

Despite a lot of pushback from some financial-services companies, a new rule should cut down on conflicts of interest in the advice given to investors about their retirement accounts.

ON THE JOB

Drones rising as valuable tool in commercial film industry

A veteran pilot has taken to the skies in a new way: flying commercial drones capable of carrying cinema cameras that shoot amazing shots at low altitudes.

Asics signs 10-year lease near South Station

The Japan-based apparel and shoemaker will run its new product creation and design lab from 125 Summer St.

SBLI deal too rich for banks, according to policyholder lawsuit

The life insurance company has proposed measures to enable it to convert to a mutual company owned by policyholders.

If the company wants to coach you, embrace it

Companies who hire coaches for their employees are making an investment in their future.

Sponsored by Rockland Trust Bank

Taking autism treatment above and beyond

The story of how one South Shore mom became a business owner and a life-changer.

This content was produced by Boston Globe Media in collaboration with the advertiser. The news and editorial departments of The Boston Globe had no role in its production or display.

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An afternoon recap of the day’s most important business news, delivered Monday through Friday.

Globe Magazine

Special section | Game Changers

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2017/05/11/BostonGlobe.com/Business/Images/gamechangershoriz-6383.jpg 51 bright ideas and breakthroughs for 2017

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

More Business headlines

With renovations on a major runway at Logan International Airport wrapping up this weekend, neighborhoods that have seen — and heard — more airplanes flying overhead should get some relief.

As Logan runway work ends, communities eagerly await plane noise study

Six weeks of runway closure have led to increased noise complaints in some Boston neighborhoods and suburbs.

Repligen agrees to buy Spectrum for $359 million

Waltham life sciences company Repligen Corp. said it agreed to pay $359 million to acquire Spectrum Laboratories Inc.

Comcast says technicians will come to your home at no cost if there’s a performance gap.

The Fine Print | Consumer Advocate

When it comes to Internet service, being passive does not pay

Being passive with your Internet service provider can lead to slower connections and wasted money.

Richmond mayor: Keep Confederate statues, but add context

The towering Confederate monuments in Virginia’s capital city shouldn’t be taken down, but instead should be supplemented with historical context about why they were built, Richmond’s mayor said Thursday.

Yellowstone Grizzly Bear to Lose Endangered Species Protection

HELENA, Mont. — After 42 years on the Endangered Species list, the Yellowstone grizzly bear — whose numbers have grown to more than 700 from fewer than 150 — will lose its protected status, the Interior Department announced Thursday.

Not quite half of American teens have had sex by 18. That’s actually low

American teens may be becoming more conservative about sex.

Tesla is in talks to set up a car factory in China

Tesla said it needed to set up more overseas factories to make cars that customers could afford. Such a strategy is a must in China, which charges steep tariffs for imported cars.

Friday’s business agenda

Presentations, classes, and more notable events and things to know.

GE chief executive Jeff Immelt listened during the

Outgoing GE chief Jeff Immelt met with Trump about drones, the ‘Internet of things’

Immelt was among two dozen executives from technology companies and venture capital firms to meet with the president Thursday.

Travis Kalanick may have resigned as Uber’s CEO - but he isn’t going away

Travis Kalanick may have resigned as Uber’s CEO - but he isn’t going away.

Qatar Airways can no longer fly to Bahrain, Egypt, Saudi Arabia, or the United Arab Emirates.

Qatar Airways eyes 10% stake in American Airlines

Qatar’s move reflects the broad ambitions of the carrier, which has grown from a small, regional player focused on the Middle East to a global carrier with flights to 150 destinations.

The discord among investors comes after a public-relations firestorm over the $600 price tag for Mylan’s allergy drug EpiPen.

Mylan shareholders reject drugmaker’s executive pay package

The vote marks the second time that a majority of investors have rejected the company’s pay program since Mylan first held advisory votes on executive compensation in 2011.

Staples CEO Shira Goodman has focused less on stores.

Staples may go private in $6 billion acquisition

Staples would at least get more flexibility to make CEO Shira Goodman’s vision of revenue growth a reality.

US stocks edge up slightly as oil prices stabilize

US indexes ticked higher Thursday after the price of oil stabilized.

Financial advisor with client.

CONSUMER ALERT

Technology is making elder financial abuse easier to commit

But it’s not always easy for a family member to intervene.

A planned extension of Broad Canal Way into the Volpe Site in Kendall Square. MIT Tuesday filed zoning plans for the 14-acre site, which will include up to 1,400 units of housing, office and lab space and street-level retail.

MIT plans massive project for Kendall Square

MIT will pay $750 million for the former Volpe Center site and plans up to 1,400 condo and apartment units, and lab, office, and retail space.

epa06040302 (FILE) Travis Kalanick, founder and CEO of Uber, delivers a speech at the Institute of Directors Convention at the Royal Albert Hall, Central London, Britain, 03 October 2014 (reissued 21 June 2017). According to reports on 21 June 2017, Kalanick has resigned as CEO of Uber amid pressure from shareholders. EPA/WILL OLIVER

hiawatha bray | tech lab

Don’t bet on a Steve Jobs-like vindication for Uber’s ousted CEO

The similarities between Apple’s founder and fired Uber founder Travis Kalanick get us only so far.

Thursday’s business agenda

Presentations, meetups, and more notable events and things to know.

Tesla replaces self-driving software lead in executive shakeup

Chris Lattner has departed after less than six months on the job, adding to ranks of executives leaving the carmaker.

FILE - In this April 29, 2014 file photo, Uber CEO Travis Kalanick arrives at the 2014 TIME 100 Gala in New York. Kalanick's mother died in a boat accident Friday evening, May 26, 2017, in Fresno County, the company said. Bonnie Kalanick, 71, died after the boat she and her husband, Donald, were riding hit a rock in Pine Flat Lake in the eastern part of the county, authorities said. (Photo by Evan Agostini/Invision/AP, File)

Uber’s wish list for new CEO is lengthy

Some experts believe Uber will look for an outsider with turnaround experience.

MEDFORD, MA - 4/25/2017 - Massachusetts Governor Charlie Baker speaks about the filing of an act relative to the harmful distribution of sexually explicit visual material at the Boston Latin Academy in MEDFORD, MA, April 25, 2017. (Keith Bedford/Globe Staff) mag_cat_trapper

Evan Horowitz | Quick Study

Baker’s health care fees seem like a solution in search of a problem

Governor Charlie Baker is still pursuing a fine for businesses whose employees use the state’s Medicaid program.

Rotation roulette lands on biotech as another sector spoils rout

Pacing gains were biotech firms, with rallies exceeding 3.8 percent in Regeneron Pharmaceuticals Inc. and Alexion Pharmaceuticals Inc.

Steep losses in its US nuclear power division, Westinghouse Electric, have put Toshiba in a struggle to survive.

Toshiba picks preferred bidder for microchip business

Toshiba’s plans still face a legal challenge by a US business partner.

Steve Conine (left) and Niraj Shah cofounded Wayfair.

Wayfair’s founders achieve billionaire status

The founders of Wayfair became billionaires after a revenue surge helped the online retailer’s value rise to a record.

Oil slips again, weighing on stocks

Energy stocks fell as oil dropped to its lowest price since last summer.

Rhode Island paid sick days debate heats up

The debate has led to competing claims over whether a sick leave mandate would help or hurt the local economy.

Bold Types

With two top hires, BJ’s looks to catch up on the digital front

BJ’S Wholesale Club isn’t exactly known for its e-commerce. But Chris Baldwin is hoping to change that.

The meeting Owl will ship in July.

Owl Labs unveils a new conferencing device

A new way to connect has a Boston-area origin.

Yes, George Clooney accidentally cofounded a tequila company — and it just sold for $1b

George Clooney never meant to go into the tequila business. But he did — and now a company is willing to pay handsomely to buy the Casamigos brand.

Syntimmune raises $50 million to advance drug programs

Four-year-old Waltham biotech Syntimmune Inc. said Wednesday it has closed a $50 million funding round that will enable it to press forward with its drug development programs, including clinical trials of its lead drug candidate to treat autoimmune diseases.

Uber chief executive Travis Kalanick will step down, according to The New York Times.

Uber CEO Travis Kalanick forced to resign

Kalanick previously said he was stepping aside on a temporary basis, but shareholders wanted him gone.

SoftBank president Ken Miyauchi, in a statement, called Cybereason’s products “truly amazing.”

Cybereason gets $100 million investment

Digital security provider Cybereason announced Wednesday that it had received a $100 million investment from SoftBank Corp. of Japan.

Credit: Annie Cavanagh. Wellcome Images

Biotech startup Rubius raises $120m to develop red blood cell technology

The funding will let Rubius step up work on its drug discovery technique, which genetically engineers red blood cells so they can produce drugs for a range of diseases.

Marijuana group says PNC Bank to close its accounts amid fears of a DOJ crackdown

The action is a sign of growing concerns in the financial industry that the Trump administration will crack down on the marijuana industry in states that have legalized it.

Governor Charlie Baker, who had been noncommittal about making a bold bet on biotech, has pledged $500 million to the life sciences.

SHIRLEY LEUNG

Charlie Baker is no longer a biotech holdout

Initially hesitant to use state money to help the industry, Baker came through with a $500 million package.

FDA approves new Shire drug for ADHD

Federal regulators Tuesday approved a new drug developed by Shire plc to treat attention deficit hyperactivity disorder in patients 13 years and older.

Wednesday’s business agenda

Workshops, classes, and more notable events and things to know.

STAT

For drug makers, it’s business as usual, despite furor over prices

The powerful pharmaceutical industry has managed to keep legislation free of any controversial policy changes.

FILE - In this Wednesday, March 15, 2017, file photo, an Uber car drives through LaGuardia Airport in New York. Uber is enabling passengers to tip its U.S. drivers with a tap on its r

In reversal, Uber adds option to tip drivers

Uber passengers in the Boston area should be able to tip their drivers in the app by the end of July.

Dentists accuse Delta Dental of violating nonprofit rules, seek investigation

A group of dentists at odds with the state’s largest dental insurer are accusing the company of violating nonprofit rules and engaging in anticompetitive behavior

Oil’s slide pulls stocks lower

US stock indexes retreated from their record heights Tuesday after a slump in the price of oil.

Tech Lab by Hiawatha Bray

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Bray writes about technology for the Business section. His Tech Lab column appears on Thursdays.

Shirley Leung

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Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.