Startup pitches lower-cost solar power, religiously

Resonant Energy is at home in the annex of a Dorchester church.

Flagship Pioneering CEO Noubar Afeyan (left) and the venture capital firm’s chief medical officer, Michael Rosenblatt.

Flagship Pioneering raises $824m in VC round, its most ever

The Cambridge firm said the money will be used to further boost companies it’s already launched.

Shane Taremi’s “Woman in Blue” — architectural subjects paired with visual elements meant to provide a sense of scale, like pedestrians in the foreground — was one of the works selected for display.

Storefronts go from empty to artistic

Cities across the country are trying to figure out what to do with the empty storefronts. Cambridge has turned to something popular elsewhere: ad-hoc art galleries.

WASHINGTON, DC - JANUARY 30: Federal Reserve Board Chairman Jerome Powell pauses during a news conference after a Federal Open Market Committee meeting January 30, 2019 in Washington, DC. The Fed has decided to leave interest rates unchanged. (Photo by Alex Wong/Getty Images)


There’s a lot riding on today’s Fed meeting. Here’s what you need to know

Federal Reserve Chairman Jerome Powell must walk a fine line today as he lays out his view of the economy.

Latest Business headlines

Chesto Means Business | Jon Chesto

State tax credits help cosmetic laser maker establish new HQ in Marlborough

The Economic Assistance Coordinating Council approved $500,000 in state tax credits on Wednesday for Candela, a maker of cosmetic lasers, to help offset its relocation costs. City officials previously agreed to kick in property tax breaks valued at nearly $280,000.

Fed holds interest rates steady, predicts no increases this year

The Federal Reserve expressed increasing concern about slowing economic growth and showed little appetite for raising rates in the near future.

Google fined $1.7b by EU for unfair advertising rules

European authorities on Wednesday fined Google about $1.7 billion for antitrust violations in the online advertising market.

Watertown 3-D printer company raises $82 million in venture funding

Markforged makes 3-D printers that use either carbon fiber or metal powders as raw materials.

Fed news sends bond yields lower; stocks end day mixed

Banks led US stocks mostly lower Wednesday after a brief rally sparked by the Federal Reserve’s latest policy update faded. The real action centered on the bond market.


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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.


// China is reviving a discredited AIDS immunotherapy — for cancer

Injections of malaria parasites, a discredited AIDS treatment once promoted by the father of the Heimlich maneuver, is being tested in China as a cancer immunotherapy.

More Business headlines

A demonstration shows off technology developed by ClearMotion, which makes

Here’s what it’s like to drive a car with a Mass.-made suspension that eliminates bumps

As another crop of potholes emerges, ClearMotion wants to transform the experience of driving over them.

Jerome Powell, chairman of the U.S. Federal Reserve.

Federal Reserve foresees no interest rate hikes in 2019

The Federal Reserve forecast no rate increases at all this year, a big change from its forecast just three months ago.

EU Commissioner of Competition Margrethe Vestager gave a joint press conference from the EU headquarters in Brussels Wednesday.

EU fines Google $1.7 billion for abusing online ads market

European Union regulators have hit Google with a $1.68 billion fine for abusing its dominant role in online advertising.

FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney closed its $71 billion acquisition of Fox’s entertainment assets on Wednesday, March 20, 2019, more than a year after the mega merger was proposed. Disney gets far ranging properties ranging from Fox’s film studios, including “Avatar” and X-Men, to its TV productions such as “The Simpsons” and networks including National Geographic. (AP Photo/Richard Drew, File)

Disney closes $71B deal for Fox entertainment assets

The deal paves the way for Disney to launch its streaming service, Disney Plus, due out later this year, and will also likely lead to layoffs in the thousands.

Former Boston Red Sox pitcher Curt Schilling moved his 38 Studios from Massachusetts to Rhode Island in 2010.

Wells Fargo agrees to pay $800K in Schilling video game deal

Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island’s failed $75 million deal with former Boston Red Sox pitcher Curt Schilling’s video game company.

Tax on high-end real estate sales could generate hundreds of millions for Boston

The proposed tax could yield an enormous amount of money for affordable housing, but could dampen the market and faces a long road to approval.

US stocks give up an early rally, ending winning streak

US stock indexes closed mostly lower Tuesday after a late-afternoon splash of selling erased early gains, ending a weeklong rally.

Facebook to end targeted ads for jobs, housing, loans after bias complaints

A settlement compels Facebook to withhold a wide array of detailed demographic information — including ZIP codes, gender, and age — from advertisers.

The Boston skyline.

Boston, LA offer best property returns as US economy slows, expert says

Investors in US commercial real estate should look at cities where business is booming rather than take riskier bets as the economy slows, one expert says.

Senator Elizabeth Warren has made antitrust action against online giants Facebook, Google, and Amazon a cornerstone of her presidential campaign.

Hiawatha Bray | Tech Lab

Break up Big Tech? The senator’s plan has plenty of precedent

The US government has often used antitrust law to keep technology companies in check — to the benefit of consumers and the economy.

Former Boston Red Sox pitcher Curt Schilling departed the Rhode Island Economic Development Corporation headquarters in Providence, R.I., in 2012.

Wells Fargo agrees to $800,000 penalty in 38 Studios case

Wells Fargo Securities agreed to pay the civil penalty to settle a lawsuit over Rhode Island’s failed $75 million deal with Curt Schilling’s video game company.

Amazon founder Jeff Bezos.

National Enquirer reportedly paid $200,000 for private Bezos texts

The Wall Street Journal reported the tabloid’s publisher paid that sum to the brother of Jeff Bezos’s lover for the intimate texts.

Utility safety becomes Ray LaHood’s top priority

As a longtime D.C. denizen, Ray LaHood knows all about Beltway politics. Massachusetts politics? That’s another story, although he is about to get a bit of a crash course.

Boston, MA--11/2/2015--Incumbent City Councilor Michelle Wu (cq) campaigns for re-election at the Victoria's Diner (cq), on Monday, November 2, 2015. She speaks with Brian Curr (cq) of the South End. Photo by Pat Greenhouse/Globe Staff Topic: 03council Reporter: Andrew Ryan

Boston makes its move into electricity purchasing for its residents and businesses

The city of Boston has proven to be an elusive grand prize among electricity brokers, but a Marlborough firm finally won the jackpot.

Workers at GM’s Lordstown, Ohio, plant rallied earlier this month before it was closed.

Trump rebukes General Motors and union over idling of Lordstown plant

In a Twitter barrage, the president called on the carmaker and the United Auto Workers to start talks that would put an Ohio factory back to work.

Probe of FAA’s oversight of Boeing 737 began before second crash

Probe of FAA’s oversight of Boeing 737 began before second crash

Energy companies lead modest gains for US stock indexes

Stock indexes finished modestly higher Monday, extending the market’s solid gains from a rally last week.

The ride-hailing company is based in San Francisco.

Lyft begins IPO road show, offers 30 million shares to public

Lyft kicked off the road show for its initial public offering, putting 30 million shares up for sale Monday with an anticipated price of $62 to $68 per share.

Kevin Tsujihara, former chairman and CEO of Warner Bros. Entertainment.

Warner Bros.’ Tsujihara steps down following scandal

Warner Bros. chief Kevin Tsujihara is one of the highest ranking executives to be felled by sexual misconduct allegations.

Izaz and Irum Haque.

Sean P. Murphy | The Fine Print

A single inch results in an $850 shipping penalty from UPS

UPS informed Irum Haque that the length of the box she shipped wasn’t 48 inches, as she had measured; it was 49. How much more for one extra inch? $850.

Dr. Steve Paul, chief executive of Karuna.

Boston biotech working on schizophrenia treatment raises $68 million

Karuna Therapeutics says its drug would minimize side effects.

Akamai Technologies says most of the jobs cut were from offices outside Massachusetts.

Akamai cuts 140 jobs as it seeks to boost security business

Akamai said less than 30 of the positions were in Massachusetts, where it has offices in Cambridge and Westford.

Arun Buduri is building a cybersecurity startup called Pixm, with offices in New York and Waltham.

Scott Kirsner | Innovation Economy

Anti-phishing startup is looking to reel in corporate clients

Pixm hopes to capitalize on the need for better cybersecurity.

Roxbury 02/27/19- The show, Seniors on the Move was recording one of their programs in the studios at BNN. Photo by John Tlumacki/Globe Staff(business)

Cable access stations are facing a financial reckoning

Community television stations are contending with industry trends and regulatory changes that are threatening their financial support.

Harvard Pilgrim’s new CEO seeks to improve insurer’s health

Michael Carson has helped to engineer a financial turnaround, but big challenges remain.


How college-admissions scheme exploited tax code to hide bribes

The families involved are accused of getting a tax deduction for their illicit payments.

This apartment building, Nova at 1500 Hancock St., is under construction in Quincy Center.

Compared to other states, Mass. lags in move for more housing

Even incremental legislation that aims to make it easier for towns to change their own zoning has proved to be a challenge.

Mourners paid their respects Saturday at a makeshift memorial in Christchurch, New Zealand, near one of the mosques attacked on Friday.

Hiawatha Bray | Tech Lab

New Zealand shooting video underscores Facebook’s problems

It’s far from the first act of violence transmitted over Facebook Live. How is it that a company as smart and as rich as Facebook wasn’t ready for the next one?

CEO Elon Musk unveiled the new Tesla Model Y Thursday.

Tesla Model Y, a new SUV, unveiled amid mounting challenges

Tesla has unveiled a seven-seat compact sport-utility vehicle called the Model Y, in its latest effort to broaden its product range while contending with problems on a number of fronts.

This photo taken on March 12, 2019 shows a worker transporting bottles of soymilk at a factory in Nanning in China's southern Guangxi region. - China's industrial output slowed during the first two months of the year as unemployment rose, official data showed on March 14, while some indicators showed a slowdown in the world's second largest economy stabilising. (Photo by STR / AFP) / China OUTSTR/AFP/Getty Images

China’s premier acknowledges economic slowdown, promises tax cuts

China’s second highest official addressed the “downward economic pressure” the country has been facing and tried to quell concerns that Chinese techonology companies are spying on other countries.

Senate President Karen E. Spilka

Chesto Means Business

Karen Spilka seeks business help on ambitious agenda

The Senate president told the state’s largest employer group that she wants input as her team tackles the big issues.

Bono (second from right) and TPG’s Bill McGlashan (far right) appeared at a panel at the World Economic Forum in Davos, Switzerland, in January.

Larry Edelman | Commentary

Bono’s partner in ethical investing falls from grace in admissions scandal

Bill McGlashan took socially responsible impact investing to the next level with the $2 billion Rise Fund. Now he’s lost his job for allegedly paying $300,000 in bribes to get his son into college.

Then Volkswagen CEO Martin Winterkorn in 2014.

SEC charges Volkswagen, former CEO, with defrauding investors during emissions scandal

US Regulators are charging the company and former CEO Martin Winterkorn with defrauding American investors during its emissions scandal.

Office tower OK’d for Hood Milk plant site in Charlestown

It’s a major step toward redevelopment of the large tract between Rutherford Avenue and Interstate 93.

Tufts dining hall workers authorize strike

If a strike is called, 175 cashiers, dishwashers, grill cooks, bakers, and sous chefs will walk off the job in a fight for higher wages, lower healthcare costs, and better job protections.

Chris Cox, chief product officer at Facebook, holds a Mevo camera with integrated Facebook Live streaming during the Facebook F8 conference in San Francisco, California April 12, 2016. REUTERS/Stephen Lam

Facebook’s top product executive, Chris Cox, is leaving, the highest-level departure in years

Cox is a longtime confidant of chief executive Mark Zuckerberg. His departure comes months after he was promoted in a major reorganization.

With the SpotOn collar, wherever the dog goes, so goes the ability to set up a virtual barrier.

With SpotOn, dogs are fenced in invisibly — anywhere

OnPoint Systems says that because its SpotOn device is built into a dog’s collar, wherever the dog goes, so does its invisible electronic fence.

Governor Chris Sununu of New Hampshire has asked for a task force that would study offshore leasing proposals.

Chesto Means Business | Jon Chesto

Offshore wind industry could come to Gulf of Maine

EnBW becomes the first offshore wind developer to publicly show an interest in developing waters near the New Hampshire coastline.

The Hudson Yards complex in Manhattan opens Friday.

The stakes are high for Chris Himmel’s new venture in NYC’s Hudson Yards project

Grill 23’s Himmel is about to open a risky venture in New York’s Hudson Yards megaproject. He’s the developer’s son, but he’s trying to make a name for himself.

Question 1 on last fall’s statewide ballot would have set strict limits on the numbers of patients assigned to nurses working in Massachusetts hospitals. The nurses union has long supported such limits and argues that they’re necessary for patients to receive safe care.

Labor board cites hospital for infringing on nurses’ rights during ballot campaign

The National Labor Relations Board settled allegations of unfair labor practices with Heywood Hospital in Gardner.

Boeing 737 Max jets could be grounded into April, lawmakers said Thursday.

US may keep Boeing 737 Max jets grounded for weeks

The passenger jets could remain grounded in the United States at least through April, House lawmakers said.

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.