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.

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.

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.

Latest Business headlines

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.


Technology is making elder financial abuse easier to commit

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

Boston-based 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.

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.


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// 51 bright ideas and breakthroughs for 2017

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More Business headlines

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.


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.


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.

FILE - This Friday, Nov. 21, 2014, file photo taken in Newark, N.J., shows smartphones displaying Uber car availability in New York. Uber is enabling passengers to tip its U.S. drivers with a tap on its ride-hailing app for the first time, part of a push to recast itself as a company with a conscience and a heart. Besides the built-in tipping option announced Tuesday, June 20, 2017, Uber is giving drivers an opportunity to make more money when passengers keep them waiting or don’t cancel rides within two minutes. (AP Photo/Julio Cortez, File)

Uber is testing in-app tipping in Seattle, Houston, Minneapolis

Another new change? Riders will be charged by the minute if they keep an Uber car waiting for more than two minutes.

Barr Foundation adds two new board members from outside family

The Barr Foundation, one of the New England region’s largest private philanthropies, has largely been a family-run affair since its creation in 1997. Now, that is changing.

Waltahm-based Parexel International Corp. is one of the largest companies performing contract research and managing clinical trials for drug makers.

Parexel sold for $5 billion to private equity firm

The Waltham-based operation is one of the largest companies performing contract research and managing clinical trials for drug makers.

Ken gets dolled up with cornrows and man buns

Mattel is introducing 15 new looks for the male doll, giving him different skin tones, body shapes and hair styles.

Jeff Bezos, the chief executive officer of Amazon, in Seattle. Amazon is increasingly claiming territory once held exclusively by department stores.

Amazon wants to turn your home into a dressing room

Amazon’s Prime Wardrobe service will let customers try on the latest styles before they buy at no upfront charge. Users will only pay for what they keep.

M.Gemi Soho Store Images

From clicks to bricks: Online shoe site M.Gemi to open Boston store

At the retailer’s outlet in the Prudential Center, customers will be able to check out its latest offerings before buying online.

Comcast boosts Boston Internet speeds

Comcast said it’s begun signing up residential customers for download speeds of up to 1 gigabit per second.

Ivanka Trump talked with Bill McDermott, head of the SAP software firm, at a White House meeting on technology Monday. Tim Cook, chief executive of Apple, is at center.

Tech CEOs visit White House to talk modernizing government

The White House on Monday urged technology CEOs to pitch in on President Trump’s effort to modernize government.

MIT lab shows off smart threads that can send messages, change color

MIT research could launch a textile industry comeback with smart fabrics that can send messages, tune in audio signals, or change colors.

Civic leaders have been searching for a way to pay for upkeep of the 17-acre Rose Fitzgerald Kennedy Greenway as the state begins to reduce its funding.

A deal to fund the Greenway for years to come is reached

The state, the city, and a key business group have reached a deal to fund the Greenway. Now they need its neighbors to sign on.

Cofounder Johannes Fruehauf said LabCentral, which currently operates in 28,000 square feet, has a waiting list of early-stage companies seeking space.

LabCentral will more than double its space to incubate drug-discovery startups

LabCentral, a four-year-old nonprofit that runs shared laboratory space for biotech startups, will more than double its capacity this summer to about 70,000 square feet.

Ivanka Trump talked with Bill McDermott, head of the software maker SAP, at the opening session of a White House meeting on technology. Tim Cook. the CEO of Apple, is at center.

Tech CEOs visit White House to talk modernizing government

The White House on Monday urged technology CEOs to pitch in on President Trump’s effort to modernize government.

John Scagliarini visited his home on Long Beach, which looks out over the ocean, with his dog Zeus, this month. The building sits on town property that he has leased for the past 25 years.

Plymouth officials cancel lease on sand bar’s sole resident

Selectmen decided the town, which owns the half-acre lot on which John Scagliarini’s house sits, will not renew the lease.

One analyst said Senator Elizabeth Warren’s real goal to ousting the Wells Fargo board is to use the fake customer accounts scandal as a means of rebutting Republican calls for bank deregulation.

Senator Warren renews her attack on Wells Fargo

Warren urged the Federal Reserve to remove the 12 directors who were on the board when employees set up fake customer accounts.

As tech giants rise, stocks set records again

Apple and other big-name technology stocks got back to their winning ways Monday.

Bold Types

David Bergers switches sides, from SEC to public companies

Bergers is best known here for running the SEC’s Boston office from 2006 through 2013.

Tuesday’s business agenda

Info sessions, classes, and more notable events and things to know.


Akamai CEO joins Trump advisory council

Akamai specializes in speeding up clients’ websites and making them more secure. Now, it’s the federal government’s turn for an upgrade.

Two-year-old Shepard Restaurant & Bar in Cambridge is known for its smoke-flavored foods.

Following complaints, Cambridge restaurant ordered to stop cooking with charcoal and wood

Neighbors of Shepard Restaurant & Bar in Cambridge say their health is being affected.

Sean P. Murphy | The Fine Print

The Globe’s new consumer columnist is open for business

Sean P. Murphy will advocate for you when you feel you’ve been wronged in a business transaction with a retailer, an insurer, a lender, a lawyer, or others.

A mock-up of Zipcar’s upcoming limited-edition unicorn car, which will feature a unicorn horn.


A unicorn-themed Zipcar is coming, if you’re into that kind of thing

If you dream of navigating Boston’s streets in a car that features a unicorn horn, sparkly floor mats, fuzzy seat covers, and sequined pillows, you’re in luck!

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.