- Viant Technology, a digital advertising data company owned by Time Inc. announced Monday it plans to buy Waltham-based Adelphic for an undisclosed amount of money.Founded in 2011, Adelphic's technology supports mobile-focused programmatic ad buying, allowing agencies and brands to target the exact kind of consumer they're looking to reach. The company raised about $23 million in lifetime investment from Matrix Partners, Blue Chip Venture Company and GV (formerly known as Google Ventures).Time&he
- Cambridge-based startup nuTonomy Inc. is establishing a Boston office adjacent to its autonomous car testing zone.nuTonomy, an MIT-born startup that develops software for driverless vehicles, has leased a 4,185-square-foot office at the Innovation and Design Building in Boston’s Seaport. The office abuts the Raymond L. Flynn Marine Park, where the company has plans to test its fleet of self-driving vehicles.The office will be an office base for engineers to support the testing of the vehic
- Boston-based Grantham Mayo Van Otterloo & Co. has hired a new chief executive as the investment firm tries to stem a substantial outflow of investor money.Scott Hayward is coming to GMO from New Jersey-based Quantitative Management Associates, where he had spent the past 11 years as CEO. QMA managed approximately $116 billion in assets as of Sept. 30. GMO was that size as recently as two years ago, but had since fallen to $88 billion in assets under management as of September.He is replacing
- It's a young Cambridge company seeing rapid growth in its market and pumping out new products in response to early customer feedback, but beyond that Markforged doesn't look much like your typical Greater Boston startup.The heart of the company's Alewife operations isn't an open office full of software programmers, but a basement lab humming with 65 of Markforged's own 3D printers. And if there were a ping pong table, it would undoubtedly be covered in spools of carbon fiber or the innards of a&
- A federal judge has blocked Aetna Inc.'s proposed $37 billion acquisition of Humana Inc.Bloomberg reports U.S. District Judge John D. Bates ruled that the deal would violate antitrust laws by reducing competition among insurers. Under terms of the acquisition agreement, Aetna owes Louisville-based Humana a $1 billion breakup fee.The deal was first announced in an early morning email sent out to employees by Humana CEO Bruce Broussard on July 3, 2015. Humana was to remain based in Louisville,&hel
- As he promised, President Donald Trump today withdrew the United States from the Trans-Pacific Partnership trade agreement with 12 nations.Trump also plans to formally start the process of renegotiating the North American Free Trade Agreement (NAFTA) with Mexico and Canada.Candidate Trump had called the TPP agreement with Japan, Malaysia, Australia and other nations "a potential disaster for our country."Former President Barack Obama, whose administration brokered the deal, said it would help&he
- Want to go see the Patriots in Super Bowl LI? It'll cost you!The Atlanta Falcons will square off Feb. 5 against the New England Patriots in the 2017 Super Bowl at NRG Stadium in Houston.Average prices for resale tickets have climbed over the past several days to $4,926, according to event ticket marketplace Seat Geek. The website forecasts average ticket prices jumping after the conference championships this past weekend but falling as Super Bowl approaches.New England is a 3-point favorite&hell
- The U.S. Securities and Exchange Commission on Monday halted trading in Cambridge-based PixarBio due to concerns about possible “manipulative or deceptive activities” in the market for its stock.The decision to suspend trading through Feb. 3, disclosed in a statement issued Monday by the SEC, came shortly after PixarBio said it had withdrawn an unsolicited takeover offer for InVivo Therapeutics(Nasdaq: NVIV). InVivo, also based in Cambridge, previously said that it has never engaged
- Boston-based Turbonomic, formerly known as VMTurbo, announced Monday it had raised $50 million in an investment round led by New York-based growth equity company General Atlantic. As part of the deal, Gary Reiner, the former chief information officer of General Electric (NYSE: GE) and a partner at General Atlantic, will join Turbonomic's board.The investment values the company at more than $800 million, according to Forbes, which cited sources familiar with the deal. Turbonomic currently has 400
- The federal government plays a role in the Massachusetts economy that goes far beyond politics — from creating jobs to fostering the next breakthrough research. So we decided to look at federal contracts in the Bay State and see where the money has been going just as a new administration comes into office.Defense contractor Raytheon Co. received the most in federal contracts out of any other company in Massachusetts in the most recent fiscal year.The Waltham company (NYSE: RTN) received a
- At South Boston’s decommissioned Boston Edison power plant, a bust of the Roman god Mercury stands atop a soaring arched window. Inside, the window sheds light on a hall that spans several hundred feet, with bright-green tiles lining the walls and ceilings that reach close to 90 feet.That window could “be the heart and soul of this redevelopment,” said Ralph Cox, a principal with Redgate Real Estate, at a community meeting this week.A joint venture of Redgate and Hilco Redevelo
- Beer distributors have filed legislation that seeks a middle ground in an ongoing dispute with Massachusetts breweries that enables small brewers to leave contracts but keeps rules with larger breweries the same.The bill, filed by state Rep. John Mahoney, a Worcester Democrat, on Friday, would change current mandates, which require all breweries, after six months with a distributor, to have good reason to dissolve contracts with a distributor. The new rule would allow “emerging breweries&r
- An outspoken video game developer who was shaken by President Donald Trump's victory in November plans to take on Congressman Stephen Lynch in the 2018 primary, believing she would do a better job on women's rights, cybersecurity and challenging the new administration.Brianna Wu said that were it not for her role in "GamerGate," where she critiqued the male-domination of the video game industry and endured a furious blowback, she would probably not have chosen to run."Everything failed, so that&
- Nearly 55,000 Massachusetts residents will see up to 40 percent increases over four years in the cost of insurance for long-term care, but that's far less than the triple-digit increases some insurers were looking for.The negotiation between the Division of Insurance and 16 different insurers were over a product allowing people to buy an insurance plan that to help pay for their own elder care services later in life, from nursing home care to assisted living.The agreement allows a 10 percent&hel
- The law firm Goodwin will pay some of its most senior associates annual bonuses of $100,000 or more, matching its payouts from last year, according to an internal memorandum this week.At the other end of the spectrum, the firm’s second-year associates are eligible for bonuses of $15,000, also in line with 2016’s awards, said the memo, which was obtained by the Business Journal. The blog Above The Law first reported the bonuses on Thursday.The bonuses are also line up what the country
- Takeda’s $5.2 billion acquisition of Ariad Pharmaceuticals on Jan. 9 valued the Cambridge cancer drug firm at $24 per share, a 75 percent premium over its previous closing stock price. But it wasn't until today that we got some insight into how the companies arrived at that eye-popping figure despite a lack of other bidders.A federal filing by Ariad (Nasdaq: ARIA) on Thursday includes a lengthy play-by-play of the negotiations, beginning with a phone call on Dec. 2 between Ariad CEO Paris
- Come Monday morning, after the New England Patriots have secured yet another berth in the biggest game of the NFL, the Boston Business Journal newsroom will be looking forward to enjoying sandwiches stacked high with coleslaw and french fries.Primanti Bros. sandwiches, the pride of Pittsburgh, will be gobbled up greedily by newsroom staffers in Boston once the Patriots defeat the Pittsburgh Steelers in the NFL Conference Championship game on Sunday, scheduled to air at 6:40 p.m. on CBS. —
- Massachusetts may not be in the best graces of the incoming presidential administration, but progressives in the state would do well not to make things worse than they already are, according to business leaders at a gathering Friday morning of 300 or so professionals and policy officials from across the commonwealth in Waltham.On the morning of the presidential inauguration, Rick Lord, president and CEO of Associated Industries of Massachusetts, called for employers to be more active in their ef
- Ginkgo Bioworks, a fast-growing South Boston company that makes microbes used in a wide range of industries, said Friday that it had acquired Cambridge gene synthesis company Gen9 for an undisclosed sum.Ginkgo, which has around 130 employees, will add nine of Gen9's 11 employees through the deal. In recent years, Ginkgo has been the largest customer of Gen9, a company founded in 2009 by legendary Harvard geneticist George Church to make cost-effective, high-quality DNA.Financial terms of the&hel
- Skyworks Solutions, a Woburn-based semiconductor manufacturer that counts Apple (Nasdaq: AAPL) as a major customer, saw its stock jump Friday on the back of a strong quarterly earnings report.The company announced revenue and earnings-per-share numbers that beat investor expectations and the company's own prior guidance. Share prices were up about 12 percent as of 11 a.m. Friday, representing a gain in market capitalization of more than $1.7 billion to about $16.3 billion.Liam Griffin, who becam
- By Beth Treffeisen
The proposed mixed use 775-foot high tower slated for 115 Winthrop Square, which is known for casting controversial new shadows on the public parks downtown, has received yet another challenge from the air.
The Massachusetts Port Authority (Massport) came out against the proposed height of the building, saying it would interfere with the flight patterns out of Logan International Airport, if exceed 710 feet.
Massport stated that a building height greater than 710 feet above se
- by Marianne Salza
Kathy Hull, ballroom dancing gold medal winner.
When Kathy Hull, a college philosophy and psychology professor, received a phone call one evening from a local dance studio inquiring if she and her husband would like to attend three, free ballroom dancing lessons, she had no idea that it would be the beginning of a new passion and a fierce, competitive drive. She was hooked on ballroom from the moment she was led through her first spin turn.
“I’m a very analyti
- By Dan Murphy
On the eve of his retirement from a 39-year career with the Boston Police, Superintendent Bernard “Bernie” O’Rourke was feted by scores of friends and colleagues at Ned Devine’s Pub at Faneuil Hall on Wednesday, Jan. 11.
O’Rourke, who turned 64 the next day, joined the department in 1978 as a member of its mounted unit before serving as a patrol officer for District D-4 and D-14, covering the Back Bay, Fenway and the South End, and Brighton and Allston
- By Karen Cord Taylor
Aren’t we Bostonians better than Mitch McConnell and Donald Trump?
Millennium Partners beat out several other developers in a plan to demolish the city’s decrepit parking garage at Winthrop Square and build a 700-feet-plus skyscraper, paying the city millions of dollars to be spread around for park improvements, affordable housing and the like, all of which Boston needs. It’s a good project with a good outcome for Bostonians.
There is one problem, however.
- By Seth Daniel
When Councilor Tito Jackson took to the podium to announce his bid for mayor at the Haley House Cafe in Roxbury last Thursday, Jan. 12, he didn’t paint himself as a candidate for one particular group of people, but for all of the people of the city – in particular those in the neighborhoods and the students in the public schools that he indicated are increasingly getting left behind by a City he said is focusing too much on big money, big events and corporate deals.
BPDA Approves Temporary Dorms for Emerson College in Fenway; While Renovating Little Building on Boylston Street for More StudentsBy Beth Treffeisen
The Boston Planning and Development Agency (BPDA) approved an amendment to Emerson College’s Institution Master Plan (IMP) to temporarily lease the hostel located at 12 Hemenway Street for two years at the board of directors meeting on Thursday, January 12.
The lease will run from the fall of 2017 to the spring of 2019 to house approximately 115 students due to the temporary closing of Emerson College’s Little Building dormitory located at 80 Boylston Street, which
- Boston City Council brings in the new year at their first meeting held last Wednesday, January 11, with a number of refiles. The Council operates on a one-year legislative cycle within a two-year term, meaning that proposals that aren’t voted on by the end of each year become inactive and need to be refilled in the next year.
Below is a list of refiles to watch out for later this year.Boston Residents Jobs Policy: Mayor Walsh refiled an ordinance amending the Boston Residents Jobs P
- Beacon Hill Beat
From Boston Police Area A-1
01/05/17 – A Charles Street clothing store reported an unknown female suspect stole an Apple iPad off of the store counter, some time between 2 and 3 p.m. A clerk stated the suspect was the only person in the store at the time of the theft.
Larceny from Building
01/07/17 – A Walnut Street resident reported she had a package delivered sometime on Jan. 5, which she didn’t receive. The victim stated U.S. Mail delive
- This article originally appeared on BostInno.One of Boston startup community's more notable exits from the past few years is Crashlytics, a venture capital-backed mobile crash reporting service. Notable not necessarily because of the money, but rather because of who bought it: Twitter. Now the startup's current form as a mobile development platform for Twitter is being sold to an even bigger buyer: Google.Fabric— the name of Twitter's mobile development platform that came out of Crashlytic
- Fast-growing sales and marketing software company Hubspot has released data about the gender, ethnicity and age diversity of its employees for the first time.The information was presented in a blog post by Katie Burke, Hubspot's vice president of culture and experience, who wrote that the disclosure is in line with one of the company's core tenets — transparency."But practicing transparency is most important when it’s hard," Burke wrote. "Like many tech companies, we have made a publ
- A tiny beverly biotech is engaged in a nasty feud with an anonymous short-seller who claims its business is a sham, leading to accusations of market manipulation.On Tuesday, the investor website Seeking Alpha published an article by a short seller using the pseudonym Mako Research, who wrote that Cellceutix Corp. is at risk of running out of cash and declaring bankruptcy. The author also claimed that the company has financial ties to Platinum Partners, a New York hedge fund whose top executives,
- More people in Massachusetts can run your company than can fix your toilet.That's according to a Business Journal analysis of data from the federal Bureau of Labor Statistics, detailing the jobs that employ the most people in Massachusetts. The data was collected in 2015 from employers in all industry sectors in metropolitan and nonmetropolitan areas in Massachusetts.In the Bay State, there were 11,640 CEOs and 11,070 plumbers at the end of 2015, according to the data.But what also powers the&he
- After 12 years in the same role, MassMutual executive Mark Roellig is giving up his post of general counsel for a very different position at the insurer: head of technology.Beginning Feb. 1, Roellig will serve as MassMutual’s chief technology and administrative officer. The Springfield-based financial services giant made the announcement this week alongside a handful of other executive changes.Roellig has held the position of general counsel, the top legal position at a company, at four di
- Looking to relocate your family or business — or both? You might want to pause and consider what the folks at WalletHub have to say on the matter.The Washington, D.C.-based research firm has taken a crack at ranking the U.S. states for alignment with the economic and social metrics that families consider when identifying where to put down roots.Massachusetts ranked No. 6 in the resulting report, titled "2017's Best and Worst States to Raise a Family," which offers analysis that ranges from
- The Massachusetts tech industry has wasted no time getting down to business in 2017. In the first two weeks of the year, a mobile-app software firm got acquired, a data storage company raised $75 million and a whole lot of local companies announced new products at CES in Las Vegas.Now that many companies have shown their hands in terms of what's in store for 2017, we put together a list of the 10 venture-backed companies we think will make headlines during the rest of the year.Why "venture-backe
- State Street has agreed to pay more than $64 million to end two federal probes into an alleged plot by two former executives to overcharge clients through secret commissions on trades worth billions of dollars.The Boston financial services company (NYSE: STT) will pay a $32.3 million criminal penalty to the U.S. Department of Justice and a civil penalty in the same amount to the U.S. Securities and Exchange Commission.State Street admitted that it added the commissions to trades performed on&hel
- A Cambridge company with a drug to treat migraines in the works will be acquired for $960 million by drug giant Eli Lilly.The deal values CoLucid Pharmaceuticals Inc. (Nasdaq: CLCD), which went public in May 2015, at 43 percent more than its closing stock price as of Tuesday.CoLucid’s main drug, called lasmiditan, was originally licensed from Eli Lilly (NYSE: LLY) and succeeded in the first of two late-stage trials last September. Results of the second Phase 3 trial are expected in the sec
- As Lahey Hospital and Medical Center added a handful of community hospitals to its network, it’s emergency department has grown increasingly more crowded.Yet with the opening of a new $80 million emergency department on Jan. 25, the hospital’s crowded corridors and outdated facility are soon to be a thing of the past.“The level of acuity has risen dramatically as we’ve become more of a tertiary care center and level 2 trauma center,” said Mac Creighton, chair of the
- via MassachusettsNew start-ups are buying meat from small farms and dividing it into manageable cuts.
- The Watertown Planning Board this week approved a special permit for Arsenal Yards, a 1 million-square-foot mixed-use development planned at the former Arsenal Mall.Boston-based real estate development firms The Wilder Cos. and Boylston Properties bought Arsenal Mall in August 2013 for $70.5 million. Also that year, Watertown-based athenahealth (Nasdaq: ATHN) acquired the Arsenal on the Charles corporate center next to the mall for $168.5 million, and CEO Jonathan Bush joined the Boylston Proper
- The state’s highest court ruled that Genentech should be considered a manufacturer for state tax purposes, dealing a blow to the biotechnology giant and other out-of-state companies that claim the manufacturer designation unfairly drives up their tax bill.In Massachusetts, manufacturers receive special tax treatment in order to entice them to maintain and build up operations in the state. For many companies located in Massachusetts, the formula leads to a lower tax bill. But for some firms
- Dozens of New England companies are part of a group of 530 firms and 100 investors calling on President-elect Donald Trump and the Republican-controlled Congress to support policies that will help curb climate change.“We want the U.S. economy to be energy efficient and powered by low-carbon energy,” the businesses wrote in a statement in advance of the presidential inauguration. “Cost-effective and innovative solutions can help us achieve these objectives. Failure to build a lo
- The Boston Business Journal honored its 2017 Innovation All-Stars, the most innovative and enterprising technology leaders in Massachusetts, on Thursday night at a celebration at The Innovation and Design Building.Ken Schwaber, the co-founder of Scrum, and Joe Caruso, the founder of the Bantam Group, were the recipients of the BBJ’s 2017 Innovation All-Stars Lifetime Achievement Award. The Bantam Group advocates for and invests in entrepreneurial technology companies.Check out Innovation&h
- Biogen courted controversy after announcing a price for its newest approved rare disease drug that would make it one of the most expensive in history, but trial data released by the Cambridge biotech on Friday indicates that the treatment is effective.Biogen (Nasdaq: BIIB) presented new data from a Phase 3 study of Spinraza, which on Dec. 23 became the first drug approved in the U.S. to treat spinal muscular atrophy, a leading genetic cause of death in infants. The data, presented at a conferenc
- After its CEO and chief operating officer resigned amid financial troubles, Waltham fertility biotech OvaScience is offering to pay its chief financial officer a cash bonus of $100,000 to stay put, according to a federal filing.OvaScience (Nasdaq: OVAS) said in a Jan. 9 filing that the compensation committee of its board of directors had approved a retention plan for finance chief Christophe Couturier under which he will receive two cash payments of $50,000 each during 2017, plus stock options.O
- A Sturbridge woman is set to receive $3.6 million for her role as a whistleblower in a settlement with MedStar Ambulance over allegations of Medicare fraud.The money will come in wake of the settlement signed Friday, under which MedStar agreed to pay $12.7 million to settle the False Claims Act lawsuit, which alleged that MedStar knowingly billed Medicare for ambulance transports from 2011 through 2014 that were not medically necessary, and by up-coding the runs to exact higher payments from the
- If the first speech of Tito Jackson’s mayoral campaign is any indication, expect over the next 10 months to hear a lot about the incentive package that lured General Electric to Boston.The city councilor kicked off his campaign in Roxbury on Thursday, telling a tale of two cities: one that prioritizes luxury housing and "Big Business," and another whose schools are underfunded and whose residents are struggling despite an ultra-low unemployment rate statewide.Jackson is challenging Mayor M
- Good morning, Boston, and Happy Friday! We're almost to the three-day weekend. Here are the five most important things you need to know to kick off your business day and help get you there.Trump’s HHS nominee promises to divest from these Mass. companiesThe nominee for President-elect Trump’s Health and Human Services cabinet position, Georgia Republican Tom Price, said yesterday that he will divest his stock holdings in healthcare companies, which includes three Massachusetts compan
- The University Club in Back Bay hosted the International Squash Doubles Tournament over the weekend for the 26th year. The Pro-Am Tournament went from January 4-8 and was sponsored by MFS. Participants competed for cash prizes totaling $40,000.Tournament action included both professional men and women along with Professional-Amateur teams made up of one professional player and one amateur with many amateur players drawn from several Boston neighborhoods. In the photo Manek Mathur hits the ball
- By Dan Murphy
Area A-1 was on track to see a slight decrease in incidents of violent and property crime in 2016 from the previous year.
According to Boston Police, 2,471 Part One crimes were reported in the district, which includes Beacon Hill, Chinatown and downtown, between Jan. 1 and Dec. 11, 2016, as opposed to 2,501 during the same timeframe in 2015.
No homicides were reported in 2016, compared to one the previous year.
In contrast, rapes and attempted rapes nearly doubled as the number cli
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