- These hate crimes and incidents of harassment were reported in the last week.
- Good morning, Boston, and Happy Monday! Here are the five most important things you need to know to help start your busy business day.Immigrant entrepreneurs: They get the job doneThe latest Weekly Edition looks at immigrant-owned businesses in Massachusetts. Their owners say Donald Trump’s anti-immigrant rhetoric could dampen innovation and the potential for entrepreneurship. (Subscription required)An immigration workaround for entrepreneurs, one year laterSpeaking of immigrant entreprene
- After paying $100 million in 2013 for the option to buy Boston-based Acetylon Pharmaceuticals and then passing on a deal this August, Celgene purchased part of the cancer drug developer on Friday for an undisclosed sum.Privately-held Acetylon, which has 40 employees, said that it had been acquired by Celgene (Nasdaq: CELG). But first, the company will spin out a new firm to develop some of its novel drug candidates. The new entity, Regenacy Pharmaceuticals, will be operated out of Acetylon&rsquo
- When trying to grow your middle-market company it’s easy to get sidetracked and lose focus on what’s important, here are five strategies to help focus your efforts.Create a 360-degree view of your customer— Customer relationship and customer success tools help to deliver a positive customer experience by allowing businesses to understand universal needs while cultivating a personalized experience. Efforts to fully understand your customer base and to offer seamless support from
- Rattlesnake Bar & Grill Inc., a Back Bay establishment known for its roof deck festivities, has filed for Ch. 7 bankruptcy liquidation.Gordon Wilcox filed the bankruptcy papers on Nov. 11.The establishment opened on the second floor and roof deck of 384 Boylston St. in 1990, then expanded to the first floor within three years. The cantina-style restaurant served dishes including antelope tacos, a wild boar burrito and a pork belly tostada, with a bar offering margaritas and tequila.“Wi
- Rich Lesser, the president and CEO of Boston Consulting Group, is one of 16 business leaders appointed to President-elect Donald Trump's Strategic and Policy Forum.The group will be chaired by Stephen A. Schwarzman, chairman, CEO and co-founder of Blackstone. Members of the group will be charged with providing their individual views to Trump "on how government policy impacts economic growth, job creation, and productivity," according to a press release.Trump campaigned on the promise of lower&he
- A restaurant in Boston's South End that had been closed by the state for failure to pay taxes is back in business.Teranga, a Senagalese restaurant at 1746 Washington St., was seized by the state Department of Revenue earlier this week after it failed to pay $63,421.98 in taxes. By Friday, the restaurant was back open and a Department of Revenue spokeswoman confirmed that Teranga "has resolved the liability in a way that is acceptable to the department."The restaurant opened in 2009."The Senegale
- Less than a year after Vertex announced that its CEO had taken a significant pay cut amid criticism by shareholders, the Boston-based pharmaceutical company is boosting the compensation of two other top executives.On Friday, Vertex (Nasdaq: VRTX) said in a regulatory filing that it was increasing the base salary of chief financial officer Ian Smith from $750,000 to $850,000, increasing his target bonus from 50 percent of his salary to 75 percent, and giving him the additional title of chief oper
- Simmons College’s shift toward online graduate degree programs, controversial as the move has been among some alumni, is showing results financially.Net of student aid, the women-focused college brought in $119 million in tuition and fees in the 2015-2016 fiscal year, a 22 percent increase over the previous year, according to recently released financial records. Most of the gains came from online tuition and fees, which nearly doubled year-over-year to $45 million.Simmons has significantly
- Gov. Charlie Baker on Friday threw his support behind the 21st Century Cures Act, which would provide billions of dollars in new federal funding for medical research and opioid treatment efforts but has drawn fierce opposition from Sen. Elizabeth Warren.The legislation overwhelmingly passed the U.S. House of Representatives on Wednesday night and heads to the Senate next week. It would provide the National Institutes of Health with $4.8 billion for research programs, give $1 billion to states to
- Intellia Therapeutics, the gene editing firm that held the biggest initial public offering of 2016 for any Mass. biotech, has officially moved into its new headquarters in one of the former Vertex buildings in Cambridge and says it plans to double the number of employees to more than 200.As first reported by the Boston Business Journal in January, Intellia (Nasdaq: NTLA) is the anchor tenant at 40 Erie St., former Vertex Pharmaceuticals space located near Kendall Square. On Thursday night the co
- A key patent on Biogen's blockbuster multiple sclerosis drug Tecfidera came under attack in a Virginia courtroom on Wednesday, but an analyst at Jefferies who attended the hearing believes that the Cambridge-based company has a good shot at prevailing.The Patent Trial and Appeal Board heard oral arguments on a claim by the Coalition for Affordable Drugs, a group led by hedge fund manager Kyle Bass, challenging the validity of a patent related to Tecfidera called ‘514. The panel of judges a
- Good morning, Boston! You made it to Friday. Now here are the five most important things you need to know to help start your busy business day.Boston City Hall Plaza’s winter wonderland opensAt 5 p.m. this evening, Boston's City Hall Plaza will go from that windswept wasteland into a winder wonderland, complete with a 40-chalet holiday market, an Urban Lodge, Vinopolis Interactive Wine Experiences, The Chocolate Story, Santa’s House and even a pedal-powered Holiday Tree. Bostinno.com
- Meghan Cleary and her son Gus, 3, worked to add decorations to their gingerbread house roof during the Hampshire House’s Gingerbread House Brunch on Sunday, Nov. 27. Gus carefully squeezed frosting on before adding marshmallows and gumdrops. The Hampshire House on Chestnut Street will hold Gingerbread House Brunches every Saturday and Sunday through Christmas.
- By Dan Murphy
As she has for the past 21 years, Ivy A. Turner will help lead this weekend’s volunteer effort to adorn 1,100 gas lamps throughout the neighborhood with garlands and bows.
On Saturday, Dec. 3, beginning at 9 a.m., Turner asks neighbors to join her at the Harrison Gray Otis House Museum at 141 Cambridge St. to cut garlands into the correct length, attach wire to them and bag bows. The garlands will then be delivered to teams of volunteers who have already committed to decorati
- By Beth Treffeisen
The Boston Planning Development Agency (BPDA) will be holding a meeting regarding the controversial proposed building for 115 Winthrop Square in Downtown Boston on Monday December 5, from 6:30 to 8:30 pm at the Suffolk Law School at 120 Tremont Street. The meeting will discuss the multi-use tower that might rise as high as 775 feet above Boston’s skyline.
The proposed tower, which is slated to replace the current deteriorated Winthrop Square Garage, will cast
- By Suzanne Besser
In 1995 three Beacon Hillers put their heads together to devise a creative fundraising scheme that would support the small house museum on Mt. Vernon Street that provides a unique glimpse into the neighborhood’s domestic life in the 19th and 20th centuries.
What they came up with was so successful it’s been repeated twenty times since.
The 20th annual Nichols House Museum Holiday House Tour, which has become one the neighborhood’s most beloved holiday traditio
- By Karen Cord Taylor
Every year about this time I recommend a few books about Boston or by Boston authors that might make good holiday gifts for your friends or relatives. Here are three for you to consider.Winter Storms by Elin Hilderbrand
This book is not literature. But it is also not junk, as I feared. It was quick and fun.
The story follows an extended family whose members have complicated, theatrical lives. One has two boyfriends, one is at war, another is in jail, still another is a news
- Beacon Hill resident Julia Karol was recently appointed president and COO of the Watermill Group, a Lexington-based strategy-driven, private-investment firm.
In her new role, Karol is responsible for overall fir operations and helping Watermill portfolio companies develop and implement their strategies. Previously, as a Watermill principal, she helped guide the day-to-day operations of the firm, directed the firm’s investor relations and managed fundraising initiatives for acquisitions.
- By Beth Treffeisen
For two years bike courier Mike Oakhem, 33, from Quincy, has been zig-zagging throughout Boston’s downtown streets to hand off various goods from piping hot pizza to architecture design rolls, offering Boston residents and companies one of the quickest forms of delivery.
To him, taking on this job is more than just getting from point A to point B; it has been keeping him busy, earning money and his freedom.
Owning only the clothing on his back and his bike, Oakhem took o
- By Cary Shuman
Jill Donahue took over a decade to get to the field of public relations but her clients are sure glad she got there.
“I wasn’t really sure what I wanted to do, but I always liked the wellness industry,” recalled Donahue, principal of JD Consulting on Newbury Street. “Who doesn’t love a good spa day?” she jokes.
After studying business management at Endicott College in Beverly and medical esthetics at the Catherine Hinds Institute in Woburn, Dona
- Shop outside-the-box this holiday season at SoWa Boston’s Winter Festival. Beginning Friday, December 2nd through Sunday, December 4th, 2016, SoWa Boston is kicking off the seasonal festivities with its annual three-day SoWa Winter Festival. This year, the festival will take place in the iconic SoWa Power Stationlocated at 540 Harrison Ave., hosting over 100 of the area’s best artisans and specialty food vendors to create the ultimate winter wonderland.
Ditch the crowds,
- “I would rather lose than win the way you guys did,” Hillary Clinton’s director of communications told Donald J. Trump’s campaign manager during a raucous debate at Harvard.
- “I would rather lose than win the way you guys did,” Hillary Clinton’s director of communications told Donald Trump’s campaign manager during a raucous debate at Harvard.
- NewStar Financial has sold its equipment financing arm to Radius Bank for $105 million in net proceeds, part of a plan to refocus on leveraged finance and cut staffing and expenses.The Boston-based commercial lender (Nasdaq: NEWS) is looking to streamline its business, with CEO Tim Conway holding that competition from banks has made it difficult for NewStar to scale in areas such as equipment financing.It found a taker for its equipment financing line in Radius, which is headquartered in Boston&
- Starbucks Chief Operating Officer Kevin Johnson will serve as president and CEO starting April 3.He'll replace Howard Schultz, who will become executive chairman and change his focus to innovation, design and development of the Starbucks Reserve Roasteries around the world."This move ideally positions Starbucks to continue profitably growing our core business around the world into the future," Schultz said in a statement.Starbucks opened its Reserve Roastery and Tasting Room in Seattle two&helli
- More than two years after buying Watertown’s Arsenal Mall, Boylston Properties and The Wilder Cos. have revealed their plan for its redevelopment.Boylston Properties and Wilder Cos., both Boston-based real estate development firms, are rebranding the property Arsenal Yards and planning 350,000 square feet of retail, 100,000 square feet of office space and more than 500 residential units. The redevelopment could eventually span 1 million square feet.Boylston Properties and the Wilder Cos. a
- The Boston Business Journal's Women of Influence honorees were basked in sunlight courtesy of the sky-view windows on the 33rd floor of 60 State St. Thursday morning. They were also in the spotlight as they were feted for their contributions to women in the workplace during the BBJ's annual awards breakfast.In all, 23 women who were featured in the pages of the BBJ throughout the year were honored for their impact on the Greater Boston community. Through the profiles, sponsored by Webster Bank,&
- Rolls-Royce, the global maker of engines and other power systems, announced Thursday that 800 layoffs are coming worldwide to its marine division, but the approximately 130 employees who work at the Rolls-Royce Naval Marine facility in Walpole are unlikely to be affected, according to company officials.The Walpole site focuses on manufacturing and testing propellers and water jet propulsion systems for naval ships. Other parts of the Rolls-Royce's marine division, which currently employs 4,800&h
- Boston will test out a program that would bring surge pricing to parking meters depending on demand, charging up to $4 per hour for the most in-demand spots.Mayor Martin J. Walsh announced on Thursday that starting Jan. 3, 2017, it will adjust meter rates in the Back Bay and Seaport neighborhoods to study how parking meter rates can "reduce the search time for parking and reduce street congestion."The Uber-like pilot was developed alongside a larger study to be released by the business-led nonpr
- Citizens Financial Group is teaming up with a hot Silicon Valley startup as part of a larger effort to bulk up its wealth management offerings.Beginning early next year, Citizens’ investment service affiliate will offer wealth management services using SigFig’s automated investment-advice technology. It joins other banks nationwide that have partnered with SigFig, including Wells Fargo (NYSE: WFC) and, locally, Cambridge Savings Bank.Under CEO Bruce Van Saun, Citizens (NYSE: CFG) has
- Adidas is moving 150 back-office jobs from the Canton headquarters of its subsidiary, Reebok, to Portland, Oregon, and other sites, and also plans to cut another 150 as it looks to streamline operations and build on its North American momentum.The sneaker maker also continues to move ahead with a plan to relocate its Reebok office from suburban Canton, Mass., to a new facility in Boston.Adidas' Canton office, largely home to its Reebok subsidiary, employs 950. After the cuts and employees whose&
- The community bank Needham Bank has turned to a well-known Boston executive with a big-bank resume to be its next CEO.Former Sovereign Bank CEO Joseph Campanelli will succeed Mark Whalen, who surprised the local banking community this summer when he announced he would retire a little more than a year after taking on the top role. Campanelli is starting at Needham on Jan. 3, with Whalen continuing as a member of the board of directors.Campanelli served as chief executive of Sovereign, which is&he
- President-elect Donald Trump's surprise victory in the election on Nov. 8 created uncertainty in many corners of America, including the technology industry.While manufacturing and cybersecurity were central topics in the campaign, it's still unclear what kinds of business policies Trump will support in the White House and how they'll affect tech companies.One way to try to peer into the future is to look at how the markets reacted to the news of Trump's election. When it comes to tech companies&
- Inside a newly renovated 17,000-square-foot space in the Boston Innovation and Design Building on Tuesday, state Housing and Economic Development Secretary Jay Ash put on a bulky pair of goggles and began swiping his fingers at the air in front of his face.The goggles were part of an augmented reality system developed by Silicon Valley startup Atheer and manufactured by Singapore-based giant Flextronics International, recently rebranded as simply Flex. If Ash were an industrial-equipment field&h
- Framingham-based TJX Companies Inc., parent company of T.J. Maxx and Marshalls, said Tuesday that its board approved the selection of the former president of Ralph Lauren Corp. as a member the company's board of directors.Jackwyn Nemerov was chosen as a member of the TJX board of directors and its executive compensation committee, effective immediately, according to a regulatory filing.Nemerov was the president and chief operating officer of Ralph Lauren Corp. from November 2013 until November&h
- The total number of single-family homes and condominiums sold across the commonwealth dropped in October compared to a year prior, while prices for both have increased during the same time period, according to a report from The Warren Group released Tuesday.Some 4,913 single-family homes sold in Massachusetts in October, down 4.4 percent from 5,138 sold a year prior, according to a report from The Warren Group, which publishes Banker & Tradesman. The median sale price for a single-family hom
- Paul English, the co-founder of online travel search company Kayak, announced Tuesday he plans to give at least 10 percent of his stake in his new company Lola Travel to charity.The donation is part of the Pledge 1% initiative – founded by Salesforce and two other companies and organized locally by The Boston Foundation – that urges entrepreneurs to hand over a portion of their equity or time to nonprofits, or to make their product freely available to those organizations. English did
Wells Fargo shamed by Elizabeth Warren for forcing customers into arbitration over fake accounts scandalWells Fargo is in hot water with Democratic Senator Elizabeth Warren again, after she publicized a policy that the bank has which forces customers who had fake accounts opened in their names to go through arbitration instead of suing."After dozens of Wells Fargo customers sued the bank to recover fees they were charged from these fake accounts, Wells Fargo tried to boot the claims from court and into the closed-door, industry-friendly arbitration process," Warren wrote in a post on Facebook."Unf
- What kind of home can you buy for nearly $4 million in Dover, one of the wealthiest towns in Massachusetts? A six-bedroom home with almost 4 acres — that's what kind.Chris Dagesse, who last year with his father took over five car dealerships from billionaire Ernie Boch Jr., purchased a home at 52 Farm St. for $3.85 million on Nov. 4 along his wife Melissa, according to a Norfolk County deed. The six-bedroom home sits on 3.6 acres and features "statuesque colonial design with many sharp/ang
- Every year, the American Society of Hematology, or ASH, hosts a major conference where companies from across the country share the latest details from trials of blood cancer and rare disease treatments. And every year, Massachusetts is well represented among the presenters.This year’s meeting, to be held Dec. 3-6 in San Diego, is no exception. It will feature some buzzworthy companies headquartered in Massachusetts, such as Newton’s Karyopharm Therapeutics (Nasdaq: KPTI) and Cambridg
- Cambridge police arrested a state senator at a protest outside a McDonald’s restaurant early Tuesday morning, according to the senator’s office, which said he was the only elected official among the 36 people arrested at the protest over wages.An outspoken liberal who was protesting for higher wages and workers’ rights, Sen. Jamie Eldridge is an Acton Democrat and co-chairman of the Committee on Financial Services. Eldridge was arrested for civil disobedience, according to his
- Norwood-based Corbus Pharmaceuticals, the top-performing biotech stock in the state so far in 2016, said Tuesday that it will extend a Phase 2 study of its only drug in development.Corbus (Nasdaq: CRBP) said that the FDA had approved a one-year, open-label extension study of the trial of anti-inflammatory drug Resunab to treat skin-predominant dermatomyositis. In April, the regulator approved a one-year extension study of Resunab for patients with systemic sclerosis. The company said in a statem
- The Cambridge Planning Board on Tuesday will hear public comment regarding the Massachusetts Institute of Technology’s plan to build a 450-bed graduate student tower in Cambridge’s Kendall Square at 292 Main St.The building is proposed to have a total of 30 levels, which includes 25 stories of student housing. The tower's maximum height is 300 feet.The project is the first of MIT’s Kendall Square Initiative South of Main (SoMa) plan to move through design review. SoMa is a five
- Researchers say they have figured out a piece of the puzzle why a 2.3 million-gallon spill of molasses from a storage tank in Boston was so deadly, killing 21 people and destroying buildings.
- Lindy Roethlisberger, Tom Kershaw, and Lisa and Spencer Macalaster during the Garlands and Greens Holiday Fundraiser on Wednesday., Nov. 16, at the Hampshire House. The proceeds from the event go towards the 21st Annual Beacon Hill Holiday Decorating – which has 1,100 gas lamps decorated with 2,860 yards of garland and some 2,400 red bows.
- By Dan Murphy
The Beacon Hill Civic Association is getting behind an upcoming awareness campaign to “tag” 215 known natural-gas leaks in aging infrastructure in Beacon Hill, Back Bay and parts of the South End.
In a letter to elected officials, the BHCA board of directors voiced its support for the Dec. 10 effort, which will be led by volunteers for the national nonprofit Mothers Out Front. Besides marking gas leaks with small signs, the campaign also intends to garner support for th
- By Karen Cord Taylor
This is the week that seems to begin winter even though we know December 21 is the actual date.
So after the turkey is finished and the guests have gone, some people look ahead and see months of cold and bleakness.
I may have mentioned that I’m not that way at all. And I hear from many of you that a silent majority out there actually likes winter too. Here are some reasons.
First, the length of winter is way over-rated. It gets cold after Thanksgiving, but December is
- By Beth Treffeisen
The controversial 45 Temple Street proposal, which includes the Archer building and Donahue Building formally owned by Suffolk University, was brought in front of the Beacon Hill Architectural Commission (BHAC) this past Thursday, November 17, to transform the former institutional buildings into residential units.
The proposal includes modifying the north, east, and west façades, creating a passageway between Temple Street and Ridgeway Lane, and constructing a rooftop a
- By Seth Daniel
Popular writer and former restaurateur Gordon Hamersley made a name for himself cooking in the South End, often also appearing with early culinary celebrities like Lydia Shire and Julia Child, and always with a Red Sox cap on and a wonderful recipe for chicken.
This week, however, he talked turkey.
In his first talk since he and his wife, Fiona, closed their destination eatery Hamersley’s Bistro on Tremont Street in the South End two years ago, Hamersley was to appear
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