Business groups raise alarm over bills to bolster community hospitals

Health care industry groups warn that proposals by state lawmakers to raise millions of dollars for struggling community hospitals would send costs soaring.

John Moses, 39, of Chelmsford, was looking for a way to free up about $50,000 to invest in a health care startup without going into debt. After a series of discussions with his wife, the two decided to sell a piece of their home to a firm called Unison.

These startups want to buy a share of your house. Is that a good idea?

Home equity investors are offering cash now in exchange for a cut of the growth (or loss) of a home’s value. Consumer protection advocates warn that it raises complex questions.

About 280 people attended events ranging from speeches by women entrepreneurs to networking spin classes.

Influenceher event is all about workplace change

Amy Quigley, president of the Massachusetts Innovation & Technology Exchange, has spearheaded planning for the nonprofit’s first day Influenceher Week.

Chris Lehane, head of global policy at Airbnb, said the policy will violate the privacy of hosts.

New York City will force Airbnb to disclose information on hosts

Airbnb Inc. will need to share the names and addresses of hosts in New York City with officials thanks to a new law, the latest setback for the home-rental company in one of the world’s largest tourism destinations.

Latest Business headlines

Boston Scientific buying California device maker

Deal could be worth as much as $270 million.

Trump again slams Fed, trading partners

The tweet comes a day after President Trump cast aside concerns about the Federal Reserve’s independence to say he was unhappy with the central bank’s recent actions.

GE profit drops 30 percent as it continues trimming units

General Electric reported a sharp drop in second-quarter profit as the industrial giant continues its transformation into a slimmer company.


Here’s what happens when startups go wrong

Not long ago, Boston companies Jibo and Jana showed a lot of promise, but now their survival is in doubt.

State Street slides on $2.6 billion Charles River Development acquisition

State Street Corp. fell the most in almost three years after it announced the acquisition of Charles River Systems Inc., a provider of investment data and analytics software.


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// 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.


// Atul Gawande’s first task as health CEO: a listening tour

He’ll travel across the country to meet employees he will serve through an Amazon-backed health care venture.

More Business headlines

More than 60 percent of CVS’s revenue comes from its pharmacy benefit manager.

Drug-price push could affect two megadeals

President Trump’s drug-price push is steering right into health megadeals.

Comcast drops Fox bid, paving way for sale to Disney

Comcast is dropping its bid for Fox’s entertainment businesses, paving the way for Disney to boost its upcoming streaming service by buying the studios behind “The Simpsons” and X-Men.

EU Commission President Jean-Claude Juncker  (right, with Spanish Prime Minister Pedro Sanchez in Madrid Thursday) said he was ‘‘surprised’’ to hear President Trump describe the EU as a “foe.”

EU preparing to hit back if US puts tariffs on car imports

The European Union says it is already preparing measures to retaliate against the United States if President Trump puts tariffs on imported cars and auto parts.

Sinclair accused of misleading FCC as deal goes to a hearing

Regulators accused Sinclair Broadcast Group Inc. of misleading them as it sought approval to buy Tribune Media Co. -- and sent their companies’ proposed $3.9 billion merger to the uncertain future of a hearing.

Weekend agenda

A cryptocurrency meetup, pop-up market, and other events and things to know.

Trump takes a rare presidential swipe at Fed, criticizes interest rate hikes

President Trump criticized the Federal Reserve for raising interest rates, upending longstanding executive branch protocol to avoid commenting on monetary policy.

Bank stocks weaken, but small-company shares hold up well

Stocks of banks and other large US companies fell Thursday, but those of smaller companies climbed, making for a mixed finish on Wall Street.

Comcast drops out of Twenty-First Century Fox bidding war

The announcement leaves the path open for Disney to buy the Twenty-First Century Fox assets with its $71 billion offer.

Boston Chamber to host weeklong events to recruit minority professionals

The Greater Boston Chamber of Commerce will host a five-day festival in September for millennials of color.

EU fines Google $5b for abusing its market dominance

European authorities increased their efforts to rein in Silicon Valley by fining Google a record $5 billion for abusing its power in the mobile phone market.

The chairman of the FTC said he is “very interested” in the EU case against Google, so we may see an attack on Android on home soil. Above, Google’s offices at Pancras Square in London.


Will the EU’s get-tough policy on Google end up making Android phones more expensive?

The European Union hit Google with a $5 billion fine because of its Android market dominance. So what does that mean for consumers?

Business agenda

Earnings reports, workshops, and other events and things to know.

US stocks edge higher as airlines, railroads, and banks jump

Big gains for banks and transportation companies took US stock indexes slightly higher Wednesday. Other parts of the market didn’t move much.

Merging Beth Israel, Lahey would sharply drive up health care costs, watchdog says

The consolidation would boost medical spending by as much as $191.3 million a year for inpatient, outpatient, and primary care services.

Ye Qing Wei, a housekeeper at Sheraton Boston, has seen her schedule disrupted by green programs that encourage people to opt out of housekeeping service in exchange for points and meal coupons.

Going green is cutting into hotel housekeepers’ livelihoods

Programs that encourage guests to skip housekeeping, and save energy, are wreaking havoc on workers’ schedules, a union says.

The recall covers certain 2013 through 2016 Fusion sedans and some 2013 and 2014 Escape small SUVs. Owners will be notified by July 30.

Ford recalls 550,000 vehicles that can roll away unexpectedly

Ford is recalling the cars and SUVs in North America to fix a gearshift problem that could cause them to roll away.

Google hit with record $5 billion fine by EU over Android

The blockbuster fine comes with an accompanying EU order freeing up phone manufacturers to choose non-Google apps to install on Android phones.

(From left) European Commission President Jean-Claude Juncker, Japan’s Prime Minister Shinzo Abe, and European Council President Donald Tusk at Tuesday’s signing event.

As tensions with US worsen, Europe courts new partners

On Tuesday in Tokyo, the EU signed its largest trade deal ever, a pact with Japan that will slash customs duties on products like European wine and cheese, while gradually reducing tariffs on cars.

Lloyd C. Blankfein (left) will hand over the chief executive role at Goldman Sachs on Oct. 1 to veteran investment banker David M. Solomon.

Goldman president Solomon to become CEO on Oct. 1

Goldman Sachs on Tuesday named David M. Solomon as its next chief executive officer, putting a veteran investment banker in charge of a Wall Street giant that faces mounting challenges.

Senator Will Brownsberger said the House version of a noncompete compromise “moves the ball forward.”

Legislative session comes to a close without action on noncompete reforms

With two weeks of formal legislative sessions remaining for the year, time has apparently run out on efforts to limit noncompete agreements in Massachusetts.

FDA aims to make it easier to get some common drugs without a prescription

The Food and Drug Administration is evaluating ways to make sure patients don’t take an inappropriate over-the-counter drug.

Stocks rebound as tech and household goods companies rise

Stocks rallied Tuesday as retailers and technology and household goods companies all made solid gains and helped the market shake off a weak start.

Business agenda

A barbecue benefit, panels, and other events and things to know.

The lawsuit over Harvard’s admission practices was not filed by Asian Americans, but by a white guy, Ed Blum, who lost a court challenge to race-based admissions at the University of Texas involving a white student, Abigail Fisher. Blum (center) and Fisher (left) are pictured above in 2013.

Shirley Leung

Harvard lawsuit is about affirmative action, not Asian Americans

The case has divided Asian Americans. Some of us want to keep affirmative action to ensure diverse campuses. Others say race-blind policies ensure Asian American applicants don’t experience bias.

Shane Steffens


A lot’s riding on an EF executive who’s shifting gears

Bold Types: A longtime executive at EF Education First has found himself steeped in a world of wheels in his new job, overseeing EF Education First’s cycling team.

It is estimated that Prime Day will generate $3.4 billion in sales worldwide for Amazon.

Amazon’s Prime Day dimmed by website woes

Amazon’s website ran into some snags quickly Monday on its much-hyped Prime Day, an embarrassment for the tech company on the shopping holiday it created.

Business agenda

LinkedIn workshop, self preservation webinar, and other events and things to know.

US challenges China, EU, and others over steel tariffs

The Trump administration brought cases at World Trade Organization over retaliation against American tariffs on steel and aluminum.

Most stocks fall as crude oil prices drop 4 percent; bank shares climb

Major stock indexes closed mostly lower Monday as investors bought banks but sold most other types of stocks.

Uber faces US probe into alleged gender bias

The government is investigating allegations that the ride-hailing service set up a pay structure that discriminated against its female workers.

Beth Israel-Lahey merger raises a Medicaid issue

A relatively low portion of both hospitals’ patients are poor.

Elon Musk’s social media conduct may be bad for his business

When Tesla chief Elon Musk called a British diver involved in the Thailand cave rescue a pedophile, he may have gone one tweet too far.

FILE- In this Aug. 3, 2017, file photo, packages pass through a scanner at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than last year's and will launch new products. (Photo/Patrick Semansky, File)

Amazon’s much-hyped Prime Day runs into snags

Shoppers clicking on many Prime Day links after the 3 p.m. launch got only images of dogs with the words, ‘‘Uh-oh. Something went wrong on our end.’’

Mike Volpe (left) will be CEO of Lola, a business travel booking company cofounded by Paul English.

Paul English hires a veteran marketing executive to run Lola

Cofounder Paul English said Monday the travel company has brought on one-time HubSpot marketing chief Mike Volpe as chief executive.

Potential DNA damage from CRISPR ‘underestimated,’ study finds

CRISPR-Cas9 can cause significantly greater genetic havoc than experts thought, the study found, perhaps enough to threaten the health of patients who could receive CRISPR-based therapy.

Thelma Kaminsky in 2016. (Family Handout)


Denied a chance to say goodbye to an old friend

When Thelma Kaminsky died last month at age 87, no friends gathered in her building to grieve and pay their respects. The managers of her building wouldn’t allow it.

After Hurricane Maria, foreclosures in Puerto Rico stopped, but they’re starting again

The foreclosure machine that ground to a halt in Puerto Rico after the devastation caused by Hurricane Maria in September is slowly cranking up again.

The week ahead in business

Networking, social media workshops, and more events and things to know.

The newly restored Emerson Colonial Theatre kicked off its new era with “Moulin Rouge!”

Coming soon to a theater near you: State tax incentives?

Lawmakers are pondering offering state tax credits to encourage producers to debut Broadway-bound shows in Massachusetts.

In May, hundreds rallied at the State House for paid leave and a $15 minimum wage, both of which were adopted.

Evan Horowitz | Quick Study

Will wages ever catch up in an era of weak unions, mergers, and rising inflation?

Jobs may be plentiful and corporate profits strong, but the US economy is still failing workers.

FILE - This Oct. 21, 2016, file photo shows a CVS drugstore and pharmacy location in Philadelphia. CVS Health is making prescription deliveries available from its stores nationwide, as retailers continue to adjust to a growing threat from the online giant Amazon. (AP Photo/Matt Rourke, File)

CVS apologizes after managers call cops on black customer

CVS Health is apologizing after a black customer says a white store manager in Chicago accused her of trying to use a phony coupon.

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.