Citizens Bank pursues national ambitions

So what was the Providence company doing, sending one of its top Boston lenders out to sunny Los Angeles to open a new office? It’s all about the Benjamins, of course.

Chris Oddleifson


Rockland Trust chief says revived Worcester lured bank

 As Chris Oddleifson beefs up Rockland Trust’s presence in Boston, he has finally achieved another longtime goal by expanding into New England’s second largest city as well.

Resilient Coders mentors and boot camp participants at the nonprofit’s offices in downtown Boston.

Breaking the code: program trains young adults to enter computer industry

Through a nonprofit group called Resilient Coders, Anne Demosthene and about 20 other young adults are working to turn the tech industry’s traditional image of software engineers on its head.

Carlos Ghosn (pictured in Detroit in 2015) is the chairman of Nissan, chief executive of Renault, and chairman of the board at Mitsubishi.

Nissan chairman is arrested over financial misconduct allegations

Carlos Ghosn, who created an alliance between Nissan and Renault that made it effectively the world’s largest carmaker, was arrested by authorities in Japan on Monday in a remarkable tumble for one of the industry’s most powerful and admired leaders.

Latest Business headlines


GE details new structure of power business

Nine stories you may have missed Monday from the world of business.

Business agenda

A real estate webinar, workshops, and other events and things to know.

BuzzFeed founder’s big idea to revive its fortunes? A merger with rivals

A natural camaraderie exists among digital publishers, which could make a potential partnership more palatable, said an industry CEO.

Tech’s troubles on Wall Street haven’t hit Boston yet — but they could

No boom lasts forever. When this one ends, Boston’s tech sector could be vulnerable — but less so than in the past.

A $12 billion program to help farmers stung by Trump’s trade war has aided few

A $12 billion bailout program Trump created to “make it up” to farmers for his trade war has done little to cushion the blow, with red tape and long waiting periods resulting in few payouts so far.


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// Rep. Joe Kennedy III: It’s time to legalize marijuana at the federal level

The country needs strong, clear, and fair federal guidelines on marijuana, the congressman says.

More Business headlines

US Treasury to scrutinize all-cash home sales in Boston

Suffolk and Middlesex counties were added to a list of areas where real estate deals are reviewed in an effort to combat money laundering.

“There have been lots of attempts to do this that have failed,” said Alexander Karp (above), the cofounder of Palantir.

Palantir, Merck KGaA form Boston venture to mine health care data

Called Syntropy, it will be aimed at speeding up cancer research.

Michael Bloomberg.

Talking Points AM/Larry Edelman

Bloomberg’s jaw-dropping donation: $1.8b to Johns Hopkins

Plus: Uneasy future for Mass. rest homes, Ghosn is out as Nissan chairman, and a bridge over calm waters.

David’s Bridal files for bankruptcy, but don’t worry, your order is safe

The company says its 300-plus stores will continue to operate and online sales will continue unimpeded during the restructuring.

Carlos Ghosn.

Nissan chairman Carlos Ghosn arrested over financial misconduct allegations

The company said an internal investigation found Ghosn under-reported his income by millions of dollars and engaged in other “significant misconduct.”

The week ahead in business

A storytelling workshop, networking, and other events and things to know.

US Vice President Mike Pence spoke to the media while standing next to a traditional mask display at the end of meetings at the Asia-Pacific Economic Cooperation (APEC) Summit in Port Moresby, the capital of Papua New Guinea, on Sunday.

US-China trade dispute leaves Asia-Pacific Forum without consensus

The trade dispute between the United States and China has led to a standoff at a summit meeting of Pacific Rim leaders.

From his station beside the Eel Pond Bridge in Woods Hole, Michael Botelho watches boat and car traffic and works the controls to open and close the span, sometimes using a hand crank to accomplish the task.


For the Woods Hole ‘tender,’ it’s always bridge season

Michael Botelho has long tended to a small — but important — drawbridge in Woods Hole. He loves the job.

Vertex Pharmaceuticals CEO Jeffrey Leiden helped finance the Massachusetts Innovation Catalyst Fund.

Scott Kirsner | Innovation Economy

Massachusetts must do a better job hyping its digital health care smarts

A much-hyped effort to make the commonwealth a leader in the technology hasn’t made enough progress.

Adrian Walker

Tom Glynn deserves thanks for pushing for development diversity

The former Massport chief made a point of opening up the insular world of Boston developers.


Machines, too, discriminate against black and Latino homebuyers

Even with automation, mortgage bias exists, according to recent findings by researchers at University of California, Berkeley.

Woonsocket, R.I.-based CVS was one of the drugstore chains named in the lawsuit.

Florida sues CVS, Walgreens over opioid sales

The state says the chains oversold painkillers and didn’t take precautions to stop illegal sales.

Liliana Afonseca was excited about the settlement.  She works at the Westin Copley.

Striking Marriott workers will return to work Wednesday with new contract

The workers will return to the job Wednesday after voting in favor of the deal, which was announced earlier Saturday.

Last seen in 2015, FAO Schwarz, the extravagant toy store, has reopened in Manhattan.

Iconic toy store FAO Schwarz makes its comeback

Three years after the beloved New York toy store closed, it’s making a return to Manhattan.

The Amelia Earhart Dam loomed in the background before sunrise.

chesto means business

This dam problem needs to be fixed, cities say

Members of the Mystic River watershed are lobbying Beacon Hill for $5 million to help improve the Amelia Earhart Dam’s pumping capacity.

Martha Sheridan, newly picked chief executive of Boston Convention & Visitor Bureau.

Visitors Bureau picks new chief executive

The Greater Boston Convention & Visitors Bureau’s board on Friday picked Rhode Island tourism honcho Martha Sheridan to be its new chief executive.

Protesters gathered in front of Sanofi in Cambridge on Friday.

Protesters at Sanofi in Cambridge decry high price of insulin

Two mothers Friday tried to deliver the ashes of their two diabetic children to the Cambridge offices of drug giant Sanofi to protest the high price of insulin.

GE stock dips below $8 as November proves to be a cruel month

General Electric’s shares tumbled toward their worst month since the depths of last decade’s recession Friday.

US, Mass. regulators fine Boston startup over cryptocurrency sale

The sale is one of dozens of “initial coin offerings” that caught the eye of regulators amid an investment frenzy last year.

Fidelity Investments is based in Boston.

Fidelity names Steve Neff, top tech executive, to run asset management division

Neff succeeds Charlie Morrison, who is retiring from the Boston-based fund company.

Ex-Bank of America senior VP and husband sentenced for embezzlement

Palestine “Pam” Ace, a former senior vice president, was sentenced to one year and one day in prison for a kickback scheme involving nonprofits.

Talking Points AM/Larry Edelman

Boston Scientific starts cost-cutting drive that could cost some jobs

Plus: Senator Warren presses consulting firms on work for Saudis, Trump’s consistent message on trade, and Night of the Living Artist.

Partners HealthCare.

Partners HealthCare, Harvard Pilgrim end merger talks, for now

Partners’ chief executive said the deal was getting too complicated, but he didn’t rule out future negotiations.

Chinese President Xi Jinping is to meet President Trump this month.

China says talks with US on trade have resumed

Washington and Beijing have resumed talks over their spiraling trade dispute ahead of a meeting between Presidents Xi Jinping and Donald Trump, China’s Commerce Ministry said Thursday.

A team lead by Boston Global Investors was the winning bidder for a Massport parcel in the Seaport. Here's an image of the office building planned for the site. BUSINESS 11-16-18 16CHesto


Massport makes first Seaport office deal with ‘public realm’ requirement

The Massachusetts Port Authority is striking back to improve the look of what some critics have called “Houston-by-the-Sea.”

Weekend agenda

A CBD mixer, a transportation conference, and other events and things to know.

Technology companies, banks lead rebound for US stocks

Health care and industrial stocks also rose, offsetting losses in retailers, homebuilders, utilities, and other sectors.

Menthol cigarettes account for about 35 percent of cigarette sales in the United States.

Flavored e-cigarettes are OK, but FDA to seek ban on menthol cigarettes

The proposed menthol ban would be the most aggressive action the FDA has taken against the tobacco industry in nearly a decade, and it was notable given the Trump administration’s business-friendly approach to regulatory issues.

Hiawatha Bray | Tech Lab

Did Moscow take a miss on the midterms, to wait for 2020?

Cyber specialists said Russian interference over social media was low this election season.

Patriot Ledger to leave Crown Colony office park after three decades

The paper’s 36 editorial employees will relocate to Adams Place on Route 37, 2-plus miles away from Crown Colony.

Boston, MA - 4/26/18 - A light rain and fog hangs over the city. State Street Bank Building on Lincoln St. Photo by Pat Greenhouse/Globe Staff Topic: standalone rain-fog Reporter: XXX

Ex-State Street executive sentenced in secret commissions case

Edward Pennings was handed six months in prison for his role in the fraud. Two State Street executives previously pleaded guilty and were sentenced in the case.

Rendering of The Hub on Causeway.

Talking Points AM/Larry Edelman

I love the nightlife and other top business headlines

Facebook's strategy of delaying and deflecting, Theresa May’s Brexit backlash, and more.

Woburn, MA 021611 LogMeIn of Woburn is a company that specializes in remote-control of computers and teleconference was photographed on February 16, 2011. (Essdras M Suarez/ Glboe Staff)/ BIZ Library Tag 04022011 Business

Elliott Management takes new stake in LogMeIn after share drop

Elliott Management Corp. disclosed that it has again taken a stake in the software company LogMeIn Inc., whose shares have tumbled 28 percent this year.

George Church.

A George Church startup offers free genome analysis

What Google has done with Internet searches and Facebook with sending birthday wishes, a Harvard professor is ready to do with genome sequencing: make it free.

Mark Zuckerberg testified on Capitol Hill in Washington.

Delay, deny, and deflect: How Facebook’s leaders fought through crisis

When Facebook users learned last spring that the company had compromised their privacy in its rush to expand, Facebook sought to deflect blame and mask the extent of the problem.

MassChallenge is looking for a new CEO

John Harthorne is stepping down to form a venture designed to help participants grow after they complete the program.

Boston, MA - 2/27/2018 - Massport CEO Tom Glynn of Massport speaks during a panel to discuss the Boston Globe Spotlight Team's series on race at the JFK Memorial Library in Boston, MA, Feb. 27, 2018. (Keith Bedford/Globe Staff)

Can the Massport board look beyond the usual players as it hires a new CEO?

The Massachusetts Port Authority board hasn’t picked a headhunting firm yet to replace its departing CEO, but the jockeying for the job has already begun.

The ‘Big Night Live’ venue will occupy a floor of the Hub on Causeway Street complex.

Major concert club planned for near North Station

Called “Big Night Live,” the venue is planned to open next fall and will accommodate up to 2,000 people, bringing a high-end nightclub vibe to the neighborhood.

Mark Giannantonio, president of Resorts Casino in Atlantic City, N.J., spoke with a worker about progress on the casino’s new sports betting facility it will open with DraftKings on Nov. 20.

DraftKings to open betting facility in Atlantic City

DraftKings and Resorts Casino are firing the latest shot in New Jersey’s sports book arms race, with a full-fledged sports betting facility due to open in a week.

Bitcoin plummets below $6,000 to lowest level in over a year

Bitcoin tumbled below $6,000 for the first time since August and reached its lowest level in over a year, breaking the recent stretch of tranquility exhibited by the notoriously volatile digital alternative to cash.

P&G employs about 1,350 people in South Boston (above) and Andover.

Chesto Means Business

Gillette battles back in razor business

A P&G spokesman says the grooming business enjoyed double-digit sales and volume growth in the last quarter in the United States.

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.