Settlement may be near for Quebec-to-Mass. power line

If you want to build a massive power line through northern New England, it sure helps to get the Conservation Law Foundation on board.

Saugus, MA - 2/13/19 Head baker Rigoberto Cartagena (cq) flours dough on the sheeter. Kane's Donuts (cq) is opening a new location in Saugus, near the orange dinosaur. (The shop and the dinosaur date from the 1950s.) Co-owner and president Paul Delios (cq) said the expected hard opening will be by March 1. Photo by Pat Greenhouse/Globe Staff Topic: Kane's Reporter: Jon Chesto

Kane’s starts making doughnuts off Route 1 — next to the Orange Dinosaur

Doors will open to the public next week. But the road here began back in the summer of 2016, at a fund-raiser that auto mogul Ernie Boch was holding in Norwood for his Music Drives Us charity.

Fed chairman Jerome Powell said he would need to see rising inflation before backing another hike in interest rates.

Threats to economy spurred Fed to hit pause on rate hikes, minutes show

Federal Reserve policymakers last month were concerned about the adverse effects of the government shutdown as well as rising trade tensions.

Mayor Martin Walsh’s administration announced Wednesday more than $26 million in funds to support affordable housing projects, including 459 new units across seven neighborhoods.

Walsh announces 459 new affordable housing units across Boston

A lion’s share of the funding for the city’s new units — $18 million — comes from the Community Preservation Fund, Mayor Martin J. Walsh said Wednesday.

Latest Business headlines

Microsoft says it has found another Russian operation targeting prominent think tanks

Russian hackers targeted think tanks in Europe in late 2018, months before the upcoming European parliamentary elections, Microsoft said.

Britain says Huawei has not fixed ‘serious’ problems affecting network security

Britain says Huawei has not fixed ‘serious’ problems affecting network security

Trouble at CVS Health long-term care business weighs heavily

CVS Health is setting 2019 earnings expectations well below Wall Street forecasts, as the company struggles to fix part of its business while blending in a major acquisition and attempting to change how customers use its stores.

Deutsche Bank weighed restructuring Trump loans on default risk

Deutsche Bank considered extending repayment dates for loans taken out by the Trump Organization, and ultimately, despite being one of the only banks to work with the group after multiple bankruptcies, halted business with them in 2016.

US stocks cap a day of listless trading with modest gains

Wall Street ended Wednesday with a slight gain, extending the market’s winning streak to a third day.


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Mortgage rates, a health care conference, and other things and events to know.


The day AARP lost me forever

I clearly remember when AARP, the warm, smiling face of the trillion-dollar senior-industrial complex, made a marketing miscalculation that soured me on the group for good.

Siobhan Dullea is the new chief executive of MassChallenge.

MassChallenge gets first new CEO in its 9-year history

Siobhan Dullea will take the reins of the organization from founder John Harthorne.

Report for America fellows Molly Born and Caity Coyne conducted an interview in Holden, W.Va.

Chesto means business

A big boost for local journalism

The Knight Foundation has announced $300 million in grants to support local newsgathering.

The Boston Flower Exchange building and parking lot on Albany Street.

Developers are scrambling for the next Kendall Square. Where will it be?

Kendall Square may be unique in the world for its combination of innovative companies and academic prowess. And developers are using that location as a model as they try to replicate its success elsewhere in the Boston area.

Amazon gives financial boost to St. Patrick’s Day parade

The St. Patrick’s Day parade is marching into a new era with a spring in its steps thanks to a financial boost from Amazon, the e-commerce king.

Boston, MA, 11/13/2018 -- Patrick Wardell, chief executive officer, pauses during a meeting with Pete DeMarco about the death of his wife, Laura Levis. (Jessica Rinaldi/Globe Staff) Topic: 14somerville Reporter:

Cambridge Health Alliance CEO will retire after 4 decades in health care

Patrick Wardell will step down in June but continue leading the investigation into the death of Laura Levis, who had an asthma attack outside CHA’s hospital in Somerville.


A startup talk, a sales hiring event, and other events and things to know.

Stocks bounce back from a wobbly start to extend their gains

Stocks shook off an early wobble on Wall Street Tuesday, finishing modestly higher and extending the market’s gains into a fourth week.

A car transporter loaded with new Honda vehicles is driven out of the Honda manufacturing plant in Swindon, southwest England on February 19, 2019. - Honda announced Tuesday it would shut a major plant in Britain, putting 3,500 jobs at risk as the auto manufacturer became the latest Japanese firm to downsize operations as Brexit looms. The factory in Swindon, southwest England, is Honda's only EU plant and has produced the manufacturer's

Honda to close plant in Brexit-shaken Britain

The Japanese carmaker plans to shut down its car factory in western England in 2021, a fresh blow to the British economy as it struggles with the uncertainty associated with leaving the European Union next month.

Broad Institute targets blood-draw diagnostics

The Gerstner Center will focus on developing a blood biopsy that would monitor a patient’s response to chemotherapy, radiation, or immunotherapy with molecular precision.

Patrick Moscaritolo, in a London cab specially painted for a Boston promotion in the UK in 1998.


Tourism de force: How one man helped make Boston a top travel destination

Patrick Moscaritolo played a pivotal part in expanding Boston’s image beyond Paul Revere and “Cheers,” making it a place where people from around the world come to visit.

China plans to tie Hong Kong, Macau closer to mainland in bid to challenge Silicon Valley

China unveiled a sweeping plan to link Hong Kong and Macau with cities in southern China to create a so-called Greater Bay Area, aiming to make it a high-tech megalopolis.

Pamela Messenger is general manager of Friends of Post Office Square.


Park chief’s bird’s-eye view frames the job

The Friends of Post Office Square’s general manager, Pam Messenger, keeps a close watch on a downtown oasis.

Altaeros, a Somerville startup, tested its blimp, which carries cellular antennas and can be tethered by cables 800 feet above ground, in lieu of traditional cell towers.

Altaeros takes cell service to new heights

Altaeros says strong radio signals from its blimps could help slash the cost of wireless service.

US Deputy Attorney General Rod Rosenstein spoke at a press conference in Washington about Chinese hacking on Dec. 20.

Spike in hacking of US networks is said to be tied to China and Iran

Security experts believe hackers have been energized by President Trump’s withdrawal from the Iran nuclear deal last year and his trade conflicts with China.

Here’s what’s on Boston’s business agenda

A speaker series focused on women in business and tech, a startup mixer, and other events and things to know.

A next-generation 4K television at a demonstration in Las Vegas on Jan. 7.

Hiawatha Bray | Tech Lab

What’s wrong with this picture? Many consumers have 4K gear, but TV services lag

The technology is in tens of millions of homes, but TV networks have yet to make major investments in the format.

A panel of entrepreneurs at HUBWeek 2018. In a new survey, Massachusetts entreprenuers weighed in on the details of the state’s venture capital ecosystem.

Scott Kirsner | Innovation Economy

For local entrepreneurs, it’s often about getting the VC money

Boston remains a very conservative investment community, say many respondents in a recent survey.

Debee Tlumacki for The Boston Globe


Lacrosse standout is benched because his head is too big

A former high school all-star, Alex Chu was recruited for lacrosse at Wheaton College. But now he can’t join his team on the field because they can’t find a helmet large enough for him.

Boston’s famed Durgin-Park restaurant closed last month.

Durgin-Park memorabilia is on the auction block

The items can be previewed at the former restaurant Saturday and Sunday, and online bidding ends Wednesday.

Rapid7 chief executive Corey Thomas will be among the instructors at the April 11 “boot camp.”

chesto means business

Mass. tech council makes a diversity push for boardrooms

Many of the older white guys who typically fill local boardrooms appear to be growing tired of looking across the table and seeing others who look like them.

Crews worked on buildings in Fort Point that will eventually house General Electric’s smaller-than-planned Boston headquarters.

A closer look at the Amazon, General Electric HQ changes

GE and Amazon announced they were scaling back headquarters plans within hours of each other on Thursday — a coincidence that will have ramifications for Boston.

Payless ShoeSource is shuttering all of its 2,100 remaining stores in the United States and Puerto Rico.

Payless ShoeSource to shutter all of its remaining US stores

All stores will remain open until at least the end of March, and the majority will remain open until May.

Rivian’s R1S SUV is under development.

A potential rival to Tesla in electric cars just got a big boost from Amazon

Amazon is leading a $700 million investment in Rivian, a Michigan company that is developing a battery-powered pickup truck and an electric sport utility vehicle.

General Electric Co. vice president Ann Klee (second from left), who led the company's relocation to Boston, participates at a groundbreaking for the new headquarters in Fort Point in May with Governor Charlie Baker, then-GE chief executive Jeff Immelt and Mayor Martin J. Walsh Photo by Pat Greenhouse/Globe Staff


On GE, Baker and Walsh were smart — but also got lucky

For the state, the deal was as much a bet on GE as it was on South Boston real estate.

Activists and community members who opposed Amazon’s plan to move into Queens rallied Thursday in Long Island City to celebrate the company’s decision to pull out of the deal.

Larry Edelman | Talking Points AM

Even Jeff Bezos screws up

Amazon’s breakup with New York City is the kind of story where you can draw your own conclusions and find some evidence to support them. Here are mine.

UMass says it has agreed to turn over the Bayside Expo Center site to a developer in a 99-year lease deal worth $235 million.

UMass Boston will lease Bayside Expo site to developer for $235m

The cash-strapped school will turn over the site to Accordia Partners.

Denver teachers end strike, return to class with pay raises

Denver teachers ended a three-day walkout Thursday and returned to their classrooms after their union reached a tentative deal raising their pay as much as 11 percent.

GE has ditched its plan to build a shiny, 12-story tower along Fort Point Channel.

Chesto Means Business

GE, Amazon HQ shifts could increase the scrutiny for public incentives

Two of the most prominent corporate headquarters deals of this century took major turns Thursday.

Student loan servicers’ frequent mistakes went unpunished, audit finds

The lack of action has driven up costs for taxpayers and for borrowers already owing more than $1 trillion in debt.

A Trader Joe’s could be coming to Fort Point

Representatives of the grocery chain met Thursday evening with the Fort Point Landmark commission.

Facebook confirmed it is in discussions with the FTC but declined to comment further.

US, Facebook negotiating record multibillion-dollar fine after privacy lapses

If talks break down, the FTC could take the matter to court in what would likely be a bruising legal fight.

A ‘‘Shame on the Blocks!’’ newsroom poster, referring to the paper’s owners, reportedly triggered a confrontation.

Pittsburgh paper’s staffers say its intoxicated publisher threatened them with firings

A union at the Pittsburgh Post-Gazette has filed a federal labor complaint, and some reporters have refused to return to work, out of fear.

Activists and others who opposed Amazon's plan to move into Queens rallied in celebration of Amazon's decision to pull out of the deal on Thursday.

Amazon pulls out of planned New York City headquarters

Amazon faced an unexpectedly fierce backlash from some lawmakers and union leaders, who contended that a tech giant did not deserve nearly $3 billion in government incentives.

Stocks close mostly lower, ending S&P 500’s 4-day winning streak

US stock indexes clawed most of the way back from an early slide Thursday to finish mostly lower, ending a four-day winning streak for the benchmark S&P 500 index.

Former Insys CEO Michael Babich left federal court after a hearing last month.

Former CEO said he was made the ‘fall guy’ for opioid maker Insys

It was the third day of testimony for Michael Babich, who presided over an aggressive marketing campaign to sell the painkiller Subsys.

People walked through the Long Island City neighborhood of  New York City, where Amazon was planning to put one of its new HQ2 locations.

Amazon drops NYC as one of its new HQ2 locations

The stunning reversal comes after the online retail giant had faced opposition as it sought to build a massive operation in the city.

GE to sell Fort Point HQ, give back $87m to state

General Electric will reimburse the state for the incentive package that helped convince the company to move its headquarters here, as it looks to sell its Fort Point property.

FILE- In this Nov. 16, 2018, file photo graffiti has been painted on a sidewalk by someone opposed to the location of an Amazon headquarters in the Long Island City neighborhood in the Queens borough of New York. Amazon said Thursday, Feb. 14, 2019, that it is dropping New York City as one of its new headquarter locations. (AP Photo/Mark Lennihan, File)

Read Amazon’s full statement on pulling out of NYC expansion

Amazon, the online retail giant, announced Thursday that it is canceling plans to open a New York headquarters as part of its HQ2 expansion.

Business agenda

Mortgage rates, and other events and things to know.

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.