Downfall of Sears may boost a major development project at CambridgeSide

The closure of the Cambridge Sears could help an even larger project that would include office space and housing where the store and the mall’s garage now stand.

Tech Lab

Can fake news go the way of spam?

Researchers are using AI techniques similar to spam filters to weed out fake news.

Airbnb is among the well-known short-term rental firms.

State’s stalled plan to regulate Airbnb leaves cities in limbo

For two months, lawmakers and Governor Baker have been in a standoff over legislation — passed in the waning hours of the 2018 session — to tax and regulate short-term rentals.

Jennifer Theriault and Siobhan Cruise are emergency room nurses in Brockton.

Not all nurses back ballot question to regulate staffing

Many nurses, including some in the union, worry about loss of flexibility on the job if a ballot measure passes Nov. 6.

Latest Business headlines

Trump wants drug makers to disclose prices online

HHS Secretary Alex Azar suggested the policy change would help bring down drug prices.

More Wall Street executives pull out of Saudi conference, but Mnuchin plans to attend

The disappearance of a Saudi dissident journalist has put Steven Mnuchin, the US Treasury secretary, in an increasingly awkward position as he prepares to attend an investment conference in Riyadh next week.

Girdles and socket wrenches: Sears was the Amazon of its day

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears.

Inner-city entrepreneurs get boost from Grossman

Under Grossman’s watch, the Initiative for a Competitive Inner City has broadened its scope, from three cities to 11 this year, with four more planned for next year

Fidelity starts cryptocurrency unit to serve Wall Street customers

Fidelity Investments is jumping into the emerging cryptocurrency arena with a new business to manage digital assets for hedge funds, family offices and trading firms.

Sponsored by Rockland Trust Bank

Flipping Wahlburgers across the country

Famous family's burger chain success is more comfort food basics than Hollywood sizzle.

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Special section | Game Changers

// 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.


// Six years in science: A story of obsession, isolation, and moments of wonder

In the laboratory, I felt like I understood life. But endless hours spent as a biology researcher at MIT also came with costs.

More Business headlines

Industrial market is hot in Boston, but is it hot enough to save the city’s middle class?

High office rents and soaring home prices get the attention, but Greater Boston’s industrial market is also on fire right now.

Business agenda

A job fair, a biotech panel, and other events and things to know.

FILE - This Wednesday, April 19, 2017 file photo shows the beer cooler behind the counter in a convenience store in Sheridan, Ind. In future sweltering years with a double whammy of heat and drought, losses of barley yield can be as much as 17 percent, computer simulations show. And that means “beer prices would, on average, double,” even adjusting for inflation, said a study published in the journal Nature Plants on Wednesday, Oct. 17, 2018. (AP Photo/Michael Conroy)

Global warming could leave us crying in our costlier beer

Add beer to chocolate, coffee, and wine as some of life’s little pleasures that global warming will make scarcer and costlier, scientists say.

Long-struggling retailer Sears has filed for Chapter 11 bankruptcy.

After decades of decline, Sears files for Chapter 11 bankruptcy

The retailer is buckling under its massive debt load and staggering losses.

Sanofi Genyzme seeks up to 400,000 square feet in Cambridge

The added space would be enough to house around 2,000 employees.

The week ahead in business

A hacking competition, a data conference, and other events and things to know.

Sears is preparing a Chapter 11 bankruptcy filing to cut its debts and keep operating at least through the holidays, according to two people briefed on the matter.

Sears, once a place to buy everything, nears a bankruptcy filing

The chain more than a century ago pioneered the strategy of selling everything to everyone. Is it nearing its end?

Stat | Pharmalot

Vertex also faces a drug-price fight in Canada

Another country is battling with the Boston drugmaker over its cystic fibrosis medicines.

XL Fleet CEO Tod Hynes decked out a small conference room with hockey gear and dubbed it the penalty box.


There’s an energy in offices of XL Fleet

At a Brighton company that helps convert auto fleets to hybrid power, there’s also room for power plays.

The Future Investment Initiative was supposed to draw a who’s who of corporate America to Riyadh later this month. Now, it might be too hot to touch.

chesto means business

Saudi conference puts local execs on the hot seat

The Future Investment Initiative conference was supposed to draw a who’s who of corporate America to Riyadh. But the disappearance of a journalist has changed that storyline.


Put stock market plunges in perspective

If you can ride the waves, you’ll ultimately increase your wealth.

A gas turbine at the General Electric energy plant in Greenville, S.C.

GE investors get reality check as critics see rough road ahead

A pair of General Electric Co.’s most prominent critics is reminding investors that solving all of the company’s problems won’t be as simple as appointing a new CEO.

Facebook has said the attackers gained the ability to ‘‘seize control’’ of user accounts by stealing digital keys the company uses to keep users logged in

Facebook says hackers accessed personal data from 29m accounts

The company has a website where its 2 billion global users can use to check if their accounts have been accessed.

Athenahealth has multiple bidders for sale of the company

Athenahealth Inc. is attracting interest from at least five potential bidders as an auction for the health record technology company nears an end, according to people familiar with the offer.

The Facebook logo.

Facebook says hackers accessed 29m people’s accounts, private information

For 14 million of those accounts, hackers got even more data, such as hometown, birthdate, the last 10 places they checked into or their 15 most recent searches.

Rethink Robotics’ Baxter lost out to a faster, simpler, and smaller competitor from Denmark.

Scott Kirsner | Innovation Economy

Businesses want robots that are problem solvers

In the failure of once-promising Rethink, there are lessons for other robotics makers.

Under Rick Lord’s leadership, AIM became a formidable presence on Beacon Hill, respresenting the views of more than 4,000 employers.

Rick Lord to step down as head of the influential trade group AIM

Under his leadership, the organization has been a vocal presence on Beacon Hill.

An artist’s rendering of the 21-story hotel approved for Kneeland Street in the Leather District.

A 230-room boutique hotel is coming to the Leather District

Plans call for a 21-story building on the site of a closed Kneeland Street restaurant.

President Trump (right) and Chinese President Xi Jinping.

World markets claw back losses on possible Trump-Xi meet

Global stock indexes rose Friday after their recent sharp declines on hopes that President Trump and his Chinese counterpart, Xi Jinping, will meet.

Facebook said Thursday that it shut down more than 800 accounts for breaking rules against spam and coordinated deceit, some of it by ad farms pretending to be forums for political debate.

Facebook purged over 800 accounts and pages pushing political messages for profit

The move that could reignite accusations of political censorship.

Newsweek was bought by IBT Media in 2013. Last year, the company changed its name to Newsweek Media Group.

Newsweek’s former owner is charged in $10 million fraud

Newsweek magazine, the onetime media powerhouse, was at the center of a multimillion-dollar fraud and money-laundering conspiracy, according to an indictment by Manhattan prosecutors that was unsealed Wednesday.

Lawyer Benjamin Brafman (right) argued that the dismissal of a charge related to accuser Lucia Evans had “tainted” the prosecution’s entire case against Harvey Weinstein (seated).

Weinstein gets one sexual assault charge dismissed

A judge dismissed one of six criminal charges against disgraced Hollywood mogul Harvey Weinstein on Thursday after prosecutors acknowledged that they had discovered inconsistencies in statements made by one of his accusers.

Workers and supporters picketed outside the Sheraton Boston by Marriott.

Chesto Means Business

Owners of hotels hit by Boston strike enjoy hefty profits

Maryland-based Marriott isn’t the only company raking it in from the Boston hotels. The actual owners of these Marriott-managed properties get a big piece, too.

Weekend agenda

A sustainability expert, a coding workshop, and other events and things to know.

Christopher Fox at Skinner Auctioneers and Appraisers in Marlborough. He’s an authority on military artifacts.


Antique shopping takes time, but the rewards can be many

Christopher Fox of Skinner Auctioneers and Appraisers sees a future in mining the past.

(FILES) In this file photo taken on July 20, 2018, packs of freshly printed 20 USD notes are processed for bundling and packaging at the US Treasury's Bureau of Engraving and Printing in Washington, DC. - The dollar slid versus the euro on August 24, 2018, while stock markets mostly rose before a key speech by the head of the Federal Reserve.

Higher interest rates: Sign of economic strength or a risk? Try both

Fed officials last month raised its key short-term rate for the third time this year, and a fourth hike is likely before year’s end.

FILE- This Wednesday, Oct. 10, 2018, file photo shows a screen above the floor of the New York Stock Exchange shows the closing number of the Dow Jones industrial average. The last time the stock market was falling this much, this fast, earnings season came to the rescue. Earlier this year, a parade of companies lined up to report profits that were even fatter than Wall Street had forecast, which helped turn momentum and get stocks back on the upswing. (AP Photo/Richard Drew)

Dow drops 545 points; two-day loss of 5.3 percent is largest since February

Stocks slumped for a second straight day as the market endures its most volatile stretch since February.

A lounge and study area at a Scape building in London.

This company wants to spend $1 billion on private dorms in Boston

A British company is making a major investment in Boston — a move that could help meet the huge demand and establish a new model for college housing.

US President Donald Trump

Trump blames Fed for stock rout, says central bank ‘ridiculous’

‘‘That’s ridiculous what they’re doing,’’ President Trump told Fox News on Thursday morning. ‘‘I’d like our Fed to not be so aggressive because I think they’re making a mistake.’’

Trader Michael Milano worked on the floor of the New York Stock Exchange on a wild Wednesday.

Evan Horowitz | Quick Study

What’s behind the stock market swoon? A little of everything

As markets seek to stabilize after Wednesday’s deep dive, interest rates, bond yields, and China remain concerns for investors.

There were no good spots for investors to hide, as cryptocurrencies joined Thursday’s selloff.

Bitcoin tumbles as cryptocurrencies join global market selloff

It looks like the days of cryptocurrencies being a safe-haven for investors with a high degree of detachment from the global market are coming to an end.

Jungeun Lee, a senior accountant at Corbus Pharmaceuticals practices her form during a boxing class at TITLE Boxing Club in Norwood., Tuesday, Oct. 9. 2018. Gretchen Ertl for The Boston Globe.

In the red-hot race to fill biotech jobs, benefits abound

The Massachusetts biotechnology sector is growing so fast that employers are offering increasingly generous — and almost unheard of — benefits to attract and keep workers.

NEW YORK, NY - OCTOBER 10: People walk by the New York Stock Exchange (NYSE) on October 10, 2018 in New York City. Stocks fell sharply on Wednesday following a decline in tech shares and concerns over rising rates. The Dow Jone Industrial average closed down over 800 points. (Photo by Spencer Platt/Getty Images)

Q&A: Why rising interest rates are shaking financial markets

Rising interest rates were a big component in Wednesday’s equity sell-off that saw the Dow lose more than 800 points.

Google’s Waze expands carpooling service throughout US

Google will begin offering its pay-to-carpool service throughout the United States, an effort to reduce the commute-time congestion that its popular Waze navigation app is designed to avoid.

Traders worked on the floor near the close of trading on the New York Stock Exchange Wednesday in New York. Wall Street stocks dropped Wednesday, with major indexes losing more than 3 percent.

Stocks plunge, as fresh tensions with China batter tech shares

Stocks suffered their steepest drop in eight months on Wednesday, as rising interest rates gnawed at investors and as previously high-flying technology shares tumbled.

A CVS pharmacy location in Manhattan, Oct. 8, 2018. A $69 billion merger between CVS Health and Aetna, a big health insurer, has been approved by the Justice Department, so long as Aetna sells off its private Medicare drug plans. (Bryan Anselm/The New York Times)

$69b merger of CVS Health and Aetna is approved, with conditions

The era of giant pharmacy managers has been upended, with the $69 billion merger of CVS Health and Aetna, a big health insurer.

Sears owner Eddie Lampert has been using his own money to keep the retail chain afloat.

Sears is preparing for bankruptcy as soon as this weekend

The long goodbye for America’s most iconic retailer inches closer to an ending.

Braintree businessmen in a tug of war over billboard rights

The Braintree Billboard Brawl of 2018 isn’t going to be pretty.


What does the CVS-Aetna merger mean for Massachusetts?

The Department of Justice’s blessing for CVS Health’s takeover of Aetna will have ripple effects that go far beyond the candy racks of your local drugstore.

FILE- This Jan. 4, 2018, file photo shows the interior of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 10. (AP Photo/Mark Lennihan, File)

Dow plunges 831 points as stocks suffer worst loss in eight months

The Dow Jones Industrial Average saw its worst drop in eight months, led by sharp declines in technology stocks. The selloff happened amid fears that rising interest rates and growing expenses will erode company profits next year, one analyst said.

Business agenda

A pitch competition, a coaching session, and other events and things to know.

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.