PTC chief executive says move to the Seaport has paid off

PTC just celebrated its first year in Boston, and its offices are a far cry from the old digs in Needham.

Newton referendum could have broader implications on development

Northland supporters point to the potential chilling effect: What message will a no vote send if a prominent developer can win a hard-fought city council approval, then lose at the ballot box?

athenahealth seeks stability after period of turmoil

The Watertown-based health care technology company has new owners, a new CEO, and a new focus on its core business.

In a bid to attract less-affluent gamblers, Encore resort casino recently added the “Encore Cantina” taco truck to the gaming floor.

With a food truck and more, Encore is looking to appeal to the low-rollers, too

The glitzy $2.6 billion resort — which has fallen well short of revenue projections — wants people who are not living a life of nonstop luxury to know that lower rollers are welcome, too.

Latest Business headlines

Wells Fargo reaches $3 billion settlement with DOJ, SEC over fake-accounts scandal

Wells Fargo reaches $3 billion settlement with DOJ, SEC over fake-accounts scandal

These 2 Mass. breweries just made the top 4 on a list of the best worldwide

A popular beer-rating website has released its latest list of the top 100 brewers in the world — and two of the top four spots were claimed by Massachusetts breweries.


Microsoft to invest $1.1b in Mexico

Stories you may have missed from the world of business.


Mass. cyber cluster’s strength will be underscored at Calif. trade show

Here’s what we will see in San Francisco: a wicked strong Massachusetts presence, one that reflects the powerful cluster of cyber companies in Greater Boston.

What, Fidelity worry?

These are tenuous times for financial companies. Falling prices and persistently low interest rates are squeezing profits on many of the products and services they offer, from managing funds and other investment assets to credit cards and merger advice.


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// Developing new antibiotics requires new incentives, experts say

The private sector is unwilling to take on the financial risk, experts say, despite desperate need.

More Business headlines

Sycamore Partners will buy 55 percent of Victoria’s Secret from L Brands for about $525 million. L Brands will retain the remaining 45 percent. Victoria’s Secret will become a private company.

Struggling Victoria’s Secret sold, to go private

Victoria’s Secret, which once defined sexy with its leggy supermodels prancing around in their bras and oversized angel wings, is being sold.

Braintree’s Barnes & Noble is closing Saturday, but not for the reason you might think

The bookstore chain says it wasn’t willing to sign a more expensive lease, but hopes to find a new location nearby.

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S&P 500 spins lower in choppy trading as caution returns

Market-watchers said they didn’t see one clear trigger for the movements, which were reminiscent of the market’s sudden shifts during the height of the US-China trade war.

Workforce software firm Kronos to merge with rival

The Lowell company’s CEO will helm the new operation after it combines with Florida’s Ultimate Software.

Fidelity spins off business that helps consumers control financial data

FMR, parent of the Boston-based financial services giant, said Thursday that Akoya will become an independent company jointly owned with 11 banks and Clearing House Payments Co.


LendingClub buys Radius Bank

Stories you may have missed from the world of business.

‘No longer are tech companies the underdog upstarts. They have become titans,’’ Attorney General William Barr said in a speech.

Barr blasts big tech, questioning its protection from liability for content

‘No longer are tech companies the underdog upstarts,’’ the attorney general said. ‘‘They have become titans.’’

Groundings of the Boeing 737 Max aircraft contributed to an increase in flight cancellations at American, Southwest, and United.

It’s not you: 2019 was a bad year for US air travelers

Forget about perks like miles, meals, and movies. At their core, airlines promise a simple service — timely transportation — yet they made little progress toward improving that basic offering last year.

GE tries to break Rolls’ grip on engines for Airbus jet

General Electric Co. is in talks with Airbus SE to offer engines for the A330 jet, people familiar with the matter said, aiming to break Rolls-Royce Holdings Plc’s grip as the sole engine provider for the wide-body plane.


Plans for East Boston commuter boat are now on deck

Politicians have long talked about reviving commuter boats in East Boston. Now that talk finally seems to be turning into action.

YOKOHAMA, JAPAN - FEBRUARY 19: A bus carrying passengers who will take the flight chartered by the government of the Hong Kong Special Administrative Region of the People's Republic of China drives past the quarantined Diamond Princess cruise ship docked the Daikoku Pier on February 19, 2020 in Yokohama, Japan. About 500 passengers who have tested negative for the coronavirus (COVID-19) were allowed to disembark the cruise ship on Wednesday after 14 days quarantine period as at least 542 passengers and crew onboard have tested positive for the coronavirus. Including cases onboard the ship, 615 people in Japan have now been diagnosed with COVID-19 making it the worst affected country outside of China. (Photo by Tomohiro Ohsumi/Getty Images)

Cruise giant Carnival works to manage deepening coronavirus crisis

The arrival of the Westerdam cruise ship in Cambodia seemed like cause for celebration.

Climate activists have a target: Harvard’s endowment

Environmentalists have been encouraging Harvard for years to divest from fossil fuels, but the campaign has intensified in recent months and the university is being hammered on multiple fronts to pull its endowment out of investments in oil, gas, and coal companies.


CVS receives subpoena from DEA over handling of opioids, controlled substances

Stories you may have missed from the world of business.

Stocks fall on Apple revenue warning; Dow drops 165

US stock indexes closed with mostly modest losses Tuesday as the market gave up some of its solid gains from the past two weeks.

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Facing unrest in Hong Kong and coronovirus threats, global bank HSBC will cut 35,000 jobs

HSBC plans to cut 35,000 jobs over the next three years as the global bank scales back its Western operations to focus on faster-growing Asian markets, particularly China.

US Special Representative for Venezuela Elliott Abrams during a briefing at the US Department of State about new sanctions February 18, 2020, in Washington, DC. - The United States on Tuesday announced sanctions against a subsidiary of Russian state-controlled oil giant Rosneft over its continued trade with Venezuela in defiance of Washington's attempt to break leftist President Nicolas Maduro's grip on power. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

Court reinstates order for Russia to pay $50 billion over Yukos

In a major legal defeat for the Russian government, a Dutch appeals court on Tuesday reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos.

For ‘angel’ investors, tax credit program has been hellish

Nearly four years after Governor Charlie Baker signed a law creating an "angel investor" tax break, the incentive remains unavailable and investors are puzzled and frustrated.


Pier 1 files for bankruptcy

Stories you may have missed from the world of business.

Amazon CEO Jeff Bezos, the world's richest man, said in an Instagram post that he'll start giving grants this summer to scientists, activists, and nonprofits working to protect the earth.

Bezos says he will commit $10 billion to fight climate change

The Amazon founder and CEO said the grants will go to individuals and organizations from around the globe.


Stories you may have missed from the world of business


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United and Southwest extend halt on Boeing 737 Max flights

Two of the three US carriers that use Boeing’s 737 Max jetliner have postponed scheduling flights on the plane, the latest in a series of delays over the last year.

Prosecutors said Michael Avenatti threatened to hurt Nike’s reputation unless the company paid him.

Michael Avenatti is convicted of trying to extort Nike

Michael Avenatti, the combative lawyer who gained fame by representing a porn star in lawsuits involving President Trump, was convicted Friday of trying to extort sportswear giant Nike.

Facebook reverses on paid influencers after Bloomberg memes

Facebook has decided to let political campaigns pay online influencers to spread their messages, a practice that had sidestepped many of the social network’s rules governing political ads.

Fox TV affiliation won’t change in Boston, WHDH to remain independent

Ed Ansin had sought to link his Channel 7 with the network.

Chinatown parking lot will be the site of a 350-foot-tall affordable housing building

The Tremont Street tower will also include a 200-room hotel and parking for Tufts Medical Center.


Boston-New York seaplane service gets the go-ahead

Stories you may have missed from the world of business.

The publisher of the Miami Herald, Kansas City Star, and other regional dailies has been saddled with debt since its $4.5 billion takeover of a much bigger rival, Knight Ridder, in 2006.

Newspaper giant McClatchy files for bankruptcy

The publisher is hobbled by debt and declining print revenue.

Judy Shelton, one of President Trump’s nominees for the Federal Reserve, said she would bring “intellectual diversity” to the Fed.

Trump Fed nominee Shelton faces skepticism at Senate hearing

One of President Trump’s nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it.

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Parkland parents, survivor seek support of businesses on gun control

A day before the second anniversary of the mass shooting in Parkland, Florida, parents of one of the victims, along with survivor David Hogg, came to Boston on Thursday to unveil an initiative aimed at encouraging businesses to support gun safety laws.

Microsoft was awarded the 10-year cloud computing pact by the Defense Department but Amazon oppsed the deal.

Siding With Amazon, judge halts work on Microsoft’s JEDI contract

A federal judge in Washington ordered Microsoft on Thursday to halt all work on a $10 billion cloud-computing contract for the Pentagon, in a victory for Amazon, which had challenged the awarding of the contract.

Solace for laid-off Wayfair workers: Other Boston tech companies are hungry for talent

With tech companies in Boston routinely describing a shortage of talent as one of the main limits to their growth here, many laid-off Wayfair employees should have options.

The beer is finally flowing at the Sam Adams taproom

After two years of construction and delays, Boston Beer’s three-level downtown space is open for business.

Jim Murren, MGM’s longtime chief executive, to step down

MGM Resorts International’s longtime chairman and chief executive officer, Jim Murren, plans to step down before his contract expires.

Global financial giants swear off funding an especially dirty fuel

Some of the world’s largest financial institutions have stopped putting their money behind oil production in the Canadian province of Alberta, home to one of the world’s most extensive, and also dirtiest, oil reserves.

Softbank Group CEO Masayoshi Son attends a press conference to announce the company's financial results for the nine months to December 2019, in Tokyo on February 12, 2020. - Major Japanese technology investor SoftBank Group said on February 12 its net profit plunged nearly 70 percent for the nine months to December as investments in sharing economy companies including WeWork and Uber took a hit. (Photo by STR / JIJI PRESS / AFP) / Japan OUT (Photo by STR/JIJI PRESS/AFP via Getty Images)

Softbank Group takes a $2-billion hit from bad bets

SoftBank Group has taken another multibillion-dollar hit from its ambitious but costly bets on once high-flying companies like Uber and WeWork, putting growing pressure on the Japanese conglomerate to get its financial house in order.

FILE- This July 16, 2013, file photo, shows a sign at Facebook headquarters in Menlo Park, Calif. Adam Pezen, Carlo Licata and Nimesh Patel are among the billions of Facebook users who use the site to keep up with friends. And like millions of others, the three men shared their own photographs and were

Facebook disables malicious accounts

The social media giant said it had taken action against malicious actors in Russia, Iran, and Myanmar that had deployed fake accounts and other efforts to manipulate users.

Solid earnings send stock indexes higher on Wall Street

Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs. Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest gains came as worries about the economic impact of the virus outbreak that originated in China continued to subside. Health officials raised hopes that the spread of the virus is peaking after new cases dropped for a second straight day. Worries about the economic impact of the outbreak fueled a wave of selling that erased the market’s gains in January, but traders have since largely set aside their jitters. The S&P 500 index is up 4.8 percent so far this month, on pace for its biggest monthly gain since June. “You have the continuing good news on the coronavirus potentially slowing and being under control, and that’s obviously powerful,” said Tom Martin, senior portfolio manager with Globalt Investments.

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.