Deal to sell Woburn font company is not the type this investor likes

The Woburn foundry behind some of the world’s best known fonts has found a buyer. But one of its biggest investors says the price significantly undervalues the business.

The Tootsie Roll plant is something of a throwback to a time when Cambridge was a much different place than the biotechnology hub it has become.

In biotech hub Cambridge, there’s still room for Junior Mints

Tootsie Roll Industries Inc. is planning a modest expansion of the century-old Cambridge factory where it produces the entire world’s supply of Junior Mints.

Roger Berkowitz, CEO of Legal Seafoods, has a unique way to forecast the economy: sales of hard liquor at his restaurants. And he says those sales are up just a bit, indicating that his customers may be worried.


Recession on the horizon? Local business leaders aren’t convinced

They’re on alert, yes, but few business leaders in the Boston area seem to expect the economy to fall off a cliff.

Sales growth has slowed at T.J. Maxx and other TJX stores.


TJX’s sales growth has slowed, but it’s still making its brick-and-mortar strategy work

When the news hit the wire Tuesday morning, you could picture investors wondering: Has the TJX Cos. juggernaut started to run out of steam?

Latest Business headlines

Tomato trade war eases as US agrees to end Mexico tariffs

The agreement, which also ends a dumping probe by the Trump administration, is expected to head off calamity for the Mexican tomato export industry.

Fed officials widely divided on rates at July meeting

Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all.

Retailers’ results show sharp divide between losers, winners

The divide between retail winners and losers is widening.

‘Stranger Things’ fans bring cameras, wallets to Georgia

Soon after Netflix released “Stranger Things,” fans of all ages flocked to local businesses in Georgia where the show filmed, some dressed as characters from the show, looking to recreate iconic scenes.

Stocks climb after big US retailers post solid earnings

Strong earnings reports from several big retailers helped drive stocks broadly higher Wednesday as the market bounced back from its first loss in four days.


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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

Business agenda

A vocal training, mortgage rates and other events and things to know

WASHINGTON, DC - AUGUST 21: U.S. President Donald Trump speaks to the media before departing from the White House on August 21, 2019 in Washington, DC. President Trump spoke on several topics including the U.S. economy and why he canceled his trip to Denmark. (Photo by Mark Wilson/Getty Images)

Trump says he’s the ‘chosen one’ to take on China over trade

“This is a trade war that should have taken place a long time ago,” President Trump told reporters at the White House. He added: “Somebody had to do it. I am the chosen one.”

President Trump.

US budget gap set to top $1 trillion in 2020, two years sooner than expected

The deficit will expand faster than thought after recent legislation that raised spending levels, according to the Congressional Budget Office.

Ted Ashburn, chief executive of Oncorus.

Oncorus raises $79.5m to develop solid tumor cancer drug

The company plans to use the funds to bring a drug that targets solid tumors found in different types of cancers — including breast, skin, and liver cancers — to clinical trial in early 2020.

British Prime Minister Boris Johnson’s government said that, after Sept. 1, officials will “stop attending most EU meetings” to focus on future ties with the bloc and other nations.

EU rebuffs Johnson bid to reopen Brexit deal as deadlock remains

Concerns over the Irish border were the latest in a series of disagreements leading the EU and Britain to sink deeper into their irreconcilable positions on a Brexit divorce deal.

Wayfair’s store offers virtual reality technology to help customers visualize home designs that utilize the company’s furniture and other products.

At Wayfair’s first store, the website isn’t far away

The Boston-based e-commerce giant’s first brick-and-mortar store opens Wednesday at the Natick Mall.

Trump presses carmakers not to join Calif.’s fight against easing Obama-era pollution rules

Trump’s plan is at odds with the wishes of many automakers, which fear a legal battle between California and the federal government that could split the US car market.

President Trump and his advisers are considering options to stimulate the American economy as indicators that the administration previously used to boast of an economic “boom” have fizzled on the back of Trump’s escalating trade fights.

Trump says he’s exploring ‘various tax reductions’ as economy slows

Several indicators suggest that the effects of Trump’s trade fights with China and Europe and a slowdown in global growth are dragging on the US economy and eroding the short-term boost from the president’s 2017 tax cuts.

New British Prime Minister Boris Johnson’s government said as of Sept. 1 it would stop attending all EU meetings where its vital interests were not at stake, dimming prospects for any breakthrough in Brexit negotiations ahead of a summit of G-7 leaders this weekend.

UK, EU harden their positions on Brexit as G-7 nears

Concerns about the Irish border are the latest in a series of disagreements pushing the European Union and Britain deeper into their irreconcilable positions on a Brexit divorce deal.

Major stock indexes slip, ending a 3-day rally

Stocks fell broadly on Wall Street Tuesday after another slide in bond yields and a mixed batch of corporate earnings weighed on the market.

University president Larry Bacow announced Tuesday in a statement that Harvard will put another $20 million toward a low-interest loan program that helps to fund apartment and condominium buildings for lower- and middle-income residents.

Harvard renews its affordable housing program with $20m

The school will put the money toward a low-interest loan program that helps to fund apartment and condominium buildings for lower- and middle-income residents, mainly in Boston and Cambridge.

Business Agenda

Social mixers, a startup pitching competition, and other events and things to know.

Sarepta Therapeutics headquarters in Cambridge, Massachusetts.

FDA rejects Sarepta Therapeutics’ second Duchenne drug

Investors are still trying to figure out what the decision means for Sarepta moving forward. Here are some thoughts and questions on the subject.

Facebook said Tuesday that it is adding a place where users can see the activity that the social media site tracks outside its service. If they want, they can turn it off.

Facebook rolls out tool to block off-site data gathering

Off-site tracking is how Facebook targets users with ads, so by disconnecting your off-Facebook activity from your profile, you can decrease the number of familiar ads you see on your feed.

FILE - In this March 25, 2019, file photo, from left, Steve Carell, Reese Witherspoon and Jennifer Aniston speak at the Steve Jobs Theater in Cupertino, Calif. Apple is offering a first look at its web television series “The Morning Show.” It posted a teaser of the show, which stars Reese Witherspoon, Jennifer Aniston and Steve Carell. The drama seeks to give a behind-the-scenes view of early-morning TV. “The Morning Show” will debut this fall on AppleTV+. (AP Photo/Tony Avelar)

Apple targets Apple TV+ launch in November, weighs $9.99 price after free trial

Apple will introduce a small selection of shows and then expand its catalog more frequently over several months, and a free trial is likely as it builds up its library.

bold types

David Howse on ArtsEmerson’s efforts to reflect the city’s diversity on its stage — and in its audience

“We wanted to figure out if we could actually create a space where everyone, even those who have not always traditionally felt welcome, could own these spaces and really belong here,” Howse said.

Wareham , MA - 8/20/2019 - Thomas P. OÕConnell stands on what would be the Grandstands overlooking the Racetrack and Casino where Quincy-based development group (Notos Group LLC) wants to build a $300M casino/racetrack, and an accompanying sports complex at the Glen Charlie Road site of the proposed project on land currently owned by Graziano Redi-Mix, a gravel and concrete products company in Wareham. - (Barry Chin/Globe Staff), Section: Business, Reporter: Jon Chesto, Topic: 21horsetrack, LOID: 9.0.647214829.

Quincy developer unveils horse track, casino plan for Wareham

A Quincy developer is promoting an ambitious plan for Wareham to build a new horse track along with a hotel and entertainment complex with slot machines.

Inside the headquarters of Elizabeth Warren’s presidential campaign, scenes include (clockwise from top left) a suit of armor bearing the rallying cry of “Persist;” staffers on scooters; a wall of letters from supporters; and a lending library put together by staff.


Inside Elizabeth Warren’s Charlestown campaign HQ

Elizabeth Warrren’s operation hums inside Charlestown’s Acme Binding building, including a pair of cornhole boards penciled with the word “Persist” and a suit of armor dubbed “Sir Plans Alot.”

Business agenda


US gives companies more time to cease doing business with Huawei

A 90-day extension is intended to give rural telecommunications time to wean themselves off the Chinese company, which supplies parts and equipment.

President Trump on Monday decried “the horrendous lack of vision by Jay Powell and the Fed.” Jerome Powell, shown in this 2017 photo with Trump, was the president’s choice to chair the Federal Reserve.


Trump’s claim of an economic plot against America betrays a whiff of desperation

If there is a recession before the election, it won’t be the president’s fault. His campaign rallies will be one long tirade against colluding immigrants, Muslims, socialists, gun haters, and . . . the Fed!

Tech stocks drive a broad rally on Wall Street

Technology companies powered a rally that gave the market its third straight gain.

The 114-room Ames Hotel on Court Street is under agreement to be sold to Suffolk University.

Suffolk University aims to turn boutique downtown hotel into a dorm

Suffolk has an agreement to buy the well-known Ames Hotel after outbidding hotel operators.

Jeff Carlson


Despite customers’ cord-cutting, RCN’s expanding

Bold Types: With all the cord-cutting going on these days, it’s rare to see a cable TV company expand into more Massachusetts cities and towns.

JPMorgan Chase’s CEO, Jamie Dimon, said corporations must commit to the “future success of our companies, our communities and our country.”

Shareholders’ interests can no longer be the overarching value for corporations, CEO group says

Faced with mounting discontent over climate change, income inequality, and working conditions, 181 CEOs pledged to revise a long-standing principle of corporate governance.

The network speeds of cellular phone users watching online video are probably throttled more than you think.

Wireless carrier throttling of online video is pervasive

US wireless carriers have long said they may slow video traffic on their networks to avoid congestion and bottlenecks. But new research shows the throttling happens pretty much everywhere all the time.

Brittany Fricke performed surface grinding on parts for thermal imaging and night vision cameras at Peerless Precision, Inc.


From Western Mass., Trump’s trade war looks like a ‘fistfight’

Some companies are holding off on expansion plans because they’re not sure how the US-China dispute will play out.

Reusable bags at the Big Y.

Massachusetts plastic bag ban is now tied up in Beacon Hill

Some of the most adamant supporters of efforts to ban single-use plastic carryout bags say they can’t support the bill.

Last Wednesday was not a good day for the Dow.


Are we on the verge of a recession? It’s unlikely — at least this year

Looking at the rest of 2019, almost all forecasters say not to expect a recession. But the picture is much less certain if we peer farther down the road.

The number of companies with international operations has been on the increase.

When colleagues are spread around the globe, work is a different world

As companies expand their international teams, time zone, communication, and cultural challenges persist.

Tami Furuta’s car was damaged by an Amazon Flex driver, and she struggled to make the giant retailer pay her $500 deductible.

Sean P. Murphy | The Fine Print

She was hit by an Amazon Flex driver — and left in the ditch by auto insurers

In the wake of a car crash, Progressive Insurance, Geico, and Amazon failed to step up on behalf of a “little person nobody wants to pay attention to.”

The week ahead in business

After-hours social mixers, startup pitching events and other things to know.

FILE - In this Aug. 12, 2019, file photo trader David Fox works on the floor of the New York Stock Exchange. Stocks of companies that do lots of business with China are obvious targets to sell when trade worries rise, and they’ve lagged sharply behind the rest of the market whenever President Donald Trump sends out a tariff tweet. But investors are also looking way beyond these first-order effects, as they pick out which stocks look most vulnerable to the trade war. (AP Photo/Richard Drew, File)

In trade war, even companies lacking ties to China may face risks

Looking across the stock market, it’s hard to find a company that isn’t vulnerable in some degree to the US-China trade war.

In the Brooklyn Navy Yard, an Optimus Ride vehicle operates in a predetermined “geo-fenced” area.


‘Self-driving’ vehicles may need human help for a while yet

Boston startup Optimus Ride’s Brooklyn experiment shows potential — but truly driverless cars are probably a long way off.

The Color of Money | Michelle Singletary

Young people: Don’t let the markets scare you away from investing now

Young adults have available to them an important investing strategy that older investors don’t. They have time on their side. Consistently investing over a 30- or 40-year career can result in a seven-figure retirement account.

Michael Hansen, CEO of Cengage. Hansen bills the potential merger of Cengage and McGraw-Hill as a way to help make texts more accessible to students.

Chesto Means Business

Boston textbook publisher’s merger faces antitrust criticism

The Scholarly Publishing and Academic Resources Coalition sent a letter to the Department of Justice this week urging the agency’s antitrust division to block the merger.

Fed survey finds tariffs pushing up prices, pinching profits

Fed survey finds tariffs pushing up prices, pinching profits

The GE logo at the company's energy plant in Greenville, S.C.

GE rebounds as Wall Street pushes back against allegations

Shares closed up 9.88 percent at $8.79 following Thursday’s 11 percent decline, which marked the steepest drop since 2008.

Dr. David Torchiana.

Former Partners chief made $6.1 million in 2017

Dr. David Torchiana, who stepped down as CEO earlier this year, topped the list of Boston hospital executives.

A rendering of the proposed towers as seen from the Mass. Pike. looking east.

For the first time in four decades, new buildings could rise over the Mass. Pike

Developers hope to start work early next year on a pair of towers that would be on a deck above the busy highway and commuter rail tracks.

Harry Markopolos is best known for flagging Bernie Madoff’s Ponzi schemes.

GE pushes back after whistle-blower calls it ‘a bigger fraud than Enron’

After Harry Markopolos’s claims, the stock plummeted 11 percent on Thursday. Boston-based General Electric returned fire, with its CEO claiming that the report was “market manipulation — pure and simple.”

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.