Bussiness

Boston Mayor Wu’s top aide has ties to private company eyed as city public transit operator

Boston Mayor Michelle Wu’s top aide has a personal stake in the company the city could hire as a public transit operator, as part of a federal grant that seeks to advance its plans to reduce congestion by getting...

First-of-its-kind rapid EV charging comes to Mass.

Massachusetts has become the first state on the East Coast and the second in the country to feature a new rapid EV charging station that's the fastest available. Rivermoor Energy, a company based in South Boston, received a $2.46 million federal...

Boston nonprofit wants to lower your electricity bill — while saving birds

A Boston nonprofit is approaching lighting solutions with more than just your electricity bill in mind. It also wants to save the birds. The Design Light Consortium launched its Light Usage in Night Applications program (LUNA) in 2021 in an...

Massachusetts hospital system to lay off 134 workers

Baystate Health in Springfield, the largest health system in western Massachusetts, is laying off 134 employees, roughly 1% of its workforce, in an effort to reduce costs. The 134 roles are leadership positions, according to Baystate. The nonprofit health...

Thermo Fisher to close Lexington facility, cut 160 jobs in Mass.

Thermo Fisher Scientific Inc. plans to lay off employees in connection with the closing of a Lexington facility, as well as reducing its workforce at sites in Plainville and Cambridge.  The Waltham-based company, which is the largest medical device firm...

Commission offers prime Providence HQ site for $1 to keep Hasbro in Rhode Island

The quasi-state panel in charge of allocating a swath of prime development sites in Providence has agreed to offer its most prominent parcel to Hasbro Inc. in a pitch to keep the company from moving to Massachusetts. The I-195 Redevelopment...

MCAS result is another big ballot question loss for business community – The Boston Globe

They’ve been here before. Two years ago, business groups lost the fight over the so-called millionaires tax, a ballot initiative largely bankrolled by the MTA and other teachers unions. The union side outspent the business side in that one,...

Massachusetts-based Charles River Labs cuts 1,300 workers, will close over a dozen sites

Charles River Laboratories International Inc. shared new details on its ongoing restructuring initiatives in its third-quarter earnings on Wednesday, saying the efforts are “already generating significant savings.” The Wilmington-based contract research organization had shared earlier this year that it would...

Back Bay Station tower on hold indefinitely, developer says

BXP Inc. does not anticipate starting construction on a Back Bay office tower in the next year because the rents it could fetch are not worth the borrowing and building costs, an executive said. BXP President Douglas Linde spoke on...

Boston Financial Raises $170M for Affordable Housing Fund

Boston Financial has raised a total of $170 million from its fund that will deploy capital to support affordable housing. One residential community Boston Financial listed that will be impacted by the fund includes Fullerton,...

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Boston Sports Legends Share Strong Honor At ‘The Tradition’

BOSTON — The Sports Museum inducted six more members Wednesday night to a number of familiar faces that shaped...