fb-pixelNine things you may have missed Tuesday from the world of business - The Boston Globe Skip to main content
Talking points

Nine things you may have missed Tuesday from the world of business

LABOR

Amazon will hire 6,000 full-time workers

Karen Bleier/AFP/Getty Images/File

NEW YORK — Amazon is hiring 6,000 full-time workers to staff up at its 50-plus US distribution centers. The workers will pick, pack, and ship products. Currently, Amazon has about 50,000 full-time workers at the centers. It has been opening distribution centers across the country in order to speed up deliveries. Its $99 annual Prime membership service comes with free two-day delivery on many items. The company, with 154,100 full- and part-time workers at the end of 2014, has been expanding Prime, adding services such as grocery delivery, one-hour delivery in some cities, and beefed-up video streaming. Amazon will be hiring in 12 states, but in New England that includes only Windsor, Conn.

Advertisement



ASSOCIATED PRESS

BANKING

Faulty reports to SEC cost Deutsche Bank $55 million

WASHINGTON — Deutsche Bank AG will pay $55 million to settle civil charges it filed incorrect reports during the financial crisis that downplayed the risks it was taking. The Securities and Exchange Commission said the German bank neither admitted to nor denied the allegations but agreed to refrain from future violations. In two quarterly reports in 2008 and 2009, the SEC said, the bank inflated the value of transactions designed to hedge against losses on securities in the credit markets, which were turbulent at the time. That created a ‘‘gap risk’’ worth billions of dollars that wasn’t properly accounted for. Deutsche Bank said it has not had any losses related to the ‘‘gap risk’’ because it never materialized.

ASSOCIATED PRESS

FOOD

Taco Bell, Pizza Hut to dump artificial flavors and colors

Kevork Djansezian/Getty Images/File

NEW YORK — Taco Bell and Pizza Hut are getting rid of artificial colors and flavors, making them the latest big food companies scrambling to distance themselves from ingredients people might find unappetizing. Instead of ‘‘black pepper flavor,’’ for instance, Taco Bell will start using actual black pepper in seasoned beef. The dye Yellow No. 6 will be removed from the nacho cheese, and carmine will no longer brighten the red tortilla strips. Food chains are facing pressure from smaller rivals that position themselves as more wholesome alternatives. Chipotle, in particular, has found success in marketing itself as an antidote to standard fast food. In April, it said it had abandoned genetically modified organisms. Pizza Hut will remove artificial flavors and colors by the end of July, and it will start listing all its ingredients online.Taco Bell says it will stop using artificial colors and flavors, high-fructose corn syrup, and unsustainable palm oil by the end of 2015. Preservatives will be removed ‘‘where possible’’ by 2017.

Advertisement



ASSOCIATED PRESS

AUTOMOTIVE

Average Mass. gas prices rises 3 cents

The average price of a gallon of gasoline in Massachusetts rose 3 cents last week, hitting $2.66, according to AAA Northeast. Prices have steadily increased since bottoming out at $2.06 a gallon in early February, but they’re still nearly $1 lower than a year ago. Prices at stations surveyed by AAA ranged from $2.53 to $2.89, and the state average was 8 cents below the national average. Oil prices, the main component of gasoline costs, have risen since hitting a bottom in January, and refineries have switched over to produce a cleaner-burning but more expensive blend of gasoline for the summer months. The auto club survey measures prices of regular, unleaded, self-serve gasoline.

JACK NEWSHAM

MARKETING

Liam Neeson scores big as a pitchman

Liam Neeson.Abraham Caro Marin/Associated Press/File 2015

NEW YORK — Ad executives looking for a celebrity to endorse a product can’t do much better than actor Liam Neeson. Or so says the Nielsen company, which looked at celebrities who make commercials and ranked them on likability, public awareness, influence, and other factors. Its first ‘‘N-Scores’’ were released Tuesday. Neeson and Pierce Brosnan both scored 94, though Neeson was judged to have a greater influence in getting products sold. By looking at the effectiveness of celebrity pitchmen, the company best known for television ratings will now compete with Marketing Evaluations Inc.,which produces the better-known Q Score on public attitudes toward well-known figures. Nielsen also intends to offer marketers detailed information about the personalities and habits of people who respond well to each celebrity so they can better match pitchmen and products, said Chad Dreas, managing director of media analytics. ‘‘What do they buy? Where do they shop? What do they watch?’’ he said, describing the details Nielsen intends to sell.

Advertisement



ASSOCIATED PRESS

TECHNOLOGY

Periscope now available for Android phones

WASHINGTON — Two months after Periscope debuted on the iPhone, Twitter is making the live-video app available to Android users, as well. They had to wait to get in on the fun, but they get something in return. For example, users who get interrupted mid-stream by a phone call can go back to watching right where they left off. Android users will also have more control over notifications from Periscope, such as being alerted when someone you follow on Twitter broadcasts for the first time. People who create new streams can also save replays without having to upload a video file. These features are not available for iPhone users. ‘‘This is just the beginning for Periscope on Android,’’ the firm wrote in a blog post.

Advertisement



WASHINGTON POST

ENERGY

Nuclear plant is on line again after upgrades

David L. Ryan/Globe Staff/File

PLYMOUTH — The only nuclear power plant in Massachusetts is back on line after a monthlong refueling and maintenance project that cost $70 million. Entergy, owner of Pilgrim Nuclear Power Station, said it returned to full service Tuesday morning. The plant’s 600 employees and more than 1,000 others brought in to work on the project spent 35 days upgrading and inspecting hundreds of pieces of equipment. They also replaced the fuel in the reactor. Entergy said the project made the plant safer. Pilgrim, in use since 1972, was relicensed by the Nuclear Regulatory Commission in 2012 for an additional 20 years. Citizens groups want the plant closed, saying it’s unsafe.

ASSOCIATED PRESS

HEALTH

Planet Fitness plans to go public

A Planet Fitness gym in Reading.Dina Rudick/Globe Staff/File

NEW YORK — Planet Fitness, known for its low-cost purple-and-yellow gyms, plans to go public. It has filed a ‘‘draft registration statement’’ with the Securities and Exchange Commission for an initial public offering of stock. The filing is private; under the law, companies with revenue under $1 billion are able to submit confidential IPO drafts. Planet Fitness did not say how many shares it would offer, what the stock would be priced at, how much money it plans to raise, or when it expects the IPO to happen. According to its website, Planet Fitness Inc., headquartered in Newington, N.H., has more than 900 locations.

ASSOCIATED PRESS

REGULATION

Galvin challenges US rule on small stock offerings

Secretary of State William F. Galvin has challenged a new federal rule that bars state regulators from reviewing securities offerings smaller than $50 million. In the Federal Court of Appeals for the District of Columbia, he called the rule arbitrary and not in accordance with the Securities Act of 1933. It’s part of the 2012 JOBS Act (Jumpstart Our Business Startups) to help businesses get more access to financing. The law was welcomed by proponents of crowdfunding by startups to raise money online. The Securities and Exchange Commission said it adopted the rule to help smaller companies raise capital. Those that qualify would be able to raise up to $50 million without registering with the SEC, as larger companies must do when they offer stock to the public. Galvin said preventing state regulators from overseeing such offerings is risky for investors because there will be “no criteria for the investors who would be solicited. And states would have no ability to police those offerings at all. It’s not what Congress intended.”

Advertisement



BETH HEALY