More business headlines
Sage Therapeutics stock plunges 20 percent after Parkinson’s drug fails study
It was the latest setback for the Cambridge biotech, which in August announced it would lay off 40 percent of its workforce.
Boeing put under Senate scrutiny during back-to-back hearings on aircraft maker’s safety culture
In a report issued in February, an expert panel said that despite improvements made after crashes of two Boeing Max jets killed 346 people, Boeing’s approach to safety remains flawed and employees who raise concerns could be subject to pressure and retaliation.
Alaska Airlines flights temporarily halted across US
US aviation authorities grounded Alaska Airlines flights nationwide after a request by the company, an unusual disruption for a carrier that earlier this year suffered a mid-flight safety problem with a Boeing Co. plane.
THE FINE PRINT
A years-long quest to get a $50 gift card redeemed has a happy ending
Joe D’Avena got an apology and an extra $200 after a pursuit to redeem his gift card to the now-closed Flutie’s Sport Pub in Plainville’s Plainridge Park Casino.
RHODE MAP
A big honor for Jeffrey Dana, Providence’s top lawyer
The Providence City Solicitor will soon become president of the International Municipal Lawyers Association, the leading nonprofit professional organization for local government attorneys.
Participant, studio behind ‘Spotlight,’ ‘An Inconvenient Truth,’ shutters after 20 years
Since billionaire Jeff Skoll founded the company, Participant has released 135 films, 50 of which were documentaries and many of which were tied to awareness-raising impact campaigns.
Atlas, Boston Dynamics’ dancing robot, will finally be for sale
The Waltham company said its new robot is electric powered and able to lift heavy items, twist its body, and eventually work in factories.
Retirement savings in the US are dismally low. These New England states are trying to give them a boost.
Smaller companies often do not offer retirement plans such as a 401(k). Now, several New England states are setting up free retirement plans for employers who would not otherwise provide them.
ADDRESS | Spring House Hunt
Home of the Week: For $735k, a two-bedroom condo next to Arnold Arboretum
The Jamaica Plain unit, located in a former asylum, comes with a breakfast bar, two wood-burning fireplaces, a primary suite with a walk-in closet, and a private deck.
Apple CEO says company is ‘looking at’ manufacturing in Indonesia
Apple is seeking to diversify its supply chains away from China, where most of its smartphones and tablets are assembled.
City councilors weigh Wu’s proposal to temporarily increase commercial property tax rates
Wu filed the home rule petition in order to avoid homeowners seeing a significant increase in their property taxes should commercial real estate values continue to fall.
Warren, Markey call on Steward hospital landlords to cut or terminate lease payments
In a letter, the US senators from Massachusetts pressed for concessions on the hospitals' multimillion-dollar leases to “make it financially feasible for new operators” to run them.
IMF sees steady growth but warns of rising protectionism
In its latest World Economic Outlook report, the International Monetary Fund projected global output to hold steady at 3.2 percent in 2024, unchanged from 2023.
Powell suggests interest rates could stay high for a longer period
Progress on inflation has stalled or even reversed by some measures.
innovation beat
DraftKings employees say rival tried to entice them with multimillion-dollar jobs
The Boston-based sports-betting site's escalating battle with billionaire Michael Rubin, who started a rival sports-betting effort last year, spilled into a public court hearing on Tuesday.