Boston Herald / Business

Friday, Apr 20


Wells Fargo to pay $1B for mortgage, auto lending abuses

NEW YORK — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1…


Kushner Cos. subpoenaed by feds after AP report

NEW YORK — The Kushner Cos. has been subpoenaed by federal prosecutors for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City.

When will the $7,500 federal EV tax credit get cut for GM and Tesla? Soon

The $7,500 federal tax credit is a big inducement for consumers to buy electric vehicles and for automakers to develop electric vehicles. Once an automaker sells and delivers more than 200,000 electric vehicles (including plug-in hybrids…

General Electric 1Q performance beats analysts' expectations

BOSTON — General Electric, which is dealing with a pair of investigations, reported a quarterly loss for the first quarter due to a huge charge tied to a business it no longer owns, but the results were better than Wall Street had expected…


Inside and out, Southie condo impresses

To fully appreciate Unit 2 at 151 P St. in South Boston, you’d need to start at the top. The rooftop deck, that is. With partial ocean views and enough room to host an alfresco dinner party, the deck is the crowning glory of a thoughtfully…


Army considering Boston for new Futures Command


Boston made the shortlist of 15 cities the Army is considering for the headquarters of its planned Futures Command, which will keep track of emerging technology and innovations that could be used in war-fighting.


Boston, D.C. likely picks for Amazon

Boston and Washington, D.C., could be front-runners in the race to land Amazon’s second headquarters, according to an analysis of the kind of jobs the company is already posting in the 20 finalist cities.

The Ticker


The Trump administration is moving toward oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, fulfilling a longtime Republican priority that most Democrats fiercely oppose.

Thursday, Apr 19


Report: Boston and DC top sites for Amazon's HQ2

Boston Herald

Soaring demand for administrative-caliber workers in Boston and Washington, D.C. indicates the competition for who will host Amazon's second headquarters will come down to those two metropolises, an economic think tank predicts.


Eastie eatery owner denies pocketing diners’ meals tax

The owner of the popular East Boston diner Donna’s Restaurant pleaded not guilty yesterday to charges of falsifying tax returns and was released on personal recognizance until her next court hearing on June 20.


3 women eyed for Wynn Resorts board

Wynn Resorts plans to add three new directors to its board — all women — as it looks to move on from the Steve Wynn saga that has threatened to stain its reputation.


The Ticker


WASHINGTON — The Federal Reserve’s latest survey of economic conditions around the country finds growing concern among businesses about the adverse impact higher tariffs could have on their firms and the overall economy.

Pot commission gives 35 more firms high priority

Pot regulators have given the nod to another 35 marijuana companies that applied to jump to the head of the line for state recreational pot licenses.

UMass mood not collegial

UMass Boston faculty, staff and students plan to crowd Tuesday’s Board of Higher Education meeting to denounce the University of Massachusetts’ decision to buy debt-laden Mount Ida College in Newton, while Mount Ida parents are exploring…

Wednesday, Apr 18


Road to homeownership gets rockier this spring as rates rise


LOS ANGELES — Higher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring.


Bank executive killed in jet tragedy remembered as selfless

ALBUQUERQUE, N.M. — A New Mexico bank executive who died on a Southwest Airlines flight was remembered Wednesday as a dedicated mother of two who helped others find jobs, volunteered around Albuquerque and brought often fractious sides…

US stocks wavering between small gains and losses; oil up

The major U.S. stock indexes wavered between small gains and losses in choppy trading Wednesday afternoon as investors weighed the latest company earnings news. Gains in industrial and consumer-focused companies outweighed losses in banks…


Amazon partners with Best Buy on smart TVs, a "win-win"


NEW YORK — Amazon has cut a deal to sell voice-controlled TVs at Best Buy, the latest attempt by the online retailer to get its burgeoning suite of tech products out where people can see and touch them.


Stocks end modestly higher as earnings come in; oil surges

U.S. stocks were holding on to modest gains in choppy trading Wednesday afternoon as investors sized up the latest batch of company earnings. Energy stocks were among the big gainers as crude oil prices surged. Solid gains in industrial…

Toy manufacturer Hasbro announces pilot recycling program


PAWTUCKET, R.I. — Toy manufacturer Hasbro is launching a pilot toy recycling program.


US stocks are mixed in early trading as earnings come in

U.S. stocks are wavering between small gains and losses in early trading Wednesday as investors size up the latest company earnings and deal news. Gains in retailers and industrial companies were outweighing hefty losses in technology…


Amazon cuts a deal with Best Buy, broadens global reach


SEATTLE — Amazon is expanding its dominance globally by giving overseas customers access to more than 45 million items via its app.


Wayfair follows Amazon with its own made-up holiday: Way Day

NEW YORK — Amazon started Prime Day. Alibaba capitalized on Singles Day. Now another e-commerce company is hoping for success with an invented shopping holiday.


TaskRabbit offline after security breach

SAN FRANCISCO — TaskRabbit says it's investigating a cybersecurity incident that has caused it to shut down its online on-demand services platform.


Steve Wynn’s ex calls for halt on big board moves

Elaine Wynn, the ex-wife of toppled casino CEO Steve Wynn, is urging the company’s board of directors to hold off on making any big decisions — including selling the Wynn Boston Harbor — until the board is overhauled.

IRS extends tax deadline after site snafu

If you didn’t file your taxes yesterday, don’t worry.


Iceland to restart commercial whaling


REYKJAVIK, Iceland — A whaling company in Iceland said yesterday it is preparing its fleet to bring commercial hunting of fin whales back to the Nordic island nation after a two-year freeze.

Man gets face transplant – again

LONDON — In a medical first, a French surgeon says he has performed a second face transplant on the same patient — who is now doing well and even spent a recent weekend in Brittany.

Starbucks to close 8,000 stores for race bias training

NEW YORK — Starbucks, trying to tamp down a racially charged uproar over the arrest of two black men at one of its stores in Philadelphia, plans to close more than 8,000 U.S. stores for several hours next month to conduct racial-bias…


The Ticker


Hampshire College says its seventh president will be Miriam E. Nelson, a former associate dean and professor at Tufts University and the current deputy director of a sustainability institute at the University of New Hampshire.