Archive for April 2020
Mass. unemployment rate could hit 25% in June, new report says
A new report from the Pioneer Institute says the state’s unemployment rate could spike 10-fold from February’s 2.5%. Read More
Read MoreFaneuil Hall landlord reverses stance on April rent
The reversal was prompted by a Boston Globe article and a conversation with Boston Mayor Marty Walsh. Read More
Read MoreMass. lawmakers to field COVID-19 liability legislation
Gov. Charlie Baker is expected to file legislation that would extend liability protection to health care workers during the coronavirus pandemic to address a fear of some front-line medical personnel. Read More
Read MoreHere’s how many health care workers tested positive for coronavirus
Though the numbers continue to rise, hospitals contend that their sick employees — which include both patient-facing and non-patient facing staff — contracted the virus while in their own community. Read More
Read MoreBiotech raises $96M IPO during downturn
While stock markets buckle under the pressures of the COVID-19 outbreak, a Lexington biotech developing drugs for blood and musculoskeletal disorders has raised an upsized IPO. Read More
Read MoreFacing pandemic pressure, unicorn startups like Toast cut staff
As the coronavirus pandemic hits nearly all sectors, some local unicorns are making cuts to survive. Read More
Read MoreMass. SBA chief: ‘Absolutely’ realistic for businesses to get loans this week
The head of the state’s SBA office spoke with the Business Journal about timing on Paycheck Protection Program loans and some of the problems faced by banks and small-business owners. Read More
Read MoreFed eases Wells Fargo’s asset cap to boost bank’s SBA relief lending
The bank temporarily gets relief from a regulatory asset cap so it can lend more under the SBA Paycheck Protection Program. Read More
Read MoreWells Fargo’s outraged small business customers call for boycott, litigation and regulatory relief
“Why should loyal Wells Fargo customers get a double whammy — the prior fake-account scandal and now not being able to apply for a PPP loan?” asked one of the bank’s small business customers. Read More
Read MoreFive minutes with … Kathy MacNeil, Millennium Partners
Kathy MacNeil, a principal at Millennium Partners in Boston who oversees Winthrop Center, a $1.3 billion mixed-use project in downtown Boston, spoke with the Business Journal about what’s it’s like to do business in the middle of a political battle over construction. Read More
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