Archive for January 2021
State Street to cut 1,200 jobs as no-layoff pledge expires
The job cuts are another cost-cutting move after the Boston-based company reduced its global real estate footprint by about 1 million square feet. The positions to be eliminated “are primarily those that are part of operating model changes, business process changes as well as automation." Read More
Read MoreHarley-Davidson seeks sale-leaseback deal for Revere-Malden site
The Boston Harley-Davidson dealership, located on the border of Revere and Malden, wants to market three buildings as part of a sale-leaseback deal. The site is adjacent to a now-closed Showcase Cinemas location that is slated to become home to an Amazon distribution site. Read More
Read MoreMassachusetts adds Fenway Park as mass vaccination site
Fenway Park will become the state’s second mass vaccination site, joining Gillette Stadium. Read More
Read MoreChinese antitrust officials approve $4.5B Cisco-Acacia merger with conditions
Chinese antitrust officials signed off on a $4.5 billion merger deal between Cisco and Acacia after an earlier $2.6 billion deal nearly fell apart over Chinese regulatory approval. Read More
Read MoreHere’s how URI researchers ensured Covid-19 safety at the polls
On the eve of President-elect Joe Biden’s inauguration, a look back at Election Day. Read More
Read MoreA Waltham company is using AI to predict Covid-19 hotspots
Providence, R.I.; Navajo County, Arizona; most of Tennessee — these are among the United States’ next Covid-19 hotspots, according to predictions from a Waltham-based tech firm called Cotiviti. Read More
Read MoreRestaurant group closes acquisition of Friendly’s restaurants
A group of restaurant investors and operators focused on casual-dining chains has completed its acquisition of Friendly’s. Could new ice cream flavors be on the menu? Read More
Read MoreNoble Rock Advisors eyes $200M raise for tech-focused SPAC
Boston-based Noble Rock Advisors Inc. is disclosing plans to raise $200 million to acquire and bring a tech-enabled company public, as the SPAC stampede continues this year. Read More
Read MoreLaw firm Womble adds ex-Providence mayor in Boston
Womble, one of the largest law firms in the southeastern U.S., opened its Boston location in 2017. Read More
Read MoreWayfair, other retailers reportedly drop MyPillow products
Wayfair Inc., along with several other major retailers, is reportedly dropping MyPillow products from its online store as MyPillow CEO made repeated claims of fraud in the 2020 presidential election, according to widespread media reports. Read More
Read More