Archive for February 2021

The economic fallout is proving disastrous for America’s cities, as decades of inconsistent and often unsustainable budget practices have run headlong into the pandemic’s revenue buzz saw. Read More

Like much of the commercial office landscape, the coronavirus pandemic has forced coworking spaces to adapt to new standards of cleanliness and social distancing — particularly for spaces that share large common areas, rather than a majority of individualized work stations. Read More

Four weeks after Biden nominated the two-term Democratic mayor and longtime labor leader for the Cabinet post, Walsh appeared before the Senate’s Health, Education, Labor and Pensions Committee on Thursday. Read More

The Federal Reserve ended an enforcement action against Santander Bank’s parent company related to alleged risk management shortcomings in its auto financing unit. Read More

Energy company Advent Technologies said its previously announced business combination with a special purpose acquisition company, or SPAC, is now complete. The newly formed combined company, called Advent Technologies Holdings Inc., is slated to begin trading on Nasdaq on Friday under the ticker symbol "ADN." Read More

Three individuals affiliated with GPB Capital Holdings, an investment firm that owns Westwood-based Prime Automotive Group, were charged Thursday with securities fraud, wire fraud and conspiracy. Defendants David Gentile, the founder, owner and CEO of GPB; Jeffry Schneider, the owner and CEO of Ascendant Capital LLC; and Jeffrey Lash, a former managing partner of GPB,…

Author and adviser Michelle R. Weise writes: "It’s time for the Dept. of Labor to invest in an education GPS for American workers. The federal gov’t can help build a new and more equitable infrastructure for the future of workers. Read More

Japanese drugmaker Eisai, which operates a dementia-focused research facility in Cambridge, is hoping to tap into Greater Boston’s biotech startup community to complement its neurological research and drug development. Eisai is teaming up with BioLabs — a network of shared laboratory and office spaces that includes Cambridge-based LabCentral — to launch "Eisai Innovation Center BioLabs,"…

The program has been renamed the Targeted EIDL Advance and means thousands of dollars for eligible small businesses. Read More

Consulting firm McKinsey & Company will pay Massachusetts $13 million as part of a settlement with dozens of states and territories over its role in the opioid epidemic. Read More