Archive for March 2023
M&T Bank CEO’s compensation rose by 25% from last year
New York-based M&T Bank Chairman and CEO René F. Jones saw a 25% increase in compensation from 2021 to 2022, according to the bank’s most recent annual filing. Read More
Read MoreStartup using AI in life sciences procurement secures $20M
A startup that aims to simplify and scale purchasing processes in the life sciences has secured a Series A round. Read More
Read MoreVC firm closes fund at $570M after putting down $800M as total offering amount
Boston-based OpenView plans to keep its investment focus on business software companies at the expansion stage. Read More
Read MoreHealey’s GM pick pledges ‘new way of doing business’ at MBTA
Phillip Eng, the former president of the Long Island Rail Road, will become the next top leader at the MBTA as Gov. Maura Healey’s administration sets out to put the ailing transit agency on firmer footing. The state will pay up for his services, as Eng could earn more than $500,000 per year. Read More
Read MoreBank of America signs 10-year deal as Boston Marathon sponsor
Bank of America has signed a 10-year deal to become the new sponsor of the Boston Marathon starting in 2024, replacing insurance company John Hancock. Read More
Read MoreHere’s how a local school is diversifying the mental health workforce
Although racial and ethnic minorities represent 30% of the population, almost 90% of mental health professionals identify as white. In response to this shortage, William James College has launched several programs to diversify the workforce. Read More
Read MoreFive things you need to know today, and will the marathon change its name?
Good morning, Boston. Here are the five things you need to know in Boston business news. Read More
Read MoreTwo struggling Mass. biotechs seek reverse stock splits to raise share prices
The two Cambridge-based biotech companies are seeking approval for plans to raise their stock prices and avoid being delisted. Read More
Read MoreFirst Citizens to acquire much of Silicon Valley Bank
Raleigh’s First Citizen Bank has struck a deal to acquire the failed Silicon Valley Bank. Read More
Read MoreBoston Marathon to name new corporate sponsor Monday
The Boston Marathon is set to announce a new corporate sponsor on Monday — and the location of the announcement provides a big hint as to who it could be. Read More
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