Archive for April 2023
Lease battle underway involving data center above downtown Macy’s
In a new lawsuit, a tenant claims Markley is unreasonably demanding over $70 million and refusing to allow the firm to perform maintenance on its equipment. Read More
Read MoreFirst Republic Bank’s shares plunge toward zero with FDIC seizure expected
First Republic Bank’s fate looks increasingly certain heading into the weekend. Read More
Read MoreEastern Bank reports first quarterly loss since 2020 due to bond sale
Eastern Bank had a first-quarter net loss of $194.1 million after selling 25% of its securities portfolio in March. That’s down from a net income of $51.5 million from a year ago. Read More
Read MoreFed Reserve issues scathing report on Silicon Valley Bank collapse
The Fed blamed SVB’s management and board as well as its own supervisors and even Congress for the bank’s collapse. Read More
Read MoreAfter Florida snafus, Everbridge gets contract extended until December
Burlington-based Everbridge Inc. is getting another chance to provide its platform for emergency alerts in the Sunshine State. But that second chance has a clear expiration date, Florida officials told the Business Journal. Read More
Read MoreCannabis shop battles Malden in ‘precedent-setting case’ over zoning laws
Cannabis business owners say the city’s stringent zoning laws go far beyond the state’s guidelines. Read More
Read MoreYou are more likely to have a CEO named David than you are to have a woman at the helm, new report finds
Originally, the company set out to find the most common names for CEOs but what they found was even more disturbing. Read More
Read MoreCHIPS Act funding for WMass, and Hao’s other ideas for statewide economic growth
State. Secretary of Economic Development Yvonne Hao said there are “a lot of good seeds” in Central and Western Massachusetts, but there’s still growing to do to reach that “tipping point.” Read More
Read MoreHere are the leaders and laggards among the state’s biggest private companies
The largest private companies in Massachusetts have kept growing in the past five years despite the pandemic. Read More
Read MoreViewpoint: Beacon Hill must act on healthcare bills
"Employers agree that healthcare workers are heroes, but that hasn’t led to higher pay, a seat at the table, expanded training opportunities, and quality benefits … It’s time for the Legislature and Gov. Healey to step in," Tim Foley of 1199SEIU writes in an op-ed. Read More
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