Archive for April 2023
Forbes billionaires list: Wayfair co-founders drop off, Kraft, telecom founder rocket up
Granite Telecommunications founder Rob Hale saw his wealth rise by almost $2 billion last year, according to Forbes’ latest list of global billionaires, while Wayfair (NYSE:W) co-founders Niraj Shah and Steve Conine lost their billionaire statuses. Read More
Read MoreCitizens Bank is supporting local organizations through financial literacy program
Citizens Financial Group will support 150 nonprofit organizations focused on financial literacy, the bank announced on Monday. The selected nonprofits will receive a total of $2 million. Read More
Read MoreIQHQ wants to build another Brighton lab down the street from Sound Museum
The proposed building would go on the site of a recently closed liquor store in the neighborhood. Read More
Read MoreFormer executives at Billerica lead poisoning test maker facing federal charges
Three former top executives at a Billerica company that sells devices to diagnose lead poisoning were indicted this week by in federal court for allegedly misleading customers and regulatory officials about deficiencies in the devices. Read More
Read MoreIn first year as CEO, GE Healthcare’s Peter Arduini made $10.5M
In his first year in charge of the newly spun-out GE Healthcare, Peter Arduini earned more in compensation than Larry Culp, chairman and CEO of General Electric. Read More
Read MoreKlaviyo eyes IPO later in 2023, says report
After an 18-month dry spell, the tech IPO market may show signs of life in 2023 thanks to one Boston company. Read More
Read MoreCitizens, other local banks grew faster after 2018 changes to Dodd-Frank
In New England, there are two banks — Citizens Bank and Santander Bank — that are large enough to have been affected by the rule change. Both grew faster in the years after 2018 than before. Read More
Read MoreThis Boston startup is using consumer data and ChatGPT to disrupt sales outreach
A Boston startup that wants to displace ads with its approach to targeted email outreach has raised its Series A round. Read More
Read MoreViewpoint: Greater Boston’s CRE faces continued headwinds, but many reasons for optimism remain
Macroeconomic headwinds impacting commercial real estate in Greater Boston and the nation are a reason for alertness, not hopelessness. One Boston real estate exec writes that Boston’s diverse innovation sectors and strong fundamentals make Greater Boston’s commercial real estate market better positioned to succeed than most other regions in the U.S. Read More
Read More‘Definitely in a tech recession’: VCs expect dealmaking slowdown to last until next year
Boston venture capitalists who focus on the tech sector expect the slowdown in the pace of late-stage deals to last until the end of 2023, yet they maintain high hopes for the launch and initial fundraises of startups in the coming months. "We’re definitely in a tech recession," one VC said. Read More
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