Archive for November 2023
100K public workers still await raises due to budget delay, say unions
Hundreds of public employees are planning a rally at the State House Monday to urge lawmakers to approve the $2.8 billion supplemental budget containing funding for the raises after negotiations between the House and Senate broke down last week. Read More
Read MoreOnline pet retailer Chewy lays off hundreds of employees
The job cuts affected employees across the U.S., according to a report. Read More
Read MoreNew Wrentham outlets, a Chinatown reopening, and more retail news
Wrentham Village Premium Outlets has four new retailers for the start of holiday shopping, a Chinatown landmark restaurant will soon reopen, and more retail news. Read More
Read MoreAmazon makes job cuts in Alexa division
The e-commerce giant is making hundreds of job cuts again, this time in its voice-activated assistant division — one of the teams with presence in Greater Boston. Read More
Read MoreFormer Boston Private bankers started a family office advisory firm. Five years later, it’s rebranding.
In 2018, two Boston Private Bank executives left to form a Boston-based registered investment advisory company. Five years later, the company is gearing up for a name change and a new offering of services. Read More
Read MoreKansas firm acquires Boston advisory Bay State with $1.8B in AUM
Mariner Wealth makes a Boston acquisition — its fifth of an advisory firm this year — as its march to becoming a big national player continues. Since 2021, the firm has acquired 27 wealth advisories. Read More
Read MoreE-commerce unicorn Thrasio is preparing for bankruptcy: report
Earlier this year, Thrasio was based in Walpole and had over 150 employees in Massachusetts. The report comes approximately eight months since Thrasio hired a new CFO, Josh Burke. Read More
Read MoreWhy Alkermes spun out an oncology company, whose shares have plummeted
The new company’s CEO says operating it separately allows for a more focused approach. Plus, it’s no longer competing with the rest of Alkermes, which currently has multiple neuroscience drugs in its pipeline, for money or talent. Read More
Read MoreWaltham electrical contractor files for second bankruptcy
A defunct Waltham electric contracting firm has filed for bankruptcy for the second time, claiming only $21 in assets, compared to more than $10 million in liabilities. Read More
Read MoreBPDA board OKs developer for 686-unit Charlestown complex
The board also approved Harvard University’s new performing arts center for the American Repertory Theater in Allston and a 13-story residential building at the same site. Read More
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