Archive for February 2024

The move comes about a month after a Mass. judge blocked a $3.8B merger of JetBlue and Spirit. If the deal had gone through, JetBlue had planned to give Spirit’s routes out of Boston to another discount carrier. Read More

Last year, CEO Christopher Viehbacher announced job cuts in what he called a "complete redesign of Biogen." The Cambridge drugmaker has made good on those plans, reducing its overall headcount by more than 1,000 in the past year. Read More

Brendan Coughlin, head of consumer banking for Citizens Bank, said the bank is looking to transition its supermarket branches into an interactive teller machine (ITMs) with virtual assistants. Read More

On Sept. 14, the IRS issued a moratorium on processing new Employee Retention Credit claims, saying then it would last until at least the end of 2023, although it remains in place to this day. Read More

Bailey will take over for Wayne Patenaude, who announced his retirement last October. Bailey comes to CSB from USAA, where he was head of retail banking for two years. Read More

A new federal visa-renewal pilot program allows eligible H-1B workers to renew their visa stamps on U.S. soil. Local employers hope to see the pilot program become permanent, with wider eligibility criteria. Read More

New York Community Bancorp Inc.’s issues have financial experts asking: What happens to banks with too many loans tied to struggling offices? Read More

State leaders are still unsure about the future of Steward’s nine Mass. hospitals. But there will "likely" be some "reorganization, reconfiguration, transition and potential closures for Steward hospitals, and the healthcare they deliver, the DPH chief said. Read More

Less than two weeks ago, the Cambridge biotech also brought on a new CEO: the former U.S. CEO of Japanese pharma Eisai Inc. Read More

The partnership with the Boston-based robotics firm will allow Staples to offer next-day delivery to 98% of U.S. customers. Read More