Archive for February 2024
Wrentham joins list of towns fighting MBTA Communities Act mandates
Wrentham is considering ignoring a Massachusetts law meant to increase the housing supply near public transit, two weeks after voters in Milton decided not to comply with the law. Read More
Read MoreiRobot’s annual revenue shrank 25% in 2023. This year will be worse
In its first quarterly financial update since abandoning plans to be acquired by Amazon, the Bedford-based Roomba maker disclosed its expectations for the year ahead. Read More
Read MoreMillions of small businesses have a new reporting requirement. Here’s what to know.
The Corporate Transparency Act is kicking in. Here’s what small-business owners need to do next. Read More
Read MoreMillions of businesses are facing a new reporting deadline — but there’s a silver living
The Corporate Transparency Act is kicking in. Here’s what small-business owners need to do next. Read More
Read MoreBoston sees jump in challenges to downtown property assessments
The widespread adoption of hybrid work has caused vacancy rates to spike In office buildings, especially for older sites. For fiscal 2024, Boston officials received 322 abatement applications for properties in the city’s third ward. Read More
Read MoreFTC sues to block Kroger’s planned $24.6 billion acquisition of Albertsons
The Federal Trade Commission has filed a lawsuit today to block Kroger Co.’s planned $24.6 billion acquisition of Albertsons Cos. Inc., which owns grocery chains Star Market and Shaw’s. Read More
Read MoreSteward Health Care lays out action plan to emerge as ‘sustainable business’
Steward Health, the embattled for-profit health system with nine hospitals in Mass., has released an action plan that it says will enable the organization to “emerge as a sustainable business and move into its next operational phase.” Read More
Read MoreBroadcom to lay off 75 from Burlington facility
It’s the latest in a number of recent layoffs from the Palo Alto-based software and semiconductor firm. Read More
Read MoreModerna falls just short of 2023 hiring goals. But it’s still hiring
CEO Stéphane Bancel told investors at the J.P. Morgan Healthcare Conference that the company planned to hire another 2,000 employees in 2023. A new regulatory document shows it didn’t quite make that goal. Read More
Read MoreAvison Young reaches deal to restructure financial obligations
Avison Young, which has a significant presence in several major U.S. metro areas, has inked a deal to restructure its debt — a move prompted by the higher-interest-rate environment and the subsequent reduction of liquidity across the commercial real estate industry. Read More
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