Posts by ericg
Harvard’s endowment sees modest returns in fiscal 2023
Harvard’s industry-leading endowment stayed roughly flat at just over $50 billion, with a 2.9% rate of return for a year in which many of the country’s wealthiest colleges so far have reported fairly low investment results. Read More
Read MoreTA Realty, Longpoint raise funds worth nearly $3B combined
While separate, the TA Realty and Longpoint funds share a focus on investments in industrial properties, an asset class that has held up in the current market in comparison to other types of commercial real estate like offices. Read More
Read MoreMass. data privacy bill pits desire to stop ‘creepy’ ads vs. business reality
Massachusetts legislators and civil rights groups want to make the Bay State a leader on data and information privacy policy. But at a hearing at the State House on Thursday, business leaders said proposed legislation will be costly and burdensome. Read More
Read MoreIRS offers way out for some businesses worried about ERC audits
The IRS is cracking down on potentially fraudulent ERC claims. But it is now offering some small businesses worried about audits a way out. Here’s what experts say about the new option. Read More
Read MoreFlagship’s ‘endless RNA’ startup merges with another to create Sail Biomedicines
Flagship Pioneering’s much-hyped "endless RNA" startup, Laronde, will merge with another Flagship-backed firm to form a new company. Read More
Read MorePlans for Wayfair flagship store and rooftop bar at Pennyslvania mall fall through
Wayfair won’t open its flagship store at a mall in Pennsylvania after all. Read More
Read MoreDavid Liu-founded Beam Therapeutics to cut 100 staffers
A gene-editing startup founded by the Broad Institute’s David Liu is laying off 100 people as it redirects its resources toward just a couple of programs. Read More
Read MoreBoston manufacturer pays nearly $700k for wage violations
The Boston clothing manufacturing company Neptune Garment Co. will pay nearly $700,000 in citations after the state attorney general’s office found a series of wage violations. Read More
Read MoreAs banks focus on digital, they’re closing branches across Massachusetts
Banking experts agree: The future of bank branches will look a lot different. These changes are already happening, driven by customer preference, say banks. Read More
Read MoreMass transit ridership is floundering nationwide. Boston’s not the worst
Despite the T’s much-publicized problems, the Massachusetts Bay Transportation Authority has not fared much worse in ridership than other cities with major transit systems, such as Washington D.C. or Chicago. Read More
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