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Posts by ericg

Harvard’s endowment sees modest returns in fiscal 2023

By ericg | October 20, 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

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TA Realty, Longpoint raise funds worth nearly $3B combined

By ericg | October 20, 2023

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

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Mass. data privacy bill pits desire to stop ‘creepy’ ads vs. business reality

By ericg | October 20, 2023

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

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IRS offers way out for some businesses worried about ERC audits

By ericg | October 20, 2023

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

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Flagship’s ‘endless RNA’ startup merges with another to create Sail Biomedicines

By ericg | October 19, 2023

Flagship Pioneering’s much-hyped "endless RNA" startup, Laronde, will merge with another Flagship-backed firm to form a new company. Read More

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Plans for Wayfair flagship store and rooftop bar at Pennyslvania mall fall through

By ericg | October 19, 2023

Wayfair won’t open its flagship store at a mall in Pennsylvania after all. Read More

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David Liu-founded Beam Therapeutics to cut 100 staffers

By ericg | October 19, 2023

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

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Boston manufacturer pays nearly $700k for wage violations

By ericg | October 19, 2023

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

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As banks focus on digital, they’re closing branches across Massachusetts

By ericg | October 19, 2023

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

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Mass transit ridership is floundering nationwide. Boston’s not the worst

By ericg | October 19, 2023

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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