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Dana-Farber closes largest-ever capital campaign
Dana-Farber Cancer Institute said Monday it has closed its largest-ever capital campaign, raising $2.5 billion over seven years. <\p> The hospital said the campaign is among the largest fundraising efforts focused on cancer care across philanthropic institutions. <\p>
Dana-Farber closes $2B capital campaign
Dana-Farber Cancer Institute said Monday it has closed its largest-ever capital campaign, raising $2.5 billion over seven years. The hospital said the campaign is among the largest fundraising efforts focused on cancer care across philanthropic institutions. The campaign brought in over $2.2 million gifts from 900,000 individual donors from all...
Boston at 'moderate' risk of a housing bubble, says report
Home prices in the Boston area have soared in recent years as the area approaches what one investment bank calls a 'bubble.'<\p> Boston was one of 25 high-priced cities across the world studied by Swiss financial services company UBS. The report ranked several as so overpriced compared to local wages that they’re considered to be in a housing bubble.<\p>
Five things you need to know, and historical side hustles
Good morning, Boston. Today is Orange Shirt Day, to honor the children forced into Native American residential schools. Here are five things you need to know in local business news to start your busy Monday, and a look at one of the original side hustles.<\p> Port workers on the East and Gulf coasts are expected to go on strike tomorrow, and Greg Ryan spoke with officials at Conley Terminal in South Boston to learn how badly the shutdown will hurt New England businesses.<\p>
Mass. battery maker warned of possible delisting from NYSE
A battery maker based in Woburn has been warned that it needs to raise its stock price or face the delisting of its shares. <\p> SES AI Corp. (NYSE: SES) said in a public filing Friday it received a notice of noncompliance from the New York Stock Exchange. The exchange warned the company that the average closing price of SES AI's shares was less than $1 for over 30 days.<\p>
Woburn battery maker faces possible delisting from NYSE
SES AI Corp. (NYSE: SES) said in a public filing Friday it received a notice of noncompliance from the New York Stock Exchange. The exchange warned the company that the average closing price of SES AI's shares was less than $1 for over 30 days. A spokesperson for SES AI...
The National Observer: Pay takes another turn; Southwest eyes changes
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. Let's dig into how a strike could affect ports representing about half of the imports in the U.S., some big changes coming for Southwest Airlines, and how waning electric vehicle demand caused Hyundai Motor Co. rethinking its plans for a manufacturing plant. First, however, we'll look at trends in wage growth and the job market.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
The National Observer: Salaries are taking another turn; Southwest Airlines eyes big changes
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. Let's dig into how a strike could affect ports representing about half of the imports in the U.S., some big changes coming for Southwest Airlines, and how waning electric vehicle demand caused Hyundai Motor Co. rethinking its plans for a manufacturing plant. First, however, we'll look at trends in wage growth and the job market.
Steward Health CEO de la Torre to resign
Ralph de la Torre will resign as CEO of Steward Health Care, more than nine months after reports of the for-profit hospital chain’s financial problems first began to surface.<\p> The company as well as a personal spokesperson for de la Torre said that he “has amicably separated from Steward on mutually agreeable terms.” His resignation will be effective as of Tuesday, Oct. 1, according to a spokesperson for Steward. The company said the agreement was reached on or around Sept. 19.<\p>
Steward Health CEO de la Torre to resign
Ralph de la Torre will resign as CEO of Steward Health Care, more than nine months after reports of the for-profit hospital chain’s financial problems first began to surface. The company as well as a personal spokesperson for de la Torre said that he “has amicably separated from Steward...
BBJ panelists talk demand for green jobs
Massachusetts became the leader in life sciences with a combination of leading universities and a state investment in drawing and keeping important companies in the industry.<\p> Panelists at a Boston Business Journal event on Thursday said the state can be a leader in clean technology for the same reasons — except this time, there’s far more urgency thanks to climate change.<\p>
East Coast port strike threatens Conley operations
This story has been updated with the latest on the negotiations. If port workers on the East and Gulf coasts go on strike at midnight tonight, Conley Terminal in South Boston will shut down. But just the prospect of a work stoppage is causing Massachusetts manufacturers, retailers and other businesses to scramble.
Boston law firm Burns & Levinson will shut down after 64 years
Boston law firm Burns & Levinson LLP, which has seen an exodus of lawyers in recent months, told the Boston Business Journal on Friday that it is winding down operations after 64 years.<\p> The statement from the firm came after the Business Journal learned that the firm appeared to be unable to repay some former equity partners the capital they'd invested in the firm. <\p>
State seizes St. Elizabeth's hospital
Governor Maura Healey said Friday morning that the state has formally seized St. Elizabeth’s Medical Center in Brighton through eminent domain, saying the move is needed to keep the hospital open.<\p> Boston Medical Center will soon take over operation of the hospital, which has been part of the bankrupt Steward Health Care network.<\p>
Boston Speaks Up with Yvonne Hao
Yvonne Hao has embraced a range of influential roles throughout her career, from founder and investor to CFO and advisor, all leading her to her latest role as the Secretary of Economic Development for the Commonwealth of Massachusetts. In this role, Secretary Hao is leading initiatives to stimulate economic growth and innovation across the state. Her work involves crafting strategies that not only enhance Massachusetts' economic landscape but also address broader challenges such as sustainability and equal opportunity development.<\p> Before her appointment as Secretary of Economic Development, Hao had a distinguished career in the technology and investment sectors. She has more than 25 years of executive business experience building, running and financing companies with titles such as co-founder, advisor, COO, and CFO. One of her accomplishments came from her time at PillPack, where she served as the COO and CFO. Hao was able to help successfully lead and scale the company to a successful $1B acquisition by Amazon. This experience, and many others, equipped her with a comprehensive, firsthand understanding of the challenges businesses face, the economic landscape and the strategic insights needed to support statewide development goals.<\p>
Boston Speaks Up with Yvonne Hao
Yvonne Hao has embraced a range of influential roles throughout her career, from founder and investor to CFO and advisor, all leading her to her latest role as the Secretary of Economic Development for the Commonwealth of Massachusetts. In this role, Secretary Hao is leading initiatives to stimulate economic growth and innovation across the state. Her work involves crafting strategies that not only enhance Massachusetts' economic landscape but also address broader challenges such as sustainability and equal opportunity development.
Employers have a new Gen Z concern
Editor’s Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> When it comes to salaries, a considerable amount of Gen Z workers believe they are underpaid. <\p>
Five things you need to know, and it's holiday season in Salem
Good morning, Boston. This is Managing Editor Don Seiffert to bring you the five things you need to know in local business news to start your busy workday, and a kickoff to the most important holiday of the year in my hometown.<\p> Workforce development efforts have had a heavy focus on clean energy in recent years. But the pace of job growth in that depends a great deal on what happens in November, reports Greg Ryan in this week's cover story. Also, he wrote about how weatherization is shaping up to be one of the foremost pathways into clean energy jobs here.<\p>
Boston restaurant owner wants to help you 'get out of Boston'
Chris Jamison didn’t come to form one of Boston's largest restaurant groups, COJE Management Group, after toiling away for years in a kitchen or behind a bar.<\p> Instead, the Topsfield native came to entrepreneurship from a different angle: one of aesthetics. In particular, he credits the effect that one New York City restaurant — a little Mexican restaurant below a diner — had on him.<\p>
He built Lolita by hand to start a new Boston restaurant group
Chris Jamison didn’t come to form one of Boston's largest restaurant groups, COJE Management Group, after toiling away for years in a kitchen or behind a bar. Instead, the Topsfield native came to entrepreneurship from a different angle: one of aesthetics. In particular, he credits the effect that one New York City restaurant — a little Mexican restaurant below a diner — had on him.
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