Home
 
Choose Your City
Change City

Business

Elon Musk wants to build a Hyperloop to get you from New York to Washingtoninunder 30 minutes

Elon Musk wants to build an underground “Hyperloop” cononecting New York, Philadelphia, Baltimore and Washington and he said he’s already got verbal approval to do it. Musk said a trip from New York to Washington, which now takes about three hours by train, would take just 29...

Thursday, July 20, 2017 - 4:29pm

President Trump wants you to know he isn't getting rich off the stock market, but 'everyone else' is

Speaking about the stock market from Poland Thursday, President Donald Trump said the stock market is at an all-time high, but he appeared to lament the fact that “everyone else is getting rich” while he serves out his term as president. “When I say that the stock market is at an...

Thursday, July 6, 2017 - 7:42pm

Quit your job! Summer banking interns in NYC make this much per month

Depressing, erm, fun fact: Wall Street interns make more money than the average 18- to 24-year-old professional. Or older if you’re in certain industries. And with summer season now in full, sweaty swing, you may have noticed a fair share of summer interns invading your local watering hole,...

Wednesday, June 21, 2017 - 1:23pm

Amazon to buy upmarket grocer Whole Foods for $13.7 billion

Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer's largest deal and biggest foray into the brick-and-mortar retail sector. The deal, which puts a 27 percent premium on Whole Foods...

Friday, June 16, 2017 - 12:28pm

General Electric CEO Jeff Immelt to be replaced in August

General Electric’s new Boston headquarters isn’t the only change coming to the company. GE announced Monday that current CEO Jeff Immelt is stepping down on August 1. Immelt has served as CEO for 16 years and will be replaced by John Flannery, currently the president and CEO of GE...

Monday, June 12, 2017 - 11:31am

Boston-based Foodler acquired by Grubhub

The world of food delivery apps is about to get a little bit smaller. Grubhub has entered an agreement to acquire the Boston-based Foodler. Foodler is headquartered in Boston and operates in top cities like New York, Atlanta, Baltimore, Chicago, Dallas, Denver, Orlando, Philadelphia, San...

Thursday, June 8, 2017 - 12:46pm

New York firms offer 'Plan B' to staff ahead of summer transit woes

(This May 24 story corrects paragraphs 8-10 to show that Societe Generale did not introduce a telecommuting policy because of Penn station repairs) Faced with this summer's partial shutdown of New York's Pennsylvania Station due to track repairs, some employers in the largest U.S. city are...

Thursday, May 25, 2017 - 2:29pm

NYC CEO and two young sons missing after plane vanishes off Bahamas

A small airplane with four people, including a prominent New York CEO and her two small children, vanished en route to Florida from Puerto Rico and a search is underway near the Bahamas, the Coast Guard said on Tuesday. Crews were scouring the waters 37 miles east of Eleuthera, Bahamas, in an...

Tuesday, May 16, 2017 - 4:51pm

Amid protests, GE breaks ground on new Boston headquarters

Dogged protesters who say General Electric is getting unfair benefits from the state attended a groundbreaking ceremony for GE's new Boston headquarters on Monday morning. Mayor Marty Walsh and Gov. Charlie Baker joined General Electric executives for the ground-breaking ceremony at the...

Monday, May 8, 2017 - 12:29pm

New Google Docs phishing attack could give your computer malware

If you received an invitation from someone to edit a file via Google Docs, and you don’t recognize the name, don’t open it. It could be a phishing scam and a potential computer virus. On Tuesday, a clever email phishing scam quickly spread across the internet and is masked as an...

Thursday, May 4, 2017 - 12:14pm

Apple posts surprise dip in iPhone sales, shares fall

Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year. Under pressure from shareholders to hand over...

Wednesday, May 3, 2017 - 2:42pm

Bitcoin soars above $1,400 to all-time high

Bitcoin surged to an all-time high above $1,400 on Tuesday, after more than tripling in value over the past year, with its most recent rise attributed to strong demand in Japan, where the digital currency has been deemed a legal means of payment. Cryptocompare, a data website that analyses bitcoin...

Tuesday, May 2, 2017 - 7:30pm

List of well-known ESPN staffers receiving layoff notices

The way we consume news is rapidly changing and media companies are quickly changing their workflows to best utilize their resources. It is no surprise companies will go through layoffs to cut costs and change business strategies, and ESPN has become one of the latest big news organizations to...

Thursday, April 27, 2017 - 1:49pm

United report says 'many things went wrong' the day it forcibly dragged a passenger from a plane

United Airlines admits “many things went wrong” the day a passenger was violently dragged from a flight in a report released Thursday that details the incident and changes the airline says it will make to prevent similar problems. The report offers the airline’s fullest account...

Thursday, April 27, 2017 - 12:44pm

Massive shakeup at your favorite men's brand

For much of the past decade, J. Crew has been ground zero for the super-trendy urban-lumberjack look, but now the man responsible for it has been felled.   The brand's head menswear designer, Frank Muytjens, is leaving the company after 9 years. His departure comes after a corporate...

Tuesday, April 25, 2017 - 6:23pm

Ivanka Trump clothing is being secretly sold under a different label at retailers across the US

Check your clothing labels, because that Adrienne Vittadini blazer probably isn’t what it seems — fashion bloggers have discovered Ivanka Trump’ clothing brand is being sold under (gasp!) another label. Two identical garments — one with an Ivanka Trump label and another...

Tuesday, April 25, 2017 - 12:39pm

iBuyBlack discount card aims to boost black businesses in Philly

When Arnett Woodall proposed building a produce store in West Philly on a vacant lot known only for drug sales, his neighbors scoffed. "Most people laughed at me," he said. "It used to be the most trafficked destination for coke, crack and heroin in Philadelphia." Woodall was...

Monday, April 24, 2017 - 5:00am

Unicorn frappuccino a nightmare for Starbucks baristas

Starbucks’ unicorn Frappuccino might be the stuff of customers’ dreams, but the glittery rainbow-colored concoctions are apparently a nightmare for baristas everywhere. Customers have been flocking by the thousands to participating Starbucks, desperate to get their hands on the elusive...

Sunday, April 23, 2017 - 9:13pm

Harley Davidson will shift production, lay off 118 Pennsylvania workers

Motorcycle maker Harley-Davidson Inc said on Thursday it will lay off 118 workers at its York, Pennsylvania, plant and shift employment to Kansas City, Missouri. The company said it told employees in November 2015 of plans to shift production of Harley-Davidson Cruisers from the Pennsylvania...

Thursday, April 20, 2017 - 4:19pm

Whole Foods is about to get cheaper, but you'll pay a different price for a smaller bill

Looks like the organic supermarket known as “Whole Paycheck” is ready for a change that’ll be as healthy for your wallet as it is for your, well, health as Whole Foods is lowering prices. But don’t grab your canvas bags just yet — or at least not your big ones...

Wednesday, April 19, 2017 - 1:27pm