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November 15, 2018

Money

City commission votes to give Citgo sign landmark status

Kenmore Square’s Citgo sign will soon go from Boston icon to landmark. In a unanimous vote Tuesday evening, the Boston Landmark Commission approved the sign’s new status. Following a 45-day veto period for Boston Mayor Martin J. Walsh and the City Council, the sign will become the city’s latest official landmark. Though the vote came

Travel startup Lola.com to partner with American Express venture

Lola Travel Company Inc. has signed a partnership with American Express Global Business Travel that could bring in tens of millions of dollars in revenue for the Boston-based startup, known as Lola.com, over the next five years. American Express GBT, which says it booked more than $30 billion worth of travel accommodations for clients in

Life sciences investment bank Leerink to be acquired for $280M

The parent company of Silicon Valley Bank has agreed to acquire Leerink Partners LLC, a Boston-based investment bank that focuses on the life sciences and health care industries, the companies announced Tuesday. Under the deal, Silicon Valley Bank’s parent company, Santa Clara-based SVB Financial Group, will pay $280 million in cash for Leerink’s parent company, Leerink

How other cities are reacting to not getting Amazon's HQ2

Elected officials and business leaders in major cities throughout the country were forced to pivot Tuesday following official word of Amazon.com’s (NYSE: AMZN) plan to divide its second U.S. headquarters among New York, Northern Virginia and a smaller site in Nashville, Tennessee. In Boston, neither public officials nor tech industry leaders seemed particularly surprised or

In rare move, Northeastern to acquire U.K. college

While it’s common for U.S. colleges and universities to open a satellite location or operate a study-abroad program in other countries, it’s unusual for one to outright buy a foreign college. Source: Boston Biz

GE to raise $4B by selling Baker Hughes shares

General Electric Co. on Tuesday began to sell off a chunk of its majority stake in oilfield services company Baker Hughes, announcing a plan that could net it about $4 billion in needed cash. Boston-based GE (NYSE: GE) said it has started a secondary offering of up to 101.2 million shares of Baker Hughes (NYSE:

Airbnb sues to invalidate Boston's home-sharing rules

San Francisco-based Airbnb Inc. is suing the city of Boston over regulations the City Council passed this summer to control the short-term rental market that Airbnb pioneered. Airbnb’s lawsuit, filed Tuesday in Boston federal court and first reported by The Boston Globe, asks a judge to stop the new laws from taking effect on Jan.

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