By Eli Chavez Nuclear fusion has seen increased investment within the past five years due to its promise of an inexhaustible, clean energy source. One fusion startup that’s testing its technology in the greater Boston area has taken a step in the race toward the first commercially viable fusion reactor. Type One Energy, a fusion startup […]
Gary Higgins Artificial intelligence deals led every area of venture capital investment in the first quarter, and Massachusetts deals held their own against stiff West Coast competition, according to newly released data. Despite being much smaller, in terms of population, Massachusetts ranked third behind California and New York for venture capital deals and total VC […]
By William Hall Another merger of Bay State financial institutions is in the works — and for the leaders of Eastern Bank and HarborOne Bank, this one is personal. Under a pending agreement, Boston-based Eastern Bankshares Inc. (Nasdaq: EBC) would acquire Brockton-based HarborOne Bancorp Inc. (Nasdaq: HONE) for roughly $490 million. Eastern plans to pay HarborOne […]
By William Hall Little more than a year after going public, the parent company of Needham Bank posted a 19% drop in quarterly net income due to two onetime expenses, while loans and deposits both grew. NB Bancorp Inc. (Nasdaq: NBBK) on Tuesday evening posted first-quarter results including net income of $12.7 million. Those numbers compare […]
Ashley Capoot IBM on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are […]
By Michael Silverman and Jon Chesto The New England Revolution just secured a crucial assist from the state Legislature to help build a soccer stadium in Everett. But it’s just the first of many issues to be resolved before they can reach that ultimate goal. Among the remaining questions: Is it financially feasible for the Kraft Group, […]
By Greg Ryan The potential soccer stadium in Everett may be getting lots of attention, but there’s another real estate-related provision in the state economic development bill that would have a far broader effect on the industry. The legislation, unveiled on Tuesday, extends approvals for building and other permits by two years statewide. The blanket extension would give […]
By Lauren Ohnesorge Red Hat is buying Neural Magic, an artificial intelligence firm based in the Boston area. Executives at the IBM (NYSE: IBM) subsidiary headquartered in North Carolina describe it as a play to level up in AI. “Red Hat has a long history of being open-sourced focused,” said Chris Wright, CTO of Red Hat, during a […]
By Chris Lisinski The Kraft family would clear a key hurdle toward building a new professional soccer stadium in Everett under a nearly $4 billion bill on the move this week whose economic impacts reach across nearly every business sector. Top Democrats on Tuesday evening filed a compromise economic development bill months after their deadline-day talks […]
by Bill Pastuszek In reviewing the year so far, what are some of the factors that are influencing markets? For commercial real estate (CRE), what are some signposts that may help to understand what is in the offing? How is New England doing compared to other markets? First, the Fed. The “benchmark” federal funds rate sank […]
