Boston Biz Journal Headlines

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  • Uber quietly rolls out bulk pricing for Boston riders, making it as cheap as $2 per ride August 25, 2016
    San Francisco-based car-hailing startup Uber is testing a new flat rate package that allows customers to pre-purchase rides in bulk, a la Amazon Prime, that can then be used throughout the month — and San Francisco is one of the program's test cities. "Starting this week, Uber has opened availability for its new beta program currently called 'Uber Plus' in six cities: San Francisco, Seattle, San Diego, Miami, Boston, and Washington D.C.," Forbes reports. "The program’s cost varies by city,…
  • Uber lost more than $1,000,000,000 in first half of year August 25, 2016
    Uber reportedly lost about $1.2 billion in the first half of the year, showing red ink even in the U.S. where it boasted in 2016 that it was profitable. Bloomberg cited unnamed sources who said the on-demand ride company's finance chief disclosed the numbers in a conference call with Uber's private investors on Friday. He told them the most highly valued venture-backed company in the world lost about $520 million in the first three months of 2016, before interest, taxes, depreciation and amortization.…
  • Healey fines local construction firm for failing to pay OT August 25, 2016
    Southborough-based JBJ Construction LLC and its owner have to pay nearly $84,000 for failing to pay overtime to dozens of employees that should have received it under state law, according to Massachusetts Attorney General Maura Healey’s office. An investigation by Healey’s office concluded that between September 2012 and October 2014, JBJ did not pay 28 qualifying employees time and one half their regular rate when they worked more than 40 hours in a week. Healey cited the company and owner…
  • How well did Massachusetts hospitals perform financially? New report sheds some light August 25, 2016
    Massachusetts General Hospital and Brigham and Women’s Hospital performed better financially than every other acute care hospital in the state in fiscal 2015, reporting some of the highest operating incomes. According to state data, released Thursday, Massachusetts General Hospital reported an operating income of $211.3 million — the only hospital to report an operating margin in the 9-figure range. That figure was 13 percent higher than the income the hospital reported in fiscal 2014. Check…
  • SEC charges Chelsea after city self-disclosed bond offer problems August 25, 2016
    When Chelsea's treasurer-collector learned of a voluntary disclosure program at the Securities and Exchange Commission two years ago, he decided to review prior financial filings, and turned up some minor discrepancies. On Wednesday, the SEC, which regulates Wall Street's financial markets as well as municipal bond offerings, announced that Chelsea was among 71 governmental debt issuers subjected to enforcement actions. The small city between East Boston and Everett faces no financial penalty and…
  • Monster CEO on stockholder's opposition to $429M buyout: It's 'reckless' August 25, 2016
    In an Aug. 24 letter to stockholders, Monster Worldwide CEO Tim Yates said Denver-based MediaNews Group's opposition to the upcoming $429 million buyout by Dutch human resources services firm Randstad is "reckless" and urged all shareholders to support the deal. The Weston-based jobs website operator announced earlier this month its intentions to be acquired by Randstad, and the deal is expected to close by the end of 2016. MediaNews Group Inc., owner of dozens of newspapers including the Denver…
  • Michael Bloomberg gives $32M to Harvard to fund city leadership program August 25, 2016
    Former New York City Mayor Michael R. Bloomberg has given $32 million to Harvard University to launch the Bloomberg Harvard City Leadership Initiative, a collaboration aimed at advancing leadership, management and innovation in cities across America and around the world. The initiative, which will be administered through Harvard, will equip "city leaders with the tools, skills and support increasingly required to tackle the complex leadership and management challenges faced in governing cities around…
  • Jennifer Aniston to help Shire launch its first treatment for eye disease August 25, 2016
    As Shire plc builds up to the launch of its first opthalmology treatment, this morning the drugmaker announced that actress Jennifer Aniston will be the public face of an effort to raise awareness about dry eye disease. Aniston said in a statement from the company that she recently learned she had dry eye disease, a condition shared by at least 16 million people in the U.S. “My eyes often become dry, itchy and irritated, especially when I am reading or outside,” says Aniston. “The symptoms…
  • Boston Children's garden advocates slam cost-benefit analysis of proposed expansion August 25, 2016
    Opponents of a planned $1 billion expansion at Boston Children’s Hospital that would eliminate the beloved Prouty Garden argue that the project will serve "no additional Massachusetts’ residents," and is instead based on demand from out-of-state patients. The group's rebuttal comes after the hospital released a favorable cost analysis of the project Wednesday, arguing that the project is cost effective and will enable the hospital to care for a growing specialized market. Children’s has sought…
  • ​Drug manufacturing jobs grow in Mass. despite losses elsewhere August 25, 2016
    Amid shrinking numbers of manufacturing jobs in the Bay State over the past decade, a new report finds the state is leading the way nationally in pharmaceutical-manufacturing job growth. Since 2006, the state has added 2,672 jobs in the industry that makes ingredients and biological components to be used in drugs, ending last year with 10,616 such jobs, according to a report released Wednesday by the state’s biotech industry group MassBio. That 34 percent increase is faster than the rate of increase…

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Reuters Top News

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  • American university attack hits at heart of Afghan liberal learning August 25, 2016
    KABUL/ISLAMABAD (Reuters) - With its spacious, leafy campus, foreign professors and English-language MBAs, the American University in Kabul offers young Afghan students the kind of Western-style education unimaginable for most of their peers.
  • U.S. Navy ship fires warning shots at Iranian vessel August 25, 2016
    WASHINGTON (Reuters) - A U.S. Navy ship fired warning shots toward an Iranian fast-attack craft that approached two U.S. ships, a Pentagon spokesman said on Thursday, in the most serious of a number of incidents in the Gulf area this week.
  • Mylan offers discounts on EpiPen amid wave of criticism August 25, 2016
    (Reuters) - Mylan NV said on Thursday it would reduce the out-of-pocket costs of its emergency EpiPen allergy injection for some patients amid a wave of criticism from lawmakers and the public over the product's rapidly escalating price.
  • Clinton, Trump clash over who is best for U.S. minorities August 25, 2016
    RENO, Nev./MANCHESTER, N.H. (Reuters) - Democratic presidential nominee Hillary Clinton accused Donald Trump on Thursday of fuelling America's "radical fringe" with racist rhetoric, even as her Republican rival sought to soften his image with an appeal to minorities.
  • Brazil's Senate begins Rousseff's impeachment trial August 25, 2016
    BRASILIA (Reuters) - Brazil's Senate began the trial of suspended President Dilma Rousseff on Thursday after a lengthy impeachment process that has paralyzed the politics of Latin America's largest nation and is expected to culminate in her removal from office next week.
  • Three die in crossbow attack in Toronto, man in custody: police August 25, 2016
    TORONTO (Reuters) - Three people were killed in an attack involving a crossbow in Toronto's east end on Thursday and a man was taken into custody, a police spokesman said.
  • Italy quake toll hits 250 as rescuers search flattened towns August 25, 2016
    AMATRICE, Italy (Reuters) - The death toll from a devastating earthquake in central Italy climbed to 250 on Thursday as rescue teams scoured mounds of rubble for a second day in towns and villages flattened by the natural disaster.
  • Volkswagen to spend at least $1.2 billion to compensate U.S. dealers: sources August 25, 2016
    WASHINGTON (Reuters) - Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday.
  • Turkey fires on U.S.-backed Kurdish militia in Syria offensive August 25, 2016
    KARKAMIS, Turkey (Reuters) - Turkish troops fired on U.S.-backed Kurdish militia fighters in northern Syria on Thursday, highlighting the complications of an incursion meant to secure the border region against both Islamic State and Kurdish advances.

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NRPC Seminar: FDIC Insured Investments

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Title: NRPC Seminar: Principal Protected Investments
Location: 330 Homer Street, Newton, MA 02459
Description: Principal Protected Investments combine some of the features of a fixed-income security, such as return of principal at maturity, with the potential for capital appreciation that you get from equities. They are designed to protect against losses at maturity, while providing the opportunity to participate in the gains on an equity investment.

Presented by: Mr. Richard Suder, CFA, CFP®, ChFC, CLU, CRPS, AAMS

Richard is an experienced independent financial advisor and the President of Auri Elan Financial Group located in Newton.  Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC. He holds various prestigious professional designations including Chartered Financial Analyst (CFA), Certified Financial Planner (CFP®), and etc.

Start Time: 19:00
End Time: 20:30
Date: 2011-03-10

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