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More business headlines


Trump’s TikTok crackdown may be too much and too late

The Trump administration is unlikely to follow through on threats to bar TikTok and other Chinese smartphone apps from the US market.

Goya Foods boycott takes off after its president praises Trump

Goya Foods, whose products are a staple of US households, became the target of a boycott and considerable backlash Friday after its leader praised President Trump during a visit to the White House.

July 16 hearing set in N.Y. Trump tax case after Supreme Court ruling

Donald Trump will get a chance next week to try new arguments against Manhattan District Attorney Cyrus Vance’s subpoena of his tax returns and other financial records

It’s been 40 years since someone has built over the Mass. Pike. Until now

Developer Samuels and Associates has secured financing for a $700m office and hotel complex, and work is expected to start next week.

Members of Mass. congressional delegation say Brooks Brothers should pay severance to Haverhill workers

The clothing company's factory is set to close next month as it goes through bankruptcy proceedings.

Boston initiative seeks to improve accessibility at restaurants

The city's program will distribute portable ramps to restaurants that have outdoor seating in streets and parking spaces.


Wells Fargo readying thousands of job cuts to start in 2020

Wells Fargo & Co., the largest employer among US banks, is preparing to cut thousands of jobs starting later this year, potentially setting a bleak precedent for an industry that’s been resisting mass layoffs as the coronavirus pandemic worsens.

Black YouTubers ask why they’re left out of YouTube Kids

About a year ago, Zerius Zontay discovered that his family's work was no longer appearing on YouTube Kids. He and his wife, Symphony, regularly post short clips on the giant video-sharing site, featuring their three sons, who play with toys, sing songs, and joke around.

$30 million deal with Providence Strategic Growth gives Jobcase new capital

Jobcase said Thursday that it is selling a majority stake to one of its big investors based in Rhode Island in a deal that will help it expand its offerings.

Another 1.3 million seek jobless benefits as pandemic’s toll continues

The numbers of new unemployment filings have remained above a million each week since the pandemic began. In Massachusetts, another 26,760 people filed initial claims for unemployment aid,

Amid Wall Street’s worries, most stocks wilt

The sharpest drops hit oil companies, airlines, and others whose fortunes are most closely tied to a reopening and strengthening economy.

Relay Therapeutics is looking to raise $250m in its IPO next week

The Cambridge biotech is working to develop treatments for solid tumors.

Big pharma companies earmark $1b to develop antibiotics for drug-resistant bacteria

Some of the world's biggest pharmaceutical companies are reentering a field many of them had abandoned in recent years.

TelexFree bankruptcy judge approves $150 million for pyramid scheme victims

A bankruptcy judge in Boston has approved a plan to pay more than $150 million to people who lost money with TelexFree, an Internet phone-service provider that ran one of the largest pyramid marketing schemes ever.