Business & Tech

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page November 15, 2018 Braintree is shaping up to be a media mecca.First, the Boston Herald decided to relocate there. Now, this: The Patriot Ledger has announced plans to move from Quincy’s Crown Colony office park, its home for three decades, to the Adams Place office complex that straddles the Braintree-Quincy line in December.The GateHouse Media-owned paper’s 36 editorial employees will relocate to Adams Place on Route 37, two-plus miles away from Crown Colony, while nine employees in other departments will move to the company’s Pacella Park Drive office in Randolph. The newspaper originally moved from Quincy Center to Crown Colony in 1988. — Jon Chesto Advertisement Loading comments... … [Read more...] about Patriot Ledger to leave Crown Colony office park after three decades

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Globe Staff November 15, 2018 Edward Pennings, a former senior managing director of State Street Corp. in Europe, has been sentenced to six months in prison for his role in defrauding at least six of the bank’s clients through secret commissions on billions of dollars of securities trades. Pennings, 47, of Surrey, England, was the head of Boston-based State Street’s portfolio solutions group for Europe, the Middle East and Africa. He was sentenced on Wednesday by US District Court Judge Leo T. Sorokin, according to a statement from the US Attorney’s office in Boston. In June 2017, Pennings pleaded guilty to one count of conspiracy to commit securities fraud and wire fraud. In October, co-defendant Ross McLellan, 47, of Hingham, was sentenced to 18 months in prison and two years of supervised release after being convicted by a federal jury of one count … [Read more...] about Ex-State Street executive sentenced in secret commissions case

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Larry Edelman Globe Staff  November 15, 2018 Welcome to Talking Points AM for Thursday, Nov. 15, pre-snow edition. Here's what's shaking in business. AM Headlines ■ Facebook's strategy of delay, deny, and deflect: The New York Times takes a deep dive into how CEO Mark Zuckerberg and COO Sheryl Sandberg navigated -- often poorly -- the company's cascading crises. (NYT) ■ Theresa May faces internal Brexit backlash: Dominic Raab and Esther McVey among ministers to quit the UK prime minister's cabinet over EU agreement. (BBC) ■ Walmart reports mixed third-quarter results: Earnings topped analysts' expectations but revenue fell short due to currency headwinds. (CNBC) ■ Judge in CNN v. Trump case says he will rule today: CNN and its correspondent Jim Acosta are alleging that the White House's … [Read more...] about I love the nightlife and other top business headlines

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Scott Deveau Bloomberg News  November 15, 2018 Elliott Management Corp. disclosed that it has again taken a stake in the software company LogMeIn Inc., whose shares have tumbled 28 percent this year.The hedge fund run by billionaire Paul Singer held a 2.4 percent position in Boston-based LogMeIn as of Sept. 30, according to a regulatory filing Wednesday. LogMeIn’s shares plunged in July after it reduced its guidance for the year, amid a series of execution issues that it said its competitors had taken advantage of.A representative for New York-based Elliott declined to comment on the investment. A representative for LogMeIn wasn’t immediately available for comment. Advertisement Elliott has a history with LogMeIn, which has a market value of about $4.2 billion. Get Talking Points in your inbox: An afternoon recap of the day’s most … [Read more...] about Elliott Management takes new stake in LogMeIn After Share Drop

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By John Lauerman Bloomberg News  November 15, 2018 What Google has done with Internet searches and Facebook with sending birthday wishes, a Harvard professor is ready to do with genome sequencing: make it free.Nebula Genomics, devised by geneticist George Church to allow people to sell their DNA data for drug research and other uses, will provide complete DNA decoding at no charge for customers who answer a series of questions about their own health. The company begins offering its service Thursday and anyone is eligible to use it, Church said.The first complete analysis of the human genome was performed for almost $3 billion in 2003; just four years later, Church predicted that full genome sequences would soon be produced for $300. Now that laboratories are approaching that price -- as little as $600 -- Nebula says it can pay for it, and recoup costs by brokering … [Read more...] about A George Church startup offers free genome analysis