Category Archives: Business

There are 40,000 small businesses in Boston. Here’s how the city plans to help them.

A new report from the city of Boston recommends establishing a small business center, a 311 hotline to cater to those businesses and a new small business web portal.
Those were some of the many recommendations Mayor Martin Walsh announced on Wednesday as part of the city’s plan to help small businesses around the city. The creation of the plan is the result of a year-long effort, co-led by the city’s Department of Neighborhood Development and the Mayor’s Office of Economic Development.

from Boston Business News – Local Boston News | Boston Business Journal

Forget food trucks. This bank is building a branch on wheels.

Bankers harp about the importance of mobile banking, or connecting with customers over their smartphones, rather than brick-and-mortar offices.
Like his peers, East Boston Savings CEO Richard Gavegnano is a believer in offering online services to customers. But he also sees a future in a very different kind of mobile banking, one that requires a steady hand and 55 gallons of gasoline to operate.
East Boston Savings (Nasdaq: EBSB) has asked state regulators for permission to open a so-called mobile…

from Boston Business News – Local Boston News | Boston Business Journal

Boston events calendar company expands to Philly

Two Boston entrepreneurs are bringing their events-calendar website to Philadelphia, joining the market that includes similar locally-based and -grown companies.
The City Calendar in 2013 launched The Boston Calendar in Massachusetts and has since garnered a monthly average of 2 million page views, up from 600,000 page views last year, according to cofounder Sean O’Connor.
Now he and cofounder Saurav Bhattacharyya are taking that success to Philadelphia with the launch of The Philly Calendar, a…

from Boston Business News – Local Boston News | Boston Business Journal

Medical community mobilizing against legalized marijuana in Massachusetts

The state’s medical community is voicing strong opposition to recreational use of marijuana, formally speaking out for the first time this week against a statewide ballot campaign to legalize the drug.
The opinions, voiced during a hearing at the State House on Monday, could present a powerful roadblock to legalization efforts. The hearing was part of a requirement in the state’s ballot process, one that enables lawmakers to craft their own legislation to address issues raised by stakeholders ahead…

from Boston Business News – Local Boston News | Boston Business Journal

The 20 most valuable brands ever acquired


The companies behind many of your favorite brands have been on a buying spree.

Kraft Foods last year became the most valuable brand to have been bought since 2000. 

It was acquired by 3G Capital- and Warren Buffett-owned Heinz, with the Kraft brand valued at $41.3 billion, according to brand specialist Markables . 

All brands which are acquired have to be valued and reported separately, according to accounting rules. 

To get a better sense of the massive amount of money spent on acquiring big-name brands, Markables compiled a list of the 20 most value brands to have been bought since 2000.

Behind Kraft was tobacco company Lorillard, which was valued at $27.2 billion. It was acquired by Reynolds America, also in 2015.

The previous record was set in 2008 by beer makers InBev and Anheuser-Busch, which makes Budweiser.


Here is the full list of the 20 most valuable brands:

Kraft Foods

Thomson Reuters

Brand value: $41.3 billion

Acquirer: Kraft Heinz Co.

Year acquired: 2015

Revenues: $18.20 billion

Brands: Kraft, Oscar Mayer, Philadephia


Thomson Reuters

Brand value: $27.2 billion

Acquirer: Reynolds American

Year acquired: 2015

Revenues: $6.99 billion

Brands: Newport, Kent


Thomson Reuters

Brand value: $25.56 billion

Acquirer: Procter & Gamble

Year acquired: 2005

Revenues: $11.18 billion

Brands: Gillette, Duracell, Oral B, Braun 

See the rest of the story at Business Insider

See Also:

SEE ALSO: Morgan Stanley is allowing staff to use Airbnb

from Business Insider

Mass. shows improving jobless rate, but there’s a catch

Massachusetts’ total unemployment rate dropped to 4.7 percent in January from the revised December rate of 4.9, the state announced Thursday.
The preliminary job estimates from the Bureau of Labor Statistics indicate Massachusetts actually lost 2,500 jobs in January, according to the state Executive Office of Labor and Workforce Development.
But there’s good news in local labor news from the past year: From January 2015 to January 2016, the BLS estimates Massachusetts has added 48,900 jobs.

from Boston Business News – Local Boston News | Boston Business Journal