The first week of 2016 didn’t disappoint on the news front, especially for many Chamber members. Here are some of the biggest stories in Boston business:
Major Boston media shakeup: You’ll likely have a new home for Saturday Night, Live, TODAY, and the Voice, as NBC (owned by our member Comcast) is dropping its affiliation with WHDH-TV Channel 7. The new plan? A network-owned “NBC Boston” on a frequency TBD. Read more.
Wayfair heads north of the border: This was a HUGE week for our member Wayfair. First, they announced a massive expansion (100,000 sq. feet, in fact) of its Copley Place headquarters. It’ll mark a 40 percent increase to the space they moved into just 17 months ago. A day later, the home décor giant launched wayfair.ca, offering more than 7 million products to consumers throughout Canada. It’s just the latest example of a Boston born-and-bred company taking global markets by storm.
Charles River Labs makes $585 million acquisition: Speaking of global splashes, Wilmington-based Charles River Labs acquired Ohio-based WIL Research Laboratories. The move deepens the company’s reach throughout Europe, and across the agricultural and industrial chemical markets. Read more.
A whopping $140 million deal: Just how valuable is the Mandarin Oriental, Boston? $140 million, in fact. Our member was purchased by Hong Kong-based Mandarin Oriental Hotel Group, which holds the same name. Big message here: Our region’s hospitality industry is certainly gathering big eyes from foreign investors. Read more.
Boston priming to be the Hub of digital health care. Government and business leaders announced a partnership Thursday to create an accelerator space specifically for early-stage digital health care companies. The collaboration is designed to attract – and grow – many more digital health companies here in the Commonwealth. Read more.
Another winter, more MBTA delays? Winter made its grand re-entrance this week, with single-digit temps dropping on Greater Boston Tuesday and Wednesday. And the MBTA had trouble keeping pace (just ask anyone on the Haverhill Commuter Rail line). Time will tell if this winter will be a repeat of last year. It’s an issue we’re discussing in two weeks.
Mark Cuban invests in Massachusetts. The Dallas Mavericks owner is laying stake in the region’s innovation economy, investing in Beverly-based start-up Fantasy Labs – yet another major fantasy sports company right in our backyard. Read more.
GE coming to Boston? Rumor has it General Electric is looking to move its HQ out of Connecticut, with Boston and NYC being tossed around. WCVB-TV spoke to Chamber CEO Jim Rooney for his thoughts. Read more.
Each week, we’ll share all of the week’s top news impacting the local business community. We especially love big customer wins or amazing accomplishments among our 1,500+ members. To submit content, give us a shout! (We also love to share then on our Twitter feed)