Suffolk University receives $ 3 million donation to fund technology apprenticeships

AUTOS

CarGurus has a new member of the Board of Directors

The online auto marketplace CarGurus Inc. has recruited Yvonne Hao, former executive of PillPack, to join the Cambridge company’s board of directors. Hao has been Managing Director of private equity firm Cove Hill Partners since July 2019. Prior to that, she was COO and CFO of PillPack, a pharmaceutical startup based in Somerville. Hao was instrumental in engineering the sale of this company to Amazon in 2018 and its subsequent integration. Hao previously worked for private equity firm Bain Capital for almost nine years before joining PillPack in early 2017. Hao holds a seat on the board of CarGurus which was held by Anastasios Parafestas, who resigned from the board of CarGurus. administration Tuesday after more than 15 years. . – JON CHESTO

BUSINESS DEVELOPMENT

Former government official to take over Lawrence Partnership

A former state economic development official takes over as managing director of The Lawrence Partnership, an organization that supports business and economic development in the City of Lawrence. George Ramirez, an attorney who was previously executive vice president of quasi-public MassDevelopment and previously a senior housing and economic development official in the Patrick administration, is replacing longtime leader Derek Mitchell at The Partnership. Mitchell will be leaving the Partnership later this month to become President of LEADS, an organization that provides executive leadership training to Lawrence, Haverhill and Lowell. – JON CHESTO

INTERNATIONAL

Toshiba allegedly used government allies to influence shareholders

The powerful Japanese Ministry of Commerce, the former investment chief of his giant pension fund and even the current prime minister. These are the actors described in a detailed description of how Toshiba allegedly appealed to government allies to try to influence the vote at its annual general meeting last year. The management of the more than 145-year-old manufacturer worked hand-in-hand with public officials in an attempt to influence the outcome, according to a 139-page report written by three independent investigators elected by Toshiba shareholders to examine the matter. – BLOOMBERG NEWS

CONSTRUCTION

Construction of houses in May, despite the price of wood

Homebuilding in the United States rose 3.6% in May as builders battled soaring lumber prices that made homes more expensive. May’s increase left construction at a seasonally adjusted annual rate of 1.57 million units, the Commerce Department reported on Wednesday. Building permit applications, expected for further indications of activity, fell 3% in May to a seasonally adjusted annual rate of 1.68 million units. – ASSOCIATED PRESS

TECHNOLOGY

Google will open a store in New York

Google will open its first retail store in New York City, highlighting the internet giant’s efforts to promote its consumer hardware devices. The store, located in Manhattan’s trendy Chelsea neighborhood, will open to the public on Thursday, the Mountain View, Calif., Based company said in a blog post on Wednesday. The store, which is one block from Apple’s competitor store on 14th Street, occupies part of the first floor of Google’s New York City offices. Google started experimenting with pop-up stores in 2016, the same year it launched its Pixel smartphone and Nest smart home speaker. – BLOOMBERG NEWS

AUTOMOTIVE

Ford to keep gasoline-powered Lincoln linens in lineup

Ford Motor Co.’s luxury Lincoln line is ramping up its electric vehicle strategy and plans to offer plug-ins across its lineup by 2030 – but the automaker is also hedging its bets by keeping gas burners in the pipeline. exhibition room. Lincoln will introduce its first all-electric model next year. By 2026, it expects half of its global volume to be gas-electric hybrids and battery-only vehicles, with the selection increasing from there. The rest will be gasoline-only vehicles. The strategy contrasts with the all-electric strategy of the General Motors Co. Cadillac presented this year. Lincoln says he will give customers what they want. – BLOOMBERG NEWS

GEM STONES

Giant diamond discovered in Botswana

Debswana Diamond Co., a unit of De Beers, unearthed a 1,098-carat stone in Botswana on June 1, the largest since the company began operations five decades ago. The stone was discovered at Jwaneng, the world’s richest mine by value, which is undergoing a $ 2 billion expansion. “Debswana will work with the government of the Republic of Botswana and De Beers to appraise and sell the diamond to ensure that it yields the maximum benefit to the people of Botswana,” the company spokesperson said, Rachel Mothibatsela. Debswana is a 50/50 partnership between Botswana and De Beers to extract gemstones from this South West African country. Last year, the company produced 16.6 million carats, up from 23.3 million carats in 2019. – BLOOMBERG NEWS

POULTRY

Chicken prices skyrocket as fast food establishments launch more fried sandwiches

U.S. producer prices for processed poultry hit an all-time high in May, climbing 2.1% for the eighth consecutive monthly increase, U.S. government data showed on Tuesday. The increase comes after several major fast food chains recently launched fried chicken sandwiches in a bid to match Popeyes’ viral success in 2019. Sales have also increased, with consumers preparing more meals at home during the season. pandemic. Meanwhile, poultry producers have struggled to meet growing demand, with labor shortages at meat factories and severe winter storms that have killed thousands of birds, resulting in restricts the supply of chicken. – BLOOMBERG NEWS

BEER

Remuneration and bonuses of Heineken managers may depend on green efforts

Salaries and bonuses paid to Heineken managers may soon depend on their commitment to tackling climate change, as the world’s second-largest brewer looks for ways to meet its goal of net zero emissions by 2040. The companies are increasingly under pressure from board members, investors and clients to prove that they are taking meaningful action to reduce their impact on the planet. Experts say tying executive pay is a key step in pushing company leadership to meet climate goals. About 90% of Heineken’s emissions come from the suppliers, packaging and logistics for the storage and transport of its beer. The rest is generated during the production of the drink. – BLOOMBERG NEWS

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