Russia Diesel Deal Equals About 10 Days of U.S. Demand, Analysts Say
The Russia diesel deal adds 4.8M tons, about 10 days of U.S. demand. Goldman sees $1-$2/bbl relief; New England diesel sits at $6.44.
Business & Finance
Business and finance news from The Boston Report: companies, IPOs, bankruptcies and deals, including Boston-area business, explained so you get the key facts.
Union Oyster House Sale Is Final as Fertitta Family Takes Over
The Union Oyster House sale to Houston’s Fertitta family closed Oct. 1, ending Joe Milano’s 56 years as owner of America’s oldest restaurant.
Tamr Raises $21 Million From Volition to Grow AI Data Platform
Tamr $21 million funding: the MIT-born Boston data company raised growth equity led by Volition Capital to expand AI agents in its data platform.
State Street Q3 2026 Earnings: Profit Rises 27% to $1.09 Billion
State Street third-quarter 2026 earnings: the Boston bank’s profit rose 26.6% to $1.09 billion on record fees and $59.2 trillion in client assets.
Hasbro Boston Move: 587 Jobs Shift to Seaport in January
Hasbro’s WARN notice sets the Hasbro Boston headquarters timeline: 587 Pawtucket jobs move to 400 Summer St. in the Seaport in early January 2027.
Nubian Square Fire: Council Seeks Immediate Business Relief
Boston City Council calls for emergency aid, relocation help, and expedited services for businesses destroyed in the Sept. 28 Nubian Square Edison Building fire.
Chubb Leads $40 Billion U.S. War-Risk Insurance Plan for the Strait of Hormuz
Chubb leads a $40 billion DFC-backed war-risk insurance facility for Strait of Hormuz shipping. Here are its size, dates, premiums and the pre-war market leaders.
Life Time Commonwealth Pier Club: 45,000 Sq. Ft. in Seaport
Life Time Commonwealth Pier club: a 45,000-square-foot lease next to Fidelity’s Seaport HQ, about 150 jobs, $369 dues and a late 2027 opening. Our take.
Mayor Wu Uses BPDA Powers for Housing Tax Incentives on 1,400 Units
Boston would use BPDA-linked 121B tax abatements on four stalled projects totaling about 1,400 homes. Public comment on One Mystic runs through Oct. 14.
US-Russia Diesel Deal: 4.8M Tons, 180-Day License and Reactions
US-Russia diesel deal: up to 4.8M tons under a 180-day Treasury license to April 7, 2027. Size, dates, price impact and reactions.