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Fare gates at South Station boost MBTA commuter rail ticket activations, but weather remains an issue
The introduction of fare gates at South Station has led to an increase in ticket activations for the MBTA commuter rail. However, weather conditions continue to pose challenges for ridership. The MBTA previously estimated losses of $10 million to $20 million annually due to uncollected fares.
Quincy private jet company sees 10% sales growth as sporting events drive bookings
A Quincy private jet company has reported a 10% increase in sales, attributed to a surge in bookings related to major sporting events. CEO Alan Walsh highlighted that approximately 700 flights were booked for World Cup matches, indicating a strong growth area for the company.
Consumer sentiment falls in August after months of increases
Consumer sentiment experienced a decline in August following several months of increases. The downturn was observed across most metropolitan areas, highlighting the disparities in economic experiences among different groups within the K-shaped economy.
Ernst and Young selects new Boston managing partner
Brendan McCorry has been appointed as the new managing partner of Ernst and Young's Boston office, succeeding Jane Steinmetz. McCorry has spent 34 years with the firm and will now lead the local operations as Steinmetz takes on a broader role overseeing offices in the Northeast.
Martha's Vineyard institution changes hands after owner sought new steward
A Martha's Vineyard institution has changed ownership as the previous owner sought a new steward. The new owner, Borges, a health inspector from Brockton, has committed to maintaining the existing management team to ensure continuity in operations.
Alexandria proposes converting Moderna's former Cambridge headquarters into affordable housing
Alexandria has proposed a plan to convert the former headquarters of Moderna in Cambridge into affordable housing. The 1907 building has previously been home to several biotech companies, including Sigilon Therapeutics and Solid Biosciences. Alexandria is collaborating with Beacon Communities on this residential conversion project.