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Tag: Business

  • Mayor Wu Declares a Cold Emergency in Boston for January 15

    Jan. 14, 2022, — Mayor Michelle Wu has declared a cold emergency in the City of Boston for Saturday, January 15, due to the extreme cold weather that is forecasted for this time period. Mayor Wu also declared a cold advisory for Sunday, January 16 and announced cold weather safety tips as cold temperatures are expected throughout the weekend. Boston is forecasted to experience wind chills below zero on Friday, January 14 through Sunday, January 16. BCYF Saturday locations will be activated as warming centers on January 15 only. Limit outdoor activities and if you must go out dress in several layers.For more information and safety tips visit boston.gov/cold

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  • Doug Merritt Steps Down as Splunk CEO as Graham Smith Named Interim CEO

    Announces Strong Preliminary Fiscal 2022 Third Quarter Results, Cloud ARR Surpasses $1 Billion

    SAN FRANCISCO – November 15, 2021 – Splunk Inc. (NASDAQ: SPLK), a data platform leader, today announced that Graham Smith, Chair of Splunk’s Board of Directors, has been appointed interim Chief Executive Officer, effective immediately. Smith succeeds Doug Merritt, who is stepping down after having served as President and CEO for the past six years. Merritt will remain with the company in an advisory role to ensure a smooth transition and as the Board begins its search for Splunk’s next CEO.

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  • MARA to Host Launch Party at Kowloon Restaurant on Nov. 9

    Boston, Nov. 2, 2021, — The Massachusetts Asian Restaurant Association is set to host its official launch party on Tuesday, November 9 from 6:30 PM to 10 PM at the Kowloon Restaurant located at Route 1 North, Saugus, MA. Guest speakers include: Donald Wong and Tackey Chan, Massachusetts House or representatives, and Bob Luz, Massachusetts Restaurant Association President. American restaurateur, Ming Tsai will be on a video call for the event.

    Tickets for the event are $20 per person and include food and drinks from the Kowloon Restaurant with entertainment by the Steve Bankuti Trio. For tickets, go to www.ma-ara.org/registration.html
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  • The RMB: A Reserve Currency for the Future?

    By Jing Guan, bostonese.com columnist

    China has been blamed for America’s debt crisis while, at the same time, trying to gradually increase the value of the RMB. However, RMB appreciation alone is not the answer to America’s debt crisis. Many economists, including Noble Prize Laureate Joseph Stiglitz, argue for a new global reserve currency. The next big question is: which economy will issue this new global reserve currency?

    China’s digital RMB is under public testing.
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  • Colonial Pipeline Releases Statement on System Restart Plan

    (Update — Sunday, May 9, 5:10 PM)

    On May 7, Colonial Pipeline Company learned it was the victim of a cybersecurity attack and has since determined that the incident involved ransomware. Quickly after learning of the attack, Colonial proactively took certain systems offline to contain the threat. These actions temporarily halted all pipeline operations and affected some of our IT systems, which we are actively in the process of restoring.

    Leading, third-party cybersecurity experts were also immediately engaged after discovering the issue and launched an investigation into the nature and scope of this incident. We have remained in contact with law enforcement and other federal agencies, including the Department of Energy who is leading the Federal Government response.

    Maintaining the operational security of our pipeline, in addition to safely bringing our systems back online, remain our highest priorities. Over the past 48 hours, Colonial Pipeline personnel have taken additional precautionary measures to help further monitor and protect the safety and security of its pipeline.

    The Colonial Pipeline operations team is developing a system restart plan. While our mainlines (Lines 1, 2, 3 and 4) remain offline, some smaller lateral lines between terminals and delivery points are now operational. We are in the process of restoring service to other laterals and will bring our full system back online only when we believe it is safe to do so, and in full compliance with the approval of all federal regulations.

    At this time, our primary focus continues to be the safe and efficient restoration of service to our pipeline system, while minimizing disruption to our customers and all those who rely on Colonial Pipeline. We appreciate the patience and outpouring of support we have received from others throughout the industry.

  • Dr. Man-Chung Tang Talks about Traveling to China During Covid-19 Pandemic

    Chongqing, China, Sept. 9, 2020 – Dr. Man-Chung Tang, Chairman of the Board of T.Y.Lin International and member of the U.S. National Academy of Engineering, made his way back to Chongqing from New York after purchasing the 10th flight ticket in half a year. He talked about his experience of trying to get back to China.

    During China’s Spring Festival, Dr. Tang and his wife flew to Africa for their vacation. The outbreak of COVID-19 in China changed its plan of going back. Instead, they flew to New York at the end of January.

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  • 99 Ranch Market Offers Same Day Delivery with Shipt

    Boston, March 27, 2020, — 99 Ranch Market is partnering up with Shipt to make your shopping experience more efficient and convenient. This service is for you if you are someone who has trouble carrying all the heavy groceries, a shopper who needs emergency stockup of your favorite products, or you just want to stay at home during these dire times. Shipt is the service for you.

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  • Direct Relief Sent Major Shipment to Chinese Hospitals

    Santa Barbara, California, Feb. 6, 2020, — With the backing of many U.S. private sector companies and foundations, Direct Relief today sent a major shipment of personal protective gear to Chinese hospitals at the epicenter of the coronavirus outbreak, including 250,000 N95 masks and other requested items.

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  • 99 Ranch Market Opens First N.E. Store in Quincy MA

    Quincy, Mass., Jan. 18, 2020 — 99 Ranch Market, the leading Asian grocery store chain, opened its first store in New England today. Quincy Mayor Tom Koch, City Council President Nina Liang and other dignitaries helped cut ribbon in front the store.

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  • BEA Releases First Official Release of Gross Domestic Product by County


    BEA Graphic on Percent Change in Real GDP by County, 2018, Bureau of Economic Analysis (BEA)

    Real gross domestic product (GDP) increased in 2,375 counties, decreased in 717, and was unchanged in 21 in 2018, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). The percentage change in real GDP ranged from 86.5 percent in Jackson County, WV, to -44.0 percent in Grant County, ND.
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