It's a long way to the top if you want to rock and roll. But 100.7 WZLX pulled it off. Boston's classic rock station achieved something in the final months of 2013 that it never accomplished before, in its 28-year history: It had the largest audience of any radio station in the entire Boston market, in the 25-to-54 demographic.
The state's economy is projected to grow during the first half of 2014 at roughly double the rate of growth we saw during the same time in 2013. That's the word from Northeastern University economist Alan Clayton-Matthews, who plays a key role in assembling the quarterly MassBenchmarks report as senior contributing editor. The report, released today, paints a picture of an economy firing on all cylinders. Massachusetts' gross state product is expected to grow at an annualized rate of 5 percent in the first quarter of 2014, and then at 4.7 percent in the second quarter. The estimated growth rates …
Boston home goods e-tailer Wayfair on Friday said revenue last year grew 55 percent to $915 million, in line with what CEO Niraj Shah had told the Boston Business Journal in September. Wayfair now ranks as one of the few online-only retailers, other than Amazon, which have managed to reach annual sales in the range of $1 billion, according to the BBJ.
Jerry Remy's announcement Monday that he will return to the NESN booth this season - even as his son's upcoming murder trial hovers grimly above his head - answered one question about the Red Sox broadcast team. But with pitchers and catchers due to report to Fort Myers in less than three weeks, another question remained: What is Jenny Dell's status? As it turns out, she is in a weird sort of limbo.
Moontoast announced Thursday it closed an additional $4.5 million in its Series B funding from a Tennessee-based investment firm. That brings total funding in the round to $9.5 million for the Boston-based social media advertising technology firm, according to the Boston Business Journal. Moontoast has now raised $20.5 million since its original founding in 2008 in Nashville. Moontoast previously made social media advertising campaigns for country music stars Taylor Swift and Keith Urban.
Care.com closed its initial public offering of stock Wednesday including the full exercise of options by underwriters, which boosted the IPO funding raised to $104.6 million, according to the Boston Business Journal on Thursday. The Waltham, Mass.-based caregiver services marketplace had priced the IPO at $17 a share on Jan. 23. The IPO initially raised $90.95 million through the sale of 5.35 million shares.
Starbucks CEO Howard Schultz says he plans to spend more time developing the coffee chain's rewards program, mobile payments and other digital projects of growing importance, according to an Associated Press report late Wednesday. The announcement comes after Starbucks last week noted a ''seismic'' shift to online shopping during this past holiday season. Executives blamed the changes for its slower growth in the quarter, saying that fewer people milling about at malls meant fewer opportunities for them to stop in at their local Starbucks.
Here at home, Lillie Marshall is a mother, a teacher in the Boston Public School system, and an avid blogger. But in Ghana, she's kind of a local celebrity. On January 9, while she was home with her child, a casual acquaintance sent Marshall an email letting her know that her face is plastered on a giant billboard in West Africa, advertising restaurant food and services for residents of Ghana.