The Massachusetts Board of Trustees will vote on allocating funds to various investment companies


Shipley gives BU $8m for digital center

Fund manager and philanthropist Richard Shipley has donated $8 million to Boston University to establish the Shipley Center for Digital Learning & Innovation. The center, which is due to open early next year, would be part of BU’s Office of Digital Learning and Innovation. It would, among other things, serve as a resource for faculty members looking for help creating digital content for their courses by providing design support, digital media production and consulting services. The first director of the Shipley Center will be Romy Ruukel, who currently leads digital initiatives for the office of digital learning and innovation; she joined BU in 2013 and has played a crucial role in helping BU offer online MBA degrees. Shipley, a graduate of BU’s Questrom School of Business and a director emeritus, founded Shiprock Capital LLC, a local private equity firm. — JON CHESTO


Rents for single-family homes hit a record high in September

Rental prices for single-family homes in the United States rose 10.2% in September, according to data compiled by CoreLogic Inc., hitting a new record high after a summer of accelerating pace. Vacancy rates near 25-year lows are driving rental growth in the market, with the most expensive homes seeing the biggest gains, according to CoreLogic, which tracks changes nationwide. Miami saw the biggest increase among metro areas, at 25.7%, followed by Phoenix and Las Vegas, with gains of 19.8% and 15.9% respectively. Chicago and the Northeast metros had the slowest growth. Chicago came in at 2.8%, while rents in Boston and Philadelphia rose 4% and 4.3%, respectively. — BLOOMBERG NEWS


Netflix will release data on what people watch

Netflix will start telling the world how many people are watching its shows – at least the most popular ones – giving investors more data on what subscribers are watching. The streaming service will release weekly lists of its most popular TV shows and movies around the world. They will be ranked by the number of hours people spend watching them, as opposed to the number of viewers, Netflix said on Tuesday. The company will also publish country-specific listings without the times. — BLOOMBERG NEWS


Ocean freight rates may not drop for two years

Ocean freight rates, which have plagued retailers and manufacturers throughout 2021, could take more than two years to return to normal levels if past market cycles are any indication. That’s the conclusion of an analysis by Sea-Intelligence, a Copenhagen-based marine data and consultancy company. Container shipping rates have declined in recent weeks from record highs reached in September and October. Still, a Freightos index of transpacific fares where demand is strongest is nearly 300% higher than a year ago. — BLOOMBERG NEWS


Microsoft activates three “green” centers in Sweden

Microsoft has activated a series of data centers at three sites in Sweden that run entirely on green energy through a partnership with state-owned Vattenfall. The Swedish computer rooms, covering a total area of ​​almost 900 acres, are the latest in the company’s expansion to meet the huge corporate appetite for secure cloud services. Microsoft is currently increasing its count of 250 centers by 50 per year. — BLOOMBERG NEWS


Factory production increased more than expected in October

Production at U.S. factories rose in October more than expected, rebounding from the effects of Hurricane Ida and suggesting manufacturers are having an easier time coping with material shortages. The 1.2% increase in manufacturing output followed a 0.7% decline in September, Federal Reserve data showed on Tuesday. Total industrial production, which also includes mining production and utilities, rose 1.6% in October. — BLOOMBERG NEWS


Trade court overturns Trump ruling on solar panels

A U.S. trade court has reinstated a tariff exemption on certain imported solar panels, a ruling that benefits domestic clean energy developers. Former President Donald Trump closed a loophole last year that exempted double-sided solar panels from import duties, but that “constituted an action outside the president’s delegated authority,” the judge said on Tuesday. United States Court of International Trade Gary Katzmann in a decision. As a result of the court’s decision, all companies that paid tariffs under the Trump-era proclamation will receive refunds, according to industry trade group Solar Energy Industries Association. — BLOOMBERG NEWS


Google will invest in Australia

Google announced on Tuesday that it will invest $740 million in Australia over the next five years, promising to build a research center, increase its cloud computing capacity and team up with government scientists to tackle challenges such as expanding the use of green energy. The investment – A$1 billion – is the tech giant’s biggest commitment to the country since opening its Sydney office in 2002, and it follows a deadly battle this year over legislation that has ultimately forced America’s biggest tech companies to pay for news appearing on their platforms. -NEW YORK TIMES


Boeing sells 737 Max planes to Indian airline

Boeing scored its first big win at the Dubai Airshow after an Indian start-up announced it would order 72 of the US planemaker’s 737 Max jets. Akasa Air, a Mumbai-based carrier, will start taking delivery of the Max 8 and Max 8-200 jets from mid-2022, according to a statement on Tuesday. The deal is reportedly valued at $9 billion at list price, although discounts are common. With this order, Boeing can finally make a dent in the Indian narrow body market dominated by Airbus. — BLOOMBERG NEWS