REAL ESTATE

Jamaica Plain apartment complex sold for $103 million

The developer of a new apartment complex in Jamaica Plain has sold it for $103 million. Boston Residential Group last week sold its 196-unit Olmsted Place on S. Huntington Ave. to North Carolina-based apartment management firm Bell Partners, which manages about 60,000 apartments nationwide. The building will now be called Bell Olmsted Park. Boston Residential bought the site — formerly the Home for Little Wanderers — for $10.1 million in 2013 and developed the building in a partnership with The Carlyle Group. Olmsted Place, which opened in late 2015, is now fully leased, according to Boston Residential. Rental websites list one-bedroom apartments rent starting at around $3,200 a month. — TIM LOGAN

TECHNOLOGY

Maker of restaurant management software gets $101 million in new funding

Toast Inc., a Boston-based maker of restaurant management software, has landed $101 million in fresh venture funding, including an investment from Generation Investment Management, a firm chaired by former Vice President Al Gore. Toast makes cloud-based software that allows restaurants to take meal orders and payments electronically. Diners can use Toast-enabled devices to place meal orders or make payments using tablet computers instead of paper. Restaurant managers can log on to the system from their smartphones to keep tabs on sales and track inventories. Toast cofounder Steve Fredette said that much of the cash influx will be used on an aggressive sales campaign to sign up new users. “We believe that we have the opportunity to build the biggest restaurant technology company in the world,’’ Fredette said. Founded in 2013, Toast has about 500 employees. The company’s services are used by restaurants throughout the United States, including local chains Flour and Fresh City. — HIAWATHA BRAY

PHARMACEUTICALS

Biogen earnings soar on sales of breakthrough drug

Biogen Inc.’s second-quarter revenue exceeded expectations, helped by strong sales of Spinraza, its new breakthrough drug for a devastating muscle-wasting disease — and one of the most expensive medicines in the United States. The Cambridge-based company’s revenue rose to $3.1 billion for the quarter, a 6 percent increase over the previous year. Revenue from Spinraza more than quadrupled over the prior quarter, from $47 million to $203 million. The drug, which won approval from the Food and Drug Administration just before Christmas, treats spinal muscular atrophy, or SMA. The disease, sometimes called “baby ALS,’’ is the leading genetic cause of infant mortality. Nationwide, 145 sites — including those in Boston — have administered the drug, which is injected into the spine. It comes with a hefty price tag of $750,000 per patient for the first year and $375,000 annually in subsequent years. Some insurers have balked at covering the medicine or have limited access to patients with certain forms of the illness. During a Tuesday conference call with industry analysts after the release of the earnings report, Biogen’s new chief executive Michel Vounatsos (right) also vowed to streamline operations to free up about $400 million a year by 2019 for research and development, and to buy drugs being developed by other companies. — JONATHAN SALTZMAN

RETAIL

Michael Kors to buy Jimmy Choo

Michael Kors has picked out some new shoes to go with its handbags. On Tuesday, Michael Kors Holdings said it had agreed to buy the shoe company Jimmy Choo for 896 million pounds, or about $1.2 billion, the latest push by a US high-end fashion house to find sources of growth in an increasingly competitive retail landscape. Many upscale brands like Michael Kors have faced plummeting sales and tepid profits. Mall traffic in North America has declined sharply, while shoppers who have traditionally been loyal to the so-called middle market have gravitated toward brands at extremes of the style and price spectrum. Jimmy Choo, which shot to prominence thanks to celebrity patrons like Princess Diana and the “Sex and the City’’ star Sarah Jessica Parker, could give Michael Kors a new avenue for growth. — NEW YORK TIMES

GOVERNMENT

House votes to block rule allowing suits against banks, credit unions

Targeting government regulations, the Republican-led House on Tuesday voted to nullify a rule that would let consumers join together to sue their banks or credit card companies rather than use an arbitrator to resolve a dispute. The repeal resolution passed by a vote of 231-190, almost entirely along party lines. The Consumer Financial Protection Bureau finalized the rule just two weeks ago. It bans most type of mandatory arbitration clauses, which are often found in the fine print of contracts governing the terms of millions of credit card and checking accounts. Republican lawmakers, cheered on by the banking sector and other leading business groups, wasted no time seeking to undo the rule before it goes into effect next year. They’ll succeed if they can get a simple majority of both chambers of Congress to approve the legislation and President Trump to sign it. — ASSOCIATED PRESS

MEDIA

Nielsen to track live TV watching on Hulu and YouTube

Nielsen will begin to tabulate how many people get their live TV from Hulu and YouTube, giving media companies and advertisers a better idea of how many people now stream broadcast networks rather than watching them on traditional TV. Hulu and YouTube have not revealed how many people subscribe to the live TV services that they launched in the spring as a counter to cable TV. Subscribers can stream channels live on laptops, smartphones, and elsewhere. They can also record shows digitally or watch them on demand. Both services cost nearly $40 a month. — ASSOCIATED PRESS

WORKPLACE

Wisconsin company wants to imbed microchips in workers

A Wisconsin company is offering to microchip its employees, enabling them to open doors, log onto their computers, and purchase break room snacks with a simple swipe of the hand. Three Square Market, also known as 32M, says it expects about 50 employees to take advantage of the technology. The chips are the size of a grain of rice and will be implanted underneath the skin between the thumb and forefinger. 32M provides technology for the self-serve break room market. — ASSOCIATED PRESS

BOOKSTORES

Activist investor wants Barnes & Noble to put itself up for sale

An activist investor has bought a ‘‘meaningful’’ stake in Barnes & Noble Inc. and is urging the bookseller to sell itself. Sandell Asset Management Corp. CEO Thomas E. Sandell, in a letter to Barnes & Noble’s board, said ‘‘the public market for retail stocks is contributing to a risky and inhospitable environment’’ and the company would be better served if it were private or part of a larger company. He did not disclose the amount of Sandell’s stake. Shares of Barnes & Noble jumped 70 cents, or 9.9 percent, to $7.83 in early Tuesday trading. In the letter to board, Sandell said the company is the only ‘‘truly national bookstore chain’’ and compared its locations to ‘‘beachfront property.’’ He said the company could get more than $12 per share. — ASSOCIATED PRESS

GOVERNMENT

Trump says he might reappoint Yellen

President Trump said Tuesday that he’s considering either re-nominating Janet Yellen for a second term as Fed chair or replacing her with someone else, possibly Gary Cohn, who leads his National Economic Council. Trump said in an interview with the Wall Street Journal that he has a ‘‘lot of respect’’ for Yellen and thinks she is serving capably. The president said he’s still considering asking her to serve four more years after her term ends in February. But he said he’s also considering other candidates, including Cohn, who joined the Trump administration after a 26-year career at Goldman Sachs. — ASSOCIATED PRESS