News money 2008-04-23 Andanh.com

It's a brave new Web world for Salem tourism: From Facebook to online ferry tickets, tourists turn t Mon, 21 Apr 2008 21:07:00 EDT
SALEM — Kate Fox has noticed something about the way potential tourists request information about the Witch City.
"Very few people are using the toll-free number anymore," said Fox, the executive director of Destination Salem, the city's tourism department.

Expense cuts help Boston Scientific post $322M 1Q profit Mon, 21 Apr 2008 19:44:30 -0400
BOSTON - Boston Scientific Corp.'s first-quarter profit more than doubled as the medical device maker cut expenses to offset declining sales of drug-coated heart stents. The...

Stocks decline after Bank of America profit falls short Mon, 21 Apr 2008 14:24:57 -0400
NEW YORK - Wall Street pulled back today as investors, who sent the major market indexes up 4 percent last week, reacted to a weaker-than-expected profit report from Bank...

Mass. gas prices at record high Mon, 21 Apr 2008 13:19:04 -0400
BOSTON - Gasoline prices in Massachusetts have made a major jump to a record high. A statewide survey on Monday by AAA Southern New England found an average price of $3.38...

Biogen Idec's Mullen receives $10.5M in 2007 Mon, 21 Apr 2008 13:14:09 -0400
BOSTON - Biogen Idec Inc. President and Chief Executive James C. Mullen received total compensation valued at almost $10.5 million in 2007, a year when the biotechnology firm's...

Attacks in Middle East, Nigeria send oil to record $117.40 Mon, 21 Apr 2008 06:57:11 -0400
Oil prices spiked to a record $117.40 a barrel after a Japanese oil tanker was hit by a rocket near Yemen and militants in Nigeria claimed two attacks on pipelines. The...

Show time: Dow Jones industrials' reports come due Sun, 20 Apr 2008 22:08:45 -0400
NEW YORK - The stock market has reacted well to the recent stream of glum earnings. But this week, Wall Street faces an even bigger flood of first-quarter results. And, as...

Crash could follow farm boom Sun, 20 Apr 2008 21:07:09 -0400
DES MOINES, Iowa - At a time of record agricultural profits, concerns are mounting that American farmers could be edging toward a financial crisis not seen since the 1980s...

Going the distance Sun, 20 Apr 2008 20:52:19 -0400
The family of long-distance runner Ryan Shay, who died tragically during Olympic marathon trials in November, wants to keep his memory alive and help provide money for struggling...

Black colleges seeking more financial support from alumni Sun, 20 Apr 2008 13:44:35 -0400
ETTRICK, Va. - Making money, administrators at Virginia State University have learned, takes money. The majority black school has spent millions of state dollars renovating...

The corporate shuffle Sun, 20 Apr 2008 11:23:45 -0400
A Bright decision. Dr. Mark Bright has joined Caritas Good Samaritan Medical Center in Brockton as a family medicine physician. They'll...

Report: Iran's president says oil prices too low Sun, 20 Apr 2008 09:14:44 -0400
TEHRAN, Iran - Iran's hard-line president declared that crude oil prices, now above $115 a barrel, are too low, state media reported Saturday. President Mahmoud Ahmadinejad...

Bruschi inspires hope for stroke victims at event Sun, 20 Apr 2008 09:01:45 -0400
Patriots star linebacker Tedy Bruschi and his wife Heidi hosted a 'Night of Inspiration' for the Stroke Foundation of the American Heart Association at the Seaport...

Woman crafts biz out of war Sun, 20 Apr 2008 08:02:41 -0400
During the dot-com boom, Amber Chand co-founded an artisan crafts company, Eziba, that landed $40 million in venture capital and had annual sales of $10 million. When the...

Fidelity follows dubious fad by opening 130/30 fund Sat, 19 Apr 2008 23:33:52 -0400
Mutual fund companies come up with new ideas all the time, but most don't gain any traction. So when Fidelity Investments joined the latest trend earlier this month...

Housing, parkland transform polluted Mass. lots Sun, 20 Apr 2008 22:13:36 -0400
Growing up in New Bedford, Henry Wainer remembers driving past the old Alden Corrugated Container Co. on trips out of the city. Then one day, the single-story cardboard box...

Condo loans could be tougher to get Sat, 19 Apr 2008 23:36:20 -0400
If you own or plan to buy a condominium, an ominous new phase of the mortgage credit squeeze could be looming on your horizon. As a result of underwriting changes by giant...

Court throws out lawsuit challenging NBC's 'Deal or No Deal' Mon, 21 Apr 2008 13:47:58 -0400
ATLANTA - Georgia's highest court today threw out a lawsuit contending that NBC's "Deal or No Deal" violated state anti-gambling laws when it invited viewers...

Don't bet U.S. stays No. 1 Mon, 21 Apr 2008 13:42:11 -0400
Kevin Phillips thinks there's more at stake than a recession when it comes to the subprime-mortgage crisis. He says it could signify the end of American financial...

Viacom, 5 Hollywood studios to create new TV channel Mon, 21 Apr 2008 05:23:39 -0400
LOS ANGELES - Viacom Inc. and five Hollywood studios are joining forces to create a television channel and video-on-demand service, the companies announced Sunday. The...

Heart exam, EKG recommended before children get ADHD drugs Mon, 21 Apr 2008 20:06:41 -0400
NEW YORK - Children should be screened for heart problems with an electrocardiogram before getting drugs like Ritalin to treat hyperactivity and attention-deficit disorder,...

FDA cites Chinese firm's manufacturing processes for heparin Mon, 21 Apr 2008 15:56:22 -0400
WASHINGTON - The Chinese manufacturer of a heparin ingredient does not have adequate systems for ensuring that the raw materials it uses are safe and that any impurities are...

American Axle strike hits 2 more General Motors factories Mon, 21 Apr 2008 16:44:55 -0400
DETROIT - As the strike at American Axle and Manufacturing Holdings Inc. lingers into its eighth week, workers on the picket line and even the president of the United Auto...

Gas guzzlers a hit in China, where car sales are booming Mon, 21 Apr 2008 15:50:46 -0400
BEIJING - High, wide and fuel-hungry, the gleaming black Cadillac Escalade on display at the Beijing auto show is an unlikely car for an era of record oil prices. But while...

Daimler, India's Hero OK commercial vehicle venture Mon, 21 Apr 2008 08:06:56 -0400
FRANKFURT, Germany - Daimler AG and India's Hero Group signed contracts Monday that will see them invest more than $1.1 billion in a commercial vehicle joint venture...

UAW chief unhappy with pace of American Axle talks Sun, 20 Apr 2008 09:11:37 -0400
AMBURG TOWNSHIP, Mich. - The president of the United Auto Workers says he is optimistic that the union can settle several contracts disputes at General Motors Corp. factories. But...

In quest for fuel efficient cars, size matters Sun, 20 Apr 2008 15:37:00 EDT
Worried about soaring gas prices and looking for something with a little better fuel economy? How about a nice Toyota Avensis? Or a Ford Mondeo? Or a turbodiesel anything?
If the Toyota and Ford model names seem a little strange to you, there's a reason. You can't buy them here. And the supply of turbodiesels in the U.S. market is very limited. But they are all big sellers in Europe and other parts of the world.

Develop your own plan to find success Sun, 20 Apr 2008 04:43:00 EDT
Which way do I go to find success?
It's amazing how many e-mails I get from people telling me that I can be a success if I just do it their way and pay them a bunch of money. The reason these people succeed with "do it my way" ideas is that most unsuccessful people don't have the confidence to do it on their own, or they have no game plan to do it on their own, and figure, "Well, if that guy did it, maybe I can do it."

Motor Mouth: Hyundai Santa Fe mimics pricier models Sun, 20 Apr 2008 04:31:00 EDT
At the risk of sounding like a hopeless rube, I'll confess that I mistook a Hyundai for a BMW last week. The error was fleeting, but still surprising. BMW makes premium-class vehicles designed to pamper, flatter and entertain people who enjoy active driving. By contrast, many people still consider Hyundai an economy brand.

Auto Scanner: High mileage could require rebuilt transmission Sun, 20 Apr 2008 04:20:00 EDT
Q: I recently purchased a 1992 Caprice Wagon with a 5.0 liter engine and 180,000 miles. This is the third I have owned and I really like this car. About six weeks after purchasing this car, the transmission started to slip in both second and third gear. I have asked about repairing this problem from a few local shops and don't feel comfortable with the answers or the cost. Can you help?

Auto Scene: Dealers reach out to students, Red Cross Sun, 20 Apr 2008 04:00:00 EDT
Student programs at Stoneham Middle School received a boost in March when Ira Nissan of Woburn gave $4,150 to support after-school activities. The contribution makes 2008 the fourth year in which Ira Nissan has partnered with the school. The dealership's contributions total nearly $20,000.

Hannaford details upgrades prompted by security breach Tue, 22 Apr 2008 12:00:00 EDT
PORTLAND, Maine (AP) — Hannaford Bros. Co. said it is spending millions of dollars to enhance the security of its data network following a massive breach that compromised up to 4.2 million credit and debit card numbers.

Business Briefcase Tue, 22 Apr 2008 05:45:00 EDT
Giving
The North Shore United Way raised $1,232,000 in 2007, a 6 percent increase over 2006 and the most in its 65-year history.
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Deborah Coull Salon, in honor of Earth month, will donate proceeds from haircuts and facials on April 28 from 11 a.m. to 7 p.m. to Global Greengrants Fund and local partner Clean Ocean Action. The salon is at 116 Rantoul St., Beverly.

At a glance Tue, 22 Apr 2008 05:45:00 EDT
North Shore residents like having cars. In most local communities, there's about one automobile for every two people, plus motorcycles, trucks and trailers. There are differences in the types of vehicles owned, as well; Peabody residents are several times more likely to own a heavy truck than are Salem residents. The Registry makes a distinction between luxury cars and all other autos.

Auto Scanner: Oil change leaves car owner in slippery situation Tue, 22 Apr 2008 05:45:00 EDT
Q: I have a 2007 Toyota Camry with a 2.4L L4 FI DOHC 16V. A few months back I got into a dispute with the dealer as they changed my oil and used synthetic. My user manual and everything I could find on Toyota's Web site clearly stated that synthetic was not required and regular oil was fine for this vehicle. When I pushed the dealer for an explanation they told me that Toyota has released a new recommendation to utilize synthetics. I was skeptical and assumed they wanted the extra $20 they zapped me for on the oil change. Do you have any documentation to confirm or deny the dealer's claims?

Corn, soy prices fall in fair weather Tue, 22 Apr 2008 05:45:00 EDT
Corn and soybean prices plunged yesterday as investors set aside their supply worries and bet that dry weather in the U.S. corn belt will allow growers to speed up planting.
Dry, warm weather is expected this week across the U.S. corn belt after days of heavy rainfall that have soaked fields and slowed spring planting. The favorable forecast raised hopes that planting could resume at a faster pace, touching off a broad agriculture sell-off in everything from corn to wheat to oats.

Gas prices reach new highs Tue, 22 Apr 2008 08:38:00 EDT
Gasoline prices in Massachusetts have made a major jump, reaching a record high.
A statewide survey on Monday by AAA Southern New England found an average price of $3.38 per gallon for self-serve regular unleaded.

Hasbro hopping Tuesday April 22, 2008
PROVIDENCE - Barbie maker Mattel Inc., struggling with higher costs and a big drop in sales of its Fisher-Price toys following last year's lead-related recalls, disappointed Wall Street yesterday with a $46.6 million loss in the first quarter.

Despite rebuff in 3Com deal, Huawei still has eyes on U.S. Tuesday April 22, 2008
LAS VEGAS - While many of the high-tech goods found in U.S. stores are "Made in China," most are designed and marketed by U.S. companies.

Gas at $3.50 a gallon as oil marches higher Tuesday April 22, 2008
NEW YORK - Rising gasoline prices tightened the squeeze on drivers yesterday, jumping for the first time to an average $3.50 a gallon at filling stations across the country with no sign of relief.

Cutbacks hike profit at Boston Scientific Tuesday April 22, 2008
BOSTON - Boston Scientific Corp.'s first-quarter profit more than doubled as the medical device maker cut expenses to offset declining sales of drug-coated heart stents.

Bank of America profit off 77 percent Tuesday April 22, 2008
CHARLOTTE, N.C. - If the 77 percent drop in Bank of America's first-quarter earnings is any indication, the economy may have a long way to go before it works out the problems that began with the subprime mortgage crisis.

China, U.S. trade charges on heparin contamination Tuesday April 22, 2008
WASHINGTON - China and the United States traded charges yesterday about whether a contaminant in the blood thinner heparin caused severe allergic reactions linked to as many as 81 deaths.

Stocks end mixed as bank profits decline Tuesday April 22, 2008
NEW YORK - Wall Street had a mixed performance yesterday as investors regained a cautious stance after disappointing news from Bank of America Corp. and Midwest bank National City Corp., and after another record-breaking tear in oil prices.

Girls go geek Tue, 22 Apr 2008 06:00 EST

A geek wears glasses. A geek is young and male. A geek spends night after solitary night at home, basking in the dim glow of his computer monitor. Or maybe not.

Five principles can help managers improve Tue, 22 Apr 2008 06:00 EST

The rules of the business world are often very different from the rules of living.

Maybe the cure won't kill you Tue, 22 Apr 2008 06:00 EST

Once, not too many years ago, you could feel safe with just an anti-virus program.

FCC: Comcast should stop blocking peer-to-peer file sharing Wed, 23 Apr 2008 00:10:57 -0400
FCC Chairman Kevin Martin yesterday scolded Comcast in testimony before Congress, saying actions taken by the cable giant have denied cable subscribers unfettered use of the...

LendingTree: Data is 'leave'-ing us Tue, 22 Apr 2008 23:59:19 -0400
The LendingTree is warning that personal information about its mortgage customers - including Social Security numbers and income data - was apparently swiped by former workers...

Housing price drop looks to be wa-a-a-y down Tue, 22 Apr 2008 23:07:47 -0400
NEW HAVEN, Conn. - An influential economist who long predicted the housing market bubble cautioned yesterday that the slump in the U.S. housing market could cause prices to...

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