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| Business news in brief Tue, 13 May 2008 05:45:00 EDT New businesses Chyten Educational Services, a tutoring and test preparation business, has opened a new center at 950 Cummings Center, Suite 104-X, in Beverly. nnn Dogtopia, a day care, spa and boarding facility for dogs, recently opened at 139 Endicott St. in Danvers. |
| Business briefcase: May 13 Tue, 13 May 2008 03:36:00 EDT Pentucket Bank promotes George Fahey HAVERHILL — Pentucket Bank has named George Fahey of West Newbury to senior vice president, chief financial officer and treasurer. He will be responsible for the management of the banks' finance and accounting operations. He has an extensive background in the banking industry and was previously employed by the former Family Bancorp of Haverhill for more than 16 years, where he was the executive vice president and chief financial officer before taking a position with Joan Fabrics Corp. of Tyngsboro, where he held the same positions. |
| Lifesaving text Tuesday May 13, 2008 WASHINGTON - 4gt yr meds? Getting kids to remember their medicine may be a text message away. |
| Massad outlines investment plan Tuesday May 13, 2008 WORCESTER - David G. "Duddie" Massad maintained on the witness stand yesterday that he never intended more than $8 million in checks he wrote to Entrust Capital Management to be invested in the company's investment fund - even though the checks were made out to Entrust, and he signed an Entrust partnership agreement. |
| Sovereign rebounds from loss Tuesday May 13, 2008 Sovereign Bancorp Inc., the second-biggest U.S. savings and loan, plans to raise about $1.5 billion in capital as the company tries to rebound from losses in 2007. |
| Hewlett-Packard may purchase EDS Tuesday May 13, 2008 SAN FRANCISCO - Hewlett-Packard Co. is negotiating to buy information technology services provider Electronic Data Systems Corp. in a deal that could help the world's largest personal computer maker win more consulting contracts with large companies and government agencies. |
| iPhones selling out Tuesday May 13, 2008 SAN FRANCISCO - Apple Inc. said yesterday its online stores in the U.S. and U.K. are sold out of the iPhone, a sign supplies are being winnowed ahead of the launch of the device's next generation featuring faster Internet surfing speeds. |
| Chrysler cuts planned SUV to focus instead on compact Tuesday May 13, 2008 Chrysler LLC, the automaker owned by private-equity firm Cerberus Capital Management LP, canceled plans for a new sport-utility vehicle and is instead investing in a compact car. |
| Decrease in oil price spurs rise in stocks Tuesday May 13, 2008 NEW YORK - Wall Street rallied yesterday as oil prices fell back and alleviated some of investors' concerns about accelerating inflation. The Dow Jones industrials gained 130 points. |
| Hot idea: A better way to heat Tue, 13 May 2008 06:00 EST In 1994, during the first winter that David Shaw lived in Bristol, Conn., the heating bills for his condominium reached as high as $400 a month — a sum that he found shocking. |
| State gas tax break floated Tue, 13 May 2008 06:00 EST The measure, similar to a proposal at the federal level, would waive the levy for the summer months. |
| Pilgrim nuclear plant strike threat looms Tue, 13 May 2008 06:00 EST Workers at the Pilgrim Nuclear Power Station in Plymouth are threatening to walk off the job this week if they can't settle a contract dispute with the company. |
| All's fair? Not in the music industry Tue, 13 May 2008 06:00 EST "Beware of strange faces and dark dingy places, be careful while bending the law; and the house you live in will never fall down if you pity the stranger who stands at your door. |
| Sandwich rehab hospital cuts jobs Tue, 13 May 2008 06:00 EST The Rehabilitation Hospital of the Cape and Islands is cutting 14 jobs because of decreased demand for inpatient services. |
| Gas prices too plump to pump Tue, 13 May 2008 06:00 EST Old gas pumps run into problems at $4 a gallon. |
| County commissioner candidates debate Tue, 13 May 2008 06:00 EST Tomorrow at 7 pm the five Democratic candidates for two open seats on the Barnstable County Commissioners will debate at the Harwich Community Center at 100 Oak St. |
| Bernanke: Financial turmoil in markets easing Tue, 13 May 2008 13:15:12 -0400 WASHINGTON - Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said today. The... |
| Iran report pushes oil to new record, gas jumps above $3.73 Tue, 13 May 2008 12:55:22 -0400 NEW YORK - Oil prices shot to a new record near $127 a barrel today on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record... |
| Stocks decline after retail sales report, oil spikes Tue, 13 May 2008 12:14:55 -0400 NEW YORK - Wall Street pulled back today after a report on retail sales and comments from Federal Reserve Chairman Ben Bernanke gave investors little incentive to extend the... |
| Staples sweetens hostile bid for Corporate Express Tue, 13 May 2008 12:12:18 -0400 BOSTON - Corporate Express NV said it is willing to consider a sweetened $2.47 billion hostile takeover bid by rival office products supplier Staples Inc., which boosted its... |
| American Girl store in Natick to offer doll parties, hairstylists Tue, 13 May 2008 11:05:31 -0400 American Girl Inc. - the retail phenomenon that's sold 14 million historically themed and contemporary dolls and 123 million books since 1986 - is expanding its still-fledgling... |
| TJX 1Q profit rises nearly 20 percent Tue, 13 May 2008 10:55:06 -0400 BOSTON - TJX Cos. said today its first-quarter profit rose nearly 20 percent as the discount retailer continued to draw shoppers increasingly looking for bargains in a tough... |
| Walk-off homer Tue, 13 May 2008 08:47:22 -0400 We had our first softball game of the season the other night. The opposing team showed up one player short, so they were technically on the brink of forfeit. At the last second,... |
| Retail sales dip for second time in 2 months Tue, 13 May 2008 08:40:48 -0400 WASHINGTON - Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April. The Commerce Department reported Tuesday that... |
| High gasoline prices spawning songs, signs, symbolic acts Tue, 13 May 2008 04:23:06 -0400 PITTSBURGH - Americans facing rising gasoline and diesel prices are cycling about, saddling up, singing out and, sometimes, resorting to violent symbolism. Dozens of Alabama... |
| Survey: 1 in 10 boomers borrowing for everyday expenses Tue, 13 May 2008 04:20:24 -0400 NEW YORK -The economic downturn is hitting roughly one in 10 middle-aged and older Americans especially hard, compelling them to borrow money for everyday living expenses... |
| Gas leaps $4 barrier Tue, 13 May 2008 02:58:06 -0400 Pump prices breached the $4 mark yesterday at a local gas station, as yet new records were set for gas and diesel in Massachusetts and across the nation. At Lexington... |
| Old gas pumps can't handle ever-rising prices Tue, 13 May 2008 02:37:04 -0400 REARDAN, Wash. - Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more... |
| Don't mortgage future by buying Fannie Mae Mon, 12 May 2008 23:27:12 -0400 When Fannie Mae, the government-sponsored mortgage company, announced a larger-than-expected quarterly loss and another planned cut to its dividend last week, the stock immediately... |
| Pilgrim nuclear plant union warns public safety may be threatened by strike Mon, 12 May 2008 23:26:24 -0400 A labor dispute at Plymouth's Pilgrim Nuclear Power Plant is going radioactive. The Pilgrim union, threatening to go on strike Friday, is warning that key disposal... |
| Burlington fund, ex-executive to pay $1 million in insider-trading case Mon, 12 May 2008 23:25:59 -0400 A Burlington hedge fund and its ex-manager have agreed to pay more than $1 million for trading on inside information surrounding Citizens Bank's $10.5 billion purchase... |
| Magic trick: Same price, less ice cream Mon, 12 May 2008 23:25:16 -0400 Don't blame your household's midnight ice cream raiders when those large containers of Edy's or Breyers in your freezer are depleted more quickly than usual. ... |
| Hewlett-Packard looks to buy Electronic Data Systems for $12- to $13 billion Mon, 12 May 2008 21:25:40 -0400 SAN FRANCISCO - Hewlett-Packard Co. is negotiating to buy technology services provider Electronic Data Systems Corp. in a deal that could help the world's largest personal... |
| Use of wind energy expected to grow dramatically Mon, 12 May 2008 20:46:33 -0400 WASHINGTON - Two decades from now Americans could get as much electricity from windmills as from nuclear power plants, according to a government report that lays out a possible... |
| Owner of shuttered Wendy's restaurants fined $50,000 Mon, 12 May 2008 18:39:46 -0400 SPRINGFIELD - The former owner of 13 Wendy's restaurants in western Massachusetts has been fined $50,000 after his company pleaded guilty to charges it failed to pay... |
| Stocks up as oil price drop eases inflation fears Mon, 12 May 2008 18:11:02 -0400 NEW YORK - Wall Street rallied today as oil prices fell back and alleviated some of investors' concerns about accelerating inflation. The Dow Jones industrials gained... |
| Something to quack about: Biodiesel 'Ducks' Mon, 12 May 2008 17:08:48 -0400 Boston Duck Tours is starting to green its fleet. The land-water tour company is replacing five of its 24 World War II amphibious vehicles known as DUKWs with more efficient... |
| Crude falls after hitting new record above $126 Mon, 12 May 2008 16:08:33 -0400 NEW YORK - Oil prices briefly spiked to a new record above $126 a barrel today but ended the day lower as investors cashed in profits and an earthquake in China raised the... |
| Ex-hedge fund manager settles civil insider trading case Mon, 12 May 2008 16:02:13 -0400 BOSTON - A former hedge fund manager from Waltham and his investment business have agreed to pay more than $1 million to settle an insider trading case. The Securities... |
| Ten-story building proposed for site on Stuart Street Mon, 12 May 2008 23:24:14 -0400 The long-defunct Jae's restaurant would be replaced by an office and retail complex in the latest redevelopment project along the Stuart Street corridor. Brighton... |
| Fenway Park zone eyed Mon, 12 May 2008 23:23:39 -0400 City Hall wants to protect Fenway Park from being overwhelmed by new development. But some longtime property owners and neighbors of the Boston Red Sox are less than... |
| Toney town's mansion sales tank Sun, 11 May 2008 16:57:05 -0400 These are tougher times in the real estate market, even for the super-wealthy. The number of mansions sold in some of the state's toniest towns - Weston, Wellesley... |
| Critics hit home appraisal reforms Sun, 11 May 2008 03:45:42 -0400 A major legal brawl is breaking out over how homes are appraised, at what cost, and by whom. The outcome could directly affect the price you pay for your next piece of real... |
| Architect assembles hanging gardens in the South End Sun, 11 May 2008 01:12:55 -0400 Boston architect Eric Howler has a plan to assemble sod structures with cable and hang them on the blank brick wall of a loft building in the South End. Howler calls it... |
| NYC television anchor apologizes for cursing Tue, 13 May 2008 11:42:43 -0400 NEW YORK - Veteran news anchor Sue Simmons says she's "truly sorry" for blurting out a curse word on live television. WNBC-TV's Sue Simmons dropped... |
| Newsday publisher says he's optimistic about Cablevision Tue, 13 May 2008 05:40:24 -0400 MELVILLE, N.Y. - Newsday publisher Timothy P. Knight expressed optimism Monday about the newspaper's purchase by Cablevision Systems Corp., saying the "opportunities... |
| $632M Cablevision bid wins Newsday, will help Tribune Co. ease debt Mon, 12 May 2008 21:46:42 -0400 NEW YORK - Tribune Co.'s $650 million sale of Newsday is an important step toward alleviating its debt burden - for this year. Now the Chicago company needs to move... |
| PETA pecks at KFC on Hub's airwaves Mon, 12 May 2008 20:39:26 -0400 PETA's bitter battle to cripple Kentucky Fried Chicken has landed on Boston's airwaves, where the animal rights group has launched a series of disturbing new ads... |
| Clear Channel, banks, buyers in settlement talks Mon, 12 May 2008 17:40:15 -0400 SAN ANTONIO - Clear Channel Communications Inc. and its prospective buyers are talking with banks to try to settle a dispute over whether the banks must fund promised loans... |
| Cablevision buys Newsday from Tribune for $650M Mon, 12 May 2008 11:06:05 -0400 NEW YORK - Cablevision Systems Corp. is buying the Long Island-based newspaper Newsday from Tribune Co. in a deal valued at $650 million, the companies announced today. Cablevision... |
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