News money 2008-05-14 Andanh.com

Western Massachusetts' Russian paper ceases publication Mon, 12 May 2008 03:40:46 -0400
WESTFIELD - The only Russian language newspaper published in western Massachusetts has ceased operations after putting out 48 issues in four years. Publisher and editor-in-chief...

Television viewership drops 9 percent Sun, 11 May 2008 22:52:03 -0400
Television heads into its biggest week with the hangover from a 100-day writers strike persisting. Viewership is down, although it's hard to tell how much the strike...

News Corp. pulls Newsday bid Sun, 11 May 2008 03:44:13 -0400
News Corp. withdrew a $580 million offer for Long Island newspaper Newsday, three days after its chairman, Rupert Murdoch, said talks with owner Tribune Co. were in a "pretty...

Genetically modified human embryo stirs criticism Mon, 12 May 2008 19:30:22 -0400
NEW YORK - News that scientists have for the first time genetically altered a human embryo is drawing fire from some watchdog groups that say it's a step toward creating...

Nagging via text messages to help teens remember meds Mon, 12 May 2008 15:37:57 -0400
WASHINGTON - 4gt yr meds? Getting kids to remember their medicine may be a text message away. Cincinnati doctors are experimenting with texting to tackle a big problem:...

Kin take autism case to court Mon, 12 May 2008 15:35:40 -0400
WASHINGTON - Families claiming that a mercury-based preservative in vaccines triggers autism will challenge mainstream medicine today in a federal court. They are seeking...

Business broker uses Ferrari to drive customers his way Mon, 12 May 2008 17:16:57 -0400
David Humphrey wants you to look like a million bucks - well, almost. Humphrey - whose Beacon Capital Group helps small-businesspeople sell their companies - will loan...

Startup shows off electric car planned for Israel Mon, 12 May 2008 09:56:22 -0400
TEL AVIV, Israel - Israelis got a first demonstration Sunday of the electric car that developers hope will revolutionize transportation in the country and serve as a pilot...

Toyota executive says new Mississippi auto plant delayed by worries over US market Mon, 12 May 2008 05:30:46 -0400
TOKYO - A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by worries about slumping American auto sales and a...

Wedding bill blues setting in Wed, 14 May 2008 06:00 EST

The fairytale weddings that many couples have yearned for are starting to come back down to earth — leveled by everyday problems like house payments and rising gas and food bills.

Bill would fund Cape wireless Internet Wed, 14 May 2008 06:00 EST

The campaign to blanket Southeastern Massachusetts with wireless broadband access cleared an important hurdle last week with the addition of $15 million to a key bill currently pending in the state Legislature.

Sylvan owner failed to pay fees Wed, 14 May 2008 06:00 EST

BARNSTABLE — The two Sylvan Learning Centers that closed earlier this month were ordered shut down by the national corporation for failure to pay franchise fees, court records indicate.

Public access channel airs county commissioners Wed, 14 May 2008 06:00 EST

BARNSTABLE - Barnstable County Commission meetings are now on television, courtesy of Channel 17.

Legislators vote to suspend oil reserve shipments Wed, 14 May 2008 06:00 EST

WASHINGTON — Congress voted overwhelmingly yesterday to challenge President Bush to temporarily halt the daily shipment of thousands of barrels of oil into the government's emergency reserve.

Stormy weather restricts Nauset Beach traffic Wed, 14 May 2008 06:00 EST

ORLEANS — Stormy weather has closed Nauset Beach to traffic from the public parking lot south to Chatham, Parks and Beaches Superintendent Paul Fulcher said last night.

Gov., engineer hit it off in new Google digs Wed, 14 May 2008 01:20:05 -0400
Gov. Deval Patrick yesterday celebrated the recent opening of a Google office in Kendall Square by playing a pretty solid game of pingpong with a head engineer for the search...

'Curious' shirt choice Wed, 14 May 2008 01:18:10 -0400
The Curious George cartoon character is getting dragged into the presidential race again in an ugly way - and Boston's WGBH-TV isn't happy. A Georgia tavern...

Corporate Express rejects bid by Staples Tue, 13 May 2008 23:21:28 -0400
Hours after saying it was open to holding talks, Corporate Express NV said yesterday a sweetened $2.47 billion hostile takeover bid from its larger office products rival Staples...

25K architects head to Hub Tue, 13 May 2008 23:21:05 -0400
Boston is set to show architects from around the country that the city is more than a ton of bricks. Starting tomorrow the Hub will host nearly 25,000 attendees from...

Sweet deal: Finale lands spot in North End Tue, 13 May 2008 23:20:48 -0400
Finale Desserterie is moving into a high-profile North End space that used to house the landmark Martignetti liquor store. The fancy dessert chain, which also announced...

Velcro celebrates 50 years of sticking around Tue, 13 May 2008 23:20:04 -0400
MANCHESTER, N.H. - The signature sound of hook-and-loop tape being torn apart rippled along a parade route yesterday to mark half a century since the Velcro brand was trademarked...

No place at table Tue, 13 May 2008 23:05:45 -0400
Gambling is on a roll. Everywhere else except in Massachusetts, that is. Mohegan Sun and Foxwoods are rolling out dueling lineups of celebrities to tout their latest...

TJX profits up 20%, but margins not met Tue, 13 May 2008 23:01:54 -0400
The TJX Cos. Inc. said yesterday its first-quarter profit rose nearly 20 percent as the discount retailer continued to draw shoppers increasingly looking for bargains in a...

Ice man dreams of King Kong, L St. Brownies Tue, 13 May 2008 22:50:30 -0400
Curious what the First Night ice sculpture guy does in the offseason? Chances are, there are not any swans involved (those are so cliche, he says). The chainsaw artist...

Rule to require disclosure of drug-maker payments to docs gets boost Tue, 13 May 2008 17:59:13 -0400
WASHINGTON - Legislation that would require prescription drug makers to disclose payments to doctors got a boost today when Eli Lilly and Co. broke ranks with the industry...

Toll Brothers preliminary 2Q sales fall 30 percent Tue, 13 May 2008 17:00:55 -0400
PHILADELPHIA - Investors scouring for hints of a housing revival won't find much in the second-quarter preliminary sales results of luxury-home builder Toll Brothers...

Quebec company to operate New England Irving stores Tue, 13 May 2008 13:42:35 -0400
BANGOR, Maine - Hundreds of Irving Oil convenience stores will get a new name and a new look as part of a deal between Irving Oil and a Quebec-based company. Irving, based...

Clarendon work leaves Columbus Center in dust Tue, 13 May 2008 23:21:59 -0400
Call it a tale of two towers. Boston's newest luxury tower, the Clarendon, is ramping up its marketing campaign this week as the frame of the 33-story tower slowly...

Velcro marks 50th Wednesday May 14, 2008
MANCHESTER, N.H. - Plenty of products last for 50 years, but few have the staying power of Velcro fasteners.

Witness says Massad given chips Wednesday May 14, 2008
WORCESTER - A former Entrust Capital Management client testifying in federal court here yesterday contradicted earlier testimony from David G. "Duddie" Massad, saying that the Commerce Bank & Trust chairman, during a trip to a Las Vegas casino, took handfuls of $5,000 betting chips from the Shrewsbury investment adviser on trial for allegedly stealing $13 million from clients including Mr. Massad.

Robust Hanover poised to grow Wednesday May 14, 2008
WORCESTER - The Hanover Insurance Group Inc. has set the groundwork for a robust expansion period, taking advantage of changing market conditions with a talented core of professionals who have crafted nimble products independent agents want to sell, the company's president and chief executive said.

Leominster bridal shop to reimburse customers Wednesday May 14, 2008
LEOMINSTER - State Attorney General Martha Coakley's office announced an agreement yesterday with Yours Truly Bridal Shop and manager Linda Harvey, resolving allegations the store had failed to deliver wedding gowns, tuxedoes and bridesmaids dresses.

Staples raises bid for company Wednesday May 14, 2008
Staples Inc., the world's largest office-supplies retailer, increased its bid for Corporate Express NV by 10 percent to 1.46 billion euros ($2.3 billion) after the Dutch company rejected an initial offer as being too low.

TJX profit up 20 percent Wednesday May 14, 2008
TJX Cos., the owner of the T.J. Maxx and Marshalls chains, said first-quarter profit rose 20 percent as consumers bought reduced-price clothes and shoes.

Clear Channel, six banks settle lawsuits over buyout Wednesday May 14, 2008
Clear Channel Communications Inc., the largest U.S. radio broadcaster, which in Worcester owns radio stations WTAG-AM (580) and WSRS-FM (96.1), settled lawsuits against six banks to end a fight over the funding of its multibillion-dollar acquisition by two buyout companies.

Finmeccanica buys DRS for $4B in defense deal Wednesday May 14, 2008
ROME - Italian aerospace and defense company Finmeccanica will buy U.S. military contractor DRS Technologies Inc. for $4 billion, giving it a prominent position in the American defense market.

Stocks mixed after report on retail sales Wednesday May 14, 2008
NEW YORK - Wall Street turned in a mixed performance yesterday after a fresh report on retail sales and a new oil price record told investors the same old story: The economy is hurting and costs are rising, but things could be worse.

Half of insured Americans now use chronic medicines Wednesday May 14, 2008
TRENTON, N.J. - For the first time, it appears that more than half of all insured Americans are taking prescription medicines regularly for chronic health problems, a study shows.

Curious George publisher mulls legal action over Obama shirt Wed, 14 May 2008 18:40:51 -0400
Houghton Mifflin Harcourt is considering legal action against a Georgia tavern owner selling T-shirts depicting presidential candidate Barack Obama as the Curious George monkey...

Deadline looms in labor talks at Pilgrim Nuclear Station Wed, 14 May 2008 18:36:09 -0400
PLYMOUTH - The operator of Pilgrim Nuclear Station said today it would run the plant with replacement workers if a contract covering more than 250 employees expires late tomorrow...

Federal regulators cite Mass. power plant where 3 died Wed, 14 May 2008 17:58:34 -0400
SALEM - The owner of a Salem power plant where three workers died in an explosion last year has been cited by federal regulators for alleged safety violations. The Occupational...

Banks agree to TJX breach settlement with Mastercard Wed, 14 May 2008 17:18:47 -0400
FRAMINGHAM - TJX Cos. has won support from Mastercard-issuing banks for a settlement that will pay them as much as $24 million to cover costs from a massive data breach. The...

Stocks advance following better-than-expected inflation read Wed, 14 May 2008 16:23:56 -0400
NEW YORK - Wall Street steamed higher today after a better-than-expected report on consumer prices tempered some of the market's concerns about inflation. The Labor...

Shareholders approve huge RBS stock sale Wed, 14 May 2008 15:10:35 -0400
LONDON - Shareholders in Royal Bank of Scotland Group PLC gave approval today for the biggest stock rights issue in British corporate history - almost $24 billion - as another...

Gas above $3.75 a gallon; oil falls on mixed supply report Wed, 14 May 2008 13:18:58 -0400
NEW YORK - Gas prices roared above $3.75 a gallon today, while oil prices fell as an Energy Department report gave a mixed picture of the nation's petroleum reserves. At...

Sallie Mae computer error dings borrowers' credit scores Wed, 14 May 2008 13:07:28 -0400
WASHINGTON - Because of a computer error at Sallie Mae, thousands of people with student loans from the company had their credit scores decimated. The problem was fixed...

Boston Fed chief: Wall Street underestimated subprime risks Wed, 14 May 2008 12:37:05 -0400
Wall Street blew it when estimating how dangerous subprime mortgages really were, Boston's top banker says. "None of the major stress tests that I am aware of -...

Ex-Fed chair Volcker: Investment banks need stricter rules Wed, 14 May 2008 11:32:49 -0400
WASHINGTON - Investment banks should be regulated more like commercial banks if they're going to get the same kind of help from Washington, former Federal Reserve chairman...

Are these the 10 best buildings in Boston? Wed, 14 May 2008 13:38:45 -0400
Boston architects chose their Top Ten buildings in Boston, which were published in this month's Architectural Record. The Top Ten in chronological order are:

1....

US foreclosure filings surge 65 percent in April Wed, 14 May 2008 10:18:03 -0400
LOS ANGELES - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year...

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