News money 2008-05-16 Andanh.com

NECN partners with Suffolk to use downtown studio Wed, 14 May 2008 18:41:38 -0400
NECN has struck a partnership with Suffolk University to broadcast from their new cutting edge studio in downtown Boston. NECN, a regional cable news network based in...

Clear Channel terms reflect tight credit, ad slump Wed, 14 May 2008 17:16:08 -0400
NEW YORK - A lot has changed in the year and a half since radio industry leader Clear Channel Communications Inc. struck a deal to go private. Credit markets seized up, radio...

Kornheiser accepts buyout from Washington Post Wed, 14 May 2008 16:18:43 -0400
WASHINGTON - Busy with "Monday Night Football" and his many other jobs, Tony Kornheiser essentially stopped writing columns for The Washington Post long ago. Thus...

Soldier-strong Friday May 16, 2008
Rex Jameson bikes and swims regularly, and plays tennis and skis when time allows. But the 5 foot 11 inch, 180-pound software engineer is lucky if he presses 200 pounds - that is, until he steps into an "exoskeleton" of aluminum and electronics that multiplies his strength and endurance as many as 20 times.

Bank sees profit despite economy Friday May 16, 2008
WORCESTER - CNB Financial Corp. prudently managed expenses and restructured its balance sheet last year, making the most of a challenging interest rate environment that limited growth opportunities, President and Chief Executive Officer Charles R. Valade said yesterday.

State's jobless rate drops to 4.1 percent Friday May 16, 2008
BOSTON - The unemployment rate in Massachusetts has dipped to its lowest level in nearly seven years.

EMC shares rise on VMware rumor Friday May 16, 2008
EMC Corp. gained the most since October in New York trading and options to buy the stock jumped on speculation the world's largest maker of storage computers will sell all or part of its majority stake in VMware Inc.

Slumping clothing sales hurt department stores Friday May 16, 2008
MILWAUKEE - Department store stalwarts J.C. Penney Co., Nordstrom Inc. and Kohl's Inc. all reported steep drops in first-quarter profits yesterday as Americans snub apparel to focus on basic necessities at discounters in a challenging economy.

National Grid profit soared after purchase of KeySpan Friday May 16, 2008
National Grid Plc, the operator of Britain's power and natural-gas networks, which has operations in Massachusetts, said full-year profit more than doubled after it bought U.S. utility KeySpan Corp.

Oil price decreases push stocks higher Friday May 16, 2008
NEW YORK - The stock market notched its second straight daily advance yesterday, with investors assuaged by a pullback in oil prices and some better-than-expected economic data.

Solace found in smaller containers Fri, 16 May 2008 06:00 EST

NEW YORK — Shoppers have been lugging ever-larger products to their ever-bigger cars for years.

MMA faculty seeks pay parity Fri, 16 May 2008 06:00 EST

BUZZARDS BAY — A Massachusetts Maritime Academy graduate can expect to earn more in his first year on the job than most of the professors at the state college.

Stop & Shop opens new store today Fri, 16 May 2008 06:00 EST

SOUTH YARMOUTH — A new, 41,000 square foot Stop & Shop supermarket will open today on the site of the former Grand Union at 474 Station Ave.

Working over time: Watchmaker retires after 60 years Fri, 16 May 2008 06:00 EST

Bob Elskamp, 87, latest moped will be reserved for leisure use after today, when he finishes his last day of work after 60 years of working as a watchmaker for Guertin Brothers Jewelers.

Failed takeover spurs investor revolt Fri, 16 May 2008 06:00 EST

SAN FRANCISCO — Yahoo Inc. Chief Executive Jerry Yang spent months fending off Microsoft Corp.'s unsolicited takeover bid. Now he may only have a few weeks to persuade the software maker to revive its last offer of $47.

New owners plan revamped Sagamore factory outlet mall Fri, 16 May 2008 06:00 EST

SAGAMORE — The Cape Cod Factory Outlet Mall could see big changes starting this fall.

Commissioners approve $26M county budget Fri, 16 May 2008 06:00 EST

BARNSTABLE - The county commissioners approved a $26 million budget this week along with amendments forwarded by the Assembly of Delegates.

Art market could brush off sagging economy Fri, 16 May 2008 06:00 EST

NEW YORK — It took only about 120 seconds last week for a Monet to exchange hands for a small fortune.

County names new director of human services Fri, 16 May 2008 06:00 EST

The Barnstable County human services department, on the edge of extinction less than six months ago, has a new leader.

Need fuel assistance? Paperwork due today Fri, 16 May 2008 06:00 EST

HYANNIS - Today is the last day to apply for a fuel assistance program for low-income families.

Inflation worries ease in April Thu, 15 May 2008 06:00 EST

The recent rise in consumer prices slowed in April despite the biggest jump in food costs in nearly two decades. But with oil near record levels, Americans should brace for more pain at the pump in coming months.

Drug maker settles federal probe for $24.6M Fri, 16 May 2008 17:33:13 -0400
BOSTON - A Biovail Corp. subsidiary has agreed to pay nearly $25 million to settle federal criminal charges that it illegally paid doctors so that they would prescribe a blood...

Stocks pare losses to finish mixed after oil spikes Fri, 16 May 2008 16:21:30 -0400
NEW YORK - Wall Street pulled off its lows to finished narrowly mixed today as investors squared concerns about rising oil prices with a surprise jump in home construction....

Oil hits new record near $128 Fri, 16 May 2008 14:42:44 -0400
NEW YORK - Oil prices advanced today as traders, unimpressed by U.S. and Saudi efforts to boost supply, kept buying on the expectation that prices would keep setting new records. Light,...

Treasury secretary says markets are calmer now Fri, 16 May 2008 12:26:03 -0400
WASHINGTON - Treasury Secretary Henry Paulson said today that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy...

Patriots sitting pretty Fri, 16 May 2008 11:49:31 -0400
A former New England Patriots luxury-seats owner got sacked for a $100,000 loss yesterday after the Massachusetts Supreme Judicial Court effectively ruled that a contract...

BU hires former Miami Herald editor as communication college dean Fri, 16 May 2008 11:47:21 -0400
Boston University hired alumnus Tom Fiedler, the former executive editor of the Miami Herald, as dean of the College of Communication. Fiedler, 62, who earned a master's...

Making Marliave marvelous Fri, 16 May 2008 11:06:42 -0400
Chef Scott Herritt was walking through Downtown Crossing in Boston this time last year when he looked up at a third-floor window and saw the "for rent" sign. ...

GE confirms plans to exit appliance business Fri, 16 May 2008 10:25:22 -0400
FAIRFIELD, Conn. - General Electric Co. said today that it plans to sell or spin off its iconic appliance business, which has provided refrigerators, air conditioners and...

Macy's signs deal to put FAO Schwarz in its stores Fri, 16 May 2008 07:34:42 -0400
NEW YORK - FAO Schwarz will open toy stores in close to 700 Macy's department stores over the next two years. The companies said Friday that about 75 full-size FAO...

Plymouth nuke, union reach 11th-hour pact Fri, 16 May 2008 06:01:41 -0400
A strike has been averted at Plymouth's Pilgrim Nuclear Power Station. The plant's owner, Entergy, and the Utility Workers of America's Local 369 reached...

Lufthansa launches year-round Munich flights from Logan Thu, 15 May 2008 23:08:47 -0400
German airline Lufthansa will expand its schedule between Boston's Logan International Airport and Munich from summer-only service to year-round flights. Flights...

Fenway to host college, minor leagues Thu, 15 May 2008 23:00:13 -0400
The Red Sox are no longer the sole baseball draw at Fenway Park. John Henry's Sox ownership group now is promoting minor-league matchups and even a major college...

Editor's Note: Thu, 15 May 2008 21:11:13 -0400
Jennifer Heldt Powell's Small Business Matters column is moving from Friday editions to the Sunday Herald.

Stocks rise on oil price drop, mixed economic data Thu, 15 May 2008 16:43:20 -0400
NEW YORK - The stock market notched its second straight daily advance, with investors assuaged by a pullback in oil prices and some better-than-expected economic data. Wall...

Oil falls as options expire; gas prices rise Thu, 15 May 2008 15:28:41 -0400
NEW YORK - Oil futures ended a whipsaw session slightly lower today as the expiration of options played havoc with prices, driving crude near record high levels at times and...

SABMiller annual profit up 22.7 pct on lager sales Thu, 15 May 2008 12:56:17 -0400
LONDON - SABMiller PLC, the world's No. 3 brewer, posted an 22 percent rise in full year net profit on Thursday as price increases and strong sales offset raw-material...

Mass. unemployment drops to 4.1 percent Thu, 15 May 2008 11:36:33 -0400
BOSTON - The unemployment rate in Massachusetts has dipped to its lowest level in nearly seven years. The state said today that unemployment fell to 4.1 percent in April,...

Oil cos. brace for battles over polar bear listing Thu, 15 May 2008 11:31:13 -0400
JUNEAU, Alaska - The lawyers aren't clearing their calendars just yet, but the oil industry is bracing for some courtroom battles to maintain its stake in Alaska's...

Jobless claims up in sign of further weakness Thu, 15 May 2008 08:51:37 -0400
WASHINGTON - The number of newly laid off workers applying for unemployment benefits rose slightly last week, indicating the weak economy was still weighing on the job market. The...

Some economic stimulus checks being deposited directly into wrong accounts Thu, 15 May 2008 05:24:28 -0400
MELVILLE, N.Y. - Through the wonders of modern technology, some of those federal economic stimulus checks are being deposited directly into recipients' bank accounts. But...

Chamber elects first chairwoman Thu, 15 May 2008 03:33:35 -0400
In a packed ballroom at the Boston Marriott Copley Place, Gloria Larson made her maiden speech as Greater Boston Chamber of Commerce chairwoman. Larson, the first woman...

Raytheon says anti-submarine torpedo tests successful Wed, 14 May 2008 23:54:38 -0400
Raytheon is hoping its experimental "Fish Hawk" torpedo can do for anti-submarine warfare what so-called "smart bombs" did for air-to-ground warfare. ...

Eric the Fed hits Wall Street Wed, 14 May 2008 23:44:55 -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...

Fannie Mae scraps higher downpayment requirements Fri, 16 May 2008 10:27:57 -0400
WASHINGTON - Fannie Mae says it is doing away with higher minimum downpayment requirements for borrowers in distressed real estate markets. The government-sponsored mortgage...

Southie may host first U.S. 'zero-energy' complex Fri, 16 May 2008 02:00:10 -0400
Boston's push to become a U.S. leader in the burgeoning "green" building movement is taking a huge step forward with plans to start building the nation's...

Live near Clinton white house Thu, 15 May 2008 18:16:10 -0400
A house a few doors down from Bill and Hillary Clinton's Chappaqua, N.Y., spread is reportedly up for sale - but buyers can't be superstitious. That's...

'Green' plan sought for city building in Dudley Square Thu, 15 May 2008 00:09:15 -0400
The facade of a Dudley Square landmark will likely be incorporated into the design of a new City Hall. In what Boston is calling the first step in relocating...

Jim Rice to pitch for RCN Fri, 16 May 2008 15:47:02 -0400
Jim Rice will be swinging away for RCN Corp. as the firm ramps up efforts to sign up new cable, telephone and Internet customers in the Boston area. Rice, the former...

Sweatin' for Ocean Spray Thu, 15 May 2008 22:59:24 -0400
Ocean Spray, the Massachusetts-based cranberry growers cooperative, has kicked off a campaign with fitness guru Richard Simmons. Yesterday in New York City, Simmons -...

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