Weekly US jobless aid applications drop to 343K

WASHINGTON — The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving. The Labor Department said Thursday that weekly applications for unemployment benefits fell 29,000...

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Sprint to pay $2.1B for remaining Clearwire stake

NEW YORK — Sprint has offered to buy the 49 percent of Clearwire that it doesn't already own for $2.1 billion. The deal would allow Sprint, the nation's third-largest carrier, to take control over a company formed four years ago that has since struggled...

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GM gives its pickups a much-needed makeover

DETROIT — General Motors is giving its pickup trucks a much-needed makeover. The company is unveiling new versions of its top-selling Chevrolet Silverado and GMC Sierra on Thursday. The 2014 models will go on sale by early spring or late summer. And...

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Tokai Pharma announces start of prostate cancer drug trial

Cambridge-based Tokai Pharmaceuticals Inc. said today it is treating the first patient in the company's ARMOR2 trial, a clinical study of its lead drug candidate galeterone, which is designed to treat patients with castration-resistant prostate cancer....

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AAA: Holiday travel nearing pre-recession levels

More than 93 million Americans will trek 50 miles or more from home during the year-end holidays, a 1.6 percent increase over last year, AAA Southern New England said today. The rise brings holiday travel figures to within a half million of the decade-high...

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Lilly plans another study for Alzheimer's drug

INDIANAPOLIS — Eli Lilly and Co. will launch another study of its possible Alzheimer's treatment solanezumab, a move that delays a regulatory decision on a drug that flashed potential to help patients with mild cases of the fatal, mind-robbing disease....

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'Dishonored' tops a diverse year in video games

The video game universe in 2012 is a study in extremes. At one end, you have the old guard striving to produce mass-appeal blockbusters. At the other end, you have a thriving community of independent game developers scrambling to find an audience...

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Europe seeks to make progress on banking union

BRUSSELS — European finance ministers moved closer Wednesday to creating a single supervisor for banks for the 17 countries that use the euro after France and Germany patched up their differences over the issue. For months, it seemed like an agreement...

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Bankruptcy court OKs A123 Systems asset sale

Waltham-based lithium ion battery maker A123 Systems Inc. said it has received approval from U.S. Bankruptcy Court in Delaware to sell its assets to Wanxiang America Corp. The court has also granted approval for A123 to sell its government business...

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Hub-based DraftKings to hold $250G fantasy football event

Online fantasy sports company DraftKings said today it will host a $250,000 main event on Sunday, Dec. 23 -- NFL Week 16 -- the biggest single-day open cash event in fantasy sports history. The event allows players to use their detailed research and...

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Massachusetts companies set to hire

Despite "fiscal cliff" concerns, a growing number of Greater Boston employers expect to boost hiring during the first quarter of next year, according to the latest Manpower Employment Outlook Survey. Eighteen percent of Hub companies plan to hire more...

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Exxon: US energy revival has staying power

Exxon says the energy renaissance in the U.S. has staying power and predicts that North America will become a net exporter of oil and gas by the middle of the next decade. The oil and gas giant's latest long-term energy outlook says the rapid growth...

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Barry Diller sells TripAdvisor shares

ENGLEWOOD, Colo. — Barry Diller is stepping down as chairman of TripAdvisor after selling his stake in the travel website to Liberty Interactive. Liberty Interactive bought 4.8 million shares of TripAdvisor Inc.'s common stock from Diller and The...

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SynapDx raises $6M to develop blood test for autism disorders

Southboro-based SynapDx Corp. said today it has received $6 million in funding from North Bridge Venture Partners and General Catalyst Partners for further development of a test designed to identify children with autism spectrum disorders by age 36 months....

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Amazon will collect sales tax in Mass. starting next fall

Online retailer Amazon said today it will collect sales tax in Massachusetts starting next fall, and will work together with Gov. Deval Patrick toward enacting federal legislation to resolve the sales tax issue. The agreement will take effect on Nov....

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Business - BostonHerald.com

Business - BostonHerald.comBusiness - BostonHerald.com http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Mon, 10 Dec 2012 10:15:26 -0500...

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Business - BostonHerald.com

Business - BostonHerald.comBusiness - BostonHerald.com http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Sun, 09 Dec 2012 10:18:56 -0500...

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