Boston Herald - Boston Herald

Written By Unknown on Kamis, 19 September 2013 | 22.26

Boston Herald - Boston HeraldMass. computer contact had many problemsMass. adds jobs, but jobless rate remains steadyUS unemployment benefit applications rise to 309KMIT president: Sequester choking innovation economyConsole stars of Tokyo Game Show not on sale yetHonda recalls Odyssey, Acura MDX for airbag defectSlots license bid clouded by SEC suitFed's stimulating wordsDeval Patrick: Surplus no substitute for tech tax$300M ruling due from judge in Demoulas caseAsia stocks jump, Fed refrains from stimulus cutNew test aims to better detect viral infectionsSurprise from Fed: No pullback in bond purchasesIRS targeted tea party after granting tax statusStarbucks' progressive ways draw fire on gunsNew health care law expected to spawn scam artistsBlack eye for Beanie Babies? Toy creator chargedWalgreen moves health coverage to private exchangePandora wins court battle with music publishersBIW president to go to Electric Boat

http://bostonherald.com/feed/4 en http://bostonherald.com/business/technology/technology_news/2013/09/mass_computer_contact_had_many_problems <p>BOSTON — A state contract for a computer system to process unemployment claims provided few protections for taxpayers and little oversight of consultants, resulting in a system that arrived years late, millions of dollars over budget, and riddled with problems, according to review of contract documents.</p> Technology News Thu, 19 Sep 2013 11:02:04 -0400 Associated Press 1063297341 http://bostonherald.com/business/media_marketing/2013/09/mass_adds_jobs_but_jobless_rate_remains_steady <p>BOSTON — The Massachusetts unemployment rate held steady at 7.2 percent last month even though the state added 7,500 jobs.</p><p>The state Executive Office of Labor and Workforce Development announced Thursday that most of the job additions came in the private sector, with the education and health services sector leading the way with about 4,100 new jobs. Leisure and hospitality, manufacturing, and construction also gained jobs.</p><p>The agency says the state has added more than 45,000 jobs in the past 12 months. Revised statistics show the state lost 300 jobs in July.</p> Media & Marketing Thu, 19 Sep 2013 09:48:39 -0400 Associated Press 1063297696 http://bostonherald.com/business/business_markets/2013/09/us_unemployment_benefit_applications_rise_to_309k <p>WASHINGTON — The number of people seeking U.S. unemployment benefits rose 15,000 last week to a seasonally adjusted 309,000. But the data was distorted for the second straight week by reporting delays.</p><p>The Labor Department says the less volatile four-week average fell 7,000 to 314,750, the lowest in nearly six years.</p><p>Applications plummeted two weeks ago when California and Nevada were unable to report all their data because of computer upgrades in both states.</p> Business & Markets Thu, 19 Sep 2013 09:22:34 -0400 Associated Press 1063297546 http://bostonherald.com/business/business_markets/2013/09/mit_president_sequester_choking_innovation_economy <p>"Drastic" federal budget cuts caused by sequestration threaten to derail major innovative breakthroughs — like an AIDS vaccine, 3D printing and digital learning — unless the Hub's business leaders lobby Congress for change, the president of MIT told the Greater Boston Chamber of Commerce this morning.</p> Business & Markets Thu, 19 Sep 2013 09:00:00 -0400 Chris Cassidy 1063297631 http://bostonherald.com/business/technology/technology_news/2013/09/console_stars_of_tokyo_game_show_not_on_sale_yet <p>CHIBA, Japan — The Tokyo Game Show this year has two big stars, Sony's PlayStation 4 and the Microsoft Xbox One, the first new home consoles to go on sale in seven years.</p><p>But neither console will be on sale in Japan until next year, far behind November releases in the U.S and Europe, and also the first time a new PlayStation console has not been released in Japan first.</p> Technology News Thu, 19 Sep 2013 06:41:13 -0400 Associated Press 1063297196 http://bostonherald.com/business/automotive/2013/09/honda_recalls_odyssey_acura_mdx_for_airbag_defect <p>TOKYO — Honda Motor Co. said Thursday it is recalling 318,000 Odyssey minivans in the U.S. and 63,400 Acura MDX sport-utility vehicles in several nations for an airbag defect.</p><p>The Japanese automaker said there have been no crashes related to the problem. Honda is also recalling 23,300 Odyssey minivans in Canada.</p><p>Tokyo-based Honda said it received complaints recently that the airbag opened unnecessarily in the 2003 and 2004 model year Odyssey and the 2003 Acura MDX because the computer chip for airbag deployment was responding to electrical interference.</p> Automotive Thu, 19 Sep 2013 06:22:49 -0400 Associated Press 1063297216 http://bostonherald.com/business/business_markets/2013/09/slots_license_bid_clouded_by_sec_suit <p>The Gaming Commission yesterday grilled Penn National Gaming executives over what it called poor hiring decisions as it weighed the firm's suitability to apply for the sole slots parlor license.</p><p>Among the hires questioned was Daniel Mudd, the former CEO of Fannie Mae, who the Securities and Exchange Commission has accused of lying to Congress. Mudd was hired by Fortress Investment Group, a major investor in Penn National.</p><p>"That nobody had a concern about it is astonishing to me," commission chairman Stephen Crosby said.</p> Business & Markets Thu, 19 Sep 2013 00:00:00 -0400 Jordan Graham 1063295991 http://bostonherald.com/business/business_markets/2013/09/feds_stimulating_words <p>The Federal Reserve's surprise move yesterday to postpone reducing its economic stimulus program sent stocks soaring and could help the housing market, but it also signals the economy has not rebounded as the Fed hoped, experts said.</p><p>"(Outgoing Fed Chairman Ben) Bernanke clearly is suggesting the economy is not ready to walk on its own," said Evan Dangel, a private wealth adviser at Morgan Stanley. "Quite frankly, the last two quantitative easing programs have been largely ineffective in spurring economic growth."</p> Business & Markets Thu, 19 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063296221 http://bostonherald.com/business/business_markets/2013/09/deval_patrick_surplus_no_substitute_for_tech_tax Gov. Deval Patrick chided lawmakers yesterday for their plan to replace the revenue of the soon-to-be-repealed tech tax with surplus funds, slamming it... Business & Markets Thu, 19 Sep 2013 00:00:00 -0400 Matt Stout 1063296211 http://bostonherald.com/business/business_markets/2013/09/300m_ruling_due_from_judge_in_demoulas_case <p>The latest legal tug-of-war in the Demoulas family feud over their Market Basket grocery chain hits a Boston courtroom today, where a judge could decide whether to temporarily block a $300 million shareholder payout.</p><p>Shareholder and director Arthur S. Demoulas yesterday fired back against his rival cousin, CEO Arthur T. Demoulas, calling the latter's lawsuit seeking to unseat the board's interim chairman — and set aside some board votes taken under his leadership — as "malnourished by a severe lack of factual allegations."</p> Business & Markets Thu, 19 Sep 2013 00:00:00 -0400 Donna Goodison 1063295986 http://bostonherald.com/business/business_markets/2013/09/asia_stocks_jump_fed_refrains_from_stimulus_cut <p>BANGKOK — Asian stock markets surged Thursday after the U.S. Federal Reserve unexpectedly refrained from reducing its massive economic stimulus.</p><p>Not even dour data out of Japan showing a swelling trade deficit could dampen the rally sparked by the Fed's decision to keep in place its $85 billion in monthly bond purchases, part of its "quantitative easing" approach of pumping money into the financial system to help stimulate the U.S. economy.</p> Business & Markets Wed, 18 Sep 2013 23:14:20 -0400 Associated Press 1063292431 http://bostonherald.com/business/healthcare/2013/09/new_test_aims_to_better_detect_viral_infections <p>WASHINGTON — It happens too often: A doctor isn't sure what's causing someone's feverish illness but prescribes antibiotics just in case, drugs that don't work if a virus is the real culprit.</p><p>Now Duke University researchers are developing a blood test to more easily tell when a respiratory illness is due to a virus and not a bacterial infection, hoping to cut the dangerous overuse of antibiotics and speed the right diagnosis.</p> Healthcare Wed, 18 Sep 2013 21:12:13 -0400 Associated Press 1063294356 http://bostonherald.com/business/business_markets/2013/09/surprise_from_fed_no_pullback_in_bond_purchases <p>WASHINGTON — In a surprise that sent the stock market soaring, the Federal Reserve concluded Wednesday that the U.S. economy isn't yet healthy enough for the central bank to ease its stimulus even slightly.</p><p>The Fed's cautious message pleased investors, who had expected a slight cut in the bond purchases that have kept long-term interest rates low as the nation recovers from the Great Recession. Wall Street celebrated the prospect of continued low interest rates by lifting stocks to a record high.</p> Business & Markets Wed, 18 Sep 2013 18:57:33 -0400 Associated Press 1063294351 http://bostonherald.com/business/business_markets/2013/09/irs_targeted_tea_party_after_granting_tax_status <p>WASHINGTON — The Internal Revenue Service continued to target conservative political groups even after approving their applications for tax-exempt status, a key Republican lawmaker said Wednesday.</p><p>A May report by the IRS inspector general said the agency gave extra scrutiny to 298 groups when they applied for tax exempt status from the spring of 2010 to the spring of 2012. The vast majority of the groups — 248 — were conservative, while 29 were liberal and 21 were neither, according to an analysis by the Republican staff of the House Ways and Means Committee.</p> Business & Markets Wed, 18 Sep 2013 18:57:01 -0400 Associated Press 1063294466 http://bostonherald.com/business/business_markets/2013/09/starbucks_progressive_ways_draw_fire_on_guns <p>NEW YORK — Starbucks has always set itself apart by taking strong positions on progressive political issues. Now that reputation has landed the company in the middle of the heated national debate over gun laws.</p><p>On Thursday, the Seattle-based company will run full-page ads in major newspapers, telling customers that guns are no longer welcome in its cafes. But Starbucks is stopping short of an outright ban, exposing the fine line it needs to walk on a highly divisive issue.</p> Business & Markets Wed, 18 Sep 2013 18:56:17 -0400 Associated Press 1063292256 http://bostonherald.com/business/healthcare/2013/09/new_health_care_law_expected_to_spawn_scam_artists <p>WASHINGTON — Warning to seniors on Medicare: If someone asks for your personal information for a state insurance exchange under the new health care law, he's probably a crook. Those exchanges don't apply to seniors.</p><p>No consumer, young or old, should give out medical information or pay up-front "enrollment" fees, the government says.</p><p>Those are just two of the scams that federal officials anticipate as state insurance exchanges ramp up under the Affordable Care Act, the official name of the law many call Obamacare.</p> Healthcare Wed, 18 Sep 2013 18:50:26 -0400 Associated Press 1063292931 http://bostonherald.com/business/business_markets/2013/09/black_eye_for_beanie_babies_toy_creator_charged <p>CHICAGO — Felonies and potential prison stints haven't been the kinds of things associated with cute, cuddly Beanie Babies, but that changed Wednesday when the creator of the iconic stuffed toys was charged with tax evasion and agreed to pay a $53 million penalty.</p> Business & Markets Wed, 18 Sep 2013 18:40:57 -0400 Associated Press 1063293971 http://bostonherald.com/business/healthcare/2013/09/walgreen_moves_health_coverage_to_private_exchange <p>Walgreen Co. is joining a growing push from big businesses to shift more responsibility for finding insurance onto their employees as health care costs continue to climb.</p><p>The nation's largest drugstore chain said Wednesday that it will send workers to a private health insurance exchange where they will pick from as many as 25 plans instead of having the company give them two to four options.</p> Healthcare Wed, 18 Sep 2013 18:33:31 -0400 Associated Press 1063293021 http://bostonherald.com/business/technology/technology_news/2013/09/pandora_wins_court_battle_with_music_publishers <p>LOS ANGELES — Internet radio leader Pandora Media Inc. said Wednesday that it has won its court battle with the music publishing society known as ASCAP in a ruling that should help lower its royalty payments.</p><p>The win means that Pandora is entitled to license all songs in the catalog run by the American Society of Composers, Authors and Publishers, and that publishers such as Universal and BMG can't make separate deals to be paid higher royalty rates.</p> Technology News Wed, 18 Sep 2013 18:05:09 -0400 Associated Press 1063294321 http://bostonherald.com/business/business_markets/2013/09/biw_president_to_go_to_electric_boat <p>PORTLAND, Maine — The president of General Dynamics' Bath Iron Works is leaving to take the top job at the submarine division, Connecticut's Electric Boat, while the top executive at the defense contractor's West Coast shipyard will assume duties as president of both shipyards in Maine and California, officials said Wednesday.</p> Business & Markets Wed, 18 Sep 2013 17:59:13 -0400 Associated Press 1063294306

Boston Herald - Boston HeraldMass. computer contact had many problemsMass. adds jobs, but jobless rate remains steadyUS unemployment benefit applications rise to 309KMIT president: Sequester choking innovation economyConsole stars of Tokyo Game Show not on sale yetHonda recalls Odyssey, Acura MDX for airbag defectSlots license bid clouded by SEC suitFed&#039;s stimulating wordsDeval Patrick: Surplus no substitute for tech tax$300M ruling due from judge in Demoulas caseAsia stocks jump, Fed refrains from stimulus cutNew test aims to better detect viral infectionsSurprise from Fed: No pullback in bond purchasesIRS targeted tea party after granting tax statusStarbucks&#039; progressive ways draw fire on gunsNew health care law expected to spawn scam artistsBlack eye for Beanie Babies? Toy creator chargedWalgreen moves health coverage to private exchangePandora wins court battle with music publishersBIW president to go to Electric Boat

http://bostonherald.com/feed/4 en http://bostonherald.com/business/technology/technology_news/2013/09/mass_computer_contact_had_many_problems <p>BOSTON — A state contract for a computer system to process unemployment claims provided few protections for taxpayers and little oversight of consultants, resulting in a system that arrived years late, millions of dollars over budget, and riddled with problems, according to review of contract documents.</p> Technology News Thu, 19 Sep 2013 11:02:04 -0400 Associated Press 1063297341 http://bostonherald.com/business/media_marketing/2013/09/mass_adds_jobs_but_jobless_rate_remains_steady <p>BOSTON — The Massachusetts unemployment rate held steady at 7.2 percent last month even though the state added 7,500 jobs.</p><p>The state Executive Office of Labor and Workforce Development announced Thursday that most of the job additions came in the private sector, with the education and health services sector leading the way with about 4,100 new jobs. Leisure and hospitality, manufacturing, and construction also gained jobs.</p><p>The agency says the state has added more than 45,000 jobs in the past 12 months. Revised statistics show the state lost 300 jobs in July.</p> Media & Marketing Thu, 19 Sep 2013 09:48:39 -0400 Associated Press 1063297696 http://bostonherald.com/business/business_markets/2013/09/us_unemployment_benefit_applications_rise_to_309k <p>WASHINGTON — The number of people seeking U.S. unemployment benefits rose 15,000 last week to a seasonally adjusted 309,000. But the data was distorted for the second straight week by reporting delays.</p><p>The Labor Department says the less volatile four-week average fell 7,000 to 314,750, the lowest in nearly six years.</p><p>Applications plummeted two weeks ago when California and Nevada were unable to report all their data because of computer upgrades in both states.</p> Business & Markets Thu, 19 Sep 2013 09:22:34 -0400 Associated Press 1063297546 http://bostonherald.com/business/business_markets/2013/09/mit_president_sequester_choking_innovation_economy <p>"Drastic" federal budget cuts caused by sequestration threaten to derail major innovative breakthroughs — like an AIDS vaccine, 3D printing and digital learning — unless the Hub's business leaders lobby Congress for change, the president of MIT told the Greater Boston Chamber of Commerce this morning.</p> Business & Markets Thu, 19 Sep 2013 09:00:00 -0400 Chris Cassidy 1063297631 http://bostonherald.com/business/technology/technology_news/2013/09/console_stars_of_tokyo_game_show_not_on_sale_yet <p>CHIBA, Japan — The Tokyo Game Show this year has two big stars, Sony's PlayStation 4 and the Microsoft Xbox One, the first new home consoles to go on sale in seven years.</p><p>But neither console will be on sale in Japan until next year, far behind November releases in the U.S and Europe, and also the first time a new PlayStation console has not been released in Japan first.</p> Technology News Thu, 19 Sep 2013 06:41:13 -0400 Associated Press 1063297196 http://bostonherald.com/business/automotive/2013/09/honda_recalls_odyssey_acura_mdx_for_airbag_defect <p>TOKYO — Honda Motor Co. said Thursday it is recalling 318,000 Odyssey minivans in the U.S. and 63,400 Acura MDX sport-utility vehicles in several nations for an airbag defect.</p><p>The Japanese automaker said there have been no crashes related to the problem. Honda is also recalling 23,300 Odyssey minivans in Canada.</p><p>Tokyo-based Honda said it received complaints recently that the airbag opened unnecessarily in the 2003 and 2004 model year Odyssey and the 2003 Acura MDX because the computer chip for airbag deployment was responding to electrical interference.</p> Automotive Thu, 19 Sep 2013 06:22:49 -0400 Associated Press 1063297216 http://bostonherald.com/business/business_markets/2013/09/slots_license_bid_clouded_by_sec_suit <p>The Gaming Commission yesterday grilled Penn National Gaming executives over what it called poor hiring decisions as it weighed the firm's suitability to apply for the sole slots parlor license.</p><p>Among the hires questioned was Daniel Mudd, the former CEO of Fannie Mae, who the Securities and Exchange Commission has accused of lying to Congress. Mudd was hired by Fortress Investment Group, a major investor in Penn National.</p><p>"That nobody had a concern about it is astonishing to me," commission chairman Stephen Crosby said.</p> Business & Markets Thu, 19 Sep 2013 00:00:00 -0400 Jordan Graham 1063295991 http://bostonherald.com/business/business_markets/2013/09/feds_stimulating_words <p>The Federal Reserve's surprise move yesterday to postpone reducing its economic stimulus program sent stocks soaring and could help the housing market, but it also signals the economy has not rebounded as the Fed hoped, experts said.</p><p>"(Outgoing Fed Chairman Ben) Bernanke clearly is suggesting the economy is not ready to walk on its own," said Evan Dangel, a private wealth adviser at Morgan Stanley. "Quite frankly, the last two quantitative easing programs have been largely ineffective in spurring economic growth."</p> Business & Markets Thu, 19 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063296221 http://bostonherald.com/business/business_markets/2013/09/deval_patrick_surplus_no_substitute_for_tech_tax Gov. Deval Patrick chided lawmakers yesterday for their plan to replace the revenue of the soon-to-be-repealed tech tax with surplus funds, slamming it... Business & Markets Thu, 19 Sep 2013 00:00:00 -0400 Matt Stout 1063296211 http://bostonherald.com/business/business_markets/2013/09/300m_ruling_due_from_judge_in_demoulas_case <p>The latest legal tug-of-war in the Demoulas family feud over their Market Basket grocery chain hits a Boston courtroom today, where a judge could decide whether to temporarily block a $300 million shareholder payout.</p><p>Shareholder and director Arthur S. Demoulas yesterday fired back against his rival cousin, CEO Arthur T. Demoulas, calling the latter's lawsuit seeking to unseat the board's interim chairman — and set aside some board votes taken under his leadership — as "malnourished by a severe lack of factual allegations."</p> Business & Markets Thu, 19 Sep 2013 00:00:00 -0400 Donna Goodison 1063295986 http://bostonherald.com/business/business_markets/2013/09/asia_stocks_jump_fed_refrains_from_stimulus_cut <p>BANGKOK — Asian stock markets surged Thursday after the U.S. Federal Reserve unexpectedly refrained from reducing its massive economic stimulus.</p><p>Not even dour data out of Japan showing a swelling trade deficit could dampen the rally sparked by the Fed's decision to keep in place its $85 billion in monthly bond purchases, part of its "quantitative easing" approach of pumping money into the financial system to help stimulate the U.S. economy.</p> Business & Markets Wed, 18 Sep 2013 23:14:20 -0400 Associated Press 1063292431 http://bostonherald.com/business/healthcare/2013/09/new_test_aims_to_better_detect_viral_infections <p>WASHINGTON — It happens too often: A doctor isn't sure what's causing someone's feverish illness but prescribes antibiotics just in case, drugs that don't work if a virus is the real culprit.</p><p>Now Duke University researchers are developing a blood test to more easily tell when a respiratory illness is due to a virus and not a bacterial infection, hoping to cut the dangerous overuse of antibiotics and speed the right diagnosis.</p> Healthcare Wed, 18 Sep 2013 21:12:13 -0400 Associated Press 1063294356 http://bostonherald.com/business/business_markets/2013/09/surprise_from_fed_no_pullback_in_bond_purchases <p>WASHINGTON — In a surprise that sent the stock market soaring, the Federal Reserve concluded Wednesday that the U.S. economy isn't yet healthy enough for the central bank to ease its stimulus even slightly.</p><p>The Fed's cautious message pleased investors, who had expected a slight cut in the bond purchases that have kept long-term interest rates low as the nation recovers from the Great Recession. Wall Street celebrated the prospect of continued low interest rates by lifting stocks to a record high.</p> Business & Markets Wed, 18 Sep 2013 18:57:33 -0400 Associated Press 1063294351 http://bostonherald.com/business/business_markets/2013/09/irs_targeted_tea_party_after_granting_tax_status <p>WASHINGTON — The Internal Revenue Service continued to target conservative political groups even after approving their applications for tax-exempt status, a key Republican lawmaker said Wednesday.</p><p>A May report by the IRS inspector general said the agency gave extra scrutiny to 298 groups when they applied for tax exempt status from the spring of 2010 to the spring of 2012. The vast majority of the groups — 248 — were conservative, while 29 were liberal and 21 were neither, according to an analysis by the Republican staff of the House Ways and Means Committee.</p> Business & Markets Wed, 18 Sep 2013 18:57:01 -0400 Associated Press 1063294466 http://bostonherald.com/business/business_markets/2013/09/starbucks_progressive_ways_draw_fire_on_guns <p>NEW YORK — Starbucks has always set itself apart by taking strong positions on progressive political issues. Now that reputation has landed the company in the middle of the heated national debate over gun laws.</p><p>On Thursday, the Seattle-based company will run full-page ads in major newspapers, telling customers that guns are no longer welcome in its cafes. But Starbucks is stopping short of an outright ban, exposing the fine line it needs to walk on a highly divisive issue.</p> Business & Markets Wed, 18 Sep 2013 18:56:17 -0400 Associated Press 1063292256 http://bostonherald.com/business/healthcare/2013/09/new_health_care_law_expected_to_spawn_scam_artists <p>WASHINGTON — Warning to seniors on Medicare: If someone asks for your personal information for a state insurance exchange under the new health care law, he's probably a crook. Those exchanges don't apply to seniors.</p><p>No consumer, young or old, should give out medical information or pay up-front "enrollment" fees, the government says.</p><p>Those are just two of the scams that federal officials anticipate as state insurance exchanges ramp up under the Affordable Care Act, the official name of the law many call Obamacare.</p> Healthcare Wed, 18 Sep 2013 18:50:26 -0400 Associated Press 1063292931 http://bostonherald.com/business/business_markets/2013/09/black_eye_for_beanie_babies_toy_creator_charged <p>CHICAGO — Felonies and potential prison stints haven't been the kinds of things associated with cute, cuddly Beanie Babies, but that changed Wednesday when the creator of the iconic stuffed toys was charged with tax evasion and agreed to pay a $53 million penalty.</p> Business & Markets Wed, 18 Sep 2013 18:40:57 -0400 Associated Press 1063293971 http://bostonherald.com/business/healthcare/2013/09/walgreen_moves_health_coverage_to_private_exchange <p>Walgreen Co. is joining a growing push from big businesses to shift more responsibility for finding insurance onto their employees as health care costs continue to climb.</p><p>The nation's largest drugstore chain said Wednesday that it will send workers to a private health insurance exchange where they will pick from as many as 25 plans instead of having the company give them two to four options.</p> Healthcare Wed, 18 Sep 2013 18:33:31 -0400 Associated Press 1063293021 http://bostonherald.com/business/technology/technology_news/2013/09/pandora_wins_court_battle_with_music_publishers <p>LOS ANGELES — Internet radio leader Pandora Media Inc. said Wednesday that it has won its court battle with the music publishing society known as ASCAP in a ruling that should help lower its royalty payments.</p><p>The win means that Pandora is entitled to license all songs in the catalog run by the American Society of Composers, Authors and Publishers, and that publishers such as Universal and BMG can't make separate deals to be paid higher royalty rates.</p> Technology News Wed, 18 Sep 2013 18:05:09 -0400 Associated Press 1063294321 http://bostonherald.com/business/business_markets/2013/09/biw_president_to_go_to_electric_boat <p>PORTLAND, Maine — The president of General Dynamics' Bath Iron Works is leaving to take the top job at the submarine division, Connecticut's Electric Boat, while the top executive at the defense contractor's West Coast shipyard will assume duties as president of both shipyards in Maine and California, officials said Wednesday.</p> Business & Markets Wed, 18 Sep 2013 17:59:13 -0400 Associated Press 1063294306


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