Cuts may stunt state’s growth

Higher worker bonuses and a strong technology sector helped the Massachusetts economy grow faster than the nation for the first three months of the year, but experts warned that federal budget cuts and the payroll tax increase are already taking a toll...

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Gov asks SBA for loans to those hit by bombing

Gov. Deval Patrick has called on the U.S. Small Business Administration to provide some relief in the form of low-interest loans for small businesses and private nonprofits affected by the Boston Marathon bombings last week. In a letter, Patrick asked...

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Boeing says new battery system ensures 787 safety

TOKYO — Boeing Co.'s chief engineer for the 787 Dreamliner said Saturday that changes to the lithium-ion battery system are fully sufficient to ensure the aircraft's safety, although the company has been unable to find the cause of the original battery...

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Obama: Flight delay fix a 'Band-Aid'

WASHINGTON — President Barack Obama says the congressional fix for widespread flight delays is an irresponsible way to govern, but he's prepared to sign the legislation that lawmakers fast-tracked. He says the bipartisan bill to end furloughs of air...

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Report finds solid growth in Massachusetts economy

BOSTON — A report by the University of Massachusetts and Federal Reserve Bank of Boston says Massachusetts's economy grew at a strong 3.9 percent rate in the first quarter of the year. The report says hiring increased in the January-to-March period,...

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Yankee Candle to sell ‘Boston Strong’ candles

Yankee Candle said this week it will launch a limited edition Boston Strong candle available online for pre-order now to honor the victims affected by the Boston Marathon bombings. All net proceeds for the commemorative candle will be donated to the...

22.27 | 0 komentar | Read More

Honey Dew will donate to One Fund Boston

Honey Dew Associates, the parent company of New England franchise Honey Dew Donuts, said participating locations will donate 10 percent of sales made in stores on Monday to the One Fund Boston. The One Fund, which has already raised more than $20 million,...

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Everett announces host agreement with Wynn Resorts

The city of Everett is one step closer to having a resort casino as officials announced a host agreement with Wynn Resorts yesterday. "We are pleased that we have taken this major step in bringing a Wynn resort to Everett and believe that this host...

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Appeals court dismisses challenge to SEC rule

WASHINGTON — A federal appeals court has dismissed a challenge to a new federal rule requiring publicly traded companies to disclose payments of $100,000 or more to foreign governments. A three-judge panel ruled Friday that it lacks jurisdiction to...

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Greater Boston chamber lobbies in D.C. for immigration reform

The Greater Boston Chamber of Commerce said it led representatives of its "Business for Skilled Worker Immigration" national coalition on a daylong trip to Washington, D.C., yesterday to lobby for three key immigration reforms. The reforms include expansion...

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Cambridge DNA whisperers

Cambridge-based Gen9 has landed another $21 million to keep pushing the limits of synthetic biology, a cutting-edge field where scientists "play God" by creating customized DNA — the building blocks of life — for a variety of different industries. As...

22.27 | 0 komentar | Read More

Facebook: Audit finds privacy practices sufficient

NEW YORK — Facebook says that an independent audit found its privacy practices sufficient during a six-month assessment period that was part of a settlement with federal regulators. Facebook Inc. said it submitted the findings to the Federal Trade Commission...

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Google agrees to change search display in Europe

BRUSSELS — Google has agreed to change how it displays search results in Europe — including a better labeling of its promoted content and displaying links to competitors — to appease concerns it might be abusing its dominant market position, the European...

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US unemployment aid applications drop to 339K

WASHINGTON — The number of Americans seeking unemployment benefits fell last week to a seasonally adjusted 339,000, the second-fewest in more than five years. The drop suggests that layoffs have declined and that job growth may pick up from last month's...

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Boeing: Cause of 787 battery fires remains mystery

NAIROBI, Kenya — A Boeing engineer said Thursday that the cause of the battery problems that have grounded the company's 787 Dreamliners may never be known. The engineering leader for the 787, Richard J. Horigan, said the root cause of smoldering batteries...

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Fed says redesigned $100 bill ready by October

WASHINGTON — The Federal Reserve announced Wednesday that it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target. The Fed has set a new target date of Oct. 8. The redesigned note incorporates added security...

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Boeing aims for mid-May restart of 787 deliveries

Boeing says it will begin delivering 787s again in early May. The 787 has been grounded since mid-January because of smoldering batteries. Federal authorities have approved Boeing's redesigned battery system. Boeing CEO Jim McNerney says the new battery...

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Mobile ad firm Nanigans raises $5.8M

Nanigans, a Boston-based advertising technology company, said this week it has closed $5.8 million in a round of funding. The financing was led by Avalon Ventures of Cambridge. In 2011, the company received $3.1 million in funding, officials said. ...

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Gen9 lands $21M investment from Agilent Technologies

Cambridge-based Gen9 Inc. said today it has received a $21 million investment from Agilent Technologies to further invest in product development and expand the "commercial infrastructure" for its synthetic biology business. As part of the investment,...

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J.P. Morgan Chase to donate $500G in race entry fees to One Fund

J.P. Morgan Chase and Mayor Thomas M. Menino said this week that the 30th annual J.P. Morgan Corporate Challenge will continue as planned on June 20. The financial services firm, which has assets of $2.4 trillion, said it will contribute all entry fees,...

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DuPont says first-quarter net income soars

DOVER, Del. — The DuPont Co. said Tuesday that its net income more than doubled in the first quarter on a gain from the sale of its performance coatings unit and strong continuing results in its agricultural unit. DuPont, based in Wilmington, Del.,...

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Limping al-Qaida offshoot rearms with Twitter

Battered by a French-led military campaign in Mali, al-Qaida's North African arm is trying something new to stay relevant: Twitter. The PR campaign by the terror network seeks to tap into social grievances and champion mainstream causes such as unemployment,...

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TV reporter says he's fired for profanity on air

BISMARCK, N.D. — A weekend news anchorman for a North Dakota television station says he was fired after he opened his first-ever broadcast with obscenities. A.J. Clemente says on Twitter that KFYR-TV of Bismarck fired him Monday. The NBC affiliate...

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Solid earnings drive stocks higher on Wall Street

NEW YORK — Strong earnings from a range of U.S. companies are driving stock prices higher in the early going on Wall Street. Coach, Travelers and Lockheed Martin were among the winners shortly after the opening bell after the companies reported better...

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MF Global's trustee sues former CEO Corzine

NEW YORK — The trustee in the MF Global Holdings bankruptcy case has sued ex-CEO Jon Corzine and other former executives, alleging that they "failed to act in good faith" while running the company. The lawsuit, filed Monday in bankruptcy court in New...

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Oil stays above $88 per barrel

The price of oil rose modestly above $88 a barrel Monday as traders returned to commodities after big sell-offs last week. By early afternoon in Europe, benchmark crude for May was up 48 cents to $88.49 in electronic trading on the New York Mercantile...

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Sprint forms committee to evaluate Dish offer

OVERLAND PARK, Kan. — Sprint Nextel has formed a committee of independent directors to review a $25.5 billion buyout offer from Dish Network. The committee has retained Bank of America Merrill Lynch to act as its financial advisor and will provide an...

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Hasbro says Monopoly contest helped lift sales

PAWTUCKET, R.I. — Hasbro reported first-quarter results Monday that beat Wall Street expectations as the toy maker benefited from an online contest that let people vote to eliminate one of its Monopoly tokens and introduce a new one. The Pawtucket,...

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G-20 approval of Japan's easing drives markets up

PARIS — A global stamp of approval for Japan's aggressive monetary policy and the re-election of the Italian president pushed world stocks higher Monday. Upending expectations, finance ministers and central bank governors from the world's largest economies...

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European austerity yields meager results in 2012

LONDON — The austerity pain pursued by a number of European countries led to very little gain in 2012. Figures Monday from Eurostat, the European Union's statistics office, showed that many of the countries hit hardest by Europe's financial crisis,...

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World finance leaders say growth still weak

WASHINGTON — While world finance leaders say the global economy has improved slightly this year, they said the outlook for the future was uneven with growth and job creation still too weak. The policy-setting committee for the 188-nation International...

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Israel approves 'Open Skies' deal with EU

JERUSALEM — Israel's Cabinet on Sunday approved a deal to allow more EU flights, hours after the country's airlines went on strike out of concerns that the agreement would cost them jobs and possibly even ruin their companies. The approval of "Open...

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Blackstone founder creates $300M China scholarship

BEIJING — A U.S. private equity tycoon announced Sunday the establishment of a $300 million endowed scholarship program in China for students from around the world, and billed it as a rival to the prestigious Rhodes Scholarship. Stephen A. Schwarzman,...

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Tesla car manufacturer seeks Natick Mall sales

NATICK, Mass. — Tesla Motors is expected to ask Natick planners for an exception to zoning regulations to allow the manufacturer of upscale electric cars to sell at the Natick Mall. The Boston Globe reports (http://bo.st/11rJGIR ) that the exception...

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Report: Ex-HSBC man says US advised he go to Spain

MADRID — A man wanted by Switzerland on suspicion of stealing confidential banking information now being used by international financial investigators says U.S. officials warned him he was in danger and advised him to go to Spain, a newspaper reported...

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