The Ticker

BlackBerry shares dive after surprise loss Shares of BlackBerry plunged yesterday after the company posted an unexpected quarterly loss and didn't break out the specifics of its smartphone sales. The Canadian company reported a loss of $84 million,...

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Beacon pays steep markup to buy back Channel buildings

Beacon Capital Partners is back in the game at the Channel Center in South Boston's humming Fort Point Neighborhood. The Hub real estate investment firm purchased the properties at 7-9 Channel Center for $7.8 million and 10-20 Channel Center for $62...

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Obama says not threatened by China focus on Africa

PRETORIA, South Africa — President Barack Obama says he doesn't feel threatened by the fact that other countries, led by China, are investing in Africa. In fact, Obama says the more countries that come to Africa, the merrier. Obama says he's touring...

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Obama: Make climate change a must for your vote

WASHINGTON — President Barack Obama is urging Americans to make climate change a political litmus test, asking them to declare they won't vote for any politicians who don't protect future generations from environmental devastation. Obama says Americans...

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Verbal exchange between Doc Rivers, ESPN personality adds spice to NBA draft telecast

The actual NBA Draft proved dramatic enough Thursday night with General Manager Chris Grant and the Cavaliers making a mockery of most mock drafts throughout the country with their selection of power forward Anthony Bennett out of UNLV, but there was...

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Microsoft wants to disclose data on FISA orders

WASHINGTON — Microsoft is asking a court to let it disclose data on national security orders the company has received under the Foreign Intelligence Surveillance Act. Microsoft made the request in a motion with the secretive Foreign Intelligence Surveillance...

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Former New York, LA top cop Bill Bratton to NBC

NEW YORK — NBC News has hired former New York police commissioner and Los Angeles top cop Bill Bratton as a news analyst. Bratton, who also ran Boston's police department in a busy law enforcement career, will specialize in criminal justice policy,...

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Jeep owners worry about safety after recall deal

DETROIT — A deal between the government and Chrysler over Jeeps linked to deadly fires isn't sitting well with many Jeep owners and auto safety advocates. In early June, after a nearly three-year investigation, the National Highway Traffic and Safety...

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Online pharmacy crackdown shutters 1,677 websites

U.S. and international regulators have seized more than $41 million in illegal medicines worldwide and shut down 1,677 websites as part of their ongoing fight against counterfeit drugs sold over the Internet. The U.S. Food and Drug Administration said...

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Boston Scientific spends $275M on CR Bard business

NATICK — Boston Scientific Corp. plans to spend $275 million to buy the electrophysiology business of fellow medical device maker C.R. Bard Inc. and strengthen its stake in a $2.5 billion global market. Boston Scientific, which is based in Natick, Mass.,...

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PayPal looks to conquer space (payments)

NEW YORK — PayPal wants to explore space — or at least begin to figure out how payments and commerce will work beyond Earth's realm once space travel and tourism take off. PayPal, which is eBay Inc.'s payments business, says it is launching an initiative...

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Samsung puts curve in OLED televisions

SEOUL, South Korea — After delays, Samsung Electronics Co. rolled out Thursday a curved TV that uses an advanced display called OLED. The 55-inch TV will sell for 15 million won ($13,000) in South Korea, more than five times the cost of LCD televisions...

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Salem State University to purchase historic diner

SALEM — A diner that's listed on the National Register of Historic Places and was a former haunt of Red Sox legend Johnny Pesky will soon be owned by Salem State University. The school announced on Wednesday that it's reached an agreement to purchase...

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US unemployment benefit applications fall to 346K

WASHINGTON — The number of Americans seeking unemployment benefits fell 9,000 to a seasonally adjusted 346,000 last week, evidence that the job market is still improving modestly, despite signs of slower growth. The four-week average, a less volatile...

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Investigator: No sign progressives mistreated

WASHINGTON — The Treasury Department watchdog who detailed Internal Revenue Service mistreatment of tea party groups seeking tax-exempt status says he has no evidence the IRS also mishandled progressive groups' applications. In a letter to Congress,...

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Barnes & Noble's loss more than doubles

NEW YORK — Sales plummeted at Barnes & Noble bookstores in the latest quarter and its Nook e-book devices failed to keep up with competitors, pushing the company to a net loss that more than doubled from a year ago. The largest traditional U.S....

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US economy grows at slower 1.8 pct. rate in Q1

WASHINGTON — The U.S. economy grew at an annual rate of 1.8 percent in the first three months of the year, significantly slower than first thought. The steep revision occurred mostly because consumers spent less than previously estimated, a sign that...

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Obama's climate plan takes aim at coal plants

NEW YORK — America is slowly moving toward cleaner sources of energy and using less of it overall. President Barack Obama's plan to fight climate change will accelerate those trends. The plan aims to reduce power-plant emissions of carbon dioxide, increase...

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Luxoft surges in 1st day of trading on the NYSE

NEW YORK — Shares of Luxoft, which develops and maintains software for businesses and other enterprises, surged in their first day of trading on the New York Stock Exchange. The stock gained $3.65, or 21.5 percent, to $20.65 Wednesday morning. Luxoft...

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Watchdog: IRS fought oversight in tea party cases

WASHINGTON — The Internal Revenue Service long has resisted efforts by an internal watchdog to help groups seeking tax-exempt status, creating a culture that enabled agents to improperly target such organizations for additional scrutiny, the National...

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Halle Berry to testify on Calif. paparazzi bill

SACRAMENTO, Calif. — Actress Halle Berry is scheduled to testify on Tuesday in favor of California legislation that would limit the ability of paparazzi to photograph the children of celebrities. The hearing before the Assembly Committee on Public Safety...

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US consumer confidence at five-year high in June

WASHINGTON — Americans' confidence in the economy rose to its highest level in more than five years, bolstered by a more optimistic outlook for hiring. The Conference Board, a New York-based private research group, said Tuesday that its consumer confidence...

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AP Survey: Bernanke comments surprised investors

WASHINGTON — Stock and bond prices are sinking because investors were caught off guard and alarmed by the Federal Reserve's signal that long-term interest rates are headed higher. That's the view that emerges from an Associated Press survey of economists...

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Carnival sees fewer bookings, replaces its CEO

NEW YORK — Passengers remain hesitant to book cruises, despite deep discounts. But that didn't stop Carnival Corp. from eking out a $41 million second-quarter profit thanks to lower fuel costs and the timing of some administrative expenses. The Miami-based...

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Mass. company gets tax break for 1,900 jobs

BOSTON — A company that's leading efforts to computerize health care records nationwide is promising to add 1,900 jobs in Massachusetts in an exchange for a state tax break. The agreement with athenahealth Inc. is the biggest economic development deal...

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