Wayfair buys upscale N.Y. design store

Boston-based online home furnishing retailer Wayfair.com, on the heels of its best quarter to date, has bought an eclectic New York City-based lifestyle retailer as it seeks to create its own product lines and offer new brands. The purchase of DwellStudio,...

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New Zealand botulism scare triggers global recall

WELLINGTON, New Zealand — New Zealand authorities have triggered a global recall of up to 1,000 tons of dairy products across seven countries after dairy giant Fonterra announced tests had turned up a type of bacteria that could cause botulism. New...

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Red Sox owner enters $70M deal for Boston Globe

BOSTON — Businessman John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy The Boston Globe for $70 million, a massive drop from its record $1.1 billion price two decades ago. The impending purchase from The New...

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Red Sox owner John Henry to buy Boston Globe

Red Sox owner John Henry has entered into an agreement to buy The Boston Globe and the rest of the New England Media Group, the paper's parent company, The New York Times Company, announced early today.The $70 million cash agreement is expected to close...

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Old tobacco playbook gets new use by e-cigarettes

RICHMOND, Va. — Companies vying for a stake in the fast-growing electronic cigarette business are reviving marketing tactics used to hook generations of Americans on regular smokes. They're using cab-top and bus stop displays, sponsoring race cars and...

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Netflix rolls out new tool to profile viewers

SAN FRANCISCO — Netflix is introducing a long-awaited feature that will make it easier for the Internet video service to track and analyze the viewing habits of people sharing the same $8-per-month account. The tool coming out Thursday can splinter...

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US unemployment claims fall to 326K, 5 ½-year low

WASHINGTON — The number of Americans applying for unemployment benefits fell 19,000 last week to a seasonally adjusted 326,000, the fewest since January 2008. The decline shows the job market continues to strengthen. The Labor Department said Thursday...

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US average rate on 30-year loan up to 4.39 pct.

WASHINGTON — Average rates on U.S. fixed mortgages ticked up this week but are still low by historical standards, a trend that has helped the housing market recover. Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan rose...

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Automakers report big July sales; trucks lead way

DETROIT — General Motors, Ford, Chrysler, Toyota and Nissan all reported double-digit sales gains last month, clear signs that U.S. auto sales will remain strong into the second half of the year. Toyota led the way with nearly a 16.5 percent increase,...

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Obama orders review of chemical plant rules

WASHINGTON — President Barack Obama is ordering federal agencies to review safety rules at chemical facilities in response to the deadly April explosion at a Texas fertilizer plant. In an executive order announced Thursday, Obama tasks agencies with...

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Annual Utah outdoor show features lighter gear

SALT LAKE CITY — It's a showcase of technology for everything from socks that can take a beating to water bottles equipped with battery-powered ultraviolet purifiers. At the world's largest trade show for outdoor gear, one trend this year is lighter...

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Boston Harbor lighthouse up for grabs

BOSTON — It's prime oceanfront property — but with a twist. The U.S. government is accepting bids for ownership of Graves Island Light Station, a working lighthouse on a tiny Boston Harbor island about nine miles off the coast. The 113-foot structure...

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Microsoft Office comes to Android, but not tablets

NEW YORK — Microsoft is bringing a pared-down version of its Office software to Android phones, but it won't work on Android tablets just as it doesn't on iPads. The software will be available starting Wednesday. It requires a $100-a-year subscription...

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Global stock markets buoyed ahead of Fed statement

MILAN — Strong eurozone unemployment data combined with better-than-expected U.S. jobs and economy figures to give a modest boost to stock markets on Wednesday. Eurostat figures showed the number of unemployed across the 17 European Union nations fell...

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New US Treasury securities on sale in January

WASHINGTON — The Treasury Department said Wednesday that it expects to start offering investors a new Treasury security with variable interest rates in January. It will be the first new Treasury security in 15 years. Treasury officials said they hope...

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Investors look to Fed for further clues on rates

WASHINGTON — When the Federal Reserve offers its latest word on interest rates this week, few think it will telegraph the one thing investors have been most eager to know: When it will slow its bond purchases, which have kept long-term borrowing rates...

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Cuba criticizes US embargo fine for AmEx, bank

HAVANA — Cuba is objecting to the U.S. government's recent sanctions against companies for violating the 51-year-old economic and financial embargo against the island. A Foreign Ministry statement notes last week's settlement in which American Express...

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Arson eyed at planned NM horse slaughterhouse

ROSWELL, N.M. — A New Mexico company seeking to convert its cattle plant to a horse slaughterhouse might have been the target of arson. The Roswell Daily Record reports (http://bit.ly/17e7iRe) a fire Saturday that burned part of the exterior of Valley...

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Morgan Stanley settles securities case in NJ

NEWARK, N.J. — Morgan Stanley has agreed to pay $100,000 to settle claims the company violated New Jersey law in its sale of nontraditional exchange-traded funds. The state Bureau of Securities claimed Morgan Stanley failed to adequately train and supervise...

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Sprint feels pain of Nextel close, widens 2Q loss

OVERLAND PARK, Kan. — Sprint Corp., the ailing No. 3 of the U.S. wireless business, has had the surgery. Now it's in for a trying recovery period. In the last few months, Sprint has sold a majority stake to Softbank Corp. of Japan, bought the failing...

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Indian panel approves Etihad purchase of Jet stake

NEW DELHI — India's foreign investment regulator conditionally approved on Monday a $379 million deal by Abu Dhabi-based Etihad Airways to buy a 24 percent stake in Jet Airways, the first foreign investment in an Indian airline since restrictions were...

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Pending sales of US homes slip from 6-year high

WASHINGTON — The number of Americans who signed contracts to buy homes dipped in June from a six-year high in May, a sign that sales could stabilize over the next few months. The National Association of Realtors said Monday that its seasonally adjusted...

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Fog delaying some flights at Denver Int'l Airport

DENVER — Fog is delaying flights by about an hour in Denver, and some smaller planes are being diverted to other airports because of the low visibility. The fog is expected to lift by 9 a.m. Monday. About 15 commuter flights headed to Denver International...

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Justin Smith to serve as Bloomberg Media CEO

NEW YORK — Bloomberg LP says that Justin B. Smith will serve as CEO of its media group, which includes its TV, radio, magazine and digital businesses around the world. The financial news and information company said Monday that Andrew Lack, who had...

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Foreign airlines urged to use GPS at San Francisco

SAN FRANCISCO — The Federal Aviation Administration is advising all foreign airlines to use a GPS system instead of visual approaches when landing at San Francisco International Airport in the wake of the deadly Asiana Airlines crash. The San Francisco...

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Student entrepreneurs venture into business

Fresh-roasted coffee, artisan mango liqueur and glow-in-the-dark ultimate frisbee gear — those are some of the products ready to launch out of a Babson College summer crash course for young entrepreneurs. The 10-week summer venture program featured...

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Radio, TV personality David 'Kidd' Kraddick dies

David "Kidd" Kraddick, the high-octane radio and TV host of the "Kidd Kraddick in the Morning" show heard on dozens of U.S. radio stations, has died at a charity golf event near New Orleans, a publicist said. Kraddick was 53. The Texas-based radio and...

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Co-founder of Russia's biggest search engine dies

MOSCOW — Ilya Segalovich, the co-founder of Russia's largest search engine, Yandex, has died, the company said Sunday. He was 48. Segalovich died Saturday at a London hospital, Yandex director general and fellow founder Arkady Volozh said. Volozh said...

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Russian cargo ship docks with space station

MOSCOW — Russia's space agency says that its cargo ship has docked successfully with the International Space Station. Roscosmos says the unmanned Progress M-20M spacecraft moored at the station Sunday about six hours after its launch from the Baikonur...

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Treasury's Lew: Congress needs to pass debt limit

WASHINGTON — Congress needs to raise the debt limit and take away the "cloud of uncertainty" about the nation's ability to pay its bills, Treasury Secretary Jack Lew said in an interview broadcast Sunday. "The fight over the debt limit in 2011 hurt...

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