Reports: Barclays bank suspends 6 in rigging probe

LONDON — Barclays bank has suspended six traders amid an investigation into whether international currency markets were rigged, the BBC, the Financial Times and other outlets reported Saturday. Barclays, Britain's second-largest bank, revealed on Wednesday...

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Iran criticizes Iraq for increasing crude exports

TEHRAN, Iran — Iran's Oil Minister says Iraq has increased its crude oil exports to compensate for a fall in Iranian exports as a result of sanctions over Tehran's suspected nuclear program, calling the policy "not friendly at all." Bijan Namdar Zanganeh...

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Gov. Patrick, ex-Gov. Romney to discuss health law

BOSTON — Massachusetts' current and former governors are set to appear on NBC's "Meet the Press" Sunday to discuss the federal health care law. Gov. Deval Patrick and former Gov. Mitt Romney are expected to paint very different portraits of the law...

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Sticker shock often follows insurance cancellation

MIAMI — Dean Griffin liked the health insurance he purchased for himself and his wife three years ago and thought he'd be able to keep the plan even after the federal Affordable Care Act took effect. But the 64-year-old recently received a letter notifying...

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Sens. Warren, Markey to hold Mass. fishing hearing

BOSTON — U.S. Sen. Elizabeth Warren is planning to hold a "listening session" at the Statehouse to hear about challenges facing Massachusetts' fishing industry. Warren said she hopes to hear from fishermen, shore side businesses and the local marine...

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FAA OKs electronic devices during takeoff

Passengers soon will be able to keep reading their ebooks and watching movies on planes during takeoffs and landings after the Federal Aviation Administration yesterday issued new guidelines for use of electronic devices. "The FAA has determined that...

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Here’s why homes don’t sell

If your house isn't selling, don't despair — try jazzing it up online. Inventory in the Metro Boston region is down 
62 percent from a year ago while prices are up 9 percent, so there's hope. But buyers are first turning to real estate websites before...

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The New York Times loses $24.2M after sale of Globe

The New York Times reported a $24.2 million third-quarter loss yesterday, thanks in part to a costly write-down following the sale of The Boston Globe to Red Sox owner John Henry. The Times announced a $34.3 million write-down related to the sale of...

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Ariad shares dive as drug sale halted

Ariad Pharmaceuticals' stock plunged yesterday on news that the Cambridge company was suspending sales of its leukemia drug Iclusig because of concerns that patients taking it could suffer life-threatening blood clots. Shares dropped more than 44 percent...

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Asia stocks muted on prospect Fed to trim stimulus

MUMBAI, India — Asian stocks markets were muted Friday as investors continued to fret that the U.S. Federal Reserve bank will begin cutting its stimulus as soon as January. Japan's Nikkei 225, the regional heavyweight, fell 1.2 percent to 14,155.81,...

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Smartwatches abound. But who really wants one?

NEW YORK — Smartwatches that display message alerts and weather updates are popping up everywhere this holiday season as consumer electronics companies try to persuade you to add them to your shopping list. But is there really a big demand for computerized...

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Sebelius apologizes for health law 'debacle'

WASHINGTON — President Barack Obama's top health care official told Congress on Wednesday that she's responsible for the "debacle" of cascading technical problems that overwhelmed a government website intended to make shopping for health insurance clear...

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Comcast 3Q profit declines, still beats Street

PHILADELPHIA — Comcast Corp., the nation's largest TV and Internet provider, on Tuesday posted a drop in third-quarter earnings that was milder than expected. Its NBCUniversal media subsidiary overcame the loss of Olympics programming with better movies...

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Barnes & Noble releases new Nook e-reader for $119

NEW YORK — Barnes & Noble Inc. is releasing a new Nook e-book reader for the holidays, while it evaluates the future of tablet computers. Nook tablets haven't sold well amid intense competition with Apple's iPad, Amazon's Kindle Fire and others....

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US consumer prices rise just 0.2 pct. in September

WASHINGTON — U.S. consumer prices increased only slightly in September, as higher energy costs offset flat food prices. The figures are the latest evidence that slow economic growth is keeping inflation tame. The consumer price index rose a seasonally...

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Pfizer 3Q net falls due to generics, higher costs

Pfizer Inc.'s third-quarter profit dropped 19 percent as competition from generic drugs continued to cut sales, while lower operating expenses failed to offset higher taxes and charges. Like many other drugmakers, Pfizer is suffering as cheaper generic...

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US consumer confidence plunges on gov't shutdown

WASHINGTON — Americans' confidence in the economy fell this month to the lowest level since April, as many worried about the impact of a 16-day partial government shutdown. The decline could weigh on spending and economic growth. The Conference Board...

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Outside drop in autos, US retail spending rises

WASHINGTON — A sharp drop in auto sales caused largely by a calendar quirk lowered U.S. retail spending in September. But Americans spent more on most other goods, showing some confidence in the economy before much of the government shut down. Overall...

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Vertex to slash 15 percent of work force, including 175 in Mass.

The Massachusetts-based biotech company Vertex is laying off 175 workers in the Bay State and reporting a third-quarter loss amid plummeting sales of its onetime hit hep C drug. Vertex will eliminate 370 positions, primarily in its Invicek division...

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Goodyear 3Q earnings up 51 percent

CLEVELAND — Goodyear Tire & Rubber Co.'s third-quarter profit rose 51 percent on strong performances in Latin America and North America, the tire maker said Tuesday. But shares dropped 7.5 percent in late morning trading as the company's sales dropped...

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Stocks steady as investors await Fed meeting

LONDON — Global stock markets turned cautious Monday as investors waited for the U.S. Federal Reserve's monthly meeting for clues on when the central bank will start reducing its monetary stimulus. With uncertainty over the raising of the U.S. borrowing...

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Martha Stewart Living names board member as CEO

NEW YORK — Martha Stewart Living Omnimedia Inc. has tapped the world of metals to find its next CEO. The New York-based media and merchandising company said it has named board member Daniel W. Dienst, who most recently served as CEO of Sims Metal Management,...

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UK man accused of hacking US government computers

NEWARK, N.J. — British man has been arrested and charged with hacking into computer systems of the U.S. Army, NASA and other federal agencies. A grand jury in Newark, N.J., says in an indictment that 28-year-old Lauri Love, of Stradishall, England,...

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Merck 3Q net income falls on charges, lower sales

Merck & Co.'s third-quarter profit plunged 35 percent because of competition from generic drugs, lower sales of its top-selling medicine, and restructuring and acquisition charges. It still beat Wall Street's profit expectations, but sharply lowered...

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US factory output rises just 0.1 pct. in September

WASHINGTON — U.S. factories barely boosted their output in September, adding to other signs that the economy was slowing even before the government shutdown began on Oct. 1. Manufacturing production rose only 0.1 percent, the Federal Reserve said Monday....

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Complaints claim Egypt satirist defamed military

CAIRO — Egypt's top prosecutor received complaints Saturday against a popular television satirist less than 24 hours after he returned to the air, as the private TV station that airs his program sought to distance itself from its contents. The legal...

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Jay-Z defends deal with store accused of profiling

NEW YORK — Jay-Z — under increasing pressure to back out of a collaboration with the luxury store Barneys New York after it was accused of racially profiling two black customers — said Saturday he's being unfairly "demonized" for just waiting to hear...

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Aereo’s CEO signals more hiring in Hub

Internet TV company Aereo continues to expand and is looking to Boston to beef up its engineering staff even as it faces lawsuits across the country from broadcast industry giants. "Our expectation was there would be a lot of controversy around this,...

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Accelerating growth

MassChallenge, the Bay State's groundbreaking global startup accelerator and competition, is planning an extensive expansion that will include manufacturing facilities and outposts in Israel as well as potentially Europe, Asia and South America, according...

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GOP hopes 'Obamacare' woes have staying power

WASHINGTON — For nearly five years, Republicans have struggled to make a scandal stick to President Barack Obama's White House. One by one, the controversies — with shorthand names such as Solyndra, Benghazi, and Fast and Furious — hit a fever pitch,...

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