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Art of stone exists in Roxbury

Written By Unknown on Sabtu, 13 September 2014 | 22.27

This one-of-a-kind stone house in Roxbury's Fort Hill neighborhood sits on a large lot in an area zoned for three-­families, offering an ­investor a chance to add to this charming single-family home.

The five-bedroom house at 34 Lambert St. was built in 1905 with native Roxbury puddingstone. It has five levels of living space, with a nice flow of rooms on front and rear levels separated by half-flights of stairs. The home has oak floors throughout, added by the current owner in 1984, and many of the original interior wood moldings and triangular-topped windows have been maintained.

Factored into the $895,000 asking price for the 2,556-square-foot home is the right to add two more connected units on its empty rear lot facing Norfolk Street.

A wood-sided entry foyer has oak floors and a coat closet, and there's stone facing along one wall.

To the right is a living room with 11-foot ceilings, a brick fireplace, two front windows and a side bay window bump-out. There's also an ­alcove that is used as a home ­office. Stairs from here lead down to a formal dining room with oak floors.

Adjacent to the dining room is a spacious kitchen that has lots of windows, white cabinets and white ceramic-tile floors. Redone in the mid-1980s, the Formica counters and black Jenn Air and Kenmore appliances could use some updating.

A half-bathroom added in 1984 is off the kitchen, along with an alcove holding a full-size washer and dryer.

The master bedroom is in the rear of the house up a half-flight from the living room. This oak-floored double-height room has a triangle-topped window set into a puddingstone wall and a light/fan suspended from the ceiling. A second, front bedroom also has oak floors. Between them is a full bathroom, redone in 1984, with ceramic tile floors and surround for a deep soaking tub as well as a walk-in shower.

A half-flight up is a bedroom currently used as a family room with oak floors and a fireplace, with views out another triangular-topped window.

A final half-flight leads up to two rear-facing bedrooms with hardwood floors that both offer decent city views.

The basement heating system was added in 1984, but there is no central air conditioning. The full basement has a workshop area and lots of additional storage space.

There's a shared driveway along the side of the house, and more parking in the large backyard lot.


22.27 | 0 komentar | Read More

Pike traffic woes to grow

Mass Pike commuters, already tested by construction that's reduced lanes and clogged traffic, have another, larger project to look forward to when the current one is finished.

The state Department of Transportation's launch of its estimated $260 million Allston interchange realignment likely will start in early 2017 — on the heels of the current Commonwealth Avenue bridge and median barrier project — and continue through 2020.

MassDOT wants to address significant structural deficiencies in the I-90 Allston viaduct and shift the Pike's alignment in that area so the curve is not as sharp — changes made possible when CSX Corp. discontinued its rail container operation in the Beacon Park Yard, MassDOT spokesman Michael Verseckes said.

It's too early in the design process to determine associated traffic restrictions, according to Verseckes. "Ultimately, the new segment of highway will have to be tied in to the ends on either side," he said.

Another public meeting on the interchange project's preliminary design and work schedule is set for Thursday.

Current work on the Pike — rehabbing of the Commonwealth Avenue bridge foundation and median barrier upgrades — has prompted the shutdown of a portion of the Pike's left lanes in both directions and snarled traffic. An on-ramp lane from Cambridge Street in Allston, for Pike eastbound travel, also has been closed. That $22.2 million project is expected to be finished in spring 2016.

"We understand that this project has created some traffic congestion ... particularly in the morning commute," Verseckes said. "Due to the various constraints with the physical, available right-of-way and the very close proximity to the commuter rail lines, we feel that this design is the only means to get the project done on a timely basis and still maintain safe operation."

Work in the Prudential tunnel portion of the Pike that has prompted night and early morning lane shutdowns, meanwhile, is expected to wrap up Oct. 15, according to the Massachusetts Convention Center Authority. The MCCA project, which entailed removing the tunnel ceiling beneath the Hynes Convention Center, is now in cleanup phase, executive director Jim Rooney said.

"We've got to do some fireproofing to the underside of the Hynes, install some heat tracing on some exposed water pipes and drain pipes, and we've got some uneven walls that need to be repaired," he said. "It's kind of the finish work of the job."


22.27 | 0 komentar | Read More

Hard to get over this Range Rover

As it turns out, perfection does have its price.

And at $121,390, the 2014 Range Rover Supercharged LWB comes close enough to achieving it. This car is a beauty with classic looks and impeccable road manners. It's a luxury SUV that drives like a sedan while making you feel like you're in your living room. It has style, speed and splendor.

This thoroughly refined SUV starts with comfortable, soft, supple leather seats. In summer, the Range Rover will keep you cool with ventilation emanating from perforated leather. In winter, heat greets you from the seat, the steering wheel as well as the dual zone climate control system. The front seat of the Range Rover even has a built-in massaging feature for recuperating from those long days at work.

Rear passengers will also experience the luxury. The 122.8-inch wheelbase increases the legroom to 47.5 inches so there's plenty of room to stretch your legs. The plush seats also recline up to 17 degrees. Rear passengers can also operate the panoramic sunroof while watching a video on screens mounted to the headrest.

Sporting the same engine as the Jaguar F-Type, the 5.0-liter supercharged 510 horsepower V8 gets you places fast. Going 0 to 60 miles per hour in 5.5 seconds, it smoothly accelerates thanks to a well-engineered 8-speed automatic transmission.

Snazzy 21-inch alloy wheels complement the Range Rover's distinctive front grille and sleek all-aluminum exterior.

The Rover has great safety features like side view mirrors with blind spot monitors and adaptive cruise control to keep the car collision free. The cruise control slows the vehicle down automatically to keep it from gaining on the car in front of you. Radar built-in to the rear bumper saves you from hitting objects and people in reverse.

The automatic terrain response system adjusts the suspension to match the speed and terrain. It handles so well in turns that you may forget you are in a top-heavy SUV that can roll over if you are careless. Speaking of things that can go wrong in a SUV, Land Rover even boasts that this vehicle can wade in 35.4 inches of water should it get caught in a flood.

The automatic parallel parking feature will blow your socks off. Push to activate the parking mode and it instructs you to drive until it sees an opening it can fit in. Once it sees a worthy spot, it instructs you to stop and put the car in reverse – then keep your hands off the wheel and watch as the car parks itself with finesse. Your only job, other than changing gears and touching the gas pedal, is to make sure the spot is legal.

This car is packed with features including a built-in 8-inch touchscreen GPS and a Meridian sound system which pumps out 825 watts.

The only caveat besides the massive price tag is the need for premium unleaded and lots of it. At 14 mpg in the city, you will be making plenty of fuel stops. But if you can afford a $121,390 car, you can probably afford to pay for the fuel.


22.26 | 0 komentar | Read More

Feds award $20M grant to upgrade Ruggles T station

Local and federal officials gathered in front of the Ruggles MBTA station yesterday to announce a $20 million federal grant that will help fund the construction of a new 800-foot commuter rail platform and a host of other improvements at the 27-year-old Roxbury transit facility.

"The vision set forth by President Obama for the TIGER grant program called for smart investment in transportation that will lead to expanded growth and opportunity," Gov. Deval Patrick said. "The improvements that will be made to Ruggles encapsulate that vision — shortening commutes, increasing transit access and catalyzing growth for this neighborhood and the city."

In addition to the new 9,600-square-foot rail platform, the project calls for replacing existing elevators, making the station fully accessible to riders with disabilities and restoring rail tracks at the station, which is served by 14 MBTA bus routes, seven private bus shuttles and Orange Line and commuter rail trains.

After completing the project's design work next spring, the MBTA will solicit bids from contractors and the two-year construction period is expected to begin in the fall of 2015, MBTA officials said.

"Transportation infrastructure is what gives us the opportunity for people to get to their jobs, for people to get to an education, for people to live in one place and get to another and keep a strong, vital city operating," U.S. Sen. Elizabeth Warren said.

After the construction of the new platform more commuter rail trains will be able to stop at Ruggles, making the station a more convenient alternative for thousands of people traveling to and from the Columbus Avenue/Lower Roxbury corridor, U.S. Secretary of Transportation Anthony Foxx said.

Patrick said the project is a critical element in MassDOT's statewide goal of tripling the share of non-auto-based travel in Massachusetts by 2030.


22.26 | 0 komentar | Read More

Will Apple's digital wallet kill the card swipe?

NEW YORK — Apple wants the plastic credit card to become as rare as the paper check.

On Tuesday, the company announced Apple Pay, a digital payment system that lets people pay for retail store purchases using their phones rather than cash or credit cards. The service, which will work both with iPhones and Apple's new Watch, is backed by a host of big retailers, along with most major banks and credit card issuers, including Visa, MasterCard and American Express.

So-called contactless payment isn't new. Starbucks, McDonald's, PayPal, Google and Square offer their own services, but only a small portion of customers use them. Some experts believe Apple Pay —with its presence on millions of iPhones and its advanced security features— could be the service that leads to widespread adoption of the digital wallet.

Citi Investment Research analyst Mark May believes the sum total of mobile payments could grow from $1 billion in 2013 to $58.4 billion by 2017.

Payment digitization paints an enticing vision of shopping's future: simply tap your device against a checkout screen and walk away with your new shoes.

But despite the flashy Apple Pay launch, Apple faces challenges making that vision a reality. The company and other digital wallet providers must convince shoppers that the transactions are safe —especially in the wake of recent high-profile data breaches at Home Depot and Target. Meanwhile, the company must also make a case to retailers that it's worth it for them to invest in new point-of-sale systems.

Many U.S. merchants still aren't sold on the idea. About 220,000 stores are set up to accept Apple Pay. That's only 5.5 percent of the 3.6 million retail locations in the U.S., according to the National Retail Federation. The biggest U.S. retailers, including Wal-Mart and Best Buy, are not participating in Apple Pay.

The main reason is cost. Each point-of-sale device, which uses something called near-field communication technology, costs hundreds of dollars, plus hours of worker training. And there's been little customer demand for the systems.

That may change now that Apple has entered the arena, says Gartner analyst Avivah Litan.

"There's no doubt young people want to use phones to make payments, but they have to have a place to pay," says Litan. She predicts bigger retailers will see how well Apple partners like McDonald's do before they move into mobile payments.

"If it goes well at other retailers, Wal-Mart and other companies may break down and start taking it," Litan says.

In countries such as Canada and the U.K., contactless point-of-sale systems are widespread, and as a result, such payments are far more common. In Canada, for instance, about 20 percent of transactions at registers processed by MasterCard are completed by contactless payment, according to MasterCard.

"What you learn from that is when consumers start 'tapping' two or three times, they never go back to their old behavior at that merchant. ... It's just a much better experience," says Ed McLaughlin, chief emerging payments officer at MasterCard.

One of the strengths of Apple Pay is its security. Its system uses the company's Touch ID fingerprint technology, a secure chip, and payments that require a one-time security code.

That kind of security — similar to the chip-and-pin credit card system used in Europe — would prevent the type of breaches that happened at Target and Home Depot. And it could be a compelling reason for retailers to adopt Apple Pay, Litan says.

"If you get enough people using the service, it would cut down on retailers' security costs, and that's why over time it may really take off," she says.

Still, not everyone is convinced that swiping a credit or debit card is that much of an inconvenience in the first place. Bill Ready, head of next generation commerce at PayPal, points out that near-field communication has been around for 10 years without catching on. His vision of the mobile payment future is more akin to an "e-commerce style transaction happening in the physical world," he says, citing the example of car-sharing service Uber, which works with PayPal to processes riders' payments by way of a mobile phone app.

"Uber addressed a real pain point, in that hailing a taxi and payment for a taxi is cumbersome," he says. "We're focused on those types of things more than killing the card swipe."

Even amid the differing visions, most experts agree that the march toward the digitization of payment will continue.

"Someone is going to figure out how to make mobile payments easy and cheap and then we're talking a real shift in consumer behavior," says Gartner's Litan.


22.26 | 0 komentar | Read More

Market Basket chief reflects, looks ahead

Written By Unknown on Jumat, 12 September 2014 | 22.26

TEWKSBURY — The chief of the Market Basket supermarket chain says the company's 71 stores have already accomplished a remarkable turnaround thanks to employees who worked day and night to restock shelves left empty by a worker revolt in his support.

Arthur T. Demoulas is back in control after offering more than $1.5 billion to buy shares of the private company from rival relatives who had fired him.

His ouster led to worker walkouts and customer boycotts that brought the chain to a standstill.

He tells The Boston Globe sales are already at 100 percent of where they were last year.

And while new debt might slow expansion, it will not change the discount pricing that's won loyalty from customers in Massachusetts, New Hampshire and Maine.

He says he's "happy just being a grocer."


22.26 | 0 komentar | Read More

Sponsors keep close watch on NFL investigation

Major brand sponsors are watching closely to make sure the National Football League doesn't fumble the investigation into how its executives handled evidence in the Ray Rice domestic violence case.

For big companies like Anheuser-Busch, General Motors and Procter & Gamble, an NFL sponsorship is a coveted prize. The deals can cost up to $10 million per brand, but they deliver eyeballs. An average of 17.4 million viewers watched professional football games during the 2013 season, according to Nielsen.

Now that the NFL is investigating how its executives handled a video showing Baltimore running back Ray Rice hitting his then-fiancee, sponsors are forced to balance the exposure NFL games offer with the risk of alienating customers.

On Wednesday, the NFL said it hired former FBI Director Robert S. Mueller to lead the investigation. League Commissioner Roger Goodell previously said no one at the NFL had seen the video before it surfaced on Monday, but the AP reported Wednesday that a law enforcement official sent the tape to the organization in April.

With the investigation just beginning, experts say there is little else sponsors can do but wait and see.

"These situations often develop and change direction very rapidly, so sponsors need to be incredibly agile," said Allen Adamson, managing director of branding firm Landor Associates. "What's true right now may not be true in two hours, so (sponsors) will have to monitor how the NFL reacts, and then how consumers react to the reactions."

When a scandal hits an individual athlete, brands usually move swiftly to cut ties. Nike severed its relationship with Rice after the video surfaced. Video game maker Electronic Arts said it would scrub Rice's image from its latest Madden 15 release.

But no sponsor company has said it will end its relationship with the NFL — yet.

"Obviously all the sponsors are incredibly worried, but it's hard for a sponsor to disconnect from the entire NFL. It's so important to business," said Atlanta-based marketing consultant Laura Ries. "If Roger Goodell had any sponsors, he'd probably lose those, but there's no one person attached to this."

TD Ameritrade said the company has received little reaction from clients about its NFL sponsorship, which it just announced last week.

"This incident brings to light a disturbing act that we believe is wrong, and while the NFL has, admittedly, not done everything right, we hope that it will quickly learn from its mistakes and work to improve a culture that values the inclusion, safety and respect of its employees and their families," the company said in a statement. "This means holding people fully accountable for their actions and the consequences associated with them."

TD Ameritrade and the NFL announced a three-year sponsorship deal on Sept. 4. The online brokerage said it is not making changes but added that "as with any sponsorship, media buy, etc., we carefully monitor the effect it has on our business and brand, and if we feel those assets are being compromised, we'll make the appropriate decisions."

General Motors, a sponsor since 2001, has no plans to change its advertising on NFL games because of the Rice case, said spokeswoman Ryndee Carney.

Carney said she was not aware of the company receiving complaints about its football advertising. GM said it supports the NFL's decision to conduct an investigation. "We will continue to monitor future developments regarding this issue," Carney said.

FedEx also said it is monitoring the situation.

"We are watching developments in this matter closely and we are confident that the League will take the appropriate steps," said Patrick Fitzgerald, senior vice president of marketing and communications at FedEx.

PepsiCo said it was encouraged to see that the NFL "is now treating this with the seriousness it deserves."

Other large NFL sponsors, such as Anheuser-Busch and Procter & Gamble, did not respond to requests to comment or declined to comment.

For now, analysts don't expect a big change in viewership during NFL games.

"Games will go on and fans will — for the most part — want to watch," Ries said.


22.26 | 0 komentar | Read More

CBS Thursday NFL team tries punting on Ray Rice story

Pity CBS Sports. The network got all dressed up to attend a football game, and a genuine news story broke out.

The controversy surrounding the National Football League's handling of Ray Rice - who was disciplined lightly, then disciplined again, for domestic abuse - intruded on plans to launch the hard-won Thursday football package, even forcing a last-minute change to the program's opening. Yet CBS host James Brown introduced the show almost treating the Rice affair as an inconvenience, noting, "There is a football game to be played," before turning to analysts Bill Cowher and Deion Sanders to ask how they would prepare for such a contest.

"They need to put all the mess aside and focus on this game at hand," said Sanders, suggesting that pros were paid to overlook "distractions."

"It's time to focus on football," play-by-play man Jim Nantz said, alluding to the Rice "crisis" -- as analyst Phil Simms put it -- and then quickly changing the subject. (Nantz was later heard on a hot mic, but, as usual, had nothing interesting to say even then.)

Always good to see where a studio show's priorities are.

CBS Sports President Sean McManus might have spoken about the division's journalistic responsibilities on Thursday, but those were on holiday during the 25-minute pre-game show. Indeed, by any measure, this was an abdication on that level.

For CBS, the swirl of publicity and pressure to cover the Rice situation - and calls for NFL Commissioner Roger Goodell's resignation - threw a wet blanket, in theory, over the Thursday launch, a cornerstone of its fall TV campaign. The game fell even more directly under the spotlight because it pitted what was until this week Rice's team, the Baltimore Ravens, against the Pittsburgh Steelers.

Goodell had already conducted an interview -- with CBS News' Norah O'Donnell, naturally -- about the disturbing inside-the-elevator video that surfaced this week via TMZ, but that only fed the "What did you know, and when did you know it?" questions. Not that a casual observer would know any of that from tuning in on Thursday night.

Still, as was noted in this space a few days ago, NFL fans are seldom distracted for long by scandals. And while all the negative publicity besetting the NFL is surely unwelcome, team owners no doubt have a pretty clear sense of just how bullet-proof their product is, if the unbending loyalty of viewers through past embarrassments -- and friendly treatment from their "broadcast partners" -- provides any historical guide.

So CBS found itself in a damned-if-you-do, damned-if-you-don't position on Thursday night -- and conspicuously chose the latter. But like most things pertaining to football, one suspects everything will look a whole lot brighter when they see those big, fat overnight ratings in the morning.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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AT&T eyes late 2015 to launch DirecTV, high-speed wireless broadband bundle

AT&T plans to bundle pay-TV service from DirecTV with wireless broadband -- delivering speeds of 50 megabits per second or more over dedicated spectrum -- in rural areas, with the telco looking at launching the combo service in late 2015, said Ralph de la Vega, president and CEO of the telco's mobility division.

"We think the video opportunity is huge," de la Vega said, speaking at Goldman Sachs' Communacopia conference Friday. "We see a very bright outlook (for pay TV)... that's why we did the DirecTV deal."

AT&T has technology "ready to go" deliver high-speed wireless Internet service that's faster than LTE, because it is delivered a dedicated swath of spectrum. The strategy is that AT&T will be able to deliver one dish at a customer's home that will provide both TV and broadband, de la Vega said.

Timing of the launch will depend on when the DirecTV deal closes, de la Vega added. AT&T's proposed $67 billion takeover of DirecTV is pending review by the FCC and other regulators.

Meanwhile, AT&T on Friday morning began taking orders for Apple's recently unveiled iPhone 6, and de la Vega said demand for the new smartphone is outpacing sales of new iPhones last year and 2012.

"It's a great thing to know you have hundreds of thousands of orders in the hopper before you've had a cup of coffee," he said.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC
22.26 | 0 komentar | Read More

New Bedford to be Cape Wind staging area

NEW BEDFORD — The developers of a proposed wind farm off the coast of Cape Cod have signed a lease agreement with the state to use New Bedford for staging and construction of the 130 turbine project.

Cape Wind is expected to officially announce the news at 11 a.m. Friday with Gov. Deval Patrick at the Massachusetts Clean Energy Center's Wind Technology Testing Center in Boston.

Patrick tells The Standard-Times that "Cape Wind is going to be built out of New Bedford, not Rhode Island, that's the bottom line."

Cape Wind had previously signed lease options with both South Terminal, now formally called the Massachusetts Marine Commerce Terminal, and Rhode Island's Quonset Point.

The two-year lease is for $4.5 million.

When built, it will be the nation's first offshore wind farm.


22.26 | 0 komentar | Read More

US stocks open lower, led by drop in energy stocks

Written By Unknown on Kamis, 11 September 2014 | 22.26

NEW YORK — U.S. stocks opened lower Thursday, led by a decline in energy stocks as the price of oil continue to slide. Oil has tumbled 13 percent in the last three months as supplies have remained ample despite geopolitical tension.

KEEPING SCORE: The Standard & Poor's 500 index fell five points, or 0.3 percent, to 1,989 as of 9:54 a.m. Eastern. The Dow Jones industrial average dropped 59 points, or 0.4 percent, to 71,008. The Nasdaq composite fell 15 points, or 0.3 percent, to 4,571.

OIL SLIDE: Benchmark U.S. crude for October delivery was down 89 cents, or 1 percent, to $90.79 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $1.08 on Wednesday and has fallen for five of the past six trading sessions. Crude prices fell Wednesday after the Organization for Petroleum Exporting Countries revised down its growth forecasts for global crude oil demand in a monthly report.

JOBS PICTURE: In the U.S., more people sought U.S. unemployment benefits last week, though the trend in benefit applications in the past month remained low. Applications are a proxy for layoffs. The four-week average fell to an eight-year low of 293,750 last month. Generally, fewer applications indicate employers are holding onto their staffs.

SHEER RISE: Lululemon surged $4.54, or 12 percent, to $43.16 after the trouble yoga-gear retailer reported earnings that beat analysts' expectations and raised its full-year forecasts.

IN EUROPE: By early afternoon in Europe, Britain's FTSE 100 was down 0.6 percent to 6,791 while France's CAC 40 dropped by the same rate to 4,426. Germany's DAX shed 0.5 percent to 9,653.

RUSSIA FACTOR: European markets were weighed down by news that the European Union has decided to go ahead with a new round of sanctions against Russia. The penalties will take effect Friday and curb access to European financial markets for more Russian firms and banks. They also limit exports of some high-end technology and places travel and asset friezes on a list of individuals. Investors worry that stronger sanctions will hurt the economies and trade relations of Russia and Europe.

CHINA INFLATION: Stocks in mainland China gained ground earlier in the day after the country's monthly consumer price index showed a lower inflation rate. Consumer prices rose 2 percent last month from over a year earlier, compared with a 2.3 percent rise in July. Subdued inflation suggests the domestic economy is muted but also gives policymakers headroom to maintain easy access to credit and possibly introduce new stimulus measures.

CURRENCIES: The dollar rose to 106.92 yen from 106.82 yen late Wednesday. The euro rose to $1.2934 from $1.2921.

BONDS: The yield on the 10-year Treasury note dropped to 2.53 percent from 2.54 percent on Wednesday.


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Time Warner CEO Jeff Bewkes: Fox deal just didn't make sense

Time Warner chairman and CEO Jeff Bewkes said the company carefully evaluated the $80 billion bid from Rupert Murdoch's 21st Century Fox before concluding that "we just didn't think it make sense" given Time Warner's potential growth trajectory.

"We do think there was a fair amount of risk in taking on that size of combination," said Bewkes, speaking at Goldman Sachs' Communacopia conference Wednesday in New York. He said that Time Warner, on its own, will be be able to deliver "very attractive" earnings-per-share growth "as we have done for the last six years."

Fox in June made an unsolicited overture for Time Warner -- whose board rejected the offer -- and then 21st Century Fox last month said it was withdrawing the bid.

The combination of Fox and Time Warner would have created a media powerhouse, with annual revenue of about $65 billion. The proposed deal would have brought together assets including movie studios 20th Century Fox and Warner Bros. and a portfolio of top cable networks, including Fox News, FX, HBO, TNT and TBS, as well as Fox Broadcasting and its sports networks, as well as each company's international businesses.

Asked about whether Time Warner would ever launch HBO direct-to-consumer -- in a way that would compete directly with Netflix -- Bewkes reiterated that the media conglom constantly reviews the opportunity about doing that.

"We don't want to do anything that is not done at a very high quality," he said.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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CBS presses for new revenue for content as TV advertising appears in flux

As Madison Avenue's support for traditional TV advertising appears to shift, CBS Corp. is likely to seek ways to maximize payments for the big-audience programs it creates from other content purveyors, the company's chief executive suggested Wednesday in a talk with investors.

CBS Corp. chief executive Leslie Moonves described a market in which demand for top-tier programming is robust, a dynamic likely to fuel the revenue his company can secure from cable networks, streaming-video distributors, TV stations and international media outlets eager to woo big viewing audiences. At the same time, he noted, advertisers appear to be placing more emphasis on digital media. That would imply the company's flagship broadcast network must work harder for the ad dollars it secures each year.

He made his remarks Wednesday at an investor conference organized by Goldman Sachs.

CBS saw the volume of advance advertising commitments placed during the recent upfront market fall by 4% to 5%, Moonves estimated, though the company was pleased with the pricing it was able to establish for its fall lineup. In last year's market, CBS secured approximately $2.5 billion and $2.75 billion in advance commitments in 2013, according to Variety estimates. CBS sold approximately 74% to 75% of its advertising inventory, compared with a more typical 79%, Moonves said, which means the network will have to press harder to sell so-called scatter advertising, or ad inventory sold closer to air date.

Moonves predicted advertisers would always stick with a broad-based venue like CBS, though they may pull some support for niche cable outlets over time. CBS expects to add advertising revenue in the future by doing deals that call for payment for viewers who watch programming on a time-delayed basis. The company is also working to create chances to insert relevant advertising digitally into programming that is viewed or streamed days or even weeks after its original broadcast.

In the meantime, CBS is pursuing aggressively the chance to gain revenue for the content it produces from a host of players who were not at large only a matter of a few years ago. Just a few years ago, he said, "there was no Netflix, no Amazon. Retrans was just beginning. The international marketplace wasn't nearly as vibrant as it is today. Looking forward, you look at the potential for a Sony" or other operator to get involved in digital distribution - "all of whom are going to need our content." Every time one of the new players opens "a new market for their product, we are always part of it," he said.

As an example, Moonves cited programs such as "The Good Wife" and "Blue Bloods," both of which were sold to a streaming-video player as well as more traditional outlets, like cable networks or broadcasters.

Separately, the CBS executive said his company was open to the idea of making premium-cable outlet Showtime available via streaming to people who did not already subscribe to a cable or satellite distributor. "Is there some time in the future that could happen? Absolutely," he said.

He also indicate that Tribune, the company that recently spun off its newspaper assets and is led by former Fox executive Peter Liguori, was seeking more of a say in the operations of the CW. Tribune's stations are one of the biggest distribution vehicles for the network, which is owned jointly by CBS and Time Warner. Liguori "would like to participate and he has some good ideas. He's part of our team," said Moonves. "Will there be some changes in how CW is structured going forward? I don't know, but Tribune is an important part of our future."

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Why Ray Rice media blitz won't throw NFL for a loss

The National Football League has endured several days of terrible publicity, stemming from its serialized mishandling of the domestic violence case involving Baltimore Ravens running back Ray Rice. Yet those in media circles wondering about what sort of lingering damage this might do to what is by far the U.S.'s most popular and profitable sport are poor students of history.

As Variety's David Cohen details in a timely look at the NFL's powerful hold on TV networks, the league is such a cash-generating dynamo broadcasters have tripped over themselves throwing money at it. And the Rice situation hardly represents the first blot on pro football's reputation, with past transgressions - such as Michael Vick's role in a dog-fighting ring - having done nothing to diminish its appeal.

Rice's case has involved several story lines, all of them bad for the NFL. They range from a male-dominated league that doesn't recognize the seriousness of domestic abuse to another instance of these institutions protecting stars above all else.

Even so, that seems less fundamentally threatening to pro football than the recent scandal that should have shaken the NFL's stranglehold on the sports/media landscape: The league's apparent indifference to the destructive effect playing football has had on the health of players. "Fundamentally," by the way, because the longterm consequences associated with playing are directly related to what happens on the field, as opposed to the shadow cast by bad behavior away from it.

Yet the NFL machine rolls on, and its influence over football's "media partners" is such that ESPN rather conspicuously backed out of its role in presenting "League of Denial: The NFL's Concussion Crisis," a documentary aired on PBS' "Frontline" last year, which compared football's hierarchy to Big Tobacco in the 1960s.

Just prior to that broadcast, the NFL agreed to a $765-million settlement with former players claiming brain damage as a consequence of their collision-filled careers. Still, if the thought of one-time gridiron heroes being permanently impaired, crippled or committing suicide has dampened the viewing experience for fans, it's certainly not evident in the record ratings early-season games have delivered.

To be fair, ESPN - which has often struggled with stories relating to wider societal issues - has exhibited more backbone this time around, with host Keith Olbermann particularly forceful in calling for NFL Commissioner Roger Goodell's resignation. That's notable, if only because of the network's track record kowtowing to the league, including its decision to cancel the football-themed drama "Playmakers" a decade ago.

Olbermann was back pounding the drums Tuesday, hammering the NFL for the "imbecility" of its investigation, if Goodell wasn't outright lying about not having seen the video.

Just to put these observations in context, I say this as a football fan (more college than the pros) that enjoys seeing a good clean hit, even though -- based on the neurological research -- I wouldn't necessarily want a son of mine on the receiving end of one.

Therein lies a small taste of the hypocrisy that has made the NFL's unimpeded gravy train possible. Because while the media love a good controversy and compelling video - a big reason why the Rice story topped newscasts throughout the day Tuesday - history shows committed fans generally don't want to be bothered for long by conversations that distract from won-loss records.

Viewed that way, the marathon coverage and legitimate indignation unleashed by TMZ's inside-the-elevator footage of Rice's brutal assault began to feel like an excuse for cable news to run those grainy, disturbing images - over and over again. Because although it's true the story has "crossed over to major non-sports news," as MSNBC's Rachel Maddow put it, none of that promises to produce the kind of backlash team owners would feel the most, which is in their wallets.

So while there's an old joke about denial not being a river in Egypt, when it comes to pro football, denial isn't just a mental condition exhibited by the league, but its fans as well.

Until that changes - and don't hold your breath - all the bad publicity in the world won't be enough to throw the NFL for a loss.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Applications for US unemployment rise to 315K

WASHINGTON — More people sought U.S. unemployment benefits last week, though the trend in benefit applications in the past month remained low.

The Labor Department says that weekly applications for unemployment aid rose 11,000 to a seasonally adjusted 315,000, the most since late June. Still, the four-week average of applications, a less volatile measure, rose just 750 to 304,000. The average is 7.1 percent lower than it was a year ago.

Applications are a proxy for layoffs. The four-week average fell to an eight-year low of 293,750 last month. Generally, fewer applications indicate employers are holding onto their staffs.

The data covers the week ended Sept. 6, which included the Labor Day holiday. Unemployment benefits data can be more volatile around holidays. As a result, the modest increase is unlikely to raise alarms about the health of the job market.

"This is nothing to worry about," said Ian Shepherdson, chief economist at Pantheon Macroeconomics. "The seasonal adjustment is tricky in the week of the Labor Day holiday. Next week should see a clear drop."

The last time applications touched 315,000, in late June, employers were adding more than 200,000 jobs a month.

Still, the rise in applications comes after employers added just 142,000 jobs in August, the fewest in eight months. The unemployment rate fell to 6.1 percent from 6.2 percent, but only because some of those out of work gave up looking for jobs. The government doesn't count people as unemployed unless they are actively searching.

Other recent data indicates that the August hiring dip may be temporary. The number of open jobs remained near a 13-year high in July, a government report Tuesday showed. That points to healthier hiring. Employers also filled more of their open jobs in July.

Despite a sluggish August, hiring has picked up this year. The economy has generated an average of 215,000 jobs a month so far in 2014, up from 194,000 in 2013.

Still, the added hiring has yet to lift most Americans' paychecks. Wage growth has barely outpaced inflation since the recession ended more than five years ago.


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Viacom inks pact with Sony for Internet TV service

Written By Unknown on Rabu, 10 September 2014 | 22.26

Viacom officially announced a deal with Sony to license live and on-demand programming for at least 22 cable networks, including Nickelodeon, MTV and Comedy Central, for Sony's forthcoming over-the-top TV service in the U.S.

The announcement comes a year after word of a tentative pact between the two first leaked out. Sony said its cloud-based TV service will offer subscribers Internet-based live TV and video on demand from Viacom -- as well as other unspecified programmers.

Dish Network also is assembling a low-priced OTT television service, delivered over the Internet to multiple devices. The satcaster has announced deals for the service with Disney and A+E Networks. Dish chairman Charlie Ergen has said the company has a "critical mass" of programming deals and expects to debut the Internet TV offering by the end of 2014.

Sony previously has said it would begin testing the OTT TV service delivered to PlayStation consoles and other Sony devices sometime in 2014.

For Viacom, the agreement with Sony marks the media conglom's first deal to provide its networks for an Internet-based live TV and VOD service. Specific terms of the pact were not disclosed.

"Viacom always strives to create transformational opportunities that combine consumer value and technological innovation," Viacom president and CEO Philippe Dauman said in a statement. "Given our young, tech-savvy audiences, our networks are essential for any new distribution platform, and we're excited to be among the many programmers that will help power Sony's new service and advance a new era for television."

For now, neither Sony nor Dish have revealed specific pricing, availability or the full content lineup for their respective services. In announcing the Viacom deal, Sony said it will provide more details about the service "in the near future."

"Our new cloud-based TV service will combine the live TV content people love most about cable with the dynamic experience they have come to expect from our network," said Andrew House, group executive for Sony's Network Entertainment Business. "Viacom's award-winning networks are a perfect match for our new service, ensuring that our customers will be able to access the shows they love on their favorite devices, when and how they choose."

According to Sony, there are currently more than 75 million Internet-enabled Sony devices in U.S. households.

At least 22 Viacom linear networks will be on Sony's OTT service at launch, including: BET, CMT, Comedy Central, MTV, MTV2, Nickelodeon, Nick Jr., Nicktoons, Spike, TV Land and VH1, BET Gospel, Centric, Logo, CMT Pure Country, MTV Hits, MTV James, mtvU, Palladia, TeenNick, Vh1 Classic and Vh1 Soul. All the networks will be available in HD.

Sony also has rights to Viacom's full VOD package -- the same bundle it distributes through current cable, satellite and telco TV partners.

In addition, Viacom's deal with Sony encompasses authenticated access to hundreds of hours of programming on the media company's TV Everywhere websites and apps. Currently, Viacom has released TV Everywhere apps for Nickelodeon, MTV, Comedy Central, BET, VH1, CMT and Logo.

Related stories

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC

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Discovery's Zaslav: Sluggish summer TV ratings could affect quarter

Summer ratings were "a little bit soft" at some of the bigger networks owned by Discovery Communications, according to David Zaslav, chief executive of the Silver Spring, Md., owner of Discovery Channel and TLC.

"Our challenge was that in July and August, we were a little soft on ratings," Zaslav said, speaking to investors at a conference organized by Goldman Sachs. "We were coming up against tough comparables." The company's networks were up about 12% this year in terms of ratings, Zaslav said, and " so, up against that 12%, we were a little bit soft."

The executive said various networks - he cited TLC and OWN - were turning in better performance in September, but suggested the July and August results might dampen ratings performance for the company's current quarter. When asked if Discovery overall would be able to maintain what has typically been mid-single-digit percentage ratings growth for the quarter, he responded, "I think we were definitely hurt by the fact that we were slow on our big networks."

The chief executive said advertising seemed to be pacing well, despite the fact that most TV networks experienced a soft "upfront" market, when they try to sell the bulk of their advertising inventory in advance. "The summer months of July and August , really, the advertising market was fine," he said. "We just didn't have enough ratings points to take advantage of it, or we could have overperformed."

Zaslav said Discovery would "take a bet" that demand for so-called "scatter" advertising, or ad inventory sold closer to air date, would offset what ad buyers have described as an upfront market that came with smaller price increases for ad time than in years past. Discovery sold about 49% to 50% of its ad inventory in the upfront, he estimated, compared with as much as 54% in markets when demand is more robust.

Separately, Zaslav said Discovery was moving deliberately when it came to decisions about whether to make much of its content available on subscription-based video-streaming services such as Netflix or Amazon. At present, the company derives "less than one-half of one percent" of its revenue from subscription-based video on demand, he said, and "we feel we should only do that [kind of] deal if we get significant value" for programming. He acknowledged that Discovery's non-fiction and reality-based programming was not as glitzy as something like the celebrated Netflix program "Orange Is The New Black," but said the company's offerings had significant "quality" that was worth a good price.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC

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Dollar General goes hostile in bid for rival

Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers.

The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash. That offer was rejected last week by the company's board, which has already accepted a deal with another discounter, Dollar Tree.

Family Dollar, based in Matthews, North Carolina, has voiced concerns about Dollar General's deal passing antitrust review. In response, Dollar General has said that it is willing to divest up to 1,500 stores if the Federal Trade Commission requires it. The company also is offering to pay a $500 million reverse breakup fee if antitrust hurdles get in the way.

Dollar General's offer makes for a compelling financial argument, Sterne Agee analyst Chuck Grom wrote. He expects the Goodlettsville, Tennessee, company to ultimately win the dollar store war.

Family Dollar Stores Inc. has been exploring a sale amid considerable financial stress and it has shuttered some of its stores and cut prices in an attempt to increase foot traffic. In June, activist investor Carl Icahn urged the company to put itself up for sale.

Family Dollar accepted an $8.5 billion offer from Dollar Tree Inc. a month later. The competing bid includes $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for a total of $74.50 for each share held. Family Dollar has backed the bid, saying regulators are less likely to interfere.

There are more similarities, however, between Family Dollar and Dollar General, which stock their shelves with goods that sell for a range of prices. Everything sold at Dollar Tree costs a buck.

Appealing directly to Family Dollar shareholders, Dollar General Chairman and CEO Rick Dreiling said that a sale to his company would provide them with "immediate and certain liquidity for their shares."

"By taking this step, we are providing all Family Dollar shareholders a voice in this process, and we urge them to tender into our offer," Dreiling said in a news release.

Dollar General's offer expires Oct. 8. The latest bid, which was raised from $78.50 per share initially, represents a premium of nearly 32 percent for Family Dollar stock on the day before the Dollar Tree deal was announced in July.

Family Dollar shares slipped four cents to $78.66 in Wednesday morning trading. The stock hit a record high of $80.97 earlier this month.


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Review: Apple Watch looks to be another winner

CUPERTINO, Calif. — As computerized wristwatches go, the upcoming Apple Watch looks impressive.

I like that it will come in two sizes, so the watch won't feel giant on smaller hands, as some competing watches do.

I also like that Apple will offer a variety of straps and materials, so fitness buffs can get a strap that's stronger and sweat-proof, while those seeking a fashion accessory can opt for an 18-karat gold edition.

Beyond looks, it's great that the Apple Watch isn't simply adopting the smartphone way of doing things. The operating system, Watch OS, was designed specifically for the watch, and its interface relies heavily on the dial to the right, known as the digital crown. Competing watches tend to emphasize the voice and touch controls found on phones.

Of course, it's premature to conclude that you need an Apple Watch. I had only about 45 minutes with the Apple Watch and other new products announced Tuesday. The watch I was allowed to try on was running in a demonstration mode. It'll take more time with the watch — beyond a controlled environment — to make a solid conclusion.

What I'm seeing so far, however, points to another winner for Apple.

The home screen has all your apps, arranged in rows like a honeycomb. You use the dial to zoom in and choose one. The touch screen lets you slide the honeycomb around to see different portions of your app collection. I find this easier than swiping on a small screen to scroll through pages and pages of apps. With the Apple Watch, you can even rearrange apps so that your favorite ones are toward the middle.

App developers will be able to decide what types of notifications appear on the watch and let you take actions such as replying to messages. That's an improvement over existing smartwatches, which largely replicate the notifications sent to your phone. To be compelling, the watch shouldn't duplicate your phone. It should enhance it. Apple seems to get it.

As for using the dial to zoom in and out, Apple says that improves usability because you're not blocking maps and other content on the screen the way pinching in and out would. That makes sense, though I'll need more time with the watch to assess how well the dial works on its own. With your home screen, for instance, you still need to slide apps around.

Another question mark is what kinds of apps will be available for it.

Apple announced a few useful ones, including the ability to unlock your Starwood hotel room with a tap of your watch. That's easier than pulling out your room key from your wallet. BMW also promises one to help you find your parked car in a crowded lot. If it works, that beats walking around in circles.

Apple does have a good track record in getting software developers to make good apps for its systems. Many apps come to iPhones and iPads first, and some have bonus features unavailable on Android. If that trend continues with the Apple Watch, I have no doubt customers will find more useful things to do with it than the smartwatches already out.

Apple Watch will require an iPhone 5 or later and will have a starting price tag of $349, higher than rival watches. Expect to pay even more for the 18-karat gold edition and other premium models. You'll also have to wait until early next year, as Apple won't have Apple Watch available in time for the holidays.

As for products and services that will be available sooner:

— IPHONE 6 and IPHONE 6 PLUS

Apple's new 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus are both larger than the current 4-inch models. They neutralize a key advantage Android phones have had: size.

And Apple managed to make its new phones thinner, with edges that are curved and fit nicely in the hands. Gone is the glass back, reducing the chances of breakage. The back will now be made of aluminum and feel more like an iPad.

To improve one-handed use, both new models will have a feature called reachability. With two light taps of the home screen button, the icons, controls and content on the top half of the screen snap to the bottom, so you can reach them with the same hand. Once you make your selection, everything snaps back to the top.

The iPhone 6 Plus also has new horizontal layouts to take advantage of the larger size.

Of course, apps have long worked either horizontally and vertically. On the Plus, horizontal viewing extends to the home screen, and apps will be able to arrange content in two columns.

When texting, for instance, contacts appear on the left and messages appear on the right. On smaller phones, including the regular iPhone 6, you get one or the other, not both side by side.

It's a small touch, but it shows that larger doesn't necessarily mean making everything bigger. Windows phones also make use of larger screens by squeezing in more content, but with Android phones, text and images just get blown up.

— MOBILE PAYMENTS

Few people use their phones to pay for goods and services at retail stores. That's because it's not difficult to pull out a plastic credit card, however insecure that technology might be. Apple is trying to change that with Apple Pay, which will come to the new iPhones in October and the upcoming Apple Watch when it's out.

Apple improves over existing systems in a few ways:

— Apple already has your credit card information from iTunes, so setting Apple Pay up with your first credit card is easy. To add additional cards, you can either enter the details or snap a photo.

In my brief tests, the phone grabbed my credit card numbers correctly, though I sometimes had to enter my name and expiration date myself because of poor lighting conditions. But grabbing those numbers is a good start, as I'm prone to make typos with 16-digit numbers otherwise.

— Apple uses the phone's fingerprint identification system to authorize purchases. Other wallet apps require passcodes, which can make mobile payments take longer than simply pulling out your credit card.

— Apple stores card information on a secure chip on your device, not on its servers. And it's not even your real card number. Rather, Apple verifies your card information with your bank and then stores an alternative card number.

That way, if a merchant's system gets hacked, only the alternative number is compromised, and that number would require one-time security codes available only with the physical possession of your phone.

— The system works with credit cards issued by a variety of banks, including all three of mine. A payment system called Softcard, formerly known as ISIS, doesn't support any of my three banks. Amazon's Fire phone has a wallet app, too, but it doesn't even do credit cards, which is surprising for a retailer. It works only with gift cards.

Apple Pay's usefulness will be limited until more merchants install the necessarily equipment, but many chains already do and more are coming.


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'Brooklyn Nine-Nine' star Terry Crews to voice Waze navigation app

Popular navigation application Waze has added its second celebrity voice option in the United States, tapping "Brooklyn Nine-Nine" actor Terry Crews as a guide.

The partnership leads up to the Fox comedy's season two premiere on September 28. Crews stars as Sgt. Terry Jeffords on the series, opposite Andy Samberg and Andre Braugher.

To ride along with Crews, Waze users can update the app on their mobile phone, select Settings, Sound, and "English (US) - Terry Crews" as their voice language for the GPS navigation. Waze previously partnered with Universal Pictures to add Kevin Hart to its navigation service ahead of last year's "Ride Along" premiere.

Waze boasts more than 50 million worldwide users and is available in more than 30 languages on iOS and Android platform.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC
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Complaint leads to probe of minivan stalling issue

Written By Unknown on Selasa, 09 September 2014 | 22.26

DETROIT — A man's complaint that his Chrysler minivan stalled unexpectedly after refueling has brought an inquiry from U.S. safety regulators.

The National Highway Traffic Safety Administration will look into the problem that could affect 160,000 Dodge Grand Caravan minivans from 2007 and other model years, the agency said in documents posted on its website Tuesday.

The agency says it will study how often the problem happens and whether it occurs in other similarly equipped minivans. The inquiry will determine if a formal investigation should be started. No crashes or injuries have been reported, according to the documents.

In his complaint, the man told the agency the van with 44,000 miles on it has begun stalling after the gas tank is completely filled. The van stalled on his wife while she was driving with children on a freeway, the complaint said. "The danger was that she was on a turn and the steering wheel became impossible for her to turn," the man wrote in his complaint. He cited eight complaints to NHTSA of similar problems from other drivers.

NHTSA does not identify people who file complaints.

Chrysler engineers will work with NHTSA on the probe, the company said in a statement Tuesday.


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4th US aid worker with Ebola arrives in hospital

ATLANTA — The fourth American aid worker sickened with the Ebola virus arrived Tuesday morning for treatment at Emory University Hospital, where two others have been successfully treated.

The ambulance carrying the patient arrived about 10:20 a.m. About an hour earlier, the specially equipped plane carrying the worker touched down at an air base just northwest of Atlanta.

The patient will be housed in a special isolation unit, hospital officials said. The patient's identity was not released, and the hospital released no additional details.

But the World Health Organization says a doctor who has been working in an Ebola treatment center in Sierra Leone has tested positive for the disease. It said the doctor was in stable condition Monday in Freetown and was being evacuated.

Last month, two U.S. aid workers who contracted Ebola in Liberia, Dr. Kent Brantly and Nancy Writebol, were treated successfully at Emory. Compared to the commotion of their arrivals, the scene Tuesday at the hospital was calm.

Another worker, Dr. Rick Sacra, 51, is being treated at the Nebraska Medical Center in Omaha. In Omaha, Sacra's family members said he was able to eat breakfast Monday for the first time since arriving Friday at the Nebraska hospital.

The doctor from Worcester, Massachusetts, remains in stable condition. His wife, Debbie, said that Sacra is more alert and that they had a half-hour conversation by video conference Sunday.

"He hasn't been able to eat much since he got here, but he had some toast and applesauce," Debbie Sacra said. "He also tolerated the research drug well — better than he had the previous doses he was given."

Sacra is being treated with an experimental drug that is different than Zmapp, the one given to Brantly and Writebol. Sacra's doctors have refused to name the drug they are using, but they say they've been consulting with experts on Ebola on his treatment. Zmapp also is experimental, and doctors and experts have said it's impossible to know whether the drug helped their recovery.

Sacra went to Omaha instead of Atlanta because federal officials asked the medical center to treat him in order to prepare other isolation units to take more Ebola patients if needed.

The Ebola outbreak sweeping West Africa has killed more than 2,000 people and has taken a particularly high toll on health care workers.


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Fox host: We're not taking domestic abuse lightly

Photo by: 

The Associated Press

In this May 1, 2014, file photo, Baltimore Ravens football player Ray Rice holds hands with his wife, Janay Palmer, as they arrive at Atlantic County Criminal Courthouse in Mays Landing, N.J. Banter by two "Fox & Friends" hosts about video showing Rice hitting his then future wife is under fire. The hosts, Brian Kilmeade and Steve Doocey, made their on-air comments Monday, Sept. 8, 2014, while discussing newly released elevator video showing Rice hitting Janay Palmer in February. (AP Photo/Mel Evans, File)


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Trump casinos file Ch. 11, threaten Taj closure

ATLANTIC CITY, N.J. — Trump Entertainment Resorts filed for bankruptcy Tuesday and threatened to shut down the Taj Mahal Casino Resort, which would make it the fifth Atlantic City casino to close this year.

The company owns Trump Plaza, which is closing in a week, and the Taj Mahal, which has been experiencing cash-flow problems and had been trying to stave off a default with its lenders. The company said the Taj Mahal could close Nov. 13 if it doesn't win salary concessions from union workers.

It's the fourth such filing for the struggling casino company or its corporate predecessors.

The company filed in U.S. Bankruptcy Court in Wilmington, Delaware, saying it has liabilities of between $100 million and $500 million, and assets of no more than $50,000. It missed its quarterly tax payment due last month, and says it doesn't have the cash to make an interest payment to lenders due at the end of the month.

It also says both its Internet gambling partners have taken steps to end their contracts with Trump Entertainment.

It said cost-cutting negotiations with the main casino workers' union have stalled, and that the company is preparing notices warning employees the Taj Mahal may close on Nov. 13.

"Absent expense reductions, particularly concessions from their unions, the debtors expect that the Taj Mahal will close on or shortly after November 13, 2014 and that all operating units will be terminated between November 13, 2014 and November 27, 2014," the company wrote in its bankruptcy filing.

If the company makes good on its threat to close the Taj Mahal, it would further rock and already shell-shocked casino market in what just a few years ago was the nation's second-largest gambling market after Nevada. Now, New Jersey has fallen behind Pennsylvania.

Three other Atlantic City casinos have closed this year, as the industry struggles with competition in nearby states. Atlantic City began the year with 12 casinos, but could end it with seven if the Taj Mahal closes. So far this year, the Atlantic Club, Showboat and Revel have gone out of business, with Trump Plaza closing next Tuesday.

The bankruptcy filing came a day after Gov. Chris Christie's administration told the state's casinos and horse tracks that they can legally offer sports betting — a move that defies a federal ban on it and is sure to be challenged in court by the professional and amateur sports leagues which have fought it thus far.

Trump Entertainment has struggled since the day it emerged from its last bankruptcy in 2010, having filed the year before. It came out of bankruptcy with $350 million in debt, and currently has more than $285 million in debt.

As of the end of July, the company employed 2,800 people.

The company has been trying to reduce expenses and debt, including selling its former Trump Marina casino for $38 million to Landry's Inc., which now runs it as the Golden Nugget Atlantic City. It also sold the Steel Pier for $4.5 million; a warehouse for $1.9 million, and its former corporate offices in a converted firehouse for $3.1 million. That building now houses the Casino Reinvestment Development Authority.

It has been trying for years to sell Trump Plaza. A deal to sell it to a California firm for $20 million last year fell through.

The company also said it has been in negotiations with Local 54 of the Unite-HERE union on cost-cutting measures it says it needs to survive, but that the union has rejected them. Bob McDevitt, the union president, could not immediately be reached for comment.

The concessions would be on top of a separate $4 million round of union concessions the company won in 2011.

Donald Trump owns a 10 percent stake in the firm, but no longer controls it. He is suing the company to remove his name from the properties, which he says have fallen into disrepair and do not meet agreed-upon standards of quality and luxury.

If the Taj Mahal closes, Trump Entertainment would have no remaining properties and would presumably go out of business.

___

Wayne Parry can be reached at http://twitter.com/WayneParryAC


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US job openings near 13-year high, hiring rises

WASHINGTON — The number of U.S. job openings remained near the highest level in 13 years in July, and companies also stepped up hiring that month to the fastest pace in nearly seven years, two signs the job market is slowly healing.

The tally of available jobs ticked down 2,000 to 4.67 million in July, the Labor Department said Tuesday. The drop was led by a decline in government job postings. Businesses actually posted slightly more jobs.

Total hiring, meanwhile, jumped 81,000 to 4.87 million, the highest level since December 2007, when the recession began. That indicates companies are more likely to fill their open jobs.

The figures suggest the job market is still making progress, despite last week's mildly disappointing employment report. That report showed that employers added a net total of just 142,000 jobs in August, the fewest since December. The unemployment rate fell to 6.1 percent from 6.2 percent, but only because some of those out of work gave up looking. The government doesn't count people as unemployed unless they are actively searching.

Job openings fell in manufacturing and construction, while they rose in retail and hotels and restaurants.

Tuesday's figures come from the Job Openings and Labor Turnover survey, or JOLTS, which provides a more detailed look at the job market than the employment report. It reports figures for overall hiring, as well as the number of quits and layoffs. The monthly jobs figures are a net total of job gains or losses.

Job openings have soared 22 percent in the past 12 months, evidence that employers are confident enough in the economy to boost staffing. Research by economists at JPMorgan Chase has shown that a rise in openings is typically followed 1-2 months later by greater net job gains. Indeed, employers added more than 200,000 jobs a month for six straight months through July, the strongest such stretch in eight years.

But overall hiring, as measured by the JOLTS report, hasn't increased as fast as openings. Hiring is up just 8 percent in the past 12 months.

The gap suggests that some employers are having trouble finding workers with the skills they need. Or they may not be offering sufficient pay to attract the necessary applicants.

___

Contact Chris Rugaber on Twitter at http://Twitter.com/ChrisRugaber


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Electrolux to buy GE Appliances in $3.3B deal

Written By Unknown on Senin, 08 September 2014 | 22.27

STOCKHOLM — Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday.

The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool.

Electrolux shares rose 7 percent to 200.50 kronor ($28.27) in early trading in Stockholm.

GE confirmed last month it was in talks to sell its appliances division — maker of the first electric toaster more than 100 years ago — as part of its effort to focus on selling more complex and profitable industrial equipment.

Electrolux CEO Keith McLoughlin said the move, which needs regulatory approval and is expected to be completed in 2015, "takes our company to a new level in terms of global reach and market coverage."

Electrolux plans a rights issue corresponding to about 25 percent of the purchase after the acquisition is complete.

Headquartered in Louisville, Kentucky, GE Appliances' products include refrigerators, freezers, cooking products, washers and dryers and air conditioners. The division, which has 12,000 workers at nine factories, earned $381 million on $8.3 billion in sales last year, for a profit margin of 4.6 percent.

"GE Appliances' people, valuable home appliances brand, products, distribution, and service capabilities make it a perfect fit with Electrolux and its goal of accelerating growth in the U.S.," GE Chief Executive Jeff Immelt said in a joint statement from the two companies.

Other than its own brand, Electrolux sells under the Zanussi, AEG, Frigidaire and Eureka trademarks. In July it posted a second-quarter net loss of 92 million kronor ($13.5 million), citing large restructuring charges, but said demand in Europe and the United States was picking up.

Electrolux has more than 60,000 employees, including 10,000 in North America. Its North American operations are headquartered in Charlotte, North Carolina.


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Gambling board to Wynn: Change your look

The state Gaming Commission, which today begins its marathon deliberations over the coveted Boston-area casino license, is recommending Wynn Resorts redesign the exterior of its $1.6 billion casino proposal as a condition of a license if the company's Everett project is selected over Mohegan Sun's.

The details offer the first glimpse of the commission's long-awaited appraisal of the two rival bidders vying for what's considered the state's most lucrative gaming permit.

Commissioner James McHugh said Wynn's Everett design "doesn't capture the energy that this company is capable of," calling Wynn's Las Vegas design "spectacular" and "compelling" by comparison.
"(T)he Commission strongly urges Wynn to reconsider the exterior design of the buildings and present a revised design to the Commission and, in any event, Wynn shall submit exterior material and finish selection and samples for review and approval by the Commission ...," reads a document the commission will be considering today in its review of building and site design.

The commission, however, is not asking the same of Mohegan, which is proposing a $1.3 billion plan to build a gambling palace in Revere. Instead, it's asking the developer to "submit exterior material and finish selection and samples for review and approval by the Commission."

The state chapter of the American Institute of Architects recently told the commission in a letter that Mohegan's plan is "markedly superior in every design aspect" to Wynn's.
Wynn declined comment, saying it will withhold remarks until the end of the process.

Meanwhile, a commission working group also released its conclusions today on Mohegn and Wynn's financing plans, deeming Mohegan's plan "Sufficient" and giving Wynn's plan an edge with a rating of "Very Good/Outstanding."

The finance group, headed by commissioner Enrique Zuniga, which will report soon, zeroed in on 60 percent of Mohegan's venture being financed by a private equity firm, Brigade Capital, and that a separate partner would operate retail components at the casino. It also says the plan doesn't recognize the full market opportunity of a Boston-area casino.

"While the Applicant has demonstrated the necessary financial capability to develop and operate their proposed complex, its funding plan is complex (i.e. multiple parties with investment in and operational responsibilities for various project components) and by some measures highly leveraged," a summary reads. "This complexity will likely reduce the degree of flexibility the the Applicant requires to efficiently (including timing) and effectively respond to marketplace changes that will likely occur over the term of the license, including immediately after opening."

The commission said Wynn has demonstrated more solid, stable financial footing and isn't as vulnerable to changes in market conditions.


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Walgreen adds activist hedge fund founder to board

Walgreen has named Jana Partners founder Barry Rosenstein to its board, and the activist investor will get a say in choosing at least one additional director for the nation's largest drugstore chain.

Walgreen Co. is feeling shareholder pressure after lowering its forecast for the earnings it expects after combining with health and beauty retailer Alliance Boots, which runs the United Kingdom's largest drugstore chain. The Deerfield, Illinois, company's shares have dropped since it cut its forecast last month and said it will no longer consider an overseas reorganization that would have trimmed its U.S. taxes.

Walgreen said Monday that Jana Partners will recommend an additional independent director who has no ties to either the drugstore chain or the hedge fund. If another board vacancy opens and Walgreen decides to fill it, then Jana and the nation's largest drugstore chain must agree on the replacement.

Jana Funds holds about a 1.3 percent stake in Walgreen, or 12.5 million shares. Rosenstein will resign from Walgreen's board if that falls below about 6.3 million shares, according to the agreement between the hedge fund and the drugstore chain.

Jana also has agreed to cap its Walgreen stake at 4.9 percent while Rosenstein serves on the drugstore chain's board.

Jana Partners has influenced corporate strategy recently with its investments in companies such as pet food retailer PetSmart Inc. and Redbox parent Outerwall Inc. PetSmart said last month that it would consider selling itself, while Outerwall in December outlined plans to cut jobs and costs and shut down some businesses.

Rosenstein, 55, will join the finance committee of Walgreen's board. He said in a statement from the drugstore chain that he was eager to "work constructively" with the company's management.

Walgreen shares rose 68 cents, or 1.1 percent, to $64.63 Monday morning while broader trading indexes were mixed.

The company's shares lost 12 percent last month, hurt by the cut forecast. But the stock was still up 11 percent in 2014 through Friday's close. That topped the 8.6 percent gain from the Standard & Poor's 500 index over the same span.

Walgreen, which runs nearly 8,200 drugstores, will report its fiscal fourth quarter earnings Sept. 30.


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Twitter tests shopping service

Twitter is testing a way to let users go shopping or make charitable contributions between tweets.

A small percentage of users will receive tweets from Twitter test partners Monday featuring a "buy" button that lets them make purchases or donate money. Initial partners include the musical groups Soundgarden and Panic! At The Disco, retailers Home Depot and Burberry, and nonprofits The Nature Conservancy and GLAAD.

After clicking the buy button, users will be prompted to enter shipping and payment information. Then the order will be sent to the merchant for delivery.

Users' personal information will be encrypted. And their credit card details won't be given to sellers without permission.


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Chick-fil-A founder S. Truett Cathy has died

ATLANTA — Chick-fil-A founder S. Truett Cathy died early Monday at 93. The billionaire rose from poverty by building a privately held restaurant chain that famously closes every Sunday but drew unwanted attention for the Cathy family's opposition to gay marriage.

Chick-fil-A spokesman Mark Baldwin told The Associated Press that Cathy died at home surrounded by members of his family. The company said in a statement that preliminary plans are for a public funeral service at 2 p.m. Wednesday at First Baptist Jonesboro in Jonesboro, Georgia.

Cathy opened his first postwar diner in an Atlanta suburb in 1946 and by 1967 he had founded and opened his first Chick-fil-A Inc. restaurant in Atlanta. Over ensuing decades, the chain's boneless chicken sandwich he is credited with inventing would propel Chick-fil-A expansion to more than 1,800 outlets in 39 states and the nation's capital. By early 2013, the company says on its website, annual sales topped $5 billion as the chain offered up a taste of the South that went beyond chicken to such offerings as sweet tea, biscuits and gravy.

Under the religiously conservative founder, the chain gained prominence for its Bible Belt observance of Sunday — none of its hundreds of restaurants are open on that day, to allow employees a day of rest. Its executives often said the chain made as much money in six days as its competitors do in seven.

Those religious views helped win Cathy and his family a loyal following from conservative customers, but also invited protests when Cathy's son defended the company's donations to groups campaigning against gay marriage.

Cathy's son, Dan, who is currently chairman and president of the chain, had told the Baptist Press in 2012 that the company was "guilty as charged" for backing "the biblical definition of a family." Gay rights groups and others called for boycotts and kiss-ins at Cathy's restaurants. The Jim Henson Co. pulled its Muppet toys from kids' meals, while politicians in Boston and Chicago told the chain it is not welcome there.

The controversy later subsided.

The family-owned company has said it has had 46 consecutive years of positive sales growth. Cathy's $6 billion fortune as the founder of Chick-fil-A puts him on the yearly Forbes magazine list of the wealthiest Americans in the country. The company has listed him on its website as its chairman emeritus after he left day-to-day operations to younger generations.

Truett Cathy began his career in the restaurant business by opening with his brother in 1946 an Atlanta diner called The Dwarf Grill, which was named for the short and stout shape of the restaurant.

He has attributed his hardworking nature — even as a little boy he made money by selling six bottles of Coca-Cola for a quarter — to growing up poor.

"I've experienced poverty and plenty and there's a lesson to be learned when you're brought up in poverty," he said in 2007. "I had to create some good work habits and attitude."

Even well into his 80s, Cathy was actively involved in the chain's operations, including setting up a contract with his children that said they may sell the privately-owned chain in the future but the company must never go public.

"Why would I retire from something I enjoy doing?" Cathy said in a 2007 interview. "I can hardly wait to get here."

An opportunity in 1961 led to the development of the restaurant chain's trademark chicken sandwich when a company that cooked boneless, skinless chicken for airline meals wanted to sell him pieces that were too big for the airline customer's needs. Cathy took those pieces and cooked them in a pressure cooker and served them in buttered buns.

The sandwich was sold at independent restaurants for a few years before he opened his first Chick-fil-A restaurant at an Atlanta shopping mall in 1967.

Cathy also was known for his efforts to help youth. In 1984 he created the WinShape Foundation to help "shape winners" through youth support programs and scholarships. He also created a long-term program for foster children that has foster care homes in Alabama, Georgia, Tennessee and Brazil.

His sympathy for children was demonstrated in August 2008 when he worked out a deal with the parents of two girls who were accused of causing $30,000 in damage to a home he owned in New Smyrna Beach, Florida. The girls were banned from watching TV and playing video games. They also had to write "I will not vandalize other people's property" 1,000 times.

He told the Daytona Beach News-Journal that he didn't want to have them prosecuted and left with a criminal record.

As the author of several books, his 2007 book "How Did You Do It, Truett?" outlined his strategy for success that included setting priorities, being courteous, cautiously expanding a business and not being burdened with debt.

"There's really no secret for success," he said then. "I hope it will open eyes for people. They don't have to follow my recipe but this is what works for me."

Cathy is survived by his wife of 65 years, Jeannette McNeil Cathy; sons Dan T. and Don "Bubba" Cathy; daughter Trudy Cathy White; 19 grandchildren and 18 great-grandchildren, according to a company statement.


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Owner vents as Grand Caravan won̢۪t take refueling

Written By Unknown on Minggu, 07 September 2014 | 22.26

My wife's 2005 Dodge Grand Caravan will not let us add gas to it. At best, I need to fill it painfully slowly. I have a feeling it has to do with the EVAP system. The dealer said it would be $400 to fix. It sounds like the vapor venting is restricted. Is it possible to damage the charcoal filter by putting in too much gas?

It is possible to fill the charcoal canister with fuel by regularly overfilling the tank. It's called "fuel packing" and involves continuing to add fuel after the automatic shutoff has clicked on the nozzle. Doing this at a half-dozen fill-ups or so can eventually fill the vapor separator and force liquid fuel into the canister, which is designed to capture and store fuel vapors until the engine is started and they are drawn into the induction system and burned.

The problem with difficult refueling is a different issue. My Alldata automotive database pulled up Chrysler service bulletin 14-001-09 REV.A dated September 2009, outlining the possible causes and repairs for this issue. In brief, on certain models fitted with a "saddle"-style fuel tank, it recommends idling the engine for a minute or so to allow the fuel transfer pump to move fuel to the left side of the tank, opening space for refilling the right side.

The specific components to test are the vapor recirculating tube, fuel filler tube, fuel tank or components related to the evap control valve or the canister itself.

If I do a fast takeoff from a stop in my 2005 Buick LeSabre, the transmission clunks hard shifting through all gears. If I stop and shut the car off and do a normal takeoff, it is fine and won't do it again until I do a quick takeoff. What do you think?

Has the "Service engine soon" light ever come on in relationship to the hard shifting? If not, I suspect debris in the valve body is the issue. Under hard acceleration, the TCM — transmission control module — will command higher hydraulic pressure to ensure solid, non-slipping shifts. As this occurs, debris in the valve body may be causing a valve or accumulator to stick. Try adding a half-can of SeaFoam Trans-Tune to the transmission fluid and drive the vehicle for a week or so to see if it helps clean the valve body.

I'd also suggest stopping by a parts store that offers free DTC code scanning to see if any specific fault codes are stored in memory.

I purchased a 2001 Jeep Cherokee Sport 4.0 with 77,000 miles for my newly licensed son. The "Check engine" light is constantly blinking due to a misfire in the No. 5 cylinder. I replaced the coil pack, installed new plugs, installed rebuilt fuel injectors, sprayed SeaFoam into the air intake and "drove it like I stole it" to attempt to blow out any carbon build-up. I've heard other possibilities such as the fuel filter, crankshaft position sensor, camshaft position sensor or a stuck valve. Any suggestions would be greatly appreciated.

Since the misfire is specific to the No. 5 cylinder, at this point I'd focus on the mechanical health of that cylinder. Low compression due to worn/broken rings, burnt/bent/stuck valves, worn cam lobes or an intake manifold vacuum leak could cause this misfire.

Start with a simple compression test. If it shows normal compression, then do a cylinder leakdown test. If leakdown is normal, try a running compression test. This involves removing the Schrader valve from the compression tester before installing it in the No. 5 cylinder, then starting the engine and monitoring the compression. If it begins to drop as the engine runs, not enough air is entering the cylinder, which could be caused by a worn cam lobe or a valve that's not properly opening.

Paul Brand, author of "How to Repair Your Car," is an automotive troubleshooter, driving instructor and former race-car driver. Readers may write to him at: Star Tribune, 425 Portland Ave. S., Minneapolis, Minn., 55488 or via email at paulbrand@startribune.com. Please explain the problem in detail and include a daytime phone number.


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Casino panel will put conditions on license

The state Gaming Commission, which is set to begin its deliberations tomorrow on the coveted Boston-area casino license, will give Mohegan Sun and Wynn Resorts a chance to influence the conditions of their potential license — including in Wynn's case how much money should go to Boston — before deciding who gets it.

"It's important for the applicants to understand the conditions, what the award of a license means, and for us to understand that they understand and are willing to agree by those conditions if we issue the license," commissioner James McHugh said.

The approach is a departure from how the panel handled the awarding of the state's lone slots parlor license in February. In that case, only the winning applicant, Penn National, was presented with license conditions, to which it agreed. The conditions were mostly that Penn submit a series of compliance reports within a certain timeframe.

McHugh said the commission is taking a different approach because the conditions of a Boston-area license will be more involved than in the slots debate.

"The conditions in those cases were not complex conditions," McHugh said. "These may be, and it's important to give them time to look at them, and it's important for us to understand whether they're prepared to accept those conditions before we make the final determination."

Applicants will likely be presented with license conditions in the middle of this week and given an undetermined amount of time to respond. Mohegan did not respond to a request for comment. Wynn spokesman Michael Weaver said the company is "comfortable and will follow whatever process the commission sets."

In Wynn's case, the commission will dictate in its conditions what payments the developer must make to Boston to mitigate traffic and other impacts its Everett casino would have on Charlestown. Boston Mayor Martin J. Walsh ceded the decision to the commission after he claimed Wynn withheld key documents about its plan. Walsh cut a deal with Mohegan that would pay the city a minimum of 
$18 million a year.

John Ribeiro, chairman of the Repeal the Casino Deal campaign, which is working to overturn the state's casino law in November, said giving applicants a say in their own license conditions is inappropriate.

"It's getting harder and harder to tell the difference between the casino industry and the casino regulators," Ribeiro said. "They are doing everything within their power to make it easier for the casino operators."

McHugh said it remains to be seen what steps would be taken if applicants object to proposed conditions.

"They tell us that they're not comfortable and we talk about it among ourselves in public, and we talk about it, perhaps with them, in public, and we come to some conclusion as to what the consequences ought to be," McHugh said. "Maybe a modification, maybe a change, maybe an improvement, maybe something else."

Commissioners have been studying different components of Mohegan and Wynn's applications for months and will present their findings next week. The commission set Friday as the date for awarding the casino license, but McHugh said the decision will likely take longer.


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Roslindale to get 43 new housing units

Officials broke ground yesterday on a Roslindale development that will transform an MBTA substation vacant for more than 40 years and add middle-class housing, a project Mayor Martin J. Walsh said offers an affordable alternative to the explosion of luxury housing in Boston.

"This is an exciting project for the city, an exciting project for Roslindale," Walsh said yesterday after the groundbreaking for The Parkside on Adams. "Here's an opportunity for 43 units in neighborhoods that can help sustain a community. It's certainly a big part of the answer."

The Parkside on Adams will include those 43 housing studio, one-bedroom and two-bedroom units at the site of the former F.J. Higgins Funeral Home and the long-vacant and unused MBTA substation on Washington Street will be restored and house a 120-seat restaurant on its ground floor.

"It's going to be a wonderful, transforming event for our neighborhood," said Steve Gag, president of Roslindale Village Main Streets.

Walsh said the $15 million project, which is across the street from Adams Park, will help complete the redevelopment of the area.

"This is really one of the last pieces," Walsh said.

The substation, built in 1911, was used to power some of Boston's first streetcars.

Gag said the development will bring Roslindale full circle.

"This really gave birth to Roslindale, this building did, because it allowed those streetcars to bring people to work," he said. "This is all about transformations."

Matt Kiefer, president of Historic Boston Inc., a nonprofit focused on restoring and preserving historic buildings, said the substation will turn into a neighborhood highlight.

"You sometimes find treasure in unexpected places," he said. "An electric power substation is not necessarily the first thing that would come to your mind as something that might have a role in improving a community."

Soon, the windows covered with bricks and wooden boards will be open again.

One part of the substation that will not be restored is the fading mural on the side of the building. Jim Higgins, who painted the mural in the '70s, said the redevelopment will do the same thing he had hoped to do 40 years ago.

"When I did the mural, it was to make it a nicer space," Higgins said. "I think this is a logical progression of that."

The substation was added to the National Register of Historic Places in 2013, a designation that made the building eligible for state and federal tax credits for its rehabilitation.


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Toronto: Indiegogo pacts with Canadian Film Centre

Indiegogo and the Canadian Film Centre -- the country's premiere accelerator of professional film, TV, acting, music, and digital media talent -- have struck a new partnership that will see CFC residents and alumni (which number over 1,600) gain access to one-on-one support and discounted platform fees with Indiegogo.

The pact will be announced today (Sunday) at the CFC's annual BBQ Fundraiser, held at its headquarters on Toronto's historic Windfields Estate.

Since its 2008 launch, Indiegogo has since strong growth in Canada, with a 50% increase in funds raised in Canada over the past year. Earlier this year, the crowdfunding platform made similar partnerships with the Documentary Organization of Canada, and Toronto-based website Twitch Film.

CFC producer alum Jordan Walker and director Jeremy LaLonde's "How To Plan an Orgy in a Small Town" is the first film under the partnership, and follows on the heels of Lalonde's 2012 Indiegogo success with his first feature, "Sex After Kids," which raised CAN$61,057, exceeding its $50,000 goal. "Orgy" has a Sept. 13 close date, and has already exceeded its $70,000 goal.

"I'm in awe of the creativity coming from our Canadian filmmakers," said Indiegogo's Canadian film lead. "Our collaborations with leading film organizations like the CFC and DOC are part of our ongoing commitment to support emerging talent, and the Canadian industry as a whole."

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Market Basket chain begins recovery after turmoil

RAYNHAM, Mass. — Alice Farrington has her pick of four supermarkets, all a quick drive from her home.

But this week, instead of going to one of those stores, she drove about 10 miles to shop at a place she's heard a lot about lately: Market Basket, the family-owned New England chain that gained national attention when warehouse employees walked off their jobs and customers boycotted over the firing of the chain's popular leader.

After a six-week protest that cost Market Basket millions in lost sales, the company announced that an agreement had been reached for Arthur T. Demoulas to buy the chain, putting him back in control of the century-old business.

As Market Basket begins picking up the pieces, it is looking to its loyal customer base as well as new shoppers like Farrington, who decided to check out Market Basket after reading glowing testimonials from employees and customers.

"I figured I'd try it — my neighbor is always telling me how much cheaper the prices are, and with all the publicity this summer," Farrington said.

A week after Arthur T. Demoulas reached an agreement to purchase the 50.5 percent interest owned by his rival, cousin Arthur S. Demoulas, and other family members, Farrington found most, but not everything, she was hoping to buy. Store managers reported that their shelves, which had been severely depleted, were filling up quickly now that everyone was back to work.

Some items were still missing or scarce, though, including fresh chicken, hot dogs and yogurt.

"I would say we're up to about 80 percent," said Tom Trainor, a supervisor who was fired after he helped organize the employee revolt but is now back at work. He said he expects the stores to be 90 to 95 percent stocked this weekend.

Company management did not return calls seeking numbers on customer volume and sales since the walkout ended Aug. 27.

Kevin Griffin, publisher of The Griffin Report of Food Marketing, said the crisis turned into a "feel good story" that could attract many new customers.

"I think everybody admires the workers — the people that held out — because typically those things don't end well," Griffin said.

"You'll have new customers going to Market Basket because of the intrigue: 'What's all the fuss about this Market Basket company? Are their prices really that low? Are the workers really that nice?'" he said.

But Gary Chaison, a professor of labor relations at Clark University, said he doesn't think Market Basket will draw many new customers and may have trouble getting back some of its old customers, who may have become accustomed to shopping elsewhere during the standoff.

"I think they're bouncing back remarkably quickly, in terms of getting everyone in there, generating good publicity and restocking the shelves," Chaison said. "The question is: After a week or two weeks, will the glow be gone?"

The walkout and sharp decline in customers prompted company management to drastically reduce the hours of part-time workers. Many employees in Massachusetts and New Hampshire applied for unemployment benefits.

On Friday, the U.S. Labor Department acknowledged the impact, reporting that food and beverage stores nationwide lost 17,000 jobs in August, affected by "employment disruptions at a grocery store chain in New England."

Market Basket customers said they were impressed by the fortitude shown by employees who risked losing their jobs and the devotion of Arthur T. Demoulas to a company started by his grandfather. Demoulas is popular among workers and customers for offering generous benefits and keeping prices low.

"Sometimes you lose faith, but when you see something like this, you think there are people who really do care, people who think of other people, and it's not all about money, money, money," said John Viola, a retired roller skating teacher who returned to shop this week at the Market Basket store in Raynham.


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