Sources say the U.S. Olympic Committee will be severing its ties to Boston, reports CNBC's Sue Herera.» Read More
BOSTON, Oct 25- A top portfolio manager at Highfields Capital plans to leave the investment firm next year to set up his own hedge fund, two people familiar with the matter said. Highfields, which oversees $11.6 billion, is one of the $2 trillion hedge fund industry's biggest and most closely watched firms, with top-tier clients, including Harvard University.
*At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy swelled into a serious threat to much of the U.S. East Coast on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.
Shares of Hewlett-Packard Co. are down 45 percent this year, and Dell Inc. has fallen 37 percent. Dell hasn't been this low since early 2009, when the market bottomed out following the financial crisis. It's bad news for investors in mutual funds that count HP or Dell among their biggest stock holdings.
*At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy grew into a major potential threat to the east coast of the United States on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.
United Continental Holdings Inc.' s profit tumbled to $6 million after earning $653 million in the same quarter last year, and the results fell short of Wall Street's expectations.
HARTFORD, Conn.-- Utilities and governments along the East Coast are working to head off long-term power failures as forecasters predict a major storm to hit a region already skittish after foul weather in recent months that plunged residents into darkness for weeks.
Deval Patrick's administration has unveiled a new plan for dealing with the mounting costs associated with the alleged mishandling of evidence at a state drug lab. The plan was announced by Secretary of Administration and Finance Jay Gonzalez after some agencies affected by the crisis missed a Wednesday deadline for submitting cost estimates.
The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.
NEW YORK-- JetBlue Airways Corp. said Thursday its third-quarter net income rose 29 percent as higher traffic from an ongoing expansion in Boston and the Caribbean offset the impact of slightly lower fares. The New York airline earned $45 million, or 14 cents per share, compared with $35 million, or 11 cents per share, in the third quarter a year ago.
CARACAS, Venezuela-- After four election wins, Venezuelan President Hugo Chavez is on track to completing at least 20 years in power, and supporters such as street bookseller Cristina Tovar say they're glad to have him in charge.
CHICAGO-- People who collapse from cardiac arrest in poor black neighborhoods are half as likely to get CPR from family members at home or bystanders on the street as those in better-off white neighborhoods, according to a study that found the reasons go beyond race. The findings suggest a big need for more knowledge and training, the researchers said.
BOSTON-- Two organizations that track the Massachusetts real estate market say sales of single family homes remained healthy in September in part because of stabilized prices. The Massachusetts Association of Realtors reported Thursday that sales were up nearly 3 percent from the same month last year, the 15th month of year-over-year increases.
*CEO Steve Bennett takes control of sales force. BOSTON, Oct 24- Symantec Corp reported results ahead of Wall Street expectations as its new chief executive took direct control of the company's sales force as part of an effort to turn around the maker of security software. You have a new CEO who is off to a good start,'' said Daniel Ives, analyst with FBR Capital Markets.
SAN FRANCISCO, Oct 24- Billionaire hedge fund manager Tom Steyer says he will focus on pushing California toward an alternative energy future when he steps down from the company he founded, Farallon Capital.
Boston, Oct 24- Symantec Corp, the top maker of computer security software, reported results ahead of Street expectations as its new chief executive began a turnaround effort following the firing of his predecessor in July.
*Treasury auctions $35 billion of 5- year notes. NEW YORK, Oct 24- Prices of U.S.
*Dow down 0.1 pct, S&P 500 off 0.2 pct, Nasdaq off 0.2 pct. *Boeing dips after results, but housing shares rise. NEW YORK, Oct 24- U.S. stocks edged lower on Wednesday after the Federal Reserve stuck with its plan to keep stimulating the U.S. economy until the job market improves.
*Treasury auctions $35 billion of 5- year notes. NEW YORK, Oct 24- Prices for U.S.
BOSTON-- Massachusetts regulators in 2004 proposed a formal reprimand for a company now linked to deadly meningitis outbreak, but they never delivered it after the company protested the reprimand could be "fatal to the business."
*Citi, Yahoo, AIG examples show more aggressive boards. NEW YORK, Oct 24- In the summer of 2011, Yahoo Inc's board decided enough was enough. So, the board held a final meeting in Los Angeles, away from Yahoo's Silicon Valley headquarters, to review the company's progress, a source familiar with the matter said.