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  • NEW YORK, Nov 28- Activity in the options on the Energy Select Sector SPDR Exchange-Traded Fund exploded on Friday as traders who had bet on a drop in the ETF scrambled to book hefty profits a day after OPEC decided not to cut oil output. The energy ETF, which has shed about a fifth of its value over the last three months, was down 6 percent at $79.82 on Friday, reacting to...

  • MBTA ridership surpasses 37M for 1st time Friday, 28 Nov 2014 | 11:26 AM ET

    BOSTON— The number of passenger trips on the MBTA topped the 37 million mark last month for the first time in the transit agency's history. The Massachusetts Bay Transportation Authority said Friday that the 37.28 million passenger trips in October were 1.5 percent more than the year-ago month. General Manager Beverly Scott said in a statement the numbers are...

  • Legal Sea Foods sued by workers over tips Friday, 28 Nov 2014 | 8:37 AM ET

    BOSTON— Boston- based Legal Sea Foods is facing two lawsuits alleging the restaurant chain violated state wage laws by forcing servers and bartenders to share tips with workers who rolled silverware in napkins. Legal Sea Foods chief executive Roger Berkowitz told The Boston Globe the "lawsuits are ludicrous and we will vigorously defend."

  • Tiger Global, which manages roughly $14.5 billion in hedge fund and private equity portfolios, wrote to investors in a Nov. 25 letter seen by Reuters, that it wants to raise as much as $1 billion in new capital at its Tiger Global Long Opportunities fund. Co-founded by Chase Coleman, Tiger Global was seeded by hedge fund industry veteran Julian Robertson and ranks...

  • Nov 26- Investment firm Tiger Global said it is looking to raise as much as $1 billion in new capital at its Tiger Global Long Opportunities fund and plans to raise as much as $1.5 billion for a new vehicle called Tiger Global Internet Opportunities. According to a Nov. 25 letter sent to investors and seen by Reuters, the firm also said it is offering investors a...

  • Snow makes Thanksgiving travel 'a little hairy' Wednesday, 26 Nov 2014 | 1:00 AM ET

    MINEOLA, N.Y.— A sloppy mix of rain and snow rolled into the Northeast on Wednesday just as millions of Americans began the big Thanksgiving getaway, grounding hundreds of flights and turning highways hazardous along the congested Washington- to- Boston corridor. Numerous auto accidents were reported across the Northeast, where by midafternoon the line...

  • Eaton Vance beats 4Q profit forecasts Tuesday, 25 Nov 2014 | 9:03 AM ET

    BOSTON _ Eaton Vance Corp. on Tuesday reported fiscal fourth-quarter net income of $80.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. Analysts expected $369.9 million, according to Zacks.

  • Storm may snarl trip for Thanksgiving travelers Tuesday, 25 Nov 2014 | 1:01 AM ET

    MINEOLA, N.Y.— Thanksgiving travelers scrambled to change their plans and beat a storm expected to bring snow, slush and rain to the crowded Washington- to- Boston corridor Wednesday on one of the busiest, most stressful days of the year. Forecasters said major Northeast cities will probably see moderate to heavy rain most of the day, though New York and other places...

  • Offshore wind turbines more likely as auction set Monday, 24 Nov 2014 | 1:03 PM ET

    BOSTON— Massachusetts is one step closer to seeing its coastline waters dotted with wind turbines as federal officials announced Monday that an auction date has been set for wind energy leases to develop more than 742,000 acres off the coast. Deval Patrick said his administration has worked with federal, state, tribal, industry and community representatives...

  • Baker names Kristen Lepore to key financial post Monday, 24 Nov 2014 | 8:57 AM ET

    BOSTON— Gov.-elect Charlie Baker on Monday appointed Kristen Lepore as his secretary of administration and finance, the state's top budget official. Deval Patrick's administration last week pegged the shortfall at $329 million, blaming a series of factors including an automatic cut in the state income tax rate scheduled to take effect July 1.

  • MGM meeting with Springfield Council on casino Monday, 24 Nov 2014 | 8:23 AM ET

    BOSTON— MGM Resorts will take two key steps on Monday as it seeks to break ground in 2015 on an $800 million casino in Springfield that's being billed as the largest single development in western Massachusetts history. It's the first formal meeting on the project since voters statewide overwhelmingly rejected a Nov. 4 ballot question to repeal the state's...

  • Man gets 18 months for Subway cash register hacks Friday, 21 Nov 2014 | 5:21 PM ET

    BOSTON— A federal judge has sentenced a California man to 18 months in prison for hacking into computerized cash registers at Subway sandwich shops and stealing more than $40,000 in gift cards. District Judge Richard Stearns also sentenced 46- year-old Shahin Abdollahi of Lake Elsinore, California, to two years of supervised release and ordered him to pay...

  • U.S. spectrum auction raises more than $30 billion Friday, 21 Nov 2014 | 4:55 PM ET

    WASHINGTON, Nov 21- Total bidding in the U.S. airwaves auction of so-called AWS-3 frequencies has surpassed $30 billion on Friday, according to the Federal Communications Commission, far exceeding expectations just over a week after bidding began. The most obvious beneficiary of the surge in bids is satellite TV mogul Charlie Ergen's Dish Network Corp, whose...

  • Regulators set deadlines for final casino license Friday, 21 Nov 2014 | 1:42 PM ET

    BOSTON— Gambling regulators have set new application deadlines for Massachusetts' third and final resort casino license. The Massachusetts Gaming Commission announced Friday that initial applications for the southeastern region, which is centered on Fall River and New Bedford, will be due Jan. 30. To date, the commission has received just one initial...

  • TV-over-Internet service Aereo seeks Chapter 11 Friday, 21 Nov 2014 | 1:05 PM ET

    The Supreme Court ruled this summer that Aereo had been operating like a cable TV company, meaning that unless it paid broadcasters licensing fees, it was in violation of copyright law. The company got its start in New York and had expanded to about 10 other metropolitan areas, including Boston, Houston and Atlanta, though it never disclosed how many subscribers...

  • Desaulniers named AP's New England media director Friday, 21 Nov 2014 | 1:01 PM ET

    BOSTON— Dwayne Desaulniers, a former business and technology director for The Associated Press, has been named the news cooperative's director of local media for New England. "Dwayne brings a great mix of news, technology and entrepreneurial experience to our New England market, as well as an in-depth understanding of AP services and our mission to inform the...

  • Rail study outlines costs, benefits of expansion Friday, 21 Nov 2014 | 9:59 AM ET

    NASHUA, N.H.— New Hampshire would get more bang for its buck by bringing passenger rail service beyond Nashua to Manchester, according to a preliminary feasibility study, but state officials aren't ready to recommend an option. That option envisions 16 trains daily from Manchester and at least 20 from Nashua. The study estimates that the state's annual cost to...

  • WASHINGTON, Nov 21- Keith Higgins, who runs the office that reviews public companies' books at the U.S. Securities and Exchange Commission, reported stock holdings worth between about $2 million and $6 million last year and the sale of stocks throughout 2014, according to SEC disclosures viewed by Reuters. Since the beginning of the year, he has reported about 60...

  • NEW YORK, Nov 21- Big money to the Fed: You're going nowhere next year. Add in the risk of a recession in Europe, renewed recession in Japan and disappointing growth in China, and it all adds up to "later, lower, longer," says Prudential Investment's Greg Peters, effectively summing up the Fed outlook from the buy side. Peters, who oversees more than $534 billion of fixed...

  • UPDATE 1-Hertz Global names John Tague as CEO Thursday, 20 Nov 2014 | 5:52 PM ET

    Nov 20- U.S. car rental company Hertz Global Holdings Inc named John Tague as chief executive, overlooking a candidate put forward by activist investor Jana Partners. Hertz had formed a search committee including two independent directors nominated by Icahn to find a replacement for Mark Frissora, who resigned in September. The Committee and the Board...