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  • 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...

  • China immediately denied the charges, saying in a strongly worded Foreign Ministry statement the U.S. grand jury indictment was "made up" and would damage trust between the two nations. The indictment was the first criminal hacking charge that the United States has filed against specific foreign officials, and follows a steady increase in public criticism and...

  • MGM, Wynn to take on $1 billion debt for projects Thursday, 20 Nov 2014 | 3:47 PM ET

    MGM Resorts International and Wynn Resorts Ltd. disclosed their plans in separate financial filings with federal regulators. MGM Resorts said it planned to issue $1 billion in notes due in 2023 to pay for a variety of costs including the construction of its $800 million MGM Springfield project in Massachusetts and $1.2 billion MGM National Harbor...

  • Polls: Employers still prioritize health coverage Thursday, 20 Nov 2014 | 3:17 PM ET

    A poll from The Associated Press-NORC Center for Public Affairs Research found that companies that offer health insurance see it as a key tool to attract workers and keep them on the job. A separate survey from the benefits consultant Mercer found that only 4 percent of all large employers say they will likely drop their employee health plans within the next...

  • Former Brown dean whose group won Nobel Prize dies Thursday, 20 Nov 2014 | 2:05 PM ET

    PROVIDENCE, R.I.— David Greer, a doctor who co-founded a group that won the 1985 Nobel Peace Prize for working to prevent nuclear war and who helped transform the medical school at Brown University, has died. Colleagues from Brown said Greer was a "visionary" who taught students about social responsibility. Greer moved to Fall River nearly 60 years ago to practice...

  • Casinos push back on Massachusetts gambling limits Thursday, 20 Nov 2014 | 1:08 PM ET

    BOSTON— In a rarely used tactic meant to address gambling addiction, Massachusetts may require casinos to reward their customers for voluntarily setting limits on how much time and money they spend at slot machines under a proposal being considered by state gambling regulators. But the state's recently licensed casino companies— Wynn Resorts, MGM Resorts...

  • Harvard sued over push for fossil fuels divestment Thursday, 20 Nov 2014 | 11:16 AM ET

    BOSTON— Seven Harvard University students have filed a lawsuit asking a judge to force the university's governing body to divest from fossil fuel companies. The complaint asks the court to compel the Harvard Corporation, the governing body, to stop investing any of its $36.4 billion endowment in gas, coal and oil companies. In a letter to the Harvard community in...

  • Mass. jobless rate holds steady at 6 percent Thursday, 20 Nov 2014 | 11:13 AM ET

    BOSTON— The state's office of Labor and Workforce Development says Massachusetts gained an estimated 1,200 jobs in October, but the state's unemployment rate remained unchanged at 6 percent. The federal Bureau of Labor Statistics said the state gained 7,800 jobs in that month, down from the previous estimate of 9,400.. Still, officials say Massachusetts has...

  • Thanksgiving getaway: 46.3 million to hit the road Thursday, 20 Nov 2014 | 10:00 AM ET

    NEW YORK— The good news for Thanksgiving travelers: the price of gas is at five-year lows. AAA says the average retail price for gasoline is $2.85 per gallon, 43 cents cheaper than Thanksgiving Day last year. With the average car getting 18.5 miles per gallon, that means a family driving 300 miles will save $6.97 in fuel this holiday.

  • Striking FairPoint workers willing to hold out Thursday, 20 Nov 2014 | 9:39 AM ET

    MONTPELIER, Vt.— About 200 striking FairPoint workers and their supporters rallied at the Vermont Statehouse on Thursday as many said they're willing to stay on the picket line until they are offered a contract they consider fair. A series of speakers said FairPoint never lived up to the promises it made after it bought the landline telephone system in Vermont,...

  • MBTA commuter rail operator fined more than $800K Thursday, 20 Nov 2014 | 8:07 AM ET

    BOSTON— The general manager of the MBTA is defending the $2.7 billion contract given to the new operator of the commuter rail system, despite revelations that the company has been fined more than $800,000 in just four months. The Boston Herald reported this week that Keolis Commuter Services had been fined $434,000 for failing to meet on-time targets in all...