A founding partner with Charlesgate Realty Group says Boston's market is "hyper-competitive, highlighted by a severe shortage of inventory."» Read More
BOSTON— Massachusetts gasoline prices are down a nickel per gallon. AAA Southern New England reports Monday that the cost of a gallon of self-serve regular has dropped 5 cents to an average of $3.62. The current price is 6 cents per gallon lower than a month ago and 9 cents lower than at the same time last year, but still a nickel higher than the national average.
July 21- Portfolio manager Will Danoff, who oversees $110 billion in Fidelity Investments' Contrafund, has warned that "elevated valuations" are lurking in the high-growth sector of the stock market, causing more risk for investors.
July 21- Portfolio manager Will Danoff, who oversees $110 billion in Fidelity Investments' Contrafund, warned that "elevated valuations" were lurking in the high-growth sector of the stock market, causing more risk for investors.
NEW YORK— CBS Outdoor Americas Inc. said Monday that it will buy about 1,100 billboards from rival Van Wagner Communications for $690 million in cash, giving the outdoor advertising company control of more billboards in some of the largest cities around the country.
BOSTON— Attorney General Martha Coakley is coming under increasing fire from her Democratic and Republican rivals in the governor's race over an agreement her office hammered out with Partners HealthCare, Massachusetts' largest hospital and physicians' network.
NEW YORK, July 18- Investors worldwide poured $6.2 billion into stock funds in the week ended July 16, encouraged by strong corporate earnings and big potential merger deals in the United States, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
The U.S. Bureau of Ocean Energy Management disclosed its final approval first to The Associated Press ahead of an announcement later Friday. The approval opens the outer continental shelf from Delaware to Florida to exploration by energy companies preparing to apply for drilling leases in 2018, when current congressional limits are set to expire.
NEW YORK, July 17- Global stock markets slumped on Thursday, while safe-haven gold and bond prices rose following an escalation of violence in Gaza and the downing of a passenger plane at the Ukraine- Russia border.
Wall Street stocks started the day with modest losses after the United States announced new sanctions against Russia in response to recent unrest in Ukraine. Subsequently, a Malaysian airlines jet was downed over eastern Ukraine near the Russian border, sparking a further fall in risk assets on concerns that the conflict might widen.
NEW YORK, July 17- Fed Chair Janet Yellen may have surprised the markets this week by noting that valuations in some parts of the U.S. stock market look stretched but mutual fund managers mostly greeted her comments with a shrug.
WASHINGTON— Cities such as Indianapolis that regularly replace old natural gas lines have significantly fewer leaks than older urban areas where they don't, like Boston and New York City's Staten Island, according to a new study by Google and an environmental group. Boston and Staten Island averaged one leak per each mile mapped.
NEW YORK, July 16- Google Inc's Street View cars have captured the world's roads, highways and back alleys for years. Google cars fit with air monitors have taken millions of readings along the streets of Boston, New York and Indianapolis over the past two years as part of a program run by the non-profit Environmental Defense Fund to help reduce methane emissions.
All 12 of the Fed's regions reported growth with five— New York, Chicago, Minneapolis, Dallas and San Francisco— characterizing growth as "moderate" while the others reported "modest" growth. Boston and Richmond reported that growth came in at a slightly slower pace than the previous reporting period.
BOSTON— Anti-casino activists on Wednesday set their sights on Springfield, which would be home to Massachusetts' first licensed casino, as they attempt to win voter support for a November ballot question to repeal the state's casino law. They said Springfield represents a key battleground since it would be home to a proposed $800 million MGM resort.
LONDON/ MADRID, July 16- Discount fashion chain Primark has made its mark in Europe by offering fast-changing fashion at rock-bottom prices.
BOSTON— State gambling regulators are weighing how to respond to Boston Mayor Marty Walsh's refusal to participate in arbitration with Wynn Resorts for a financial compensation deal. The Las Vegas- based casino giant proposes a $1.6 billion resort in neighboring Everett as it competes with Mohegan Sun for the sole state gambling license for the Boston area.
NEW YORK, July 14- Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction.
SAN FRANCISCO, July 14- Charles River Ventures, the venture firm known for backing Twitter from its earliest days, said it has raised $393 million for its latest fund. The new fund is Charles River's first raised with the bulk of its investing team based in California's Menlo Park rather than Boston, where the firm was founded, partner Jon Auerbach said in a blog post.
BOSTON— The cost of a gallon of gasoline in Massachusetts remains unchanged. AAA Southern New England reports Monday that self-serve, regular remains at $3.67 a gallon, the same as last week. The Massachusetts price is 6 cents above the national average, 3 cents higher than a month ago and a nickel higher than a year ago.
BOSTON— Massachusetts will receive an almost $46 million share of a $7 billion federal-state settlement over Citigroup's mortgage-backed security activities, the state attorney general's office said Monday.