A founding partner with Charlesgate Realty Group says Boston's market is "hyper-competitive, highlighted by a severe shortage of inventory."» Read More
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.
*AbbVie raises bid to 53.20/ share from 51.15. *Bid comprises 24.44 stg cash and 0.8960 new AbbVie shares. LONDON, July 14- London- listed drugmaker Shire Plc succumbed to an increased 31 billion pounds takeover offer from Abbvie Inc on Monday, signaling the conclusion to a long-running courtship largely motivated by tax.
NEW YORK, July 12- Shire Plc is seeking a higher takeover offer from U.S. drugmaker AbbVie Inc that would value the company at about 31 billion pounds, according to people familiar with the matter.
BOSTON— Whether it's pinot noir, merlot, chardonnay or cabernet sauvignon, wine lovers in Massachusetts will soon be able to have some of their favorite bottles shipped straight from the vineyards to their homes. Out-of-state domestic producers would initially pay $300 for a direct shipper's license, with a $150 renewal fee each subsequent year.
BOSTON— Comedian Bill Cosby and his wife Camille are supporting protesters marching across the state in opposition to Kinder Morgan's proposed natural gas pipeline.
July 11- Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.
July 11- Silver Lake Partners LP agreed to pay $29.5 million to settle a lawsuit that accused it and several other large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis, court records showed. The settlement was disclosed in a filing late Thursday in federal court in Boston.
WASHINGTON— Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Doing so would mean giving up an irresistible rate in exchange for a new mortgage carrying a rate up to a percentage point higher.
BOSTON— The Massachusetts Senate has unanimously approved a $1.9 billion, four-year environmental bond bill. During Thursday's debate, senators added $200 million to the bill, which was originally $1.7 billion.
Deval Patrick signed into law Friday the final state budget of his administration, while also asking lawmakers to expand his authority to order spending cuts, if needed, during his last months in office.
BOSTON— Mayor Martin Walsh and Mohegan Sun announced a deal Thursday that would provide the city with at least $300 million in investments over 15 years if the casino company wins a state gambling license. It is contingent on Mohegan Sun winning the sole casino license for the Boston area.
NEW YORK, July 10- Stocks slumped worldwide on Thursday and investors flocked to safe-haven government bonds and gold on fears problems at Portugal's biggest listed bank could herald a wider slump for riskier assets. European stock markets were hit hardest as trading in Banco Espirito Santo was halted after a 19 percent drop.
*Relatively weak auction of $13 billion of 30- year bonds. Treasuries prices rose on Thursday, with benchmark yields falling to their lowest in five weeks as investors scrambled for low-risk bonds on worries that problems involving Portugal's biggest listed bank may rekindle the region's financial woes.
BOSTON— Software ordered by Massachusetts to fix its hobbled health care exchange passed initial tests, renewing hopes that the state could finally have a fully operational website by year's end, officials said Thursday.
NEW YORK, July 10- Stocks slumped worldwide on Thursday as investors flocked to safe-haven government bonds on fears problems at Portugal's biggest listed bank could herald wider problems for riskier assets. European stock markets were hit hardest as trading in Banco Espirito Santo was halted after a 19 percent drop.
NEW YORK, July 10- U.S. stocks fell on Thursday, joining a European sell-off driven by troubles at Portugal's biggest listed bank, while prices of U.S. government debt rose and the Japanese yen climbed to a five-month high against the euro. Wall Street seemed to ignore government jobless claims data that suggested the U.S. labor market was perking up.