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  • Pair to pay up in pasta machine severed-arm case Thursday, 11 Dec 2014 | 10:36 AM ET

    MASSENA, N.Y.— The owner and manager of a northern New York restaurant will pay more than $13,000 in restitution after a 17- year-old employee lost part of his arm while cleaning a pasta-making machine. The state attorney general's office says that Violi's Restaurant owner Ross Violi and manager Dominick Violi pleaded guilty Wednesday. The teen severed his...

  • Harvard professor apologizes to Chinese restaurant Thursday, 11 Dec 2014 | 7:03 AM ET

    BOSTON— A Harvard Business School instructor who blasted a Boston- area Chinese restaurant for overcharging him by $4 on a takeout order apologized Wednesday for a lengthy and widely publicized email exchange with restaurant management. Associate professor Benjamin Edelman had threatened legal action and demanded the Sichuan Garden in Brookline...

  • US bond investors balk at Argentina swap offer Wednesday, 10 Dec 2014 | 6:57 PM ET

    NEW YORK, Dec 10- Argentina is struggling to win over US-based investors on a bond exchange designed to lower refinancing risks and possibly give it more leverage in negotiations with holdout creditors. "I don't think it makes sense to engage in the swap, when you can execute at better prices in the market," said Marco Santamaria, a portfolio manager at...

  • Ex-MIT professor, son plead guilty in scam Wednesday, 10 Dec 2014 | 4:55 PM ET

    BOSTON— A former Massachusetts Institute of Technology professor and his son who ran hedge funds have pleaded guilty to securities fraud charges that federal prosecutors say cost their investors $140 million. Federal prosecutors said 69- year-old Gabriel Bitran and 39- year-old Marco Bitran pleaded guilty Wednesday to conspiracy to commit securities...

  • National Grid joins proposal for cable in Maine Wednesday, 10 Dec 2014 | 6:51 AM ET

    PORTLAND, Maine— Utility giant National Grid is partnering with a company that specializes in underwater cable projects in an alliance seeking to build a 300- mile cable to bring Canadian hydropower and Maine wind power to Greater Boston to help meet the energy needs of power-hungry southern New England, the companies announced Tuesday.

  • Last month, the troubled retailer and its chief executive disclosed plans to form a real estate investment trust that would acquire as many as 300 Sears stores and lease them back to the retailer. This, CreditSights estimated, could help Sears raise $2.6 billion, providing a critical cash injection. Sears plans to fund the REIT by offering shareholders the right...

  • PORTLAND, Maine— Utility giant National Grid is partnering with a company that specializes in underwater cable projects in an alliance seeking to build a 300- mile cable to bring Canadian hydropower and Maine wind power to Greater Boston to help meet the energy needs of power-hungry southern New England, the companies announced Tuesday.

  • Northeast dealing with heavy rains, snow, wind Tuesday, 9 Dec 2014 | 1:39 AM ET

    The storm made for a slippery Tuesday morning commute in parts of Massachusetts, where state police responded to numerous crashes and spinouts caused by icy roads, some involving their own cruisers. At least 2 inches of rain is forecast for southern New England, where flood advisories are in effect in Connecticut, Massachusetts and Rhode Island.

  • Chinese man in Iran export case held without bail Monday, 8 Dec 2014 | 4:58 PM ET

    BOSTON— A Chinese man accused of conspiring to export to Iran devices that can be used in nuclear production was held without bail after making an initial court appearance on Monday. A 2013 indictment accuses Cheng of establishing shell companies in China to receive pressure-measuring sensors known as pressure transducers from the Shanghai subsidiary of...

  • Dec 8- Sony Corp said its PlayStation Network and Sony Entertainment Network had been disrupted by hackers in a distributed denial-of-service attack on Monday. The company has not received any report of user information being stolen, Sony spokeswoman Jennifer Clark told Reuters. Sony said users faced difficulty accessing the PlayStation network between...

  • TORONTO, Dec 8- Canada's Bombardier Inc said on Monday it is not bidding for the contract to replace Amtrak's high-speed Acela, clearing the way for a rival to produce the next generation of the popular but sometimes troubled U.S. passenger trains. Alstom declined to comment on whether it is bidding. The relationship between Amtrak and the Bombardier/ Alstom...

  • A token farewell: Philadelphia transit gets modern Monday, 8 Dec 2014 | 1:19 AM ET

    Philadelphia riders can now see evidence of SEPTA Key, the long-awaited smart card system for the Southeastern Pennsylvania Transportation Authority. Let's start with Philadelphia being one of the few cities in North America to still use tokens for buses, subways and trolleys. Chicago stopped selling them in 1999, followed by New York in 2003 and Boston in...

  • Dec 6- Eighty-seven percent of Hodgkin lymphoma patients responded to a Bristol-Myers Squibb drug that helps the immune system fight the blood cancer, according to data from a small, early stage trial released on Saturday. Margaret Shipp, co-lead investigator of the Checkmate-039 study from Dana-Farber Cancer Institute in Boston. The results were being...

  • CBS, Dish Network reach deal to end brief blackout Saturday, 6 Dec 2014 | 12:19 PM ET

    WASHINGTON— CBS Corp. and TV provider Dish Network Corp. have reached an agreement that ends a contract dispute that led to a short programming blackout in local markets around the country, the companies announced Saturday. CBS had blocked Dish from carrying the local channels of CBS- owned TV stations for about 12 hours starting around 7 p.m. Eastern time...

  • TORONTO, Dec 5- Ivanhoe Cambridge, the real estate arm of Canada's second-largest pension fund, is looking to re-enter the London office market as part of a broader plan to build up assets in 15 key cities, its top executive said. Ivanhoe, which is active in the London residential market but sold off its sole office asset in the city in August, intends to open a London...

  • Dec 5- A Massachusetts jury has found that an agreement between AstraZeneca Plc and Ranbaxy Laboratories Ltd to delay the launch of a generic version of AstraZeneca's heartburn drug Nexium was not anticompetitive. AstraZeneca and an attorney for Ranbaxy released statements saying they were pleased with the verdict. The lawsuit, which began in 2012,...

  • Feds: Man exported parts for 'secret' Iran project Friday, 5 Dec 2014 | 1:24 PM ET

    BOSTON— A Chinese man conspired to export devices that can be used in nuclear production to Iran for what an alleged conspirator called "a very big project and secret one," according to a federal indictment. Cheng is accused of conspiring with Seyed Abolfazl Shahab Jamili, of Tehran, to send hundreds of sensors made by MKS to Eyvaz Technic Manufacturing Co., a Tehran...

  • BOSTON, Dec 4- Cybersecurity researchers have uncovered what they say is technical evidence linking the massive breach at Sony Corp's Hollywood studio with attacks in South Korea and the Middle East. Kaspersky researcher Kurt Baumgartner told Reuters there are "unusually striking similarities" related to the malicious software and techniques in the two...

  • CHICAGO, Dec 4- Thousands of U.S. fast-food workers and supporters marched in nearly 200 cities around the United States on Thursday including Chicago and Boston to advocate for a $15 minimum wage and other labor rights. About 200 demonstrators marched in downtown Chicago starting near the Rock' N' Roll McDonald's, the largest in the city, chanting "We can't...

  • The national security official, who spoke on the condition of anonymity, said North Korea is not the only suspect and it was too soon to definitively know who is behind the attack that exposed a trove of internal data and shut down the computer systems at the entertainment arm of Sony Corp.. North Korea had vehemently denounced the Sony film "The Interview," a comedy...