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  • New Bedford voters approve $650M casino proposal Tuesday, 23 Jun 2015 | 2:15 AM ET

    NEW BEDFORD, Mass.— A proposed $650 million Foxwoods-managed resort casino for New Bedford's waterfront cleared a crucial step Tuesday as city residents overwhelmingly approved the proposal in a special election. New Bedford casino supporters, including a political organization backed by KG Urban, had touted the potential for the development to create...

  • June 23- JetBlue Airways Corp on Tuesday said it will add its premium "Mint" class to transcontinental flights from Boston, the first new city for a service that JetBlue credits with helping it steal share from competitors. JetBlue will offer Mint service, the airline's answer to first and business class, on flights from Boston to San Francisco starting March 2016...

  • Last week, Memorial Sloan Kettering Cancer Center in New York posted an online tool suggesting a drug's fair price, based on benefits and side effects. Peter Bach, director of the Center for Health Policy and Outcomes at Sloan Kettering. "We have extraordinarily expensive technology that we have developed but a lot of it doesn't seem to move the needle that much" in...

  • NEW YORK, June 18- Bank of America Corp's Merrill Lynch hired 20 brokers over the last week who managed a combined $1.8 billion in assets at their previous firms, including a dozen from the recently sold Barclays Plc's U.S. wealth and investment management unit, according to Bank of America news release. Two of the biggest money-making advisers to join Merrill...

  • NEW YORK, June 18- Richard Zabel, the top deputy to Manhattan U.S. Attorney Preet Bharara, is leaving the Justice Department to become general counsel at the hedge fund Elliott Management, according to an internal Elliott memo seen by Reuters on Thursday. Attorney in Manhattan since 2011, helping to oversee a broad-based crackdown on insider trading,...

  • ZURICH, June 18- Novartis AG said on Thursday it expects to increase its profit margin this year as it restructures its drug portfolio and cuts costs, as well as generate cash for a higher dividend and smaller, strategic acquisitions. Novartis, the world's biggest supplier of prescription drugs by sales, is briefing investors about prospects at its research...

  • BOSTON/ NEW YORK, June 17- U.S. lawmakers and governors are unlikely to act to restore Obamacare health insurance subsidies in at least 34 states should the Supreme Court rule them illegal, health policy experts said on Wednesday. The influence of elections in 2016 as well as restrictions already put in place in states opposed to President Barack Obama's health...

  • June 11- HealthSouth Corp said it would buy a private rehabilitation hospital operator for $730 million in cash to expand its post-acute care business into new markets. The acquisition of Reliant Hospital Partners will strengthen HealthSouth's position in the Houston, Dallas-Fort Worth and Austin, Texas markets, while giving it new locations in Abilene,...

  • *Prior chief had no PhD; most Fed policymakers do. SAN FRANCISCO, June 10- The Federal Reserve Bank of Dallas is seeking a chief with a "direct, open and honest personality" and the scholarly chops to make his mark as U.S. central bankers near the critical decision of when and how fast to raise interest rates. Richard Fisher, who ran the Dallas Fed for 10 years until his...

  • SAN FRANCISCO, June 10- The Federal Reserve Bank of Dallas is seeking a chief with a "direct, open and honest personality" and the scholarly chops to make his mark on U.S. monetary policy as the bank's formal search for a new president enters its eighth month. "Seems like the Dallas Fed wants someone very similar to Richard Fisher, PhD excluded," said Eric Stein, a...

  • June 9- The Dow and S&P 500 edged higher late Tuesday afternoon following three straight days of declines, as energy shares rose with oil prices and financial shares gained. The Nasdaq was barely negative, led down by shares of biotech companies including Biogen, down 1.3 percent at $381.35. "It kind of feels like a little bit of a snapback after the selloffs we've...

  • June 8- Details of a large heart safety study presented on Monday appear to give Merck and Co's diabetes drug Januvia a clean bill of health, possibly setting the stage for a return to sales growth for the drugmaker's biggest product. Januvia, an oral medication known chemically as sitagliptin that helps lower blood sugar levels, had sales of about $4 billion in...

  • June 7- Novo Nordisk's IDegLira combination drug for type 2 diabetes led to significant reductions in blood sugar, weight and rate of hypoglycemia compared with Sanofi's top-selling Lantus insulin product, according to data from a late-stage trial presented at a medical meeting on Sunday. In the 26- week, 557- patient phase III study presented at the ADA...

  • June 6- A long-acting insulin being developed by Eli Lilly and Co demonstrated greater blood sugar reduction than Sanofi SA's top-selling Lantus in patients with type 2 diabetes, according to data from three Phase III trials presented on Saturday. More patients in the studies who received Lilly's basal insulin peglispro also got their blood sugar down to the...

  • June 5- Daniel Doctoroff, the former chief executive of news and data provider Bloomberg LP, has launched a bid to buy Titan Outdoor, a company that provides outdoor advertising on buses in U.S. cities, according to three people familiar with the matter. Doctoroff, who left Bloomberg last year, has partnered with a private equity firm in an effort to buy Titan, which...

  • HONG KONG, June 5- U.S. index provider MSCI could catch many global investors unprepared if it decides next week to add Chinese-listed yuan-denominated shares to one of its key benchmarks. MSCI will announce on June 9 whether it will push ahead with plans to include so-called China' A' shares in its Emerging Markets Index, a decision that MSCI says would draw $400...

  • MIAMI, June 4- Carnival Corp will tap into the volunteer tourism market with week-long trips beginning in 2016 that include up to three days of organized humanitarian work in the Dominican Republic, the company announced on Thursday. They want to do something more and yet they don't really know where to begin, "said Tara Russell, president of the new cruise brand.

  • June 4- U.S. stocks fell late on Thursday afternoon as uncertainty remained over a Greece aid deal with creditors and as declining oil and gold prices weighed on energy and materials. Greece delayed a debt payment to the International Monetary Fund due on Friday and German Chancellor Angela Merkel said talks on a cash-for-reforms deal were still far from an...

  • Funds run by Boston- based Fidelity Investments and Baltimore's T. Rowe Price Group, for example, more than doubled their money with pre-IPO bets on Facebook Inc. And shares of lesser known Zafgen Inc are up 15- fold since the Fidelity Select Biotechnology Portfolio made a pre-IPO investment of $11.2 million in late 2013. Zafgen's IPO was in June 2014.

  • CAMBRIDGE, Mass., June 3- Harvard University, which has educated many of the world's wealthiest investors, is now getting its biggest single gift from one them- a $400 million donation from Wall Street hedge fund investor John Paulson. The 59- year old financier said the gift was his way of thanking the Ivy League school for providing him and others with a top flight...