If sharing economy companies are creating jobs of the future, it doesn't mean decent wages and benefits are part of the bargain for workers.» Read More
At this year's Camp Kotok- an annual gathering of boldface names in finance, helmed by Cumberland Advisors' David Kotok- the issue took center stage during an evening debate at Leen's Lodge, a collection of log cabins set on the placid shores of West Grand Lake.
BOSTON— The idea is simple: Take a bucket of ice water, dump it over your head, record it and post the video on social media. But these "ice bucket challenges"— and similar social media-powered stunts— also are raising awareness and money for causes ranging from Lou Gehrig's disease to breast cancer to a camp for kids who have lost a father to war.
Over the last two weeks, hundreds of warehouse workers and drivers have refused to make deliveries to the family-owned chain's 71 stores in Massachusetts, New Hampshire and Maine, leaving stock severely depleted and prompting customers to shop at other grocery stores.
*Blackstone, KKR, TPG to apportion settlement. The payment by Blackstone Group LP, KKR& Co LP and TPG Capital LP will benefit shareholders of some merger targets during a buyout boom that predated the 2008 financial crisis, and was disclosed in a Thursday court filing.
BOSTON— New federal data show that per-person consumer spending in Massachusetts was the highest of any state in 2012 as the economy continued to rebound from the Great Recession that ended five years ago. Massachusetts' consumer spending rose 12 percent to about $47,300 a person from 2009 to 2012. Only Washington, D.C., had a higher average in 2012— $59,400.
Aug 7- Three private equity firms have agreed to pay $325 million to settle a lawsuit accusing them of colluding with rivals to keep prices down on corporate takeovers prior to the financial crisis by agreeing not to outbid each other.
HONOLULU— Iselle was supposed to weaken as it slowly trudged west across the Pacific. As the two hurricanes churned toward the islands, an earthquake with an initial magnitude of 4.5 hit Hawaii's Big Island at about 6:30 a.m. local time, the U.S. Geological Survey reported.
*NATO says Russian troops massing on Ukraine border. NEW YORK, Aug 6- European stocks fell on Wednesday as concerns over a Russian troop build-up on the border with Ukraine sent nervous investors into high-rated bonds, while U.S. stocks closed little changed to hold at support levels.
NEW YORK, Aug 6- New England power generators need to lock into more natural gas pipeline capacity to avoid a supply squeeze and record prices seen last winter, Spectra Energy Corp's chief executive officer said on Wednesday.
NEW YORK, Aug 6- U.S. stocks hovered near the unchanged mark on Wednesday in choppy trading as the potential for tension to escalate between Russia and Ukraine kept risk seekers in check.
*Sprint to name Brightstar's Marcelo Claure as CEO- source. Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.
Aug 5- Many options traders who had taken bets on a successful buyout of Time Warner Inc by Rupert Murdoch's Twenty-First Century Fox Inc are facing a grim lesson in the risks of betting on deals. Murdoch pulled the $80 billion offer after the close of trading on Tuesday, saying Time Warner management had refused to engage in discussions.
Aug 4- U.S. security software maker Symantec Corp said its products are not banned by the Chinese government after Chinese media reported that the government's procurement agency has excluded the company from a list of approved anti-virus vendors.
WASHINGTON, Aug 3- French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is accepted, analysts said.
NEW YORK- Wall Street firms led by Goldman Sachs Group Inc are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar with Goldman's plans say.
NEW YORK, July 31- A long-predicted dollar rally appears at last to be taking hold, with the greenback ending July with its best monthly performance in 17 months and investors positioning for the first post-crisis U.S. interest rate increase.
*Investors fret over Argentina default fallout, Russia tensions. *Exxon, Whole Foods both fall after results.
BOSTON, July 31- USB devices such as mice, keyboards and thumb-drives can be used to hack into personal computers in a potential new class of attacks that evade all known security protections, a top computer researcher revealed on Thursday.
In a note on the nonprofit's website, Tor Project leader Roger Dingledine said the service had identified computers on its network that had been quietly altering Tor traffic for five months in an attempt to unmask users connecting to what are known as "hidden services."
BOSTON, July 30, Reuters- Tor, the Internet privacy protecting service, said on Wednesday it discovered a compromise on its network that indicated somebody was trying to monitor the activity of its users.