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U.S. home construction is making a comeback that could invigorate the economy's still-weak recovery. Builders last month started construction on single-family houses and apartments at the fastest rate in more than four years, the Commerce Department said Wednesday.
BOSTON-- Satcon Technology Corp. on Wednesday filed for Chapter 11 bankruptcy protection following years of financial struggles and a severe downturn in the solar power industry.
Ernest Hawk, vice president of cancer prevention at the University of Texas MD Anderson Cancer Center and formerly of the National Cancer Institute. Hawk reviewed the study for the American Association for Cancer Research, which is meeting in Anaheim, Calif., where the study was to be presented on Wednesday.
SALT LAKE CITY-- The FBI has arrested a man accused of disrupting a Delta Air Lines Inc. flight and damaging the airplane by running up the aisle shortly after landing and attempting to open an emergency exit.
BOSTON-- Another step on the long road to casino gambling in Massachusetts is being taken as a 90- day window opens for developers to submit preliminary applications to the state. The Massachusetts Gaming Commission plans to make applications available on Wednesday to companies interested in bidding for the sole license to operate a slot parlor.
BOSTON-- Two members of Congress have asked the U.S. Department of Justice to investigate whether a specialty pharmacy linked to a nationwide meningitis outbreak violated any federal laws or regulations. FDA spokesman Steven Immergut said the investigators were there as part of a broad investigation by several state and federal agencies into the outbreak.
BOSTON-- Two members of Congress have asked the U.S. Department of Justice to investigate whether a specialty pharmacy linked to a nationwide meningitis outbreak violated any federal laws or regulations. Criminal investigators from the Food and Drug Administration were at the Framingham company Tuesday, company spokesman Andrew Paven said.
In between its founding and its near-death, the company now called Citigroup has played a central role in U.S. financial history. On Tuesday, Corbat was named Citi's new CEO after the abrupt departure of Vikram Pandit, who had led the company through the financial crisis and its aftermath.
BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.
BOSTON-- The Boston Red Sox are keeping ticket prices unchanged for 2013 after their worst season in nearly 50 years. Individual prices range from $12 for the upper bleachers to $165 for a seat above the Green Monster in left field. The Red Sox went 69-93, missing the playoffs for the third straight year.
BOSTON-- State Street Corp., one of the largest custody banks in the U.S., reported higher net income but a slight revenue decline on Tuesday, saying that while equity markets have improved, its clients are still conservative in their investments.
Deval Patrick's administration on Monday ordered tighter controls on state spending and hiring but opted not to revise its revenue estimate for the current fiscal year in the face of lagging tax collections.
BOSTON-- Shares of WD-40 Co. tumbled on Tuesday after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.
BOSTON-- State Street Corp. shares rose on Tuesday after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue. THE SPARK: The Boston- based company reported adjusted earnings of $473 million, or 99 cents per share, on revenue of $2.36 billion.
BOSTON-- BlackRock Inc.' s iShares unit is reducing the investment fees charged at six of its largest exchange-traded funds as the biggest ETF provider expands a fee-cutting war that's benefiting cost-conscious investors.
Deval Patrick's administration has ordered tighter controls on state spending, while opting not to revise its estimate of tax revenues for the current fiscal year. Secretary of Administration and Finance Jay Gonzalez said Monday he believes Massachusetts will have enough revenue to meet its budget obligations.
BOSTON-- Gas prices have dropped five cents per gallon in Massachusetts in the past week. AAA Southern New England reported Monday that a gallon of self-serve, regular is selling for an average of $3.83. The prices in the latest survey ranged from a low of $3.66 to a high of $3.99.
LIVERPOOL, England-- Liverpool announced plans Monday to expand the capacity of Anfield, the club's home for 120 years, rather than building a new stadium. The 18- time English champions started working on a new $800- million venue in nearby Stanley Park before owner John Henry's takeover two years ago, but it was abandoned due to financial problems.
Lloyd Shapley of UCLA and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools fail. Unlike some recent Nobel prizes _ such as the Peace Prize that went to the embattled European Union last week _ this year's economics award did not seem to send a political message.
STOCKHOLM-- Americans Alvin Roth and Lloyd Shapley were awarded the Nobel economics prize on Monday for research that helps explain the market processes at work when doctors are assigned to hospitals, students to schools and human organs for transplant to recipients. Roth, 60, is a professor at Harvard University in Boston.