A Massachusetts mayor wants to save Berkshire's old HQ, but Warren Buffett isn't interested.» Read More
BOSTON, Dec 11- Capital gains pain has arrived for U.S. mutual fund investors. Fidelity's $16 billion Magellan Fund, for example, plans to distribute capital gains of $5.52 a share in 2013. That is up from just 2 cents a share in 2012, according to fund disclosures.
Tom Corbett said Tuesday he hopes the U.S. Environmental Protection Agency ensures that other states abide by the same standards that Pennsylvania has. The petition is aimed at Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, Virginia and West Virginia.
BOSTON-- Massachusetts gambling regulators adopted a plan on Tuesday that would allow Mohegan Sun to pursue a proposed resort casino on land owned by Suffolk Downs in Revere, but only after a second vote was held in the city.
Dec 11- Southwest Airlines Co plans to bid aggressively for takeoff and landing rights at Reagan National Airport near Washington, as it looks to bring more competition to the nation's capital, a senior company executive said.
Regulators decided to exempt certain funds after Wall Street complained that an earlier draft would have applied to an unnecessarily broad swath of the industry, including many commodity pools, foreign registered mutual funds, securitized loans and corporate structures such as joint ventures.
NEWS: Smith& Wesson Holding Corp. said Tuesday that its net income fell 20 percent in its fiscal second quarter, even as demand for its handguns rose. Smith& Wesson said sales of its handguns during the quarter rose 27 percent.
The Bureau of Investigations and Enforcement said its 10- month review did not find any factors that would disqualify MGM from doing business in Massachusetts. The five commissioners will make the final decision on whether to find MGM suitable.
NEW YORK, Dec 10- If you are in the market for a new home, you have probably noticed that almost all the houses in your local listings are anything but new. New-home construction this year is still 40 percent below normal long-term levels, says Jed Kolko, chief economist at real estate website Trulia.com.
As much as 5 inches of snow were forecast for Monday night into Tuesday for an area stretching from Virginia into New York, the National Weather Service said. "I don't think things are going to warm up anytime soon," said Bruce Sullivan, National Weather Service meteorologist.
BOSTON, Dec 9- Massachusetts on Monday announced a $265 million deal with Alpha Appalachia Holdings Inc to settle allegations that the coal miner artificially inflated its stock price by misrepresenting its safety record ahead of a deadly 2010 mine explosion.
Northern Maryland received 7 to 10 inches of snow over the weekend, while central and eastern Pennsylvania got 4 to 10 inches, and parts of New York received up to 10 inches through Monday morning, according to the weather service.
WASHINGTON, Dec 9- The U.S. Supreme Court on Monday left intact a $142 million jury verdict against Pfizer Inc over the company's marketing of the epilepsy drug Neurontin.
They want the EPA to force nine states- Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, Virginia and West Virginia- to regulate the emissions that cross into their borders through prevailing winds and contribute to higher ozone levels to the north and east of the upwind states.
BEDFORD, Mass.-- Former Stryker CEO Stephen MacMillan has been named to the top spot at Hologic and the medical device maker put two nominees of activist investor Carl Icahn on its board as part of a settlement Monday. The appointments of Jonathan Christodoro and Samuel Merksamer expand Hologic's board to 11 directors, with 10 of them independent.
They want the EPA to force nine "upwind" states- Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, Virginia and West Virginia- to regulate the emissions that cross into their borders through prevailing winds and contribute raising ozone levels to the north and east of them.
The storm was moving up the East Coast, with snow, sleet, and freezing rain expected from Baltimore, Maryland, to north of Boston, according to the National Weather Service. The system was expected to reach Philadelphia and New York City by Sunday afternoon and linger over the area through Monday morning's rush hour commute.
NEW YORK-- Shares of Boston Scientific rose Friday after a Cowen and Co. analyst upgraded the stock, saying the medical device maker could beat Wall Street expectations over the next few years.
NEW YORK, Dec 6- Last year, I needed to find a boarding situation for Katie the poodle while the family went on vacation. I heard about spa kennels where Katie would receive a daily massage, and saw Craigslist ads for dog sitters who said they would allow canine visitors to share their bed at night.
*ECB says inflation to stay below target. NEW YORK, Dec 5- The euro rose to a five-week high against the dollar on Thursday after the European Central Bank left a key interest rate unchanged and its president, Mario Draghi, downplayed deflation risks.
NEW YORK/ BOSTON, Dec 5- JPMorgan Chase& Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July. JPMorgan said on Wednesday it had detected that the web servers used by its site www.ucard.chase.com had been breached in the middle of September.