Massachusetts is expected to add almost 400 jobs in biotech manufacturing by 2016. CNBC's Mary Thompson reports Quincy College aims to fill some of those jobs with a new program.» Read More
WASHINGTON— More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
July 28- Online flash sale site Rue La La, which was formerly partly owned by eBay, is exploring a sale that could value the company at around $400 million, people familiar with the matter said on Monday. Boston- based Rue La La, which has attracted interest from online shopping site Gilt Groupe, has hired JPMorgan Chase& Co to advise a potential sale, the people said.
WASHINGTON— Smith& Wesson has agreed to pay $2 million to settle civil charges of bribing government officials in Pakistan, Indonesia and other countries to win military and police business. Smith& Wesson Holding Corp., based in Springfield, Massachusetts, neither admitted nor denied wrongdoing.
BOSTON— Gas prices in Massachusetts have dropped another 4 cents in the past week. AAA Southern New England says the price for self-serve regular is currently averaging $3.58 cents per gallon and has fallen 12 cents in the past month. A year ago at this time, the average price was $3.71 per gallon in Massachusetts.
NEW YORK— As a transgender woman who began her transition about a year ago, Kylie Jack is still figuring out her fashion style, but she wanted one thing right away: well-fitting bras. Friends recommended Petticoat Fair in Austin, Texas, where she lives.
July 28- Smith& Wesson Holding Corp has agreed to pay $2.03 million to settle U.S. Securities and Exchange Commission charges its employees and representatives bribed foreign officials to supply firearms to military and law enforcement departments overseas.
Rich Bonanno, whose family operates Pleasant Valley Gardens in Methuen, estimated he was losing $2,000 a day due to the ongoing revolt by store workers and customer boycott. Workers are demanding the reinstatement of former CEO Arthur T. Demoulas, whom they credit with keeping prices low, treating them well and guiding the company's success.
George Manko sells Hawaiian shave ice in a private parking lot for beachgoers in Westerly, where celebrities including Taylor Swift and Conan O'Brien have summer homes. He believes the councilors do not like the look of street vendors and are trying to turn Westerly into the next Martha's Vineyard.
The FAA allows hobbyists to use model aircraft or small drones so long as they keep them away from airports, fly them under 400 feet and keep the aircraft within sight of the remote-controlling operator at all times.
STORRS, Connecticut— Researchers at the University of Connecticut are using medical technology to breathe new life into some antique musical instruments. Robert Howe, a reproductive endocrinologist in East Longmeadow, Massachusetts, says his medical practice showed him how computerized tomography could make precise 3- D images of body parts.
ITHACA, N.Y.— A physicist from Armenia, a juice-maker from Bermuda and a Burmese sushi chef are crafting new careers in agriculture under a program that applies the business incubator model to farming.
HARTFORD, Conn.— From the port of New London on Long Island Sound north through Connecticut, Massachusetts, Vermont and into Canada, a 390- mile freight rail system linking New England to the rest of the Northeast lacks a key element: a 21st- century rail line in Connecticut.
SAN FRANCISCO, July 25- Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. Some on Wall Street wonder if Amazon may have bitten off more than it can chew.
A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. That helped the market overcome its latest dip, on July 17th, when a passenger jet was shot down in eastern Ukraine and Israel invaded the Gaza Strip, raising investor worries that conflicts around the world could escalate and destabilize financial markets.
*Visa, Amazon decline as earnings disappoint. NEW YORK, July 25- U.S. stocks closed lower on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results.
*Amazon.com, Visa down after disappointing results. NEW YORK, July 25- Some disappointing U.S. earnings, including those of Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S. dollar.
*Visa and Amazon latest major names to disappoint. NEW YORK, July 25- U.S. stocks fell on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results.
NEW YORK— Wall Street is still hungry for fast-casual restaurant chains. Others, including Zoe's Kitchen Inc., Potbelly Corp. and Noodles& Co., also climbed in their initial public offerings.
LONDON, July 25- Foreign equity and bond investors who had tentatively ventured back into Russia after a huge early-2014 selloff are again slashing their holdings for fear of being caught in the crossfire of Western sanctions. Russia has fared worst among the big emerging equity markets this year, with dollar-based losses of 13 percent.
WEST BRIDGEWATER, Mass.— It's been called a David vs. They are demanding the reinstatement of beloved former CEO Arthur T. Demoulas, whom they credit with keeping prices low, treating them well and guiding the company's success.