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Massachusetts

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  • Sept 16- Struggling power producer Atlantic Power Corp asked its chief executive to leave and slashed its dividend by 70 percent after ending discussions about selling itself. Atlantic Power's U.S.-listed shares fell more than 20 percent premarket on Tuesday.

  • Atlantic Power slashes dividend, replaces CEO Tuesday, 16 Sep 2014 | 8:14 AM ET

    Sept 16- Power producer Atlantic Power Corp slashed its dividend by 70 percent and asked its chief executive to step down as part of a strategic review process. The company said it appointed Ken Hartwick, director of the board, as a replacement for Barry Welch. Atlantic Power cut its annual dividend to 12 Canadian cents per share from 40 Canadian cents.

  • Exploring 'graveyard of ships' near San Francisco Tuesday, 16 Sep 2014 | 3:09 AM ET

    GULF OF THE FARALLONES NATIONAL MARINE SANCTUARY— Federal researchers are exploring several underwater sites where ships sank while navigating in the treacherous waters west of San Francisco in the decades following the Gold Rush.

  • Sept 15- The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

  • Sept 15- Massachusetts' highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.

  • Sept 15- Massachusetts' highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.

  • Chafee sees state as future leader in wind energy Monday, 15 Sep 2014 | 4:08 PM ET

    Rhode Island officials had hoped Cape Wind would use New Bedford, Massachusetts, and Rhode Island's Quonset Point for the staging and construction of a proposed 130- turbine wind farm off the coast of Cape Cod, bringing jobs and economic activity to both states. Chafee said Cape Wind will likely need support in Rhode Island for its projects.

  • Sept 15- Epirus Biopharmaceuticals Inc said India's drug regulator has approved its copy of a top-selling arthritis treatment, paving the way for its launch in the country early next year.

  • Alere former CEO wants to make $3.82B buyout offer Monday, 15 Sep 2014 | 2:55 PM ET

    NEW YORK— Alere's former CEO wants to make an offer to purchase the medical diagnostics company for about $3.82 billion. Zwanziger said he discussed the responses he received with David Scott and Jerome McAleer, also former executives at Alere.

  • Court: Tesla Motors can sell directly to buyers Monday, 15 Sep 2014 | 2:40 PM ET

    BOSTON— The state's highest court has thrown out a lawsuit aimed at blocking Tesla Motors from selling its upscale electric cars directly to consumers. The Massachusetts State Automobile Dealers Association had sought to prevent the direct sales, citing a state law designed to block car dealers from abuses by car manufacturers.

  • Supermarkets launch anti-bottle deposit campaign Monday, 15 Sep 2014 | 1:40 PM ET

    BOSTON— Supermarket chains are launching a television ad campaign to try to persuade voters to reject a ballot question that would expand Massachusetts' bottle deposit law to include bottled water and other non-carbonated beverages.

  • Massachusetts gas prices down 2 cents Monday, 15 Sep 2014 | 11:19 AM ET

    BOSTON— The price of a gallon of gasoline in Massachusetts has dropped another 2 cents, but still lags behind the national average. AAA Southern New England reports Monday that self-serve, regular is now selling for an average of $3.43 per gallon, which is 4 cents more than the national average.

  • Venezuela's newest shortage: breast implants Monday, 15 Sep 2014 | 12:03 AM ET

    CARACAS, Venezuela— Venezuela's chronic shortages have begun to encroach on a cultural cornerstone: the boob job. "The women are complaining," said Ramon Zapata, president of the Society of Plastic Surgeons. Only the U.S., Brazil, Mexico and Germany— all with significantly larger populations— saw more procedures.

  • The total AUM of emerging market funds tracked by the Boston- based EPFR Global consultancy had risen to $1.4 trillion from $900 million before the Lehman crisis, it added. While these amounts are dwarfed by the AUM of funds dedicated to the United States or Europe, they are large relative to emerging stock and bond markets.

  • Slow Money invests in small food enterprises Saturday, 13 Sep 2014 | 12:19 PM ET

    Since the national network started in 2010, Slow Money networks and investment clubs around the country, including in Maine, Massachusetts, California, North Carolina, and in cities like Boston and New York, have made a total of $38 million in investments in 350 small food enterprises.

  • BOSTON, Sept 12- Hackers accessed dozens of servers at JPMorgan Chase& Co in a cyberattack launched in June, though no money was taken, the New York Times reported on Friday, citing people familiar with the investigation into the case.

  • NEW YORK, Sept 12- U.S. stocks fell on Friday as energy shares extended their recent slide, while rising bond yields drove down high-dividend paying shares. Shares of Exxon Mobil Corp retreated 1.3 percent on the day, while ConocoPhillips fell 1.2 percent.

  • Sept 12- RadioShack Corp confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy.

  • Fight over World War II-era tank goes to court Friday, 12 Sep 2014 | 11:01 AM ET

    REDWOOD CITY, Calif.— A company headed by Microsoft co-founder Paul Allen has filed a lawsuit in the San Francisco Bay Area over a World War II-era German tank it says it paid $2.5 million for but never received. After his death, his family turned them over to the Massachusetts- based Collings Foundation, which put some of them up for auction in Portola Valley in July.

  • Bloomberg first reported that Alibaba's books would close a day early for its IPO. Co-founder and executive chairman Jack Ma has spoken with investors all over the United States this week including stops in New York and Boston, presenting the company's growth strategies and addressing concerns over its corporate governance.