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  • Analog Devices beats Street 4Q forecasts Tuesday, 25 Nov 2014 | 4:39 PM ET

    NORWOOD, Mass. _ Analog Devices Inc. on Tuesday reported fiscal fourth-quarter earnings of $108.7 million. Analysts expected $804.3 million, according to Zacks. For the current quarter ending in January, Analog Devices expects its per-share earnings to range from 58 cents to 64 cents.

  • Foxwoods, biggest US casino, cuts back on gambling Tuesday, 25 Nov 2014 | 12:54 PM ET

    HARTFORD, Conn.— Foxwoods, the largest casino resort in North America, is reducing its number of slot machines and table games to free up space for nightclubs and other new attractions as it adapts to fierce competition, the new CEO said in an interview with The Associated Press. Foxwoods and its local rival, Mohegan Sun, already have been losing revenue to casinos in...

  • Eaton Vance beats 4Q profit forecasts Tuesday, 25 Nov 2014 | 9:03 AM ET

    BOSTON _ Eaton Vance Corp. on Tuesday reported fiscal fourth-quarter net income of $80.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. Analysts expected $369.9 million, according to Zacks.

  • Xcerra beats Street 1Q forecasts Tuesday, 25 Nov 2014 | 7:12 AM ET

    NORWOOD, Mass. _ Xcerra Corp. on Tuesday reported fiscal first-quarter earnings of $12.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. For the current quarter ending in January, Xcerra expects its results to range from a loss of 9 cents per share to a loss of 4 cents per share.

  • Salmonella in 10 states linked to raw sprouts Tuesday, 25 Nov 2014 | 6:53 AM ET

    The Centers for Disease Control and Prevention said 63 people from 10 states concentrated on the East Coast fell ill with salmonella linked to bean sprouts from a supplier in New York City. The CDC said the supplier, Wonton Food Inc. of Brooklyn, has agreed to stop production for now. "The conditions for growing sprouts are perfect for growing bacteria and that's...

  • Storm may snarl trip for Thanksgiving travelers Tuesday, 25 Nov 2014 | 1:01 AM ET

    MINEOLA, N.Y.— Thanksgiving travelers scrambled to change their plans and beat a storm expected to bring snow, slush and rain to the crowded Washington- to- Boston corridor Wednesday on one of the busiest, most stressful days of the year. Forecasters said major Northeast cities will probably see moderate to heavy rain most of the day, though New York and other places...

  • Nuance Communications tops 4Q profit forecasts Monday, 24 Nov 2014 | 4:24 PM ET

    BURLINGTON, Mass. _ Nuance Communications Inc. on Monday reported a loss of $1.5 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. Analysts expected $512.5 million, according to Zacks.

  • Offshore wind turbines more likely as auction set Monday, 24 Nov 2014 | 1:03 PM ET

    BOSTON— Massachusetts is one step closer to seeing its coastline waters dotted with wind turbines as federal officials announced Monday that an auction date has been set for wind energy leases to develop more than 742,000 acres off the coast. Deval Patrick said his administration has worked with federal, state, tribal, industry and community representatives...

  • Storm on menu for some Thanksgiving travelers Monday, 24 Nov 2014 | 12:34 PM ET

    MINEOLA, N.Y.— A nor'easter is expected to develop Wednesday along the East Coast just as millions of travelers are heading to their Thanksgiving destinations. "I would pack your patience," said Robert Sinclair Jr., of AAA New York. As of Monday, the highest amount of snow was expected to fall in northeastern Pennsylvania, the Catskills of upstate New York and into...

  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • Baker names Kristen Lepore to key financial post Monday, 24 Nov 2014 | 8:57 AM ET

    BOSTON— Gov.-elect Charlie Baker on Monday appointed Kristen Lepore as his secretary of administration and finance, the state's top budget official. Deval Patrick's administration last week pegged the shortfall at $329 million, blaming a series of factors including an automatic cut in the state income tax rate scheduled to take effect July 1.

  • MGM meeting with Springfield Council on casino Monday, 24 Nov 2014 | 8:23 AM ET

    BOSTON— MGM Resorts will take two key steps on Monday as it seeks to break ground in 2015 on an $800 million casino in Springfield that's being billed as the largest single development in western Massachusetts history. It's the first formal meeting on the project since voters statewide overwhelmingly rejected a Nov. 4 ballot question to repeal the state's...

  • Enanta Pharmaceuticals beats 4Q profit forecasts Monday, 24 Nov 2014 | 7:51 AM ET

    WATERTOWN, Mass. _ Enanta Pharmaceuticals Inc. on Monday reported a loss of $5 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. Analysts expected $6.4 million, according to Zacks.

  • Man gets 18 months for Subway cash register hacks Friday, 21 Nov 2014 | 5:21 PM ET

    BOSTON— A federal judge has sentenced a California man to 18 months in prison for hacking into computerized cash registers at Subway sandwich shops and stealing more than $40,000 in gift cards. District Judge Richard Stearns also sentenced 46- year-old Shahin Abdollahi of Lake Elsinore, California, to two years of supervised release and ordered him to pay...

  • U.S. spectrum auction raises more than $30 billion Friday, 21 Nov 2014 | 4:55 PM ET

    WASHINGTON, Nov 21- Total bidding in the U.S. airwaves auction of so-called AWS-3 frequencies has surpassed $30 billion on Friday, according to the Federal Communications Commission, far exceeding expectations just over a week after bidding began. The most obvious beneficiary of the surge in bids is satellite TV mogul Charlie Ergen's Dish Network Corp, whose...

  • Regulators set deadlines for final casino license Friday, 21 Nov 2014 | 1:42 PM ET

    BOSTON— Gambling regulators have set new application deadlines for Massachusetts' third and final resort casino license. The Massachusetts Gaming Commission announced Friday that initial applications for the southeastern region, which is centered on Fall River and New Bedford, will be due Jan. 30. To date, the commission has received just one initial...

  • New York Fed chief on defensive on bank oversight Friday, 21 Nov 2014 | 1:34 PM ET

    William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that "our eyes are open" and regulators are fair, unbiased and rigorous in their oversight of the biggest U.S. banks. "Of course we are not perfect, but we always strive to improve and retain your trust," Dudley said at the hearing, which focused on whether the Federal Reserve has too cozy of a...

  • TV-over-Internet service Aereo seeks Chapter 11 Friday, 21 Nov 2014 | 1:05 PM ET

    The Supreme Court ruled this summer that Aereo had been operating like a cable TV company, meaning that unless it paid broadcasters licensing fees, it was in violation of copyright law. The company got its start in New York and had expanded to about 10 other metropolitan areas, including Boston, Houston and Atlanta, though it never disclosed how many subscribers...

  • NYC man gets prison for role in cybercrime ring Friday, 21 Nov 2014 | 1:04 PM ET

    TRENTON, N.J.— A New York City man was sentenced Friday to more than three years in prison for his role in an international cybercrime ring that prosecutors say hacked into the computers of more than a dozen financial institutions and the U.S. military's payroll service. Richard Gundersen received a 41- month prison term and was ordered to pay $88 million in...

  • WASHINGTON, Nov 21- New York Federal Reserve Bank President William Dudley came under fire on Friday from Democratic senators who blasted the bank for lax oversight of major financial institutions. I think the evidence suggests that there is, "said Massachusetts Democrat Elizabeth Warren, a frequent critic of the big banks who is seen as a possible 2016...