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Massachusetts

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  • WASHINGTON, July 29- Homeownership in the United States hit a 19- year low in the second quarter as tight finances continued to drive Americans toward renting, one of the lasting legacies of the recession. The seasonally adjusted homeownership rate fell to 64.8 percent, the lowest level since the second quarter of 1995, the Commerce Department said on Tuesday.

  • Mass. home prices rise, sales down slightly Tuesday, 29 Jul 2014 | 11:44 AM ET

    BOSTON— A real estate group says prices for single-family homes rose again last month in Massachusetts even as sales fell off slightly compared to a year ago. The Massachusetts Association of Realtors reported Tuesday that the median price for a single-family home was $365,000 in June, compared to $351,000 in June 2013, a 4 percent increase.

  • Soldiers get $92M in debt relief under settlement Tuesday, 29 Jul 2014 | 10:33 AM ET

    Deceptive practices by Rome Finance Co., more recently doing business as Colfax Capital Corp. and Culver Capital LLC, based in California and Georgia, included failing to accurately disclose charges and interest rates, New York's Attorney General Eric Schneiderman said Tuesday.

  • Operator: Stranded boat was in restricted area Tuesday, 29 Jul 2014 | 12:36 AM ET

    BOSTON— They weren't castaways, but like the tourists on Gilligan's Island, a group of whale watchers expecting only a three-hour tour got much more after their boat was snagged by a mooring cable off Massachusetts and they were forced to spend a long night at sea.

  • Study: 35 percent in US facing debt collectors Tuesday, 29 Jul 2014 | 12:02 AM ET

    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.

  • Smith & Wesson paying $2M to settle SEC charges Monday, 28 Jul 2014 | 2:33 PM ET

    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.

  • Gas prices down 4 cents in Massachusetts Monday, 28 Jul 2014 | 1:26 PM ET

    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.

  • Fashion industry, retailers and the gender binary Monday, 28 Jul 2014 | 12:40 PM ET

    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.

  • New England farmers hurt by Market Basket dispute Monday, 28 Jul 2014 | 8:31 AM ET

    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.

  • Beach town's ban prompts battle over shave ice Monday, 28 Jul 2014 | 1:43 AM ET

    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.

  • Professors object to FAA restrictions on drone use Sunday, 27 Jul 2014 | 10:27 PM ET

    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.

  • UConn makes 3-D copies of antique instrument parts Sunday, 27 Jul 2014 | 9:31 AM ET

    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.

  • Incubator farms nurture agriculture entrepreneurs Saturday, 26 Jul 2014 | 12:41 PM ET

    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.

  • Connecticut seeking upgraded freight rail line Saturday, 26 Jul 2014 | 8:52 AM ET

    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.

  • Business Highlights Friday, 25 Jul 2014 | 6:15 PM ET

    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.