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Massachusetts

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  • Sheldon Adelson criticizes Internet gambling Wednesday, 1 Oct 2014 | 9:54 PM ET

    LAS VEGAS— Billionaire Sheldon Adelson repeated his distaste for Internet gambling during a talk Wednesday night at the G2E Global Gaming Expo in Las Vegas, saying there was no reason casinos should be in the pockets of every single American. Throughout the talk that touched on topics such as international gambling destination Macau and New Jersey's...

  • Oct 1- A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates. Shares of Masimo closed 12.9 percent higher, rising $2.74 to $24.02 on the Nasdaq. Jurors in Wilmington, Delaware needed less than a day of deliberations...

  • Oct 1- A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates. Shares of Masimo closed 12.9 percent higher, rising $2.74 to $24.02 on the Nasdaq. Jurors in Wilmington, Delaware needed less than a day of deliberations...

  • NEW YORK, Oct 1- U.S. stocks dropped more than 1 percent on Wednesday as the first diagnosis of Ebola in a patient in the United States spooked investors, economic data pointed to uneven growth, and the Russell 2000 index entered correction territory.

  • Prison for bank exec who used firm's card for wine Wednesday, 1 Oct 2014 | 4:33 PM ET

    PORTLAND, Maine— A former TD Bank executive who used a company credit card to buy $240,000 in Champagne and lap dances at strip clubs to ease his stress from work has been sentenced to 18 months in prison. The Portland Press Herald reports 42- year-old Jeffrey Burnham of Arundle, Maine, had pleaded guilty in U.S. District Court in Portland to a felony charge of theft...

  • The FCC is planning a so-called incentive auction for mid-2015, a complex sale of highly valuable low-frequency radio airwaves currently used by broadcasters to clamoring wireless carriers.

  • Vermont's Bag Balm ointment goes corporate Wednesday, 1 Oct 2014 | 2:24 PM ET

    LYNDONVILLE, Vt.— Vermont's locally produced, quirkily used Bag Balm ointment long ago moved beyond the bovine, but now it's going corporate. The family decided to sell because it was "the right match at the right time," said Barbara Norris Allen, the granddaughter of John Norris, who founded the company in 1899.. We need to expand the brand, "said Packard, 68, a University...

  • The FCC is planning a so-called incentive auction for mid-2015, a complex sale of highly valuable low-frequency radio airwaves currently used by broadcasters to clamoring wireless carriers.

  • Small businesses scramble to keep top staffers Wednesday, 1 Oct 2014 | 1:27 PM ET

    Love inspires students to keep coming back for more lessons and brings in more than a quarter of the studio's revenue, says Bisconti, owner of a Fred Astaire Dance Studio in Willoughby, Ohio.

  • Emergency plan on New England cod fish sought Wednesday, 1 Oct 2014 | 10:26 AM ET

    PORTLAND, Maine— The National Marine Fisheries Service expects to implement emergency measures in November aimed at stemming cod fish decline in the Gulf of Maine. The effort to save cod comes as National Marine Fisheries Service scientists are saying the level of codfish spawning in the Gulf of Maine is at an all-time low. Scientists say the amount of cod...

  • Buffalo tech firm laying off 70, mostly at HQ Wednesday, 1 Oct 2014 | 8:32 AM ET

    BUFFALO, N.Y.— A Buffalo- based website designer and service provider says it will lay off about 70 employees, including 50 who work at the company's downtown headquarters. Synacor Inc. CEO Himesh Bhise said in a statement released Tuesday that about 20 percent of the company's workforce will be laid off in an effort to make the firm "leaner and more agile."

  • General Mills plans to cut about 700 to 800 jobs Wednesday, 1 Oct 2014 | 7:07 AM ET

    NEW YORK— General Mills plans to cut approximately 700 to 800 jobs, the second time it's trimmed its work force in a month, as the food company adjusts for a shift by U.S. consumers away from boxed or frozen meals. General Mills Inc. anticipates the current restructuring to be completed by fiscal 2015' s end.

  • App teaches kindergartners basic computer coding Wednesday, 1 Oct 2014 | 1:39 AM ET

    "When many people think of computer programming, they think of something very sophisticated," says co-developer Mitchel Resnick of the Massachusetts Institute of Technology. The project was funded by a $1.3 million grant from the National Science Foundation to help children learn to think creatively and reason systematically. The free app is already being...

  • Audit: Feds overpaid state $106M for Medicaid Wednesday, 1 Oct 2014 | 12:05 AM ET

    BOSTON— A federal audit released Wednesday said the U.S. government overpaid Massachusetts nearly $106 million for Medicaid reimbursements, and recommends that the state be ordered to refund the money.

  • Casino mogul says experience, not gambling, is key Tuesday, 30 Sep 2014 | 8:58 PM ET

    LAS VEGAS— Steve Wynn had some advice. That's why after he recently won the opportunity to build Boston's first casino-hotel, he said he has grand plans for a property that will feature an entry akin to those in Las Vegas, but will tuck slot machines and table games away. The industry has been rattled by troubles in Atlantic City.

  • A look at California's landmark plastic bag ban Tuesday, 30 Sep 2014 | 4:16 PM ET

    Jerry Brown on Tuesday signed the nation's first statewide ban on single-use plastic shopping bags, following the lead of more than 100 California cities and counties. The fight between environmentalists and manufacturers is not over, as plastic bag makers vow to take their opposition to the ballot box.

  • *Sisi hails Suez Canal expansion as flagship project. CAIRO, Sept 30- In his first 100 days in office, Egyptian President Abdel Fattah al-Sisi has made a fast start on economic reform: slashing costly fuel subsidies, raising taxes and devising infrastructure projects to secure long-term revenues and ease unemployment.

  • Judge skeptical of Partners deal Tuesday, 30 Sep 2014 | 7:25 AM ET

    BOSTON— The planned takeover of three suburban hospitals by Partners Healthcare has been further delayed by a judge who raised serious concerns about the deal. Partners, the state's biggest health care system, has been trying for three years to merge with South Shore Hospital in Weymouth and take over hospitals in Medford and Melrose.

  • California becomes first state to ban plastic bags Tuesday, 30 Sep 2014 | 3:00 AM ET

    Alex Padilla, D- Los Angeles, credits the momentum for statewide legislation to the more than 100 cities and counties, including Los Angeles and San Francisco, that already have such bans. The law marks a major milestone for environmental activists who have successfully pushed plastic bag bans in cities across the U.S., including Chicago, Austin and Seattle.

  • Sept 30- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts- based firm that advises 401 plans with $50 million to $100 million in assets.