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
July 29- RadioShack Corp may run out of cash as early as October 2015, giving the struggling electronics retailer little time to turn around its business, a Moody's Investors Service report said.
Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations. Amgen also raised its forecasts for its 2014 profit and revenue, driving up its shares.
NEW YORK/ BUENOS AIRES, July 29- Argentine debt negotiators held talks in New York on Tuesday with the U.S. mediator in the South American country's battle with holdout investors, in a last-ditch attempt to avert a default.
HONOLULU— Janice Nakamura knows the financial burden of going without health care, and she's thankful for the Hawaii law that strictly mandates expansive, employer-provided coverage for her and her family.
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.
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.
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.
Boston Harbor Cruises, which operates the whale watch, confirmed that the 83- foot Cetacea strayed into a restricted area, and the company said it was cooperating with a Coast Guard investigation.
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.