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Massachusetts

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  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • Five Star reports 1Q loss Tuesday, 16 Dec 2014 | 4:24 PM ET

    NEWTON, Mass. _ Five Star Quality Care Inc. on Tuesday reported a loss of $1.9 million in its second quarter. On a per-share basis, the Newton, Massachusetts- based company said it had a loss of 4 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Apple wins class-action lawsuit over iPod prices Tuesday, 16 Dec 2014 | 1:27 PM ET

    OAKLAND, Calif.— A federal jury decided Tuesday that Apple didn't compete unfairly when it sold music players and songs with copy-protection software that was incompatible with rival devices and music from competing online stores. The eight-member jury in U.S. District Court handed Apple a victory by rejecting a claim from attorneys for consumers and iPod...

  • INTERVIEW- Barney Frank on practically everything Tuesday, 16 Dec 2014 | 10:39 AM ET

    Dec 16- Long a legislative lion for Democrats, Barney Frank retired from Congress two years ago. In Congress, he was the controversial Democratic leader on the House Financial Services Committee and was a co-sponsor of the eponymous 2010 Dodd-Frank act, which brought sweeping reform to the financial industry. REUTERS: What do you make of Congress last weekend...

  • CAMBRIDGE, Mass.— Bluebird Bio is capitalizing on a recent stock price spike with a public offering of more shares that it expects to raise over $211 million, most of which will go toward clinical research. The Cambridge, Massachusetts, company said Tuesday that it will price its offering of about 2.7 million shares at $85 each before underwriting discounts.

  • UPDATE 1-U.S. Senate approves new surgeon general Monday, 15 Dec 2014 | 6:53 PM ET

    The Senate will vote on Tuesday on another contentious nominee, Sarah Saldana. The Senate scheduled votes on Murthy, Saldana and three other nominees for Monday and Tuesday as part of Majority Leader Harry Reid's push to get nominations through the Senate before it goes home for the year. Last year, Democrats infuriated Republicans by changing Senate rules so...

  • Dec 15- GT Advanced Technologies Inc altered its settlement with former partner Apple Inc to produce more near-term cash to support its emergence from bankruptcy, a lawyer for the sapphire maker told a court on Monday. The new terms should be worth $50 million more than the original settlement, according to an attorney for GT noteholders, providing financing...

  • U.S. Senate Democrats push votes on Obama's nominees Monday, 15 Dec 2014 | 3:58 PM ET

    WASHINGTON, Dec 15- With the clock ticking down on their Senate majority, Democrats pushed on Monday to win approval for some of President Barack Obama's stalled nominations for government posts. The Senate will vote on Murthy, Saldana and three other nominees on Monday and Tuesday as part of Majority Leader Harry Reid's late push to get nominations through the...

  • Memories of financial crisis fading as risks rise Monday, 15 Dec 2014 | 1:20 PM ET

    —Congress acted to loosen the regulation of the high-risk investments that ignited the 2008 crisis. —The Institute of International Finance declared it "worrisome" that global indebtedness, as a share of world economic output, has reached record levels. "We're on a very dangerous trajectory," said Simon Johnson, professor of global economics at the Massachusetts...

  • 14 cities get Bloomberg 'innovation team' grants Monday, 15 Dec 2014 | 9:01 AM ET

    NEW YORK— Fourteen cities ranging from Long Beach, California, to Jerusalem are getting up to $3 million from former New York City Mayor Michael Bloomberg's foundation to create "innovation teams" to jump-start new approaches to poverty, public safety, job growth and other issues, the foundation announced Monday. Winners range in size from Centennial, Colorado,...

  • NEW YORK, Dec 15- For investors in 2014, it was hard not to feel like winners. The S&P 500 is up 10 percent on the year, and existing-home sales just enjoyed a 32nd month of year-over-year price gains, according to the National Association of Realtors. One sign of this is that only 31 percent of investors is even making corrective financial resolutions for the New Year,...

  • TOKYO, Dec 15- Leaked emails reveal a cultural gulf between Japan's Sony Corp and Hollywood subsidiary Sony Pictures Entertainment, highlighting the challenge of CEO Kazuo Hirai to turn around the money-losing company under the slogan One Sony. While activist hedge fund investor Daniel Loeb has given up his call for Sony to spin off its entertainment arm,...

  • Congress sends Obama $1.1 T spending bill Saturday, 13 Dec 2014 | 12:12 AM ET

    WASHINGTON— President Barack Obama on Friday urged the Senate to ratify a $1.1 trillion, House-passed spending bill that has roiled his Democratic Party, judging it an imperfect measure that stems from "the divided government that the American people voted for." Mike Lee of Utah, launched a bid to force the Senate to vote on Obama's new immigration policy.

  • 'Layaway Angel' pays customers' bills at toy store Friday, 12 Dec 2014 | 3:42 PM ET

    BELLINGHAM, Mass.— Shoppers at an eastern Massachusetts toy store are getting an early Christmas present: All their layaway bills totaling $20,000 have been paid off by an anonymous woman dubbed "layaway angel." Employees at the Toys R Us in Bellingham, about 40 miles southwest of Boston, told The Milford Daily News that the woman paid off all 150 of the store's...

  • Market Basket deal completed, ending family feud Friday, 12 Dec 2014 | 2:55 PM ET

    TEWKSBURY, Mass.— A New England supermarket chain chief executive who was ousted earlier this year but returned after a worker revolt has completed an ownership deal that ends a family feud over control of the company. Market Basket CEO Arthur T. Demoulas and his family announced Friday that they completed the purchase of the 50.5 percent of the company that was...

  • "They are spooked," said the official, who was not authorized to publicly comment on government discussions with the Sony Corp unit, which is still rebuilding some computer systems as it seeks to repair its public image after a devastating two-pronged attack was revealed last month. People familiar with probes by both the U.S. government and Sony have previously...

  • Hudson Valley town getting $100M retail center Friday, 12 Dec 2014 | 9:22 AM ET

    NEWBURGH, N.Y.— Some of the nation's most popular big-box retailers will have stores in a $100 million retail and entertainment center to be built in the Hudson Valley. The Times Herald-Record of Middletown reports that the head of The Wilder Cos., a Boston- based developer, announced Thursday that BJ's Wholesale Club, Dick's Sporting Goods, Field& Stream and...

  • Holyoke looks to demolish unstable former hotel Friday, 12 Dec 2014 | 7:01 AM ET

    HOLYOKE, Mass.— Holyoke officials are deciding what to do with a former hotel after the building partially collapsed. The Republican newspaper of Springfield reports that Holyoke officials plan to announce a demolition plan Friday. Information from: The Springfield Republican, http://www.masslive.com/news/.

  • Christmas tree shopping: Cost vs. convenience Friday, 12 Dec 2014 | 1:17 AM ET

    In one camp are thrifty folks paying as little as $5 for trees they harvest themselves from national forests. New Hampshire offers both options: the U.S. Forest Service provides permits for cut-your-own Christmas trees in the 800,000- acre White Mountain National Forest, while several of the state's farms ship trees all over the country.

  • BOSTON, Dec 11- Fewer hedge funds opened in the third quarter of 2014 than in any other quarter in a year, according to data released on Thursday by industry research firm Hedge Fund Research. Assets managed by the industry reached a record $2.82 trillion at the end of third quarter, HFR said. Earlier this year, Herb Wagner launched Finepoint Capital after leaving...