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  • Oct 23- GT Advanced Technologies Inc said it reached an agreement with Apple Inc, under which GT will exit sapphire materials production. GT will shut down its factories in Mesa, Arizona and Salem, Massachusetts, the company said in a statement on Thursday. Under the terms of the agreement, GT will be released from all exclusivity obligations with Apple and a...

  • Oct 23- Dunkin' Brands Group Inc reported a better-than-expected quarterly profit, helped by a rise in sales at its Dunkin' Donuts chain in the United States, its largest market. Sales at established Dunkin' Donuts franchisees in the United States rose 2 percent in the third quarter ended Sept. 27, helped by growing sales of beverages and add-ons like hash browns and...

  • Raytheon tops Street 3Q forecasts Thursday, 23 Oct 2014 | 7:27 AM ET

    WALTHAM, Mass. _ Raytheon Co. on Thursday reported third-quarter net income of $515 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share. Raytheon expects full-year earnings in the range of $5.91 to $6.01 per share, with revenue in the range of $22.7 billion to $23 billion.

  • Owner of Conn. inn accused of tobacco tax fraud Thursday, 23 Oct 2014 | 6:16 AM ET

    LITCHFIELD, Conn.— Federal officials have accused the owner of the Litchfield Inn of defrauding Massachusetts and Connecticut of $43 million in tobacco tax revenue. The Republican-American reports that an indictment in U.S. District Court in Springfield, Massachusetts, accuses Syed I. Bokhari of accepting cash for tobacco products in amounts of more than...

  • Dunkin' beats 3Q net income expectations Thursday, 23 Oct 2014 | 6:10 AM ET

    CANTON, Mass.— Dunkin' Brands Group Inc. on Thursday reported third-quarter profit of $54.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Analysts expected $195.6 million, according to Zacks.

  • Noteworthy ballot measures in upcoming election Thursday, 23 Oct 2014 | 5:06 AM ET

    In Colorado, a "personhood" amendment would add fetuses to those protected by the state's criminal and wrongful death act. In Oregon, Alaska and the District of Columbia, voters will have a chance to legalize the recreational use of marijuana by adults, a step approved two years by voters in Colorado and Washington state. Washington state has two competing...

  • Highlights of ballot initiatives voters to weigh Thursday, 23 Oct 2014 | 5:05 AM ET

    Large companies and national advocacy groups are putting millions of dollars in ads behind ballot measures this year, from questions about oil companies' profits in Alaska to recreational marijuana in Florida, according to an analysis of advertising data released Thursday from the Center for Public Integrity. Colorado casinos are helping fund $5.7...

  • Hong Kong shares fall, China manufacturing caps losses Thursday, 23 Oct 2014 | 4:13 AM ET

    SHANGHAI, Oct 23- Hong Kong main share index finished lower on Thursday in line with regional bourses, but further declines were capped by slightly stronger China manufacturing activity. China CNR Corp Ltd said it had been awarded a subway contract from Massachusetts. China CNR Corp Ltd jumped 3.2 percent, and CSR Corp Ltd climbed 1.5 percent.

  • SHANGHAI, Oct 23- China's CSR Corp Ltd is keen to supply high-speed trains to California, a company official said, in a move that will pit the trainmaker against domestic rival China CNR Corp Ltd. CNR and CSR are China's top locomotive makers, while China Railway Construction Corp Ltd and China Railway Group Ltd build track. Xu said CSR would be part of a group of...

  • WASHINGTON, Oct 22- AT&T Inc on Wednesday reported a rise in quarterly revenue, but the increase was less than Wall Street expected as a wave of subscribers plugged into the network using pre-purchased devices. "People look at this and say,' Oh, I can do with my phone a little bit longer," said Roger Entner, analyst at Recon Analytics in Boston. Earlier on Wednesday, the U.S....

  • MKS Instruments tops Street 3Q forecasts Wednesday, 22 Oct 2014 | 7:24 PM ET

    ANDOVER, Mass. _ MKS Instruments Inc. on Wednesday reported third-quarter net income of $29.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Analysts expected $182 million, according to Zacks.

  • Teradyne beats Street 3Q forecasts Wednesday, 22 Oct 2014 | 6:03 PM ET

    NORTH READING, Mass. _ Teradyne Inc. on Wednesday reported profit of $82.9 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Analysts expected $462.5 million, according to Zacks.

  • Postal workers appeal to Harvard president Wednesday, 22 Oct 2014 | 5:51 PM ET

    CAMBRIDGE, Mass.— The American Postal Workers Union is calling on Harvard University's president to oppose a business arrangement between Staples Inc. and the U.S. Postal Service, or resign her seat on the office supply company's board. "Staples is pretending to be a post office, using low-wage, poorly-trained workers in an environment with weak security.

  • NEW YORK, Oct 22- A federal judge has dismissed a lawsuit brought by Massachusetts Attorney General Martha Coakley that accused mortgage finance giants Fannie Mae and Freddie Mac of violating a state law meant to prevent financially troubled residents of the state from losing their homes. Filed in June, the lawsuit said Fannie and Freddie blocked a state...

  • DETROIT, Oct 22- Detroit's relatively fast move through municipal bankruptcy has resulted in costly creditor settlements and too little emphasis on fixing the city's broken operations, a restructuring expert testified in U.S. Bankruptcy Court on Wednesday. Still, Martha Kopacz, who was appointed by Judge Steven Rhodes to assess the viability of Detroit's...

  • The top 20 US cities for tech startup funding Wednesday, 22 Oct 2014 | 1:44 PM ET

    About half of that funding went to San Francisco and Silicon Valley, according to the National Venture Capital Association. 1. San Francisco, $9.32 billion, 506 deals. 2. San Jose, California, $3.78 billion, 237 deals.

  • 'Silicon Beach' brings tech boom to Los Angeles Wednesday, 22 Oct 2014 | 1:41 PM ET

    LOS ANGELES— So long Silicon Valley. In the past few years Google, Microsoft, Facebook, and YouTube have opened offices on the west side of Los Angeles from Santa Monica south to Venice and Playa del Rey. "Historically, Silicon Valley has been the center of gravity for tech and startups but I think more and more, these types of companies can be built anywhere," says Erik...

  • WASHINGTON, Oct 22- U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices.

  • Survey: Harassment a common part of online life Wednesday, 22 Oct 2014 | 10:01 AM ET

    NEW YORK— A new study confirms what many Internet users know all too well: Harassment is a common part of online life. The first-of-its-kind report by the Pew Research Center found that nearly three-quarters of American adults who use the Internet have witnessed online harassment. Forty percent have experienced it themselves. It can be difficult for police to...

  • Expert says Detroit bankruptcy plan feasible Wednesday, 22 Oct 2014 | 9:18 AM ET

    DETROIT— Detroit's plan to get out of bankruptcy is feasible, a court-appointed expert testified Wednesday as the last witness in a historic trial to determine whether the largest city in U.S. history to file for Chapter 9 can get back on its feet. Martha Kopacz, a Boston- based expert who has participated in hundreds of restructurings, expressed confidence that...