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  • Appeals court deals blow to US in insider cases Wednesday, 10 Dec 2014 | 10:35 AM ET

    NEW YORK— A federal appeals court dealt a blow to the government's success in insider trading prosecutions Wednesday by reversing two convictions with a decision that also jeopardizes a third— and attempts to further define how far prosecutors can push the law in their quest to clean up Wall Street. The 2nd U.S. Circuit Court of Appeals overturned the...

  • National Grid joins proposal for cable in Maine Wednesday, 10 Dec 2014 | 6:51 AM ET

    PORTLAND, Maine— Utility giant National Grid is partnering with a company that specializes in underwater cable projects in an alliance seeking to build a 300- mile cable to bring Canadian hydropower and Maine wind power to Greater Boston to help meet the energy needs of power-hungry southern New England, the companies announced Tuesday.

  • Obama announces $1B for early childhood education Wednesday, 10 Dec 2014 | 6:09 AM ET

    WASHINGTON— Declaring early childhood education "one of the best investments we can make," President Barack Obama on Wednesday followed up on a promise to expand early education opportunities for tens of thousands of children by announcing $1 billion in public-private spending on programs for young learners. He said the investments announced at a daylong...

  • Liberals and conservatives gripe about $1.1T bill Wednesday, 10 Dec 2014 | 3:04 AM ET

    WASHINGTON— Exposed to the light of day, a year-end, $1.1 trillion spending bill drew vociferous objections from liberals and milder criticism from conservatives on Wednesday while lawmakers readied a brief, stopgap measure to prevent a government shutdown both parties vowed to avoid. The White House declined to state President Barack Obama's position on...

  • Kennedy says former company cooperating with SEC Tuesday, 9 Dec 2014 | 6:29 PM ET

    HARTFORD, Conn.— Ted Kennedy Jr. says his former company is cooperating fully in an SEC investigation into allegations of insider trading. The Marwood Group, a health care-focused consulting firm co-founded by Kennedy, received notice from the Securities and Exchange Commission this week that the agency's staff plans to recommend charging the company with...

  • Apple trial likely to go on with new plaintiff Tuesday, 9 Dec 2014 | 6:26 PM ET

    OAKLAND, California— A billion-dollar class-action lawsuit against Apple will likely continue, after a 65- year-old Massachusetts business consultant read about the plaintiffs' floundering case online and volunteered to represent consumers in the suit. A federal judge said she's tentatively satisfied with a proposal to add Barbara Bennett as the new...

  • Analogic posts 1Q profit Tuesday, 9 Dec 2014 | 4:24 PM ET

    PEABODY, Mass. _ Analogic Corp. on Tuesday reported profit of $3.7 million in its fiscal first quarter. On a per-share basis, the Peabody, Massachusetts- based company said it had net income of 29 cents. Analogic shares have fallen 14 percent since the beginning of the year.

  • Last month, the troubled retailer and its chief executive disclosed plans to form a real estate investment trust that would acquire as many as 300 Sears stores and lease them back to the retailer. This, CreditSights estimated, could help Sears raise $2.6 billion, providing a critical cash injection. Sears plans to fund the REIT by offering shareholders the right...

  • PORTLAND, Maine— Utility giant National Grid is partnering with a company that specializes in underwater cable projects in an alliance seeking to build a 300- mile cable to bring Canadian hydropower and Maine wind power to Greater Boston to help meet the energy needs of power-hungry southern New England, the companies announced Tuesday.

  • This data represents a "quantum leap" in the management of this disorder by shifting from "life-long symptom management to once-and-done cures," Roth Capital Partner's Debjit Chattopadhyay said, raising his price target on the stock to $90 from $50. LentiGlobin's results read-through favorably to the sickle-cell indication, Piper Jaffray analysts said,...

  • MIT pulls online lectures over harassment claim Tuesday, 9 Dec 2014 | 10:13 AM ET

    CAMBRIDGE, Massachusetts— The Massachusetts Institute of Technology has removed a retired physics professor's lectures from an online learning platform because the school concluded he had sexually harassed a woman, university officials said. MIT said in a statement Monday that it began investigating after a woman filed a complaint in October saying that...

  • Merck committed to Cubist after patent losses Tuesday, 9 Dec 2014 | 9:29 AM ET

    Merck remains committed to its $8.4 billion acquisition of Cubist Pharmaceuticals even though a federal court invalidated most of the patents protecting the company's top-selling antibiotic just hours after that deal was announced Monday. The court upheld one patent that would stave off a cheaper generic version of the drug from rival Hospira Inc. until...

  • Cooper Hewitt design museum reopens, revamped Tuesday, 9 Dec 2014 | 8:52 AM ET

    NEW YORK— The Cooper-Hewitt Smithsonian Design Museum, revamped, restored and expanded after a three-year closure, is reopening at last, all decked out for the 21st century in its historic Carnegie Mansion home just a few blocks up Fifth Avenue from the Guggenheim and the Metropolitan Museum of Art. The spacious garden, adjoining café and gift shop, housed in...

  • Bluebird bio soars after release of study results Tuesday, 9 Dec 2014 | 8:25 AM ET

    Shares of Bluebird Bio soared more than 60 percent before markets opened Tuesday after the drug developer said early research into its treatment for a serious genetic blood condition showed promise. Bluebird Bio Inc., based in Cambridge, Massachusetts, held an initial public offering of its stock last year and has no products on the market.

  • Northeast dealing with heavy rains, snow, wind Tuesday, 9 Dec 2014 | 1:39 AM ET

    The storm made for a slippery Tuesday morning commute in parts of Massachusetts, where state police responded to numerous crashes and spinouts caused by icy roads, some involving their own cruisers. At least 2 inches of rain is forecast for southern New England, where flood advisories are in effect in Connecticut, Massachusetts and Rhode Island.

  • Walden Pond where Thoreau lived simply goes solar Tuesday, 9 Dec 2014 | 1:20 AM ET

    Officials are breaking ground on a new visitor's center at Walden Pond State Reservation, and the $8 million complex will feature two decidedly high-tech touches: a solar canopy and a pair of electric vehicle charging stations. Deval Patrick says it's fitting that the new center in Concord, Massachusetts, will be built with energy-efficient materials and...

  • Chinese man in Iran export case held without bail Monday, 8 Dec 2014 | 4:58 PM ET

    BOSTON— A Chinese man accused of conspiring to export to Iran devices that can be used in nuclear production was held without bail after making an initial court appearance on Monday. A 2013 indictment accuses Cheng of establishing shell companies in China to receive pressure-measuring sensors known as pressure transducers from the Shanghai subsidiary of...

  • Dec 8- Sony Corp said its PlayStation Network and Sony Entertainment Network had been disrupted by hackers in a distributed denial-of-service attack on Monday. The company has not received any report of user information being stolen, Sony spokeswoman Jennifer Clark told Reuters. Sony said users faced difficulty accessing the PlayStation network between...

  • BlackRock Inc, the world's largest asset manager, and Manning& Napier are among the managers that use strategies such as shorting stocks and trading derivatives in their target-date funds. J.P. Morgan Asset Management and Voya Investment Management are considering adding similar strategies, executives told Reuters. About 41 percent of 401 plan...

  • TORONTO, Dec 8- Canada's Bombardier Inc said on Monday it is not bidding for the contract to replace Amtrak's high-speed Acela, clearing the way for a rival to produce the next generation of the popular but sometimes troubled U.S. passenger trains. Alstom declined to comment on whether it is bidding. The relationship between Amtrak and the Bombardier/ Alstom...