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  • Bristol-Myers to stop new antiviral drug research Thursday, 25 Jun 2015 | 11:08 AM ET

    June 25- Bristol-Myers Squibb said on Thursday that it would stop efforts to find new antiviral drugs and cut 100 related jobs. The company said a research facility is expected to open in Cambridge, Massachusetts in 2018 and that the expansion of an R&D site in San Francisco Bay Area is likely to be completed by 2016.. Bristol-Myers' stock was up marginally at...

  • Bristol-Myers Squibb to shift research jobs Thursday, 25 Jun 2015 | 10:59 AM ET

    HARTFORD, Conn.— Bristol-Myers Squibb Co. will expand its presence in research centers in Cambridge, Massachusetts, and San Francisco, as it cuts jobs in Connecticut, the biopharmaceutical company announced Thursday. The New York- based company will open a research site in Cambridge— home to the Massachusetts Institute of Technology and Harvard— in 2018 and...

  • NORTH ANDOVER, Mass.— A garbage truck has crashed into a North Andover lake that is used as a public water supply, but health officials say the water is safe to drink. Police say the truck crashed into Lake Cochichewick at about 6 a.m. Thursday and turned on its side. The driver was taken to a hospital to be treated for injuries not considered life-threatening.

  • June 25- Norwegian Air Shuttle ASA on Thursday announced flights between the United States and two islands in the French Caribbean, hinting that more routes and heightened competition with U.S. carriers are to come. Bilateral agreement allows Norwegian to fly between the United States and any point in European Union territory. Norwegian has expanded rapidly...

  • June 25- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth. While General Mills' U.S. sales for the third quarter ended Feb. 22 rose after five straight quarters of decline, international sales have...

  • NEW YORK— On a trip to Maine with four friends, Alexander Culbertson racked up $1,300 on gas, hotel rooms, food and drinks. "It would have been a nightmare for all of us to evenly split every transaction," says Culbertson, 26, a Boston advertising executive. For Dan Callahan, 22, a digital marketing manager in Philadelphia, using Venmo means avoiding the awkward...

  • STORRS, Conn.— Connecticut's economic growth has evaporated, a University of Connecticut report said Thursday. Data from the U.S. Commerce Department previously said Connecticut's rising economy from 2012 to 2013 was second only to Massachusetts in the Northeast. But government data released June 10 shows Connecticut's economy grew 0.6 percent last year, or...

  • CHICAGO, June 24- A merger between Dutch supermarket Ahold and Belgian rival Delhaize will be a boon for U.S. online grocer Peapod, an Ahold unit which will gain valuable resources to fend off rival Amazon.com and upstart competitors, according to retail industry consultants. Access to Delhaize's efficient and low-cost distribution centers in the east and its...

  • CHICAGO, June 24- Low interest rates and a play-it-safe mentality among executives have fueled a stock buyback boom that is slowing economic growth, storied contrarian investor Jeremy Grantham said on Wednesday. "For a senior management person to use the cash flow of the corporation to buy stock back is much less dangerous than building a new plant," Grantham...

  • America's top states for innovation in 2015 Wednesday, 24 Jun 2015 | 4:30 PM ET
    Top States Technology and Innovation

    These 10 states lead the nation in tech investment, patents and research, which has helped reinvigorate their local economies.

  • America's most expensive states to live in 2015 Wednesday, 24 Jun 2015 | 4:30 PM ET
    Hawaii

    The 10 costliest states to live in may surprise you. These places put hefty price tags on real estate, utility bills, gas and food prices.

  • NEW YORK, June 24- U.S. Treasuries prices rebounded from a two-day selloff on Wednesday after late-stage debt negotiations between Greece and its international creditors hit a roadblock, crimping optimism for a deal and driving demand for safe-haven U.S. bonds. "It continues to be this sense of: we're getting to the end of the evening in Europe with no progress,"...

  • WASHINGTON— Defying a White House veto threat, the Republican-controlled House approved a plan Wednesday to block a key element of President Barack Obama's strategy for fighting climate change. Lawmakers voted 247-180 to support a bill allowing states to opt out of the Obama administration's plan to limit carbon pollution from coal-fired power plants if...

  • When she visits New York on Monday, President Dilma Rousseff will have a tough time convincing Wall Street her weakened government can pull Brazil out of a stall and save the once-booming nation's investment-grade credit rating. While many U.S. companies are still betting on Brazil's long-term growth prospects given the huge potential for the nation of 200...

  • US STOCKS-U.S. stocks down on Greek debt crisis jitters Wednesday, 24 Jun 2015 | 12:50 PM ET

    *Apple rises; Netflix trims gains after Icahn comments. Tsipras is scheduled to meet the heads of the European Central Bank, the International Monetary Fund and the European Commission in Brussels before a meeting of euro zone finance ministers at 1300 p.m. ET. "The U.S. market is taking some signals from the weakness in Europe," said John Canally, chief economic...

  • Railroad regulator vows to enforce Dec. 31 safety deadline Wednesday, 24 Jun 2015 | 12:21 PM ET

    Sarah Feinberg, acting chief of the Federal Railroad Administration, told a House subcommittee that she sympathizes with railroad officials who have said they are unlikely to meet the congressionally mandated deadline. But Feinberg said that unless Congress acts to extend the deadline, she has no choice but to require railroads to install a technology...

  • US STOCKS-Wall St falls as Greece uncertainty weighs Wednesday, 24 Jun 2015 | 11:00 AM ET

    June 24- Wall Street was mostly lower on Wednesday as investors waited for more clarity on the ongoing debt talks between Greece and its creditors even as data showed that the U.S. economy's first-quarter contraction was smaller than earlier thought. Tsipras will meet the heads of the European Central Bank, the International Monetary Fund and the European...

  • Ex-funeral director accused of improperly storing bodies Wednesday, 24 Jun 2015 | 10:40 AM ET

    NORTHAMPTON, Mass.— The former owner of a Massachusetts funeral home has been indicted on charges of improperly caring for dead bodies and embezzling more than $375,000 from clients. William Ryder, of South Hadley, is scheduled to be arraigned Wednesday. Ryder's lawyer, Paul Boudreau, said the indictment did not come as a surprise and his client has been dealing...

  • PARIS— France's economy minister is heading to the U.S. on Wednesday to urge more American companies to invest in the country, as he tries to reform the rules and image of a nation with a reputation for strikes and high labor costs. The government launched this year "French tech visas" to attract young entrepreneurs from abroad willing to create start-ups in France.

  • Massachusetts' first slots parlor is open for business Wednesday, 24 Jun 2015 | 2:03 AM ET

    PLAINVILLE, Mass.— Massachusetts jumped into the casino game Wednesday as the state's first slots parlor opened for business to a large and eager crowd of gamblers. state Gaming Commission Chairman Stephen Crosby declared, calling it a "momentous" day for Massachusetts, which became the 40th state to offer casino gambling. Massachusetts has been lagging way...