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Massachusetts

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  • Nov 20- Maryland Governor-elect Larry Hogan said on Wednesday he would deliver on his campaign promise to roll back tax increases despite a budget shortfall, the Washington Post reported. Hogan reiterated as well his promise to eliminate the "rain tax"- a fee enacted in response to Environmental Protection Agency requirements to reduce stormwater pollution...

  • Thanksgiving getaway: 46.3 million to hit the road Thursday, 20 Nov 2014 | 10:00 AM ET

    NEW YORK— The good news for Thanksgiving travelers: the price of gas is at five-year lows. AAA says the average retail price for gasoline is $2.85 per gallon, 43 cents cheaper than Thanksgiving Day last year. With the average car getting 18.5 miles per gallon, that means a family driving 300 miles will save $6.97 in fuel this holiday.

  • Striking FairPoint workers willing to hold out Thursday, 20 Nov 2014 | 9:39 AM ET

    MONTPELIER, Vt.— About 200 striking FairPoint workers and their supporters rallied at the Vermont Statehouse on Thursday as many said they're willing to stay on the picket line until they are offered a contract they consider fair. A series of speakers said FairPoint never lived up to the promises it made after it bought the landline telephone system in Vermont,...

  • MBTA commuter rail operator fined more than $800K Thursday, 20 Nov 2014 | 8:07 AM ET

    BOSTON— The general manager of the MBTA is defending the $2.7 billion contract given to the new operator of the commuter rail system, despite revelations that the company has been fined more than $800,000 in just four months. The Boston Herald reported this week that Keolis Commuter Services had been fined $434,000 for failing to meet on-time targets in all...

  • Vermont Yankee makes pending layoffs official Thursday, 20 Nov 2014 | 4:01 AM ET

    VERNON, Vt.— Entergy Corp.' s Vermont Yankee nuclear plant has officially notified the state that it will be laying off 165 employees starting in January. Plant spokesman Marty Cohn says 79 employees have moved or will move to another Entergy plant. Of those facing termination Jan. 19, 69 live in Vermont, 48 in New Hampshire and 39 in Massachusetts.

  • 'Booze Traveler' host explores how world drinks Thursday, 20 Nov 2014 | 12:53 AM ET

    BOSTON— Jack Maxwell drinks for a living. In a telephone interview with The Associated Press, the Los Angeles- based actor said his early years in the neighborhood known as Southie— where convicted gangster James "Whitey" Bulger once reigned— showed him what cocktails can teach about a culture. Part travelogue, part drinking diary, "Booze Traveler" takes viewers with...

  • Govt agency yet to act on controversial insurance Wednesday, 19 Nov 2014 | 6:14 PM ET

    WASHINGTON— The Federal Housing Finance Agency has yet to deliver on changes to a controversial type of homeowner's insurance even as its director told the Senate Banking Committee on Wednesday that it's making progress. The Federal Housing Finance Agency oversees Fannie Mae and Freddie Mac, the government-backed mortgage giants that guarantee most...

  • Town ends bid to ban tobacco sales after outcry Wednesday, 19 Nov 2014 | 5:57 PM ET

    WESTMINSTER, Mass.— A proposal that would have made the town the first in the nation to ban all tobacco sales has gone up in smoke. Board members Ed Simoncini and Peter Munro voted to kill the proposal. Crete told The Boston Globe she was disappointed.

  • Democrats: Go big on the economy in 2016 Wednesday, 19 Nov 2014 | 5:29 PM ET

    Party officials attending a daylong conference Wednesday hosted by the Center for American Progress said Democrats failed to make a forceful pitch to middle-class voters on issues like economic opportunity, stagnant wages and rising college costs— and suffered the consequences. "Too many Democrats did not offer a progressive vision, particularly around...

  • Datawatch posts 4Q loss Wednesday, 19 Nov 2014 | 4:57 PM ET

    CHELMSFORD, Mass. _ Datawatch Corp. on Wednesday reported a loss of $4.9 million in its fiscal fourth quarter. The Chelmsford, Massachusetts- based company said it had a loss of 44 cents per share. Datawatch shares have decreased 68 percent since the beginning of the year.

  • *Lowe's, Target shares rise after results. "The market doesn't really know how to react to this, whether it's a hawkish or dovish statement, but the reality is I think it's a truthful statement that we are in a very interesting spot with both headwinds and tailwinds facing this economy," said Burt White, managing director and chief investment officer at LPL Financial...

  • Spending cuts sought to close budget shortfall Wednesday, 19 Nov 2014 | 3:29 PM ET

    Deval Patrick's administration ordered nearly $200 million in immediate spending cuts Wednesday while asking lawmakers to approve reductions in local aid and other accounts to help close a state budget shortfall. The gap, currently estimated at $330 million, has been triggered by a number of factors including an automatic change in the Massachusetts...

  • Foundation sells $3.3B in Vertex drug royalties Wednesday, 19 Nov 2014 | 3:29 PM ET

    BETHESDA, Md.— The Cystic Fibrosis Foundation says it has sold royalty rights worth $3.3 billion for innovative drugs it helped develop with Vertex Pharmaceuticals Incorporated. The nonprofit ultimately awarded more than $100 million to the company, culminating in the 2012 approval of Kalydeco, the first drug to treat the genetic roots of cystic fibrosis.

  • Shire relocates jobs to Massachusetts Wednesday, 19 Nov 2014 | 2:14 PM ET

    LEXINGTON, Mass.— Shire PLC says its plans to make Lexington, Massachusetts, its U.S. operational headquarters and will move more than 500 jobs there from its Chesterbrook, Pennsylvania, site. It currently has about 5,000 employees globally, including 1,300 in Lexington and about 970 in Chesterbrook. Shire said Wednesday that the transition is part of a larger...

  • WASHINGTON, Nov 19- The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees. Watt also said Fannie Mae and Freddie Mac, which guarantee most of the nation's mortgages, will release in early December details of the extra...

  • Nov 19- Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming from a deal to supply sapphire screens. GT Advanced shocked investors by filing for bankruptcy in October in a case that was initially shrouded in...

  • BUSINESS-NEWS-SCHEDULE AT 1630 GMT /11:30 AM ET Wednesday, 19 Nov 2014 | 11:40 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. U.S. regulator seeks nationwide recall of Takata air bags. WASHINGTON- The U.S. auto...

  • Consumer group lists '10 worst toys' for kids Wednesday, 19 Nov 2014 | 11:25 AM ET

    BOSTON— A light-up bow whose arrows are advertised as flying up to 145 feet and the "Catapencil"— a pencil with a miniature slingshot-style launcher on its end— are on an annual list of unsafe toys released Wednesday by a Massachusetts- based consumer watchdog group. It's about the hazards, " James Swartz, the group's director, said at a news conference at the...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /11:00 AM ET Wednesday, 19 Nov 2014 | 11:07 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. WASHINGTON- The U.S. auto safety regulator has told Japanese supplier Takata Corp and...

  • More restrictions for Gulf of Maine cod fishery Wednesday, 19 Nov 2014 | 10:04 AM ET

    PORTLAND, Maine— Federal regulators voted Wednesday to close several areas to commercial cod fishing in the Gulf of Maine as they seek to rebuild the depleted fishery. Many lobstermen adamantly opposed that idea, which Massachusetts Lobstermen's Association President Bernie Feeney said would "turn fishermen against fishermen." Regulators have said Gulf of...