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Massachusetts

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  • BOSTON, Oct 2- The $50 billion Massachusetts state pension fund returned 1.27 percent in August, narrowly beating its benchmark on strong performance from global stock funds, according to a monthly report released on Tuesday. His base annual pay will be increased to $295,000 from $245,000.

  • Vanguard switches to lower-cost fund benchmarks Tuesday, 2 Oct 2012 | 10:13 AM ET

    BOSTON-- Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.

  • Oct 2- A federal panel may tag American International Group Inc as "too big to fail," a move the company has been expecting and one that would sharply increase regulatory oversight of the government-rescued insurer.

  • Romney won't revoke young illegal immigrant visas Tuesday, 2 Oct 2012 | 9:36 AM ET

    DENVER-- Republican presidential candidate Mitt Romney says he would honor temporary work permits for young illegal immigrants who were allowed to stay in the U.S. because of an executive order signed this summer by President Barack Obama.

  • BOSTON, Oct 2- There are steps you can take to improve your presentation, even in midstream, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org. Any opinions expressed are not endorsed by Reuters.

  • Oct 2- A U.S. federal panel may tag American International Group Inc as "too big to fail," a move the company has been expecting and one that would sharply increase regulatory oversight of the government-rescued insurer.

  • Global Payments closes on APT acquisition Tuesday, 2 Oct 2012 | 9:06 AM ET

    NEW YORK-- Electronic payments processor Global Payments said Tuesday that it has completed its $413 million acquisition of smaller client Accelerated Payment Technologies. Global Payments Inc. announced the deal in August. Global Payments shares finished at $41.79 on Monday.

  • Oct 2- LPL Financial LLC, the largest U.S. independent broker-dealer by revenue, said on Tuesday it landed San Diego- based independent advisory firm Washington Wealth Management LLC with $750 million in client assets.

  • Gambling exec: US needs Internet poker regulations Tuesday, 2 Oct 2012 | 12:56 AM ET

    LAS VEGAS-- Brick-and-mortar casinos are opening in Ohio and Illinois. Voters in Oregon, Rhode Island and Maryland will vote on gambling initiatives Nov. 6.

  • Survey: Confidence slips among Mass. employers Tuesday, 2 Oct 2012 | 12:55 AM ET

    BOSTON-- A monthly index measuring confidence among Massachusetts employers has slipped a bit after showing improvement for two consecutive months.

  • DENVER, Oct 1- Relatives of victims of a Colorado movie theater shooting rampage demanded on Monday that President Barack Obama and Mitt Romney address gun violence in their first presidential debate this week in Denver.

  • Blyth defers closing of ViSalus purchase Monday, 1 Oct 2012 | 5:52 PM ET

    GREENWICH, Conn.-- Shares of Blyth Inc. rose more than 7 percent in after-hours trading Monday after the company said it agreed to defer the final closing of its purchase of ViSalus, in which it already owns a majority stake, until April 2014. Blyth first invested in ViSalus in August 2008, buying a 43.6 percent stake for $13 million.

  • American Airlines inspecting jets for loose seats Monday, 1 Oct 2012 | 5:39 PM ET

    DALLAS-- The federal government is examining two separate incidents in which passenger seats came loose midflight on American Airlines planes in the last three days. On Saturday, a flight from Boston to Miami made an emergency landing in New York after three passenger seats came loose shortly after takeoff.

  • Synta Pharma jumps on lung cancer drug data Monday, 1 Oct 2012 | 4:36 PM ET

    NEW YORK-- Shares of Synta Pharmaceuticals Corp. jumped to a three-year high Monday, after the company reported positive clinical trial data for its drug ganetespib as a treatment for a type of lung cancer. Shares of Synta gained $1.79, or 23.5 percent, to close Monday at $9.41 on Monday.

  • Boston Beer shares fall on worries of slower sales Monday, 1 Oct 2012 | 3:36 PM ET

    NEW YORK-- Shares of Boston Beer Co. fell Monday after a UBS analyst highlighted concerns about stalling sales growth. That could mean overall revenue growth may be lower in 2013 than investors and Wall Street analysts expect. Boston Beer did not immediately respond to a request for comment.

  • UPDATE 1-BMC Software seeking to sell itself -- WSJ Monday, 1 Oct 2012 | 2:28 PM ET

    Oct 1- BMC Software Inc is looking to sell itself and has retained Bank of America Merrill Lynch to help find a buyer, the Wall Street Journal reported Monday. The company's shares were up 4.3 percent at $43.26 in afternoon trade on the Nasdaq.

  • BMC Software seeking to sell itself -- WSJ Monday, 1 Oct 2012 | 1:55 PM ET

    Oct 1- BMC Software Inc is looking to sell itself and has retained Bank of America Merrill Lynch to help find a buyer, the Wall Street Journal reported Monday. Bankers have approached potential suitors including software companies and large private-equity firms to see if they are interested in buying BMC or a part of it, the Journal said, citing sources.

  • Hawaii gov to give update on health care plans Monday, 1 Oct 2012 | 1:28 PM ET

    The governor says he will announce a major milestone in the process of making sure Hawaii residents have access to good healthcare and insurance. Hawaii is among the states that bet correctly that the U.S. Supreme Court would uphold Obama's law. Census data from 2010 show 7.7 percent of Hawaii residents are without health insurance.

  • THE RACE: Deficits to be hot topic in 1st debate Monday, 1 Oct 2012 | 1:24 PM ET

    The economy's painfully slow recovery and soaring deficits will be major topics in Denver at Wednesday's first presidential debate, to focus on domestic issues. When fiscal 2012 ended at midnight Sunday, the outgoing 12- month yearly deficit was again $1.3 trillion _ the fourth consecutive year it has exceeded $1 trillion.

  • NEW YORK, Oct 1- U.S. manufacturing unexpectedly expanded in September for the first time since May as new orders and employment picked up, but the pace of growth showed the economy was still stuck in a slow recovery. The Institute for Supply Management said on Monday its index of national factory activity rose to 51.5 from 49.6 in August.

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