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Top News & Analysis Boston

  • BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.

  • BOSTON-- The Boston Red Sox are keeping ticket prices unchanged for 2013 after their worst season in nearly 50 years. Individual prices range from $12 for the upper bleachers to $165 for a seat above the Green Monster in left field. The Red Sox went 69-93, missing the playoffs for the third straight year.

  • BOSTON-- State Street Corp., one of the largest custody banks in the U.S., reported higher net income but a slight revenue decline on Tuesday, saying that while equity markets have improved, its clients are still conservative in their investments.

  • Deval Patrick's administration on Monday ordered tighter controls on state spending and hiring but opted not to revise its revenue estimate for the current fiscal year in the face of lagging tax collections.

  • BOSTON-- Shares of WD-40 Co. tumbled on Tuesday after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.

  • BOSTON-- State Street Corp. shares rose on Tuesday after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue. THE SPARK: The Boston- based company reported adjusted earnings of $473 million, or 99 cents per share, on revenue of $2.36 billion.

  • BOSTON-- BlackRock Inc.' s iShares unit is reducing the investment fees charged at six of its largest exchange-traded funds as the biggest ETF provider expands a fee-cutting war that's benefiting cost-conscious investors.

  • Deval Patrick's administration has ordered tighter controls on state spending, while opting not to revise its estimate of tax revenues for the current fiscal year. Secretary of Administration and Finance Jay Gonzalez said Monday he believes Massachusetts will have enough revenue to meet its budget obligations.

  • BOSTON-- Gas prices have dropped five cents per gallon in Massachusetts in the past week. AAA Southern New England reported Monday that a gallon of self-serve, regular is selling for an average of $3.83. The prices in the latest survey ranged from a low of $3.66 to a high of $3.99.

  • LIVERPOOL, England-- Liverpool announced plans Monday to expand the capacity of Anfield, the club's home for 120 years, rather than building a new stadium. The 18- time English champions started working on a new $800- million venue in nearby Stanley Park before owner John Henry's takeover two years ago, but it was abandoned due to financial problems.

  • Lloyd Shapley of UCLA and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools fail. Unlike some recent Nobel prizes _ such as the Peace Prize that went to the embattled European Union last week _ this year's economics award did not seem to send a political message.

  • STOCKHOLM-- Americans Alvin Roth and Lloyd Shapley were awarded the Nobel economics prize on Monday for research that helps explain the market processes at work when doctors are assigned to hospitals, students to schools and human organs for transplant to recipients. Roth, 60, is a professor at Harvard University in Boston.

  • Gibbs Sports Amphibians says its new Quadski, which can drive on land as well as in the water, will go on sale before the end of this year. _ PRICE: The company says it will cost around $40,000. Dealerships will be concentrated in New York, Boston, the Great Lakes, Florida and Texas.

  • DETROIT-- Amphibious vehicles could soon be zooming out of James Bond's garage _ or pond _ and into yours. Michigan- based Gibbs Sports Amphibians Inc. hopes to sell the vehicle worldwide by 2014.. It's sort of magic, "the founder of Gibbs Sports Amphibians, Alan Gibbs, told The Associated Press in a recent interview.

  • NECC was founded in 1998 by Barry Cadden and Gregory Conigliaro as a compounding pharmacy, a laboratory that custom-mixes solution, creams and other medicines in dosages and forms that often are unavailable from pharmaceutical companies.

  • The U.S. House of Representatives' Energy and Commerce Committee called on the Massachusetts pharmacy board to tell congressional staff what it knew about the New England Compounding Center before the recall of more than 17,000 vials of injectable steroid treatments for back and joint pain from health facilities in 23 states.

  • BOSTON, Oct 12- The pharmacy company linked to the deadly meningitis outbreak has cut more than half of its workforce, affecting about 40 employees, according to people familiar with the situation. New England Compounding Center of Framingham, Massachusetts, confirmed on Friday it has cut jobs.

  • OMAHA, Neb.-- Fidelity Investments has selected the Omaha suburb of Papillion for its new, $200 million data center, the company said Friday.

  • LOS ANGELES-- A man arrested at Los Angeles International Airport after authorities found he was carrying a suitcase full of weapons could find out Friday whether he will remain behind bars or be freed. Harris was arrested last week during a stopover trip from Japan on his way to Boston.

  • BOSTON, Oct 12- Managers needing to attract or retain the best talent at a time of tight budgets need to look beyond the payroll, since for many workers non-monetary rewards like flex-time hold a lot of a appeal, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org.