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Top News & Analysis Massachusetts

  • NEW YORK, Oct 26- U.S. stocks edged lower on Friday, as investors fretted about Apple's weaker-than-expected results- the latest in a string of lackluster earnings- and signs that economic growth is still not strong enough to make a significant reduction in unemployment. Apple's stock lost 1.4 percent to $601.18.

  • WASHINGTON, Oct 26- U.S. economic growth accelerated in the third quarter a s stepped-up purchases by consumers an d a surprise turnaround in government sp ending of f set the first cutback in business investment in more than a year.

  • NEW YORK-- Shares of Constant Contact Inc. plunged to their lowest price in four years Friday after the online marketing company struggled to convert trial users into customers in the third quarter. THE SPARK: Constant Contact reported its quarterly results Thursday.

  • BOSTON, Oct 26- Massachusetts fined Citigroup $2 million to settle charges that two bank analysts improperly released confidential information about Facebook's financials before the technology company went public. Citi said its top Internet analyst, Mark Mahaney, who was involved in the Facebook matter, is no longer at the company.

  • NASSAU, Oct 26- Slow-moving Hurricane Sandy, a late season Atlantic storm unlike anything seen in more than two decades, slogged toward the U.S. East Coast on Friday after killing at least 31 people on a trail of destruction across the Caribbean.

  • BOSTON-- Massachusetts officials braced Friday for the arrival of a mega-storm that Gov. Forecasts that show Sandy veering inland and merging with another storm front in the mid-Atlantic could lower the potential for catastrophic damage in Massachusetts, but Patrick still warned of a 4- to 6- foot coastal storm surge and 30-35 foot seas offshore.

  • PROVIDENCE, R.I.-- A sell-off of items from the former headquarters of Curt Schilling's failed video game company in Providence brought in about $650,000. An initial auction, at a studio in Maryland acquired by 38 Studios, raised $180,000. 38 Studios was lured to Rhode Island from Massachusetts with a $75 million state loan guarantee.

  • NEW YORK-- The young Citigroup analyst was researching Facebook before it went public. Friday, Massachusetts' top securities regulator dragged the incident into the spotlight, slapping Citigroup with a consent order and charging the bank $2 million for failing to oversee its employee.

  • WASHINGTON-- Federal health inspectors say they found bacteria and mold growing in rooms that were supposed to be kept sterile at the pharmacy linked to a deadly outbreak of meningitis. The Food and Drug Administration has released its initial report after investigating the New England Compounding Center in Framingham, Mass., earlier this month.

  • BOSTON-- A new report finds the Massachusetts economy slowed sharply in the third quarter. According to the economic journal MassBenchmarks, the state's real gross domestic product grew by 1.9 percent from July-September, placing it slightly below the nation's growth rate of 2 percent as reported by the U.S. Commerce Department.

  • BOSTON, Oct 26- Massachusetts top securities regulator said on Friday that his office fined a Citigroup Inc unit $2 million after research analysts improperly disclosed confidential information about Facebook Inc's initial public offering.

  • Shares of PerkinElmer soared to a new annual high, a day after the health and industrial sciences company reported third-quarter results that topped Wall Street expectations. PerkinElmer Inc. said Thursday it now expects adjusted 2012 earnings of $2.05 to $2.07 per share. THE BIG PICTURE: PerkinElmer runs human and environmental health businesses.

  • *Storm causes deaths in Cuba, Haiti and Jamaica. NASSAU, Oct 26- Hurricane Sandy pounded the Bahamas with battering winds and rain on Friday, sweeping over the island chain after killing 21 people across the Caribbean and posing a menacing threat to the U.S. East Coast.

  • DEFIANCE, Ohio-- Mitt Romney is trying to close the deal with voters by focusing on their economic concerns, an area where polling shows the Republican nominee has an edge heading into the final days of the campaign.

  • BOSTON-- The top securities regulator in Massachusetts has fined Citigroup $2 million for failing to supervise analysts who improperly disclosed confidential information about Facebook's initial public offering.

  • *Most promising cleantech IPO since Tesla Motors. As a result, SolarCity is being hailed as the alternative energy industry's most promising IPO candidate since electric car company Tesla Motors Inc's 2010 debut.

  • WASHINGTON-- The pre- Halloween hybrid weather monster that federal forecasters call "Frankenstorm" is looking more ominous by the hour for the East Coast, and utilities and local governments are getting ready. The stage is set as Hurricane Sandy, having blown through Haiti and Cuba, continues to barrel north.

  • WALTHAM, Mass.-- ImmunoGen Inc. on Friday said that its fiscal first quarter loss widened 29 percent, as it spent more money developing its experimental drugs.

  • WASHINGTON-- The black mold creeping into the spines of hundreds of people who got tainted shots for back pain marks uncharted medical territory. Arjun Srinivasan of the Centers for Disease Control and Prevention. Arturo Casadevall, a fungal disease specialist at New York's Albert Einstein College of Medicine.

  • *Storm causes deaths in Cuba, Haiti and Jamaica. NASSAU, Oct 26- Hurricane Sandy pounded the Bahamas with battering winds and rain on Friday, sweeping over the island chain after killing 21 people across the Caribbean and posing a menacing threat to the U.S. East Coast.