The Ticker

Written By Unknown on Rabu, 12 Desember 2012 | 16.30

Healthier tax revenue

State tax revenue is projected to be flat for the current fiscal year but rise next year, according to the Beacon Hill Institute at Suffolk University.

The group estimates tax revenue will jump by 5.1 percent to $22.19 billion in fiscal 2014 — due to "strong" personal income tax revenue and "positive" corporate tax revenue growth — after holding steady at about $21.11 billion for 2013, the current fiscal year.

Mass. pending home sales up

Single-family homes put under agreement last month were up 28 percent, while pending condo sales were up 28.5 percent compared to a year ago, marking the 19th straight month of increases, according to the Massachusetts Association of Realtors.

TripAdvisor soars on Diller deal

Shares of Newton-based online travel website TripAdvisor climbed more than 22 percent yesterday before closing at $40.91 after media executive Barry Diller and The Diller-von Furstenberg Family Foundation sold nearly 4.8 million shares of the company to Liberty Interactive Corp. Liberty now owns 18 million shares of common stock and nearly 12.8 million shares of Class B stock, representing 57 percent of the total votes of all classes of the company's stock.

SynapDx raises $6M

Southboro-based SynapDx Corp. has received $6 million from investors to further develop a test designed to identify children with autism spectrum disorders by age 3. The company said its blood-test approach measures differences in RNA gene expression to pinpoint children with a higher risk for ASDs.

TODAY

MassDOT holds a public meeting on the Government Center Station renovation project.

The Federal Reserve releases a statement on interest rates and monetary policy, followed by a news conference with Chairman Ben Bernanke.

TOMORROW

Retail sales for November are released.

The Producer Price Index for November is released.

State Treasurer Steven Grossman has promoted Jessie Saintcyr, left, to deputy treasurer. Hired at the Treasury in January 2011, Saintcyr most recently served as an assistant treasurer and director of human resources and employment counsel.


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