http://bostonherald.com/feed/4 en http://bostonherald.com/business/business_markets/2013/09/new_zealand_airline_plans_antarctic_ice_landings <p>WELLINGTON, New Zealand — New Zealand's flagship airline plans to fly planes to Antarctica that pilots would land on an ice runway.</p><p>But tourists wanting to travel to the frozen continent will need to keep their hopes in check. The chartered Air New Zealand flights would be for scientists and their support crews, and the airline said Tuesday it has no plans to begin commercial trips.</p><p>Many countries already fly scientists to Antarctica. But those flights are typically run by government or military agencies, or by specialized companies.</p> Business & Markets Tue, 24 Sep 2013 05:25:29 -0400 Associated Press 1063317676 http://bostonherald.com/business/business_markets/2013/09/burger_king_launching_lower_calorie_french_fry <p>NEW YORK — Burger King wants people to feel less guilty about gobbling up its french fries.</p><p>The world's No. 2 hamburger chain is launching a new crinkle-cut french fry on Tuesday that it says has about 20 percent fewer calories than its regular french fries.</p><p>The chain says a small order of the new "Satisfries" clocks in at 270 calories because of a new batter that doesn't absorb as much oil. By comparison, a small order of its regular fries, sans crinkles, has 340 calories.</p> Business & Markets Tue, 24 Sep 2013 01:28:25 -0400 Associated Press 1063317046 http://bostonherald.com/business/business_markets/2013/09/toys_r_us_to_add_45000_seasonal_hires <p>NEW YORK — Toys R Us plans to hire 45,000 seasonal workers at its stores and distribution centers, the same number as last year, as it ramps up for the all-important holiday season.</p><p>Coming off a slower-than-expected back-to-school season, analysts and stores are bracing for a tough holiday shopping period, which accounts for as much as 40 percent of stores' annual revenue.</p><p>Stores typically begin to hire for the holidays in mid-September and ramp up hiring in mid-October.</p> Business & Markets Tue, 24 Sep 2013 00:02:00 -0400 Associated Press 1063317431 http://bostonherald.com/business/real_estate/2013/09/rental_unit_fee_draws_ire_at_city_hall <p>A large, sometimes raucous turnout by landlords at a City Hall hearing yesterday turned up the heat on Boston lawmakers to repeal an ordinance that requires rental property owners to register and pay a $25 fee for each apartment they own and submit to an inspection every five years.</p> Real Estate Tue, 24 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063316756 http://bostonherald.com/business/technology/technology_news/2013/09/blackberry_sells_to_investor_for_47b <p>Canadian smartphone maker BlackBerry has agreed to sell itself for $4.7 billion after failing to turn around a business that floundered despite new phones and a new operating system — in a move by a BlackBerry investor to stabilize the company, experts said.</p> Technology News Tue, 24 Sep 2013 00:00:00 -0400 Jordan Graham 1063316776 http://bostonherald.com/business/technology/technology_news/2013/09/massive_gmail_outage_finds_google_off_message <p>Gmail users may be in the market for backup alternatives after Google experienced a massive service outage yesterday that affected millions of users.</p><p>Google first acknowledged a problem at 10:25 a.m., when its apps status dashboard said the company was investigating reports of "an issue" with Gmail, as well as Google Documents and Google Presentations.</p> Technology News Tue, 24 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063316856 http://bostonherald.com/business/real_estate/2013/09/striking_a_new_balance <p>New Balance broke ground yesterday on its new world headquarters in Brighton, part of a 14-acre development that city and company officials say could be the start of significant redevelopment in the area.</p><p>The project, called New Brighton Landing, includes a hotel, retail space, office buildings and what New Balance describes as professional-caliber sports facilities. The New Balance facility will get started first, to be followed by the other components.</p> Real Estate Tue, 24 Sep 2013 00:00:00 -0400 Jordan Graham and Richard Weir 1063316861 http://bostonherald.com/business/technology/technology_news/2013/09/citations_pending_for_calif_nuclear_plant_flaw <p>LOS ANGELES — Federal regulators announced Monday they are considering slapping a California utility with two violations for problems that eventually led to the permanent closure of the San Onofre nuclear power plant.</p><p>The Nuclear Regulatory Commission said in a report that Southern California Edison failed to identify a flawed design for four replacement steam generators, which led to excessive wear to hundreds of tubes that carried radioactive water.</p> Technology News Mon, 23 Sep 2013 23:03:21 -0400 Associated Press 1063314626 http://bostonherald.com/business/business_markets/2013/09/the_ticker_6 <p><strong>Chrysler files for IPO</strong></p><p>Chrysler Group filed for an initial public offering of stock yesterday.<br />Share price and number to be sold have not been determined. JPMorgan is listed as the investment banker.<br />All the shares to be sold will come from a 41.5 percent stake in Chrysler held by a United Auto Workers retirement trust, the registration document says. The trust wants to cash out so it is liquid enough to pay benefits and not be so heavily invested in a single company.</p> Business & Markets Mon, 23 Sep 2013 22:43:00 -0400 herald.staff 1063317176 http://bostonherald.com/business/business_markets/2013/09/former_qualcomm_exec_charged_with_insider_trading <p>SAN DIEGO — A former senior executive at Qualcomm Inc. made nearly $250,000 in illegal profits from using inside information to buy stock in the wireless technology company and an acquisition target before major public announcements, according to an indictment unsealed Monday.</p> Business & Markets Mon, 23 Sep 2013 20:50:01 -0400 Associated Press 1063315701 http://bostonherald.com/business/business_markets/2013/09/tycoon_plans_8b_chinese_hollywood_studio_complex <p>QINGDAO, China — China's richest man plans to spend 50 billion yuan ($8.2 billion) to build the country's version of Hollywood in the northeastern city of Qingdao.</p><p>In a glitzy, star-studded red carpet event Sunday, Wang Jianlin said his company, Dalian Wanda Group, will build a state-of-the-art film studio complex in a bid to dominate China's rapidly growing movie market.</p> Business & Markets Mon, 23 Sep 2013 20:27:47 -0400 Associated Press 1063313756 http://bostonherald.com/business/business_markets/2013/09/allegiant_1_in_10_tickets_affected_by_md_80_rehab <p>LAS VEGAS — More than one in 10 weekend Allegiant Air passengers were affected by schedule shuffling after the airline grounded its MD-80 fleet for maintenance of emergency exit slides, a company official said Monday.</p><p>After canceling 12 flights on six routes Monday and rescheduling those customers to fly Tuesday, company spokesman Brian Davis said administrators believed the Las Vegas-based airline would eliminate its backlog of flights for at least several days.</p> Business & Markets Mon, 23 Sep 2013 20:15:51 -0400 Associated Press 1063315061 http://bostonherald.com/business/business_markets/2013/09/bank_of_america_told_to_pay_in_discrimination_case <p>CHARLOTTE, N.C. — An administrative law judge with the U.S. Department of Labor has ordered Bank of America to pay black job applicants more than $2 million in back wages and interest to settle a discrimination case.</p><p>A statement from the agency said the Charlotte-based bank applied unfair and inconsistent selection criteria, leading to the rejection of qualified black applicants for teller and entry-level clerical and administrative positions.</p> Business & Markets Mon, 23 Sep 2013 20:07:00 -0400 Associated Press 1063316476 http://bostonherald.com/business/business_markets/2013/09/adm_looking_to_move_longtime_headquarters <p>DECATUR, Ill. — Agribusiness giant Archer Daniels Midland Company said Monday that after 44 years in the small central Illinois city of Decatur, it is looking for a new location for its headquarters with better access to its global customers.</p><p>ADM said it is already considering a list of potential locations for what it's calling its new global headquarters, but doesn't plan to publicly discuss where it could be headed or how long it will take to make the decision. Chicago is among those candidates, city officials said.</p> Business & Markets Mon, 23 Sep 2013 19:59:00 -0400 Associated Press 1063315596 http://bostonherald.com/business/business_markets/2013/09/td_bank_pays_525m_in_charges_tied_to_ponzi_scam <p>WASHINGTON — TD Bank is paying $52.5 million to settle U.S. allegations it failed to report suspicious activity in accounts linked to a $1.2 billion Ponzi scheme and lied about the accounts to investors.</p><p>The Securities and Exchange Commission and the Office of the Comptroller of the Currency announced settlements Monday with the Canadian bank.</p> Business & Markets Mon, 23 Sep 2013 19:38:42 -0400 Associated Press 1063315646 http://bostonherald.com/business/business_markets/2013/09/german_government_to_stay_course_in_euro_crisis <p>FRANKFURT, Germany — The big win for Angela Merkel's conservative party was an endorsement by German voters of her tough policies in tackling the euro currency union's government debt troubles. So don't expect any big change in course from her.</p><p>Merkel ran for re-election on her basic formula: help financially weak countries but impose harsh conditions, such as deep budget cuts and politically painful economic reforms.</p> Business & Markets Mon, 23 Sep 2013 17:12:34 -0400 Associated Press 1063314641 http://bostonherald.com/business/business_markets/2013/09/disney_changing_line_jumping_program_for_disabled <p>ANAHEIM, Calif. — People with disabilities will no longer go straight to the front of lines at Disneyland and Walt Disney World after growing abuse of the system, park officials said.</p><p>Under the change, visitors will be issued tickets with a return time and a shorter wait similar to the FastPass system that's offered to everyone.</p><p>Currently, visitors unable to wait in the regular line can get backdoor access to rides or go through the exit and wait in a shorter line.</p> Business & Markets Mon, 23 Sep 2013 17:08:00 -0400 Associated Press 1063315936 http://bostonherald.com/business/technology/technology_news/2013/09/apples_sales_of_new_iphones_off_to_fast_start <p>SAN FRANCISCO — Gadget lovers still can't resist the iPhone's seductive call, even amid a bevy of enticing lower-priced alternatives that offer similar features.</p><p>In a Monday announcement, Apple Inc. said it sold 9 million units of its top-of-the-line iPhone 5S and less-expensive iPhone 5C during their first three days on sale. That trounced the performance of last year's model, the iPhone 5, which sold 5 million units in its opening weekend.</p> Technology News Mon, 23 Sep 2013 16:36:23 -0400 Associated Press 1063314436 http://bostonherald.com/business/business_markets/2013/09/microsoft_unveils_new_surface_fixes_shortcomings <p>NEW YORK — Microsoft refreshed its Surface tablet computers Monday, giving them longer battery life and better comfort on laps as the software giant continues its transformation into a devices and services company.</p> Business & Markets Mon, 23 Sep 2013 16:12:52 -0400 Associated Press 1063314721 http://bostonherald.com/business/business_markets/2013/09/long_strange_trip_ending_for_vws_hippie_van <p>SAO PAULO — It carried hippies through the 1960s, hauled surfers in search of killer waves during endless summers and serves as a workhorse across the developing world, but the long, strange trip of the Volkswagen van is ending.</p><p>Brazil is the last place in the world still producing the iconic vehicle, or "bus" as it's known by aficionados, but VW says production will end Dec. 31. Safety regulations mandate that every vehicle in Brazil must have air bags and anti-lock braking systems starting in 2014, and the company says it cannot change production to meet the law.</p> Business & Markets Mon, 23 Sep 2013 16:00:23 -0400 Associated Press 1063313656
http://bostonherald.com/feed/4 en http://bostonherald.com/business/business_markets/2013/09/new_zealand_airline_plans_antarctic_ice_landings <p>WELLINGTON, New Zealand — New Zealand's flagship airline plans to fly planes to Antarctica that pilots would land on an ice runway.</p><p>But tourists wanting to travel to the frozen continent will need to keep their hopes in check. The chartered Air New Zealand flights would be for scientists and their support crews, and the airline said Tuesday it has no plans to begin commercial trips.</p><p>Many countries already fly scientists to Antarctica. But those flights are typically run by government or military agencies, or by specialized companies.</p> Business & Markets Tue, 24 Sep 2013 05:25:29 -0400 Associated Press 1063317676 http://bostonherald.com/business/business_markets/2013/09/burger_king_launching_lower_calorie_french_fry <p>NEW YORK — Burger King wants people to feel less guilty about gobbling up its french fries.</p><p>The world's No. 2 hamburger chain is launching a new crinkle-cut french fry on Tuesday that it says has about 20 percent fewer calories than its regular french fries.</p><p>The chain says a small order of the new "Satisfries" clocks in at 270 calories because of a new batter that doesn't absorb as much oil. By comparison, a small order of its regular fries, sans crinkles, has 340 calories.</p> Business & Markets Tue, 24 Sep 2013 01:28:25 -0400 Associated Press 1063317046 http://bostonherald.com/business/business_markets/2013/09/toys_r_us_to_add_45000_seasonal_hires <p>NEW YORK — Toys R Us plans to hire 45,000 seasonal workers at its stores and distribution centers, the same number as last year, as it ramps up for the all-important holiday season.</p><p>Coming off a slower-than-expected back-to-school season, analysts and stores are bracing for a tough holiday shopping period, which accounts for as much as 40 percent of stores' annual revenue.</p><p>Stores typically begin to hire for the holidays in mid-September and ramp up hiring in mid-October.</p> Business & Markets Tue, 24 Sep 2013 00:02:00 -0400 Associated Press 1063317431 http://bostonherald.com/business/real_estate/2013/09/rental_unit_fee_draws_ire_at_city_hall <p>A large, sometimes raucous turnout by landlords at a City Hall hearing yesterday turned up the heat on Boston lawmakers to repeal an ordinance that requires rental property owners to register and pay a $25 fee for each apartment they own and submit to an inspection every five years.</p> Real Estate Tue, 24 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063316756 http://bostonherald.com/business/technology/technology_news/2013/09/blackberry_sells_to_investor_for_47b <p>Canadian smartphone maker BlackBerry has agreed to sell itself for $4.7 billion after failing to turn around a business that floundered despite new phones and a new operating system — in a move by a BlackBerry investor to stabilize the company, experts said.</p> Technology News Tue, 24 Sep 2013 00:00:00 -0400 Jordan Graham 1063316776 http://bostonherald.com/business/technology/technology_news/2013/09/massive_gmail_outage_finds_google_off_message <p>Gmail users may be in the market for backup alternatives after Google experienced a massive service outage yesterday that affected millions of users.</p><p>Google first acknowledged a problem at 10:25 a.m., when its apps status dashboard said the company was investigating reports of "an issue" with Gmail, as well as Google Documents and Google Presentations.</p> Technology News Tue, 24 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063316856 http://bostonherald.com/business/real_estate/2013/09/striking_a_new_balance <p>New Balance broke ground yesterday on its new world headquarters in Brighton, part of a 14-acre development that city and company officials say could be the start of significant redevelopment in the area.</p><p>The project, called New Brighton Landing, includes a hotel, retail space, office buildings and what New Balance describes as professional-caliber sports facilities. The New Balance facility will get started first, to be followed by the other components.</p> Real Estate Tue, 24 Sep 2013 00:00:00 -0400 Jordan Graham and Richard Weir 1063316861 http://bostonherald.com/business/technology/technology_news/2013/09/citations_pending_for_calif_nuclear_plant_flaw <p>LOS ANGELES — Federal regulators announced Monday they are considering slapping a California utility with two violations for problems that eventually led to the permanent closure of the San Onofre nuclear power plant.</p><p>The Nuclear Regulatory Commission said in a report that Southern California Edison failed to identify a flawed design for four replacement steam generators, which led to excessive wear to hundreds of tubes that carried radioactive water.</p> Technology News Mon, 23 Sep 2013 23:03:21 -0400 Associated Press 1063314626 http://bostonherald.com/business/business_markets/2013/09/the_ticker_6 <p><strong>Chrysler files for IPO</strong></p><p>Chrysler Group filed for an initial public offering of stock yesterday.<br />Share price and number to be sold have not been determined. JPMorgan is listed as the investment banker.<br />All the shares to be sold will come from a 41.5 percent stake in Chrysler held by a United Auto Workers retirement trust, the registration document says. The trust wants to cash out so it is liquid enough to pay benefits and not be so heavily invested in a single company.</p> Business & Markets Mon, 23 Sep 2013 22:43:00 -0400 herald.staff 1063317176 http://bostonherald.com/business/business_markets/2013/09/former_qualcomm_exec_charged_with_insider_trading <p>SAN DIEGO — A former senior executive at Qualcomm Inc. made nearly $250,000 in illegal profits from using inside information to buy stock in the wireless technology company and an acquisition target before major public announcements, according to an indictment unsealed Monday.</p> Business & Markets Mon, 23 Sep 2013 20:50:01 -0400 Associated Press 1063315701 http://bostonherald.com/business/business_markets/2013/09/tycoon_plans_8b_chinese_hollywood_studio_complex <p>QINGDAO, China — China's richest man plans to spend 50 billion yuan ($8.2 billion) to build the country's version of Hollywood in the northeastern city of Qingdao.</p><p>In a glitzy, star-studded red carpet event Sunday, Wang Jianlin said his company, Dalian Wanda Group, will build a state-of-the-art film studio complex in a bid to dominate China's rapidly growing movie market.</p> Business & Markets Mon, 23 Sep 2013 20:27:47 -0400 Associated Press 1063313756 http://bostonherald.com/business/business_markets/2013/09/allegiant_1_in_10_tickets_affected_by_md_80_rehab <p>LAS VEGAS — More than one in 10 weekend Allegiant Air passengers were affected by schedule shuffling after the airline grounded its MD-80 fleet for maintenance of emergency exit slides, a company official said Monday.</p><p>After canceling 12 flights on six routes Monday and rescheduling those customers to fly Tuesday, company spokesman Brian Davis said administrators believed the Las Vegas-based airline would eliminate its backlog of flights for at least several days.</p> Business & Markets Mon, 23 Sep 2013 20:15:51 -0400 Associated Press 1063315061 http://bostonherald.com/business/business_markets/2013/09/bank_of_america_told_to_pay_in_discrimination_case <p>CHARLOTTE, N.C. — An administrative law judge with the U.S. Department of Labor has ordered Bank of America to pay black job applicants more than $2 million in back wages and interest to settle a discrimination case.</p><p>A statement from the agency said the Charlotte-based bank applied unfair and inconsistent selection criteria, leading to the rejection of qualified black applicants for teller and entry-level clerical and administrative positions.</p> Business & Markets Mon, 23 Sep 2013 20:07:00 -0400 Associated Press 1063316476 http://bostonherald.com/business/business_markets/2013/09/adm_looking_to_move_longtime_headquarters <p>DECATUR, Ill. — Agribusiness giant Archer Daniels Midland Company said Monday that after 44 years in the small central Illinois city of Decatur, it is looking for a new location for its headquarters with better access to its global customers.</p><p>ADM said it is already considering a list of potential locations for what it's calling its new global headquarters, but doesn't plan to publicly discuss where it could be headed or how long it will take to make the decision. Chicago is among those candidates, city officials said.</p> Business & Markets Mon, 23 Sep 2013 19:59:00 -0400 Associated Press 1063315596 http://bostonherald.com/business/business_markets/2013/09/td_bank_pays_525m_in_charges_tied_to_ponzi_scam <p>WASHINGTON — TD Bank is paying $52.5 million to settle U.S. allegations it failed to report suspicious activity in accounts linked to a $1.2 billion Ponzi scheme and lied about the accounts to investors.</p><p>The Securities and Exchange Commission and the Office of the Comptroller of the Currency announced settlements Monday with the Canadian bank.</p> Business & Markets Mon, 23 Sep 2013 19:38:42 -0400 Associated Press 1063315646 http://bostonherald.com/business/business_markets/2013/09/german_government_to_stay_course_in_euro_crisis <p>FRANKFURT, Germany — The big win for Angela Merkel's conservative party was an endorsement by German voters of her tough policies in tackling the euro currency union's government debt troubles. So don't expect any big change in course from her.</p><p>Merkel ran for re-election on her basic formula: help financially weak countries but impose harsh conditions, such as deep budget cuts and politically painful economic reforms.</p> Business & Markets Mon, 23 Sep 2013 17:12:34 -0400 Associated Press 1063314641 http://bostonherald.com/business/business_markets/2013/09/disney_changing_line_jumping_program_for_disabled <p>ANAHEIM, Calif. — People with disabilities will no longer go straight to the front of lines at Disneyland and Walt Disney World after growing abuse of the system, park officials said.</p><p>Under the change, visitors will be issued tickets with a return time and a shorter wait similar to the FastPass system that's offered to everyone.</p><p>Currently, visitors unable to wait in the regular line can get backdoor access to rides or go through the exit and wait in a shorter line.</p> Business & Markets Mon, 23 Sep 2013 17:08:00 -0400 Associated Press 1063315936 http://bostonherald.com/business/technology/technology_news/2013/09/apples_sales_of_new_iphones_off_to_fast_start <p>SAN FRANCISCO — Gadget lovers still can't resist the iPhone's seductive call, even amid a bevy of enticing lower-priced alternatives that offer similar features.</p><p>In a Monday announcement, Apple Inc. said it sold 9 million units of its top-of-the-line iPhone 5S and less-expensive iPhone 5C during their first three days on sale. That trounced the performance of last year's model, the iPhone 5, which sold 5 million units in its opening weekend.</p> Technology News Mon, 23 Sep 2013 16:36:23 -0400 Associated Press 1063314436 http://bostonherald.com/business/business_markets/2013/09/microsoft_unveils_new_surface_fixes_shortcomings <p>NEW YORK — Microsoft refreshed its Surface tablet computers Monday, giving them longer battery life and better comfort on laps as the software giant continues its transformation into a devices and services company.</p> Business & Markets Mon, 23 Sep 2013 16:12:52 -0400 Associated Press 1063314721 http://bostonherald.com/business/business_markets/2013/09/long_strange_trip_ending_for_vws_hippie_van <p>SAO PAULO — It carried hippies through the 1960s, hauled surfers in search of killer waves during endless summers and serves as a workhorse across the developing world, but the long, strange trip of the Volkswagen van is ending.</p><p>Brazil is the last place in the world still producing the iconic vehicle, or "bus" as it's known by aficionados, but VW says production will end Dec. 31. Safety regulations mandate that every vehicle in Brazil must have air bags and anti-lock braking systems starting in 2014, and the company says it cannot change production to meet the law.</p> Business & Markets Mon, 23 Sep 2013 16:00:23 -0400 Associated Press 1063313656
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