The Ticker

Back Bay parking space sells for $125G An off-street parking space behind 349 Marlborough St. in the Back Bay went for a cool $125,000 yesterday at auction. That's a relative bargain compared to two tandem parking spaces just a couple of blocks away...

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Karen Spilka flips tech tax vote

An Ashland state senator running for Congress is trying to lead the charge to repeal the so-called "tech tax" just weeks after she voted at least three times to support the measure — a flip-flop her rivals say is a conveniently timed attempt to score...

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Finish line cos. struggling

Four months after the Boston Marathon bombings, some Boylston Street businesses are still struggling to return to a sense of normalcy, even as the one that was closed the longest marks a welcome milestone with its relaunch today. Forum General Manager...

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German economy grows by 0.7 percent in 2nd quarter

BERLIN — The German economy, Europe's biggest, gained steam following a weak start into the year, growing by 0.7 percent in the April-June quarter compared with the previous three-month period, the country's Federal Statistics Office said on Wednesday....

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Gov't uses airline executives' words against them

NEW YORK — In making its case against an American Airlines-US Airways merger, the government relies heavily on an unusual source of evidence: the airlines' own executives. Throughout the 56-page lawsuit filed Tuesday, Department of Justice lawyers quote...

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Cathay ekes out 1H profit as air cargo stays weak

HONG KONG — Cathay Pacific Airways Ltd. scratched out a small first-half profit as weak global demand continued to batter its air cargo business. The carrier said Wednesday it earned 24 million Hong Kong dollars ($3.1 million) in the January-June period....

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Oil extends gains above $106 a barrel

BANGKOK — The price of oil rose modestly Tuesday as traders waited for more economic news from the U.S. Benchmark crude for September delivery was up 20 cents to $106.31 a barrel at midday Bangkok time in electronic trading on the New York Mercantile...

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Comcast expands low-cost Internet plan, ups speed

LOS ANGELES — Comcast Corp., the nation's largest cable company, is expanding the number of low-income families that can automatically qualify for its $9.95-per-month Internet access. It's also boosting download speeds on the service to 5 megabytes per...

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Japan's Nikkei leads global stocks higher

BANGKOK — Japan's Nikkei stock index posted solid gains Tuesday on hopes for more monetary stimulus and helped pull markets up elsewhere. The Tokyo benchmark rose 2.6 percent to close at 13,867, rebounding from a moderate drop Monday sparked by weaker-than-anticipated...

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Handy pebble rocks a little

With the flood of Apple iWatch and Samsung Galaxy Gear rumors, it would be easy to see a future where everything we need is in a mobile device on our wrist, or in frames around our eyes. Still, that literal version of a constantly connected society isn't...

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White House calls for increased grid spending

NEW YORK — The cost of weather-related power outages is rising as storms grow more severe and the U.S. electric grid gets older, an Obama Administration report says. It calls for increased spending on the nation's electric power system. Power outages...

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Japan economy up sluggish 2.6 percent for quarter

TOKYO — Japan's economy grew a slower-than-expected 2.6 percent last quarter as companies wary over the prospects for a sustained recovery kept a tight rein on investment. On a quarter-to-quarter basis, the world's third-largest economy grew 0.6 percent...

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Raynham joins group to organize casino worker training

The Massachusetts Casino Careers Training Institute has added Raynham Park to the list of prospective slots parlor and casino operators agreeing to collaborate on workforce development issues with the consortium of community colleges. As the would-be...

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Biotechs push to save tax credit for rare-disease medicine makers

Some of the Bay State's biggest biotech companies are teaming up with drug makers and patient advocacy groups across the country to wage battle to protect the crucial federal tax credit that provides a key incentive for pharmaceutical companies to develop...

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City eyes authority on liquor licenses

A Boston city councilor is making a fresh push to wrest control of Boston's liquor licensing process from the Legislature, arguing that giving the city the power to increase the number of licenses issued would help revitalize neighborhoods by reducing...

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