Business - BostonHerald.com

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Sat, 20 Oct 2012 05:14:40 -0400 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168949&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168949&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168949&srvc=rss Jamaica Plain residents were left speechless and frustrated Thursday night after the Boston Redevelopment Authority... business Fri, 19 Oct 2012 22:55:00 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168940&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168940&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168940&srvc=rss City Councilor Salvatore LaMattina threw his "full support" yesterday behind a proposed Boston Harbor Cruises floating... business Fri, 19 Oct 2012 22:41:09 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168970&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168970&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168970&srvc=rss NEW YORK - Television viewership for the AL championship series on TBS was up 28 percent over last year's coverage... business Fri, 19 Oct 2012 22:01:35 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168936&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168936&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168936&srvc=rss This architect-designed Cambridge contemporary built in 1955 is the home of famed legal eagle and Harvard law... business Fri, 19 Oct 2012 21:53:04 -0400 http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168934&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168934&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168934&srvc=rss Is it a car, a van or a throwback to old-style station wagons? The Ford Flex rides smoothly, seats up to... business Fri, 19 Oct 2012 21:38:16 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168939&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168939&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168939&srvc=rss Somerville resident Sophia Shrand plays the role of the Tooth Fairy during Central Square Theater's Youth Underground... business Fri, 19 Oct 2012 21:33:06 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168929&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168929&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168929&srvc=rss WASHINGTON - Regulators say they have closed two banks in Florida, and one in Missouri, bringing to 46 the number... business Fri, 19 Oct 2012 19:37:24 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168923&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168923&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168923&srvc=rss WASHINGTON - Freezing human eggs can be successful in treating infertility - but guidelines issued Friday still... business Fri, 19 Oct 2012 18:24:16 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168757&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168757&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168757&srvc=rss The struggling New England Patriots have a new song penned by Aerosmith, sung by Steven Tyler to the tune of the... business Fri, 19 Oct 2012 18:12:27 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168896&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168896&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168896&srvc=rss WASHINGTON - The maker of Banana Boat sunscreen is recalling some half-million bottles of spray-on lotion after... business Fri, 19 Oct 2012 17:28:34 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168915&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168915&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168915&srvc=rss NEW YORK - Poor corporate earnings reports pounded the stock market today in a sour end to an otherwise strong... business Fri, 19 Oct 2012 17:05:53 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168913&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168913&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168913&srvc=rss Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the... business Fri, 19 Oct 2012 16:51:37 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168897&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168897&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168897&srvc=rss Hub City Councilor Salvatore LaMattina threw "full support" today behind a proposed Boston Harbor Cruises floating... business Fri, 19 Oct 2012 15:06:27 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168894&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168894&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168894&srvc=rss After more than 20 years down the stairs from Suffolk Superior Court, Goverment Center staple Plaza Deli & Catering... business Fri, 19 Oct 2012 14:43:08 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168875&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168875&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168875&srvc=rss The Boston Redevelopment Authority has approved Boston University's $172 million expansion of its law school tower... business Fri, 19 Oct 2012 14:30:50 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168886&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168886&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168886&srvc=rss Steward Health Care System and Partners HealthCare have entered into a partnership, effective immediately, focusing... business Fri, 19 Oct 2012 13:49:51 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168884&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168884&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168884&srvc=rss MADRID - Spain is considering a ban on photographing, filming or reproducing images of police and state security... business Fri, 19 Oct 2012 13:40:06 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168883&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168883&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168883&srvc=rss TransCanada has reaffirmed its plan to restart the Keystone oil pipeline from Canada to the Midwest on Saturday,... business Fri, 19 Oct 2012 13:35:56 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168871&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168871&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168871&srvc=rss The price of oil is falling after TransCanada reaffirmed its plans to restart a pipeline this weekend that carries... business Fri, 19 Oct 2012 11:44:48 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168867&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168867&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168867&srvc=rss Local real estate nonprofit Historic Boston Inc. will receive $200,000 to turn the historic Alvah Kittredge House... business Fri, 19 Oct 2012 11:18:19 -0400 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168864&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168864&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168864&srvc=rss Brookline-based Beaver Country Day School has been awarded a Lemelson-MIT InvenTeam grant of $10,000 to create... business Fri, 19 Oct 2012 11:17:27 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168863&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168863&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168863&srvc=rss Local ad agency Hill Holliday was awarded "Best of Show" this week at the Ad Club's 52nd annual Hatch Awards for... business Fri, 19 Oct 2012 11:16:46 -0400 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168865&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168865&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168865&srvc=rss Hub-based web production company Bocoup will host a two-day conference in December designed to help aspiring web... business Fri, 19 Oct 2012 11:16:02 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168759&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168759&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168759&srvc=rss Dozens of workers from companies affiliated with Bain Capital, the private equity firm founded by GOP presidential... business Fri, 19 Oct 2012 11:06:32 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168861&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168861&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168861&srvc=rss Igor Vovkovinsky, the tallest man in America, has found his footing. Yesterday in a private setting at the Rochester... business Fri, 19 Oct 2012 11:05:58 -0400

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Sat, 20 Oct 2012 05:14:40 -0400 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168949&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168949&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168949&srvc=rss Jamaica Plain residents were left speechless and frustrated Thursday night after the Boston Redevelopment Authority... business Fri, 19 Oct 2012 22:55:00 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168940&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168940&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168940&srvc=rss City Councilor Salvatore LaMattina threw his "full support" yesterday behind a proposed Boston Harbor Cruises floating... business Fri, 19 Oct 2012 22:41:09 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168970&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168970&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168970&srvc=rss NEW YORK - Television viewership for the AL championship series on TBS was up 28 percent over last year's coverage... business Fri, 19 Oct 2012 22:01:35 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168936&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168936&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168936&srvc=rss This architect-designed Cambridge contemporary built in 1955 is the home of famed legal eagle and Harvard law... business Fri, 19 Oct 2012 21:53:04 -0400 http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168934&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168934&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168934&srvc=rss Is it a car, a van or a throwback to old-style station wagons? The Ford Flex rides smoothly, seats up to... business Fri, 19 Oct 2012 21:38:16 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168939&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168939&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168939&srvc=rss Somerville resident Sophia Shrand plays the role of the Tooth Fairy during Central Square Theater's Youth Underground... business Fri, 19 Oct 2012 21:33:06 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168929&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168929&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168929&srvc=rss WASHINGTON - Regulators say they have closed two banks in Florida, and one in Missouri, bringing to 46 the number... business Fri, 19 Oct 2012 19:37:24 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168923&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168923&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168923&srvc=rss WASHINGTON - Freezing human eggs can be successful in treating infertility - but guidelines issued Friday still... business Fri, 19 Oct 2012 18:24:16 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168757&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168757&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168757&srvc=rss The struggling New England Patriots have a new song penned by Aerosmith, sung by Steven Tyler to the tune of the... business Fri, 19 Oct 2012 18:12:27 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168896&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168896&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168896&srvc=rss WASHINGTON - The maker of Banana Boat sunscreen is recalling some half-million bottles of spray-on lotion after... business Fri, 19 Oct 2012 17:28:34 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168915&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168915&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168915&srvc=rss NEW YORK - Poor corporate earnings reports pounded the stock market today in a sour end to an otherwise strong... business Fri, 19 Oct 2012 17:05:53 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168913&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168913&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168913&srvc=rss Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the... business Fri, 19 Oct 2012 16:51:37 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168897&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168897&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168897&srvc=rss Hub City Councilor Salvatore LaMattina threw "full support" today behind a proposed Boston Harbor Cruises floating... business Fri, 19 Oct 2012 15:06:27 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168894&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168894&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168894&srvc=rss After more than 20 years down the stairs from Suffolk Superior Court, Goverment Center staple Plaza Deli & Catering... business Fri, 19 Oct 2012 14:43:08 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168875&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168875&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168875&srvc=rss The Boston Redevelopment Authority has approved Boston University's $172 million expansion of its law school tower... business Fri, 19 Oct 2012 14:30:50 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168886&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168886&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168886&srvc=rss Steward Health Care System and Partners HealthCare have entered into a partnership, effective immediately, focusing... business Fri, 19 Oct 2012 13:49:51 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168884&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168884&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168884&srvc=rss MADRID - Spain is considering a ban on photographing, filming or reproducing images of police and state security... business Fri, 19 Oct 2012 13:40:06 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168883&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168883&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168883&srvc=rss TransCanada has reaffirmed its plan to restart the Keystone oil pipeline from Canada to the Midwest on Saturday,... business Fri, 19 Oct 2012 13:35:56 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168871&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168871&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168871&srvc=rss The price of oil is falling after TransCanada reaffirmed its plans to restart a pipeline this weekend that carries... business Fri, 19 Oct 2012 11:44:48 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168867&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168867&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168867&srvc=rss Local real estate nonprofit Historic Boston Inc. will receive $200,000 to turn the historic Alvah Kittredge House... business Fri, 19 Oct 2012 11:18:19 -0400 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168864&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168864&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168864&srvc=rss Brookline-based Beaver Country Day School has been awarded a Lemelson-MIT InvenTeam grant of $10,000 to create... business Fri, 19 Oct 2012 11:17:27 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168863&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168863&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168863&srvc=rss Local ad agency Hill Holliday was awarded "Best of Show" this week at the Ad Club's 52nd annual Hatch Awards for... business Fri, 19 Oct 2012 11:16:46 -0400 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168865&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168865&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168865&srvc=rss Hub-based web production company Bocoup will host a two-day conference in December designed to help aspiring web... business Fri, 19 Oct 2012 11:16:02 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168759&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168759&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168759&srvc=rss Dozens of workers from companies affiliated with Bain Capital, the private equity firm founded by GOP presidential... business Fri, 19 Oct 2012 11:06:32 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168861&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168861&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168861&srvc=rss Igor Vovkovinsky, the tallest man in America, has found his footing. Yesterday in a private setting at the Rochester... business Fri, 19 Oct 2012 11:05:58 -0400

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Google, Samsung to sell Chrome laptop for $249

SAN FRANCISCO — Google is dangling a low-priced laptop computer in front of consumers as rivals Microsoft and Apple prepare to release their latest gadgets.

The lightweight computer unveiled Thursday will sell for $249 and is being made in a partnership with Samsung Electronics Co. Ltd., which also makes smartphones and tablet computers that run on Google's Android software.

The laptop will run on an operating system revolving around Google's Chrome Web browser.

Like other so-called Chromebooks, this laptop doesn't have a hard drive. It functions like a terminal dependent on an Internet connection to get to information and applications stored in large data centers run by Google Inc. or other technology providers.

It's the least expensive Chromebook that Google has released in the two years that it has been working on the product line. Google and Samsung released a slightly more sophisticated Chromebook priced at $449 in the late spring.

The lower-priced model will go on sale early next week in more than 500 Best Buy stores in the U.S., as well as on various websites. Google hopes to begin accepting online orders at its Play store by this weekend.

Google Inc. appears to be trying to beat Microsoft and Apple to the punch with the discount Chromebook.

Microsoft Corp. is poised to release Windows 8, a dramatic makeover of its famous operating system, on Oct. 26. The long-awaited makeover is designed to run on touch-based tablets, as well as laptop and desktop computers. A variety of manufacturers will be selling a hodgepodge of Windows 8-powered personal computers and tablets. The prices of most of those machines, including a tablet made by Microsoft, will range from $500 to $1,000.

Apple Inc. says it plans to show off a new product Tuesday. The event is widely expected to be the coming-out party for a slightly smaller version of its hot-selling iPad.

The mini iPad is expected to feature a 7.85-inch screen compared to the nearly 10-inch screen of the pioneering iPad. Industry analysts expect Apple to price a smaller iPad in the $249 to $299 range in an effort to siphon sales away from other scaled-down tablets, such as Google's Nexus 7 and Amazon.com Inc.'s Kindle Fire.

Now, Google has a laptop vying for a piece of the same market.

"This is a big step in the journey for us," said Sundar Pichai, Google's senior vice president of Chrome and apps. "I think it's generally an exciting time in the computing industry."

Like tablets, the discount Chromebook will rely on a computer chip design known as ARM, instead of Intel Corp. microprocessors. The ARM architecture is more energy efficient, extending the duration of batteries between charges.

With an 11.6-inch screen, the new Chromebooks also will have a larger display than tablets selling in the same price range.

The laptops will be set up to automatically use all of Google's services, including its search engine, Gmail and YouTube video site. Because the laptop lacks a hard drive, Google also is offering 100 gigabytes of free storage on computers kept in its eight data centers. Those remote computers provide the backbone for Google's online storage service, Drive.

Despite the low price, the new Chromebook will face a tough time winning over consumers because it isn't set up like a traditional PC with a hard drive, said Gartner Inc. analyst Carolina Milanesi.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Newsweek had unique troubles as industry recovers

LOS ANGELES — Newsweek's decision to stop publishing a print edition after 80 years and bet its life entirely on a digital future may be more a commentary on its own problems than a definitive statement on the health of the magazine industry.

Magazine ad revenue in the U.S. is seen rising 2.6 percent this year to $18.3 billion, according to research firm eMarketer. That would be the third increase in three years, driven mainly by gains in digital ad sales, though print ads are expected to be flat.

Paid magazine subscriptions were up 1.1 percent in the first half of the year, according to the Audit Bureau of Circulations. And while single-copy sales at newsstands are down 9.6 percent, overall circulation - the bulk of which is in print - is steady compared to a year ago.

The water is so warm for the magazine industry that in the first nine months of the year, 181 new magazines were launched while only about a third as many, or 61, closed, according to publication database MediaFinder.com.

By several measures, the magazine business has stabilized, albeit at a lower level, since the Great Recession ended three years ago.

For some, that casts a harsher light on Newsweek's decision to abandon print - affecting the nearly 1.4 million Newsweek subscribers who get their copy each week in the mail. They say it speaks to the magazine's trouble connecting with and keeping its readers.

That brings to mind some questionable covers, like the July 2011 what-if image depicting what Princess Diana would have looked like at age 50, or last month's "Muslim Rage" cover depicting angry protesters, which was roundly mocked on social networks like Twitter.

Newsweek is using a difficult print ad environment as an "excuse" for its decision to end print runs, said Samir Husni, director of the Magazine Innovation Center at the University of Mississippi School of Journalism. He lays the blame at the feet of Tina Brown, the editor who took control of Newsweek when it merged with the news website she ran, The Daily Beast, two years ago.

"Tina Brown took Newsweek in the wrong direction," Husni said. "Newsweek did not die, Newsweek committed suicide."

To be sure, the problems were acute by the time Brown took control. Newsweek's circulation had plummeted from about 3.1 million in 2007 to 1.8 million in 2010, when The Washington Post Co. sold the magazine to stereo equipment magnate Sidney Harman for $1. Harman later placed Newsweek into a joint venture with IAC/InterActiveCorp's The Daily Beast website in an effort to trim the magazine's losses and widen its online audience.

This year, total circulation is down to about 1.5 million, less than half of what it was five years earlier, even including about 29,000 digital copies.

Meanwhile, circulation of rival Time magazine is down from about 4 million in 2006 to 3.3 million this year, a decline of just 19 percent.

General news format magazines have been challenged with the rise of news reading on the Internet, much of which is free. And Newsweek isn't the first to drop its print product. US News & World Report dropped its weekly print edition years ago and now focuses on the Web and special print editions, such as a guide to the best graduate schools. SmartMoney announced in June that it was going all-digital.

Yet others are succeeding. The Economist has nearly doubled its circulation to 1.6 million from 844,000 a year ago. The Week is up to 541,000 from 525,000.

And unlike the bold move by Newsweek, many publications are taking steps to add digital formats while maintaining the print product, which is still the mainstay of their business.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Foreign investment in China falls in September

BEIJING — Foreign investment in China fell again in September and a government spokesman said Friday it was too early to forecast a recovery in trade.

The decline in foreign direct investment added to mixed signals about the health of China's economy following Thursday's report that growth slowed to 7.4 percent in the latest quarter. Retail sales and factory output improved, prompting suggestions a recovery might be taking shape.

Foreign direct investment fell 6.8 percent from a year earlier to $8.4 billion, the Ministry of Commerce reported. FDI includes investment in factories and other assets but excludes stocks and other financial assets.

Ministry spokesman Shen Danyang said it was too early to say trade growth is recovering from its slump despite a 9.9 percent rise in exports in September. Shen said global conditions were still difficult and uncertain.

"External demand still faces a lot of difficulties, so we cannot conclude from this month's data alone that China's foreign trade growth has recovered," Shen said at a news conference.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Business - BostonHerald.com

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Thu, 18 Oct 2012 05:21:35 -0400 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/general/view.bg?articleid=1061168533&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168533&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168533&srvc=rss NEW YORK - Macy's is firing its first salvo at the millennials. The venerable department store chain is launching... business Thu, 18 Oct 2012 01:27:25 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168526&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168526&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168526&srvc=rss Hailo says hello to Hub European startup Hailo, which hails cabs for users with just two taps on their smartphones,... business Wed, 17 Oct 2012 22:55:34 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168512&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168512&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168512&srvc=rss Some outdoor advertisers are displaying their displeasure with the state's plan to craft new rules for digital... business Wed, 17 Oct 2012 22:16:09 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168516&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168516&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168516&srvc=rss Massachusetts' top financial cop cracked down on Putnam Investments yesterday for its alleged role in promoting... business Wed, 17 Oct 2012 22:15:28 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168508&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168508&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168508&srvc=rss A pedophile sex abuse scandal involving the late TV host Jimmy Savile is the talk of Britain, and it's putting... business Wed, 17 Oct 2012 22:04:29 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168511&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168511&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168511&srvc=rss A new study suggests a multivitamin a day could help reduce the risk of cancer in older men, but one expert cautions... business Wed, 17 Oct 2012 22:00:38 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168462&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168462&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168462&srvc=rss LOS ANGELES - A federal judge has ruled that the heirs of one of Superman's creators have no right to reclaim copyrights... business Wed, 17 Oct 2012 21:08:55 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168461&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168461&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168461&srvc=rss NEW YORK - The government on Wednesday urged a judge to send a former Goldman Sachs board member convicted of... business Wed, 17 Oct 2012 21:07:24 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168451&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168451&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168451&srvc=rss An office building a block from the State House is up for sale. Real estate firm Jones Lang LaSalle said today... business Wed, 17 Oct 2012 19:01:27 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168356&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168356&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168356&srvc=rss Something as simple - and cheap - as a multivitamin a day could help reduce the risk of cancer in older men, say... business Wed, 17 Oct 2012 18:43:01 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168432&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168432&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168432&srvc=rss NEW YORK - Federal authorities today arrested a man they said was plotting to blow up the Federal Reserve building... business Wed, 17 Oct 2012 18:42:42 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168447&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168447&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168447&srvc=rss Exercise equipment maker Cybex is going private in a merger deal that will result in the Medway company being owned... business Wed, 17 Oct 2012 17:48:29 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168231&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168231&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168231&srvc=rss CNN's Candy Crowley ventured into dangerous territory last night, briefly playing the role of live fact-checker... business Wed, 17 Oct 2012 17:06:01 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168435&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168435&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168435&srvc=rss Hub-based solar power company Satcon filed for Chapter 11 bankruptcy protection today, the second local renewable... business Wed, 17 Oct 2012 16:21:53 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168367&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168367&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168367&srvc=rss Putnam Advisory Co., a subsidiary of Putnam Investments, has been charged with deceiving investors in its role... business Wed, 17 Oct 2012 15:08:33 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168421&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168421&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168421&srvc=rss MGM Resorts International said today it is expanding its investment in Springfield to include a $5 million loan... business Wed, 17 Oct 2012 14:58:48 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168415&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168415&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168415&srvc=rss Richards Barry Joyce & Partners has been hired to market the office space at Copley Place. Mall owner Simon... business Wed, 17 Oct 2012 14:35:09 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168186&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168186&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168186&srvc=rss Consumers planning to mark the start of the holiday shopping season with a Black Friday trip to Wrentham Village... business Wed, 17 Oct 2012 14:17:22 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168414&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168414&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168414&srvc=rss ROANOKE, Va. - An 80-year-old Virginia man who says he contracted fungal meningitis after he received an injection... business Wed, 17 Oct 2012 14:13:36 -0400 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168409&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168409&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168409&srvc=rss Lowell C. McAdam, chairman and CEO of Verizon, will be the keynote speaker at Boston College's Chief Executives'... business Wed, 17 Oct 2012 14:00:57 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168407&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168407&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168407&srvc=rss MassChallenge, an annual $1 million global startup competition and accelerator program, has announced the speakers... business Wed, 17 Oct 2012 13:53:25 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168383&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168383&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168383&srvc=rss WASHINGTON - Federal regulators are proposing setting minimum capital levels that banks and other firms that trade... business Wed, 17 Oct 2012 13:49:45 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168406&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168406&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168406&srvc=rss LAGOS, Nigeria - Gunmen attacked a ship operated by a French oil and gas services company off the coast of Nigeria's... business Wed, 17 Oct 2012 13:49:09 -0400 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168405&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168405&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168405&srvc=rss BOSTON - Satcon Technology Corp. on Wednesday filed for Chapter 11 bankruptcy protection following years of financial... business Wed, 17 Oct 2012 13:46:45 -0400 http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168390&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168390&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168390&srvc=rss Cambridge-based car sharing service Zipcar Inc. said today it has completed the integration of Spain's largest... business Wed, 17 Oct 2012 12:47:53 -0400

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Thu, 18 Oct 2012 05:21:35 -0400 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/general/view.bg?articleid=1061168533&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168533&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168533&srvc=rss NEW YORK - Macy's is firing its first salvo at the millennials. The venerable department store chain is launching... business Thu, 18 Oct 2012 01:27:25 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168526&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168526&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168526&srvc=rss Hailo says hello to Hub European startup Hailo, which hails cabs for users with just two taps on their smartphones,... business Wed, 17 Oct 2012 22:55:34 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168512&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168512&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168512&srvc=rss Some outdoor advertisers are displaying their displeasure with the state's plan to craft new rules for digital... business Wed, 17 Oct 2012 22:16:09 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168516&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168516&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168516&srvc=rss Massachusetts' top financial cop cracked down on Putnam Investments yesterday for its alleged role in promoting... business Wed, 17 Oct 2012 22:15:28 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168508&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168508&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168508&srvc=rss A pedophile sex abuse scandal involving the late TV host Jimmy Savile is the talk of Britain, and it's putting... business Wed, 17 Oct 2012 22:04:29 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168511&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168511&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168511&srvc=rss A new study suggests a multivitamin a day could help reduce the risk of cancer in older men, but one expert cautions... business Wed, 17 Oct 2012 22:00:38 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168462&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168462&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168462&srvc=rss LOS ANGELES - A federal judge has ruled that the heirs of one of Superman's creators have no right to reclaim copyrights... business Wed, 17 Oct 2012 21:08:55 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168461&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168461&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168461&srvc=rss NEW YORK - The government on Wednesday urged a judge to send a former Goldman Sachs board member convicted of... business Wed, 17 Oct 2012 21:07:24 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168451&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168451&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168451&srvc=rss An office building a block from the State House is up for sale. Real estate firm Jones Lang LaSalle said today... business Wed, 17 Oct 2012 19:01:27 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168356&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168356&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168356&srvc=rss Something as simple - and cheap - as a multivitamin a day could help reduce the risk of cancer in older men, say... business Wed, 17 Oct 2012 18:43:01 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168432&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168432&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168432&srvc=rss NEW YORK - Federal authorities today arrested a man they said was plotting to blow up the Federal Reserve building... business Wed, 17 Oct 2012 18:42:42 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168447&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168447&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168447&srvc=rss Exercise equipment maker Cybex is going private in a merger deal that will result in the Medway company being owned... business Wed, 17 Oct 2012 17:48:29 -0400 http://www.bostonherald.com/business/media/view.bg?articleid=1061168231&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168231&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061168231&srvc=rss CNN's Candy Crowley ventured into dangerous territory last night, briefly playing the role of live fact-checker... business Wed, 17 Oct 2012 17:06:01 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168435&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168435&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168435&srvc=rss Hub-based solar power company Satcon filed for Chapter 11 bankruptcy protection today, the second local renewable... business Wed, 17 Oct 2012 16:21:53 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168367&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168367&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168367&srvc=rss Putnam Advisory Co., a subsidiary of Putnam Investments, has been charged with deceiving investors in its role... business Wed, 17 Oct 2012 15:08:33 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168421&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168421&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168421&srvc=rss MGM Resorts International said today it is expanding its investment in Springfield to include a $5 million loan... business Wed, 17 Oct 2012 14:58:48 -0400 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168415&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168415&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061168415&srvc=rss Richards Barry Joyce & Partners has been hired to market the office space at Copley Place. Mall owner Simon... business Wed, 17 Oct 2012 14:35:09 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168186&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168186&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168186&srvc=rss Consumers planning to mark the start of the holiday shopping season with a Black Friday trip to Wrentham Village... business Wed, 17 Oct 2012 14:17:22 -0400 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168414&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168414&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061168414&srvc=rss ROANOKE, Va. - An 80-year-old Virginia man who says he contracted fungal meningitis after he received an injection... business Wed, 17 Oct 2012 14:13:36 -0400 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168409&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168409&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168409&srvc=rss Lowell C. McAdam, chairman and CEO of Verizon, will be the keynote speaker at Boston College's Chief Executives'... business Wed, 17 Oct 2012 14:00:57 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168407&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168407&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168407&srvc=rss MassChallenge, an annual $1 million global startup competition and accelerator program, has announced the speakers... business Wed, 17 Oct 2012 13:53:25 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168383&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168383&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168383&srvc=rss WASHINGTON - Federal regulators are proposing setting minimum capital levels that banks and other firms that trade... business Wed, 17 Oct 2012 13:49:45 -0400 http://www.bostonherald.com/business/general/view.bg?articleid=1061168406&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168406&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061168406&srvc=rss LAGOS, Nigeria - Gunmen attacked a ship operated by a French oil and gas services company off the coast of Nigeria's... business Wed, 17 Oct 2012 13:49:09 -0400 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168405&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168405&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061168405&srvc=rss BOSTON - Satcon Technology Corp. on Wednesday filed for Chapter 11 bankruptcy protection following years of financial... business Wed, 17 Oct 2012 13:46:45 -0400 http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168390&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168390&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061168390&srvc=rss Cambridge-based car sharing service Zipcar Inc. said today it has completed the integration of Spain's largest... business Wed, 17 Oct 2012 12:47:53 -0400

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The Ticker

Citigroup CEO resigns

Citigroup CEO Vikram Pandit shocked Wall Street by abruptly stepping down from his position, in a move that reportedly followed a clash with the company's board over strategy and performance of businesses. President and Chief Operating Officer John Havens also resigned.

Pandit's replacement, effective immediately, is Michael Corbat, who had been CEO of the bank's Europe, Middle East and Africa division.

State Street chief: 'My strategy works'

State Street Corp. chief Jay Hooley defended his strategy for the global custody bank, saying most shareholders like what he is doing, after a report that some large investors are unhappy with his management of the company.

The Hub money manager's shares rose after it posted a third-quarter operating profit that beat analysts' estimates.

Local startups shine with funding

Three local startups, Perfecto Mobile, Handybook and ByteLight, all saw their fortunes rise after receiving $15 million, $2 million and $1.25 million respectively in separate venture capital funding deals.

TODAY

• A Food and Drug Administration Advisory panel reviews Cambridge-based Aegerion Pharmaceuticals' new cholesterol drug, lomitapide.
• Bank of America reports quarterly financial results.

  TOMORROW

• Massachusetts employment data for September is released.
• Natick medical device maker Boston Scientific, Google and Verizon report quarterly financial results.
• Marshalls opens a new store on Brookline Avenue near Fenway Park.
• Former Massachusetts Gov. William Weld is returning to Boston as a partner in Mintz Levin's litigation and corporate sections, and a principal at ML Strategies, the firm's government relations consulting group. Weld has worked for McDermott Will & Emery in New York since leaving office in 1997.

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After Vikram Pandit, a smaller Citi could get smaller yet

NEW YORK — The incredible shrinking bank may have to shrink more.

In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank.

But one possibility given high odds by financial analysts: More cost-cutting, more shrinking and more focus on boring, traditional banking, like making loans.

"It's going to get a lot smaller," said Gerard Cassidy, a long-time banking analyst at RBC Capital Markets. "You've got to shrink to make big money."

In the nearly five years since Pandit took over as CEO, he shed businesses and cut jobs. Staff fell from 375,000 when he took over to 262,000.

Once the nation's largest bank, Citi is now the third-largest, with $1.9 trillion in assets. It trails JPMorgan Chase, with $2.3 trillion, and Bank of America, with $2.1 trillion.

Citi's new CEO is Michael Corbat, 52. He had been the CEO of Citigroup's Europe, Middle East and Africa division. He also ran Citi Holdings, which contains assets that Citi wants to sell.

Because Corbat isn't widely known, analysts Tuesday were not sure how he might change the direction of the company.

For clues, some are looking to someone more well-known: the man thought to be behind Pandit's departure, Citi Chairman Michael O'Neill. O'Neill became chairman in March, when Richard Parsons left after three years.

O'Neill was elected CEO of Barclays, the British bank, in 1999 but had to give up the job immediately because of heart problems. He joined Citi's board in March 2009. O'Neill had also been CEO of Bank of Hawaii Corp., where he was a big cost-cutter.

"When he ran Bank of Hawaii, he shut down up to 50 percent of its branches. It's a startling number," said Cassidy. He added that at Citi, "if the branch banking businesses doesn't make sense in parts of the United States, (he'll) get rid of it."

Tom Brown, founder of hedge fund Second Curve Capital, agreed.

"O'Neill downsized tremendously, and that's what I think you'll see here," he said.

For years, the goal in banking was to get bigger, spreading expenses over more and more customers and offering a smorgasbord of services. This was the vision of Sandy Weill, the former Citi CEO who built the bank through several deals.

But the appeal of the one-stop shop, though not dead, has lost its luster since the financial crisis. Many banks, Citi included, were so sprawling, they didn't even know the risks they had assumed.

As the housing market imploded, Citi lost $32 billion in 2008, according to FactSet, a financial data provider. Nearing collapse, the bank took $45 billion in government money.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Application process for Mass. casinos to begin

Another step on the long road to casino gambling in Massachusetts is being taken as a 90-day window opens for developers to submit preliminary applications to the state.

The Massachusetts Gaming Commission plans to make applications available on Wednesday to companies interested in bidding for the sole license to operate a slot parlor. Initial applications for companies hoping to build a destination resort casino will be made available on Friday.

Under a two-phase process adopted by the panel, applicants will first be screened to make sure they are qualified financially and ethically to bid for a license under the state's casino law.

Those who are prequalified will then move on to a second, competitive bidding phase.

The preliminary applications along with a $400,000 application fee are due by Jan. 15.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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