Boston Herald - Boston Herald

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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Boston Herald - Boston Herald

http://bostonherald.com/feed/4 en 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 00:26:53 -0400 Associated Press 1063313656 http://bostonherald.com/business/technology/technology_news/2013/09/new_surface_expected_from_microsoft_at_nyc_event <p>NEW YORK — Microsoft Corp. is expected to announce new Surface tablet computers, including a version with a smaller screen to compete with Google's Nexus 7 and Apple's iPad Mini.</p><p>The company has an announcement event scheduled in New York on Monday.</p> Technology News Mon, 23 Sep 2013 00:05:38 -0400 Associated Press 1063313626 http://bostonherald.com/business/business_markets/2013/09/5s_game_but_no_game_changer <p>At first blush, the iPhone 5S looks virtually identical to its predecessor, the iPhone 5. Apple's midcycle "S" upgrades are reserved for iterative changes. So while owners of the 5 might find themselves a bit let-down by Apple's promise that this new smartphone is its "most forward-thinking," consumers can rest assured that this is surely Apple's best iPhone to date.</p> Business & Markets Mon, 23 Sep 2013 00:00:00 -0400 Jessica Van Sack, Booting Up 1063313051 http://bostonherald.com/business/business_markets/2013/09/color_us_meh_on_5c <p>IPhone 5C ($99 for 16GB, $199 for 32GB version, on contract):</p><p>The iPhone 5C is the iPhone 5 dressed up in five bright new color options, with a rounded plastic casing to complete this new look.</p><p><b>The Good: </b>Apple declared its new iPhone 5C as "beautifully, unapologetically plastic." And it is. Its rounded edges actually sit more comfortably in the palm than its predecessor, the sharp-cornered 5, and its exterior twin, the new 5S.</p> Business & Markets Mon, 23 Sep 2013 00:00:00 -0400 herald.staff 1063313071 http://bostonherald.com/business/business_markets/2013/09/on_the_surface_seaport_boom_makes_parking_more_difficult <p>Booming Seaport District development comes at a price for South Boston waterfront and Financial District workers who park in the evaporating sea of surface lots there.</p><p>Construction projects have resulted in the loss of 630-plus parking spots since last November, and 160 more will soon be added to the list.</p> Business & Markets Mon, 23 Sep 2013 00:00:00 -0400 Donna Goodison 1063313106 http://bostonherald.com/business/business_markets/2013/09/greece_resumes_talks_with_its_creditors <p>ATHENS, Greece — Greece resumed talks with its creditors to review progress in stabilizing the indebted country's finances.</p><p>Finance Minister Yannis Stournaras met for more than four hours Sunday with representatives of the so-called troika of creditors — the European Commission, the European Central Bank and the International Monetary Fund. At stake is the continuation of the financing of Greece by the creditors, including a €1 billion ($1.35 billion) bailout installment to be paid in October.</p> Business & Markets Sun, 22 Sep 2013 17:24:56 -0400 Associated Press 1063310511 http://bostonherald.com/business/technology/technology_news/2013/09/computer_mishap_delays_space_station_supply_ship <p>CAPE CANAVERAL, Fla. — A brand new commercial cargo ship making its orbital debut experienced navigation system trouble Sunday, and its arrival at the International Space Station was delayed at least two days.</p><p>The rendezvous was aborted less than six hours before the scheduled arrival of Orbital Sciences Corp.'s Cygnus capsule, packed with 1,300 pounds of food and clothes for the space station crew.</p> Technology News Sun, 22 Sep 2013 13:59:59 -0400 Associated Press 1063310376 http://bostonherald.com/business/business_markets/2013/09/pope_offers_hope_to_sardinias_poor_unemployed <p>CAGLIARI, Sardinia — Pope Francis denounced what he called big business's idolatry of money as he traveled Sunday to one of Italy's poorest regions to offer hope to the unemployed and entrepreneurs struggling to hang on.</p><p>"Where there is no work, there is no dignity," he said.</p><p>Francis left aside his prepared remarks and spoke off the cuff to thousands of people in Sardinia's capital, telling them he knew well what it was like to suffer from financial crisis. He recalled that his Italian parents, who immigrated to Argentina before he was born, spoke about it often at home.</p> Business & Markets Sun, 22 Sep 2013 13:19:58 -0400 Associated Press 1063310211 http://bostonherald.com/business/technology/technology_news/2013/09/tests_new_iphones_less_durable_than_iphone_5 <p>NEW YORK — As Apple pitches its newest smartphones, users may find something lacking compared with last year's model: They could break more easily.</p><p>SquareTrade, a provider of protection plans for gadgets, tested five smartphones, including Apple's new iPhones, to see if they could withstand drops, dunks and other common hazards. Its finding: The latest models aren't as durable as last year's iPhone 5.</p> Technology News Sun, 22 Sep 2013 13:12:01 -0400 Associated Press 1063311426 http://bostonherald.com/business/business_markets/2013/09/ap_records_show_maine_gov_tried_to_jam_wind_plan <p>AUGUSTA, Maine — Before its public push to have Maine reconsider wind energy proposals, Gov. Paul LePage's administration worked behind the scenes to explicitly derail Norwegian company Statoil's multimillion-dollar agreement with the state for an offshore wind project, according to documents obtained by The Associated Press.</p> Business & Markets Sun, 22 Sep 2013 12:16:28 -0400 Associated Press 1063310861 http://bostonherald.com/business/technology/technology_news/2013/09/casinos_tap_intelligence_network_to_beat_cheaters <p>UNCASVILLE, Conn. — The man at the poker table had a ball cap pulled down almost to his nose, but his glance up at a television screen revealed a familiar face to Mohegan Sun's surveillance cameras: A photograph of the known card cheater had been sent by bulletin to casinos around the country.</p><p>Within hours, the bettor was arrested, accused of marking cards with invisible ink.</p><p>"The officer who identified him, basically she had a 'Holy crap!' moment," said Jay Lindroos, the casino's surveillance director. "She saw the face and said, 'I recognize that guy!'"</p> Technology News Sun, 22 Sep 2013 11:11:22 -0400 Associated Press 1063310971 http://bostonherald.com/business/business_markets/2013/09/venezuelas_president_in_china_signs_agreements <p>BEIJING — China and Venezuela signed several agreements Sunday during a visit by the Venezuelan president that is meant to strengthen economic ties between the South American nation and its leading creditor.</p><p>President Nicolas Maduro told his Chinese counterpart, Xi Jinping, that the main goal of his trip was to further consolidate and expand the strategic partnership between the two countries that late President Hugo Chavez began with Chinese leaders. Chavez died in March after 14 years in power.</p> Business & Markets Sun, 22 Sep 2013 10:22:01 -0400 Associated Press 1063310456 http://bostonherald.com/business/business_markets/2013/09/co_shows_how_garden_grows <p>Before this fall, Samantha Swanick had eaten vegetables many times, but the 8-year-old had never thought she would actually grow one.</p><p>"After a few days, you can see them get bigger and bigger," she said Friday at Centerville Elementary School in Beverly, where she and other third-graders carefully tend to three, raised-bed, organic vegetable gardens each week. "You have to put the tall stuff like tomatoes in the back and the small stuff in the front so all of them can have sun and grow. I like the lettuce."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063308361 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_a_record_65b_fundraising_campaign <p>Harvard University launched a $6.5 billion fundraising campaign yesterday, an effort that — if successful — will be the biggest fundraiser ever in higher education and will allow the Cambridge university to expand its mission, the university said.</p><p>"No institution of higher education has a more exciting opportunity for innovative growth," Harvard President Drew Gilpin Faust told an audience of university officials, alumni and donors. "This campaign must help us support the structures and modes of academic inquiry."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Jordan Graham 1063308471 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_65_billion_capital_campaign <p>BOSTON — Harvard University launched a $6.5 billion capital campaign Saturday that, if successful, would be the largest fundraising effort in the history of higher education.</p><p>The school said the campaign had broad goals spanning all its schools and would fund research into neuroscience, stem cell science and low-cost energy for the developing world.</p><p>The campaign would target major renovations of the university's undergraduate housing and increase its study of new learning and teaching strategies.</p> Business & Markets Sat, 21 Sep 2013 19:02:35 -0400 Associated Press 1063306361 http://bostonherald.com/business/business_markets/2013/09/wal_mart_driver_honored_for_4_million_accident_free_miles <p>LITTLE ROCK, Ark. — A long-distance truck driver for Wal-Mart has been recognized for traveling 4 million miles without an accident.</p><p>Warren Greeno of Loveland, Colo., reached the milestone this year. Today, Wal-Mart executives in Arkansas presented him with a new rig painted red.</p><p>The 59-year-old rolled up the mileage over 31 years and four months, an average of about 500 miles each working day.</p><p>Greeno said in an interview this week that there were half-dozen near-collisions. He said he waited for "the thump and the crash" but they never came.</p> Business & Markets Sat, 21 Sep 2013 15:49:52 -0400 Associated Press 1063306511 http://bostonherald.com/business/business_markets/2013/09/west_hollywood_institutes_nations_first_fur_ban <p>WEST HOLLYWOOD, Calif. — West Hollywood is now the only city in America where it's a crime to sell fur apparel.</p><p>The Los Angeles Times reports that after years of debate, the ban took effect Saturday.</p><p>It only applies to apparel that's made to be worn, such as shoes, hats and gloves. Ugg boots can't be sold because they contain shearling, a sheepskin or lambskin pelt that's had limited shearing.</p><p>The Southern California city calls itself a cruelty-free zone for animals and is famous for animal-friendly laws.</p> Business & Markets Sat, 21 Sep 2013 15:11:44 -0400 Associated Press 1063306406 http://bostonherald.com/business/business_markets/2013/09/chiquita_seeks_dismissal_in_colombian_case <p>MIAMI — Faced with potentially billions of dollars in legal liability, Chiquita Brands International is asking a federal appeals court to block lawsuits filed against it in the U.S. by thousands of Colombians whose relatives were killed in that country's bloody, decades-long civil war.</p> Business & Markets Sat, 21 Sep 2013 13:57:43 -0400 Associated Press 1063305776 http://bostonherald.com/business/business_markets/2013/09/russia_warns_ukraine_against_eu_deal <p>YALTA, Ukraine — A top Russian official on Saturday warned Ukraine against signing a landmark trade and cooperation agreement with the European Union, saying Moscow would retaliate with trade restrictions that could push this ex-Soviet republic toward default.</p> Business & Markets Sat, 21 Sep 2013 11:10:22 -0400 Associated Press 1063305806 http://bostonherald.com/business/business_markets/2013/09/gunmans_employer_sought_navy_consulting_work <p>WASHINGTON — A little more than 24 hours after an IT contractor shot dozen workers at the Washington Navy Yard, the company's CEO told the Navy secretary he had the experience to help improve military security.</p><p>The email from The Experts chief Thomas Hoshko, which included descriptions of his background and expertise, stunned some Navy leaders in the wake of the shootings Monday that left 13 people dead, including the gunman, former Navy reservist Aaron Alexis.</p> Business & Markets Sat, 21 Sep 2013 11:03:33 -0400 Associated Press 1063305866

http://bostonherald.com/feed/4 en 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 00:26:53 -0400 Associated Press 1063313656 http://bostonherald.com/business/technology/technology_news/2013/09/new_surface_expected_from_microsoft_at_nyc_event <p>NEW YORK — Microsoft Corp. is expected to announce new Surface tablet computers, including a version with a smaller screen to compete with Google's Nexus 7 and Apple's iPad Mini.</p><p>The company has an announcement event scheduled in New York on Monday.</p> Technology News Mon, 23 Sep 2013 00:05:38 -0400 Associated Press 1063313626 http://bostonherald.com/business/business_markets/2013/09/5s_game_but_no_game_changer <p>At first blush, the iPhone 5S looks virtually identical to its predecessor, the iPhone 5. Apple's midcycle "S" upgrades are reserved for iterative changes. So while owners of the 5 might find themselves a bit let-down by Apple's promise that this new smartphone is its "most forward-thinking," consumers can rest assured that this is surely Apple's best iPhone to date.</p> Business & Markets Mon, 23 Sep 2013 00:00:00 -0400 Jessica Van Sack, Booting Up 1063313051 http://bostonherald.com/business/business_markets/2013/09/color_us_meh_on_5c <p>IPhone 5C ($99 for 16GB, $199 for 32GB version, on contract):</p><p>The iPhone 5C is the iPhone 5 dressed up in five bright new color options, with a rounded plastic casing to complete this new look.</p><p><b>The Good: </b>Apple declared its new iPhone 5C as "beautifully, unapologetically plastic." And it is. Its rounded edges actually sit more comfortably in the palm than its predecessor, the sharp-cornered 5, and its exterior twin, the new 5S.</p> Business & Markets Mon, 23 Sep 2013 00:00:00 -0400 herald.staff 1063313071 http://bostonherald.com/business/business_markets/2013/09/on_the_surface_seaport_boom_makes_parking_more_difficult <p>Booming Seaport District development comes at a price for South Boston waterfront and Financial District workers who park in the evaporating sea of surface lots there.</p><p>Construction projects have resulted in the loss of 630-plus parking spots since last November, and 160 more will soon be added to the list.</p> Business & Markets Mon, 23 Sep 2013 00:00:00 -0400 Donna Goodison 1063313106 http://bostonherald.com/business/business_markets/2013/09/greece_resumes_talks_with_its_creditors <p>ATHENS, Greece — Greece resumed talks with its creditors to review progress in stabilizing the indebted country's finances.</p><p>Finance Minister Yannis Stournaras met for more than four hours Sunday with representatives of the so-called troika of creditors — the European Commission, the European Central Bank and the International Monetary Fund. At stake is the continuation of the financing of Greece by the creditors, including a €1 billion ($1.35 billion) bailout installment to be paid in October.</p> Business & Markets Sun, 22 Sep 2013 17:24:56 -0400 Associated Press 1063310511 http://bostonherald.com/business/technology/technology_news/2013/09/computer_mishap_delays_space_station_supply_ship <p>CAPE CANAVERAL, Fla. — A brand new commercial cargo ship making its orbital debut experienced navigation system trouble Sunday, and its arrival at the International Space Station was delayed at least two days.</p><p>The rendezvous was aborted less than six hours before the scheduled arrival of Orbital Sciences Corp.'s Cygnus capsule, packed with 1,300 pounds of food and clothes for the space station crew.</p> Technology News Sun, 22 Sep 2013 13:59:59 -0400 Associated Press 1063310376 http://bostonherald.com/business/business_markets/2013/09/pope_offers_hope_to_sardinias_poor_unemployed <p>CAGLIARI, Sardinia — Pope Francis denounced what he called big business's idolatry of money as he traveled Sunday to one of Italy's poorest regions to offer hope to the unemployed and entrepreneurs struggling to hang on.</p><p>"Where there is no work, there is no dignity," he said.</p><p>Francis left aside his prepared remarks and spoke off the cuff to thousands of people in Sardinia's capital, telling them he knew well what it was like to suffer from financial crisis. He recalled that his Italian parents, who immigrated to Argentina before he was born, spoke about it often at home.</p> Business & Markets Sun, 22 Sep 2013 13:19:58 -0400 Associated Press 1063310211 http://bostonherald.com/business/technology/technology_news/2013/09/tests_new_iphones_less_durable_than_iphone_5 <p>NEW YORK — As Apple pitches its newest smartphones, users may find something lacking compared with last year's model: They could break more easily.</p><p>SquareTrade, a provider of protection plans for gadgets, tested five smartphones, including Apple's new iPhones, to see if they could withstand drops, dunks and other common hazards. Its finding: The latest models aren't as durable as last year's iPhone 5.</p> Technology News Sun, 22 Sep 2013 13:12:01 -0400 Associated Press 1063311426 http://bostonherald.com/business/business_markets/2013/09/ap_records_show_maine_gov_tried_to_jam_wind_plan <p>AUGUSTA, Maine — Before its public push to have Maine reconsider wind energy proposals, Gov. Paul LePage's administration worked behind the scenes to explicitly derail Norwegian company Statoil's multimillion-dollar agreement with the state for an offshore wind project, according to documents obtained by The Associated Press.</p> Business & Markets Sun, 22 Sep 2013 12:16:28 -0400 Associated Press 1063310861 http://bostonherald.com/business/technology/technology_news/2013/09/casinos_tap_intelligence_network_to_beat_cheaters <p>UNCASVILLE, Conn. — The man at the poker table had a ball cap pulled down almost to his nose, but his glance up at a television screen revealed a familiar face to Mohegan Sun's surveillance cameras: A photograph of the known card cheater had been sent by bulletin to casinos around the country.</p><p>Within hours, the bettor was arrested, accused of marking cards with invisible ink.</p><p>"The officer who identified him, basically she had a 'Holy crap!' moment," said Jay Lindroos, the casino's surveillance director. "She saw the face and said, 'I recognize that guy!'"</p> Technology News Sun, 22 Sep 2013 11:11:22 -0400 Associated Press 1063310971 http://bostonherald.com/business/business_markets/2013/09/venezuelas_president_in_china_signs_agreements <p>BEIJING — China and Venezuela signed several agreements Sunday during a visit by the Venezuelan president that is meant to strengthen economic ties between the South American nation and its leading creditor.</p><p>President Nicolas Maduro told his Chinese counterpart, Xi Jinping, that the main goal of his trip was to further consolidate and expand the strategic partnership between the two countries that late President Hugo Chavez began with Chinese leaders. Chavez died in March after 14 years in power.</p> Business & Markets Sun, 22 Sep 2013 10:22:01 -0400 Associated Press 1063310456 http://bostonherald.com/business/business_markets/2013/09/co_shows_how_garden_grows <p>Before this fall, Samantha Swanick had eaten vegetables many times, but the 8-year-old had never thought she would actually grow one.</p><p>"After a few days, you can see them get bigger and bigger," she said Friday at Centerville Elementary School in Beverly, where she and other third-graders carefully tend to three, raised-bed, organic vegetable gardens each week. "You have to put the tall stuff like tomatoes in the back and the small stuff in the front so all of them can have sun and grow. I like the lettuce."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063308361 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_a_record_65b_fundraising_campaign <p>Harvard University launched a $6.5 billion fundraising campaign yesterday, an effort that — if successful — will be the biggest fundraiser ever in higher education and will allow the Cambridge university to expand its mission, the university said.</p><p>"No institution of higher education has a more exciting opportunity for innovative growth," Harvard President Drew Gilpin Faust told an audience of university officials, alumni and donors. "This campaign must help us support the structures and modes of academic inquiry."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Jordan Graham 1063308471 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_65_billion_capital_campaign <p>BOSTON — Harvard University launched a $6.5 billion capital campaign Saturday that, if successful, would be the largest fundraising effort in the history of higher education.</p><p>The school said the campaign had broad goals spanning all its schools and would fund research into neuroscience, stem cell science and low-cost energy for the developing world.</p><p>The campaign would target major renovations of the university's undergraduate housing and increase its study of new learning and teaching strategies.</p> Business & Markets Sat, 21 Sep 2013 19:02:35 -0400 Associated Press 1063306361 http://bostonherald.com/business/business_markets/2013/09/wal_mart_driver_honored_for_4_million_accident_free_miles <p>LITTLE ROCK, Ark. — A long-distance truck driver for Wal-Mart has been recognized for traveling 4 million miles without an accident.</p><p>Warren Greeno of Loveland, Colo., reached the milestone this year. Today, Wal-Mart executives in Arkansas presented him with a new rig painted red.</p><p>The 59-year-old rolled up the mileage over 31 years and four months, an average of about 500 miles each working day.</p><p>Greeno said in an interview this week that there were half-dozen near-collisions. He said he waited for "the thump and the crash" but they never came.</p> Business & Markets Sat, 21 Sep 2013 15:49:52 -0400 Associated Press 1063306511 http://bostonherald.com/business/business_markets/2013/09/west_hollywood_institutes_nations_first_fur_ban <p>WEST HOLLYWOOD, Calif. — West Hollywood is now the only city in America where it's a crime to sell fur apparel.</p><p>The Los Angeles Times reports that after years of debate, the ban took effect Saturday.</p><p>It only applies to apparel that's made to be worn, such as shoes, hats and gloves. Ugg boots can't be sold because they contain shearling, a sheepskin or lambskin pelt that's had limited shearing.</p><p>The Southern California city calls itself a cruelty-free zone for animals and is famous for animal-friendly laws.</p> Business & Markets Sat, 21 Sep 2013 15:11:44 -0400 Associated Press 1063306406 http://bostonherald.com/business/business_markets/2013/09/chiquita_seeks_dismissal_in_colombian_case <p>MIAMI — Faced with potentially billions of dollars in legal liability, Chiquita Brands International is asking a federal appeals court to block lawsuits filed against it in the U.S. by thousands of Colombians whose relatives were killed in that country's bloody, decades-long civil war.</p> Business & Markets Sat, 21 Sep 2013 13:57:43 -0400 Associated Press 1063305776 http://bostonherald.com/business/business_markets/2013/09/russia_warns_ukraine_against_eu_deal <p>YALTA, Ukraine — A top Russian official on Saturday warned Ukraine against signing a landmark trade and cooperation agreement with the European Union, saying Moscow would retaliate with trade restrictions that could push this ex-Soviet republic toward default.</p> Business & Markets Sat, 21 Sep 2013 11:10:22 -0400 Associated Press 1063305806 http://bostonherald.com/business/business_markets/2013/09/gunmans_employer_sought_navy_consulting_work <p>WASHINGTON — A little more than 24 hours after an IT contractor shot dozen workers at the Washington Navy Yard, the company's CEO told the Navy secretary he had the experience to help improve military security.</p><p>The email from The Experts chief Thomas Hoshko, which included descriptions of his background and expertise, stunned some Navy leaders in the wake of the shootings Monday that left 13 people dead, including the gunman, former Navy reservist Aaron Alexis.</p> Business & Markets Sat, 21 Sep 2013 11:03:33 -0400 Associated Press 1063305866

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http://bostonherald.com/feed/4 en http://bostonherald.com/business/business_markets/2013/09/co_shows_how_garden_grows <p>Before this fall, Samantha Swanick had eaten vegetables many times, but the 8-year-old had never thought she would actually grow one.</p><p>"After a few days, you can see them get bigger and bigger," she said Friday at Centerville Elementary School in Beverly, where she and other third-graders carefully tend to three, raised-bed, organic vegetable gardens each week. "You have to put the tall stuff like tomatoes in the back and the small stuff in the front so all of them can have sun and grow. I like the lettuce."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063308361 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_a_record_65b_fundraising_campaign <p>Harvard University launched a $6.5 billion fundraising campaign yesterday, an effort that — if successful — will be the biggest fundraiser ever in higher education and will allow the Cambridge university to expand its mission, the university said.</p><p>"No institution of higher education has a more exciting opportunity for innovative growth," Harvard President Drew Gilpin Faust told an audience of university officials, alumni and donors. "This campaign must help us support the structures and modes of academic inquiry."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Jordan Graham 1063308471 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_65_billion_capital_campaign <p>BOSTON — Harvard University launched a $6.5 billion capital campaign Saturday that, if successful, would be the largest fundraising effort in the history of higher education.</p><p>The school said the campaign had broad goals spanning all its schools and would fund research into neuroscience, stem cell science and low-cost energy for the developing world.</p><p>The campaign would target major renovations of the university's undergraduate housing and increase its study of new learning and teaching strategies.</p> Business & Markets Sat, 21 Sep 2013 19:02:35 -0400 Associated Press 1063306361 http://bostonherald.com/business/business_markets/2013/09/wal_mart_driver_honored_for_4_million_accident_free_miles <p>LITTLE ROCK, Ark. — A long-distance truck driver for Wal-Mart has been recognized for traveling 4 million miles without an accident.</p><p>Warren Greeno of Loveland, Colo., reached the milestone this year. Today, Wal-Mart executives in Arkansas presented him with a new rig painted red.</p><p>The 59-year-old rolled up the mileage over 31 years and four months, an average of about 500 miles each working day.</p><p>Greeno said in an interview this week that there were half-dozen near-collisions. He said he waited for "the thump and the crash" but they never came.</p> Business & Markets Sat, 21 Sep 2013 15:49:52 -0400 Associated Press 1063306511 http://bostonherald.com/business/business_markets/2013/09/west_hollywood_institutes_nations_first_fur_ban <p>WEST HOLLYWOOD, Calif. — West Hollywood is now the only city in America where it's a crime to sell fur apparel.</p><p>The Los Angeles Times reports that after years of debate, the ban took effect Saturday.</p><p>It only applies to apparel that's made to be worn, such as shoes, hats and gloves. Ugg boots can't be sold because they contain shearling, a sheepskin or lambskin pelt that's had limited shearing.</p><p>The Southern California city calls itself a cruelty-free zone for animals and is famous for animal-friendly laws.</p> Business & Markets Sat, 21 Sep 2013 15:11:44 -0400 Associated Press 1063306406 http://bostonherald.com/business/business_markets/2013/09/chiquita_seeks_dismissal_in_colombian_case <p>MIAMI — Faced with potentially billions of dollars in legal liability, Chiquita Brands International is asking a federal appeals court to block lawsuits filed against it in the U.S. by thousands of Colombians whose relatives were killed in that country's bloody, decades-long civil war.</p> Business & Markets Sat, 21 Sep 2013 13:57:43 -0400 Associated Press 1063305776 http://bostonherald.com/business/business_markets/2013/09/russia_warns_ukraine_against_eu_deal <p>YALTA, Ukraine — A top Russian official on Saturday warned Ukraine against signing a landmark trade and cooperation agreement with the European Union, saying Moscow would retaliate with trade restrictions that could push this ex-Soviet republic toward default.</p> Business & Markets Sat, 21 Sep 2013 11:10:22 -0400 Associated Press 1063305806 http://bostonherald.com/business/business_markets/2013/09/gunmans_employer_sought_navy_consulting_work <p>WASHINGTON — A little more than 24 hours after an IT contractor shot dozen workers at the Washington Navy Yard, the company's CEO told the Navy secretary he had the experience to help improve military security.</p><p>The email from The Experts chief Thomas Hoshko, which included descriptions of his background and expertise, stunned some Navy leaders in the wake of the shootings Monday that left 13 people dead, including the gunman, former Navy reservist Aaron Alexis.</p> Business & Markets Sat, 21 Sep 2013 11:03:33 -0400 Associated Press 1063305866 http://bostonherald.com/business/business_markets/2013/09/microloans_surging_in_silicon_valley <p>SAN JOSE, Calif. — A daycare provider needed cribs and high chairs. A coffee truck needed a generator. A couple renting party supplies needed to move into a storefront.</p><p>When these Silicon Valley small businesses needed cash, and fast, they didn't find help at a bank. They turned instead to a type of financing more commonly associated with buying a sewing machine for a Guatemalan tailor or a tractor for an African farmer.</p><p>Microlending, a decades old form of financing for the world's poorest, is now booming in Silicon Valley.</p> Business & Markets Sat, 21 Sep 2013 10:51:07 -0400 Associated Press 1063305801 http://bostonherald.com/business/business_markets/2013/09/uk_charges_4_in_cyber_theft_from_barclays_bank <p>LONDON — British police have charged four men in connection with the theft of 1.3 million pounds ($2.1 million) from a Barclays Bank branch.</p><p>The men — aged between 26 and 47 — were arrested Friday and accused of installing a device on the bank's computer system made it possible to carry out the cyber theft.</p><p>Police said cash, jewels and thousands of credit cards were found in related searches of addresses in the greater London area.</p> Business & Markets Sat, 21 Sep 2013 04:59:08 -0400 Associated Press 1063305441 http://bostonherald.com/business/business_markets/2013/09/bay_state_defense_firms_get_work_despite_cuts <p>Massachusetts companies that work with the U.S. Defense Department are still getting contracts in spite of federal budget cuts, but the firms say those contracts tend to be smaller.</p><p>The Defense Department this week announced more than $865 million in contracts, including $9.9 million to Boston Dynamics of Waltham for work on the Legged Squad Support System, or LS3, a legged robot to help service members carry their gear, following them through rugged terrain and interpreting verbal and visual commands.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063304391 http://bostonherald.com/business/real_estate/2013/09/cambridge_penthouse_could_be_your_castle <p>This four-bedroom duplex penthouse condo, the home of former Channel 4 meteorologist Mish Michaels, features a dramatic sweeping staircase that joins what were two separate units.</p><p>Part of the 113-unit Bay Square condo complex built in 1989, Michaels and her husband, Wes Atamian, combined two units in 2006 to create a showpiece custom-designed penthouse highlighted by a dramatic two-story vaulted turret with a living area overlooking a great room connected by a curving metal staircase.</p> Real Estate Sat, 21 Sep 2013 00:00:00 -0400 Paul Restuccia 1063304401 http://bostonherald.com/business/business_markets/2013/09/mit_study_us_needs_to_step_up_manufacturing <p>The nation's booming innovation economy is in danger of losing steam and moving overseas unless there is a significant increase in manufacturing in the U.S., according to a new study from the Massachusetts Institute of Technology, but Massachusetts is poised to take advantage of such an increase, a state official says.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Jordan Graham 1063304411 http://bostonherald.com/business/business_markets/2013/09/colonial_drug_departs_from_harvard_square <p>Another vestige of the much lamented Harvard Square of old will close its doors today.</p><p>Colonial Drug, known for its stock of more than 1,000 fragrances, is relocating after 66 years on Brattle Street to combine with the Stoddard's cutlery store in Newton at month's end.</p><p>"We did business with (Stoddard's owner David Marks') father, and his grandfather did business with our father," co-owner J.P. Botindari said. "We said someday we should get together, and we are. We complement each other."</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Donna Goodison 1063304531 http://bostonherald.com/business/automotive/2013/09/magnificent_jag_is_a_treat_for_all <p>It's the chicken or the egg conundrum: Do you want to be the driver of the sleek 2013 Jaguar XJL or the passenger in the elegant cabin?</p><p>The long wheelbase of the XJL affords rear passengers a playground of luxurious creature comforts. Start with the reclining soft leather seats, drop-down glass trays and personal remote controls for the headrest-mounted entertainment centers. Add a whisper-quiet ride, a footrest to leisurely stretch out your legs, cooled and heated massaging seats and you arrive at work or the weekend estate in style.</p> Automotive Sat, 21 Sep 2013 00:00:00 -0400 Jim Mahoney 1063304386 http://bostonherald.com/business/business_markets/2013/09/pipe_had_leak_1_year_before_hawaii_molasses_spill <p>HONOLULU — A state inspector saw molasses dripping last year from the same spot where a pipe leaked up to 1,400 tons of the sugary substance into Honolulu Harbor earlier this month, killing more than 26,000 fish and other marine life.</p><p>Department of Transportation Deputy Director Randy Grune said Friday he sent a letter in July 2012 to Matson Navigation Co. notifying the company of the leak. The letter, provided to reporters Friday, asked Matson to tell the state when the pipeline was repaired.</p> Business & Markets Fri, 20 Sep 2013 22:27:32 -0400 Associated Press 1063303856 http://bostonherald.com/business/business_markets/2013/09/scheme_to_snag_iphones_leads_to_chaos_in_calif <p>PASADENA, Calif. — An overnight campout for the new iPhone turned chaotic Friday morning when two men were arrested for fighting outside an Apple Store and a man's plan to hire homeless people to wait in line for the coveted devices backfired, authorities said.</p><p>Dozens of people recruited at a downtown Los Angeles homeless shelter to buy iPhones at a Pasadena store were left unpaid, and they mobbed the man who had hired them, Pasadena police Lt. Jason Clawson said.</p> Business & Markets Fri, 20 Sep 2013 21:22:17 -0400 Associated Press 1063302971 http://bostonherald.com/business/business_markets/2013/09/blackberry_slashes_jobs_in_face_of_1b_2q_loss <p>TORONTO — It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once said she slept with hers under her pillow.</p><p>Then came the iPhone.</p><p>Users newly addicted to Facebook and photo-sharing and Angry Birds started flirting with the opposition. And as more smartphones flooded the market with their supersize Samsung screens and thousands of apps, the BlackBerry failed to keep up with the flash.</p> Business & Markets Fri, 20 Sep 2013 20:06:10 -0400 Associated Press 1063303256 http://bostonherald.com/business/business_markets/2013/09/navy_suspends_company_implicated_in_scheme <p>WASHINGTON — The Navy suspended a Singapore-based company and its president from contracting with the federal government after the arrests earlier this week in a bribery conspiracy scheme.</p><p>The president and chief executive officer of Glenn Defense Marine Asia Ltd., Leonard Francis, and his company and its affiliates are barred from federal contracts and can't receive benefits from federal assistance programs.</p> Business & Markets Fri, 20 Sep 2013 19:52:00 -0400 Associated Press 1063304181 http://bostonherald.com/business/business_markets/2013/09/allegiant_delays_cancels_flights_to_check_md_80s <p>LAS VEGAS — Allegiant Air officials said Friday that delays and cancelations could continue for several days as more than half of the airline's MD-80s remain grounded for overhauls of emergency slides like the ones deployed in an evacuation this week.</p><p>The inflatable chutes worked properly Monday when smoke was reported in the cabin of an Allegiant MD-80 at McCarran International Airport in Las Vegas, company officials said. An incident review, however, found that fleetwide maintenance hadn't complied with the slide manufacturer's recommendations.</p> Business & Markets Fri, 20 Sep 2013 19:51:00 -0400 Associated Press 1063302331

http://bostonherald.com/feed/4 en http://bostonherald.com/business/business_markets/2013/09/co_shows_how_garden_grows <p>Before this fall, Samantha Swanick had eaten vegetables many times, but the 8-year-old had never thought she would actually grow one.</p><p>"After a few days, you can see them get bigger and bigger," she said Friday at Centerville Elementary School in Beverly, where she and other third-graders carefully tend to three, raised-bed, organic vegetable gardens each week. "You have to put the tall stuff like tomatoes in the back and the small stuff in the front so all of them can have sun and grow. I like the lettuce."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063308361 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_a_record_65b_fundraising_campaign <p>Harvard University launched a $6.5 billion fundraising campaign yesterday, an effort that — if successful — will be the biggest fundraiser ever in higher education and will allow the Cambridge university to expand its mission, the university said.</p><p>"No institution of higher education has a more exciting opportunity for innovative growth," Harvard President Drew Gilpin Faust told an audience of university officials, alumni and donors. "This campaign must help us support the structures and modes of academic inquiry."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Jordan Graham 1063308471 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_65_billion_capital_campaign <p>BOSTON — Harvard University launched a $6.5 billion capital campaign Saturday that, if successful, would be the largest fundraising effort in the history of higher education.</p><p>The school said the campaign had broad goals spanning all its schools and would fund research into neuroscience, stem cell science and low-cost energy for the developing world.</p><p>The campaign would target major renovations of the university's undergraduate housing and increase its study of new learning and teaching strategies.</p> Business & Markets Sat, 21 Sep 2013 19:02:35 -0400 Associated Press 1063306361 http://bostonherald.com/business/business_markets/2013/09/wal_mart_driver_honored_for_4_million_accident_free_miles <p>LITTLE ROCK, Ark. — A long-distance truck driver for Wal-Mart has been recognized for traveling 4 million miles without an accident.</p><p>Warren Greeno of Loveland, Colo., reached the milestone this year. Today, Wal-Mart executives in Arkansas presented him with a new rig painted red.</p><p>The 59-year-old rolled up the mileage over 31 years and four months, an average of about 500 miles each working day.</p><p>Greeno said in an interview this week that there were half-dozen near-collisions. He said he waited for "the thump and the crash" but they never came.</p> Business & Markets Sat, 21 Sep 2013 15:49:52 -0400 Associated Press 1063306511 http://bostonherald.com/business/business_markets/2013/09/west_hollywood_institutes_nations_first_fur_ban <p>WEST HOLLYWOOD, Calif. — West Hollywood is now the only city in America where it's a crime to sell fur apparel.</p><p>The Los Angeles Times reports that after years of debate, the ban took effect Saturday.</p><p>It only applies to apparel that's made to be worn, such as shoes, hats and gloves. Ugg boots can't be sold because they contain shearling, a sheepskin or lambskin pelt that's had limited shearing.</p><p>The Southern California city calls itself a cruelty-free zone for animals and is famous for animal-friendly laws.</p> Business & Markets Sat, 21 Sep 2013 15:11:44 -0400 Associated Press 1063306406 http://bostonherald.com/business/business_markets/2013/09/chiquita_seeks_dismissal_in_colombian_case <p>MIAMI — Faced with potentially billions of dollars in legal liability, Chiquita Brands International is asking a federal appeals court to block lawsuits filed against it in the U.S. by thousands of Colombians whose relatives were killed in that country's bloody, decades-long civil war.</p> Business & Markets Sat, 21 Sep 2013 13:57:43 -0400 Associated Press 1063305776 http://bostonherald.com/business/business_markets/2013/09/russia_warns_ukraine_against_eu_deal <p>YALTA, Ukraine — A top Russian official on Saturday warned Ukraine against signing a landmark trade and cooperation agreement with the European Union, saying Moscow would retaliate with trade restrictions that could push this ex-Soviet republic toward default.</p> Business & Markets Sat, 21 Sep 2013 11:10:22 -0400 Associated Press 1063305806 http://bostonherald.com/business/business_markets/2013/09/gunmans_employer_sought_navy_consulting_work <p>WASHINGTON — A little more than 24 hours after an IT contractor shot dozen workers at the Washington Navy Yard, the company's CEO told the Navy secretary he had the experience to help improve military security.</p><p>The email from The Experts chief Thomas Hoshko, which included descriptions of his background and expertise, stunned some Navy leaders in the wake of the shootings Monday that left 13 people dead, including the gunman, former Navy reservist Aaron Alexis.</p> Business & Markets Sat, 21 Sep 2013 11:03:33 -0400 Associated Press 1063305866 http://bostonherald.com/business/business_markets/2013/09/microloans_surging_in_silicon_valley <p>SAN JOSE, Calif. — A daycare provider needed cribs and high chairs. A coffee truck needed a generator. A couple renting party supplies needed to move into a storefront.</p><p>When these Silicon Valley small businesses needed cash, and fast, they didn't find help at a bank. They turned instead to a type of financing more commonly associated with buying a sewing machine for a Guatemalan tailor or a tractor for an African farmer.</p><p>Microlending, a decades old form of financing for the world's poorest, is now booming in Silicon Valley.</p> Business & Markets Sat, 21 Sep 2013 10:51:07 -0400 Associated Press 1063305801 http://bostonherald.com/business/business_markets/2013/09/uk_charges_4_in_cyber_theft_from_barclays_bank <p>LONDON — British police have charged four men in connection with the theft of 1.3 million pounds ($2.1 million) from a Barclays Bank branch.</p><p>The men — aged between 26 and 47 — were arrested Friday and accused of installing a device on the bank's computer system made it possible to carry out the cyber theft.</p><p>Police said cash, jewels and thousands of credit cards were found in related searches of addresses in the greater London area.</p> Business & Markets Sat, 21 Sep 2013 04:59:08 -0400 Associated Press 1063305441 http://bostonherald.com/business/business_markets/2013/09/bay_state_defense_firms_get_work_despite_cuts <p>Massachusetts companies that work with the U.S. Defense Department are still getting contracts in spite of federal budget cuts, but the firms say those contracts tend to be smaller.</p><p>The Defense Department this week announced more than $865 million in contracts, including $9.9 million to Boston Dynamics of Waltham for work on the Legged Squad Support System, or LS3, a legged robot to help service members carry their gear, following them through rugged terrain and interpreting verbal and visual commands.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063304391 http://bostonherald.com/business/real_estate/2013/09/cambridge_penthouse_could_be_your_castle <p>This four-bedroom duplex penthouse condo, the home of former Channel 4 meteorologist Mish Michaels, features a dramatic sweeping staircase that joins what were two separate units.</p><p>Part of the 113-unit Bay Square condo complex built in 1989, Michaels and her husband, Wes Atamian, combined two units in 2006 to create a showpiece custom-designed penthouse highlighted by a dramatic two-story vaulted turret with a living area overlooking a great room connected by a curving metal staircase.</p> Real Estate Sat, 21 Sep 2013 00:00:00 -0400 Paul Restuccia 1063304401 http://bostonherald.com/business/business_markets/2013/09/mit_study_us_needs_to_step_up_manufacturing <p>The nation's booming innovation economy is in danger of losing steam and moving overseas unless there is a significant increase in manufacturing in the U.S., according to a new study from the Massachusetts Institute of Technology, but Massachusetts is poised to take advantage of such an increase, a state official says.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Jordan Graham 1063304411 http://bostonherald.com/business/business_markets/2013/09/colonial_drug_departs_from_harvard_square <p>Another vestige of the much lamented Harvard Square of old will close its doors today.</p><p>Colonial Drug, known for its stock of more than 1,000 fragrances, is relocating after 66 years on Brattle Street to combine with the Stoddard's cutlery store in Newton at month's end.</p><p>"We did business with (Stoddard's owner David Marks') father, and his grandfather did business with our father," co-owner J.P. Botindari said. "We said someday we should get together, and we are. We complement each other."</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Donna Goodison 1063304531 http://bostonherald.com/business/automotive/2013/09/magnificent_jag_is_a_treat_for_all <p>It's the chicken or the egg conundrum: Do you want to be the driver of the sleek 2013 Jaguar XJL or the passenger in the elegant cabin?</p><p>The long wheelbase of the XJL affords rear passengers a playground of luxurious creature comforts. Start with the reclining soft leather seats, drop-down glass trays and personal remote controls for the headrest-mounted entertainment centers. Add a whisper-quiet ride, a footrest to leisurely stretch out your legs, cooled and heated massaging seats and you arrive at work or the weekend estate in style.</p> Automotive Sat, 21 Sep 2013 00:00:00 -0400 Jim Mahoney 1063304386 http://bostonherald.com/business/business_markets/2013/09/pipe_had_leak_1_year_before_hawaii_molasses_spill <p>HONOLULU — A state inspector saw molasses dripping last year from the same spot where a pipe leaked up to 1,400 tons of the sugary substance into Honolulu Harbor earlier this month, killing more than 26,000 fish and other marine life.</p><p>Department of Transportation Deputy Director Randy Grune said Friday he sent a letter in July 2012 to Matson Navigation Co. notifying the company of the leak. The letter, provided to reporters Friday, asked Matson to tell the state when the pipeline was repaired.</p> Business & Markets Fri, 20 Sep 2013 22:27:32 -0400 Associated Press 1063303856 http://bostonherald.com/business/business_markets/2013/09/scheme_to_snag_iphones_leads_to_chaos_in_calif <p>PASADENA, Calif. — An overnight campout for the new iPhone turned chaotic Friday morning when two men were arrested for fighting outside an Apple Store and a man's plan to hire homeless people to wait in line for the coveted devices backfired, authorities said.</p><p>Dozens of people recruited at a downtown Los Angeles homeless shelter to buy iPhones at a Pasadena store were left unpaid, and they mobbed the man who had hired them, Pasadena police Lt. Jason Clawson said.</p> Business & Markets Fri, 20 Sep 2013 21:22:17 -0400 Associated Press 1063302971 http://bostonherald.com/business/business_markets/2013/09/blackberry_slashes_jobs_in_face_of_1b_2q_loss <p>TORONTO — It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once said she slept with hers under her pillow.</p><p>Then came the iPhone.</p><p>Users newly addicted to Facebook and photo-sharing and Angry Birds started flirting with the opposition. And as more smartphones flooded the market with their supersize Samsung screens and thousands of apps, the BlackBerry failed to keep up with the flash.</p> Business & Markets Fri, 20 Sep 2013 20:06:10 -0400 Associated Press 1063303256 http://bostonherald.com/business/business_markets/2013/09/navy_suspends_company_implicated_in_scheme <p>WASHINGTON — The Navy suspended a Singapore-based company and its president from contracting with the federal government after the arrests earlier this week in a bribery conspiracy scheme.</p><p>The president and chief executive officer of Glenn Defense Marine Asia Ltd., Leonard Francis, and his company and its affiliates are barred from federal contracts and can't receive benefits from federal assistance programs.</p> Business & Markets Fri, 20 Sep 2013 19:52:00 -0400 Associated Press 1063304181 http://bostonherald.com/business/business_markets/2013/09/allegiant_delays_cancels_flights_to_check_md_80s <p>LAS VEGAS — Allegiant Air officials said Friday that delays and cancelations could continue for several days as more than half of the airline's MD-80s remain grounded for overhauls of emergency slides like the ones deployed in an evacuation this week.</p><p>The inflatable chutes worked properly Monday when smoke was reported in the cabin of an Allegiant MD-80 at McCarran International Airport in Las Vegas, company officials said. An incident review, however, found that fleetwide maintenance hadn't complied with the slide manufacturer's recommendations.</p> Business & Markets Fri, 20 Sep 2013 19:51:00 -0400 Associated Press 1063302331

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http://bostonherald.com/feed/4 en http://bostonherald.com/business/automotive/2013/09/magnificent_jag_is_a_treat_for_all <p>It's the chicken or the egg conundrum: Do you want to be the driver of the sleek 2013 Jaguar XJL or the passenger in the elegant cabin?</p><p>The long wheelbase of the XJL affords rear passengers a playground of luxurious creature comforts. Start with the reclining soft leather seats, drop-down glass trays and personal remote controls for the headrest-mounted entertainment centers. Add a whisper-quiet ride, a footrest to leisurely stretch out your legs, cooled and heated massaging seats and you arrive at work or the weekend estate in style.</p> Automotive Sat, 21 Sep 2013 00:00:00 -0400 Jim Mahoney 1063304386 http://bostonherald.com/business/business_markets/2013/09/bay_state_defense_firms_get_work_despite_cuts <p>Massachusetts companies that work with the U.S. Defense Department are still getting contracts in spite of federal budget cuts, but the firms say those contracts tend to be smaller.</p><p>The Defense Department this week announced more than $865 million in contracts, including $9.9 million to Boston Dynamics of Waltham for work on the Legged Squad Support System, or LS3, a legged robot to help service members carry their gear, following them through rugged terrain and interpreting verbal and visual commands.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063304391 http://bostonherald.com/business/real_estate/2013/09/cambridge_penthouse_could_be_your_castle <p>This four-bedroom duplex penthouse condo, the home of former Channel 4 meteorologist Mish Michaels, features a dramatic sweeping staircase that joins what were two separate units.</p><p>Part of the 113-unit Bay Square condo complex built in 1989, Michaels and her husband, Wes Atamian, combined two units in 2006 to create a showpiece custom-designed penthouse highlighted by a dramatic two-story vaulted turret with a living area overlooking a great room connected by a curving metal staircase.</p> Real Estate Sat, 21 Sep 2013 00:00:00 -0400 Paul Restuccia 1063304401 http://bostonherald.com/business/business_markets/2013/09/mit_study_us_needs_to_step_up_manufacturing <p>The nation's booming innovation economy is in danger of losing steam and moving overseas unless there is a significant increase in manufacturing in the U.S., according to a new study from the Massachusetts Institute of Technology, but Massachusetts is poised to take advantage of such an increase, a state official says.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Jordan Graham 1063304411 http://bostonherald.com/business/business_markets/2013/09/colonial_drug_departs_from_harvard_square <p>Another vestige of the much lamented Harvard Square of old will close its doors today.</p><p>Colonial Drug, known for its stock of more than 1,000 fragrances, is relocating after 66 years on Brattle Street to combine with the Stoddard's cutlery store in Newton at month's end.</p><p>"We did business with (Stoddard's owner David Marks') father, and his grandfather did business with our father," co-owner J.P. Botindari said. "We said someday we should get together, and we are. We complement each other."</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Donna Goodison 1063304531 http://bostonherald.com/business/business_markets/2013/09/pipe_had_leak_1_year_before_hawaii_molasses_spill <p>HONOLULU — A state inspector saw molasses dripping last year from the same spot where a pipe leaked up to 1,400 tons of the sugary substance into Honolulu Harbor earlier this month, killing more than 26,000 fish and other marine life.</p><p>Department of Transportation Deputy Director Randy Grune said Friday he sent a letter in July 2012 to Matson Navigation Co. notifying the company of the leak. The letter, provided to reporters Friday, asked Matson to tell the state when the pipeline was repaired.</p> Business & Markets Fri, 20 Sep 2013 22:27:32 -0400 Associated Press 1063303856 http://bostonherald.com/business/business_markets/2013/09/scheme_to_snag_iphones_leads_to_chaos_in_calif <p>PASADENA, Calif. — An overnight campout for the new iPhone turned chaotic Friday morning when two men were arrested for fighting outside an Apple Store and a man's plan to hire homeless people to wait in line for the coveted devices backfired, authorities said.</p><p>Dozens of people recruited at a downtown Los Angeles homeless shelter to buy iPhones at a Pasadena store were left unpaid, and they mobbed the man who had hired them, Pasadena police Lt. Jason Clawson said.</p> Business & Markets Fri, 20 Sep 2013 21:22:17 -0400 Associated Press 1063302971 http://bostonherald.com/business/business_markets/2013/09/blackberry_slashes_jobs_in_face_of_1b_2q_loss <p>TORONTO — It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once said she slept with hers under her pillow.</p><p>Then came the iPhone.</p><p>Users newly addicted to Facebook and photo-sharing and Angry Birds started flirting with the opposition. And as more smartphones flooded the market with their supersize Samsung screens and thousands of apps, the BlackBerry failed to keep up with the flash.</p> Business & Markets Fri, 20 Sep 2013 20:06:10 -0400 Associated Press 1063303256 http://bostonherald.com/business/business_markets/2013/09/navy_suspends_company_implicated_in_scheme <p>WASHINGTON — The Navy suspended a Singapore-based company and its president from contracting with the federal government after the arrests earlier this week in a bribery conspiracy scheme.</p><p>The president and chief executive officer of Glenn Defense Marine Asia Ltd., Leonard Francis, and his company and its affiliates are barred from federal contracts and can't receive benefits from federal assistance programs.</p> Business & Markets Fri, 20 Sep 2013 19:52:00 -0400 Associated Press 1063304181 http://bostonherald.com/business/business_markets/2013/09/allegiant_delays_cancels_flights_to_check_md_80s <p>LAS VEGAS — Allegiant Air officials said Friday that delays and cancelations could continue for several days as more than half of the airline's MD-80s remain grounded for overhauls of emergency slides like the ones deployed in an evacuation this week.</p><p>The inflatable chutes worked properly Monday when smoke was reported in the cabin of an Allegiant MD-80 at McCarran International Airport in Las Vegas, company officials said. An incident review, however, found that fleetwide maintenance hadn't complied with the slide manufacturer's recommendations.</p> Business & Markets Fri, 20 Sep 2013 19:51:00 -0400 Associated Press 1063302331 http://bostonherald.com/business/business_markets/2013/09/gop_house_keep_government_open_hit_obamacare <p>WASHINGTON — Charting a collision course with the White House, the Republican-controlled House approved legislation Friday to wipe out the 3-year-old health care law that President Barack Obama has vowed to preserve — and simultaneously prevent a partial government shutdown that neither party claims to want.</p> Business & Markets Fri, 20 Sep 2013 19:35:48 -0400 Associated Press 1063301316 http://bostonherald.com/business/business_markets/2013/09/stocks_drop_as_investors_fret_over_budget_fight <p>Washington's budget fight jolted investors on Friday, reminding them that the next few weeks could bring a lot of uncertainty. Wall Street hates uncertainty.</p><p>Stocks fell in an afternoon sell-off that wiped out most of the gains from a rally earlier this week, when the Federal Reserve decided to keep its huge economic stimulus program intact.</p><p>Major indexes were mixed in morning trading, but turned lower around midday after the U.S. House of Representatives voted to defund President Barack Obama's health care law.</p> Business & Markets Fri, 20 Sep 2013 17:50:51 -0400 Associated Press 1063302201 http://bostonherald.com/business/technology/technology_news/2013/09/senator_concerned_about_apples_fingerprint_tech <p>NEW YORK — Sen. Al Franken is asking Apple for more clarity on privacy and security concerns he has with its use of fingerprint recognition technology in the new iPhone 5S.</p><p>The iPhone 5S, which went on sale Friday, includes a fingerprint sensor that lets users tap the phone's home button to unlock their phone, rather than enter a four-digit passcode.</p> Technology News Fri, 20 Sep 2013 17:39:16 -0400 Associated Press 1063302701 http://bostonherald.com/business/business_markets/2013/09/oil_falls_as_another_us_budget_battle_looms <p>NEW YORK — Oil fell more than 1 percent Friday as fears of a disruption to Middle East supplies eased while concerns about a shutdown of the U.S. government grew stronger.</p><p>Benchmark oil for October delivery dropped $1.72, or 1.4 percent, to close at $104.67 per barrel on the New York Mercantile Exchange. For the week, oil dropped $3.54, or 3.3 percent. That's despite a 2.5 percent increase on Wednesday, when the U.S. Federal Reserve announced it would keep its stimulus policy in place.</p> Business & Markets Fri, 20 Sep 2013 17:14:39 -0400 Associated Press 1063303601 http://bostonherald.com/business/business_markets/2013/09/moodys_established_gambling_markets_faltering <p>LAS VEGAS — Established gambling towns like Las Vegas and Atlantic City are hurting as more states start welcoming bettors' dollars, Moody's Investors Service warned this week.</p><p>The credit rating agency issued a report describing a shift in casino tax revenues away from New Jersey, Indiana and Nevada to new markets in places like Pennsylvania, Illinois and Ohio.</p><p>The recession crushed gambling revenues across the county, and casino towns have been slow to bounce back.</p> Business & Markets Fri, 20 Sep 2013 16:13:19 -0400 Associated Press 1063303041 http://bostonherald.com/business/business_markets/2013/09/obama_moves_to_limit_power_plant_carbon_pollution <p>WASHINGTON — Linking global warming to public health, disease and extreme weather, the Obama administration pressed ahead Friday with tough requirements to limit carbon pollution from new power plants, despite protests from industry and Republicans that it would dim coal's future.</p> Business & Markets Fri, 20 Sep 2013 16:02:01 -0400 Associated Press 1063301306 http://bostonherald.com/business/healthcare/2013/09/ag_rides_for_dead_people_billed_to_medicaid_program <p>A medical transportation company billed the government for rides for dead people, according to the attorney general's office, which today indicted the owner of the Webster-based business for allegedly defrauding a Medicaid program of more than $470,000.</p><p>Cynthia J. Keegan, 50, of Webster and her company, Cross Roads Trolley, were indicted yesterday by a Worcester County grand jury for multiple counts of larceny and Medicaid false claims.</p> Healthcare Fri, 20 Sep 2013 12:21:00 -0400 Ariel Rodriguez 1063302521 http://bostonherald.com/business/business_markets/2013/09/employers_cut_jobs_in_20_us_states_in_august <p>WASHINGTON — Employers cut jobs in 20 states last month, suggesting modest improvement in the U.S. job market this year is not enough to benefit all areas of the country.</p><p>The Labor Department said Friday that 29 states added jobs, while Montana showed no net gain or loss in August. Unemployment rates rose in 18 states, fell in 17 and were unchanged in 15.</p><p>"The picture is decidedly mixed," said Jim Diffley, chief US regional economist at IHS Global Insight. "We're still optimistic about the improvement (in hiring), but it's been slow."</p> Business & Markets Fri, 20 Sep 2013 11:59:51 -0400 Associated Press 1063302231 http://bostonherald.com/business/real_estate/2013/09/much_needed_hub_condos_on_the_way <p> </p><p>For the past year, Bay State homeowners and potential home buyers competed in bidding wars as they targeted a dwindling supply of properties for sale. Massachusetts' housing market rebounded strongly in the first two quarters as the median sale price for single-family homes and condos jumped at double-digit rates and sales reached levels not seen since 2006.</p><p>But has the market cooled with mortgage rates up by a full percentage point over the past four months? And if so, what will the fall and winter markets look like?</p> Real Estate Fri, 20 Sep 2013 00:00:00 -0400 Jennifer Athas 1063300131 http://bostonherald.com/business/real_estate/2013/09/price_y_offices_rise_in_seaport <p>Shovels were ceremoniously lifted yesterday to mark construction already under way on the first office tower in Seaport Square, one of the largest mixed-used, master plan developments in the nation in one of the fastest growing areas of the city.</p> Real Estate Fri, 20 Sep 2013 00:00:00 -0400 Donna Goodison 1063300231

http://bostonherald.com/feed/4 en http://bostonherald.com/business/automotive/2013/09/magnificent_jag_is_a_treat_for_all <p>It's the chicken or the egg conundrum: Do you want to be the driver of the sleek 2013 Jaguar XJL or the passenger in the elegant cabin?</p><p>The long wheelbase of the XJL affords rear passengers a playground of luxurious creature comforts. Start with the reclining soft leather seats, drop-down glass trays and personal remote controls for the headrest-mounted entertainment centers. Add a whisper-quiet ride, a footrest to leisurely stretch out your legs, cooled and heated massaging seats and you arrive at work or the weekend estate in style.</p> Automotive Sat, 21 Sep 2013 00:00:00 -0400 Jim Mahoney 1063304386 http://bostonherald.com/business/business_markets/2013/09/bay_state_defense_firms_get_work_despite_cuts <p>Massachusetts companies that work with the U.S. Defense Department are still getting contracts in spite of federal budget cuts, but the firms say those contracts tend to be smaller.</p><p>The Defense Department this week announced more than $865 million in contracts, including $9.9 million to Boston Dynamics of Waltham for work on the Legged Squad Support System, or LS3, a legged robot to help service members carry their gear, following them through rugged terrain and interpreting verbal and visual commands.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063304391 http://bostonherald.com/business/real_estate/2013/09/cambridge_penthouse_could_be_your_castle <p>This four-bedroom duplex penthouse condo, the home of former Channel 4 meteorologist Mish Michaels, features a dramatic sweeping staircase that joins what were two separate units.</p><p>Part of the 113-unit Bay Square condo complex built in 1989, Michaels and her husband, Wes Atamian, combined two units in 2006 to create a showpiece custom-designed penthouse highlighted by a dramatic two-story vaulted turret with a living area overlooking a great room connected by a curving metal staircase.</p> Real Estate Sat, 21 Sep 2013 00:00:00 -0400 Paul Restuccia 1063304401 http://bostonherald.com/business/business_markets/2013/09/mit_study_us_needs_to_step_up_manufacturing <p>The nation's booming innovation economy is in danger of losing steam and moving overseas unless there is a significant increase in manufacturing in the U.S., according to a new study from the Massachusetts Institute of Technology, but Massachusetts is poised to take advantage of such an increase, a state official says.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Jordan Graham 1063304411 http://bostonherald.com/business/business_markets/2013/09/colonial_drug_departs_from_harvard_square <p>Another vestige of the much lamented Harvard Square of old will close its doors today.</p><p>Colonial Drug, known for its stock of more than 1,000 fragrances, is relocating after 66 years on Brattle Street to combine with the Stoddard's cutlery store in Newton at month's end.</p><p>"We did business with (Stoddard's owner David Marks') father, and his grandfather did business with our father," co-owner J.P. Botindari said. "We said someday we should get together, and we are. We complement each other."</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Donna Goodison 1063304531 http://bostonherald.com/business/business_markets/2013/09/pipe_had_leak_1_year_before_hawaii_molasses_spill <p>HONOLULU — A state inspector saw molasses dripping last year from the same spot where a pipe leaked up to 1,400 tons of the sugary substance into Honolulu Harbor earlier this month, killing more than 26,000 fish and other marine life.</p><p>Department of Transportation Deputy Director Randy Grune said Friday he sent a letter in July 2012 to Matson Navigation Co. notifying the company of the leak. The letter, provided to reporters Friday, asked Matson to tell the state when the pipeline was repaired.</p> Business & Markets Fri, 20 Sep 2013 22:27:32 -0400 Associated Press 1063303856 http://bostonherald.com/business/business_markets/2013/09/scheme_to_snag_iphones_leads_to_chaos_in_calif <p>PASADENA, Calif. — An overnight campout for the new iPhone turned chaotic Friday morning when two men were arrested for fighting outside an Apple Store and a man's plan to hire homeless people to wait in line for the coveted devices backfired, authorities said.</p><p>Dozens of people recruited at a downtown Los Angeles homeless shelter to buy iPhones at a Pasadena store were left unpaid, and they mobbed the man who had hired them, Pasadena police Lt. Jason Clawson said.</p> Business & Markets Fri, 20 Sep 2013 21:22:17 -0400 Associated Press 1063302971 http://bostonherald.com/business/business_markets/2013/09/blackberry_slashes_jobs_in_face_of_1b_2q_loss <p>TORONTO — It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once said she slept with hers under her pillow.</p><p>Then came the iPhone.</p><p>Users newly addicted to Facebook and photo-sharing and Angry Birds started flirting with the opposition. And as more smartphones flooded the market with their supersize Samsung screens and thousands of apps, the BlackBerry failed to keep up with the flash.</p> Business & Markets Fri, 20 Sep 2013 20:06:10 -0400 Associated Press 1063303256 http://bostonherald.com/business/business_markets/2013/09/navy_suspends_company_implicated_in_scheme <p>WASHINGTON — The Navy suspended a Singapore-based company and its president from contracting with the federal government after the arrests earlier this week in a bribery conspiracy scheme.</p><p>The president and chief executive officer of Glenn Defense Marine Asia Ltd., Leonard Francis, and his company and its affiliates are barred from federal contracts and can't receive benefits from federal assistance programs.</p> Business & Markets Fri, 20 Sep 2013 19:52:00 -0400 Associated Press 1063304181 http://bostonherald.com/business/business_markets/2013/09/allegiant_delays_cancels_flights_to_check_md_80s <p>LAS VEGAS — Allegiant Air officials said Friday that delays and cancelations could continue for several days as more than half of the airline's MD-80s remain grounded for overhauls of emergency slides like the ones deployed in an evacuation this week.</p><p>The inflatable chutes worked properly Monday when smoke was reported in the cabin of an Allegiant MD-80 at McCarran International Airport in Las Vegas, company officials said. An incident review, however, found that fleetwide maintenance hadn't complied with the slide manufacturer's recommendations.</p> Business & Markets Fri, 20 Sep 2013 19:51:00 -0400 Associated Press 1063302331 http://bostonherald.com/business/business_markets/2013/09/gop_house_keep_government_open_hit_obamacare <p>WASHINGTON — Charting a collision course with the White House, the Republican-controlled House approved legislation Friday to wipe out the 3-year-old health care law that President Barack Obama has vowed to preserve — and simultaneously prevent a partial government shutdown that neither party claims to want.</p> Business & Markets Fri, 20 Sep 2013 19:35:48 -0400 Associated Press 1063301316 http://bostonherald.com/business/business_markets/2013/09/stocks_drop_as_investors_fret_over_budget_fight <p>Washington's budget fight jolted investors on Friday, reminding them that the next few weeks could bring a lot of uncertainty. Wall Street hates uncertainty.</p><p>Stocks fell in an afternoon sell-off that wiped out most of the gains from a rally earlier this week, when the Federal Reserve decided to keep its huge economic stimulus program intact.</p><p>Major indexes were mixed in morning trading, but turned lower around midday after the U.S. House of Representatives voted to defund President Barack Obama's health care law.</p> Business & Markets Fri, 20 Sep 2013 17:50:51 -0400 Associated Press 1063302201 http://bostonherald.com/business/technology/technology_news/2013/09/senator_concerned_about_apples_fingerprint_tech <p>NEW YORK — Sen. Al Franken is asking Apple for more clarity on privacy and security concerns he has with its use of fingerprint recognition technology in the new iPhone 5S.</p><p>The iPhone 5S, which went on sale Friday, includes a fingerprint sensor that lets users tap the phone's home button to unlock their phone, rather than enter a four-digit passcode.</p> Technology News Fri, 20 Sep 2013 17:39:16 -0400 Associated Press 1063302701 http://bostonherald.com/business/business_markets/2013/09/oil_falls_as_another_us_budget_battle_looms <p>NEW YORK — Oil fell more than 1 percent Friday as fears of a disruption to Middle East supplies eased while concerns about a shutdown of the U.S. government grew stronger.</p><p>Benchmark oil for October delivery dropped $1.72, or 1.4 percent, to close at $104.67 per barrel on the New York Mercantile Exchange. For the week, oil dropped $3.54, or 3.3 percent. That's despite a 2.5 percent increase on Wednesday, when the U.S. Federal Reserve announced it would keep its stimulus policy in place.</p> Business & Markets Fri, 20 Sep 2013 17:14:39 -0400 Associated Press 1063303601 http://bostonherald.com/business/business_markets/2013/09/moodys_established_gambling_markets_faltering <p>LAS VEGAS — Established gambling towns like Las Vegas and Atlantic City are hurting as more states start welcoming bettors' dollars, Moody's Investors Service warned this week.</p><p>The credit rating agency issued a report describing a shift in casino tax revenues away from New Jersey, Indiana and Nevada to new markets in places like Pennsylvania, Illinois and Ohio.</p><p>The recession crushed gambling revenues across the county, and casino towns have been slow to bounce back.</p> Business & Markets Fri, 20 Sep 2013 16:13:19 -0400 Associated Press 1063303041 http://bostonherald.com/business/business_markets/2013/09/obama_moves_to_limit_power_plant_carbon_pollution <p>WASHINGTON — Linking global warming to public health, disease and extreme weather, the Obama administration pressed ahead Friday with tough requirements to limit carbon pollution from new power plants, despite protests from industry and Republicans that it would dim coal's future.</p> Business & Markets Fri, 20 Sep 2013 16:02:01 -0400 Associated Press 1063301306 http://bostonherald.com/business/healthcare/2013/09/ag_rides_for_dead_people_billed_to_medicaid_program <p>A medical transportation company billed the government for rides for dead people, according to the attorney general's office, which today indicted the owner of the Webster-based business for allegedly defrauding a Medicaid program of more than $470,000.</p><p>Cynthia J. Keegan, 50, of Webster and her company, Cross Roads Trolley, were indicted yesterday by a Worcester County grand jury for multiple counts of larceny and Medicaid false claims.</p> Healthcare Fri, 20 Sep 2013 12:21:00 -0400 Ariel Rodriguez 1063302521 http://bostonherald.com/business/business_markets/2013/09/employers_cut_jobs_in_20_us_states_in_august <p>WASHINGTON — Employers cut jobs in 20 states last month, suggesting modest improvement in the U.S. job market this year is not enough to benefit all areas of the country.</p><p>The Labor Department said Friday that 29 states added jobs, while Montana showed no net gain or loss in August. Unemployment rates rose in 18 states, fell in 17 and were unchanged in 15.</p><p>"The picture is decidedly mixed," said Jim Diffley, chief US regional economist at IHS Global Insight. "We're still optimistic about the improvement (in hiring), but it's been slow."</p> Business & Markets Fri, 20 Sep 2013 11:59:51 -0400 Associated Press 1063302231 http://bostonherald.com/business/real_estate/2013/09/much_needed_hub_condos_on_the_way <p> </p><p>For the past year, Bay State homeowners and potential home buyers competed in bidding wars as they targeted a dwindling supply of properties for sale. Massachusetts' housing market rebounded strongly in the first two quarters as the median sale price for single-family homes and condos jumped at double-digit rates and sales reached levels not seen since 2006.</p><p>But has the market cooled with mortgage rates up by a full percentage point over the past four months? And if so, what will the fall and winter markets look like?</p> Real Estate Fri, 20 Sep 2013 00:00:00 -0400 Jennifer Athas 1063300131 http://bostonherald.com/business/real_estate/2013/09/price_y_offices_rise_in_seaport <p>Shovels were ceremoniously lifted yesterday to mark construction already under way on the first office tower in Seaport Square, one of the largest mixed-used, master plan developments in the nation in one of the fastest growing areas of the city.</p> Real Estate Fri, 20 Sep 2013 00:00:00 -0400 Donna Goodison 1063300231

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