Business

‘The Measuring Stick’: Boston Music Scene Worries About Life After The Phoenix

March 28, 2013
(Courtesy of Kingsley Flood)

BOSTON — As the alternative weekly folds, many are worried about the loss of the type of comprehensive — and often irreverent — arts coverage the Phoenix was known for.

FDA Approves Biogen Idec’s MS Capsules

March 27, 2013

WASHINGTON — The twice-a-day capsules, called Tecfidera, offer a new option for multiple sclerosis.

Wynn Unveils Rendering, Details For Proposed Everett Casino

March 27, 2013
Artist's rendering of the proposed Wynn Harbor Park in Everett (Wynn Resorts Holdings)

EVERETT, Mass. — The $1.2 billion Wynn Everett would create more than 4,000 permanent jobs and 3,700 construction jobs, according to the company.

Mass. Seeks To Eliminate Tollbooths For Cashless System

March 27, 2013
The Tobin Bridge tollbooths are slated for removal in the spring of 2014. (Jesse Costa/WBUR)

BOSTON — The new system would be entirely cashless and faster, but could put some 400 toll workers out of a job.

Eastern Bank CEO Explains Company’s Opposition To DOMA

March 26, 2013

BOSTON — “The administrative burden is not really the issue. It’s more, for us, a question of fairness,” says Eastern Bank CEO Richard Holbrook.

Raytheon Reorganizes, Cutting 200 Jobs

March 25, 2013

WALTHAM, Mass. — The Massachusetts-based defense contractor declined to say which locations or operations would see job cuts.

Bernanke: Low-Interest-Rate Policies Benefit Trade

March 25, 2013

Bernanke staunchly defended the Fed’s policies and similar stimulus efforts pursued by other central banks since the 2008 financial crisis.

U.S. Stock Markets Fall Despite Cyprus Bailout

March 25, 2013
Trader Michael Zacchinolfi, center, works on the floor of the New York Stock Exchange Monday, March 25, 2013. (Richard Drew/AP)

NEW YORK — Optimism about a deal to prevent financial collapse in Cyprus had briefly pushed the Standard & Poor’s 500 index to within a half-point of its record closing high, but the indexes soon turned negative, scuttling a rally in Europe.

Mass. Businesses Argue DOMA Hurts Profits, Company Culture

March 25, 2013
Dozens have been camping out for days in front of the U.S. Supreme Court for a seat to watch oral arguments in a same-sex marriage case that start Tuesday. (Jacquelyn Martin/AP)

BOSTON — Over 30 Massachusetts businesses are joining nearly 300 companies across the country in asking the Supreme Court to strike down DOMA, saying it hurts their bottom lines.

Cyprus Turns To EU In Last-Ditch Bid For Bailout

March 24, 2013

BRUSSELS — Cypriot politicians turned to the European Union in an effort to help their island nation forge a viable plan to secure an international bailout after failing for a week to find a solution to a crisis that could force their country into bankruptcy.

Can Drug Companies Pay To Delay Generics?

March 24, 2013
In this Jan. 7, 2008 file photo, then-Attorney Donald Verrilli talks to media outside the Supreme Court. Now President Obama's top Supreme Court lawyer, Solicitor General Verilli will argue before the Court this week whether it is legal for patent-holding pharmaceutical companies to pay generic drugmakers to temporarily keep their cheaper versions of brand-name drugs off the market. (Evan Vucci/AP File)

WASHINGTON — Federal regulators are pressing the Supreme Court to stop pharmaceutical corporations from paying generic drug competitors to delay releasing their cheaper versions of brand-name drugs, arguing these deals deny American consumers steep price declines.

Mass. Awarded $44M In Film Tax Credits In 2011

March 22, 2013

BOSTON — That’s a jump from the $18 million in film tax credits awarded in 2010.

Ex-Patriot QB Bledsoe Seeks Change In Mass. Wine Law

March 21, 2013

BOSTON — He’s joining an effort to end a ban on out-of-state shipments of wine to Massachusetts.

Mass. Jobless Rate Drops To 6.5 Percent; 500 Jobs Added In Feb.

March 21, 2013
(March 2013 figures from the state Office of Labor and Workforce Development)

BOSTON — The state labor department says Massachusetts has now surpassed pre-recession overall jobs levels.

Gaming Commission Weighs Opening SE Region

March 21, 2013

FALL RIVER, Mass. — The state gaming commission will meet in Fall River as it considers whether to extend an Indian tribe’s exclusive right to develop a casino in southeastern Massachusetts.

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