Economy

U.S. Economy Adds 88K Jobs, Unemployment Rate Drops to 7.6 Percent

April 5, 2013

WASHINGTON — The number of new jobs is the fewest in nine months and a sharp retreat after a period of strong hiring. The slowdown is a reminder that the job market’s path back to full health will be uneven.

Foreclosure Activity Continues To Drop In Mass.

April 2, 2013

BOSTON — Lenders filed 856 foreclosure petitions in February in Massachusetts, down from 1,394 the previous February.

Feds Officially Propose Cuts In New England Fish Catch

March 30, 2013

BOSTON — The size of the proposed cuts have been known for weeks, but are now open for public comment until April 15. The 2013 fishing season starts May 1.

Source: Business, Labor Get Deal On Worker Program

March 30, 2013

WASHINGTON — Big business and labor have struck a deal on a new low-skilled worker program, removing the biggest hurdle to completion of sweeping immigration legislation allowing 11 million illegal immigrants eventual U.S. citizenship, a person with knowledge of the talks said Saturday.

Development Under Menino: ‘It’s A Dramatically Different City’

March 29, 2013

BOSTON — Peter Meade, who leads the Boston Redevelopment Authority, says young people are the future of Boston.

Mass. Home Sales Dip; Low Inventory Blamed

March 26, 2013

BOSTON — The 13-month string of rising home sales in Massachusetts skidded to a halt in February, as sales dipped 5 percent.

Report Is Bullish On State’s Life Sciences Investments

March 26, 2013

BOSTON — Tax incentives authorized under a 2008 law to grow the Massachusetts life sciences sector created more than 2,500 jobs through June 2012, the report found.

Menino, ‘Never Been More Confident About Boston,’ Outlines New Initiatives

March 25, 2013

BOSTON — Mayor Thomas Menino touted Boston’s recent accomplishments and outlined several new proposals, including a plan for 30,000 new housing units by the end of the decade.

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.

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.

5 Mass. Airport Towers To Close In FAA Cuts

March 22, 2013

BOSTON — The towers at airports in Beverly, New Bedford, Lawrence, Worcester and Norwood will shut down early next month.

FAA To Close 149 Air Traffic Towers Under Cuts

March 22, 2013

CHICAGO — Under orders to trim hundreds of millions of dollars from its budget, the Federal Aviation Administration said 149 air traffic control facilities will close at small airports around the country starting early next month.

Report: Of Biggest Cities, Boston’s Got The ‘Best Budgeters’

March 22, 2013

BOSTON — Of the country’s 30 biggest metro areas, Boston has the most responsible consumers, according to a new report from a credit card comparison website.

Senate Passes Warren’s Fishery Assistance Plan

March 22, 2013
A New Bedford fishing crew member cleans the dredges after an eight-day voyage. (Jesse Costa/WBUR)

BOSTON — The bipartisan amendment sets aside funds in the 2014 budget to aid fishermen across the Northeast region.

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