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Addicted to Black Friday

Written By Unknown on Sabtu, 24 November 2012 | 12.32

Despite economic worries and Thursday night openings in neighboring states, consumers rewarded Massachusetts retailers and malls for opening earlier than ever yesterday, showing that Black Friday shopping has become as much of a tradition as turkey on Thanksgiving.

And elsewhere across the country — without the Bay State's blue laws to keep the holiday sacrosanct — crowds rushing the stores on Thanksgiving is becoming as common as gridiron tilts for millions, said the National Retail Federation, which expects holiday sales to climb 4.1 percent to $586 billion this year.

"I had no intention of buying a TV, but when I saw the deal it was too good to pass up," said Steve Abellard of Quincy, strapping a 60-inch Vizio to the top of his car early yesterday morning, along with his brother, who also purchased a TV.

Black Friday got off to a busy start at the Wrentham Village Premium Outlets, where a traditional 12:01 a.m. opening, which overcame a challenge by town police this year, had traffic backed up for miles as usual. The trend was self-gifting, with many standing in lines for hours to buy a coveted item for themselves.

"This year the discounts are better than last year," said Ravish Jain, 28, a software engineer from Rhode Island who was shopping for a PlayStation 3 at the Sony store and was among the first in line.

Black Friday shopping is a family tradition for Jeanne Dennis and her daughter — and it started in the womb. Dennis had a Nov. 29 due date for the now 31-year-old Heather Braccialarghe. "That was Thanksgiving weekend, and I was at Filene's Basement," she said. "Fortunately, she was two weeks late."

The two were among the throngs mid-morning yesterday at the Burlington Mall, which had lines at every entrance for its first-ever 12:30 a.m. opening. They were on their fourth stop, after a 5 a.m. start from Mashpee to shop at Braintree's South Shore Plaza, and Kohl's and Crate & Barrel in Burlington.

But Carlos Rodrigues opted to return home after arriving at midnight at Target in Dorchester's South Bay Center, where the line snaked around the corner.

"It was too crazy," he said, after returning in the afternoon. "I gave up quickly. Any deals the first people in line are going to get — not everybody."

Walmart boasted of its best Black Friday ever and downplayed demonstrations and planned employee walkouts at its stores in support of a campaign led by a United Food and Commercial Workers International Union-tied group.

"We are aware of a few dozen protests at our stores," spokesman David Tovar said yesterday. "The number of associates that have missed their scheduled shift today is more than 60 percent less than ... last year."

But groups of two to 30 demonstrated at all 48 Walmarts in Massachusetts yesterday, said Russ Davis of Massachusetts Jobs with Justice. "It's preposterous," he said of Walmart's response.

At Walmart in Quincy, throngs of shoppers jammed the aisles just after the 1 a.m. opening and carts were filled with big-ticket items.

Foot traffic was a bit more muted in downtown Boston later in the morning.

West Roxbury's Gina Huber and Patrick McDonough started shopping at 7:30 a.m., visiting Copley Place and the Shops at Prudential Center. Given the sluggish economy, they didn't plan to go overboard on big-ticket items this year.


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Pay limits tore at TARP bailout

The executive pay limits that came with the bank bailouts of the 2008-2009 financial crisis may have had the unintended benefit of reducing the bailouts' scope, a new study has found.

A report in the Journal of Banking, Finance and Accounting finds that the pay provisions discouraged some banks from participating in the Troubled Asset Relief Program, which ultimately paid out $400 billion of the $700 billion the government budgeted to shore up the U.S. financial system.

"We do know that some high-profile bankers complained that the pay restrictions were onerous. (But) our study suggests that TARP may have been better designed than bankers would have you believe," said Mary Ellen Carter, a Boston College professor of accounting and one of the study's authors. "The restrictions gave financial incentives for bank executives to think carefully about participating and, if they did participate, to get out from underneath the program as quickly as possible."

The researchers studied 263 publicly traded banks that were approved for TARP and found that 35 rejected the funds and that this decision was related to higher levels of CEO pay. However, these banks fared just as well as banks that took TARP money.

So the pay restrictions may have deterred banks that didn't really need the money from taking it, Carter said.

Banks that did take TARP funds saw higher executive turnover than their peers, she said, but the performance of those banks also didn't suffer.


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Home buyers see few price reductions

Written By Unknown on Jumat, 23 November 2012 | 12.32

Today kicks off the holiday shopping season, which can mean big sales for most shoppers.

But while the retail world is offering deals and slashing prices, many home buyers aren't seeing the same price reductions they were getting in the recent past.

In Boston, the number of price cuts for single-family homes and condos is down 42 percent compared to last year with 1,924 listings reduced compared to 3,995 listings reduced last year, according to information provided from Multiple Listing Service Property Information Network.

Statewide, the number of price reductions for single-family homes and condos also tumbled, down 25 percent compared to last year with 36,248 listings reduced compared to 48,656 listings reduced.

Several factors are contributing to the decreased number of price reductions, including low housing inventory and brokers and sellers pricing property to move quickly.

"In some areas, such as Boston, homes are selling at the asking price at the first open house," said Ed Elkins, principal of Elkins Appraisal Services. "Buyers have a lot less to choose from. We are at about a two-month supply of homes on the market, with more buyers in the market than available properties."

Current inventory of single-family homes and condos is down 44 percent in Boston and down 20 percent statewide compared to last year, according to information provided from the MLS Property Informaion Network.

"Days on market are also lower and these low inventory levels are bringing a faster turnaround for today's sellers," Elkin said.

In Boston, the average days on market is down 38 percent — from 118 days to 73 days. In Massachusetts, the decline in days on market is 31 percent — from 158 days to 108 days.

What is also happening with sellers is they are more realistic about their home value and pricing their properties accordingly. What is guiding these sellers is the fact that they now have some "comparable sales" to judge a suitable listing price unlike the past couple of years, when sellers had only a few sales to support the value of their homes.

Jonathan and Hillary, a couple recently selling their condo in South Boston, sat down with a broker who presented them with a significant number of recent transactions in the neighborhood that made them feel comfortable with their initial listing price of $429,000.

"We had a slew of comparable properties to support the value and listing price of our just 1,000-plus square foot condominium on the east side," said Jonathan. The two-bedroom duplex, converted in 2006 and without parking, sold in just over a week.

With an adequate number of comparable sales and more buyers in the market than available listings, "this balance is helping to sustain price growth, and homes that are correctly priced tend to sell quickly, while those that aren't often languish on the market," Elkin said.

Median home prices for both condos and single-family homes in Boston are up 10 percent from $402,500 to $449,000 and up 3 percent in Massachusetts from $300,000 to $309,000, according to information obtained from MLS Property Information Network.

Jennifer Athas is a licensed real estate broker and can be reached by email at heraldhotproperty@gmail.com. Follow her on Twitter @JenAthas.


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Traffic backup snarls Wrentham outlets' Black Friday opening

Interstate 495 in Wrentham is significantly backed up as shoppers head to the highly anticipated Black Friday midnight opening at the Wrentham Village Premium Outlets.The worst traffic was on the southbound side, where backups were already over a mile long as of 10 p.m.

Police had placed orange traffic cones to direct traffic to the exit -- and prevent cars was jumping the line -- on the northbound side, where the backup was not as severe.

It was unclear why the same measures were not taken on the southbound side.


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Media screens to light up Innovation Center

Written By Unknown on Kamis, 22 November 2012 | 12.32

Boston's burgeoning Innovation Center will be dressed up with digital signs, as city planners hope the facility becomes a beacon for entrepreneurs when it opens next year.

The Boston Redevelopment Authority is floating plans for flashy "media screens" on the single-story building — the first part of the Seaport Square development that's under construction on the South Boston waterfront.

The high-definition signs will display programming and events taking place at the Innovation Center, along with artwork, ads and information about the area.

The signs will mirror the "digital media tower" that stands outside the Boston Convention & Exhibition Center.

"We think that's been a huge success there and could be good, though with a narrower focus, at the Innovation Center," said BRA spokeswoman Susan Elsbree.

Architect Hacin & Associates designed the Northern Avenue building — the manifestation of Mayor Thomas M. Menino's "Innovation District" — but BRA staffers are taking on the digital signs.

The $5.5 million project, funded by Seaport Square developers John Hynes of Boston Global Investors and Morgan Stanley, broke ground last April and is set for completion next April.

Tim Rowe, founder of the Cambridge Innovation Center, is developing the programming and will manage the day-to-day operations in Boston. The public facility will be outfitted with conference rooms, studios, meeting space for networking and events, and a restaurant with a patio. An official name is still in the works.


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The Ticker

Hostess winding down

A bankruptcy court judge yesterday approved a request by Hostess Brands Inc. to begin winding down its operations.

The ruling came after the maker of Twinkies, Ding Dongs and Wonder Bread failed in last-ditch negotiations to end a strike by its second-largest union.

Hostess now has the green light to terminate the jobs of its 18,000 workers without risking legal action, and to sell off its brands.

Zipcar shares zoom on financial report

Shares of Zipcar soared to a six-week high after Goldman Sachs Group raised its rating for the Cambridge car-sharing service.

The company's profit may rise more than investors expect because of "potentially higher operating margins in new and established markets" such as Boston, New York, San Francisco and Washington, the investment bank said.

Ban on gifts to docs weakened

The Massachusetts Public Health Council approved regulations to implement a law passed last summer allowing pharmaceutical and medical device companies to provide "modest" meals to doctors and other prescribers.

"It's unfortunate we have taken a step back on the gift ban passed in 2008," said Amy Whitcomb Slemmer, executive director of Health Care for All.

The council voted to increase the reporting requirements for meals outside medical settings, but it will be up to Public Health Commissioner Lauren Smith to decide exactly what must be reported.

Facebook may end voting on privacy

Facebook is proposing to end its practice of letting users vote on changes to its privacy policies. But the social network said it will continue to let users comment on proposed updates.

Today

L U.S. financial markets are closed for Thanksgiving.TOMORROW

L Retailers kick off the holiday shopping season with Black Friday sales.


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Business - BostonHerald.com

Written By Unknown on Rabu, 21 November 2012 | 12.32

Business - BostonHerald.comBusiness - BostonHerald.com

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Wed, 21 Nov 2012 00:26:59 -0500 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176303&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176303&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176303&srvc=rss Black Friday has already arrived in many stores. Toys 'R' Us has a three-day sale online with 20 percent off... business Tue, 20 Nov 2012 22:56:37 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176301&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176301&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176301&srvc=rss There once was a man from Nantucket, who opposed CVS so much it said ... forget it. Greg Hinson, a family doctor,... business Tue, 20 Nov 2012 22:10:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176299&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176299&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176299&srvc=rss Thanksgiving could soon be Black Thanksgiving. The list of retailers opening on Thanksgiving this year has grown... business Tue, 20 Nov 2012 21:50:55 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176300&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176300&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176300&srvc=rss Walmart is bracing for protests on Black Friday, but not from shoppers who will get an in-store guarantee on select... business Tue, 20 Nov 2012 21:50:43 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176290&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176290&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176290&srvc=rss Retailers hope to revel in strong holiday sales this year, but several Bay State shoppers plan to skip the long... business Tue, 20 Nov 2012 21:38:00 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176262&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176262&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176262&srvc=rss Homes by the Garden AvalonBay Communities disclosed fresh details about its planned 38-story residential tower... business Tue, 20 Nov 2012 21:34:47 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176294&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176294&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176294&srvc=rss NEW YORK - Federal labor officials said Tuesday they don't expect to decide before Thursday on whether to seek... business Tue, 20 Nov 2012 21:10:20 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176228&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176228&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176228&srvc=rss WASHINGTON - No prescription or doctor's exam needed: The nation's largest group of obstetricians and gynecologists... business Tue, 20 Nov 2012 19:10:21 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176225&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176225&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176225&srvc=rss With Black Friday, Small Business Saturday and Cyber Monday fast upon us, state officials have unveiled a series... business Tue, 20 Nov 2012 18:27:36 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176183&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176183&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176183&srvc=rss Macy's Downtown Crossing store will celebrate the start of the holiday season on Friday with help from Destiny's... business Tue, 20 Nov 2012 17:40:04 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061176165&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061176165&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061176165&srvc=rss AvalonBay Communities disclosed fresh details about its planned residential tower next to the TD Garden, saying... business Tue, 20 Nov 2012 17:31:10 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176217&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176217&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176217&srvc=rss CHICAGO - The hunt for brain injury treatments has suffered a big disappointment in a major study that found zero... business Tue, 20 Nov 2012 16:49:30 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176214&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176214&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176214&srvc=rss NEW YORK - The price of oil fell sharply today on signs that Israel and Hamas are close to putting a halt to fighting... business Tue, 20 Nov 2012 16:25:37 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176206&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176206&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176206&srvc=rss Walmart is offering Black Friday shoppers an in-store guarantee on a select few items for the first time this year,... business Tue, 20 Nov 2012 15:54:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176166&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176166&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176166&srvc=rss Massachusetts Treasurer Steven Grossman is calling on the chairman of the U.S. Senate Committee on Finance to support... business Tue, 20 Nov 2012 15:27:22 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175909&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175909&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175909&srvc=rss NEW YORK - Shares of Apple jumped nearly 6 percent Monday, with one analyst calling a two-month sell-off in shares... business Tue, 20 Nov 2012 14:23:03 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176004&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176004&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176004&srvc=rss Despite the public clamor and Rob Gronkowski's obvious determination to return as soon as he can from a broken... business Tue, 20 Nov 2012 14:14:32 -0500 http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176188&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176188&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176188&srvc=rss DEARBORN, Mich. - GE is buying 2,000 plug-in hybrid cars from Ford for its corporate fleet. Ford and GE announced... business Tue, 20 Nov 2012 14:01:29 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176186&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176186&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176186&srvc=rss NEW YORK - Hewlett-Packard Co. said on Tuesday that it's the victim of a $5-billion-plus fraud, claiming a British... business Tue, 20 Nov 2012 13:48:28 -0500 http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176181&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176181&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176181&srvc=rss ALBANY, N.Y. - Chevron Corp. has asked New York's ethics commission to investigate state Comptroller Thomas DiNapoli. The... business Tue, 20 Nov 2012 13:35:56 -0500 http://www.bostonherald.com/business/media/view.bg?articleid=1061176174&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061176174&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061176174&srvc=rss NEW YORK - News Corp. said Tuesday it was acquiring a 49 percent stake in the YES Network, the New York Yankees'... business Tue, 20 Nov 2012 13:11:42 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176167&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176167&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176167&srvc=rss WASHINGTON - Federal Reserve Chairman Ben Bernanke is warning Congress and the Obama administration to strike... business Tue, 20 Nov 2012 12:33:40 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176161&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176161&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176161&srvc=rss INDIANAPOLIS - Mark Miles has been named chief executive officer of Hulman & Co, which counts Indianapolis Motor... business Tue, 20 Nov 2012 11:56:41 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176159&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176159&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176159&srvc=rss GENEVA - The main global warming pollutant reached a record high level in the air in 2011, the U.N. weather agency... business Tue, 20 Nov 2012 11:51:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176158&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176158&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176158&srvc=rss SAN PEDRO, Belize - Software company founder John McAfee says he's wearing a disguise and hiding in plain sight,... business Tue, 20 Nov 2012 11:42:34 -0500

Business - BostonHerald.comBusiness - BostonHerald.com

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Wed, 21 Nov 2012 00:26:59 -0500 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176303&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176303&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176303&srvc=rss Black Friday has already arrived in many stores. Toys 'R' Us has a three-day sale online with 20 percent off... business Tue, 20 Nov 2012 22:56:37 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176301&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176301&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176301&srvc=rss There once was a man from Nantucket, who opposed CVS so much it said ... forget it. Greg Hinson, a family doctor,... business Tue, 20 Nov 2012 22:10:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176299&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176299&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176299&srvc=rss Thanksgiving could soon be Black Thanksgiving. The list of retailers opening on Thanksgiving this year has grown... business Tue, 20 Nov 2012 21:50:55 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176300&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176300&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176300&srvc=rss Walmart is bracing for protests on Black Friday, but not from shoppers who will get an in-store guarantee on select... business Tue, 20 Nov 2012 21:50:43 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176290&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176290&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176290&srvc=rss Retailers hope to revel in strong holiday sales this year, but several Bay State shoppers plan to skip the long... business Tue, 20 Nov 2012 21:38:00 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176262&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176262&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176262&srvc=rss Homes by the Garden AvalonBay Communities disclosed fresh details about its planned 38-story residential tower... business Tue, 20 Nov 2012 21:34:47 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176294&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176294&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176294&srvc=rss NEW YORK - Federal labor officials said Tuesday they don't expect to decide before Thursday on whether to seek... business Tue, 20 Nov 2012 21:10:20 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176228&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176228&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176228&srvc=rss WASHINGTON - No prescription or doctor's exam needed: The nation's largest group of obstetricians and gynecologists... business Tue, 20 Nov 2012 19:10:21 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176225&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176225&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176225&srvc=rss With Black Friday, Small Business Saturday and Cyber Monday fast upon us, state officials have unveiled a series... business Tue, 20 Nov 2012 18:27:36 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176183&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176183&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176183&srvc=rss Macy's Downtown Crossing store will celebrate the start of the holiday season on Friday with help from Destiny's... business Tue, 20 Nov 2012 17:40:04 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061176165&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061176165&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061176165&srvc=rss AvalonBay Communities disclosed fresh details about its planned residential tower next to the TD Garden, saying... business Tue, 20 Nov 2012 17:31:10 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176217&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176217&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176217&srvc=rss CHICAGO - The hunt for brain injury treatments has suffered a big disappointment in a major study that found zero... business Tue, 20 Nov 2012 16:49:30 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176214&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176214&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176214&srvc=rss NEW YORK - The price of oil fell sharply today on signs that Israel and Hamas are close to putting a halt to fighting... business Tue, 20 Nov 2012 16:25:37 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176206&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176206&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176206&srvc=rss Walmart is offering Black Friday shoppers an in-store guarantee on a select few items for the first time this year,... business Tue, 20 Nov 2012 15:54:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176166&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176166&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176166&srvc=rss Massachusetts Treasurer Steven Grossman is calling on the chairman of the U.S. Senate Committee on Finance to support... business Tue, 20 Nov 2012 15:27:22 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175909&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175909&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175909&srvc=rss NEW YORK - Shares of Apple jumped nearly 6 percent Monday, with one analyst calling a two-month sell-off in shares... business Tue, 20 Nov 2012 14:23:03 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176004&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176004&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061176004&srvc=rss Despite the public clamor and Rob Gronkowski's obvious determination to return as soon as he can from a broken... business Tue, 20 Nov 2012 14:14:32 -0500 http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176188&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176188&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176188&srvc=rss DEARBORN, Mich. - GE is buying 2,000 plug-in hybrid cars from Ford for its corporate fleet. Ford and GE announced... business Tue, 20 Nov 2012 14:01:29 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176186&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176186&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061176186&srvc=rss NEW YORK - Hewlett-Packard Co. said on Tuesday that it's the victim of a $5-billion-plus fraud, claiming a British... business Tue, 20 Nov 2012 13:48:28 -0500 http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176181&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176181&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/automotive/view.bg?articleid=1061176181&srvc=rss ALBANY, N.Y. - Chevron Corp. has asked New York's ethics commission to investigate state Comptroller Thomas DiNapoli. The... business Tue, 20 Nov 2012 13:35:56 -0500 http://www.bostonherald.com/business/media/view.bg?articleid=1061176174&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061176174&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061176174&srvc=rss NEW YORK - News Corp. said Tuesday it was acquiring a 49 percent stake in the YES Network, the New York Yankees'... business Tue, 20 Nov 2012 13:11:42 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176167&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176167&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176167&srvc=rss WASHINGTON - Federal Reserve Chairman Ben Bernanke is warning Congress and the Obama administration to strike... business Tue, 20 Nov 2012 12:33:40 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176161&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176161&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176161&srvc=rss INDIANAPOLIS - Mark Miles has been named chief executive officer of Hulman & Co, which counts Indianapolis Motor... business Tue, 20 Nov 2012 11:56:41 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176159&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176159&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176159&srvc=rss GENEVA - The main global warming pollutant reached a record high level in the air in 2011, the U.N. weather agency... business Tue, 20 Nov 2012 11:51:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061176158&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176158&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061176158&srvc=rss SAN PEDRO, Belize - Software company founder John McAfee says he's wearing a disguise and hiding in plain sight,... business Tue, 20 Nov 2012 11:42:34 -0500


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No fun for Black Friday

Written By Unknown on Selasa, 20 November 2012 | 12.32

Holiday shoppers with toys on their lists may do well to sleep in on Black Friday.

A study that tracked the online prices of 252 toys last year — including those on the Toys 'R' Us "hot toy" list — found that Black Friday ranked as the worst day to buy them. The best day to get a toy below its original holiday price was the first Saturday in December, when nearly three in five of the toys were on sale.

"The good news is that actually a lot of products are on sale (on Black Friday) compared to their prices at the end of September, but it wasn't even close to the best day," said Andrew Mahon, co-founder and vice president of marketing at Maynard-based Evoqu Inc., whose ShopAdvisor website and app allows consumers to create shopping lists and receive alerts when prices hit a certain point. "Between Black Friday and Christmas, it turned out to be the worst sale day. Black Friday was the day when the lowest percentage of products (46 percent) were on sale below their original holiday prices."

Prices for nearly a quarter of the toys actually spiked on Black Friday, second only to the day before Dec. 23, when two in five of the toys were priced at a premium.

Shoppers willing to take a risk did best in the last two weeks before Christmas. At least one in 10 toys were discounted by 30 percent or more on each of the last 14 days before Christmas. But, the prices of almost as many toys increased by 30 percent or more during that time.

"Let's say there's one of three toys that I know one of my kids wants," Mahon said. "There's a pretty big chance that one of them is going to go on peak sale ... in the two weeks before Christmas."

Consumers can follow some of ShopAdvisor's analysis of this year's toy prices on its blog, which is tracking 24 toys on the Toys 'R' Us 2012 "hot toy" list announced in September.

For shoppers who still prefer to get their shopping done on or before Black Friday, online price-tracking sites are a great resource, according to Somerville consumer advocate Edgar Dworsky, founder of ConsumerWorld.org.

"Consumers are kind of notoriously bad at doing comparison shopping and worse on following up on purchases that they made to see if the prices dropped," Dworsky said. "It's wise to shop at a store that has a price guarantee, so if you buy an item on Black Friday, and the price goes down, you can go back and get the difference."

Dworsky concedes that not everything is cheaper on Black Friday, but advertised items tend to have "pretty good" prices and door-busters tend to have "great" prices. Some retailers are starting their online Black Friday sales — which include toys — as early as just after tonight, at 12:30 a.m. tomorrow. A list of those stores and their starting hours can be found at BlackFriday.GottaDeal.com/Tracker.


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SBLI chief Sheridan leaves 'on a high note'

Savings Bank Life Insurance Co. CEO and President Bob Sheridan, a major player in Boston business and philanthropy, retired yesterday after 20 years as the boss at the Woburn-based life insurer founded in 1907 by Louis Brandeis.

"Bob has shepherded SBLI through tremendous growth and success, all the while establishing the company as one of our region's most generous corporate citizens," said Jim Brett of the New England Council. "He is truly a model for the new generation of corporate leaders."

During Sheridan's tenure, SBLI has grown from a Massachusetts-only company to an insurer that sells policies in every state except New York. The outgoing CEO said yesterday: "New York has such a hostile regulatory environment. It's the Afghanistan of the life insurance business, but we'll get there."

Quick-witted, affable and self-deprecating, Sheridan opened up to the Herald in a November 2010 profile about losing both parents within a year when he was still in college.

"I'm 64. I lost both my parents when they were 64. It became an important number for me," Sheridan said yesterday when asked why he picked this year to step down. "I'd have to lie on a couch and have an analyst tell me why. If I drop dead in a few weeks, it won't have been the smartest decision. They'll say, good job, Sheridan."

Since Sheridan took the reins in 1992, SBLI's assets have climbed 150 percent to $2.25 billion and net income has risen nearly 500 percent to $17.7 million.

"I'm proud of building a national company, nurturing and developing an all-star staff and staying true to our mission, which is to provide safe, low-cost life insurance," said Sheridan, whose well wishes yesterday included a message on the Century Bank electronic sign visible from Interstate 93. "I've learned you have to stay focused, but be willing to take on risk. You will make mistakes, but you have to learn from them and move on."

"I had a front row seat watching Bob Sheridan's hard work and perseverance grow SBLI into the national company it is today. His singular focus is admirable and the result is without peer," said Andrew Calamare, executive vice president of the Co-operative Central Bank and former president of the Life Insurance Association of Massachusetts.

"I think I'll miss the people the most," said Sheridan yesterday. "I won't miss the pressure and the stress. I can feel this weight being taken off my shoulders and it feels nice."

"We were grateful to formally thank Bob Sheridan by honoring him at this year's Community Leadership Awards Dinner. For years he has supported Franciscan Hospital for Children. In our opinion, he is leaving his career on a high note, as both a well respected businessman and philanthropist," said John Nash, president and CEO of Franciscan Hospital for Children.

As for his future plans, Sheridan will serve on the SBLI — and other boards — and said: "I look forward to learning to be a grandparent. My daughter is expecting our first grandchild on Nov. 29."

As for SBLI, Sheridan said it will be in good hands with new CEO Chris Pinkerton.

"I want to feel it was mission accomplished. I want to feel I made this company better than when I got here," Sheridan said. "SBLI was a backup plan. I wanted to be a safety in the NFL, but I couldn't run fast or jump. Then, I wanted to be a Supreme Court Justice, and that doesn't look so promising."


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Rooftop farm plants seeds in the Seaport

Written By Unknown on Senin, 19 November 2012 | 12.32

A Hub urban agriculture startup has landed a location for a rooftop farm in South Boston's Seaport District.

Higher Ground Farm has signed a lease to grow vegetables and fruits atop the eight-story Boston Design Center.

The 55,000-square-foot organic farm will be the second largest open-air commercial rooftop farm in the world and the first in Boston, according to John Stoddard, who co-founded Higher Ground Farm with Courtney Hennessey.

The partners are raising funds to start operations next spring, pending city approval and the weather.

"It's an awesome view," Stoddard said. "It's going to be a great place to work."

Plans call for an on-site farm stand and selling produce to restaurants and through community agriculture shares (CSAs). A partnership with an unnamed nonprofit also is in the works.

"What they do is subsidize CSAs so lower-income people can afford it, and farmers get the prices that they need," Stoddard said. "They also do distribution to corner stores. It's a nice way to reach people with our food that might not ordinarily be able to access it as easily."

Higher Ground Farm needs to raise $350,000 for Somerville's Recover Green Roofs to install a green roof system and other startup costs. It plans an online Kickstarter campaign and fund-raisers at Boston restaurants in addition to pursuing grants.

The Boston Design Center, which has showrooms catering to design professionals, sees the rooftop farm as another way to showcase original design concepts and promote sustainability, general manager Julie Rogowskis said.

"The BDC has ample roof space that we are eager to see go green," she said in a statement. "We are thrilled to be a part of this innovative plan, and we look forward to enjoying the fruits — and vegetables — of Boston's first rooftop farm."

The rooftop venture first requires a zoning variance, since the city is in the process of creating rooftop agriculture zoning guidelines, according to the Boston Redevelopment Authority.

"We see it playing a significant role in the future of urban agriculture in Boston," spokeswoman Melina Schuler said.


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Markets set sale for holidays

The markets are switching into full holiday mode with trading weeks interrupted by days off, hyped-up concern about retail sales and end-of-the-year sell offs.

But add heightened concern over conflict in the Middle East and uncertainty about the fiscal cliff and we may get to the New Year without a dull moment.

Look for more earnings reports this week, including Urban Outfitters today and Best Buy tomorrow, to shed some light on the retail climate.

For a wider economic picture, the Commerce Department releases housing starts for October and Eaton Vance Corp. and Hewlett-Packard Co. report quarterly earnings tomorrow.

On Wednesday, the Conference Board releases leading economic indicators for October.

U.S. financial markets are closed for Thanksgiving, but in many states Turkey Day is turning into Black Thursday with some major retailers opening just after dinnertime to get a jump on holiday sales.

In Massachusetts, where the Blue Laws and tradition still preserve some holiday sanity, the shopping madness begins at midnight.

Friday is all about doorbuster and shopping mall craziness.

Despite the looming fiscal cliff — tax increases and federal budget cuts set to kick in Jan. 1 if Congress and President Obama can't reach a deal — and the sputtering recovery, retailers are projecting an increase in holiday sales over last year.

Go ahead, shop till you drop, because the economy could sure use it.


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Spindle app spools out hype - and investors

Written By Unknown on Minggu, 18 November 2012 | 12.32

A new app developed by three former Microsoft workers helps people find the most interesting social media updates from businesses and organizations at any given time.

Spindle 1.1 — released on Thursday in Boston and San Francisco, with other major cities to come — mines Twitter and Facebook, using signals such as location and time of day to tell users what's happening near them, sorted by categories such as restaurants, shopping and nightlife.

"What differentiates us is timeliness and the fact that we're updating constantly, based on user feedback," said CEO Pat Kinsel, who founded Spindle with Alex Lambert and Simon Yun, all former engineers and managers from Microsoft's New England Research and Development (NERD) center in Cambridge. "There's nothing else out there like that."

Unlike apps that reshuffle a static list of businesses, Spindle evaluates in real time what each one is sharing to determine what's interesting and relevant now.

Users can filter the updates by categories such as restaurants to find what they're looking for without the extra "noise."

They can also use the map function to zoom in on a location and find out what's happening there, or search for a specific business or organization and add it to their favorites list for updates on only those places.

Users can tell friends where they're going, let them know when there's something happening in their current location or point people to something they've discovered via Facebook, Twitter, SMS or email.

The new app's release coincided with Spindle's announcement that it raised $2.3 million in total funding from Polaris Ventures, Greylock Partners, Lerer Ventures, SV Angel, Atlas Venture, Broad Beach Ventures, Project 11, Ray Ozzie and Raman Narayanan.

"They are super-smart guys with serious social search chops who've worked together before to solve hard problems," Dave Barrett, general partner at Polaris Ventures, said of Kinsel and his team. "Beyond the app itself, their big data back-end and their vision for it are incredibly compelling."


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Best defense: Made in USA

New Balance is on a mission to provide lightweight military sneakers made in the United States, and it wants the Defense Department to equip soldiers with them, company head Rob DeMartini told the Herald.

"For whatever reason, the sneaker is the only piece of equipment for a uniform that services don't require to be" made in the U.S., said DeMartini, New Balance's president and CEO.

The Berry Amendment, originally passed on the eve of World War II, requires the Department of Defense to procure clothing and other items made in the United States. The 950 is New Balance's first Berry-compliant sneaker, DeMartini said.

Suggesting why the Defense Department doesn't require U.S.-made sneakers, DeMartini said, "They would say one of the reasons is nobody made a Berry-compliant shoe, and so we have made one."

The sneaker is "fiber forward," meaning everything that goes into the shoe has U.S.-based content, "starting from literally the grass sheep eat," company spokeswoman Amy Dow added.

Last month, more than four dozen members of Congress appealed to the Defense Department to make training shoes Berry-compliant in a letter spearheaded by U.S. Rep. Duncan Hunter of California and U.S. Rep. Michael H. Michaud of Maine, where New Balance has three factories and close to 900 workers.

The politicians claimed the Defense Department circumvented the U.S. procurement policy by issuing cash allowances for soldiers to purchase their own training shoes, leading to servicemen and women relying more on foreign-made shoes than ones manufactured and available in the United States.

"We should not rely on other countries, particularly those who may have competing global interests, to supply our forces with basic items. This is especially true when there are millions of Americans looking for work," the letter said. "More importantly, our soldiers deserve to fight in uniforms, including footwear, that are made in the USA."

Hub-based, 107-year-old New Balance, which hopes to break ground on its new Brighton headquarters, hotel, office and athletic complex early next year, has made military apparel — including running shorts, protective fire-retardant underwear and overboots — for more than 25 years, DeMartini said.

"We do it for two reasons — one, we think it's right to serve in the military, but two, the technical demands that they have help us build a better brand," he said.

For the fourth year in a row, New Balance is the presenting sponsor of the Run-Walk to Home Base fundraiser. The 9K run or two-mile walk event supports the Red Sox [team stats] Foundation and Massachusetts General Hospital Home Base Program, which has raised $7.3 million to provide clinical care and support to Iraq and Afghanistan veterans and families affected by combat stress and traumatic brain injury.

The New Balance 950 shoe will be manufactured in Massachusetts and will sell under a contract price with military branches, DeMartini said, adding the new sneaker could create 250 jobs primarily in the company's manufacturing and manufacturing support sectors.

"It's basically ... completed and it's waiting to be called for," he said.


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