Smokestack settlement
Ohio-based American Electric Power agreed to significantly reduce air pollution from its coal-fired power plants and pay $1 million in mitigation to Massachusetts as part of a settlement, Attorney General Martha Coakley said.
Under a proposed $8.5 million agreement with eight East Coast states, the federal government and citizens groups from Indiana, the company agreed to retire or switch to natural gas two coal-burning units at power plants in Ohio and Indiana by the end of 2015.
Stop & Shop, union still talking
Supermarket chain Stop & Shop and the union for 40,000 of its workers are continuing negotiations this week after agreeing to a contract extension through midnight Sunday.
The United Food and Commercial Workers said the two sides are focused on getting past "legal hurdles" created by the Obamacare law.
Fung Wah buses taken off road
State regulators ordered the Fung Wah bus company to take 21 of its 28 buses out of service, citing "structural issues" found during inspections. The buses, which shuttle passengers between Boston and New York City, were all models made before 2005.
Stocks drop on Italian elections
Stocks suffered their biggest drop since November after a strong showing in Italian elections by groups opposed to the country's economic reforms triggered worry that Europe's debt problems could once again destabilize the global economy.
Barnes & Noble founder makes offer
Barnes & Noble founder and Chairman Leonard Riggio disclosed in a regulatory filing that he wants to buy the book seller's stores and website, but not the business that makes the Nook e-reader or the company's college bookstores. No price was disclosed.
TODAY
- The S&P/Case-Shiller home price index for December and fourth quarter is released.
- The Consumer Confidence Index for February is released.
- TOMORROW
- State Treasurer Steven Grossman speaks at a Greater Boston Chamber of Commerce forum at the Boston Harbor Hotel.
- Skanska USA, a design and construction management firm, promoted , lNorm O'Brien to vice president of environment, health and safety for the Northeast region. O'Brien, who will be based in Skanska's Boston office, previously operated as EHS director for the New England region for the past five years.
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