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Boston Herald - Boston Herald

Written By Unknown on Senin, 23 September 2013 | 12.33

Boston Herald - Boston HeraldLong, strange trip ending for VW's hippie vanNew Surface expected from Microsoft at NYC event5S: game, but no game-changerColor us meh on 5COn the surface, Seaport boom makes parking more difficultGreece resumes talks with its creditorsComputer mishap delays space station supply shipPope offers hope to Sardinia's poor, unemployedTests: New iPhones less durable than iPhone 5AP: Records show Maine gov. tried to jam wind planCasinos tap intelligence network to beat cheatersVenezuela's president in China, signs agreementsCo. shows how garden growsHarvard launches a record $6.5B fundraising campaignHarvard launches $6.5 billion capital campaignWal-Mart driver honored for 4 million accident-free milesWest Hollywood institutes nation's first fur banChiquita seeks dismissal in Colombian caseRussia warns Ukraine against EU dealGunman's employer sought Navy consulting work

http://bostonherald.com/feed/4 en http://bostonherald.com/business/business_markets/2013/09/long_strange_trip_ending_for_vws_hippie_van 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.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. 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 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.The company has an announcement event scheduled in New York on Monday. 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 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. 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 IPhone 5C ($99 for 16GB, $199 for 32GB version, on contract):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.The Good: 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. 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 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.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. 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 ATHENS, Greece — Greece resumed talks with its creditors to review progress in stabilizing the indebted country's finances.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. 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 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.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. 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 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."Where there is no work, there is no dignity," he said.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. 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 NEW YORK — As Apple pitches its newest smartphones, users may find something lacking compared with last year's model: They could break more easily.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. 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 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. 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 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.Within hours, the bettor was arrested, accused of marking cards with invisible ink."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!'" 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 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.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. 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 Before this fall, Samantha Swanick had eaten vegetables many times, but the 8-year-old had never thought she would actually grow one."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." 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 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."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." 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 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.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.The campaign would target major renovations of the university's undergraduate housing and increase its study of new learning and teaching strategies. 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 LITTLE ROCK, Ark. — A long-distance truck driver for Wal-Mart has been recognized for traveling 4 million miles without an accident.Warren Greeno of Loveland, Colo., reached the milestone this year. Today, Wal-Mart executives in Arkansas presented him with a new rig painted red.The 59-year-old rolled up the mileage over 31 years and four months, an average of about 500 miles each working day.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. 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 WEST HOLLYWOOD, Calif. — West Hollywood is now the only city in America where it's a crime to sell fur apparel.The Los Angeles Times reports that after years of debate, the ban took effect Saturday.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.The Southern California city calls itself a cruelty-free zone for animals and is famous for animal-friendly laws. 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 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. 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 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. 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 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.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. Business & Markets Sat, 21 Sep 2013 11:03:33 -0400 Associated Press 1063305866

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Boston Herald - Boston Herald

Written By Unknown on Minggu, 22 September 2013 | 12.32

Boston Herald - Boston HeraldCo. shows how garden growsHarvard launches a record $6.5B fundraising campaignHarvard launches $6.5 billion capital campaignWal-Mart driver honored for 4 million accident-free milesWest Hollywood institutes nation's first fur banChiquita seeks dismissal in Colombian caseRussia warns Ukraine against EU dealGunman's employer sought Navy consulting workMicroloans surging in Silicon ValleyUK charges 4 in cyber theft from Barclays BankMagnificent Jag is a treat for allBay State defense firms get work despite cutsCambridge penthouse could be your castleMIT study: U.S. needs to step up manufacturingColonial Drug departs from Harvard SquarePipe had leak 1 year before Hawaii molasses spillScheme to snag iPhones leads to chaos in Calif.BlackBerry slashes jobs in face of $1B 2Q lossNavy suspends company implicated in schemeAllegiant delays, cancels flights to check MD-80s

http://bostonherald.com/feed/4%2039%2037%2038%2041%2036%2040 en http://bostonherald.com/business/business_markets/2013/09/co_shows_how_garden_grows Before this fall, Samantha Swanick had eaten vegetables many times, but the 8-year-old had never thought she would actually grow one."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." 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 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."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." 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 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.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.The campaign would target major renovations of the university's undergraduate housing and increase its study of new learning and teaching strategies. 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 LITTLE ROCK, Ark. — A long-distance truck driver for Wal-Mart has been recognized for traveling 4 million miles without an accident.Warren Greeno of Loveland, Colo., reached the milestone this year. Today, Wal-Mart executives in Arkansas presented him with a new rig painted red.The 59-year-old rolled up the mileage over 31 years and four months, an average of about 500 miles each working day.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. 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 WEST HOLLYWOOD, Calif. — West Hollywood is now the only city in America where it's a crime to sell fur apparel.The Los Angeles Times reports that after years of debate, the ban took effect Saturday.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.The Southern California city calls itself a cruelty-free zone for animals and is famous for animal-friendly laws. 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 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. 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 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. 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 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.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. 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 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.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.Microlending, a decades old form of financing for the world's poorest, is now booming in Silicon Valley. 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 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.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.Police said cash, jewels and thousands of credit cards were found in related searches of addresses in the greater London area. Business & Markets Sat, 21 Sep 2013 04:59:08 -0400 Associated Press 1063305441 http://bostonherald.com/business/automotive/2013/09/magnificent_jag_is_a_treat_for_all 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?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. 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 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.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. 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 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.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. 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 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. 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 Another vestige of the much lamented Harvard Square of old will close its doors today.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."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." 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 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.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. 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 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.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. 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 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.Then came the iPhone.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. 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 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.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. 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 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.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. Business & Markets Fri, 20 Sep 2013 19:51:00 -0400 Associated Press 1063302331

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Boston Herald - Boston Herald

Written By Unknown on Sabtu, 21 September 2013 | 12.32

Boston Herald - Boston HeraldCambridge penthouse could be your castleMIT study: U.S. needs to step up manufacturingColonial Drug departs from Harvard SquareMagnificent Jag is a treat for allBay State defense firms get work despite cutsPipe had leak 1 year before Hawaii molasses spillScheme to snag iPhones leads to chaos in Calif.BlackBerry slashes jobs in face of $1B 2Q lossNavy suspends company implicated in schemeAllegiant delays, cancels flights to check MD-80sGOP House: Keep government open, hit 'Obamacare'Stocks drop as investors fret over budget fightSenator concerned about Apple's fingerprint techOil falls as another US budget battle loomsMoody's: Established gambling markets falteringObama moves to limit power-plant carbon pollutionAG: Rides for dead people billed to Medicaid programEmployers cut jobs in 20 US states in August3 mayoral candidates who understand innovationMIT prez: Fed budget cuts killing growth

http://bostonherald.com/feed/4%2039%2037%2038%2041%2036%2040 en http://bostonherald.com/business/real_estate/2013/09/cambridge_penthouse_could_be_your_castle 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.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. 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 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. 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 Another vestige of the much lamented Harvard Square of old will close its doors today.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."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." 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 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?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. 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 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.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. Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063304391 http://bostonherald.com/business/business_markets/2013/09/pipe_had_leak_1_year_before_hawaii_molasses_spill 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.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. 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 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.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. 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 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.Then came the iPhone.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. 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 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.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. 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 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.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. 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 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. 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 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.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.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. 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 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.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. 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 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.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. 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 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.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.The recession crushed gambling revenues across the county, and casino towns have been slow to bounce back. 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 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. 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 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.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. 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 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.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."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." Business & Markets Fri, 20 Sep 2013 11:59:51 -0400 Associated Press 1063302231 http://bostonherald.com/business/technology/technology_news/2013/09/3_mayoral_candidates_who_understand_innovation In a race focused heavily on schools, jobs and crime, mayoral candidates John R. Connolly, John F. Barros and Michael P. Ross have emerged as the tech trio – the ones who understand the critical role that innovation could play in the next administration. Technology News Fri, 20 Sep 2013 00:00:00 -0400 Jessica Van Sack 1063300636 http://bostonherald.com/business/business_markets/2013/09/mit_prez_fed_budget_cuts_killing_growth Massive federal budget cuts are threatening Boston's innovation economy, and could significantly derail the industry's momentum years from now, education and business leaders say."It would be hard to overstate the negative impact on the people, the businesses and the future of Greater Boston and our nation," MIT President Rafael Reif yesterday told the Greater Boston Chamber of Commerce. Business & Markets Fri, 20 Sep 2013 00:00:00 -0400 Jordan Graham , Chris Cassidy 1063300641

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Boston Herald - Boston Herald

Written By Unknown on Jumat, 20 September 2013 | 12.32

Boston Herald - Boston Herald3 mayoral candidates who understand innovationMIT prez: Fed budget cuts killing growthThe TickerMuch-needed Hub condos on the wayPrice-y offices rise in SeaportCalifornia adopts ride-hailing service regulationsSenate passes bill to avert helium shortageJPMorgan admits fault, pays $920M in trading lossEx-Halliburton manager charged in Gulf spill probeMan accused in bogus phone bill scheme indictedAmericans increasingly hungry for hipster foodsT.J. Maxx lets customers shop onlinePostmaster says USPS may need emergency rate hikePandora boosts stock offering as shares hit highGoogle releases digital wallet app for iPhonesMass. unemployment rate flat despite 7,500 new jobs in AugustMass. computer contact had many problemsMass. adds jobs, but jobless rate remains steadyUS unemployment benefit applications rise to 309KMIT president: Sequester choking innovation economy

http://bostonherald.com/feed/4 en http://bostonherald.com/business/technology/technology_news/2013/09/3_mayoral_candidates_who_understand_innovation In a race focused heavily on schools, jobs and crime, mayoral candidates John R. Connolly, John F. Barros and Michael P. Ross have emerged as the tech trio – the ones who understand the critical role that innovation could play in the next administration. Technology News Fri, 20 Sep 2013 00:00:00 -0400 Jessica Van Sack 1063300636 http://bostonherald.com/business/business_markets/2013/09/mit_prez_fed_budget_cuts_killing_growth Massive federal budget cuts are threatening Boston's innovation economy, and could significantly derail the industry's momentum years from now, education and business leaders say."It would be hard to overstate the negative impact on the people, the businesses and the future of Greater Boston and our nation," MIT President Rafael Reif yesterday told the Greater Boston Chamber of Commerce. Business & Markets Fri, 20 Sep 2013 00:00:00 -0400 Jordan Graham , Chris Cassidy 1063300641 http://bostonherald.com/business/business_markets/2013/09/the_ticker_5 Logan to get Dubai flightsThe Massachusetts Port Authority yesterday announced that Emirates Airlines will begin daily nonstop flights from Dubai to Boston starting March 14.The Emirates service comes with a $1.5 million sweetener, a Massport incentive program that includes landing fee credits and joint advertising opportunities.The flights on Emirates follow announcements in the past 18 months of new international service between Logan and Tokyo, Panama City and Istanbul. Business & Markets Fri, 20 Sep 2013 00:00:00 -0400 herald.staff 1063300696 http://bostonherald.com/business/real_estate/2013/09/much_needed_hub_condos_on_the_way 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.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? 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 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. Real Estate Fri, 20 Sep 2013 00:00:00 -0400 Donna Goodison 1063300231 http://bostonherald.com/business/automotive/2013/09/california_adopts_ride_hailing_service_regulations SAN FRANCISCO — Web-based ride-hailing companies will have to make sure drivers undergo training and criminal background checks and have commercial liability insurance under rules approved Thursday by California regulators.The state Public Utilities Commission voted unanimously in favor of those rules and others for such companies as Lyft and Sidecar. Both companies rely on smartphone applications to connect riders and drivers who use their own vehicles.Commissioners said the rules were needed to ensure public safety. Automotive Thu, 19 Sep 2013 22:17:13 -0400 Associated Press 1063298791 http://bostonherald.com/business/business_markets/2013/09/senate_passes_bill_to_avert_helium_shortage WASHINGTON — Break out the balloons.Congress moved a step closer Thursday to averting an impending shutdown of the federal helium reserve, a key supplier of the lighter-than-air gas used in a products ranging from party balloons to MRI machines.The Federal Helium Program, which provides about 42 percent of the nation's helium from a storage site near Amarillo, Texas, is set to shut down Oct. 7 unless lawmakers intervene. The shutdown is a result of a 1996 law requiring the reserve to pay off a $1.3 billion debt by selling its helium. Business & Markets Thu, 19 Sep 2013 19:17:22 -0400 Associated Press 1063299126 http://bostonherald.com/business/business_markets/2013/09/jpmorgan_admits_fault_pays_920m_in_trading_loss WASHINGTON — The financial penalty is staggering. JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year.But the bigger price may be a few words rarely uttered in settlements with U.S. regulators: The nation's largest bank is also admitting wrongdoing.JPMorgan's acknowledged failure of oversight in the $6 billion trading loss is a first for a major company since the Securities and Exchange Commission reversed its longstanding practice of allowing firms to pay fines without accepting fault. Business & Markets Thu, 19 Sep 2013 18:27:41 -0400 Associated Press 1063297606 http://bostonherald.com/business/business_markets/2013/09/ex_halliburton_manager_charged_in_gulf_spill_probe NEW ORLEANS — A former Halliburton manager was charged Thursday with destroying evidence following BP's 2010 oil spill in the Gulf of Mexico, a case that coincides with a guilty plea to a related charge by the Houston-based oilfield services company.Anthony Badalamenti, who had been the cementing technology director for Halliburton Energy Services Inc., was charged in federal court with instructing two other employees to delete data during a post-spill review of the cement job on BP's blown-out well. Business & Markets Thu, 19 Sep 2013 17:12:15 -0400 Associated Press 1063297266 http://bostonherald.com/business/business_markets/2013/09/man_accused_in_bogus_phone_bill_scheme_indicted HELENA, Mont. — A Montana man being sued by the federal government over $70 million in charges to unsuspecting phone customers' bills nationwide is now facing criminal counts of wire fraud, conspiracy and money laundering.The 35-count indictment against Steve Sann was unsealed Wednesday during a settlement conference in a separate civil lawsuit filed by the Federal Trade Commission over the allegations. Business & Markets Thu, 19 Sep 2013 16:40:21 -0400 Associated Press 1063298406 http://bostonherald.com/business/business_markets/2013/09/americans_increasingly_hungry_for_hipster_foods So maybe the chance to taste the flaky spawn of a doughnut and croissant won't get you lining up at the crack of dawn. Maybe you're holding out for a burger nestled between fried ramen noodles. Or perhaps it's the elusive McRib that moves you.Whatever flies your foodie flag, it's hard to deny that Americans love feeling part of something deliciously exclusive, that they clamor to taste trendy, hard-to-get morsels. Business & Markets Thu, 19 Sep 2013 16:30:14 -0400 Associated Press 1063298871 http://bostonherald.com/business/technology/technology_news/2013/09/tj_maxx_lets_customers_shop_online NEW YORK — Deal hunters have a new online option: This week, off-price retailer T.J. Maxx has quietly begun letting its customers shop online.Off-price retailers like T.J. Maxx buy excess clothing and home goods from other merchants and sells them at about 20 percent to 60 percent off regular prices. Technology News Thu, 19 Sep 2013 15:59:17 -0400 Associated Press 1063298891 http://bostonherald.com/business/business_markets/2013/09/postmaster_says_usps_may_need_emergency_rate_hike WASHINGTON — Postmaster General Patrick Donahoe said Thursday his agency is in "the midst of a financial disaster" and may need an emergency increase in postage rates to keep operating."The Postal Service as it exists today is financially unsustainable," he told the Senate Homeland Security and Governmental Affairs Committee. It's a message that the postmaster general has been delivering to Congress with regularity over the past several months. Business & Markets Thu, 19 Sep 2013 15:18:47 -0400 Associated Press 1063297716 http://bostonherald.com/business/business_markets/2013/09/pandora_boosts_stock_offering_as_shares_hit_high LOS ANGELES — Pandora stock hit an all-time high Thursday in the wake of a court ruling that should help the Internet radio giant trim its songwriter royalty costs. Business & Markets Thu, 19 Sep 2013 13:54:35 -0400 Associated Press 1063298411 http://bostonherald.com/business/business_markets/2013/09/google_releases_digital_wallet_app_for_iphones SAN FRANCISCO — Google is bringing its digital wallet to the iPhone in its latest attempt to upstage Apple on its own popular device.Thursday's release of the Google Wallet app represents a challenge to the Passbook program that Apple has built into the iPhone's operating system.Both Google Wallet and Passbook allow iPhone users to store loyalty cards from some merchants and scan coupons offering discounts. Business & Markets Thu, 19 Sep 2013 13:43:30 -0400 Associated Press 1063298446 http://bostonherald.com/business/business_markets/2013/09/mass_unemployment_rate_flat_despite_7500_new_jobs_in_august Massachusetts added 7,500 jobs in August but the unemployment rate stayed flat at 7.2 percent, officials said today.The private sector added 6,700 jobs in August, as education and health services, leisure and hospitality, manufacturing, construction, information and financial activities all added to their ranks, the preliminary Bureau of Labor Statistics estimates show. Government added 800 jobs over the month and 1,600 over the year. Business & Markets Thu, 19 Sep 2013 12:00:00 -0400 Marie Szaniszlo 1063298086 http://bostonherald.com/business/technology/technology_news/2013/09/mass_computer_contact_had_many_problems BOSTON — A state contract for a computer system to process unemployment claims provided few protections for taxpayers and little oversight of consultants, resulting in a system that arrived years late, millions of dollars over budget, and riddled with problems, according to review of contract documents. Technology News Thu, 19 Sep 2013 11:02:04 -0400 Associated Press 1063297341 http://bostonherald.com/business/media_marketing/2013/09/mass_adds_jobs_but_jobless_rate_remains_steady BOSTON — The Massachusetts unemployment rate held steady at 7.2 percent last month even though the state added 7,500 jobs.The state Executive Office of Labor and Workforce Development announced Thursday that most of the job additions came in the private sector, with the education and health services sector leading the way with about 4,100 new jobs. Leisure and hospitality, manufacturing, and construction also gained jobs.The agency says the state has added more than 45,000 jobs in the past 12 months. Revised statistics show the state lost 300 jobs in July. Media & Marketing Thu, 19 Sep 2013 09:48:39 -0400 Associated Press 1063297696 http://bostonherald.com/business/business_markets/2013/09/us_unemployment_benefit_applications_rise_to_309k WASHINGTON — The number of people seeking U.S. unemployment benefits rose 15,000 last week to a seasonally adjusted 309,000. But the data was distorted for the second straight week by reporting delays.The Labor Department says the less volatile four-week average fell 7,000 to 314,750, the lowest in nearly six years.Applications plummeted two weeks ago when California and Nevada were unable to report all their data because of computer upgrades in both states. Business & Markets Thu, 19 Sep 2013 09:22:34 -0400 Associated Press 1063297546 http://bostonherald.com/business/business_markets/2013/09/mit_president_sequester_choking_innovation_economy "Drastic" federal budget cuts caused by sequestration threaten to derail major innovative breakthroughs — like an AIDS vaccine, 3D printing and digital learning — unless the Hub's business leaders lobby Congress for change, the president of MIT told the Greater Boston Chamber of Commerce this morning. Business & Markets Thu, 19 Sep 2013 09:00:00 -0400 Chris Cassidy 1063297631

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Slots license bid clouded by SEC suit

Written By Unknown on Kamis, 19 September 2013 | 12.33

The Gaming Commission yesterday grilled Penn National Gaming executives over what it called poor hiring decisions as it weighed the firm's suitability to apply for the sole slots parlor license.

Among the hires questioned was Daniel Mudd, the former CEO of Fannie Mae, who the Securities and Exchange Commission has accused of lying to Congress. Mudd was hired by Fortress Investment Group, a major investor in Penn National.

"That nobody had a concern about it is astonishing to me," commission chairman Stephen Crosby said.

"We dealt with the facts and circumstances expeditiously," said Wesley Edens, a Penn National board member, once they became aware of the SEC lawsuit.

Penn National has an agreement to buy the Plainridge Racecourse in Plainville for $42 million.

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