Facebook poised to roll out more privacy controls

SAN FRANCISCO — Facebook is trying to make its privacy controls easier to find and understand in an effort to turn the world's largest social network in to a more discreet place. The fine-tuning announced Wednesday will include several revisions that...

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Enterprise, Patriot Ledger publisher Rick Daniels stepping down

Rick Daniels, president of GateHouse Media New England and publisher of The Enterprise of Brockton and The Patriot Ledger, will step down from his post at the end of the year, according to news reports. Daniels plans to pursue investment and advisory...

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Pfizer to pay $55 million in drug misbranding case

WASHINGTON — The Justice Department says Pfizer Inc. will pay $55 million to resolve allegations that Wyeth LLC promoted the drug Protonix for uses that were not approved by the Food and Drug Administration. Pfizer acquired Wyeth in October 2009. ...

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Stocks edge higher as Fed ends two-day meeting

NEW YORK — Stocks edged higher, extending a winning streak, as investors awaited news on whether the Federal Reserve will announce more bond purchases to stimulate the U.S. economy. Wall Street also watched for developments from budget talks in Washington....

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Report: E-reader sales plunge as tablets take over

NEW YORK — Sales of dedicated e-reading devices like the black-and-white Kindles are in an "alarmingly precipitous decline" this year after five years of rapid growth, research firm IHS iSuppli says. Full-blown tablets with color screens are behind...

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Mass. ranks fifth for semiconductor industry jobs

When it comes to semiconductor industry jobs, Massachusetts ranks fifth in the nation, according to the Semiconductor Industry Association. California leads all states with 47,100 semiconductor jobs, followed by Texas with 28,800, Oregon with 23,400...

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State charges LPL Financial with limits, ethics violations

LPL Financial LLC of San Diego was charged today with failing to supervise agents who sold investments in non-traded real estate investment trusts in violation of both state limitations and the company's own rules, according to Secretary of the Commonwealth...

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Pfizer to pay $55M to settle Wyeth illegal Protonix marketing case

Pfizer Inc. will shell out $55 million plus interest to resolve allegations that Wyeth, a company acquired by the drug maker in 2009, illegally marketed a misbranded drug for off-label use, federal prosecutors in Boston said today. Wyeth manufactured...

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Harvard Bioscience shares rise 17 percent on IPO spinout

Shares of Harvard Bioscience Inc. spiked more than 17 percent today to a high of $4.46 in the wake of a subsidiary of the Holliston-based company filing plans to raise up to $20 million in an initial public offering of its stock. Harvard Bioscience...

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NJ girl to meet with Easy-Bake team at Hasbro

PROVIDENCE, R.I. — A New Jersey girl who started a campaign calling for an Easy-Bake Oven in gender-neutral colors is planning to meet with the people who design it. Toy maker Hasbro says it has invited 13-year-old McKenna Pope and her family to meet...

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Business - BostonHerald.com

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, 05 Dec 2012 12:28:16 -0500...

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Online event space locator expands to Boston

Eventup, an online resource that helps event planners and consumers find and book unique venues, said today it is launching its sixth location in Boston. Based in Santa Monica, Calif., the company has grown to include Los Angeles, New York, San Francisco,...

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Devens-based AMSC cuts quarter of work force

AMSC, an energy technology company based in Devens, said today it has slashed its work force by about 25 percent and is also consolidating office space to lower operating costs. The company, citing "challenging conditions" in the wind power market,...

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Siemens to spin off majority in Osram unit

BERLIN — Industrial conglomerate Siemens AG has announced plans to shed a majority stake in its Osram unit, which makes light bulbs, in a spinoff to shareholders. Siemens said today that its supervisory board will propose spinning off 80.5 percent...

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Nokia sues RIM for breach of contract

HELSINKI — Nokia Corp. is suing Research in Motion, the maker of the Blackberry, for breach of contract in Britain, the United States and Canada over cellular patents the two companies agreed on nine years ago. The struggling cellphone and RIM agreed...

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Costco plans special cash dividend of $7 per share

Costco plans special cash dividend of $7 per share The Associated Press Costco plans a special dividend of $7 per share next month in addition to the regular quarterly dividend the wholesale club operator pays shareholders. The Issaquah, Wash.,...

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Egypt stocks drops again after president's decree

CAIRO — Egypt's benchmark stock index has plunged again in the second major drop since Islamist president Mohammed Morsi issued decrees to assume far-ranging powers. Wednesday's drop of 4.6 percentage points was the latest sign of the impact of President...

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FDA to review Aveo kidney cancer drug

Aveo Oncology of Cambridge and its Japanese partner Astellas Pharma said today the U.S. Food and Drug Administration has agreed to review its drug candidate for treating patients with advanced renal cell carcinoma. The drug, called tivozanib, is an...

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Mass. ranks second in home price survey

Massachusetts is the nation's second most expensive state to buy a house in, according to a report released today by Coldwell Banker Real Estate. The average listing price for a four-bedroom, two-bathroom home in the Bay State is $489,063. The nation's...

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Milton hospital president to step down

Beth Israel Deaconess Hospital-Milton president Joseph Morrissey is stepping down, effective Dec. 31, the hospital's board of directors said today. Morrissey will be succeeded on an interim basis by Doris Sinkevich, who currently serves as the hospital's...

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Watertown biotech firm teams with Sanofi

Selecta Biosciences, a clinical-stage biopharmaceutical company based in Watertown, said today it has entered into a collaboration with Sanofi to develop three immunotherapy candidates for food allergies. Under terms of the agreement, Selecta is eligible...

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Toshiba shows four-legged robot for nuke disaster

YOKOHAMA, Japan — Toshiba Corp. unveiled a robot Wednesday that the company says can withstand high radiation and help in nuclear disasters. But it remains unclear what exactly the new machine will be capable of doing if and when it gets the go-ahead...

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Rock band AC/DC releases entire catalog on iTunes

NEW YORK — AC/DC is finally releasing its music digitally on iTunes. Columbia Records and Apple announced Monday that the classic rock band's music will be available at the iTunes Store worldwide. Sixteen studio albums will be released, including...

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San Diego media figure dies after car crash

SAN DIEGO -- David Copley, owner and publisher of The San Diego Union-Tribune until it was sold in 2009, died Tuesday after crashing his Aston Martin near his home in La Jolla. Copley, 60, was found slumped in the front seat of his car early in the...

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Walmart making wait worth it by guaranteeing sale items

Walmart is bracing for protests on Black Friday, but not from shoppers who will get an in-store guarantee on select items for the first time this year, an attempt by the retailer to ensure that long waits in line won't be in vain. The three items —...

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Closed Upper Crust pizza shops set for auction

Auction plans are in the works for Upper Crust's 10 company-owned restaurants. The trustee overseeing the Boston pizzeria chain's bankruptcy case has received inquiries from about 50 companies, both local and national, interested in buying all, some...

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Stocks near break-even on Wall Street

NEW YORK — Stocks hovered near break-even today on Wall Street ahead of the Thanksgiving holiday. The Standard & Poor's 500 index was down a fraction of a point at 1,387. Bank stocks and utilities fell the most, while industrial companies rose...

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CVS scraps plans for Nantucket

There once was a man from Nantucket, who opposed CVS so much it said ... forget it. Greg Hinson, a family doctor, photographer and 12-year island resident, started an online petition that prompted the pharmacy giant to scrap plans to replace a supermarket...

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Rate on US 30-year mortgage hits record 3.31 pct.

WASHINGTON — Average U.S. rates on fixed mortgages fell to fresh record lows this week, a trend that is boosting home sales and aiding the housing recovery. Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan dipped...

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Gambling company to let Mass. workers unionize

PALMER, Mass. — A gambling company vying to open a casino in western Massachusetts has reached a deal with a federation of about 50 labor unions to allow future employees to form a union and negotiate contracts. The Mohegan Tribal Gaming Authority...

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Gambling company would let Massachusetts workers unionize

PALMER -- A company hoping to open a casino in western Massachusetts has reached a deal with a federation of about 50 labor unions to allow future employees to form a union and negotiate contracts. The Mohegan Tribal Gaming Authority finalized the...

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Enchanted Village opens Saturday at Jordan's Furniture in Avon

The iconic animated Enchanted Village kicks off its 2012 season at Jordan's Furniture in Avon this Saturday and is free to the public. The old-fashioned, Victorian-era 8,000-square-foot display went from Jordan Marsh to its new home of Jordan's Furniture...

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Warren Buffett's firm will close suburban DC newspaper

OMAHA, Neb. — Warren Buffett's company is planning to close a small Virginia newspaper that it bought from Media General earlier this year. The 10,000-circulation Manassas (Va.) News & Messenger, which began publishing in 1869, has been struggling...

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Liberal group outlines substantial Medicare cuts

WASHINGTON — Trying to prevent a raid on health care programs in upcoming budget talks, a think tank close to the White House on Wednesday released a plan for significant savings, mostly from Medicare. Medicaid and the new health care law are largely...

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HBS survey shows concerns about U.S. competitiveness

A new Harvard Business School survey has revealed serious concern about America's competitiveness trajectory, yet shows wide agreement between liberals and conservatives on the policy imperatives that Congress and President Obama should advance following...

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In latest intrusion, Facebook creates relationship profile

The nicest thing you can do for your spouse or significant other right now is to dump them. On Facebook. The latest sputtering strategy from the post-IPO social network is to treat couples like people. Now not only do users have a profile page, so does...

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FDA chief seeks new powers to police pharmacies

WASHINGTON — The country's top medical regulator is preparing to tell Congress that new laws are needed to police large specialty pharmacies like the one at the center of a deadly meningitis outbreak. Testimony released ahead of the first congressional...

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Stocks slide after gloomy report on retail sales

NEW YORK — Stocks indexes are lower in light trading on Wall Street at midday. Strong earnings from Abercrombie & Fitch are being offset by a gloomy report on retail spending from the government. The Dow Jones industrial average was down 55 points...

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Facebook jumps on biggest lock-up expiration day

NEW YORK — Facebook's stock is up more than 7 percent despite expectations that it would fall because more than 850 million additional shares in the company are being freed up for sale. Shares of Facebook Inc. are up $1.48, or 7.5 percent, at $21.34....

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Questions about Elmo young fans won't be asking

NEW YORK — First, Big Bird became an unwitting player in a presidential debate that argued for clipping his wings. Then came word that the actor who plays Elmo would take a leave of absence amid an allegation that he had had a sexual relationship...

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Reynolds subsidiary funding cigarette recycling

RICHMOND, Va. — A subsidiary of the nation's second-largest cigarette maker Reynolds American Inc. is funding a national recycling program to reward do-gooders for cleaning up tobacco waste and turn cigarette butts into pellets used to make items such...

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