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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