Sony tries to save face with 'Interview' flip-flop

ATLANTA — Sony's flip-flop on releasing "The Interview" shows the studio is working furiously to try to chart the right course through political and public-opinion minefields. Although analysts don't believe the decision will have any effect on Sony's...

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Record Dow, U.S. growth spurs biz, consumer hopes

Business is booming again, the economy is going "gangbusters" and there's no end in sight, as even recession-weary economists are taking heart from yesterday's record high Dow and a revised report showing the biggest quarterly growth in the U.S. in more...

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US economy accelerates and helps lift Dow to 18K

WASHINGTON — A surge in U.S. economic growth lifted stocks Tuesday to record highs and showed that the United States is putting distance between itself and struggling economies around the world. Fueled by hiring gains, cheaper gas and rising confidence,...

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Bitcoin now available at local stores

You can now pick up some bitcoin with that bottle of soda and bag of chips at the store down the street. LibertyX, a company that originally made and operated bitcoin vending kiosks, has expanded to let any store sell bitcoin for cash at the register,...

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Florida business helps artisans from India

BOCA RATON, Fla. — As a family, the Mehtas would often travel to India and bring back crafts from artisans. But enjoying the crafts, which are made with ancient techniques in danger of disappearing, was not enough. "I felt we should do something about...

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China cracks down on environmental crimes

BEIJING — China's environmental regulators nearly doubled the number of cases they referred to police involving suspected polluters over the first three-quarters of this year compared to all of last year, amid a larger push by the government to crack...

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Single-family home sales fall in Nov.

Single-family home sales fell last month while the median price rose, particularly in Greater Boston, driven by a continuing shortage of inventory, according to the Massachusetts Association of Realtors. Statewide, the number of closed sales dropped...

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The Ticker

Pier 4 owner cashes out Pier 4 master developer New England Development has cashed out of the 1-million-square-foot South Boston waterfront project, selling 130 and 140 Northern Ave. to the deeper-pocketed Tishman Speyer, the New York owner of properties...

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U.S. economy on a roll

The economy grew at a 5 percent annual rate between July and September, the fastest in 11 years. 2010 Q1: 1.7 Q2: 3.9 Q3: 2.7 Q:4 2.5 2011 Q1: –1.5 Q2: 2.9 Q3: 0.8 Q4: 4.6 2012 Q1: 2.3 Q2: 1.6 Q3: 2.5 Q4: 0.1 2013 Q1: 2.7 Q2:...

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Honda recalls 1,252 Crosstours over side air bags

NEW YORK — Honda is recalling 1,252 Crosstour vehicles due to a faulty side air bag made by troubled air bag supplier Takata. The Honda recall is for 2015 model year Crosstours. The National Highway Traffic Safety Administration says the side air bag...

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US current account deficit rises to $100.3 billion

WASHINGTON — The U.S. current account trade deficit widened slightly in the July-September quarter, largely due to foreign institutions paying less in fines and penalties to the U.S. government. The Commerce Department said Wednesday that the deficit...

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Alcohol calorie counts to be on menus by next year

WASHINGTON — Don't want to be confronted with the number of calories in that margarita or craft beer? Then avoid the menu and order at the bar. New menu labeling rules from the Food and Drug Administration will require chain restaurants with 20 or more...

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Napster co-founder to invest in allergy research

SAN FRANCISCO — Napster co-founder Sean Parker missed most of his final year in high school and has ended up in the emergency room countless of times because of his deadly allergy to nuts, shellfish and other foods. Now that the former Facebook president...

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Russians flock to stores to pre-empt price rises

MOSCOW — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days. As the government considered ways to ease...

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Pampered pets that don duds move to the mainstream

LOS ANGELES — These clothing designers have to think about pattern, fabric and fit — as well as where to put the poo bags. Creating on-trend outfits is a whole different animal for pet fashion designers, whose work is becoming mainstream as animal lovers...

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Fed pondering change in rate hike signals

WASHINGTON — The U.S. economy is finally doing better, and the Federal Reserve may be ready to acknowledge that fact. In a statement it will issue Wednesday after two days of discussion, the Fed may no longer say it plans to keep a key interest rate...

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UK proposes rules for embryos made from 3 people

LONDON — New rules proposed in Britain would make it the first country to allow embryos to be made from the DNA of three people in order to prevent mothers from passing on potentially fatal genetic diseases to their babies. In a statement issued on...

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BlackBerry launches Classic smartphone in last-ditch effort

NEW YORK — BlackBerry is returning to its roots with a new smartphone called the Classic, featuring a traditional keyboard at a time when rival Apple and Android phones — and most smartphone customers — have embraced touch screens. BlackBerry is courting...

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US stocks gain before Fed statement

NEW YORK — U.S. stocks rose Wednesday, breaking a string of declines, as investors waited for the latest statement from the Federal Reserve. Energy stocks led the gains as the price of oil recovered some of its recent losses. KEEPING SCORE: The Standard...

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FedEx misses Street 2Q forecasts, but profit jumps 23 pct

FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices. FedEx also said Wednesday that a jump in plane maintenance blunted...

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Ebola fighters named Time Person of the Year

NEW YORK — Doctors, nurses and others fighting Ebola have been named Time's 2014 Person of the Year, the magazine announced Wednesday. The runners-up included Ferguson, Missouri, protesters; Russian President Vladimir Putin; Kurdish Regional Government...

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FAA issues commercial drone permits to 4 companies

WASHINGTON — Under pressure from Congress to speed access to U.S. skies for commercial drones, the government granted four companies permission Wednesday to use drones for aerial surveillance, construction site monitoring and oil rig flare stack inspections....

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NY man fined for calling boss a foreign spy

ALBANY, N.Y. — An electrical engineer from upstate New York has been fined $5,000 and sentenced to 180 hours of community service for accusing his boss of spying for another country. Ryan Letcher, of Endicott, was convicted in August of making a false...

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Reception to GOP tax amnesty plan mixed

Taxpayer activists are divided about a corporate tax amnesty program House leaders and Gov.-elect Charlie Baker are considering to generate cash for state spending needs. House Minority Leader Brad Jones (R-North Reading) has filed legislation to create...

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Nearly two-thirds of pay-TV subs now also have Netflix: study

Are Netflix and other streaming-video services contributing to the demise of cable and satellite TV? Some consumers may be deserting TV for streaming services, but for most pay-TV customers, Netflix and its ilk continue to be complementary to traditional...

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Finance errors to cost Alibaba Pictures more than $47 million

Alibaba Pictures Group, the film making unit of China's e-commerce giant, will have to restate its net asset value and take losses of at least US$47 million (HK$364 million) after an assessment of the company's financial mismanagement. The company announced...

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Energy stocks sink again as price of crude falls

NEW YORK — U.S. stocks are opening modestly lower as indexes in Europe and China recover from a slump the previous day. Energy stocks declined the most early Wednesday as the price of crude oil dropped again. Chevron and Exxon Mobil fell the most of...

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US stocks move lower as crude oil renews its slide

NEW YORK — U.S. stocks moved lower Wednesday, led by declines in energy stocks as the price of oil resumed its slide. Investors are also speculating the Federal Reserve will soon signal that it intends to raise interest rates next year should the economy...

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Appeals court deals blow to US in insider cases

NEW YORK — A federal appeals court dealt a blow to the government's success in insider trading prosecutions Wednesday by reversing two convictions with a decision that also jeopardizes a third — and attempts to further define how far prosecutors can...

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Ted Kennedy Jr.’s former co. being probed by SEC

Ted Kennedy Jr. says his former company is cooperating fully in an SEC investigation into allegations of insider trading. The Marwood Group, a health care-focused consulting firm co-founded by Kennedy, received notice from the Securities and Exchange...

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Medical mistake numbers alarm experts

One of four Bay Staters say they or their loved ones have fallen victim to alarming medical mistakes like misdiagnoses and faulty treatments, according to a bombshell report that has local experts calling for more action to prevent such errors among...

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Honda to expand air bag recall nationwide

WASHINGTON — Under pressure from federal regulators, Honda is expanding a recall of driver's side air bags to all 50 states. The air bags, made by Japanese supplier Takata Corp., can explode with too much force, sending metal shrapnel into the passenger...

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Takata: Evidence doesn't support national recall

WASHINGTON — Takata Corp. defied a U.S. safety agency's demand for a nationwide recall of driver's side air bags, setting the stage for possible legal action by the government and leaving some drivers to wonder about the safety of their cars. In a Tuesday...

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Steve Grossman blasts $65G raise for state pension chief

The salary of the state pension fund's executive director could catapult past $500,000 after its board yesterday gave him a $65,000 raise, prompting a warning from outgoing board chairman Treasurer Steve Grossman about the pay hike's optics amid financial...

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The Ticker

Three cos. buy retail at hotel in Kenmore Sq. Three real estate investment firms have purchased the 37,000-square-foot retail portion of Hotel Commonwealth in Boston's Kenmore Square in a $38.5 million deal. Boston's UrbanMeritage and Novaya Real Estate...

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Reebok to outfit all UFC fighters

Reebok is expanding its fitness focus by stepping into the Octagon under a six-year deal as the new exclusive outfitter of the Ultimate Fighting Championship mixed martial arts organization. The Canton athletic brand also will be the official clothing...

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Somerville pols laud $1B for Green Line expansion fed

The economic future of Somerville and Medford is on a fast track after the Green Line extension passed one of the last key financing milestones for a plan that calls for adding six stops to the popular MBTA route. "The economic impact is unlimited for...

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Tinkerbell to shine in Walmart ads for NBC's 'Peter Pan'

Don't be surprised if elements of "Peter Pan" show up in the commercial breaks during NBC's live Thursday telecast of the famous 1904 play. Walmart, which ran ads during NBC's live broadcast of "The Sound of Music" last year that used songs from the...

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