Ex-MIT professor agrees to plead guilty to fraud

BOSTON — A former Massachusetts Institute of Technology professor and his son who ran hedge funds have agreed to plead guilty to securities fraud charges that federal prosecutors say cost their investors $140 million. Federal prosecutors said Tuesday...

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Asia stocks drift as Iraq, Ukraine tensions simmer

MUMBAI, India — Asian stocks drifted on Wednesday as investors remained cautious amid uncertainty over potential conflict in Ukraine and Iraq plus new numbers showing a slowdown in Japan's economy. KEEPING SCORE: Japan's Nikkei 225 was up 0.2 percent...

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City eases zoning appeals for changes to small properties

Boston is trying to make it easier for small businesses and homeowners to make changes to their properties, the latest in what the city says is a series of improvements to the zoning process. A new Zoning Board of Appeals subcommittee will hear requests...

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Expert: Market Basket threat may be illegal

Market Basket issued letters to hundreds of protesting employees yesterday giving them until Friday to return to work or lose their jobs — a move that legally will be difficult to enforce, a labor expert told the Herald. "An employer in this situation...

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Entrepreneurship the answer for some with autism

NEW YORK — When Matt Cottle asked his boss to let him work in the supermarket's bakery, she told him he'd never do anything more than collect grocery carts. After six years of bagging groceries and pushing carts, Cottle wanted more. He had already learned...

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US retail sales flat in July

WASHINGTON — U.S. retail sales were essentially flat in July, providing evidence that consumers have yet to shed their doubts about the economy despite recent job gains. The Commerce Department said Wednesday that seasonally adjusted retail sales were...

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Macy's 2Q profit falls short; sales outlook cut

NEW YORK — Macy's Inc. on Wednesday reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year. But the department store chain cut its full-year outlook for a key sales measure, saying...

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Insurer WellPoint plans name change to Anthem

INDIANAPOLIS — WellPoint, one of the biggest players on the health care overhaul's new insurance exchanges, wants to switch its corporate name back to the Anthem brand its customers know by the end of this year. The nation's second-largest health insurer...

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US businesses boosted stockpiles 0.4 pct. in June

WASHINGTON — U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months. Business stockpiles increased 0.4 percent in June on a seasonally adjusted basis after...

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Amazon debuts mobile payment app and card reader

NEW YORK — Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through their smartphones...

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