U.S. adds jobs but labor market still struggles

The U.S. economy has been bolstered by the addition of 146,000 jobs last month yet a drop in the unemployment rate is "misleading" because it reflects more people leaving the work force, according to one expert. "For every job being created, about two...

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Demand, prices rise for Bay State homes

With only a month to go before the end of the year, housing trends for 2012 are taking shape. Demand for single-family homes and condominiums for the first 11 months of the year was up across all price points in Massachusetts, whereas in the same stretch...

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Sandy is thought to have slowed US hiring in Nov.

WASHINGTON — Superstorm Sandy is widely thought to have slowed U.S. job growth last month. The only question is how much — an answer that's expected to emerge Friday in the government's jobs report for November. Yet once the storm's impact is cleared...

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Yo-Yo Ma strikes right note

Cellist Yo-Yo Ma wowed students yesterday with a performance at Harvard's iLab and urged them to find new, collaborative ways of solving cultural problems. "Our hope is that we will be able to find amongst all of you new thinking, new discoveries,"...

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Investors bracing for fall

Companies have been awarding special dividends to beat an anticipated tax hike next year, but as uncertainty about the "fiscal cliff" continues, the path for the average investor is less clear. Some financial experts say it's time to sell stocks to...

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Dr. Timothy Johnson retires after 40 years at Ch. 5

Dr. Timothy Johnson is retiring from Channel 5 — where the nationally renowned TV doctor got his small screen start — after a 40-year run as the Boston station's award-winning medical editor that led to a slot on "Good Morning America." "It just seemed...

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US economy adds 146K jobs, rate falls to 7.7 pct.

WASHINGTON — The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures. The Labor Department's report...

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Stocks turn higher on jobs number, but fears loom

NEW YORK — The stock market turned higher this morning on news that the U.S. added more jobs in November. But underneath the headline numbers, the government's monthly employment report gave a mixed read on the economy. The Dow Jones industrial average...

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Watertown's Riverworks office complex adds 3 tenants

The recently renovated Riverworks complex in Watertown has signed three office leases, broker Jones Lang LaSalle announced. Mimecast North America, Fresh Tilled Soil and Kearsarge Energy signed long-term leases totaling nearly 50,000 square feet of...

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TV helicopter news coverage pioneer dies in California

CAMARILLO, Calif. — The Los Angeles television engineer who won Emmy Awards for creating helicopter news coverage in 1958 has died in Southern California at 92. The family of John D. Silva tells the Los Angeles Times that he died Nov. 27 of pneumonia...

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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. Fri, 30 Nov 2012 12:23:06 -0500...

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AG pushes energy reform at retail confab

State Attorney General Martha Coakley would like to see the state tackle energy in the same way it's approaching health care reform. Energy, like health care, is a major cost-driver for small businesses, Coakley said in a keynote address at the Retailers...

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Ikea regrets use of forced labor in East Germany

BERLIN — Swedish furniture giant Ikea expressed regret Friday that it benefited from the use of forced prison labor by some of its suppliers in communist East Germany more than two decades ago. The company released an independent report showing that...

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US industrial production drops 0.4 percent

WASHINGTON — Superstorm Sandy depressed U.S. industrial output in October, while production of machinery and equipment declined sharply, reflecting a more cautious outlook among businesses. The Federal Reserve says industrial output fell 0.4 percent...

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Foreign holdings of US debt hit $5.46 trillion

WASHINGTON — Foreign demand for U.S. Treasury securities rose to a record level in September for the ninth straight month. The increase suggests overseas investors are confident in U.S. debt despite a potential budget crisis. The Treasury Department...

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Hostess shutdown hits Mass. workers in stomach

Hostess Brands Inc., whose sweet treat roster includes Twinkies, Ding Dongs and Ho Ho's, filed a motion today in bankruptcy court seeking permission to shut down its business and sell its assets, including its iconic brands and facilities. The company,...

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Cruiseport Boston books record season

Cruiseport Boston finished the 2012 season with a record 380,054 cruise vacationers, a 23 percent spike over 2011, according to the Massachusetts Port Authority. Fueling the surge was Carnival Cruise Lines' "Carnival Glory," which began cruising from...

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Convention center seeking hotel developers

The Massachusetts Convention Center Authority said today it has issued a request-for-proposals seeking development teams for two privately financed mid-priced hotels, totaling between 400 and 500 rooms on nearly three of the 5.6 acres of land the organization...

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'The D.A. Show' overnight success on CBS Sports Radio mother ship

CBS Sports Radio said today Damon Amendolara will host the network's weekday overnight show, which will debut Wednesday, Jan. 2, 2013. "The D.A. Show" will be heard on select stations in 12 major U.S. cities from 2 a.m.-6 a.m. on air, streaming online...

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The Davis Cos. raises $414M for second investment fund

The Davis Companies said it has completed fund raising for its second discretionary commingled investment vehicle, Davis Investment Ventures Fund II, with nearly $414 million of total commitments from institutional and high net worth investors. The...

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Glaxo's Avandia settlement will mean $2.1M for Massachusetts

A nationwide $90 million settlement with drugmaker GlaxoSmithKline LLC will bring more than $2.1 million to the Commonwealth, according to state Attorney General Martha Coakley. Coakley's office has joined 37 other states in the settlement with GlaxoSmithKline,...

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Boston Scientific, among others, making moves

Major employers in MetroWest played another round of musical chairs yesterday as Boston Scientific made plans to move its headquarters to Marlboro and leave its Natick campus behind for software maker MathWorks. Starting next spring, the medical device...

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Massachusetts high-end housing market holds steady

The number of homes selling for $1 million and over in Massachusetts was 1,915 during the past year, almost unchanged from the 1,913 homes that sold for $1 million and over the year before. Here's a look at five properties that sold recently in the Bay...

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Students, mentors invest in StoxSmart

The Herald's StoxSmart program is back as a new class of budding student entrepreneurs learn the money management and financial skills necessary to tackle the unpredictable stock market. Suffolk Construction CEO John Fish returns for a second year,...

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US futures off before Obama addresses fiscal cliff

NEW YORK — U.S. stock futures fell sharply Friday in some of the heaviest trading this week before President Barack Obama speaks about avoiding the so-called fiscal cliff, an issue that has driven markets lower since his re-election three days ago....

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MoneyGram agrees to settle scam charges

DALLAS — MoneyGram said Friday that it has agreed to set up a $100 million compensation fund as part of a settlement of government allegations of fraud through money-transfer scams from 2003 to 2009. Under the terms of the deal with the U.S. Attorney's...

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Chrysler to recall 919,000 SUVs to fix air bags

DETROIT — Chrysler is recalling more than 919,000 older-model Jeep Grand Cherokee and Liberty SUVs worldwide because the air bags can inflate while people are driving them. The recall affects Grand Cherokees from the 2002 through 2004 model years...

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'NBA 2K13' tops video games titles in October

NEW YORK — U.S. retail sales of new video game hardware, software and accessories fell 25 percent in October, marking the 11th straight month of declining sales for physical game products, according to a report from NPD Group. Many gamers are waiting...

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Brandon Lloyd's leap

By now, word has gotten out about Brandon Lloyd's daring jump over a car that was traveling 35 miles per hour as part of a challenge by Mobile Technology's company MobiSquad. For those who were more than a little concerned the Patriots [team stats]...

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HapYak raises $850G in VC funding

HapYak.com, a Waltham-based social video commentary platform, said today it has secured $850,000 in seed funding to expand and build upon its platform. The funding round was led by Kepha Partners with participation and coordination from CommonAngels...

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Free Coffee Fridays return to Cumberland Farms

Cumberland Farms is looking to perk up customers with the return of Free Coffee Fridays. Starting today, the convenience and gasoline retailer is giving away cups of its Cumberland Farms Farmhouse Blend coffee — any way you like it, in any size — for...

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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. Fri, 02 Nov 2012 13:30:02 -0400...

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