The Ticker

Twitter up 4.8 percent in continuing surge Twitter stock jumped 4.8 percent yesterday to close at $73.31 a share on optimism by investors that the company has room to expand sales in advertising. The stock has surged 32 percent over the past five days,...

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Weekly US jobless claims drop 42K to 338K

WASHINGTON — The number of Americans applying for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November 2012. But economists say the figures from late November and December are warped by seasonal...

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McDonald's closes employee website amid criticism

McDonald's Corp. has shut down a website intended to provide employees with work and life guidance after it generated negative publicity for the fast-food company. The McResource program has been criticized for creating unrealistic budgets and offering...

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Online shopping grows, with some growing pains

Americans waited until the last minute to buy holiday gifts, but retailers weren't prepared for the spike. Heavy spending in the final days of the mostly lackluster season sent sales up 3.5 percent between Nov. 1 and Tuesday, according to MasterCard...

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Avoiding another delivery disaster

Online retailers should keep promises in check, and consumers should avoid last-minute Internet shopping to dodge another delivery debacle like the one this week that left many without their Christmas gifts, according to retail analysts. But neither...

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Bay State shoppers take Target to task

Three Bay Staters are among Target shoppers who have filed nearly two dozen class-action lawsuits against the discount chain for allegedly failing to safeguard their credit and debit card information regarding a 19-day data breach by hackers. Meghan...

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Boston seller’s market to continue — for a while

Residential real estate in Boston in 2013 saw a slew of projects under construction and proposed, but not enough condos for sale to satisfy demand, and a shortage of housing that's affordable to the middle class. It was a year for sellers rather than...

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Employment numbers spur Dow climb

The number of people applying for unemployment benefits last week dropped more than expected, another sign of continued growth in the economy that sent the Dow yesterday to a record high close. "The underlying trend suggests job destruction continues...

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T hopes companies will snap up station names

T riders could soon be getting off the train at Macy's — Downtown Crossing Station — or hopping on the Boloco — Blue Line. The MBTA issued a request for proposals yesterday, seeking companies interested in buying the naming rights to nine stations and...

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Stocks flat on Wall Street in quiet trading

NEW YORK — An early gain was mostly gone by midday on Wall Street Friday as the market flattened out after six days of gains. Trading was quiet with many investors out on vacation. Bond yields continued to rise. The yield on the 10-year Treasury note...

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Verizon to publish data on phone records requests

WASHINGTON — Verizon Communications Inc. says it will publish information on the number of requests for customer records it received from law enforcement agencies this year. The announcement Thursday from the country's largest cellphone carrier comes...

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Stocks pause on Wall Street a day after a surge

NEW YORK — U.S. stock indexes ended up pretty much where they started on Thursday, a day after a powerful surge. Stocks gained the most in more than two months Wednesday after the Federal Reserve said it would reduce its bond-buying program to $75 billion...

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Target security breach affects up to 40M cards

Target's data-security nightmare threatens to drive off holiday shoppers during the company's busiest time of year. The nation's second-largest discounter acknowledged Thursday that data connected to about 40 million credit and debit card accounts was...

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Anti-Koch activists post T bus-stop ads

Environmental activists are launching a new wave of protests against conservative billionaire and WGBH board bigwig David Koch, sponsoring ads at MBTA bus stops with his image and the station's logo calling for his ouster. "We've discovered that as...

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Lost piece of Chinatown to rise again

In the 1950s, Paul Lee's family was forced to leave a stretch of Hudson Street that was demolished to build the Southeast Expressway. Lee, now board chairman of the Asian Community Development Corp., recalled that the block "was full of Chinese families...

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AG targets chain after data breach

Hackers targeting Target Corp. hit the bull's eye, but the nation's second largest discounter said it has resolved a security breach that gave cyber-criminals access to the credit and debit card information of some 40 million customers during the busiest...

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Robert DeLeo: We’re not changing Mass. gaming law for Wynn

House Speaker Robert DeLeo yesterday said he doesn't think Massachusetts' gaming law should be modified to suit casino operators, as Las Vegas billionaire Steve Wynn suggested this week. "When we had written the casino law ... we wanted to make sure...

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Bay State’s jobless rate now higher than U.S.

The gap between state and national unemployment rates, once just under 2 percent, has been erased after the Bay State posted higher jobless numbers than the nation yesterday for the first time in six years. The state unemployment rate for November dipped...

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Unemployment rates fall in nearly all US states

WASHINGTON — Unemployment rates fell or were unchanged in all 50 U.S. states in November, evidence that hiring is improving across the country. The Labor Department said Friday that employers added jobs in 43 states and cut jobs in just seven. California,...

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Drugstore chain Walgreen's 1Q profit jumps 68 pct

Walgreen's fiscal first-quarter earnings soared 68 percent as investments in other companies paid off for the nation's largest drugstore chain, but a slowdown in generic drug introductions helped squeeze profitability. The Deerfield Ill., company said...

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Holiday shopping spree not for everyone

NEW YORK — Many Americans are watching the annual holiday spending ritual from the sidelines this year. Money is still tight for some. Others are fed up with commercialism of the holidays. Still others are waiting for bigger bargains. And people like...

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US stocks fall for a third straight day

The stock market fell to its lowest level in a month Thursday as investors worried that the end may be nearing for the Federal Reserve's support for the economy. The Fed's stimulus efforts have been a key factor in the bull market that has pushed the...

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Asian stocks tentative amid Fed stimulus cut fears

BEIJING — Asian stock markets mostly posted tentative gains Friday as investors prepared for the U.S. Federal Reserve's decision next week on whether to reduce its monetary stimulus. Oil prices edged up, staying above $97 per barrel. Asia's heavyweight...

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Retail sales ring up hikes

Retail sales nationally rose each of the past two months, according to figures released yesterday, but a snowstorm forecast for this weekend has Massachusetts retailers worried they could lose critical holiday sales. The Commerce Department said November...

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Southie hall hotels under way

The Massachusetts Convention Center Authority yesterday heralded a groundbreaking for two "mid-priced" hotels on D Street as the kickoff to its proposed $1 billion expansion of the Boston Convention & Exhibition Center. CV Properties and Starwood...

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Boutique buildings fill Boston niche 
with distinction

While a lot of attention has been given to the larger residential projects in the Hub, there are a number of new, smaller boutique buildings that promise buyers and tenants something more distinctive. "In a smaller-scale building you can pay much more...

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Hospitals get $25M NIH grant

The National Institutes of Health has awarded a group of researchers from Massachusetts General Hospital, Boston Medical Center and Brigham and Women's Hospital a $25 million grant to determine the most effective treatment for the most severe form of...

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B.R.A. to give ‘blighted’ tax break to Garden complex

The Boston Redevelopment Authority is set to approve a $950 million redevelopment of the former Boston Garden site next week — including $7.8 million in tax breaks for the city-designated "blighted" area — despite neighborhood objections to a 600-foot...

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The Ticker

Profit-taking trips up stocks but not Facebook U.S. stocks fell yesterday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus. Profit-taking...

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Orange County Register owner plans daily LA paper

LOS ANGELES — The parent company of the Orange County Register plans to expand with a daily paper in Los Angeles, looking to further stretch its regional reach to nearly all of Southern California. The new, seven-days-a-week paper will be known as the...

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How sellers, buyers can close deals faster

Real estate agents see it all — from unmade beds to overstuffed garages to the "What were they thinking?" decor. Over the years, they learn why some houses sell while others linger on the market, and why some promising buyers never make it to the closing...

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The Ticker

Fast-food workers stage U.S. protests Fast-food workers in hundreds of cities staged a day of rallies yesterday to demand higher wages, saying their pay was too low to feed a family and forced most to accept public assistance. The protests escalated...

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A Whirl-Wynn of Hub meetings

Vegas casino magnate Steve Wynn made a low-key visit to the Hub Monday, taking meetings with legislators, including the rep who authored the state's gaming legislation, and state Gaming Commission investigators, whose probes led him to decry Bay State...

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Milk prices could rise if farm bill looms

WASHINGTON — A New Year's deadline that could send the price of milk skyward looms over congressional negotiators as they try to reach agreement on a five-year farm bill. They've been tripped up by differences over the nation's food stamp program and...

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Tech Tips: Are the new AT&T plans better for you?

NEW YORK — AT&T is joining T-Mobile in reducing monthly fees for people who pay for their own devices. It's the latest break from a longstanding practice of offering subsidies on devices to lock customers into two-year service agreements. Many customers...

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