Senate bill targets large compounding pharmacies

WASHINGTON — Large specialty pharmacies like the one that triggered a deadly meningitis outbreak last year would be subject to federal safety inspections and manufacturing standards under a new Senate proposal introduced Friday. The draft bill is the...

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Downsized New York Times Co. sees spike in profit

The Boston Globe's daily print circulation dropped 10 percent in the first quarter of this year, while the Sunday newspaper suffered a 6 percent decline, executives at the New York Times reported yesterday during an earnings conference call. Times Chief...

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Biogen’s revenue, earnings soar

Shares of Biogen Idec rose more than 5 percent yesterday after the Weston-based biotechnology company said its first quarter revenue was $1.4 billion, a 10 percent increase compared to the same period last year. Biogen's revenue gains were led by the...

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TJX CEO Carol Meyrowitz gets the max

TJX Cos. CEO Carol Meyrowitz got a massive pay boost last year as her compensation nearly doubled to $21.7 million, according to documents the Framingham-based company filed with the Securities and Exchange Commission yesterday. A spokeswoman for the...

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Raytheon Co. earnings beat estimates

Waltham-based defense company Raytheon Co. beat Wall Street estimates this week with adjusted earnings per share 28 cents higher than expected, and net sales that topped expectations despite a year-over-year drop. The company reported adjusted earnings...

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Utility workers authorize strike against National Grid

Members of the Brotherhood of Utility Workers Union, comprised of six separate local unions in Massachusetts and Rhode Island, voted overwhelmingly today to authorize a strike against National Grid, citing concerns over the utility's low staffing levels,...

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Internet sales tax bill to hit roadblock in House

WASHINGTON — A bill to require Internet shoppers to pay sales taxes for online purchases may be cruising through the Senate but it will soon hit a roadblock in the House. "There's a lot of political difficulty getting through the fog of it looking like...

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New Corvette to start around $52,000, GM says

DETROIT — General Motors said Friday that a base model of the 2014 Corvette Stingray will start at just under $52,000. Considering everything that GM put into the newest Corvette, the $1,400 price increase over the current model seems pretty modest....

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Stocks mostly lower on tepid US economic growth

NEW YORK — The stock market sputtered Friday after the U.S. economy didn't grow as much as hoped. Neither did earnings from a handful of big companies like Amazon.com. The economy grew at an annual rate of 2.5 percent in the first three months of the...

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Two Boylston Street eateries reopening tomorrow

Two popular Boylston Street eateries — Abe & Louie's and the Atlantic Fish Co. — will reopen for business tomorrow at 5 p.m. after a 12-day closure following the Boston Marathon bombings. "We are looking forward to welcoming back our community,"...

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