S&P 500 reaches all-time high after US debt deal

NEW YORK — The stock market hit an all-time high Thursday as investors put the government shutdown and debt ceiling crisis behind them and focused on corporate earnings. The Standard & Poor's 500 index rose 11.61 points, or 0.7 percent, to close...

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Google's 3Q earnings rise 36 percent, stock surges

SAN FRANCISCO — Google's third-quarter results may have proven that a deepening decline in the Internet search leader's average ad prices matters less than how frequently people are clicking on the commercial pitches. The numbers released Thursday impressed...

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Boston hospitals get $12M NIH grant

Two local hospitals are using a federal grant to form the Boston Biomedical Innovation Center, the latest effort by nonprofit hospitals to play a role in transforming medical research into commercially viable products. The seven-year, $12 million grant...

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The Ticker

Boston Scientific to pay $30M to feds The Justice Department said Boston Scientific Corp. and its Guidant subsidiaries will pay $30 million to settle allegations that Guidant knowingly sold defective heart devices that health care facilities implanted...

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Facebook to profit, but teens pay cost

Facebook has just made it a bit easier for members of Generation TMI to mess up their lives. Mark Zuckerberg & Co. 
announced Tuesday that teens are now allowed to post public updates and photos to their Facebook profiles. This is due to two undeniable...

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City floats contracts for new ferry service

Contracts are expected by year's end for two new ferries slated to start running next year between South Boston, East Boston and Charlestown. The city is pursuing the service as an alternate commuter route from Eastie and points north to South Boston's...

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Federal workers return, but 16-day furlough leaves scars

About 15,000 federal workers in Massachusetts were back on the job yesterday and the state's national parks reopened after the 16-day partial government shutdown came to an end — at least for now. "Hopefully, we won't be doing this again in January,"...

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Shutdown fix makes companies defensive

The short-term fix that ended the government shutdown will have significant effects on the state and national economy as companies may put off hiring and spending for new projects while uncertainty over a permanent budget solution lingers, experts said....

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Downtown evolves as a neighborhood

No longer do the sidewalks roll up after 6 p.m. in the Financial District. The Hub will see twice the number of new housing units during this cycle than it did last cycle. And it is well-positioned to absorb the housing spurt, as there is a shift toward...

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HSBC unit ordered to pay $2.46B, plans to appeal

NEW YORK — A division of Europe's HSBC bank has been ordered to pay about $2.46 billion in a class action lawsuit claiming that it violated federal securities laws. The lawsuit named consumer mortgage lender Household International Inc., which is now...

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