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Harvard prof: Boston.com dis driven by cash-making clicks

Written By Unknown on Sabtu, 20 Desember 2014 | 00.32

The Harvard professor at the center of a $4 Chinese food bill dispute reported in a series of stories posted by the Boston Globe's 
Boston.com said yesterday he believes the extensive coverage was driven by a desire for cash-producing clicks, not balance.

"I recognize that the news business is tough. 
Boston.com's approach to the story gave them a much bigger story, more page views, more ad revenue. I want to see journalists and journalism thrive. But at what cost?" Ben Edelman, an associate professor at Harvard Business School, told the Herald in an email.

Edelman faced a torrent of stinging criticism on the Internet and social media after Boston.com revealed his emails demanding a refund from Sichuan Garden in Brookline over a $4 difference between his food bill and the restaurant's prices as advertised online.

During the reporting, Boston.com staffers noted on Twitter that they had ordered takeout from the restaurant and deputy editor Hilary Sargent, who wrote the stories, designed a T-shirt mocking Edelman and put it up for sale online.

A story by Sargent alleging the professor had sent a racist email to the owner of the restaurant was pulled shortly after it was posted and replaced by an editor's note saying that 
Boston.com could not verify Edelman had sent it. The professor denies writing or sending the email containing a racial slur, which was sent through an online form on the restaurant's website.

Sargent was suspended for five days as a result of the T-shirt incident and the website BostInno reported that she has been demoted from deputy editor to senior writer. Neither she nor Boston.com would comment yesterday.

But Edelman said, "Boston.com wanted to paint me as a bad guy, and in general it's their right to tell the story as they see fit. But my emails, right there for all to see, specifically indicated that I wanted the restaurant to refund all customers who had been overcharged. Somehow that key fact ended up totally missing from almost all the media coverage."

The professor said Boston.com was out to push an " 'Edelman is a jerk' narrative," that ignored previous efforts he had made in the areas of consumer protection and privacy. He added: "From my perspective, the most distressing aspect of the media coverage was how little attention the articles paid to my true motivations."

His track record of advocating for consumer causes, he said, shows he is "a reasonably nice guy, trying to make the world a better place in my own small way."


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Herald lights cigar over Page One pick

The Herald's Page One coverage of President Obama's easing of relations with Cuba was recognized as a Top 10 front page among hundreds reviewed by the Newseum yesterday.

The page, designed by Page One Editor Paul Keaney, featured a photo of buildings in Cuba's capital city under the headline, "Welcome to Havana."

Coverage inside included Republican outrage over the move, a look at travel to the island nation, and how the new policy will affect cigar aficionados.

Other newspapers in the Top 10 list included the Miami Herald, the Virginian-Pilot and the New York Daily News.

The Newseum is a Washington, D.C.-based journalism museum and think tank.


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Weak coffee sales hurt Dunkin’ Donuts earnings

Dunkin' Brands announced weaker-than-expected fourth-quarter sales and lowered its 2015 outlook yesterday, blaming declining sales of Dunkin' Donuts' packaged coffee and continued pressure on consumers.

Shares fell as much as 9.45 percent yesterday to $41.85 — the most since Dunkin' Brands' 2011 initial public offering — before closing at $43.05, down 6.86 percent.

"This has been a challenging year for our businesses," CEO Nigel Travis said in a statement. "While our earnings growth expectations for 2015 are below our longer-term targets, we are committed to returning to double-digit growth in the subsequent years."

Struggling joint-venture Dunkin' restaurants in Korea and Baskin-Robbins in Japan also remain under pressure and are forecast to negatively impact 2015 results, according to Travis.

"We are disappointed by the ongoing softness in Dunkin' U.S. (comparable-store sales), which was attributed to a tough environment — presumably being caused by heightened competition — and decelerating sales of packaged coffee — probably weakness in K-cups," Baird Equity Research analyst David Tarantino said in a research note yesterday.


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The Ticker

Dow soars 421 points

The Dow Jones industrial average had its biggest surge in three years yesterday, soaring 421 points in its second straight triple-digit gain after the Federal Reserve's reassurance that it was in no hurry to raise interest rates.

Bullish earnings from technology giant Oracle also drove the rally.

Fed chair Janet Yellen said Wednesday that she foresaw no rate hike in the first quarter of 2015.

The Dow Jones industrial average gained 421.28 points, or 2.4 percent, to 17,778.15. The Standard & Poor's 500 index rose 48.34 points, or 2.4 percent, to 2,061.23. The Nasdaq Composite gained 104.08 points, or 2.2 percent, to 4,748.40.

Woman sues over elevator fall at Fenway

A 22-year-old woman who fell two stories down an elevator shaft at Fenway Park and was seriously injured is suing the owner of the Boston Red Sox and an elevator company.

Elisabeth Scotland of Brigantine, N.J., sued Wednesday in Suffolk Superior Court against Fenway Sports Group and Otis Elevator Co. of Farmington, Conn. The suit seeks an unspecified amount in damages.

The suit says Scotland fell when a closed elevator door opened when she brushed up against it, and she suffered a traumatic brain injury, spinal injuries, facial fractures and dental damage.

A Red Sox spokesman declined to comment on the accident, but said all Fenway Park elevators are safe and the team wishes Scotland well.

Whidden Hospital workers ratify pact

Union health care workers at Whidden Memorial Hospital in Everett announced yesterday they ratified a new contract agreement with Cambridge Health Alliance that grants them raises and a minimum start rate of $15 an hour, effective July 1, according to 1199SEIU United Healthcare Workers East.

The agreement covers more than 230 caregivers at the hospital, the union said.

Emerson announces dorm starts

Emerson College has announced plans to begin construction of two student housing projects that will increase its Boston undergraduate housing capacity by more than 33 percent.

In April, Emerson College will begin construction at 1–3 Boylston Place on an 18-story, 380-bed student housing project. The college also plans to renovate its largest student residence hall, known as the Little Building, located at 80 Boylston St., adding 290 new student beds to the 750 beds currently in the building.

  • Newburyport's Muzzy Lane Software, a developer of game-based educational software, announced that Conall Ryan, left, has joined the company as president and chief executive officer. Ryan previously served as executive vice president of Houghton Mifflin Co., where he guided the development of the first Curious George digital titles.

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Hot Property: Think inside the Box in Chelsea’s Flats at 22

The Flats at 22 in Chelsea's new Box District neighborhood is now leasing — and providing some relief from Boston's high apartment prices.

This is developer Mitchell Properties and builder Traggorth Cos.' third apartment project in the area of former box and bedding factories that has been reborn into a neighborhood of market-rate and affordable apartments and condos as well as a new park along Gerrish Avenue. The Box District won the 2014 Urban Land Institute's Jack Kemp affordable and workforce housing award.

The Flats at 22, with 50-units of mixed-income new construction apartments, is renting market-rate units for as little as $1,425 for studios, which includes a garage parking space and building amenities such as a rooftop fitness center, roof deck lounge, a community room with a full kitchen and projection TV, and an outdoor patio with barbecue grills.

One-bedrooms in the pet-friendly complex start at $1,625 per month and two-bedrooms at $1,900.

The Flats at 22 has 29 market-rate units, of which 20 percent have been leased ahead of a Jan. 15 opening. It's offering one month free rent for 12-to-18-month leases.

"We are renting to a lot of young professionals who have looked for apartments in Boston and balked at the prices," said Tanya Hahnel, Traggorth's project manager for Flats at 22. "You get much more for your money over here along with the amenities and free garage parking."

For example, model Unit 111, a 659-square-foot one- bedroom, has hardwood floors throughout and a recessed-lit kitchen with 18 tall cabinets, bi-level gray granite counters with a breakfast bar, stainless-steel Whirlpool appliances and an open living/dining area with floor-to-ceiling windows and a private back entrance. There are stylish barnboard-style doors, a walk-in closet in the bedroom and a large tiled bathroom. The rent is $1,695 a month, which also includes an in-unit washer and dryer, a tankless water heater and USB outlets for phone charging.

Model Unit 115, with similar finishes and two carpeted bedrooms, two full bathrooms and a private rear entrance, is going for $2,100 a month.

The 46 units at the adjacent The Flats at 44 opened in March, and the 41 market-rate units leased quickly.

"People looking for afford­ability and nice, modern apartments have been finding us," said Margaret Farrell, regional manager of HallKeen Management, which manages the 150 ­total units in Mitchell's three buildings, including the brick-and-beam Atlas Lofts, carved out of a former bedding factory in 2010.

The rehabbed Box District is only a block from City Hall just north of Bellingham Square. A new Silver Line Box District stop connecting to South Station is under construction behind the Flats at 22 and will open in 2016.

"Getting the Silver Line will be a huge boost for Chelsea," said HallKeen marketing manager Courtney Mathiowitz. "And this neighborhood is a national model on how to do mixed-income housing in an urban neighborhood."

Hahnel said that the mostly young professionals renting in Mitchell's Box District properties like the fact that it's a diverse neighborhood with lots of children.

"It's not a sterile place," she said. "It's active and full of life."


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Boston’s Revere Hotel gets a new owner

Boston's trendy Revere Hotel has a new owner, a little more than 2 1⁄2 years after it debuted following a $29 million transformation of an undistinguished Radisson Hotel into the luxury boutique property.

Bethesda, Md.-based Pebblebrook Hotel Trust, owner of Boston's W Hotel, has bought the 356-room hotel, a lucrative 826-space attached parking garage and a vacant adjacent Stuart Street property for $260.4 million from New York's Northwood Investors.

The parking garage makes it difficult to decipher the strength of Pebblebrook's purchase on a per-room basis, the typical metric for hotel purchases, according to Matthew Arrant, executive vice president of Pinnacle Advisory Group, a Boston hospitality consulting firm.

"The parking garage is a really big component of the revenue stream," he said. "But (the total purchase price) is a testament to the strength of the Boston market right now and how far the market has come since Northwood bought (the hotel)."

Northwood acquired the hotel for $143.5 million in 2010.

It's a strong time for hotel sellers, with additional value gained because of the strength of the market overall, said Andrea Foster, vice president and New England practice leader of PKF Consulting USA.

"It's also a good time for buyers," she said. "With the future forecast for occupancy and rate projections, there's still upside for buyers in the next couple of years."


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Innovation expansion urged: Four areas envisioned as new Boston ‘districts’

A task force appointed in September by Mayor Martin J. Walsh is eyeing four neighborhoods as potential innovation hubs, Boston's economic development czar said yesterday.

Although its final recommendations are not due until Jan. 30, the four areas most discussed by the Neighborhood Innovation District Committee are East Boston, the Bowdoin-Geneva and Fields Corner sections of Dorchester, and Dudley Square in Roxbury to Uphams Corner in Dorchester, said John Barros, who co-chairs the committee.

"Mayor Walsh sees an opportunity to bring the innovation economy into Boston's neighborhoods," said Melina Schuler, a spokeswoman for the mayor. "The recommendations being made by the Neighborhood Innovation District Committee are first steps in establishing how communities can participate and benefit from this new type of entrepreneurship and job creation."

While government can be the catalyst for that, the private sector "can make it real and sustainable," as has been the case with MassChallenge, said Scott Bailey, senior director of partnerships for the Boston-based startup accelerator and competition.

"The real challenge in any of these neighborhoods is how do you keep them included in what's going on in other places," Bailey said. "It's not about building a cluster and leaving it off on its own."

Charles Teague, CEO of Lose It!, a startup that makes software to help people lose weight, said when his company was looking for a location, it chose Boston's Innovation District because it was more affordable than Cambridge's Kendall Square and had a vibrant community of tech companies working on some of the same problems. He worries that sense of community could be "fragmented" if the city creates other innovation districts.

But Tim Rowe, founder and CEO of the Cambridge Innovation Center, said: "Innovation-driven prosperity can't remain the province of just a few neighborhoods. If Boston wasn't pursuing this, we'd be asking it to."


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Chrysler to recall about 288K Ram pickup trucks

DETROIT — Chrysler is recalling about 288,000 older Ram pickup trucks in North America and elsewhere because the rear axle can seize or the drive shaft can fall off.

The recall covers Ram 1500 pickups from the 2005 model year.

Chrysler says in documents posted Friday by U.S. safety regulators that the rear-axle pinion nut can come loose. That can cause problems that make the trucks spin out of control.

The recall comes after an investigation by the National Highway Traffic Safety Administration that began in June.

The agency found 15 complaints, including seven drivers who reported that the wheels locked at speeds over 50 miles per hour. Chrysler says there have been three crashes and one injury due to the problem.

The recall includes nearly 257,000 trucks in the U.S., another 22,000 in Canada, 8,800 in Mexico and 400 outside North America.

The affected trucks were made from Jan. 28, 2004 to Aug. 3, 2005, according to the documents.

In one complaint to NHTSA in February 2013, a pickup driver wrote that he was on an interstate highway when the drive shaft disconnected and the truck began to spin.

"It was five seconds of terror that I thought would surely end in disaster," the driver wrote. When the truck stopped it was blocking an entrance ramp, and the driver had to drag it to the shoulder in speeding traffic, the complaint said. Drivers who file complaints are not identified in NHTSA's database.

Dealers will install a fix at no cost to owners. The recall will begin in February. Customers can call Chrysler at (800) 853-1403 with questions.


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Unemployment rates fell in 41 US states last month

WASHINGTON — Unemployment rates fell in 41 U.S. states in November and were unchanged in six more, reflecting healthy job gains across the country.

The Labor Department said Friday that unemployment rates rose in only three states: Connecticut, Louisiana, and Washington state.

Solid economic growth since the spring has encouraged more employers to step up hiring. The U.S. has added nearly 2.7 million jobs this year, the most since 1999. That has lowered unemployment rates in most of the country.

Nationwide, the unemployment rate was 5.8 percent in November, down from 7 percent a year ago. Employers added 321,000 jobs last month, the most in three years.

North Dakota's 2.7 percent unemployment rate was lowest in the nation, while Mississippi's 7.3 percent rate was the highest.

Thirty-seven states reported higher job totals, while 12 lost jobs. Idaho's payrolls were unchanged.

The biggest job gains occurred in California, which added 90,100 jobs in November, followed by Florida, which gained 41,900. Texas added the third-most jobs, with 34,800.

California posted a large increase in a category that includes retail and shipping jobs, likely reflecting some hiring for the holiday shopping season. It also saw big gains in hotels and restaurants and professional and business services, which includes higher-paying jobs such as accountants and architects.

The largest job losses were in West Virginia, which had 5,200 fewer jobs than the previous month. It was followed by Mississippi, which had 4,500 fewer, and Kansas, with 4,100 fewer.

West Virginia lost jobs in construction, professional and business services, and hotels and restaurants.

Overall, unemployment rates are getting closer to healthy levels in most parts of the country. The rate fell below 6 percent in 7 states last month, bringing the total number of states with rates below 6 percent to 29.

Still, much of the decline has occurred because many of the unemployed have stopped looking for work, rather than because they have found jobs. The government doesn't count people as unemployed unless they are actively searching for work.

And there are still 9.1 million Americans officially counted as unemployed, up from 7.6 million before the recession.


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FBI blames North Korea for Sony hack

WASHINGTON — The Obama administration on Friday formally accused the North Korean government of being responsible for the devastating hacking attack against Sony Pictures Entertainment, providing the most detailed accounting to date of a hugely expensive break-in that could lead to a U.S. response.

The FBI said in a statement it has enough evidence to conclude that North Korea was behind the punishing breach, which resulted in the disclosure of tens of thousands of leaked emails and other materials.

"North Korea's actions were intended to inflict significant harm on a U.S. business and suppress the right of American citizens to express themselves. Such acts of intimidation fall outside the bounds of acceptable state behavior," the statement said.

The FBI's statement cited, among other factors, technical similarities between the Sony break-in and past "malicious cyber activity" linked directly to North Korea, including a prior cyberattack against South Korean banks and media.

President Barack Obama is expected to face questions about the Sony hack at a year-end news conference with reporters later Friday.

The break-in escalated to terrorist threats against moviegoers that prompted Sony this week to cancel the Christmas release of the movie "The Interview." The film, a comedy starring Seth Rogen and James Franco, is about a plot to assassinate North Korea's leader, Kim Jong Un.

North Korea has denied being responsible but earlier this month referred to the cyberattack as a "righteous deed." A North Korean diplomat to the United Nations, Kim Un Chol, declined to comment Friday about the FBI's accusations.

Obama administration officials had until Friday declined to openly blame North Korea but had said they were weighing various options for a response. The statement Friday did not reveal what options were being considered but did say the government would "impose costs and consequences."

It's not immediately clear what action, if any, the government will take. Bringing the shadowy hackers to justice appears a distant prospect. A U.S. cyberretaliation against North Korea would risk a dangerous escalation. And North Korea is already targeted by a raft of sanctions over its nuclear weapons program.

The FBI did not indicate whether it has identified any individual hackers who might be culpable. In May, the Justice Department indicted five Chinese military officers accused of vast cyberespionage against American corporate interests, but none of those defendants has yet to set foot in an American courtroom.


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Golden age for Netflix, Amazon

Written By Unknown on Sabtu, 13 Desember 2014 | 00.32

The 72nd Golden Globe Awards may be a month away, but the winners and losers have already been selected.

Winners: Amazon and Netflix. Losers: Cable companies.

The fact that two online streaming services have received such resounding acclaim should put an end to any argument that the networks and cable have the market cornered on the art of acting, writing and directing.

Once just a way to access network shows on-demand, streaming services can now produce award-winning content themselves. An unintended consequence: television sales could dip in favor of tablets and smartphones because, let's face it, you no longer need a TV to watch good TV.

Though Netflix has competed at the Emmys and Golden Globes before, the nod for Amazon's breakout hit "Transparent" as best comedy TV series means that the creative success of Netflix — with seven nominations this year — isn't a fluke. It paves the way for the Hollywood elite to look toward Sony's new PlayStation TV, Microsoft Xbox, Roku and more as legitimate and promising places to lend their talents. Web series — like the Boston-set drama "Beacon Hill" — could also see a rise in interest both with viewers and Hollywood itself.

Such a scenario would act as a shot across the bow of overpriced and customer service-challenged cable providers. I wouldn't be surprised if, by this time next year, some top television shows are shopping themselves to those services as opposed to the networks that cable companies are currently holding hostage.

Of course, the awards also set up a serious faceoff between the two streaming titans-turned-TV-newbies. The seven nominations for Netflix original series shows "House of Cards," "Orange is the New Black" and "Derek" did not come as a surprise.

Amazon's nod for the hilarious show "Transparent," starring best actor in a comedy nominee Jeffrey Tambor, was more of a surprise. But to its huge credit, Amazon aggressively pursued the honor.

There's no doubt that Amazon's roster of 50 million subscribers to its Prime service will rise as a result, more so if Tambor wins. But there's plenty of room for streaming service competition and plenty of untapped market share to be had.

Rather than a monthly cable subscription, increasing numbers of consumers are paying for an a la carte menu of streaming services that allows them to view their own shows and still pay less than a monthly cable bill would cost.

One thing's for sure: Networks and cable companies will care about the 2015 Golden Globes for the first time in a long time.


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Fox News reporter dies of apparent suicide

Veteran Fox News correspondent Dominic Di-Natale, who recently reported on the riots in Ferguson, Mo., has been found dead of an apparent suicide.

He was 43.

Officials discovered Di-Natale's body Wednesday in Jefferson County, Co., where the international reporter owned property. The coroner said that he took his own life.

According to Fox News, the U.K. born journalist had been dealing with undisclosed health issues.

"We were extremely saddened to learn of Dominic's passing and send our deepest condolences to his family and friends," said a statement from a Fox News spokesperson. "He was an esteemed journalist and an integral part of our news coverage throughout the Middle East."

Di-Natale, who began as a contributor to BBC World, covered international stories for Fox News and worked out of the network's Los Angeles bureau.

He also reported on the 2011 raid that killed Al Qaeda leader Osama Bin Laden.

Fox News' Megyn Kelly expressed her condolences on Twitter.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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House approves $1.1T bill financing government

WASHINGTON — Republicans have muscled a $1.1 trillion bill financing government agencies through the House after President Barack Obama phoned Democratic lawmakers and urged them to back the measure.

The House approved the measure late Thursday by 219-206.

The compromise bill keeps agencies funded through next September.

Many conservatives opposed it because it did not block Obama's recent executive actions on immigration. A large majority of House Democrats opposed it because of provisions easing some restrictions on banks and allowing higher political contributions by big donors.

Obama backed the bill and called wavering Democratic lawmakers to persuade them to help it pass.

The bill must now be approved by the Democratic-run Senate.

Funding for federal agencies was expiring at midnight. Lawmakers were ready to pass short-term legislation keeping government doors open.


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Merger of Staples, Office Depot predicted

Activist investor Starboard Value's disclosure that it bought a 5.1 percent stake in Framingham's Staples Inc. and upped its Office Depot Inc. holding to 9.9 percent indicates the New York hedge fund will push for a merger of the two office supplies chains, according to analysts.

And while that would leave a single dominant U.S. office supplies retailer, Starboard is confident the Federal Trade Commission would approve it, Bloomberg reported, citing a person familiar with the matter. The FTC signed off on Office Depot's $1.2 billion merger with OfficeMax last year without imposing conditions.

Starboard did not return calls for comment. Its regulatory filings stated that Staples' and Office Depot's shares were "undervalued and represented an attractive investment opportunity" and outlined possible future actions including "making recommendations or proposals … concerning changes to the ... ownership structure ... industry consolidation or potential business combinations."

B. Riley & Co. analyst R. Scott Tilghman sees far more reluctance on the part of struggling Staples' to pursue an acquisition or merger than Office Depot. "Staples historically has had the belief that as the frontrunner of the industry, they understood how to operate and, over time, would continue to gain share over their rivals," he said. "Unfortunately, in recent years, especially after the Office Depot-OfficeMax merger announcement, that hasn't been the case."

Starboard's stakes in both retailers hint at a possible merger in the works given its involvement in the Office Depot/OfficeMax merger, Citi analyst Kate McShane said "If they cannot achieve this, due most likely to FTC concerns, we think they will push to have one or both of these companies sold," she said.


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Stocks rebound on Nov. retail sales, despite oil dip

Renewed optimism, thanks to increased retail sales, caused U.S. stocks to begin to rebound yesterday from a three-session loss streak, but waned as oil fell to a new, five-year low and efforts to block a spending bill in the House renewed worries of a government shutdown.

At one point, the Dow Jones Industrial Average increased by 225 points on news that retail sales rose 0.7 percent in November, the largest increase in eight months.

The Labor Department also reported fewer people filed unemployment claims last week.

"There's no question the numbers were encouraging," said Jon Hurst, president of the Retailers Association of Massachusetts.

"The key is whether they'll be sustained next month because, on average, November and December combined make up about 20 percent of the year's total sales."

Just hours before the House of Representatives passed a spending bill and the Senate passed a temporary bill to avert a U.S. government shutdown, the Dow ended at 17,596.34, up 63.19 points, or
0.4 percent, after crude oil dropped below $60 per barrel.

The latter is good news for the economy, for now, because the less people need to spend on gas, the more they can spend on other things, said Alan Clayton-Matthews, associate professor of economics and public policy at Northeastern University.


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Hearst buys 25% stake in Dreamworks Animation's Awesomenesstv for $81.25 million

Publishing company Hearst has acquired a 25% interest in AwesomenessTV, DreamWorks Animation's digital-focused media division, for $81.25 million, the companies announced Thursday.

For Hearst, the deal will give it entree into the burgeoning world of online video -- and help it reach a young audience that's increasingly consuming content digitally. DreamWorks Animation, meanwhile, will gain a large partner and cash to build out its fast-growing AwesomenessTV business.

Under the pact, Hearst said it will partner with DWA to expand AwesomenessTV's efforts to enter into new content channels, as well as broaden its audience and expand its geographic reach. In addition, AwesomenessTV -- which caters to teen audiences on YouTube and other platforms -- will gain immediate access to Hearst's subscription video-on-demand platform, which ATV would use to sell content directly to consumers across multiple formats.

AwesomenessTV CEO and founder Brian Robbins and president Brett Bouttier will continue to lead the company.

DWA acquired AwesomenessTV in May 2013 for $33 million with an additional $84 million in potential earn-out fees. Word of a DWA deal with Hearst for AwesomenessTV emerged last month, along with the news of the studio's merger talks with Hasbro (which eventually fell apart).

"Few companies have built the global audience of millennial females as quickly as AwesomenessTV," Steven R. Swartz, president and CEO of Hearst, said in a statement announcing the pact. "For us, it's very important to make a bet on the future of how content is created. Together, in partnership with DreamWorks, we see great opportunity in supporting the consumer media franchise that AwesomenessTV continues to build."

DWA CEO Jeffrey Katzenberg said, "This is an extremely exciting partnership for AwesomenessTV and DreamWorks as we continue to implement our long-term strategy to maximize the value of our content and properties through multiple distribution platforms." He lauded Hearst's position with "outstanding global brands, a very valuable international presence and industry-leading technology" and said DWA teamed with Hearst because of its "demonstrated track record of successfully partnering with media companies and supporting their growth trajectories."

Hearst's joint ventures in the entertainment sector include its 50% stake in A+E Networks, with the other half owned by Disney; its 20% stake in ESPN, also with Disney, which owns 80% of the sports cable giant. In addition, Hearst has launched the Esquire Network in partnership with NBCUniversal.

Since launching in 2012, AwesomenessTV has grown to be one of the biggest YouTube multichannel networks, with an average of nearly 800 million monthly views and a total subscriber base of more than 114 million. Its top YouTube channels include Cimorelli, Miss Glamorazzi, Tyler Oakley, Cameron Dallas and Nash Grier.

"Brian Robbins and Brett Bouttier are democratizing media by enabling young talent to create their own content, be discovered by their peers and then be showcased across AwesomenessTV's network of channels, as well as television shows and even movies," said Neeraj Khemlani, co-president of Hearst Entertainment & Syndication and president of Hearst Digital Studios. "It's socially driven content by teens for teens across every platform."

Robbins said in a statement, "With this new partnership, we will benefit from Hearst's deep industry and creative experience as we continue our strong and productive relationship with DreamWorks Animation."

Hearst and AwesomenessTV already had a partnership for the publisher's Seventeen teen-girl mag. Under that deal, AwesomenessTV relaunched the YouTube channel for Seventeen. AwesomenessTV is producing all the content for the channel and managing a multichannel network for fan-contributed content, while Hearst handles ad sales.

AwesomenessTV this April acquired Big Frame, a YouTube MCN and talent-management company, for $15 million. The DWA division also has launched a consumer products business; Awesomeness Music, a label formed in partnership with Universal Music Group to sign deals with YouTube music talent; and Awesomeness Ink, a young-adult book publishing imprint for digital stars.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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House approves $1.1T bill financing government

WASHINGTON — Swapping crisis for compromise, the House narrowly approved $1.1 trillion in government-wide spending Thursday night after President Barack Obama and Republicans joined forces to override Democratic complaints that the bill would also ease bank regulations imposed after the economy's near-collapse in 2008.

The 219-206 vote cleared the way for a final showdown in the Senate on the bill — the last major measure of a two-year Congress far better known for gridlock than for bipartisan achievement.

Hours before the vote, House Democratic leader Nancy Pelosi delivered a rare public rebuke to Obama, saying she was "enormously disappointed" he had decided to embrace legislation that she described as an attempt at blackmail by Republicans.

The White House stated its own objections to the bank-related proposal and other portions of the bill in a written statement. Even so, officials said Obama and Vice President Joe Biden both telephoned Democrats to secure the votes needed for passage, and the president stepped away from a White House Christmas party reception line to make last-minute calls.

In addition to the government funding, the bill sets a new course for selected, highly shaky pension plans. It also sets up a clash for February between Republicans and Obama over his decision to remove the threat of deportation from about 4 million immigrants living in the country illegally.

Despite the day's drama, 57 Democrats supported the bill, including the party's second-ranking leader, Rep. Steny Hoyer of Maryland, and Florida Rep. Debbie Wasserman Schultz, who doubles as the chair of the Democratic National Committee.

The outbreak of Democratic bickering left Republicans in the unusual position of bystanders rather than participants with the federal government due to run out of funds at midnight.

Even so, there was no threat of a shutdown in federal services — and no sign of the brinkmanship that marked other, similar episodes. Instead, both houses passed a measure providing a 48-hour extension in existing funding to give the Senate time to act on the larger bill.

Said a relieved Speaker John Boehner, "thank you and Merry Christmas."

Hours before the mid-evening final vote, conservatives had sought to torpedo the measure because it would leave Obama's immigration policy unchallenged. Boehner patrolled the noisy, crowded House floor looking for enough GOP converts to keep it afloat.

He found them — after the vote to move ahead on the bill went into overtime — in retiring Rep. Kerry Bentivolio of Michigan as well as Rep. Marlin Stutzman of Indiana.

Even so, Republican defections required Boehner and supporters of the measure to seek Democratic votes for passage. "Remember this bill was put together in a bicameral, bipartisan way," he said. Officials in both parties said Pelosi was fully informed of the bill's contents before it was released to the public, and did not signal her opposition.

If there was political drama in the House, there was something approaching tenderness in the Senate, where several lawmakers are ending their careers. Sen. Tom Coburn, R-Okla., choked up as he delivered a farewell speech from his desk, and Republicans and Democrats alike rose to applaud him.

There was little if any controversy over the spending levels in the $1.1 trillion measure, which provided funding for nearly the entire government through the end of the budget year next Sept. 30. It locked in cuts negotiated in recent years between the White House and a tea party-heavy Republican rank and file.

The only exception is the Department of Homeland Security. It is funded only through Feb. 27, when the specter of a shutdown will be absent and Republicans hope to force the president to roll back an immigration policy that promises work visas to an estimated 5 million immigrants living in the country illegally.

When Congress convenes in January, Republicans will have control of the Senate for the first time in eight years and will hold their strongest majority in the House in more than eight decades.

A provision in the big bill relating to financially failing multi-employer pension plans would allow cuts for current retirees, and supporters said it was part of an effort to prevent a slow-motion collapse of a system that provides retirement income to millions.

"The multi-employer pension system is a ticking time bomb," said Rep. John Kline, R-Minn., who negotiated the agreement privately with Democratic Rep. George Miller of California, who is retiring after 40 years in Congress.

The Pension Benefit Guaranty Corp. estimates that the fund that backs multi-employer plans is about $42.4 billion short of the money needed to cover benefits for plans that have failed or will fail.

Miller said the legislation would give retirees the right to vote in advance whether to enter a restructuring that could cut their benefits. He, Kline and others said the alternative to the legislation might be an even deeper reduction in benefits.

The legislation drew a mixed reaction from unions and the opposition of the AARP, but the White House written statement on the legislation did not mention it as a concern.

The White House did raise objections to a provision that would roll back one of the regulations imposed on the financial industry after the economic near-collapse of 2008, and to a separate element of the bill that would permit wealthy contributors to increase the size of their donations to political parties for national conventions, election recounts or the construction of a headquarters building.

Democrats cited the same issues, but Boehner on Wednesday rejected their request to jettison either or both of the provisions. Republicans noted that 70 members of the Democratic rank and file supported easing the bank regulations on a stand-alone vote in October of last year.

Remarkably, there was relatively little controversy about the spending levels themselves that form the heart of the bill.

___

Associated Press writers Stephen Ohlemacher, Erica Werner, Alan Fram and Charles Babington contributed to this report.


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AstraZeneca to shut Westboro plant

The closure of a massive AstraZeneca drug manufacturing facility in Westboro next year is an outlier and doesn't signal trouble in the state's booming life sciences industry, one local industry watcher said.

"That particular facility and the kind of manufacturing they did there is somewhat of an outlier," said Peter Abair, director of economic development and global affairs for the Massachusetts Biotechnology Council. "It's the type of manufacturing we don't really do a lot, it's more traditional pharmaceutical inhalants."

Yesterday, the drug giant said it will close its manufacturing facility in Westboro in late 2015, affecting roughly 180 employees and contractors. The facility makes Pulmicort Respules, an asthma treatment.

The biotech boom in Massachusetts is built largely on biologic drugs — treatments based on living organisms. That manufacturing process is still advancing incredibly quickly, "on a daily basis," Abair said. Because of that, companies are keeping their research and manufacturing close, he said.


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Hot Property: Penthouses become highly desirable

Penthouses have always had a cachet, but it's only in the last 10 years that Boston has gone vertical enough to create a lot of them.

Buildings like the Ritz- Carlton Residences, the W, 45 Province St., the Mandarin Oriental and The Clarendon put the high-style urban penthouse on the Hub map. Upcoming buildings will raise the ante. The Millennium Tower is offering a 13,000-square-foot penthouse atop the 60th floor for $37.5 million, the city's most expensive listing ever. And projects like One Dalton Street in the Back Bay and Twenty Two Liberty on Fan Pier are also building spectacular pent­houses.

"Big building penthouses are like bespoke suits — custom made" says Wayne Lopez, who sold six at 45 Province St. and is now working for Millennium Partners. "These are people who don't buy cars off lots or suits off the tracks."

Lopez says new penthouses are often sold as raw space, letting buyers customize floor plans and finishes, noting a family with young children bought a 45 Province St. penthouse because they could alter the layout to fit their needs.

For those buyers who want a penthouse, but can't wait two to three years for a build-out, there are usually several on the market.

Gibson Sotheby's Beth Dickerson is listing a 16th-floor two-bedroom corner penthouse at One Charles for $3,195,000 that features both a wraparound terrace off the living areas and a private one off the master bedroom, with panoramic views of the city on two sides.

"Having outdoor space is huge and increases the value of a penthouse by 20 percent," said Dickerson, who sold one for $13 million at the Mandarin Oriental. "And corner pent­houses are very hard to find."

Dickerson says penthouses are high on the bachelor pad wish list and those of people who like to entertain. There are the much-touted wealthy foreign buyers looking for a trophy penthouse, but also local empty nesters. Coldwell Banker agent Albert Lynch is a buyer's broker for a suburban Boston couple with two grown children.

"Some buyers want to be in flag buildings, those that mix condos with a hotel offering amenities such as room service." Lynch said. "Others, like my client, are looking for a full-service building that's quieter."

Lynch said tall building penthouses are a different animal than penthouses in other neighborhoods. In penthouse units he recently sold on Beacon Hill and in the Leather District, exclusive rights to roof decks were a top amenity

Penthouses along the Water­front or in Charlestown aren't as high up but offer spectacular views. Penthouse 230 for sale at Flagship Wharf for $2,149,000 has 2,434 square feet of space, floor-to-­ceiling windows and two private terraces that look out over Boston Harbor.

"Whether you want water or city views, if you're looking for a condo with more than 2,000 square feet or three bedrooms in the city, these will generally be penthouse units," Dickerson said.

Why pay more, when the views a few floors below are nearly as good?

"It's the cachet of living in a one-of-a-kind space where you live at the top" Lynch said. "Some people want to be able to say they live in a penthouse and will pay extra for the privilege."


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Mass. company plans Delaware medical pot clinic

WILMINGTON, Del. — A Massachusetts company is planning to open a medical marijuana clinic in Delaware next month, though doing business in the state could be tricky.

Boston-based Canna Care Doctors plans to open the clinic on Jan. 17 in an industrial park south of Wilmington just steps away from Delaware's first medical marijuana dispensary, set to begin sales in April.

Canna Care has hired a doctor and a cardiologist, and signed a lease for the clinic. For $200 annually, patients at Canna Care will be able to meet with a "cannabis consultant," and get a doctor's appointment and a six-month follow-up. Insurance won't be accepted.

Kevin Kafka, chief operating officer for Canna Care, said the company targeted Delaware because doctors in the state have been hesitant to recommend medical marijuana to their patients.

"The problem in Delaware right now is they don't have enough doctors writing recommendations for patients who truly need it," he said. "We offer an alternative."

But Delaware's medical marijuana law requires doctors who recommend marijuana to their patients must have a bona fide relationship with them that "may not be limited to authorization for the patient to use medical marijuana or consultation for that purpose," The News Journal reported.

State officials have recently acted to further tighten those restrictions.

Last month, Delaware's director of public health, sent a letter to about 100 doctors with patients in the state's medical marijuana program, expressing concerns about "walk-in" clinics certifying patients to use medical marijuana without a firmly established relationship.

Going forward, state officials said they'll have a higher standard for physician certification documents.

Among the requirements: health officials reviewing medical marijuana applications must ensure doctors have done a full assessment of a patient's medical history; that they've created and maintained health records; that they'll continue to provide care for the patient; and that they'll provide follow-up care to make sure the marijuana is helping.

Kafka said his company will follow Delaware's rules. The company's Delaware doctor will meet with patients, and provide follow-up care — even sooner than six months, if necessary, he said.

"We've been working very closely with folks in Dover to ensure that we're in full compliance," Kafka said. "We're taking our current business model and altering it to make sure it fits the regulations in Delaware."

There are 164 medical marijuana cardholders in Delaware, with another 46 applications under review, according to the state. The planned opening of Delaware's first dispensary in April will mark the first time those patients can legally obtain marijuana for conditions that include cancer, HIV, agitation of Alzheimer's disease, post-traumatic stress disorder, and Lou Gehrig's Disease.

Gov. Jack Markell signed the medical marijuana bill into law in 2011, but he halted implementation after federal authorities indicated people involved in cultivating and distributing marijuana could face civil fines or prosecution.

Last August, the governor said he was moving forward with a single, state-licensed "compassion center." The bill he signed in 2011 had called for three such centers, one in each county.

___

Information from: The News Journal of Wilmington, Del., http://www.delawareonline.com


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Report says MIT ‘bursting at seams’

Written By Unknown on Sabtu, 06 Desember 2014 | 00.32

Demand for entrepreneurship and innovation opportunities, facilities and classes is far outpacing the Massachusetts Institute of Technology's ability to meet those needs in terms of space and programs, according to a report commissioned by the university.

"We're bursting at the seams," said Vladimir Bulovic, associate dean for innovation in the School of Engineering and co-author of the preliminary report. "There is a tremendous drive by students for more and more entrepreneurial activity."

The report says many classes and facilities are far too popular to serve everyone, finding:

• A student machine shop that has a six-month, 200-student wait list.

• More than 1,000 applicants for the MIT $100K Entrepreneurship Competition.

• More than 3,000 students — out of roughly 11,000 — who take an innovation and entrepreneurship class each year.

The report recommends a number of solutions, including a co-working space for recent MIT graduates, the construction of two "Innovation Hubs" on campus, and the creation of the Laboratory for Innovation Science and Policy, a department that would study the innovation process and how to foster it.

"We need to provide our students an even better education so they can make an impact," Bulovic said. "Today's students want to make a difference tomorrow with the stuff they learn today."

The report's authors are hosting community briefings — the first on Monday — to solicit feedback before revising and finalizing it next year.


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Logan eyeing more direct foreign flights

With Mexico City crossed off the list, Massport is looking at adding more nonstop international flights to China, new direct service to India and Brazil, and the return of a direct connection to Milan, Italy.

"Mayor (Martin J.) Walsh also wants us to look at Belfast," CEO Thomas Glynn said, noting Walsh made the request after his September trip to Ireland and Northern Ireland, where he wants to forge greater business ties. "Part of our success has been the enthusiasm from the business community."

The economic impact on the Boston region of Aeromexico's six nonstop flights per week between Boston and Mexico City, which were announced yesterday and start June 1, will be an estimated $49 million, according to Massport. Mexico is Massachusetts' third largest trading partner.

The Aeromexico flights are getting a premium schedule to allow for connections to other parts of Mexico and Central and South America, and to Europe through Aeromexico's Delta Air Lines partnership, said Aeromexico CEO Andres Conesa Labastida.

"Today, Boston has good connectivity to Cancun," Conesa said. "But for leisure (travelers), there is a huge offering of places on the Pacific coast."

Logan's fast-growing international service — Mexico City will be its 42nd international destination — is putting pressure on Terminal E. Massport is investing $100 million in terminal improvements, but an expansion isn't on the immediate horizon, said Glynn. Massport instead has been moving airlines to other terminals.

"So far we're making it work, but it's definitely a question we need to look at," Glynn said. "It's not an easy thing to do when we're surrounded by residential neighborhoods."


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Panel waits on Wynn’s IRS flap

State gaming commissioners stopped short of faulting Wynn Resorts for failing to disclose an IRS request for documents a month before it won the Boston-area casino license — a probe the commission acknowledged Wynn only brought to its attention after a newspaper report.

Commissioner James F. McHugh said the gaming panel's Investigations and Enforcement Bureau (IEB) needs to report back on the nature of the IRS inquiry — which the Wall Street Journal reported is linked to a federal money laundering probe — to determine if Wynn should have notified them earlier.

"There's a difference between an inquiry about customers and an inquiry about them," McHugh said yesterday, after the commission's investigative chief gave her first public report on the matter. "There's an inquiry about them that's routine, there's an inquiry about them that is not routine. Until we know the answers to those kinds of questions, we're not in a position to make a judgment about whether or not we should have known."

IEB director Karen Wells said yesterday the IRS inquiry was brought to the commission's attention when Wynn's general counsel emailed her the Nov. 20 Wall Street Journal article. Wells said her agency's review has not yet turned up any summonses or subpoenas of Wynn employees.

"To my knowledge, at this time, one does not exist," Wells said.

Under the state's gaming law, licensees must "upon receipt of a criminal or civil process compelling testimony or production of documents in connection with a civil or criminal investigation, immediately disclose such information to the commission."

McHugh said, "It sounds to me like a process was not served … the statutory and regulatory obligation to report was not triggered."

But former state Inspector General Gregory Sullivan, now at the Pioneer Institute, said Wynn should have disclosed the inquiry considering the feds had recently reached a settlement with Las Vegas Sands.

"Since Las Vegas Sands had settled a high-roller money laundering investigation by the IRS for $47 million a year earlier, I would have expected the applicant to disclose to the Gaming Commission an administrative summons from the IRS criminal division for information about high-roller money laundering," Sullivan said.

Wynn VP Robert DeSalvio declined comment yesterday, referring questions to a company spokesman who did not respond to an inquiry.


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Sony hackers reveal Seth Rogen and James Franco's pay for 'The Interview'

The cyber-attack targeting Sony Pictures uncovered a few more confidential details on Wednesday in what has turned into a publicity nightmare for the entertainment company.

Seth Rogen was reportedly paid $8.4 million for "The Interview," according to new data obtained by Bloomberg, while his co-star James Franco earned $6.5 million for the comedy.

The film, which allegedly cost $44 million, also paid Britney Spears' ex-husband Kevin Federline $5,000 for a cameo.

"The Interview," about two journalists tasked with assassinating North Korea dictator Kim Jong-un, is at the center of a recent hack attack at Sony, which this past week saw several new films leak online in addition to personal data and salary information about the company's top executives.

The FBI is investigating the corporate hacking, one of the worst in recent memory.

The hackers, identifying themselves as "The Guardians of Peace," have claimed that more information will be released about the movie distributor in the coming days.

North Korea, meanwhile, hasn't denied its involvement in the computer breach, simply telling the media to "wait and see" if the country is retaliating for Rogen and Franco's new comedy, which opens Christmas Day.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Ringo Starr re-lists Shoot N' Starr ranch near Aspen

SELLER: Ringo Starr
LOCATION: Woody Creek, CO
PRICE: $3,850,000
SIZE: 3,192 square feet, 3 bedrooms, 2.5 bathrooms

YOUR MAMA'S NOTES: Two weeks ago Your Mama dissed and discussed the pretty well palatial, 200-acre-plus English country estate that Beatles drummer Ringo Starr has up for sale at an undisclosed price that circumstantial digital evidence suggests is right around £15,000,000. (That's $23,541,600 as per our handy-dandy currency conversion contraption.) Earlier this week, as we first heard from the eagle-eyed kids at Curbed, the vaunted veteran rock star and his long-time wife, former Bond girl Barbara Bach, hoisted their 15-ish-acre spread along the Roaring Fork river in Woody Creek, CO, back on the open market with an asking price of $3.85 million.

Our research shows the Starrs picked up their rustic-luxe Colorado mini-ranch, which they dubbed the Shoot N' Starr ranch according to the wooden sign that hangs on the fence out front, way back in 1991 for $1.164 million. This is not, some of the children may already know, the first time the Starrs have tried to unload their Rocky Mountain retreat; They unsuccessfully had the place on the open market in 2010 for $4.5 million and then again in late 2013 and early 2014 for the (familiar) asking price of $3.85 million.

The equine accommodating property includes a 3,192-square foot main residence decked out in all manner of Americana regalia that Curbed accurately if cattily called "kitchy." There are three bedrooms and 2.5 bathrooms, as per listing details, plus a separate, studio-style caretaker unit. A Mexican paver tiled entry leads to a combination living and dining room with oatmeal-colored wall-to-wall carpeting, a stone-lined arched fireplace and high vaulted ceilings criss-crossed with a version of the rugged wood beams that are almost ubiquitous in a high percentage of the multi-million dollar homes in and around Aspen. The flooring switches to wood in the adjoining, window-lined family room that looks out over the yard and towards the river.

A row of muscular, tree-trunk beams make a bold and rustic statement in the spacious and well-maintained if outdated kitchen where the blue and white ceramic tile countertops are most certainly custom and have a sort of native American pattern thing happening that -- no offense to anyone -- this sometimes sassy property gossip is not so keen about as a countertop design. And, children, let's not even address the wacky wagon wheel "chandelier" over the center island that's laced with chili lights because just the very idea of it makes Your Mama need a nerve pill in the worst way imaginable.

One guest/family bedroom has multi-colored credenza painted in a rather cliché southwestern style and bevy of black and white photographs of what appear to be Native Americans while the other has a clunky television atop a dresser and a bed set -- we're afraid -- at a cattywompus angle. In general, Your Mama does not care for furnishings set at funny angles to a room's geometry but we find the practice particularly objectionable in bedrooms. Just imagine, children, how many times in the middle of the night a person has to reach down and retrieve a pillow that's fallen in to that sad little triangle between the head of the bed and the corner of the room? Anyhoodles, poodles, clunky boob-toobs and angled bed orientations are really neither here nor there when it comes to the real estate matter at hand so let's move on and wrap it up, shall we?

A dining and lounging deck off the back of the house looks out over a vast, tree-dotted lawn that slopes gently down to the rocky river's edge and a charming and perfectly appropriate split rail fence separates the landscaped areas around the house from a multi-acre horse pasture.

We can't confirm it directly but, so the story goes, Mister and Missus Starrs plan to spend more time in Los Angeles where our research shows they own a gated mini-estate near the eastern border of Beverly Hills that they scooped up in May 1991 for $3.2 million.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Fox 25 broadcasting again on Verizon after reaching agreement

Verizon and the new owner of Fox 25 have resolved the fee dispute that led to broadcast blackouts for hundreds of thousands of Bay State Verizon Fios customers, the news organization announced today.

"We apologize to our viewers for any disruption that this dispute caused, and we thank Verizon FiOS for its willingness to continue working with FOX 25 to reach an agreement that is favorable for both companies and all of our viewers," Fox 25 said in a statement posted online. "FOX 25 is very pleased to be back on Verizon FiOS."

The fee dispute between Verizon and Cox Media group — which recently acquired the Boston-area Fox affiliate — made headlines last month when a failure to renew a deal for "retransmission consent" fees caused about 400,000 Massachusetts households to miss a Thanksgiving Day NFL game.


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The Ticker

Partners teams up with MedSpring

Beginning early next year, patients will have access to health care at multiple walk-in clinics in eastern Massachusetts through a partnership between Partners HealthCare and MedSpring Urgent Care.

The new Partners Urgent Care locations, which will be announced at a later date, will have physicians on site from 9 a.m. to 9 p.m. daily, including weekends and holidays, to treat routine illnesses and injuries, from colds and coughs to cuts and broken bones.

Sirius to pay Mass., 44 other states

Resolving claims that the satellite radio company engaged in misleading advertising and billing practices, Sirius XM Radio Inc. of New York has agreed to pay $3.8 million and provide restitution to eligible consumers, Attorney General Martha Coakley announced yesterday. The settlement will bring more than $80,000 to the commonwealth.

Coakley has joined 44 other states and the District of Columbia in the settlement with Sirius XM, resolving allegations that the company engaged in misleading, unfair, or deceptive acts or practices in violation of state consumer protection laws.

  • Vantage Builders of Waltham has announced the hiring of construction industry veteran Mark Price, left, as project manager. Price has more than 25 years of experience in construction and property management.

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East Somerville home rings with history

There are many historic homes for sale around Boston, but only one can claim to be the site of the world's first residential telephone connection.

The 4.958-square-foot house at 1 Arlington St. in East Somerville, on the market for $899,000 — down from the original $995,000 asking price — has a fascinating history as well as mahogany and cherry woodwork, original wood floors and brass chandeliers and sconces.

The 10-bedroom house was built in two phases: the 1858 Italianate main house built for the Tufts family and an Eastlake-style renovation and side addition completed in 1888.

In 1877, then-owner Charles Williams Jr., a Hub telegraph manufacturer who teamed up with his business tenant Alexander Graham Bell to build the first telephones, had the world's first home phone. It was connected via a dedicated line to his office at 109 Court St. with "1" and "2" as the phone numbers.

The home is on the city, state and the national registers of historic places.

The first floor living spaces still reflect the home's grandeur, with original doors, carved window and door moldings, and a grand front staircase.

The living room, to the left of the entryway, is a large space with restored oak floors, bay windows and two original fireplaces with cast-iron grates and carved wood mantels. Two brass chandeliers hang from elaborate plaster medallions, and original sconce lights ring the walls.

The formal dining room has elaborate wood floor patterns, a carved fireplace with an Italian tile hearth, and a large original walk-in pantry with glass cabinets. An adjacent library has tall windows and a carved wood mantel fireplace.

Original hinges and brass door knobs, some with carved lion's heads, add to the authenticity.

The house's exterior has much of its original detailing, with covered balconies on either side topped with iron brackets. There's a pedimented covered front porch and brackets under the roof. But the clapboard has been replaced by vinyl and the original facia boards need work.

The kitchen has two intact pantries, but its appliances need to be replaced.

The bedrooms on the second and third floors are good-sized, but bathrooms — two on the second and one on the third floor — need to be redone.

The electrical systems also need updating, but the heating system was replaced about a decade ago.

Despite its condition, the historic home is starting to connect with potential buyers. Several are considering converting it into a bed and breakfast, a use that the city of Somerville will allow, and the Lincoln-based Telephone Museum is interested in buying the house as its headquarters.

"It's taken awhile to attract offers because it has more space than many people require and it needs upgrading," said broker Thalia Tringo. "But the house has a lot to offer with its intricate wood detailing and wonderful room scale."


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Globe CEO: Smartphones great for news, but print’s better for ads

Most journalism in the years to come will be delivered on smartphones, Boston Globe CEO Mike Sheehan said yesterday, but print journalism may not be on its way out entirely.

Asked what role smartphones will play in the industry's future, Sheehan said, "Everything."

"It's not going to be an overnight migration, but it's important for us to appeal to 18- to 35-year-olds, and their life is on the smartphone," he said at the Massachusetts Newspaper Publishers Association annual meeting in Boston. "But it'll be easier to do from a journalistic sense than from an advertising sense. That's going to be the challenge."

Because of the difficulty of creating advertising that works well on a smartphone, he said, the industry may see a stabilization in print journalism.

"More and more," Sheehan said, "I talk to advertisers who come back to print because they say, 'You know what? It just works.'"

There is no turning back the clock on digital journalism, however, he said, and to remain viable, more and more newspapers, including the Globe, are charging readers for that content — something he doesn't see as a bad thing.

"It always bothered me that newspapers gave away journalism for free. It killed me," he said. "We just have to make sure the quality is always there, that digitally, it's updated regularly, and it's terrific, relevant, important content ... I know of no other way to build a business than to improve the quality of the product. The great thing about a newspaper is in print you can improve it every 24 hours, and digitally, you can improve it every two minutes."


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US adds 321,000 jobs, the most in nearly 3 years

WASHINGTON — A burst of U.S. hiring in November — the most in nearly three years — added 321,000 jobs and provided the latest evidence that the United States is outperforming other economies throughout the developed world.

In addition, the government said Friday that 44,000 more jobs were added in September and October combined than it had previously estimated. So far this year, job gains have averaged 241,000 a month, putting 2014 on track to be the strongest year for hiring since 1999.

The unemployment rate remained at a six-year low of 5.8 percent.

"These were boom-like numbers," said Mark Zandi, chief economist at Moody's Analytics. "They indicate that the U.S. economy is on very solid ground."

November's robust job growth, reflecting a steadily rising economy, could make it likelier that the Federal Reserve will start raising interest rates by mid-2015 as many economists have speculated. The Fed has kept its key short-term rate at a record low near zero since 2008 to support the economy.

The job gains last month coincided with a sharp increase in workers' pay. The average hourly wage rose 9 cents to $24.66, the biggest gain in 17 months. Still, over the past 12 months, hourly pay has risen just 2.1 percent, barely above the 1.7 percent inflation rate.

Hiring last month was broad-based but particularly concentrated in retail, temporary services and transportation and warehousing. Those increases likely reflect seasonal hiring for the holiday season. Shipping companies have announced ambitious plans: UPS has said it expects to add up to 95,000 seasonal workers, up from 85,000 last year. FedEx plans to hire 50,000, up from 40,000.

In addition, manufacturers added 28,000 jobs in November, the most in a year, and education and health services 38,000. Professional and business services, a category that includes generally low-paid temps but also higher-paying jobs in fields such as accounting and engineering, added the most jobs in four years.

The surge in hiring comes after the economy expanded from April through September at its fastest six-month pace in 11 years. The additional jobs should support steady economic growth in coming months.

The U.S. recovery still has far to go to fully rebound from the Great Recession, given that many people without jobs have stopped looking for one and are no longer counted as unemployed and many others have received little or no pay increases.

"At this rate, we won't return to pre-recession labor market health until October 2016 — nearly nine years since the recession began," said Elise Gould, a senior economist at the liberal Economic Policy Institute.

Even so, the improving U.S. job market contrasts with weakness elsewhere around the globe. Growth among the 18 European nations in the euro alliance is barely positive, and the eurozone's unemployment rate is 11.5 percent. Japan is in recession.

China's growth has slowed as it seeks to rein in excessive lending tied to real estate development. Other large developing countries, including Russia and Brazil, are also straining to grow.

Most economists say the United States will likely continue to strengthen despite the sluggishness overseas. The U.S. economy is much less dependent on exports than are Germany, China and Japan. U.S. growth is fueled more by its large domestic market and free-spending consumers, who account for about 70 percent of the economy.

That trend helps support the steady U.S. job growth. Most of the industries that have enjoyed the strongest job gains depend on the U.S. market rather than on overseas demand. Retailers, restaurants and hotels, and education and health care, for example, have been among the most consistent sources of healthy hiring since the recession officially ended in 2009.

Seva, a chain of fast-casual spas located mainly inside Wal-Mart stores, has been adding jobs all year while expanding from about 75 to 100 sites. It plans to open more free-standing spas in Georgia and Illinois next year.

CEO Vas Maniatis says its customers have been willing to spend more this year on higher-priced services such as body waxing and facials, which have boosted revenue. Just after the recession, the company had focused more on lower-priced procedures such as eye brow shaping.

"People want the services," he said. "They are willing to spend more money and are spending more in our stores."

Most recent figures on the economy have been encouraging. Americans are buying more cars, which will likely keep factories busy in coming months. Auto sales last month rose to their second-fastest pace this year. Car sales are on track to rise 6 percent this year from 2013.

And a survey by the Institute for Supply Management, a trade group of purchasing managers, showed that services firms expanded at nearly the fastest pace in eight years last month. The ISM's separate survey of manufacturing firms showed that factories are expanding at a brisk pace.

There have been some signs of moderating growth. Consumer spending rose only modestly in October. And businesses ordered fewer big-ticket manufactured goods that month, excluding the volatile aircraft category. That indicates that companies are holding back on investment.

___

AP Economics Writer Josh Boak contributed to this report.


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The Ticker

Written By Unknown on Sabtu, 08 November 2014 | 00.32

Aereo to close Southie office, lay off 43

Streaming Internet television startup Aereo will close its South Boston office and lay off 43 employees to cut costs after a series of losses in court.

Aereo said it will close its Hub engineering office next Wednesday, but will not shut down completely.

In a letter to employees, CEO Chet Kanojia said the company had been pursuing acquisitions and additional investment, but potential investors balked after a federal court in New York last month said Aereo did not qualify for a cable license.

Aereo attracted the ire of every major broadcaster for retransmitting over-the-air channels to customers' computers or mobile devices for a monthly fee. The Supreme Court ruled against Aereo over the summer.

3 arrested in Hub co. securities fraud

The Securities and Exchange Commission yesterday charged an attorney in Orange County, Calif., and two men in Massachusetts behind a pump-and-dump scheme that defrauded investors in a Boston-based ticket brokering business.

The SEC alleges Richard Weed, a partner in a Newport Beach law practice, facilitated a scheme to pump and dump the stock of CitySide Tickets Inc., which he helped structure into a publicly traded company through reverse mergers. Weed created backdated promissory notes and authored false legal opinion letters that enabled Boston stock promoters Thomas Brazil and Coleman Flaherty to obtain millions of purportedly unrestricted shares of stock in the company, the SEC said. Investors were then allegedly blitzed with a false and misleading promotional campaign touting CitySide Tickets.

Dow, S&P hit new record highs

U.S. stocks edged up in a volatile session yesterday, with the Dow and S&P 500 hitting fresh record closing highs on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.

The Dow Jones industrial average rose 69.94 points, or 0.4 percent, to 17,554.47, the S&P 500 gained 7.64 points, or 0.38 percent, to 2,031.21 and the Nasdaq Composite added 17.75 points, or 0.38 percent, to 4,638.47.

Today

  • Labor Department releases employment data for October.
  • Mark Diodati, left, a certified public accountant, has been promoted to partner at Damon & Associates Inc., a Pembroke-based accounting and tax firm. For five years previous, Diodati was an associate at the firm and served as the audit manager, responsible for managing projects, the budget and the accounting staff.

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Aereo lays off staff in Boston, New York

Aereo, which put its service on hold after it lost a Supreme Court ruling in June, is laying off a majority of its staff, including employees in New York and Boston, although the company says that it is continuing to "chart our path forward."

Several media outlets reported that the company informed employees in Boston that it was closing its office there and laying off 43 employees as of Nov. 12.

Virginia Lam, a spokeswoman for the company, said that "in an effort to reduce costs, we made the difficult decision to lay off some of our staff in Boston and New York. We are continuing to conserve resources while we chart our path forward. We are grateful to our employees for their loyalty, hard work and dedication. This was a difficult, but necessary step in order to preserve the company."

A small executive team of about a dozen people will remain.

The Supreme Court ruled in June that Aereo's service -- which offered digital broadcast streams to subscribers via dime-sized antennas -- violated the Copyright Act. The company has so far been unsuccessful in pursuing another approach in the courts, that because it resembles a cable service it should be entitled to transmit broadcast programming.

The FCC, meanwhile, is mulling a proposal in which Internet TV providers, including Aereo, would receive the same classification as a cable or satellite company, something that would give over-the-top services access to broadcast channels. But it is likely that Aereo would still have to pay restransmission fees to local stations.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Expert: Home Depot email hack may lead to ID thefts

Two months after it revealed that 56 million of its customers' debit and credit cards had been compromised, Home Depot yesterday disclosed that hackers also stole 53 million email addresses — information that, coupled with customers' financial data, could be used to hack their family and friends, as well as banks, businesses and government agencies, one expert said.

"This is the new crime wave of the 21st century," said Anthony Roman, president of Roman & Associates, a global investigative and security consulting firm. "It's an emerging style of robbery and warfare."

Home Depot said the hacked file containing the email addresses did not contain passwords or other sensitive personal information. However, Roman said that once hackers have an email address, they can send emails embedded with a virus, and if the recipients open the attachment, their computers become infected, allowing the hackers access to those people's passwords, contacts and all of the other information on their computers.

"With financial data like your debit or credit card, the implications are clear. If they now have your email address, it makes it easier for them to assume your identity because they can now communicate with your family, your friends, your bank, your mortgage company, your place of business, posing as you," he said. "And by embedding viruses in all of those people's computers, they can create a super computer called a botnet and use that computing power to steal corporate secrets and business plans and attack institutions and government agencies."


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Good things come in small packages at North Point

A new AvalonBay Communities' apartment complex features micro-unit and larger studios carved out of a former hot dog factory in East Cambridge, with access to first-class amenities at its luxury rental tower across the street.

The Avalon North Point Lofts have 103 units in the six-story former Maple Leaf Franks building. AvalonBay purchased the rights to redevelop the building as part of a deal with Archstone to buy the adjacent North Point luxury apartment complex with 426 units that was built in 2008.

The lofts are a different type of apartment for Avalon­Bay, whose local portfolio includes traditional luxury apartments and its tech-­focused AVA brand geared to millennials.

"We did a complete gut rehab of the factory and added a lot more windows to make unique loft spaces," said Michael Roberts, vice president for development at AvalonBay. "The rents are also lower than our luxury or AVA apartments."

The loft rents, which range between $1,850 and $2,400, include free use of Avalon North Point's extensive amenities, including an indoor pool, gym, yoga and massage studio, hospitality room with kitchen and movie theater. Parking at the garage runs an extra $175 a month.

"People like the price point and efficient use of space, and we're getting a mix of grad students and professionals who work nearby," said property manager Sarita Gonzales, who said that 57 percent of the lofts have been rented after just a few months on the market.

Ranging in size from 329 square feet to 700 square feet, some studios have separate living and sleeping areas, while others are open-plan lofts. The apartments have ceilings over 11 feet high, and most have floor-to-ceiling windows.

The LEED Silver building emphasizes its factory origins, with polished concrete floors, large columns and exposed ductwork.

We took a look at two model units. Unit 105, a 450-square-foot micro studio with separate living and sleeping areas that's renting for $1,900, makes efficient use of space with a kitchen area with white quartz counters, about a half-dozen cabinets, a G.E. refrigerator and an electric cooktop with a microwave above. The adjacent living room is divided from a sleeping area by a three-quarter wall. There's a full bathroom with ceramic tile shower as well as an in-unit washer and dryer.

Unit 103, a 379-square-foot corner micro-unit, has a full kitchen with quartz counters, and an open plan living and sleeping area for $1,850 a month.

AvalonBay also is planning a six-story 300-unit apartment building in the NorthPoint neighborhood scheduled to break ground next year.

"We think NorthPoint has its momentum back," said Roberts. "There's still a lot of pent-up apartment demand and the long-term prospects for this area are good."


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US employers add 214K jobs; rate dips to 5.8 pct.

WASHINGTON — Three days after voters registered their sourness about the U.S. economy, the government said Friday that employers added a solid 214,000 jobs in October, extending the steadiest pace of job growth in nearly 20 years.

In addition, a combined 31,000 more jobs were added in August and September than the government had previously estimated. Employers have now added at least 200,000 jobs for nine straight months — the longest such stretch since 1995.

The burst of hiring lowered the unemployment rate to 5.8 percent from 5.9 percent. It is the lowest rate since July 2008.

"This was a great month for the American labor market," said James Marple, an economist at TD Bank. "The U.S. job engine is not just chugging along; it is gaining speed."

At the same time, Americans' average hourly pay rose only slightly last month, a negative note in an otherwise solid report. Stagnant wages have been a chronic weakness in the job market since the recession officially ended more than five years ago.

Voters listed the economy as their top concern in Tuesday's elections, and the sluggish pace of pay growth is a likely factor. Average hourly pay rose 3 cents in October to $24.57. That's just 2 percent above the average wage 12 months earlier and barely ahead of a 1.7 percent inflation rate.

Still, the streak of consistently healthy job growth is highlighting a disconnect between the U.S. economy's steady gains and stumbling economies overseas. Europe is on the brink of its third recession in the past seven years. Growth in China and Japan has weakened.

That's why the U.S. Federal Reserve has finally begun to ratchet back its economic stimulus while other central banks, like the European Central Bank and the Bank of Japan, have been ramping up their efforts to fuel growth. Though the United States is a vital trading partner for other major nations, few think the U.S. expansion will be enough to help rejuvenate economies abroad.

Last month, the brightening U.S. jobs picture led more people to start looking for work. The percentage of Americans who either have a job or are looking for one rose in October to 62.8 percent. And 267,000 people who had been out of work said they were now employed. Their hiring reduced the number of unemployed to just under 9 million.

The job gains were broad-based, though many lower-paying industries posted especially large increases. Retailers added 27,100 jobs. Restaurants, hotels and entertainment firms gained 52,000.

Some higher-paying industries also showed progress. Manufacturers added 15,000 jobs, up from 9,000 the previous month. Transportation and shipping companies gained 13,300. And professional and business services, which includes accountants, engineers and other higher-skilled fields, added 37,000.

XPOLogistics, a shipping company, has hired 250 people in the past three months and has 300 open jobs. The company connects manufacturers, retailers and other firms that need shipping with independent trucking firms. It has opened a new office in Kansas City, Missouri, where it plans to hire 125 people.

Scott Malat, the company's chief strategy officer, said that rising manufacturing output has helped drive growth.

"The economy has been better, and that plays right into our hands," he said.

Analysts say the economic expansion remains strong enough to support the current pace of hiring. Over the past six months, the economy has grown at a 4.1 percent annual rate.

U.S. manufacturers are expanding at the fastest pace in three years, according to a survey by the Institute for Supply Management, a trade group. A measure of new orders showed that factory output will likely continue to grow in coming months. A separate survey by the ISM found that retailers, restaurants and other service companies grew at a healthy pace last month.

Home sales rose in September at their fastest rate this year, a sign that housing could pick up after a sluggish performance for most of this year.

Still, faltering global growth could create trouble for the U.S. economy in the months ahead. Exports fell in September, the government said this week, widening the trade deficit. That led many economists to shave their predictions of economic growth in the July-September quarter to an annual rate of 3 percent or less, down from the government's initial estimate of 3.5 percent.

___

Contact Chris Rugaber at http://Twitter.com/ChrisRugaber .


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AG probes hospital closure plan

The Attorney General's Office is investigating whether Steward Health Care System violated the terms of a 2011 agreement when it announced yesterday that Quincy Medical Center will shut down operations by the end of the year, a spokesman said.

"We have just been notified about this decision and are currently reviewing it in the context of Steward's legal obligations," said Brad Puffer, a spokesman for Attorney General Martha Coakley.

When Steward bought the 196-bed Quincy hospital in a bankruptcy auction in 2011, it signed an agreement with Coakley that included a 10-year "No Close Period" requiring that it "maintain an acute care hospital in Quincy providing at least the same scope of services as Quincy Medical Center currently provides."

Steward could close Quincy Medical in the last three-and-a-half years of that 10-year period if it could show the hospital "experienced two consecutive fiscal years of negative operating margins" and provide the state's Department of Public Health with "at least 18 months prior written notice of its intent to close," according to the agreement.

A Steward spokeswoman declined to comment when asked about the no-close clause last night.

The Quincy hospital, which has 680 employees, reported a $19.7 million loss last year and has projected a $20 million loss for 2014.

"This positions us to be stronger," said Dr. Mark Girard, president of Steward Hospitals. "Quincy Medical Center has been losing about $20 million (annually) and ... that $20 million comes from the other hospitals in diversion of resources. So, to the extent that we're not diverting those resources, we're allowed to reinvest in our other locations."

Quincy Medical Center's financial losses, Girard said, forced Steward Hospitals to delay the development of an emergency room at Morton Hospital in Taunton and stalled construction projects at Carney Hospital in Dorchester and Holy Family Hospital at Merrimack Valley in Haverhill.

"Health care has evolved ... technology allows you to do a lot of things that historically required inpatient care or extended inpatient care that now you can do either in one day or out of the hospital altogether," Girard said. "That's one big trend that we're all facing and certainly one that has been part of the issue for Quincy Medical Center."


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Cambridge company gets orphan-drug status

The Food and Drug Administration has given Cambridge-based Merrimack Pharmaceuticals' second treatment for pancreatic cancer orphan-drug status, a designation that entitles therapies for rare diseases to tax credits and seven years of market exclusivity if the FDA approves them.

The drug, MM-141, blocks two proteins from signaling the survival of cancer cells, thereby making chemotherapy more effective at killing them, said Ulrik Nielsen, Merrimack's chief scientific officer.

"When tumor cells don't continue to get survival signals, they die on their own when you treat them with chemo," Nielsen said.

The drug, which will begin testing in pancreatic cancer patients next year, could hold promise for the 46,000 people diagnosed each year in the U.S., 40,000 of whom die, typically because they don't respond well to chemotherapy.

Merrimack's other pancreatic cancer drug, MM-398, has completed its final phase of testing in patients, he said. The company is filing for FDA approval for that drug, which also has orphan-drug status.


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State eyes fee hikes on beaches, rinks, parks

It's going to get more expensive to hit the beach, rent ice time and camp on state property in Massachusetts under proposed fee changes that also include new charges for other activities.

The Department of Conservation and Recreation hasn't raised its fees since 2008 for day-use areas such as state parks, 2007 for ice rinks and 2003 for campgrounds, according to spokesman Bill Hickey. It's holding public hearings this month on the proposed changes, which would take effect next year.

"Even with these proposed modest increases, Massachusetts will be on the lower end of the median when compared to other New England state park fees," Hickey said.

MassParks Passes, which cover parking for a year at DCR properties including beaches, would jump from $35 to $60 for residents and from $45 to $85 for nonresidents.

Nonresidents using DCR properties also face new charges that are higher than those proposed for Bay Staters. DCR cabin rentals in state forests, for example, would rise from $30 per day for a one-room cabin for all campers to $50 for residents and $55 for nonresidents.

Daily coastal campsite fees, meanwhile, would increase from $15 to $22 for residents, and from $17 to $27 for nonresidents. Electric and water hookups would double to $6 and $4 per day.

Ice rink rentals would jump between $15 and $25 in peak season, to $200 to $250 per 50 minutes.

Among the proposed new fees are $50 per day for group picnic areas, $250 to $2,000 per day for outdoor venue rentals for company events at a DCR property, and $250 per day for commercial film productions.


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Foxwoods sees new mall as competition for visitors

MASHANTUCKET, Conn. — Foxwoods Resort Casino says the mall it's building will ratchet up the competition for gamblers and shoppers being lured by Massachusetts.

Rodney Butler, chairman of the Mashantucket Pequot Tribal Council that runs Foxwoods in eastern Connecticut, said the $120 million Tanger Outlets will set Foxwoods apart. He says casinos planned in Massachusetts will be "spectacular," but will not offer shopping.

Mashantucket and Foxwoods officials offered a tour of the mall construction site Thursday. They estimate the outlet center will draw 3 million to 4 million more people a year.

The opening is set for May 21, 2015.

Stores will include Nike, American Eagle Outfitters, Ann Taylor Factory Store, Banana Republic Factory Store and several others.

Massachusetts awarded the first resort casino licenses Thursday to Wynn Resorts in Everett and MGM Resorts International in Springfield.


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Jon Stewart sells New York City penthouse off-market

As far as we can tell, the eagle-eyed real estate gossips at The Real Deal were the first to sort out and report that Jon Stewart surreptitiously sold his suburban macmansion-sized duplex penthouse in lower Manhattan's trendy and trés pricey TriBeCa 'hood in an off-market deal for $17.5 million.

The buyer was identified in earlier reports as a corporate entity (Kliban LLC) that Your Mama quickly and easily linked through publicly accessible property records and other documentation to a big wig executive at a major hedge fund operation and his former Miss India finalist turned actress, fashion designer and film producer wife.

SELLER: Jon Stewart
LOCATION: New York, NY
PRICE: $17,500,000
SIZE: (approx.) 6,000 square feet

Property records indicate the sassy, sharp-witted and savvy satirist, political pundit and comedian paid $5.8 million for the approximately 6,000 square foot duplex in March 2005. When Mister Stewart and his missus, Tracey McShane, acquired the penthouse it was open, raw space with, as per digital marketing materials from the time, 40 windows, three exposures (north, west and east), a couple of massive sky lights, three bathroom spaces, a 600-square-foot terrace on the lower level and a 1,200-square-foot roof terrace with open city views.

An October 2005 blurb in the New York Observer, thoughtfully relayed to Your Mama by a snitch we'll call Candy Apples, revealed that Mister Stewart engaged the services of masterful minimalist architect Deborah Berke to transform the blank slate penthouse in to a comfortable family residence. According to the architect's website, the massive urban aerie was finished with high-grade materials that include wide plank reclaimed oak floors stained a luscious chocolate-brown, jatoba wood cabinetry and bookshelves, brushed stainless steel upper cabinetry in the kitchen and statuary-grade marble counter tops.

Prior to buying the TriBeCa penthouse -- in the same building where Jeremy Piven also owns an apartment -- Mister Stewart owned another, much smaller 2,200-square-foot-plus apartment in Greenwich Village he bought in April 2002 for $2.612 million and sold in late 2005 for $3,995,000 to wickedly rich fashion designer Michael Kors.

In late 2009 he paid $3.8 million for a 1.26-acre estate with a nearly 5,000-square-foot home on the Navesink River in Red Bank, NJ, and as far as this property gossip can tell he continues to own a relatively humble home in the Hamptons near Sag Harbor, NY, that he picked up over the summer of 2000 for $675,000.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Boston contest to combat rising sea levels

Written By Unknown on Sabtu, 01 November 2014 | 00.32

Boston is launching an international design competition to come up with solutions to combat rising sea levels after narrowly averting catastrophic flooding from Hurricane Sandy two years ago and two more recent powerful storms.

Mayor Martin J. Walsh yesterday announced "Living with Water" — a program that will solicit ideas to address three threats posed by encroaching sea levels to the city:

• How to safeguard the 97-year-old Prince Building in the North End.

• The best way to redevelop Fort Point, an area undergoing significant construction.

• Devising a plan to address the recurring flooding on Morrissey Boulevard in Dorchester.

"There's no issue more urgent in a lot of ways than climate action," Walsh said. "We need to do everything possible."

A jury of architects, civic planners and city officials will award $20,000 to the best submission, which is due by the end of January.

"We need to take this challenge and these lessons and really turn it into something real," said Keiros Shen, director of planning for the Boston Redevelopment Authority and a jury member.

Walsh also announced a climate change summit next spring when state and regional leaders will come up with potential solutions to climate change.

Any of the Boston area's three near-misses with major storms in recent years would have caused "100-year floods" if they had hit hours earlier or later, according to Brian Swett, the Hub's chief of environment, energy and open space.

Cambridge City Manager Richard Rossi said, "If we don't act regionally, we're not going to solve these problems."


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Insurers unsure on transgender care

Four months after the state Division of Insurance put health plans on notice that denying medically necessary treatment to transgender people is prohibited sex discrimination, insurers are still grappling with what constitutes medical necessity, and patients are struggling to find doctors who'll treat them.

In a state world-renowned for its medical talent, no Massachusetts physician performs genital gender reassignment surgery, said Elizabeth M. Murphy of the Massachusetts Association of Health Plans.

"We were concerned people were having to go all over the country for this surgery," Dr. Joel Rubenstein of Harvard Pilgrim Health Care said yesterday at a Division of Insurance informational session. "We're hopeful somebody would step up to put together the surgical piece so it could all be in one place."

Under state law, health plans are required to develop evidence-based medical necessity guidelines for such procedures.

"We are determined to ... not exclude treatment for this condition," Rubenstein said.

On the other hand, he said, Harvard Pilgrim does not want to approve procedures such as facial feminization for transgender people if those procedures would be considered merely cosmetic for other people.

"If we cover them for transgender patients, we would be being reverse-discriminatory," said Dr. Robert Nierman, medical director at Tufts Health Plan.

But Ruben Hopwood of Fenway Health said facial feminization is not about wanting a "cuter nose." A transgender person's appearance is more likely to be the difference between getting a job or not getting one, and walking down the street unafraid or being attacked, Hopwood said.

Getting the proper treatment also can save money that might otherwise be spent on treatment for alcohol or substance abuse or depression, said Pam Klein, a nurse at Boston Health Care for the Homeless.


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The Ticker

Federal Reserve ends bond-buying program

The Federal Reserve cited an improving economy yesterday as it ended its landmark bond-buying program and pointed to gains in the job market — a key condition for an eventual interest rate hike.

The Fed did reiterate its plan to maintain its benchmark short-term rate near zero "for a considerable time." Most economists predict it won't raise that rate, which affects many consumer and business loans, before mid-2015.

Planned Seaport 10-screen theater complex applies for liquor license

Chicago-based Kerasotes ShowPlace Theatres has applied for a liquor license for its upscale 10-screen ShowPlace ICON Theatre at the One Seaport Square development to be built in South Boston's Seaport District.

The movie theater is slated to include reserved seating and a lobby lounge serving alcoholic drinks.

A groundbreaking is scheduled for next month on the 1.1-million-square-foot One Seaport Square, which will include two 22-story apartment and retail towers. Kerasotes has a 20-year lease and will occupy about 41,375 square feet of third-floor space.

Boston Medical Center sells 3 buildings

Boston Medical Center announced yesterday it has reached an agreement to sell three buildings to Leggat McCall Properties: 660 Harrison Ave., 100 East Canton St. and 720 Harrison Ave. The agreement also includes an option for Leggat McCall to purchase 88 East Newton St. in three years. BMC will continue to occupy buildings included in the sale for varying amounts of time, consistent with clinical and administrative needs, while it completes its planned campus redesign.

Today

 Labor Department releases weekly jobless claims.

 Commerce Department releases third-quarter gross domestic product.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

TOMORROW

 Commerce Department releases personal income and spending for September.

 Labor Department releases the third-quarter employment cost index.

THE SHUFFLE

The Harpoon Brewery in Boston has announced the promotion of Charlie Storey to president. Since joining Harpoon in 1996, Storey has served as senior vice president of marketing. In his new role Storey will oversee the marketing function, Harpoon's retail and festival enterprises, and have general management responsibilities for the Harpoon Distributing Co.

 George Donnelly is stepping down as executive editor of the Boston Business Journal after 14 years in the role.


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