http://bostonherald.com/feed/4 en http://bostonherald.com/business/business_markets/2013/09/pope_offers_hope_to_sardinias_poor_unemployed <p>CAGLIARI, Sardinia — Pope Francis denounced what he called big business's idolatry of money as he traveled Sunday to one of Italy's poorest regions to offer hope to the unemployed and entrepreneurs struggling to hang on.</p><p>"Where there is no work, there is no dignity," he said.</p><p>Francis left aside his prepared remarks and spoke off the cuff to thousands of people in Sardinia's capital, telling them he knew well what it was like to suffer from financial crisis. He recalled that his Italian parents, who immigrated to Argentina before he was born, spoke about it often at home.</p> Business & Markets Sun, 22 Sep 2013 13:19:58 -0400 Associated Press 1063310211 http://bostonherald.com/business/business_markets/2013/09/ap_records_show_maine_gov_tried_to_jam_wind_plan <p>AUGUSTA, Maine — Before its public push to have Maine reconsider wind energy proposals, Gov. Paul LePage's administration worked behind the scenes to explicitly derail Norwegian company Statoil's multimillion-dollar agreement with the state for an offshore wind project, according to documents obtained by The Associated Press.</p> Business & Markets Sun, 22 Sep 2013 12:16:28 -0400 Associated Press 1063310861 http://bostonherald.com/business/technology/technology_news/2013/09/casinos_tap_intelligence_network_to_beat_cheaters <p>UNCASVILLE, Conn. — The man at the poker table had a ball cap pulled down almost to his nose, but his glance up at a television screen revealed a familiar face to Mohegan Sun's surveillance cameras: A photograph of the known card cheater had been sent by bulletin to casinos around the country.</p><p>Within hours, the bettor was arrested, accused of marking cards with invisible ink.</p><p>"The officer who identified him, basically she had a 'Holy crap!' moment," said Jay Lindroos, the casino's surveillance director. "She saw the face and said, 'I recognize that guy!'"</p> Technology News Sun, 22 Sep 2013 11:11:22 -0400 Associated Press 1063310971 http://bostonherald.com/business/business_markets/2013/09/venezuelas_president_in_china_signs_agreements <p>BEIJING — China and Venezuela signed several agreements Sunday during a visit by the Venezuelan president that is meant to strengthen economic ties between the South American nation and its leading creditor.</p><p>President Nicolas Maduro told his Chinese counterpart, Xi Jinping, that the main goal of his trip was to further consolidate and expand the strategic partnership between the two countries that late President Hugo Chavez began with Chinese leaders. Chavez died in March after 14 years in power.</p> Business & Markets Sun, 22 Sep 2013 10:22:01 -0400 Associated Press 1063310456 http://bostonherald.com/business/business_markets/2013/09/greece_resumes_talks_with_its_creditors <p>ATHENS, Greece — Greece has resumed talks with the so-called troika of creditors — the European Commission, the European Central Bank and the International Monetary Fund — to review progress in stabilizing the indebted country's finances.</p> Business & Markets Sun, 22 Sep 2013 08:57:34 -0400 Associated Press 1063310511 http://bostonherald.com/business/technology/technology_news/2013/09/computer_mishap_delays_space_station_supply_ship <p>CAPE CANAVERAL, Fla. — A brand new commercial cargo ship making its orbital debut experienced trouble with a computer data link Sunday, and its arrival at the International Space Station was delayed at least two days.</p><p>The rendezvous was aborted less than six hours before the scheduled arrival of Orbital Sciences Corp.'s Cygnus capsule, packed with 1,300 pounds of food and clothes for the space station crew.</p><p>The Virginia-based company said it is working on a software repair, but it will be at least two more days until another approach is attempted.</p> Technology News Sun, 22 Sep 2013 07:17:08 -0400 Associated Press 1063310376 http://bostonherald.com/business/business_markets/2013/09/co_shows_how_garden_grows <p>Before this fall, Samantha Swanick had eaten vegetables many times, but the 8-year-old had never thought she would actually grow one.</p><p>"After a few days, you can see them get bigger and bigger," she said Friday at Centerville Elementary School in Beverly, where she and other third-graders carefully tend to three, raised-bed, organic vegetable gardens each week. "You have to put the tall stuff like tomatoes in the back and the small stuff in the front so all of them can have sun and grow. I like the lettuce."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063308361 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_a_record_65b_fundraising_campaign <p>Harvard University launched a $6.5 billion fundraising campaign yesterday, an effort that — if successful — will be the biggest fundraiser ever in higher education and will allow the Cambridge university to expand its mission, the university said.</p><p>"No institution of higher education has a more exciting opportunity for innovative growth," Harvard President Drew Gilpin Faust told an audience of university officials, alumni and donors. "This campaign must help us support the structures and modes of academic inquiry."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Jordan Graham 1063308471 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_65_billion_capital_campaign <p>BOSTON — Harvard University launched a $6.5 billion capital campaign Saturday that, if successful, would be the largest fundraising effort in the history of higher education.</p><p>The school said the campaign had broad goals spanning all its schools and would fund research into neuroscience, stem cell science and low-cost energy for the developing world.</p><p>The campaign would target major renovations of the university's undergraduate housing and increase its study of new learning and teaching strategies.</p> Business & Markets Sat, 21 Sep 2013 19:02:35 -0400 Associated Press 1063306361 http://bostonherald.com/business/business_markets/2013/09/wal_mart_driver_honored_for_4_million_accident_free_miles <p>LITTLE ROCK, Ark. — A long-distance truck driver for Wal-Mart has been recognized for traveling 4 million miles without an accident.</p><p>Warren Greeno of Loveland, Colo., reached the milestone this year. Today, Wal-Mart executives in Arkansas presented him with a new rig painted red.</p><p>The 59-year-old rolled up the mileage over 31 years and four months, an average of about 500 miles each working day.</p><p>Greeno said in an interview this week that there were half-dozen near-collisions. He said he waited for "the thump and the crash" but they never came.</p> Business & Markets Sat, 21 Sep 2013 15:49:52 -0400 Associated Press 1063306511 http://bostonherald.com/business/business_markets/2013/09/west_hollywood_institutes_nations_first_fur_ban <p>WEST HOLLYWOOD, Calif. — West Hollywood is now the only city in America where it's a crime to sell fur apparel.</p><p>The Los Angeles Times reports that after years of debate, the ban took effect Saturday.</p><p>It only applies to apparel that's made to be worn, such as shoes, hats and gloves. Ugg boots can't be sold because they contain shearling, a sheepskin or lambskin pelt that's had limited shearing.</p><p>The Southern California city calls itself a cruelty-free zone for animals and is famous for animal-friendly laws.</p> Business & Markets Sat, 21 Sep 2013 15:11:44 -0400 Associated Press 1063306406 http://bostonherald.com/business/business_markets/2013/09/chiquita_seeks_dismissal_in_colombian_case <p>MIAMI — Faced with potentially billions of dollars in legal liability, Chiquita Brands International is asking a federal appeals court to block lawsuits filed against it in the U.S. by thousands of Colombians whose relatives were killed in that country's bloody, decades-long civil war.</p> Business & Markets Sat, 21 Sep 2013 13:57:43 -0400 Associated Press 1063305776 http://bostonherald.com/business/business_markets/2013/09/russia_warns_ukraine_against_eu_deal <p>YALTA, Ukraine — A top Russian official on Saturday warned Ukraine against signing a landmark trade and cooperation agreement with the European Union, saying Moscow would retaliate with trade restrictions that could push this ex-Soviet republic toward default.</p> Business & Markets Sat, 21 Sep 2013 11:10:22 -0400 Associated Press 1063305806 http://bostonherald.com/business/business_markets/2013/09/gunmans_employer_sought_navy_consulting_work <p>WASHINGTON — A little more than 24 hours after an IT contractor shot dozen workers at the Washington Navy Yard, the company's CEO told the Navy secretary he had the experience to help improve military security.</p><p>The email from The Experts chief Thomas Hoshko, which included descriptions of his background and expertise, stunned some Navy leaders in the wake of the shootings Monday that left 13 people dead, including the gunman, former Navy reservist Aaron Alexis.</p> Business & Markets Sat, 21 Sep 2013 11:03:33 -0400 Associated Press 1063305866 http://bostonherald.com/business/business_markets/2013/09/microloans_surging_in_silicon_valley <p>SAN JOSE, Calif. — A daycare provider needed cribs and high chairs. A coffee truck needed a generator. A couple renting party supplies needed to move into a storefront.</p><p>When these Silicon Valley small businesses needed cash, and fast, they didn't find help at a bank. They turned instead to a type of financing more commonly associated with buying a sewing machine for a Guatemalan tailor or a tractor for an African farmer.</p><p>Microlending, a decades old form of financing for the world's poorest, is now booming in Silicon Valley.</p> Business & Markets Sat, 21 Sep 2013 10:51:07 -0400 Associated Press 1063305801 http://bostonherald.com/business/business_markets/2013/09/uk_charges_4_in_cyber_theft_from_barclays_bank <p>LONDON — British police have charged four men in connection with the theft of 1.3 million pounds ($2.1 million) from a Barclays Bank branch.</p><p>The men — aged between 26 and 47 — were arrested Friday and accused of installing a device on the bank's computer system made it possible to carry out the cyber theft.</p><p>Police said cash, jewels and thousands of credit cards were found in related searches of addresses in the greater London area.</p> Business & Markets Sat, 21 Sep 2013 04:59:08 -0400 Associated Press 1063305441 http://bostonherald.com/business/business_markets/2013/09/bay_state_defense_firms_get_work_despite_cuts <p>Massachusetts companies that work with the U.S. Defense Department are still getting contracts in spite of federal budget cuts, but the firms say those contracts tend to be smaller.</p><p>The Defense Department this week announced more than $865 million in contracts, including $9.9 million to Boston Dynamics of Waltham for work on the Legged Squad Support System, or LS3, a legged robot to help service members carry their gear, following them through rugged terrain and interpreting verbal and visual commands.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063304391 http://bostonherald.com/business/real_estate/2013/09/cambridge_penthouse_could_be_your_castle <p>This four-bedroom duplex penthouse condo, the home of former Channel 4 meteorologist Mish Michaels, features a dramatic sweeping staircase that joins what were two separate units.</p><p>Part of the 113-unit Bay Square condo complex built in 1989, Michaels and her husband, Wes Atamian, combined two units in 2006 to create a showpiece custom-designed penthouse highlighted by a dramatic two-story vaulted turret with a living area overlooking a great room connected by a curving metal staircase.</p> Real Estate Sat, 21 Sep 2013 00:00:00 -0400 Paul Restuccia 1063304401 http://bostonherald.com/business/business_markets/2013/09/mit_study_us_needs_to_step_up_manufacturing <p>The nation's booming innovation economy is in danger of losing steam and moving overseas unless there is a significant increase in manufacturing in the U.S., according to a new study from the Massachusetts Institute of Technology, but Massachusetts is poised to take advantage of such an increase, a state official says.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Jordan Graham 1063304411 http://bostonherald.com/business/business_markets/2013/09/colonial_drug_departs_from_harvard_square <p>Another vestige of the much lamented Harvard Square of old will close its doors today.</p><p>Colonial Drug, known for its stock of more than 1,000 fragrances, is relocating after 66 years on Brattle Street to combine with the Stoddard's cutlery store in Newton at month's end.</p><p>"We did business with (Stoddard's owner David Marks') father, and his grandfather did business with our father," co-owner J.P. Botindari said. "We said someday we should get together, and we are. We complement each other."</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Donna Goodison 1063304531
http://bostonherald.com/feed/4 en http://bostonherald.com/business/business_markets/2013/09/pope_offers_hope_to_sardinias_poor_unemployed <p>CAGLIARI, Sardinia — Pope Francis denounced what he called big business's idolatry of money as he traveled Sunday to one of Italy's poorest regions to offer hope to the unemployed and entrepreneurs struggling to hang on.</p><p>"Where there is no work, there is no dignity," he said.</p><p>Francis left aside his prepared remarks and spoke off the cuff to thousands of people in Sardinia's capital, telling them he knew well what it was like to suffer from financial crisis. He recalled that his Italian parents, who immigrated to Argentina before he was born, spoke about it often at home.</p> Business & Markets Sun, 22 Sep 2013 13:19:58 -0400 Associated Press 1063310211 http://bostonherald.com/business/business_markets/2013/09/ap_records_show_maine_gov_tried_to_jam_wind_plan <p>AUGUSTA, Maine — Before its public push to have Maine reconsider wind energy proposals, Gov. Paul LePage's administration worked behind the scenes to explicitly derail Norwegian company Statoil's multimillion-dollar agreement with the state for an offshore wind project, according to documents obtained by The Associated Press.</p> Business & Markets Sun, 22 Sep 2013 12:16:28 -0400 Associated Press 1063310861 http://bostonherald.com/business/technology/technology_news/2013/09/casinos_tap_intelligence_network_to_beat_cheaters <p>UNCASVILLE, Conn. — The man at the poker table had a ball cap pulled down almost to his nose, but his glance up at a television screen revealed a familiar face to Mohegan Sun's surveillance cameras: A photograph of the known card cheater had been sent by bulletin to casinos around the country.</p><p>Within hours, the bettor was arrested, accused of marking cards with invisible ink.</p><p>"The officer who identified him, basically she had a 'Holy crap!' moment," said Jay Lindroos, the casino's surveillance director. "She saw the face and said, 'I recognize that guy!'"</p> Technology News Sun, 22 Sep 2013 11:11:22 -0400 Associated Press 1063310971 http://bostonherald.com/business/business_markets/2013/09/venezuelas_president_in_china_signs_agreements <p>BEIJING — China and Venezuela signed several agreements Sunday during a visit by the Venezuelan president that is meant to strengthen economic ties between the South American nation and its leading creditor.</p><p>President Nicolas Maduro told his Chinese counterpart, Xi Jinping, that the main goal of his trip was to further consolidate and expand the strategic partnership between the two countries that late President Hugo Chavez began with Chinese leaders. Chavez died in March after 14 years in power.</p> Business & Markets Sun, 22 Sep 2013 10:22:01 -0400 Associated Press 1063310456 http://bostonherald.com/business/business_markets/2013/09/greece_resumes_talks_with_its_creditors <p>ATHENS, Greece — Greece has resumed talks with the so-called troika of creditors — the European Commission, the European Central Bank and the International Monetary Fund — to review progress in stabilizing the indebted country's finances.</p> Business & Markets Sun, 22 Sep 2013 08:57:34 -0400 Associated Press 1063310511 http://bostonherald.com/business/technology/technology_news/2013/09/computer_mishap_delays_space_station_supply_ship <p>CAPE CANAVERAL, Fla. — A brand new commercial cargo ship making its orbital debut experienced trouble with a computer data link Sunday, and its arrival at the International Space Station was delayed at least two days.</p><p>The rendezvous was aborted less than six hours before the scheduled arrival of Orbital Sciences Corp.'s Cygnus capsule, packed with 1,300 pounds of food and clothes for the space station crew.</p><p>The Virginia-based company said it is working on a software repair, but it will be at least two more days until another approach is attempted.</p> Technology News Sun, 22 Sep 2013 07:17:08 -0400 Associated Press 1063310376 http://bostonherald.com/business/business_markets/2013/09/co_shows_how_garden_grows <p>Before this fall, Samantha Swanick had eaten vegetables many times, but the 8-year-old had never thought she would actually grow one.</p><p>"After a few days, you can see them get bigger and bigger," she said Friday at Centerville Elementary School in Beverly, where she and other third-graders carefully tend to three, raised-bed, organic vegetable gardens each week. "You have to put the tall stuff like tomatoes in the back and the small stuff in the front so all of them can have sun and grow. I like the lettuce."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063308361 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_a_record_65b_fundraising_campaign <p>Harvard University launched a $6.5 billion fundraising campaign yesterday, an effort that — if successful — will be the biggest fundraiser ever in higher education and will allow the Cambridge university to expand its mission, the university said.</p><p>"No institution of higher education has a more exciting opportunity for innovative growth," Harvard President Drew Gilpin Faust told an audience of university officials, alumni and donors. "This campaign must help us support the structures and modes of academic inquiry."</p> Business & Markets Sun, 22 Sep 2013 00:00:00 -0400 Jordan Graham 1063308471 http://bostonherald.com/business/business_markets/2013/09/harvard_launches_65_billion_capital_campaign <p>BOSTON — Harvard University launched a $6.5 billion capital campaign Saturday that, if successful, would be the largest fundraising effort in the history of higher education.</p><p>The school said the campaign had broad goals spanning all its schools and would fund research into neuroscience, stem cell science and low-cost energy for the developing world.</p><p>The campaign would target major renovations of the university's undergraduate housing and increase its study of new learning and teaching strategies.</p> Business & Markets Sat, 21 Sep 2013 19:02:35 -0400 Associated Press 1063306361 http://bostonherald.com/business/business_markets/2013/09/wal_mart_driver_honored_for_4_million_accident_free_miles <p>LITTLE ROCK, Ark. — A long-distance truck driver for Wal-Mart has been recognized for traveling 4 million miles without an accident.</p><p>Warren Greeno of Loveland, Colo., reached the milestone this year. Today, Wal-Mart executives in Arkansas presented him with a new rig painted red.</p><p>The 59-year-old rolled up the mileage over 31 years and four months, an average of about 500 miles each working day.</p><p>Greeno said in an interview this week that there were half-dozen near-collisions. He said he waited for "the thump and the crash" but they never came.</p> Business & Markets Sat, 21 Sep 2013 15:49:52 -0400 Associated Press 1063306511 http://bostonherald.com/business/business_markets/2013/09/west_hollywood_institutes_nations_first_fur_ban <p>WEST HOLLYWOOD, Calif. — West Hollywood is now the only city in America where it's a crime to sell fur apparel.</p><p>The Los Angeles Times reports that after years of debate, the ban took effect Saturday.</p><p>It only applies to apparel that's made to be worn, such as shoes, hats and gloves. Ugg boots can't be sold because they contain shearling, a sheepskin or lambskin pelt that's had limited shearing.</p><p>The Southern California city calls itself a cruelty-free zone for animals and is famous for animal-friendly laws.</p> Business & Markets Sat, 21 Sep 2013 15:11:44 -0400 Associated Press 1063306406 http://bostonherald.com/business/business_markets/2013/09/chiquita_seeks_dismissal_in_colombian_case <p>MIAMI — Faced with potentially billions of dollars in legal liability, Chiquita Brands International is asking a federal appeals court to block lawsuits filed against it in the U.S. by thousands of Colombians whose relatives were killed in that country's bloody, decades-long civil war.</p> Business & Markets Sat, 21 Sep 2013 13:57:43 -0400 Associated Press 1063305776 http://bostonherald.com/business/business_markets/2013/09/russia_warns_ukraine_against_eu_deal <p>YALTA, Ukraine — A top Russian official on Saturday warned Ukraine against signing a landmark trade and cooperation agreement with the European Union, saying Moscow would retaliate with trade restrictions that could push this ex-Soviet republic toward default.</p> Business & Markets Sat, 21 Sep 2013 11:10:22 -0400 Associated Press 1063305806 http://bostonherald.com/business/business_markets/2013/09/gunmans_employer_sought_navy_consulting_work <p>WASHINGTON — A little more than 24 hours after an IT contractor shot dozen workers at the Washington Navy Yard, the company's CEO told the Navy secretary he had the experience to help improve military security.</p><p>The email from The Experts chief Thomas Hoshko, which included descriptions of his background and expertise, stunned some Navy leaders in the wake of the shootings Monday that left 13 people dead, including the gunman, former Navy reservist Aaron Alexis.</p> Business & Markets Sat, 21 Sep 2013 11:03:33 -0400 Associated Press 1063305866 http://bostonherald.com/business/business_markets/2013/09/microloans_surging_in_silicon_valley <p>SAN JOSE, Calif. — A daycare provider needed cribs and high chairs. A coffee truck needed a generator. A couple renting party supplies needed to move into a storefront.</p><p>When these Silicon Valley small businesses needed cash, and fast, they didn't find help at a bank. They turned instead to a type of financing more commonly associated with buying a sewing machine for a Guatemalan tailor or a tractor for an African farmer.</p><p>Microlending, a decades old form of financing for the world's poorest, is now booming in Silicon Valley.</p> Business & Markets Sat, 21 Sep 2013 10:51:07 -0400 Associated Press 1063305801 http://bostonherald.com/business/business_markets/2013/09/uk_charges_4_in_cyber_theft_from_barclays_bank <p>LONDON — British police have charged four men in connection with the theft of 1.3 million pounds ($2.1 million) from a Barclays Bank branch.</p><p>The men — aged between 26 and 47 — were arrested Friday and accused of installing a device on the bank's computer system made it possible to carry out the cyber theft.</p><p>Police said cash, jewels and thousands of credit cards were found in related searches of addresses in the greater London area.</p> Business & Markets Sat, 21 Sep 2013 04:59:08 -0400 Associated Press 1063305441 http://bostonherald.com/business/business_markets/2013/09/bay_state_defense_firms_get_work_despite_cuts <p>Massachusetts companies that work with the U.S. Defense Department are still getting contracts in spite of federal budget cuts, but the firms say those contracts tend to be smaller.</p><p>The Defense Department this week announced more than $865 million in contracts, including $9.9 million to Boston Dynamics of Waltham for work on the Legged Squad Support System, or LS3, a legged robot to help service members carry their gear, following them through rugged terrain and interpreting verbal and visual commands.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Marie Szaniszlo 1063304391 http://bostonherald.com/business/real_estate/2013/09/cambridge_penthouse_could_be_your_castle <p>This four-bedroom duplex penthouse condo, the home of former Channel 4 meteorologist Mish Michaels, features a dramatic sweeping staircase that joins what were two separate units.</p><p>Part of the 113-unit Bay Square condo complex built in 1989, Michaels and her husband, Wes Atamian, combined two units in 2006 to create a showpiece custom-designed penthouse highlighted by a dramatic two-story vaulted turret with a living area overlooking a great room connected by a curving metal staircase.</p> Real Estate Sat, 21 Sep 2013 00:00:00 -0400 Paul Restuccia 1063304401 http://bostonherald.com/business/business_markets/2013/09/mit_study_us_needs_to_step_up_manufacturing <p>The nation's booming innovation economy is in danger of losing steam and moving overseas unless there is a significant increase in manufacturing in the U.S., according to a new study from the Massachusetts Institute of Technology, but Massachusetts is poised to take advantage of such an increase, a state official says.</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Jordan Graham 1063304411 http://bostonherald.com/business/business_markets/2013/09/colonial_drug_departs_from_harvard_square <p>Another vestige of the much lamented Harvard Square of old will close its doors today.</p><p>Colonial Drug, known for its stock of more than 1,000 fragrances, is relocating after 66 years on Brattle Street to combine with the Stoddard's cutlery store in Newton at month's end.</p><p>"We did business with (Stoddard's owner David Marks') father, and his grandfather did business with our father," co-owner J.P. Botindari said. "We said someday we should get together, and we are. We complement each other."</p> Business & Markets Sat, 21 Sep 2013 00:00:00 -0400 Donna Goodison 1063304531
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