Business & Markets - Business - BostonHerald.com

Harvard to cut professors

Sat, 21 Nov 2009 11:29:48 -0500

Still reeling from the endowment-fund hit it took last year, Harvard University is looking to reduce the number of professors within its arts-and-sciences faculty. A...

Mexico says new data reflect economic recovery

Sat, 21 Nov 2009 08:57:44 -0500

MEXICO CITY - Rising oil prices and increased exports are slowly dragging Mexico's economy out of a severe recession, but the nation's financial system still confronts...

Goldman gets turkey day garbage detail

Fri, 20 Nov 2009 22:48:48 -0500

The Salvation Army plans to serve 10,000 free turkey dinners across New York City this Thanksgiving - meals planned by a star chef, cooked by a ritzy caterer and cleaned up...

Pumpkin stock OK at stores

Fri, 20 Nov 2009 22:40:47 -0500

Thanksgiving might be as easy as pie after all. Despite a potential shortage of pumpkin pie filling, local supermarkets and bakeries say they stocked up and should have...

The Ticker

Fri, 20 Nov 2009 22:28:38 -0500

Brigham's meltdown The Brigham's restaurant chain, owned by Luke Cooper of Baltimore's Deal Metrics, did not file for bankruptcy as expected....

Stocks fall for 3rd day as dollar strengthens

Fri, 20 Nov 2009 17:49:27 -0500

NEW YORK - The stock market ended a down week with light selling as investors grew uneasy about a rising dollar and spiking demand for the safest government debt. After...

TD Bank named in lawsuit connected to $100M fraud probe

Fri, 20 Nov 2009 17:43:54 -0500

MIAMI -Investors claiming they were fleeced by a high-profile attorney filed a $100 million lawsuit Friday contending that the lawyer orchestrated a massive Ponzi scheme with...

J.M. Smucker 2nd-quarter profit soars on coffee

Fri, 20 Nov 2009 17:41:45 -0500

PORTLAND, Ore. - J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices for...

Texas high court to rehear Exxon sabotage case

Fri, 20 Nov 2009 15:21:50 -0500

DALLAS - The Texas Supreme Court will again hear arguments in a 15-year legal battle over accusations that Exxon Mobil sabotaged abandoned wells to prevent others from using...

Natural gas plunges 12 percent this month

Fri, 20 Nov 2009 14:29:05 -0500

NEW YORK - Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners...

With fuel demand week, refineries shutting down

Fri, 20 Nov 2009 13:58:42 -0500

WILMINGTON, Del. - Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down...

Bay State outshined in fight to lure solar factories

Fri, 20 Nov 2009 12:03:04 -0500

What does Arizona have that Massachusetts doesn't? Well, when it comes to solar power, Arizona has lots of sunshine and close proximity to the biggest solar market...

Breakdown at Brigham's chain

Fri, 20 Nov 2009 11:02:50 -0500

News of a looming bankruptcy filing by the Brigham's restaurant chain didn't come as a surprise to some of its workers. Employees were paid irregularly and...

Ohio AG sues credit agencies over mortgage-backed securities ratings

Fri, 20 Nov 2009 10:58:32 -0500

COLUMBUS, Ohio - Ohio's attorney general has sued the three credit ratings agencies alleging that they gave unjustifiably high ratings to mortgage-backed securities that...

Downbeat Dell weighs on world markets

Fri, 20 Nov 2009 10:29:41 -0500

LONDON - World stock markets fell Friday amid mounting concerns about the pace of the U.S. economic recovery following a disappointing earnings update from computer maker...

Govenor to retailers: Sales-tax holiday may return in '10

Thu, 19 Nov 2009 22:17:37 -0500

Gov. Deval Patrick offered a little hope yesterday for Bay State retailers that have been struggling through a year and a half of sales declines, but they'll have to...

Newbury vitamin company gets boost with Donald Trump as partner

Thu, 19 Nov 2009 22:15:05 -0500

The Trump brand has long been affiliated with gold-plated high rises, glittering casinos and oversized egos. Now it's linked to a Massachusetts-based vitamin and...

Ames hotel opens in Boston

Thu, 19 Nov 2009 22:13:51 -0500

Morgans Hotel Group celebrated the opening of the Ames, a 114-room hotel featuring the Woodward restaurant-bar, at 1 Court St. in Boston last night. Morgans is offering...

Dunkin' Donuts: Turkey Day is for naps

Thu, 19 Nov 2009 22:09:31 -0500

Dunkin' Donuts plans to keep many of its coffee shops open until 2 p.m. on Thanksgiving, in case anyone needs a caffeine boost after eating a big turkey dinner. ...

Jobs scene looks up

Thu, 19 Nov 2009 22:05:51 -0500

The Massachusetts economy continued its roller-coaster ride last month as the state's jobless rate plunged to 8.9 percent after lurching upward to 9.3 percent in September. ...

The Ticker

Thu, 19 Nov 2009 20:43:18 -0500

Taunton verdict A jury says the city of Taunton must pay $5.3 million for some 70 acres of private land taken by eminent domain for conservation use...

Woman awarded $3M in assault claim against KBR

Thu, 19 Nov 2009 17:33:18 -0500

HOUSTON - A woman who claimed she was raped in 2005 while working in Iraq for a former Halliburton Co. subsidiary has been awarded nearly $3 million by an arbitrator to settle...

Dell profit falls 54 pct amid PC slump

Thu, 19 Nov 2009 17:14:11 -0500

SAN FRANCISCO - Dell Inc. said today that its net income dropped 54 percent in the latest quarter and amid signs the company isn't fully benefiting from the computer...

Republicans berate Geithner, call for him to resign

Thu, 19 Nov 2009 16:44:02 -0500

WASHINGTON - Like a boxer under siege, Treasury Secretary Timothy Geithner on today rebuffed calls from Republicans to resign and slugged it out with lawmakers over Obama...

Gap profit climbs 25 percent in 3Q

Thu, 19 Nov 2009 16:24:00 -0500

CHICAGO - Shoppers spent more money at low-price Old Navy stores in the third quarter this year, helping Gap Inc.'s profit climb 25 percent compared with last year,...