Mick Jagger love letters sell for $300,000

LONDON — Jumpin' Jack Flash! A batch of love letters written by Mick Jagger to a 1960s muse have sold at auction for 187,250 pounds ($301,472). Sotheby's says a private collector bidding by phone on Wednesday snapped up the Rolling Stones frontman's...

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Honda recalls more than 800,000 minivans and SUVs

DETROIT — Honda is recalling more than 870,000 minivans and SUVs worldwide because they can roll away even though drivers have removed the keys from the ignition. The recall announced Wednesday affects older-model vehicles sold mainly in the United...

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Indy to replace entire fleet with electric, hybrid

INDIANAPOLIS — Indianapolis wants to become the first major city to replace its entire fleet with electric and plug-in hybrid vehicles in a move the mayor says is designed to reduce U.S. reliance on foreign-produced fuels, city officials said Tuesday....

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Stocks move higher on anticipation of Fed action

NEW YORK — Stocks are opening higher on Wall Street as investors await news on whether the Federal Reserve will announce more bond purchases to stimulate the U.S. economy. The Dow Jones industrial average is up 40 points at 13,287 shortly after the...

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Lilly plans another study for Alzheimer's drug

INDIANAPOLIS — Eli Lilly and Co. will launch another study of its possible Alzheimer's treatment solanezumab, a move that delays a regulatory decision on a drug that flashed potential to help patients with mild cases of the fatal, mind-robbing disease....

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'Dishonored' tops a diverse year in video games

The video game universe in 2012 is a study in extremes. At one end, you have the old guard striving to produce mass-appeal blockbusters. At the other end, you have a thriving community of independent game developers scrambling to find an audience...

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Europe seeks to make progress on banking union

BRUSSELS — European finance ministers moved closer Wednesday to creating a single supervisor for banks for the 17 countries that use the euro after France and Germany patched up their differences over the issue. For months, it seemed like an agreement...

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Bankruptcy court OKs A123 Systems asset sale

Waltham-based lithium ion battery maker A123 Systems Inc. said it has received approval from U.S. Bankruptcy Court in Delaware to sell its assets to Wanxiang America Corp. The court has also granted approval for A123 to sell its government business...

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Hub-based DraftKings to hold $250G fantasy football event

Online fantasy sports company DraftKings said today it will host a $250,000 main event on Sunday, Dec. 23 -- NFL Week 16 -- the biggest single-day open cash event in fantasy sports history. The event allows players to use their detailed research and...

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Patriots-Texans draw big TV ratings

Monday Night Football's matchup between the New England Patriots [team stats] and the Houston Texans [team stats] was the Pats' third-highest rated game of the season, according to team officials. Ratings indicate the game drew a household rating of...

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Business - BostonHerald.com

Business - BostonHerald.comBusiness - BostonHerald.com http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Wed, 05 Dec 2012 11:06:59 -0500...

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J.J. Abrams connects with Media Lab

MIT Media Lab director Joi Ito and famed filmmaker J.J. Abrams experienced what you might call a Vulcan mind meld yesterday. Abrams took a tour of the lab and then Ito interviewed him in front of a packed audience. It was during their chat that the...

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BP suspended from new US gov't contracts

WASHINGTON — BP is being temporarily suspended from new contracts with the U.S. government, the Environmental Protection Agency says. Two weeks ago, BP agreed to plead guilty to charges involving the deaths of 11 workers on the Deepwater Horizon oil...

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Disney, Sears used factory in fire

DHAKA, Bangladesh — Amid the ash, broken glass and melted sewing machines at what is left of the Tazreen Fashions Ltd. factory, there are piles of blue, red and off-white children's shorts bearing Wal-Mart's Faded Glory brand. Shorts from hip-hop star...

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Stocks open lower, following European markets

NEW YORK — Stocks are opening lower on Wall Street. Investors are still waiting for signs of progress on the "fiscal cliff." Just after the opening bell, the Dow Jones industrial average is down 45 points at 12,832. The Standard & Poor's 500 index...

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Ironwood drug wins approval in Europe

Cambridge-based Ironwood Pharmaceuticals and partner Almirall said today that European regulators have approved a drug to treat irritable bowel syndrome with constipation in adults. The drug would be marketed in Europe as Constella, an oral, once-daily...

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Online event space locator expands to Boston

Eventup, an online resource that helps event planners and consumers find and book unique venues, said today it is launching its sixth location in Boston. Based in Santa Monica, Calif., the company has grown to include Los Angeles, New York, San Francisco,...

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Devens-based AMSC cuts quarter of work force

AMSC, an energy technology company based in Devens, said today it has slashed its work force by about 25 percent and is also consolidating office space to lower operating costs. The company, citing "challenging conditions" in the wind power market,...

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Siemens to spin off majority in Osram unit

BERLIN — Industrial conglomerate Siemens AG has announced plans to shed a majority stake in its Osram unit, which makes light bulbs, in a spinoff to shareholders. Siemens said today that its supervisory board will propose spinning off 80.5 percent...

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Nokia sues RIM for breach of contract

HELSINKI — Nokia Corp. is suing Research in Motion, the maker of the Blackberry, for breach of contract in Britain, the United States and Canada over cellular patents the two companies agreed on nine years ago. The struggling cellphone and RIM agreed...

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Costco plans special cash dividend of $7 per share

Costco plans special cash dividend of $7 per share The Associated Press Costco plans a special dividend of $7 per share next month in addition to the regular quarterly dividend the wholesale club operator pays shareholders. The Issaquah, Wash.,...

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Closed Upper Crust pizza shops set for auction

Auction plans are in the works for Upper Crust's 10 company-owned restaurants. The trustee overseeing the Boston pizzeria chain's bankruptcy case has received inquiries from about 50 companies, both local and national, interested in buying all, some...

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Toshiba shows four-legged robot for nuke disaster

YOKOHAMA, Japan — Toshiba Corp. unveiled a robot Wednesday that the company says can withstand high radiation and help in nuclear disasters. But it remains unclear what exactly the new machine will be capable of doing if and when it gets the go-ahead...

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National Grid sued over missing pay

A group of 10 local unions are suing National Grid after thousands of workers haven't been paid some of their hard-earned wages for nearly a month, even forcing some to miss mortgage payments, according to court papers filed yesterday accusing the utility...

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Expert sees a gathering storm for top fund manager

NEW YORK — The arrest of a former hedge fund portfolio manager in what prosecutors are calling one of the most lucrative insider trading schemes ever indicates that prosecutors may be setting their sights higher — toward a wealthy business leader the...

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UK still borrowing more than planned

LONDON — The British government continued to borrow more than planned in October as corporation tax collections fell sharply in the wake of a nine-month recession, official figures showed Wednesday. The Office for National Statistics said borrowing...

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Gambling company would let Massachusetts workers unionize

PALMER -- A company hoping to open a casino in western Massachusetts has reached a deal with a federation of about 50 labor unions to allow future employees to form a union and negotiate contracts. The Mohegan Tribal Gaming Authority finalized the...

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Rock band AC/DC releases entire catalog on iTunes

NEW YORK — AC/DC is finally releasing its music digitally on iTunes. Columbia Records and Apple announced Monday that the classic rock band's music will be available at the iTunes Store worldwide. Sixteen studio albums will be released, including...

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San Diego media figure dies after car crash

SAN DIEGO -- David Copley, owner and publisher of The San Diego Union-Tribune until it was sold in 2009, died Tuesday after crashing his Aston Martin near his home in La Jolla. Copley, 60, was found slumped in the front seat of his car early in the...

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Walmart making wait worth it by guaranteeing sale items

Walmart is bracing for protests on Black Friday, but not from shoppers who will get an in-store guarantee on select items for the first time this year, an attempt by the retailer to ensure that long waits in line won't be in vain. The three items —...

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Stocks slightly higher at the open on Wall Street

NEW YORK — Stocks opened slightly higher Wednesday on Wall Street ahead of the Thanksgiving holiday. In the opening minutes of trading, the Dow Jones industrial average was up seven points at 12,795. The Standard & Poor's 500 index was up a point...

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New owners for health IT firm Arcadia Solutions

Burlington-based Arcadia Solutions LLC, a provider of data-driven health information technology services, said today it will be acquired by private-equity firm Ferrer Freeman & Co. LLC and Arcadia's senior management team. Terms of the deal were...

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People magazine says Channing Tatum is sexiest man

NEW YORK — Channing Tatum is People magazine's "sexiest man alive" for 2012. The 32-year-old actor says his first thought on hearing the news was: "'Y'all are messing with me.'" Tatum's film roles include "Magic Mike" and the upcoming "Foxcatcher."...

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AAA: More expected to travel by car this Thanksgiving weekend

A whopping 43.6 million Americans are projected to travel 50 miles or more from home during the Thanksgiving holiday weekend, a 0.7 percent increase from last year and the fourth consecutive annual uptick, according to AAA Southern New England. While...

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Pending Massachusetts home sales jump in October

The Massachusetts Association of Realtors said today that pending home sales in October had their second biggest year-over-year increase since the organization began tracking this data. The number of single-family homes put under agreement last month...

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Patrick administration focuses on need for more housing

Gov. Deval Patrick has outlined plans to build 10,000 multi-family units of housing per year with a goal of retaining the state's young, well-educated base of talent. "Access to housing for our middle- and moderate-income families is an important component...

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Shawmut Design and Construction taps Bill Walczak for VP post

Shawmut Design and Construction said today it has appointed William Walczak, co-founder and former CEO of Codman Square Health Center and Codman Academy Charter Public School, as vice president of community relations. "As a fixture in the Boston community...

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Stocks open mixed after gloomy retail report

NEW YORK — Stock indexes were mixed in early trading on Wall Street Wednesday. Strong earnings from Abercrombie & Fitch were offset by a gloomy prognosis on retail spending from the government. The Dow Jones industrial average was down seven points...

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Enchanted Village opens Saturday at Jordan's Furniture in Avon

The iconic animated Enchanted Village kicks off its 2012 season at Jordan's Furniture in Avon this Saturday and is free to the public. The old-fashioned, Victorian-era 8,000-square-foot display went from Jordan Marsh to its new home of Jordan's Furniture...

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FDA chief seeks new powers to police pharmacies

WASHINGTON — The country's top medical regulator is preparing to tell Congress that new laws are needed to police large specialty pharmacies like the one at the center of a deadly meningitis outbreak. Testimony released ahead of the first congressional...

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Warren Buffett's firm will close suburban DC newspaper

OMAHA, Neb. — Warren Buffett's company is planning to close a small Virginia newspaper that it bought from Media General earlier this year. The 10,000-circulation Manassas (Va.) News & Messenger, which began publishing in 1869, has been struggling...

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A night to remember... three times

It's a wrap! And that's exactly what the Boston Herald did last night wrapping the paper three times as the historic results of Election Night 2012 unraveled. We didn't quit until well past midnight when the last speech stopped echoing through the streets....

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