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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