Business News

Signs of improving economy

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   WASHINGTON (AP) -- Factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign that the ailing manufacturing sector is recovering.    The Commerce Department says factory orders rose... Full story

Justice Ginsburg blocks Chrysler sale

Associated Press

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WASHINGTON (AP) -- Supreme Court Justice Ruth Bader Ginsburg has temporarily delayed Chrysler's sale to Fiat. Ginsburg said in an order Monday that the sale is "stayed pending further order." The action indicates that the delay may only be... Full story

Moving High Tech Business to the Classroom

Niskayuna

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It's a program aimed at helping teachers become better teachers, and more aware of high tech business in the capital region. Jack Aernecke visited one classroom to see how it translates from work place to classroom.... Full story

Dollar gains against the yen in Tokyo

Tokyo - AP

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The US dollar gained value against the Japanese yen at the end of the Tokyo business day Monday. The 5 p-m quote on the Tokyo Foreign Exchange has the dollar at 116-point-oh-five yen, up oh-.27 yen from the previous close.... Full story

Massachusetts shoppers in spending mood as season kicks off

Stoneham, MASS - AP

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Massachusetts retailers step up their competition to lure early morning post-Thanksgiving shoppers — hoping to cash in on consumers' increasing optimism amid falling energy prices. Pre-dawn store openings attracted people looking for deals on... Full story

Immunogen shares continue rise

New York - AP

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Shares of biotechnology company Immunogen surged this week after Cantor Fitzgerald initiated coverage with a "Buy" rating earlier in the week. The Cambridge-based company focuses on developing cancer treatments using its Tumor-Activated Prodrug... Full story

Japanese markets closed for national holiday

AP - AP

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Japanese stock, currency and other financial markets were closed Thursday for Labor Thanksgiving Day, a national holiday.... Full story

BJ's Wholesale CEO resigns, prompting takeover speculation

Boston - AP

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The top executive at BJ's Wholesale Club has resigned amid disappointing sales at the nation's number three retail warehouse club. Mike Wedge's departure is fueling speculation that the Natick-based company could be ripe for a takeover during the... Full story

Synta Pharmaceuticals files IPO to sell up to $115M in stock

Washington - Dow Jones/AP

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Biopharmaceutical company Synta Pharmaceuticals has filed an initial public offering to sell up to 115 million dollars in common shares. The Lexington-based company withdrew an earlier IPO in June 2005 due to unfavorable market conditions. It... Full story

BJ's Wholesale CEO resigns, admits progress too slow

Natick, MASS - AP

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Shares of Natick-based BJ's Wholesale Club were up nearly eight percent this morning after the company's top executive stepped down. Mike Wedge had served as president and CEO for four years. He and interim CEO Herb Zarkin issued a statement,... Full story

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