Chinese industrial upswing helps markets

LONDON — News that manufacturing activity in China grew for the first time in 13 months helped offset disappointment over weaker U.S. figures, nudging global stocks higher on Monday. HSBC's Purchasing Managers' Index for China rose to 50.5 in November...

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Iron Mountain names William Meaney as new CEO

Boston-based information storage and management company Iron Mountain Inc. said today it has appointed William Meaney as its new president and chief executive officer and a member of the board of directors, effective Jan. 7. Meaney, 52, succeeds longtime...

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Ulta Beauty to open in Patriot Place

Beauty and cosmetics retailer Ulta Beauty plans to open a store at Patriot Place in the summer of next year, mall officials said today. The 10,000-square-foot beauty store in Patriot Place's South Marketplace will be Ulta Beauty's eighth Bay State location,...

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Cuba reports 3.1 percent economic growth for 2012

HAVANA — Cuba says it will finish the year with 3.1 percent economic growth, lower than expected but higher than in 2011. Authorities had previously projected growth of 3.4 percent. Cuba's economy expanded 2.7 percent last year. That also fell short...

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LeBron James chosen as SI's Sportsman of the Year

MIAMI - When LeBron James learned he was Sports Illustrated's Sportsman of the Year, the Miami Heat star was surprised. Not because he thought his achievements in 2012 weren't worthy, but because he figured what happened in 2010 was still holding...

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US builders boost spending 1.4 percent in October

WASHINGTON — U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing. The Commerce Department said Monday that construction spending rose 1.4 percent in October. It...

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Stocks turn mixed as US manufacturing contracts

NEW YORK — Stocks turned mixed on Wall Street Monday morning following an unexpected contraction in U.S. manufacturing last month. The Dow Jones industrial average rose 6 points to 13,032 as of 10:08 a.m. Eastern. The Standard and Poor's 500 was up...

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US manufacturing shrinks in November to 3-year low

WASHINGTON — A survey shows U.S. manufacturing shrank in November to its weakest level since July 2009. The impact of Superstorm Sandy and worries about automatic tax increases that could take effect in January combined to reduce factory orders and...

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Mass. gas prices drop another 2 cents

BOSTON — Gas prices in Massachusetts have eased down another two cents in the past week. AAA Southern New England reports Monday that the average price of a gallon of self-serve, regular has dropped to $3.54. Even though prices in Massachusetts are...

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Lincoln brand changes name as new MKZ goes on sale

DETROIT — After years of dismal sales, Ford's Lincoln luxury brand is reintroducing itself with a new name and a new midsize sedan. The brand will now be known as the Lincoln Motor Co., a change intended to separate Lincoln from the cheaper Ford brand...

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