Warren addresses New England business group

BOSTON — U.S. Sen. Elizabeth Warren says she does not know at this point what can be done to prevent what she calls a "mindless across the board approach" to cutting federal spending. The Massachusetts Democrat was asked during a breakfast meeting of...

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Horse meat found in Ikea's Swedish meatballs

STOCKHOLM — Swedish furniture giant Ikea was drawn into Europe's widening food labeling scandal Monday as authorities said they had detected horse meat in frozen meatballs labeled as beef and pork and sold in 13 countries across the continent. The Czech...

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Feds to probe Ford cars and SUVs for stalling

DETROIT — The National Highway Traffic Safety Administration says it will investigate problems with stalling or surging engines in nearly 725,000 Ford cars and SUVs. The probe affects Ford Escape and Mercury Mariner SUVs and Ford Fusion and Mercury...

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Markets buoyant on Italian election polls

LONDON — Markets roared ahead Monday as the momentum that has marked 2013 re-established itself amid early indications that the center-left will be able to form a government in Italy. Early polls out of Italy show that the coalition led by Pier Luigi...

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High-stakes trial begins for 2010 Gulf oil spill

NEW ORLEANS — A high-stakes trial started Monday to assign blame and help figure out exactly how much more BP and other companies should pay for the nation's worst offshore oil spill. Attorney Jim Roy, who represents individuals and businesses hurt...

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Cubist acquires right to buy pain treatment maker Adynxx

Cubist Pharmaceuticals Inc. of Lexington said today it has the exclusive right to acquire Adynxx, a San Francisco-based clinical stage pharmaceutical company developing a drug designed to prevent chronic pain post-surgery. Adynxx, a privately held company,...

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Sen. Warren calls automatic budget cuts ‘just plain dumb’

Sen. Warren calls automatic budget cuts 'just plain dumb' Sen. Elizabeth Warren called the automatic cuts in federal spending slated to take effect Friday "just plain dumb," but the Bay State's newly minted, but still senior, senator said it's largely...

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Avid Technology postpones earnings release citing ‘accounting’ issues

Avid Technology Inc. of Burlington said today it is postponing its fourth quarter 2012 earnings release and investor conference call, previously scheduled for tomorrow. The digital audio and video technology maker said the company needs additional time...

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BTI Systems raises $10M from Bain Capital Ventures, others

BTI Systems, a Canadian software company that helps content and service providers capitalize on trends in cloud services, mobility and Internet video, said today it has secured $10 million in new funding led by Bain Capital Ventures. The third round...

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EMD Serono’s brain tumor drug disappoints in clinical trial

EMD Serono Inc., a Rockland-based subsidiary of Merck KGaA of Germany, said today that a third trial for its investigational cancer drug cilengitide did not meet its primary endpoint in patients with newly diagnosed glioblastoma. The trial was planned...

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