Defense starts for companies in Gulf spill trial

NEW ORLEANS — The owner of the drilling rig that exploded at the outset of the 2010 Gulf of Mexico oil spill catastrophe started its defense Monday at a trial designed to determine the disaster's causes and assign fault to the companies involved. Transocean...

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Ericsson, STMicroelectronics to end joint venture

STOCKHOLM — Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their loss-making joint venture. STMicroelectronics, one of Europe's largest...

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US builder confidence falls on weak supply, labor

Confidence among U.S. homebuilders fell this month because of concerns that increased demand for new homes is exceeding supplies of ready-to-build land, building materials and workers. In the short term, those constraints could slow sales. But builders'...

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Jobless rates rise in January in half of US states

WASHINGTON — Unemployment rates increased in half of U.S. states in January from December, as employers nationwide added the fewest jobs in seven months. The Labor Department said Monday that unemployment rates rose in 25 states. They fell in only 8...

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AAA: Mass. gas price average falls 4 cents to $3.65

AAA: Mass. gas price average falls 4 cents to $3.65 Bay State gas prices are down another 4 cents this week, according to AAA Southern New England. Self-serve, regular unleaded gas is currently averaging $3.65 a gallon, 3 cents less than the national...

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Cynosure to buy Mass. laser rival Palomar for $294M

Cynosure to buy Mass. laser rival Palomar for $294M Cynosure of Westford said today it will acquire rival medical laser maker Palomar Medical Technologies in a cash-and-stock deal worth nearly $294 million. The proposed merger will combine two Bay...

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Hearing aid tech firm Lantos wins FDA approval

Lantos Technologies Inc. of Cambridge said today it has received U.S. Food and Drug Administration clearance to sell its 3-D ear scanning system. Initially developed in Massachusetts Institute of Technology labs, the system "streamlines the process...

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Bain leads $16M investment in Boston's AppNeta

AppNeta, a Boston-based company that provides cloud-delivered services for IT performance management, said today it has raised $16 million. The company's third round of funding was led by Bain Capital Ventures, Egan-Managed Capital, JMI Equity and Business...

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Cyprus bailout deposit tax rattles markets

LONDON — Stocks around the world and the euro fell sharply Monday as investors fretted over a plan to tax depositors in Cypriot banks as a way to partly fund a bailout of the Mediterranean island nation. Financial stocks bore the brunt of the selling...

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Burger King to offer a turkey burger

NEW YORK — If you think a Whopper's too indulgent but are sick of chicken sandwiches, Burger King is offering a turkey burger for the first time. The Miami-based company is rolling out the new sandwich this week as part of its limited-time offers for...

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