Experts cut German economic growth forecast

BERLIN — The German government's independent council of economic advisers has cut its forecast for growth this year to 0.3 percent after Europe's biggest economy shrank in the final quarter of 2012. The revised 2013 growth forecast issued Monday compares...

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J&J recalls all OneTouch Verio blood sugar meters

NEW BRUNSWICK, N.J. — Johnson & Johnson has announced a voluntary recall for all its OneTouch VerioIQ blood glucose meters in the U.S. because they do not provide a warning when a diabetic's blood sugar level is dangerously high. Instead, the meters...

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Menino: Wegmans to open at Landmark Center in Fenway

Mayor Thomas M. Menino announced today that grocer Wegmans will be opening in the Landmark Center in the booming Fenway neighborhood. It will be the first Hub location for the New York-based grocer, which has a loyal following and offers a wide range...

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Menino wants to add 30,000 housing units in Hub

Mayor Thomas M. Menino today announced a plan to lay the groundwork for the creation of 30,000 new housing units in the Hub by 2020. In a wide-ranging speech before the Boston Municipal Research Bureau, Menino said the city will work with experts inside...

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T-Mobile gets rid of contracts for cellphones

NEW YORK — T-Mobile USA, the struggling No. 4 cellphone company, is ditching plans centered on familiar two-year contracts in favor of selling phones on installment plans. In practice, the phone-buying experience is not that much different from before....

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Third Rock Ventures closes $516M fund

Third Rock Ventures LLC, a venture capital firm focused on the health-care sector, said today it has closed its "oversubscribed" third fund at $516 million. With this fund, known as Fund III, Third Rock said it will continue to execute on its strategy...

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Malden man charged with securities fraud

A Malden man was charged today with the fraudulent sale of securities as part of schemes to defraud Kenyan investors in Massachusetts, according to Secretary of the Commonwealth William F. Galvin. An administrative complaint names Harison Muiruri Maina...

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KnowledgeVision Systems raises $1.9M

KnowledgeVision Systems, a Lincoln-based maker of online video presentation technology, said today it has raised nearly $1.9 million from institutional, private and strategic investors. The money will fund new product initiatives, while also supporting...

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Business software firm High Street Partners raises $8M

Boston-based High Street Partners today announced an $8 million round of financing, led by institutional venture capital investor Baird Capital, along with Sigma Partners and Gold Hill Capital. This is the largest investment round that the international...

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Roxbury-based merchant bank Next Street opens Los Angeles office

Next Street, a Roxbury-based merchant bank that serves inner-city small businesses and entrepreneurs across the United States, said today it has opened a new office in Los Angeles. "Opening our new Los Angeles office is the next step in scaling Next...

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