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A gallon of gas in Massachusetts plummets 6 cents

Written By Unknown on Senin, 06 Oktober 2014 | 23.17

BOSTON — The price of a gallon of gas in Massachusetts has plummeted by 6 cents in the past week to its lowest level of the year.

AAA Southern New England reported Monday that self-serve, regular has dropped to an average of $3.32 per gallon, 2 cents below the year's previous low.

Even though the per-gallon price in Massachusetts remains 3 cents above the national average, it is now 13 cents lower than a month ago and 11 cents lower than at this time last year.

AAA found self-serve, regular selling for as low as $3.10 per gallon in Massachusetts and as high as $3.69 per gallon.


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APNewsBreak: Casino workers to protest Taj demands

ATLANTIC CITY, N.J. — The main casino workers' union in Atlantic City plans to block traffic in a demonstration Wednesday to protest efforts by the owners of the Taj Mahal casino to eliminate workers' pensions and health care.

Local 54 of the Unite-HERE union say they plan an act of civil disobedience near the casino Wednesday night.

Trump Entertainment Resorts says it will close the Taj Mahal — its last casino — next month without major concessions from the union.

News of the protest came on the same day that Donald and Ivanka Trump prevailed upon Trump Entertainment to remove the Trump name from the now-closed Trump Plaza casino.

They claim the company let the two casinos fall into such disrepair that it violated quality standards agreed to by the sides.


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Room escape attractions growing in US

MIAMI BEACH, Fla. — I like to think of myself as relatively quick-witted, but I started having serious doubts about my cleverness as I stood handcuffed to my new Russian friend, trying get out of a prison cell.

It wasn't a real prison cell, which is why I wasn't having a panic attack. But the handcuffs were real, and being chained to another person while searching a small room for keys and clues as a clock ticked down became frustrating pretty quickly.

Believe it or not, this was all part of a game. Real-life room escape attractions began opening nearly a decade ago in Asia and Eastern Europe, but they've been popping up in North America over the past few years. The attractions trace their origins back to escape-the-room video games, where players were trapped and forced to use clues and objects in their surroundings to get out. Now that concept has moved into the real world.

Escape the Quest opened in Miami Beach in July. They offer two games — Apartment 101 and Prison Escape — with Mental Hospital coming soon. Groups of two to four have an hour to solve the puzzle and win their freedom. I participated in Prison Escape, joining a group of expat Russians in their mid-20s — Alex Belousov, Konstantin Elizarov and Lucy Omelchenko — who moved to South Florida within the past two years. Their English was heavily accented, and my Russian is nonexistent, adding a language barrier to a challenge that only about 20 percent of groups complete successfully, according to Escape the Quest manager Yuliya Pashkevich.

As Konstantin later remarked, "You don't understand us, and we understand 50 percent of yours."

So we were off to a good start.

To begin, Pashkevich explained that Prison Escape actually includes two rooms and that my new friends and I would be paired off, one pair locked in each room. We would first have to get all four into one room and then all escape together. Alex spoke the best English, so he went with me. We were all handcuffed to our partners and locked in our cells.

I promised Pashkevich I wouldn't give away any secrets, but I will say Alex and I did eventually find a handcuff key, probably much later than we should have. By working with Konstantin and Lucy through a wall, we even managed to get them into our room. And by briefly speaking in their native tongue, Alex and Konstantin figured out a math riddle that set us free with about 5 minutes to spare. I felt useless at that final math part, but even the third-string quarterback gets a ring when his team wins the Super Bowl, so I'm counting it as a win.

After escaping, Alex, Konstantin and Lucy donned old-timey, black-and-white prisoner outfits for a photo op. They agreed they had fun and that it was a unique experience they'd recommend to others.

"It was the first time seeing something like this," Konstantin said. "It was very good."

Pashkevich said the escapes, which start at $60 a group, were designed to appeal to people of all ages and backgrounds. Besides groups of friends, Pashkevich said it's also common to host families and even co-workers using it for team-building. But she added the potentially stressful room escapes can be poison to a budding romance.

"You know when it doesn't work?" Pashkevich said. "On a first date."

While room escape attractions are more stressful than actually scary, they're catching the attention of more traditional haunted house operators and theme parks.

Brett Hays, a board member of the Haunted Attraction Association and director of Fear Fair in Indiana, said he expects room escapes to feature prominently at a national trade show in St. Louis next spring. "You're going to see a lot of overlap, where companies and individuals doing haunted attractions are also going to be doing these types of events in the off season," Hays said, adding that room escapes can be popular year-round, not just around Halloween.

The challenge of room escape attractions is volume. "You have to get a lot of people through in a night to make the finances work," Hays said.

But traditional haunted attractions often feature multiple events, which could easily include a room escape, Hays said.

Dennis Speigel, president of International Theme Park Services, Inc., believes the room escape concept can be modified to accommodate more participants.

"We see it as something that will come into the parks bigtime," Speigel said. "It will come in on a larger scale. You'll have large teams of people coursing through different games."

Theme parks are always looking for new ideas, Speigel said, and the critical thinking and interactivity featured in room escapes is appealing.

"The concept is limitless to the story," Speigel said. "So as long you have creative people, this can go on forever."

___

Online: Escape the Quest, http://www.escapethequest.com/


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Mipcom: CBS, Germany's ProSiebenSat.1 extend deal

In the run-up to next week's TV content market Mipcom, CBS Studios Intl. and Germany's ProSiebenSat.1 Group have inked a multi-year extension of their content licensing agreement that will bring CBS's programming to ProSiebenSat.1 channels throughout German-speaking Europe.

Terms of the deal were not disclosed.

ProSiebenSat.1 channels air CBS series such as "NCIS," "NCIS: Los Angelees," "Elementary," "Hawaii Five-0" and "Under the Dome." As part of the latest pact, ProSiebenSat.1 will also have rights to the event series "Extant," starring Halle Berry, as well as other CBS series such as "NCIS: New Orleans," the newest show in the "NCIS" franchise. "NCIS: New Orleans" recently debuted with 17.2 million viewers in the U.S., making it the most-watched new series during premiere week. Its second broadcast retained 95% of its premiere week audience.

"Germany is a key international market, and we are looking forward to continuing this long-standing, mutually beneficial relationship," said Armando Nunez, president and chief executive officer, CBS Global Distribution Group. "ProSieben is a terrific partner with quality channels that have been a great home for CBS programming in German-speaking Europe."

Ruediger Boess, executive VP group programming acquisitions, ProSiebenSat.1 Media, said, "This strengthens our position among the competition, as strong TV series are crucial for the success of a station."

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Iran frees wife of jailed Washington Post reporter

DUBAI, United Arab Emirates — Iran has released the wife of a Washington Post reporter after arresting the two journalists in July, her newspaper said Monday.

The National newspaper said Yeganeh Salehi, 30, was released on bail, while her husband, Washington Post correspondent Jason Rezaian, 38, remains in detention.

The Abu Dhabi-based newspaper cited Ali Rezaian, Jason's brother, as saying the reporter was freed on bail late last week. It quoted him as saying the two were "physically healthy" and that Salehi had been allowed to visit her husband recently. Jason Rezaian has American and Iranian citizenship.

The two were detained along with two other journalists on July 22. The two other reporters were later freed. Iranian officials have not said why the four were detained. Officials were not available for comment on the reported release, and state media did not report on it.

Ali Rezaian said neither Salehi nor her family in Tehran would be speaking to the press and asked that their privacy be respected, according to the newspaper. It also cited him as saying that Salehi is no longer allowed to work as a journalist in Iran, without providing further details.

President Hassan Rouhani, a relative moderate elected last year on promises to engage with the West, has vowed to expand freedom of expression in Iran. But he has faced stiff resistance from hard-liners in the government who fear that liberalization would undermine the Islamic Republic.


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US stocks open higher on corporate deals

NEW YORK — U.S. stocks are opening higher as investors welcome the latest batch of corporate deal news.

Hewlett-Packard rose 5 percent after the big technology company agreed to split in two companies.

Medical equipment maker Becton, Dickinson and rival CareFusion both soared after the companies agreed to combine in a $12.2 billion deal.

The Dow Jones industrial average rose 72 points, or 0.4 percent, to 17,08 in the first few minutes of trading Monday. The Dow soared 208 points on Friday on a pickup in hiring by U.S. employers last month.

The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,975. The Nasdaq composite rose 13 points, or 0.3 percent, to 4,488.

Bond prices were steady. The yield on the 10-year Treasury note held at 2.44 percent.


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Hilton selling Waldorf Astoria New York for $1.95B

MCLEAN, Va. — Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion.

Hilton will continue to manage the storied hotel for the next 100 years as part of an agreement with Anbang.

The Waldorf Astoria New York has restaurants including Peacock Alley, Bull and Bear Prime Steakhouse and Oscar's. The companies said Monday that the property will undergo a major renovation.

In March 1893, millionaire William Waldorf Astor opened the 13-story Waldorf Hotel. The Astoria Hotel opened four years later. The Waldorf Astoria New York, on Park Avenue in Manhattan, opened in 1931, according to the company's website. At the time it was the largest hotel in the world. The hotel became an official New York City landmark in 1993.

Hilton Worldwide plans to use proceeds from the hotel's sale to buy additional hotel assets in the U.S.

Hilton Worldwide Holdings Inc. was taken private in 2007 by private equity firm Blackstone Group LP. The hotel chain returned to public stock markets in December 2013. The McLean, Virginia, company is the world's largest hotel group with more than 690,000 rooms across 93 countries and territories.

Aside from Waldorf Astoria Hotels & Resorts, its brands include Hilton Hotels & Resorts, DoubleTree by Hilton and Embassy Suites Hotels.


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Hewlett-Packard splits off PC, printer businesses

NEW YORK — Hewlett-Packard is splitting itself into two companies, one focused on its personal computer and printing business and another on technology services such as data storage, servers and software, betting that it can drive faster sales growth with more-focused operations.

Hewlett-Packard, like other PC makers, has struggled as customers shifted toward smartphones and tablets and away from desktops and laptops. It also has been shifting its services business toward cloud computing opportunities as fewer customers opt for traditional data storage. The company has posted revenue declines in 11 of the past 12 quarters and laid off tens of thousands of people in recent years as it attempts to cut costs.

HP hopes that the two units will be worth more separately and be able to grow more quickly apart than they can together.

The planned breakup follows other big companies that have spun off business units in order to drive growth. EBay Inc. last week said it would spin off its fastest-growing segment, payment service PayPal, into a separate publicly traded company.

HP first considered breaking off its PC unit back in 2011, but decided against it. CEO Meg Whitman, who has been leading the company's turnaround for the past three years, said Monday that HP has now shored up its business enough to support the split.

"The best tactic to continue the turnaround journey is to position HP as two great new companies," she said in an interview with CNBC. "Before a few months ago we were not in the right position to do this."

Whitman said the split will give the two companies "the independence, focus, financial resources, and flexibility they need to adapt quickly to market and customer dynamics."

There are numerous reasons why HP would want to divide the businesses, including the slowdown of the PC market since the iPad debuted in April 2010, says Cantor Fitzgerald analyst Brian White. While the PC market has shown some improving trends this year, separating into two companies gives HP the option to sell off one or both businesses if an attractive offer is made, he wrote in a note to clients.

HP's announcement may be coming now partly because the stock market has been supportive of spinoffs of late, says Jim Suva of Citi Investment Research. Also, the company's stronger balance sheet, stable PC margins, improving services profits, better financials and completion of the more difficult parts of its restructuring efforts played a role in its decision to act now, he said.

During its most recent quarter HP reported revenue of $27.6 billion, a 1 percent annual gain. It marked HP's first year-over-year increase in quarterly revenue since late 2011. Printers and computers contributed 51 percent of the company's quarterly revenue, with the rest coming from technology services like consulting, software and financial programs.

The PC and printer business will use the name HP Inc. and retain the blue and white logo. The services business will be called Hewlett-Packard Enterprise. Whitman will lead the Enterprise business and serve as non-executive chairman of HP Inc. Current PC and printer chief Dion Weisler will be CEO of HP Inc.

HP is expected to complete its latest round of layoffs, between 11,000 to 16,000 people, this month. Total job cuts will now stand at 55,000, up from a planned 50,000. In her interview with CNBC, Whitman left open the possibility for further layoffs as the separate businesses determine their cost structure going forward.

The split, if approved by the company's board, is expected to close by the end of fiscal 2015. Once complete, HP stockholders will own shares of both companies.

Shares of Hewlett-Packard Co., based in Palo Alto, California, rose $1.67, or 4.6 percent, to $36.82 in morning trading. The stock is up 32 percent since the beginning of the year.


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US stocks edge up as investors weigh company deals

NEW YORK — U.S. stocks edged mostly higher Monday as encouraging corporate news was offset by slumping energy stocks. Hewlett-Packard rose after announcing that it would split itself into two companies. Medical equipment maker Carefusion surged after rival Becton Dickinson and Co. said it would acquire the company.

KEEPING SCORE: The Standard and Poor's 500 index rose one point, or 0.1 percent, to 1,969 as of 11:26 a.m. Eastern. The Dow Jones industrial average climbed 23 points, or 0.2 percent, to 17,034. The Nasdaq composite fell nine points, or 0.2 percent, to 4,465.

BIG SPLIT: Hewlett-Packard gained after announced that it is splitting itself in two. One company will focus on personal computer and printing and the other on technology services such as data storage, servers and software. The stock climbed $1.72, or 4.9 percent, to $36.92.

HEALTHY MERGER: New Jersey medical equipment maker Becton Dickinson and Co. says it will pay $12.2 billion for rival Carefusion in a combination focused on medication systems for hospitals and pharmacies. Carefusion's stock jumped $10.71, or 23 percent, to $56.87. Becton climbed $8.01, or 6.9 percent, to $123.70.

BANKRUPTCY SHOCK: Apple supplier GT Advanced Technologies plunged $9.44, or 85 percent, to $1.61 after the company said that it was filing for bankruptcy. The company is developing sapphire materials for Apple's products.

ENERGY SLUMP: Oil prices fell again, dragging the energy sector lower. Benchmark U.S. crude fell 30 cents to $89.44 a barrel, its lowest price in more than two years. Energy stocks have slumped almost 12 percent in the last three months.

BLOCK SALE: H&R Block logged the biggest drop in the S&P 500 after saying that its latest attempt to sell its banking business is getting bogged down in the regulatory process. The tax preparer said it would not be able to complete the deal before the next tax season. Its stock dropped $1.77, or 5.6 percent, to $29.89.

EUROPEAN STOCKS: Britain's FTSE 100 rose 0.4 percent to 6,555 and Germany's DAX advanced 0.9 percent to 9,279. France's CAC 40 added 0.3 percent to 4,292.

BRAZILIAN BOOST: Brazil's stock market surged after the left-leaning President Dilma Rousseff was forced into a runoff race against Aecio Neves, a center-right challenger, who only surged in the final week of the campaign. Rousseff is promising to expand Brazil's social programs and continue strong state involvement in the economy, while Neves says he will pursue more centrist economic approaches, such as central bank independence, more privatizations and the pursuit of trade deals with Europe and the United States.

Brazil's benchmark Ibovespa index rose 4.9 percent to 57,207.

THE WEEK AHEAD: The Fed is due to release minutes on Wednesday of its policy meeting last month. Investors will be watching for clues about a timetable for interest rate hikes.

CURRENCIES AND BONDS: The dollar fell to 109.38 yen from Friday's 109.80. The euro inched up to $1.2553 from $1.2520. U.S. government bond prices were steady. The yield on the 10-year Treasury note held at 2.44 percent.


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Study: Chesapeake cleanup would bring $22B boon

WASHINGTON — The Chesapeake Bay region would reap an additional $22.5 billion a year from improved hurricane protection, crab and fish production and climate stability if the Obama administration's contested plan to clean up the watershed proceeds, an environmental group says.

The assessment released Monday is based on a peer-reviewed analysis of the economic benefits to the entities — six states and the District of Columbia — charged with reducing pollution into the nation's largest estuary.

It comes as the Environmental Protection Agency is defending its cleanup plan in federal court against a challenge from farmers and 21 attorneys general who say the pollution limits are unreasonably costly and an unjustified power grab by the federal government.

The study by Spencer Phillips, an economist at Key-Log Economics in Charlottesville, Virginia, and Beth McGee, a senior scientist at the Chesapeake Bay Foundation, compared the benefits of the Chesapeake watershed in 2009, before the cleanup plan was being implemented by the states, with scenarios in which the bay is either fully restored under the plan or continues "business as usual" without additional pollution limits.

The analysis found that implementing the cleanup plan — which seeks to achieve 60 percent of pollution reductions by 2017, and the rest by 2025 — would yield $129.7 billion annually in benefits such as flood protection from hurricanes and other storms, improved scenery that leads to tourism, cleaner water supplies and healthy forests that reduce heat and help regulate climate.

That tally is $22.5 billion higher than the $107.2 billion of benefits the watershed provided in 2009. Without additional pollution limits, the annual economic value would drop to $101.5 billion.

The report puts the total cost of implementing the cleanup with the 64,000-square-mile watershed at $5 billion to $6 billion annually.

"We all know that reducing pollution makes great sense for our health and our environment, and today we can confirm what we have long thought: It makes good economic sense as well," said William C. Baker, president of the Chesapeake Bay Foundation.

The American Farm Bureau Federation, which is challenging the EPA plan in court, said it had not yet seen the report so it couldn't comment on the specifics. It supports cleanup generally, but "we think environmental benefits will accrue much faster if states lead the process because they are in a better position to balance the cost and benefits associated with the cleanup effort," said spokesman Will Rodger.

At issue is the scope of EPA's authority under the Clean Water Act. In 2009, President Barack Obama issued an executive order for a bay restoration after decades of state inaction, prompting the EPA to seek agreements with the states that set standards to reduce nitrogen, phosphorus and sediment that drain from rivers into the bay.

Farm runoff such as animal waste and fertilizer had created "dead zones" in the bay where nothing lives. It has taken a toll on marine life such as the bay's signature blue crab, according to the EPA.

In their challenge, the American Farm Bureau Federation and the attorneys general point to economic consequences for industry groups and the potential for the EPA to improperly seek new restrictions. They say ratification of the Chesapeake plan will lead to similar EPA efforts to reduce pollution from Midwest farms into the Mississippi River Basin.

Oral arguments in that federal lawsuit are expected later this year in Philadelphia.

Among the states that agreed to the Chesapeake plan, West Virginia is now opposing the EPA-led cleanup. Pennsylvania and New York are staying silent in the litigation, while Maryland, Delaware, Virginia and the District of Columbia signed briefs in support.

A recent study by environmentalists found states in the Chesapeake watershed have made strides in reducing pollution but in many cases fell short in implementing practices that cut contaminants from agriculture.

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Follow Hope Yen on Twitter: http://twitter.com/hopeyen1


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