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Tuesday, January 6, 2009

Citgo pulls $100M in oil donations to Citizens Energy

OUT OF FUEL: Joe Kennedy announces yesterday that Citgo has suspended its $100 million heating oil assistance program for low-income households. Staff members behind him are being laid off and most of the nonprofit’s deliveries will cease.
By Jay Fitzgerald
Joe Kennedy announced yesterday he’s laying off 20 employees and temporarily...
  1. Comments18 Comments

Staples founder sees gift-store venture flounder

Tom Stemberg
By Greg Turner
Another retail concept backed by Staples founder Tom Stemberg has wilted. Gift-store...
  1. Comments1 Comment

Barack Obama theme seen as money in bank

By Jay Fitzgerald
The race is on to cash in on Obama-mania. With the historic inauguration of...
  1. Comments3 Comments

Fidelity hires two top execs

Fidelity Investments has chosen two executives to run key divisions at the Boston financial firm.
By Jay Fitzgerald
Fidelity Investments has snagged two top executives to run key divisions at the giant Boston financial firm. Peter...

Stop & Shop puts ‘healthy’ labels on products

By Donna Goodison
Consumers looking for healthy foods at Stop & Shop stores are getting help from a...
  1. Comments2 Comments

BU scam expert gives testimony

Tamar Frankel
By Jerry Kronenberg
Boston University’s Tamar Frankel thinks Uncle Sam should hire laid-off Wall Street workers to sniff out scams...

Bernard Madoff hearing slams SEC

BAIL BREAKER? Bernard Madoff exits the U.S. District Court in Manhattan where a bail hearing was held yesterday. Prosecutors argued that Madoff violated his bail conditions by sending about $1 million worth of jewelry and other valuables to relatives.
By Staff and wire reports
WASHINGTON - A congressional hearing into the alleged $50 billion Bernard Madoff fraud drew calls from Democratic...

Stocks up moderately after mixed economic reports

By Associated Press
NEW YORK — Wall Street proceeded cautiously Tuesday, with stocks rising moderately following disappointing readings on pending home sales and factory...

Lexington’s Indevus sold for up to $637M

By Greg Turner
A Pennsylvania drug developer will scoop up Indevus Pharmaceuticals Inc. of Lexington for about $637 million - the Bay State’s first big buyout deal...

Simple lifestyle changes can help you avoid identity theft

By Barry Armstrong / Money Matters
How can I protect myself from identity theft? Unfortunately, there are a lot of times where identity theft cannot be tamed, like in the workplace. If...

Obama says trillion-dollar deficits may last years

By Associated Press
WASHINGTON — President-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy...
  1. Comments4 Comments

Deval Patrick wants to expand Internet sales tax

By Associated Press
BOSTON — Gov. Deval Patrick wants to expand the state’s ability to collect taxes on Internet sales to help make...
  1. Comments6 Comments

Mass. tax collections over projections in December

By Associated Press
BOSTON — Tax collections in Massachusetts were up $21 million last month in comparison to the same time in 2007. But collections would have been...

Oil above $49 as investors eye Gaza conflict, OPEC

By Associated Press
LONDON — Oil prices neared $50 a barrel today amid signs OPEC is implementing its announced production cuts and...
  1. Comments1 Comment

Social Security begins taking online applications

By Associated Press
WASHINGTON — The Social Security Administration, bracing for the coming eligibility of 80 million baby boomers, is introducing an online application that...

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