• Chase drops arbitration from card contracts

    BOSTON (AP) — JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.

     
  • Mass. finance chief criticizes 'risky' budget move

    BOSTON (AP) — The top budget official in Massachusetts says the Legislature has taken a "risky" approach by adjourning for the remainder of the year without closing a projected $125 million state budget deficit.

     
  • Antigenics pulls European Oncophage application

    LEXINGTON, Mass. (AP) — Biotechnology company Antigenics Inc. said Friday it will not seek approval for a potential kidney cancer treatment after a European advisory committee recommended against approving the drug candidate.

     
  • Mass. jobless rate drops to 8.9 percent in October

    BOSTON (AP) — The Massachusetts unemployment rate fell last month for the first time in nearly 2½ years as the job market was spurred by expansion in the science, health and business services sectors.

     
  • ImmunoGen licenses technology to Amgen for $1M

    WALTHAM, Mass. (AP) — ImmunoGen Inc. said Thursday that Amgen Inc. licensed rights to a second potential cancer-treatment from the company for $1 million upfront.

     
  • Feds report fewer workplace deaths in New England

    BOSTON (AP) — New England recorded fewer work-related deaths last year, the U.S. Bureau of Labor Statistics reported Thursday, a trend that could be at least partly attributable to the economic downturn.

     
  • Casual Male Retail Group posts smaller 3Q loss

    CANTON, Mass. (AP) — Casual Male Retail Group Inc., which sells men's clothing under the brand names Casual Male XL and Rochester Big & Tall, said Tuesday it posted a smaller third-quarter loss by trimming expenses and improving merchandise margins to offset weak sales.

     
  • Foreclosures in Massachusetts increase in October

    BOSTON (AP) — Foreclosures in Massachusetts soared nearly 30 percent in October compared to the previous month, but are down slightly when compared to the same month last year.

     
  • Anika gets European approval on wrinkle product

    BEDFORD, Mass. (AP) — Skin therapy company Anika Therapeutics Inc. said Thursday it received European approval to market its wrinkle treatment device Elevess Light.

     
  • First Marblehead bank unit sells education loans

    BOSTON (AP) — First Marblehead Corp., which packages students loans for sale to investors, said on Thursday that a bank subsidiary that it's considering selling has completed the sale of its remaining portfolio of private education loans.

     
  • American Superconductor sees bigger profit in '10

    DEVENS, Mass. (AP) — American Superconductor Corp. reaffirmed its full-year outlook Thursday and said it expects its profit to double next fiscal year.

     
  • Click for Full Story No rebuke for 'admonish,' 2009 Word of the Year

    SPRINGFIELD, Mass. (AP) — When the U.S. House admonished Rep. Joe Wilson for shouting "You lie!" at President Barack Obama during a health care speech to Congress, it not only lit up talk show lines, but also sent many people scurrying to the Internet in search of a definition.

     
  • American Express to buy Revolution Money for $300M

    BOSTON (AP) — American Express Co. is buying Revolution Money for about $300 million to keep up with trends in electronic payments, where new security features and online transaction options are shaking up traditional models.

     
  • Click for Full Story BJ's Wholesale 3Q profit falls on legal reserve

    NATICK, Mass. (AP) — A legal settlement pushed down third-quarter profit at BJ's Wholesale Club Inc. 37 percent, the warehouse club operator said Wednesday. But shoppers looking for bargains on food and everyday items sent its sales higher.

     
  • Judge: TSA violated Rastafarian screener's rights

    BOSTON (AP) — The U.S. Equal Employment Opportunity Commission says the rights of a Rastafarian baggage screener at Boston's Logan International Airport were violated when he was threatened with firing unless he cut his hair.