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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
