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Rubin "Hurricane" Carter, who was a top middleweight boxing contender before serving 19 years in prison after a wrongful murder conviction, has died. He was 76.  Carter died in Toronto after a battle with prostate cancer. Carter was rising up the ranks of the boxing world when the New Jersey native found himself in a Patterson, N.J. bar where three people were murdered. He was convicted in 1967 and served until 1985, when his conviction was overturned. The case has served as a symbol of racial…
Good morning and welcome to your Monday. Here's some of your business: 1. AM News Talkers:      In the grim search for nearly 300 missing people aboard the sunken South Korea ferry Jindo, divers are making their way into various parts of the ship — and finding bodies,  The Associated Press reports. South Korean President Park Geun Hye called out the crew of the ferry, stating their actions, or inactions, were "like murder,"  according to Bloomberg. “The actions of the captain and some…
(Reuters) - Oilfield services company Halliburton Co reported a profit for the first quarter, compared with a loss a year earlier when it booked a pre-tax charge of $1 billion related to the Gulf of Mexico spill. Net income attributable to company was $622 million, or 73 cents per share, in the quarter ended March 31, compared with a loss of $18 million, or 2 cents per share, a year earlier. Revenue at the world's second-largest oilfield services company rose about 5 percent to $7.35 billion.
BOSTON (AP) — One year after a pair of homemade pressure-cooker bombs killed three people and wounded more than 260 others, turning a day of athletic triumph into one of tragedy, the Boston Marathon returns to the streets on Monday. For the 118th edition of the world's oldest annual marathon, security along the course will be tighter than ever.
Here’s the schedule of Lists coming up soon and when you can find them. Up next: For April 25, it will be our annual List of the health systems in Greater Baltimore, ranked by gross revenue, along with our List of employee benefits administrators in Maryland. More Lists coming up: For May 2, you’ll see our annual Top 50 List of the oldest family-owned businesses in Greater Baltimore. Then on May 9, we’ll feature a brand new List of 2013’s biggest local construction projects, alongside…
Some 36,000 athletes, including Kenyan and Ethiopian runners who are consistently ranked among the world's fastest, will run in the 118th Boston Marathon on Monday, putting the world-renown race back in the spotlight after it was marred by last year's bombing attack. Returning men's and women's champions Lelisa Desisa of Ethiopia and Rita Jeptoo of Kenya are among the top-ranked runners expected to compete in the 26.2 mile race. But each faces a rival with a faster personal-best time: Dennis Kimetto of Kenya ran last year's Chicago Marathon in 2:03:45 and Ethiopia's Mare Dibaba turned in a 2:19:52 performance at the 2012 Dubois marathon.
State colleges and universities saw public funding increase in 2013 for only the second time in five years, and the early indication is that the momentum might continue to carry over here in Massachusetts. According to Bloomberg News, state and local government funding for colleges and universities increased by 0.7 percent in 2013, rising to $81.6 billion from $81.1 billion in 2012. Another 5.7 percent increase is expected for the current year, the newswire reported, citing a new study to be released…
By Ben Hirschler LONDON (Reuters) - Pfizer may come back to bid for British drug company AstraZeneca after its reported 60 billion pound ($101 billion) takeover approach was rejected, since a deal could make sense for the U.S. pharmaceuticals giant as it seeks to build up its cancer franchise. In addition to adding promising - though still risky - experimental medicines known as immunotherapies that boost the body's immune system to fight tumors, acquiring AstraZeneca could also generate significant cost savings, according to industry analysts. As a result, a deal at around a 25 percent premium to the current share price funded by cash, cheap debt and some stock could boost Pfizer earnings immediately, they believe. Both companies have declined to comment on a report in the Sunday Times, which cited senior investment bankers and industry sources saying that Pfizer approached the British pharmaceuticals group about a deal.
Two Big Pharma companies with strong ties to the Philadelphia region are the subject of the latest mega-merger rumor in the drug manufacturing industry. Pfizer Inc. has expressed an interest in acquiring AstraZeneca for $101 billion, according to a  report in London's Sunday Times. The two companies declined commenting on the report. The Times report said the companies have had informal discussions about a deal, but AstraZeneca officials were not receptive to the overture. The acquisition would…
PAWTUCKET, R.I. (AP) — Hasbro returned to profitability in its first quarter, driven by sales of girls' toys such as My Little Pony and Nerf Rebelle. The prior-year results were dragged down by restructuring charges.
WASHINGTON (AP) — Political and military elites are seizing protected areas in one of Africa's last bastions for elephants, putting broad swaths of Zimbabwe at risk of becoming fronts for ivory poaching, according to a nonprofit research group's report that examines government collusion in wildlife trafficking.
Rocketmiles, a Chicago-based travel booking site, said it has launched a new partnership with Southwest Airlines. Southwest (NYSE: LUV) is the latest of a large number of carriers to link up with Rocketmiles, which allows frequent travelers to book hotels at discounted rates and, in most instances, earn thousands of miles in their designated airline loyalty program for each booking. Launched only a year ago by Jay Hoffmann, Bjorn Larsen and Kris Helenek, Rocketmiles has in short order managed to…
By Nate Raymond NEW YORK (Reuters) - A U.S. appeals court is set hear a case whose outcome could make it harder for the government to prosecute insider trading and potentially jeopardize several high-profile guilty verdicts, including that of SAC Capital Advisors portfolio manager Michael Steinberg. The question facing the 2nd U.S. Circuit Court of Appeals in New York on Tuesday is one that has divided lower court judges: whether to be convicted of insider trading, the recipient of non-public information must know that the source of the tip benefited from the disclosure. The issue is at the heart of the appeal brought by Todd Newman, a former portfolio manager at the hedge fund Diamondback Capital Management, and Anthony Chiasson, co-founder of the hedge fund Level Global Investors.
Former Chesapeake CEO Aubrey McClendon has bought the Oklahoma City-based oil and gas company's suite at AT&T Stadium in Arlington, the home of the Dallas Cowboys. McClendon's been gone from Chesapeake (NYSE: CHK) for a year, but he's still making deals with it, including the suite and a new drilling deal with Chesapeake for his new company, American Energy Partners, the Fort Worth Star-Telegram reported. Chesapeake runs its Barnett Shale operations from a headquarters in Fort Worth. According…
By Leika Kihara TOKYO (Reuters) - The Bank of Japan is likely to hold off on expanding monetary stimulus for as long as possible but when it does act, it will take "extraordinary" steps such as buying government bonds on a massive scale, a former central bank policymaker said on Monday. Miyako Suda, who served on the BOJ board for a decade until 2011 and helped to plot Japan's battle against deflation, added that despite some initial success the central bank is unlikely to meet its inflation target, since it is unclear how its huge asset purchases would lead to higher inflation expectations. "The BOJ will probably maintain its bullish price forecast for as long as possible and keep policy unchanged until it becomes absolutely impossible to continue arguing that its price target can be met," Suda told Reuters in an interview.
It isn't easy forming a new company out of one that's well established. But the most difficult aspect? Naming that new company. That's according to John Jumper, the chairman and chief executive of Leidos, the newly created professional services company. Jumper told The Washington Pos t coming up with the name for the spinoff from Science Applications International Corp. was worse than dental work. “If you have a choice between a root canal and naming a company, choose a root canal,” Jumper…
Amanda North, founder and chief executive officer of Artisan Connect, talks about surviving the bombing at last year's Boston Marathon and how it inspired her to create her own startup. North speaks with Bloomberg's Ari Levy in Woodside, California. (Source: Bloomberg)
By Shinichi Saoshiro TOKYO (Reuters) - Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent. Japan's Nikkei stock average rose 0.3 percent on the back of a weaker yen. Share markets in London, Paris and Frankfurt are closed for the Easter holiday.
A research collaboration involving Harvard Medical School and Massachusetts General Hospital appears to have confirmed one of the great unknown-knowns in American society: Pot smoking among young people often results in a slacker mentality. According to a study to be published Wednesday by Harvard, MGH and Northwestern University, casual smoking of marijuana can result in brain alterations that ultimately affect the regions most associated with emotions and motivation. According to a report by…
NEW YORK (AP) — Rising costs for materials and labor appear to be pressuring businesses, according to a quarterly survey from the National Association of Business Economics.
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