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What happens if Twinkies really do go away?

Written By Unknown on Sabtu, 17 November 2012 | 20.25

Let's not panic. We all know that Twinkies, Ding Dongs, Wonder bread and the rest of Hostess Brands' oddly everlasting foods aren't going away any time soon, even if the food culture that created them is gasping its last.

Yes, Hostess is shutting down. And odds seem to favor the roughly century-old company disappearing from our corporate landscape. But before you rush out to stockpile a strategic Twinkie reserve, consider a few things. Namely, that Twinkies never die. You know full well that the snack cakes down at your corner 7-Eleven are going to outlive us all. Probably even after they've been consumed.

And then there's the acquisition-happy nature of the business world, an environment that increasingly prizes intellectual property above all. It's hard to imagine the fading away of brands as storied and valuable as Ho Hos, Ring Dings and Yodels. Within hours of announcing the closure Friday, the company already had put out word that Zingers, Fruit Pies and all the other brands were up for grabs.

Even if production really did stop, how long do you think it would take for some enterprising investor intoxicated by a cocktail of nostalgia and irony for the treats Mom used to pack in his G.I. Joe lunch box to find a way to roll out commemorative Twinkies? Special edition holiday Ho Hos? It's just the nature of our product-centered world. Brands don't die, even when perhaps they should.

But let's pretend for a moment they did. What would we lose if Twinkies fell off the culinary cliff?

Certainly few obesity-minded nutritionists would bemoan the loss. With some 500 million Twinkies produced a year, each packing 150 calories... Well, let's just leave it by saying that shaving 75 billion calories from the American diet sure could add up to a whole lot of skinny jeans.

Except that Twinkies aren't merely a snack cake, nor just junk food. They are iconic in ways that transcend how Americans typically fetishize food. But ultimately, they fell victim to the very fervor that created them.

Despite the many urban legends about the indestructability of Twinkies — Did you know they are made with the same chemical used in embalming? Or that they last 5, no 15, no 50 years? — and the many sadly true stories about the atrocious ingredients used to create them today, these treats once upon a time were the real deal.

They started out back in 1930, an era when people actually paid attention to seasonality in foods. James A. Dewar, who worked at Hostess predecessor Continental Baking Company in Schiller, Ill., wanted to find a way to use the bakery's shortbread pans year round. You see, the shortbread was filled with strawberries, but strawberries were only available for a few weeks a year.

So he used the oblong pans to bake spongecakes, which he then filled with banana cream. Bananas were a more regular crop.

Let's pause so you can wrap your mind around that for a moment. Twinkies once contained real fruit. Twinkies were created because of seasonality.

All went swimmingly until World War II hit and rationing meant — say it with me — Yes! We have no bananas. And so was born the vanilla cream Twinkie, which was vastly more popular anyway. Even then, there was a crafted element to these treats. The filling was added by hand using a foot pedal-powered pump. Pump too hard and the Twinkies exploded. These days you only see that when teenagers post YouTube videos of themselves microwaving them.

It was around this time that American food culture did an about face. It was an era when the industrialization and processing of cheap food wasn't just desired, it was glorified. Cans and chemicals could set you free. And they certainly set Twinkies free of the nuisance of a short shelf life. It's not formaldehyde that keeps these snack cakes feeling fresh, it's the lack of any dairy products in the so-called "cream."

"Something about it just absolutely grabbed the popular culture imagination," says Marion Nestle, a New York University professor of nutrition and food studies — and no fan of junk food. "It's the prototypical indestructible junk food. It was the sort of height to which American technological ingenuity could go to create a product that was almost entirely artificial, but gave the appearance of eclairs."

When Twinkies signed on as a sponsor of the "Howdy Doody" show during the 1950s, their cultural legacy was sealed. Taglines such as "The snacks with a snack in the middle" began etching themselves into generations of young minds and it was considered perfectly fine that Twinkie the Kid would lasso and drag children before stuffing his sugar bombs in their faces.

It was the snack cake heyday. Twinkies were being deep-fried at state fairs, doing cameos in movies like "Ghost Busters" and "Die Hard" and being pushed by Spider-Man in comic books. A pre-vegan President Bill Clinton even signed off on including Twinkies in the nation's millennium time capsule (the two-pack was later removed and consumed by his council overseeing such matters for fear mice would add themselves to the time capsule).

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


20.25 | 0 komentar | Read More

Nokia Lumia 920 brightest light for Windows phones

The masterfully botched launch of Windows 8 phones brought zero lines of eager consumers to wireless retailers across the nation.

But here we have Microsoft's last chance to show its smartphone gambit is for real. The Windows 8 platform has been refined and supercharged, with its capabilities fully showcased in the Nokia Lumia 920.

It is, to put it plainly, a beast. The first thing you'll notice is its heft. Nokia's big bet is that the technology packed into this 6.5-ounce, 5.13-inch frame will be worth the tradeoff in bulk. Near-field communication, wireless charging and all-day battery life are some of those features.

The buzz is that the Lumia 920 sports the best camera of any of the Windows phones, but I would go further to say it's among the best smartphone cameras on the market, with remarkable low-light capabilities and image stabilization.

Nokia's camera comes with an excellent suite of exclusive apps. Cinemagraph allows you to animate part of your picture, similar to a built-in Gif maker. Smart Shoot allows you to take a picture of something blocked by moving objects. For instance, if you're at the Louvre and hordes of tourists are walking by the Mona Lisa when you want to take a picture, Smart Shoot will take a series of photos and splice them together, erasing the people blocking your view.

A winning feature of Windows phones has been its people hub for integrating social information — tweets, status updates, photos — from your contacts into one stream. The new OS takes this a step further, allowing you to group your contacts into "rooms." It's similar to Google Plus circles, but with deep integration into Microsoft Apps and office features, so you can push out documents and hold chats.

With high-quality tablets and ultrabooks galore, the Windows ecosystem is improving. And at just $99 on-contract with AT&T, the Lumia 920 will not disappoint if you're OK with its size.


20.25 | 0 komentar | Read More

Focus Electric needs more range

The long and winding road to building a better electric car continues, though it is a very long road, indeed. Case in point is the Focus Electric, the first passenger vehicle from Ford to be powered solely by electricity.

It looks like a gas-powered Focus and rides like one, too. So far, so good.

Unfortunately, you won't be going very far. A full charge will only get you about 75 miles down the road (maybe a 100 miles if you drive gingerly). That's a real deal-breaker for most drivers. Who wants to worry about making it to work or getting home before the battery runs down?

Realistically, electric cars today are only for the well-heeled early adopters, who will use them as a secondary vehicle or simply don't need to drive long distances.

Having said that, I will say the Focus Electric is a step in the right direction. Not as futuristic-looking as the Nissan Leaf, it charges in half the time. It's a nice, sporty car with sweeping headlights and a stylish, Aston Martin-type grille.

A lithium-ion battery system powers the vehicle. The 107-kilowatt motor is only equivalent to a 140-horsepower engine, but since it's electric it produces 184 ft.-lbs. of torque, providing super-quick acceleration.

Handling is good, with tight cornering and responsive steering. It's a quiet car, inside and out.

The regenerative brakes are excellent and you can squeeze out a few extra miles by braking gently. One problem with using batteries to power your car is where to put them. Ford didn't do us any favors by sticking them in the trunk, severely limiting cargo space. The rear seats do fold down, though, when you want more room.

The Ford Electric offers push-button start, dual zone auto climate control, rear-view camera, blind spot mirrors and rain-sensing wipers. High quality sound comes from nine Sony speakers and the MyFord Touch system allows you to control your phone, music, navigation and temperature either by voice or touch. The system works well once you figure out the overly complicated design.

Showing Ford's eco-consciousness, the seats are made out of recycled materials and the cushions are made of bio-based foam derived from plant seed oils.

Ford has partnered with Best Buy to encourage you to purchase their 240-volt home charger ($1,500) that will give you a full charge in 3-4 hours. If you stick with your regular 120-volt AC outlet, you're looking at an 18-20 hour charging time. The charging port, located near the driver's side door, shows you its status with a pleasant blue-glowing ringlight that grows in diameter the longer you charge.

Getting America's drivers to embrace electric vehicles will be a long-term project, given their limited range. The Tesla Motor Co. makes a drool-worthy model that can go up to 300 miles on a single charge, but it costs upwards of $80,000. Until the infrastructure is in place, whereby you can simply go to your local station for a quick (minutes, not hours) charge, EVs will remain a tough sell.


20.25 | 0 komentar | Read More

Fidelity shifts to Seaport

Fidelity Investments is moving its corporate headquarters to Summer Street on the edge of the Innovation District — a change that analysts say signals a major shift in the Financial District toward the Southie waterfront and reaffirms the financial giant's commitment to Boston.

"The hub of the financial services industry is clearly moving toward the water. Parking is easier, commuting is easier — both for Fidelity's employees and its clients — and they're right across the street from some of the biggest financial players in town," said Jim Lowell, editor-in-chief of the independent newsletter fidelityinvestor.com, referring to the Federal Reserve Bank of Boston and BlackRock. "I think we'll likely see the complete redefinition of the Financial District away from State Street."

Fidelity, led by founder and chairman Edward "Ned" Johnson, first acquired the 245 Summer St. property in 1999. After initially sharing space in the building with other businesses, the company began to increase its presence in the 14-story, 900,000-square-foot property, and about 2,900 of its employees are based there today. The 600 at its current headquarters and its other buildings on Devonshire and Congress streets will remain there until the company decides the future of that block, said Vincent Loporchio, a Fidelity spokesman.

"The new headquarters is in a prime real estate area that offers lots of options," Loporchio told the Herald. "We've long felt it was a terrific part of the city."

Fidelity was a pioneer in the Innovation District when there was little else there, he said, noting that its developments included the World Trade Center and the Seaport Hotel.

Since then, the area has attracted everything from the Institute for Contemporary Art to the high-end clothing store Louis Boston to the startup accelerator and competition MassChallenge — a string of coups that the head of The Boston Harbor Association credited largely to Mayor Thomas M. Menino,, who branded the area the Innovation District.

"He created the image that this is the place to be," said Vivien Li. "It's about innovation, creativity, edginess. To be in this area is to be in a very exciting part of the city."

Ultimately, Fidelity's move is also good news for Boston and the state, said John Bonnanzio, editor of Fidelity Monitor & Insight, an independent investment advisory newsletter.

"Psychologically, it's a shot in the arm and takes off the table any concern that the company would move elsewhere," Bonnanzio said.

In March 2011, Fidelity announced it would close its Marlboro campus and send most of those 1,100 jobs to its offices in Merrimack, N.H., and Smithfield, R.I. Last month, the company said it would build a $200 million data center in Nebraska.


20.25 | 0 komentar | Read More

Crowd-funding finds way to real estate financing

Crowd-funding has transformed the startup landscape, but can the insular world of real estate benefit from this model as well?

It's being tried in different forms, mostly centered on commercial real estate.

The Boston startup Collaperty, for instance, hopes to connect proven investors with real estate deals. But whether this is the future of property dealing or a dead-end dot-com fantasy is anyone's guess.

The ability for crowdfunding — or democratizing, crowd-sourced investment — was expanded by the federal Jumpstart Our Business Startups Act passed in the spring.

Even before that, sites such as Kickstarter and IndieGogo were replacing rich uncles everywhere.

Now, the real estate industry is an increasing focus.

Some sites operate like Fundrise, which allows investors in Washington, D.C., and Virginia to invest nominal sums of money in real estate projects. For instance, 175 investors contributed a total of $325,000 to fund an urban revitalization project in D.C. in exchange for 30 percent of the profits.

These sites tap into hostility against Wall Street, the egalitarian sense that the Internet can open up opportunities previously reserved for tycoons. Also, the model tends to work well for high-risk, bordering on charitable projects.

Yet that is not the premise of locally grown Collaperty.

Rishi Palriwala, 28, wants his site to cater to proven investors. He's aiming to employ a system of vetting that will weed out the inexperienced.

An amateur real estate investor and corporate finance analyst by day, Palriwala envisions a site with many revenue streams: posting fees for sellers and sponsors who organize the deals, along with subscription fees for providing commercial real estate analytics and third-party escrow services.

"It's this whole idea of collaborating with qualified investors," he said. "Real estate's a pretty private investment vehicle. We're trying to add a little transparency to how that's done."

Commercial real estate is naturally collaborative, with most deals involving some type of joint venture and a variety of equity arrangements. Yet the commercial real estate establishment hasn't warmed to the idea of crowd-funding entering its sphere of influence.

David Begelfer, head of the commercial real estate association NAIOP, said the risks are too complex.

"There are so many elements involved in making this type of investment," he said. "There may be a place for it, but there also might be an element of risk and potential for loss that ultimately might lead to a crackdown on it."


20.25 | 0 komentar | Read More

Business - BostonHerald.com

Written By Unknown on Jumat, 16 November 2012 | 20.25

Business - BostonHerald.comBusiness - BostonHerald.com

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Fri, 16 Nov 2012 08:11:48 -0500 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/general/view.bg?articleid=1061175201&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175201&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175201&srvc=rss BP's $4.5 billion settlement of federal criminal charges announced Thursday is a record amount, and a significant... business Fri, 16 Nov 2012 07:49:51 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175199&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175199&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175199&srvc=rss IRVING, Texas - Hostess Brands says it is going out of business, closing plants that make Twinkies and Wonder... business Fri, 16 Nov 2012 07:45:56 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&srvc=rss WILMINGTON, Del. - A Delaware bankruptcy judge has approved the sale of failed solar power company Solyndra's former... business Thu, 15 Nov 2012 23:21:44 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&srvc=rss These three homes on the market in Boston offer amenities that will have you celebrating the holidays in style.... business Thu, 15 Nov 2012 22:36:20 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&srvc=rss Mass. jobless rate up as 7,900 jobs added Massachusetts added 7,900 jobs in October, but a separate survey showed... business Thu, 15 Nov 2012 22:13:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&srvc=rss State Attorney General Martha Coakley would like to see the state tackle energy in the same way it's approaching... business Thu, 15 Nov 2012 22:11:41 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&srvc=rss State officials and business leaders yesterday blasted out-of-control health-care spending that gobbles up more... business Thu, 15 Nov 2012 22:09:47 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&srvc=rss Efforts are under way to put the bankrupt Upper Crust pizza chain back in business after the court-appointed trustee... business Thu, 15 Nov 2012 22:07:46 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&srvc=rss With a $50,000 grant from the Boston committee of the Garden Club of America, the Boston Harbor Association plans... business Thu, 15 Nov 2012 22:07:04 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&srvc=rss Amid a worldwide push to make energy-eating data centers more efficient, a new environmentally friendly computing... business Thu, 15 Nov 2012 22:05:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&srvc=rss SAN FRANCISCO - FedEx and UPS are disclosing that they are targets of a federal criminal investigation related... business Thu, 15 Nov 2012 21:45:48 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&srvc=rss NEW YORK - This holiday season, the biggest discount chains in the U.S. will tell the tale of two very different... business Thu, 15 Nov 2012 19:28:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&srvc=rss Despite adding 7,900 jobs last month, Massachusetts' dependence on Europe as an export market and dwindling business... business Thu, 15 Nov 2012 18:30:22 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&srvc=rss Lt. Gov. Tim Murray this morning said he would "like to be governor," but he would not say whether Gov. Deval Patrick... business Thu, 15 Nov 2012 17:26:29 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&srvc=rss When it comes to marketing, Harvard Book Store keeps in mind that its audience is really smart. "We're just... business Thu, 15 Nov 2012 17:13:59 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&srvc=rss WASHINGTON - The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and... business Thu, 15 Nov 2012 16:51:26 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&srvc=rss WASHINGTON - Federal Reserve Chairman Ben Bernanke said Thursday that banks' overly tight lending standards may... business Thu, 15 Nov 2012 16:49:49 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&srvc=rss NEW YORK - A computer outage at United Airlines delayed thousands of travelers on Thursday and embarrassed the... business Thu, 15 Nov 2012 16:20:34 -0500 http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&srvc=rss NEW YORK - The Spanish-language media company Univision is working with one of its top advertisers to encourage... business Thu, 15 Nov 2012 16:10:53 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&srvc=rss NEW ORLEANS - A day of reckoning arrived for BP on Thursday as the oil giant agreed to plead guilty to a raft... business Thu, 15 Nov 2012 16:01:32 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&srvc=rss NEW YORK - Wal-Mart Stores Inc. reported a 9 percent increase in net income for the third quarter, but revenue... business Thu, 15 Nov 2012 15:48:26 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&srvc=rss Massachusetts Mutual Life Insurance Company was charged with securities law violations today by the Securities... business Thu, 15 Nov 2012 15:06:08 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&srvc=rss The gap between Massachusetts' richest and poorest households is the eighth highest in the nation, according to... business Thu, 15 Nov 2012 15:00:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&srvc=rss NEW YORK - Hostess Brands Inc. is warning striking employees that it will move to liquidate the company if they... business Thu, 15 Nov 2012 14:29:14 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&srvc=rss NEW YORK - Verizon and AT&T say their wireless networks are fully back up after Superstorm Sandy blew into the... business Thu, 15 Nov 2012 13:17:41 -0500

Business - BostonHerald.comBusiness - BostonHerald.com

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Fri, 16 Nov 2012 08:11:48 -0500 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/general/view.bg?articleid=1061175201&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175201&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175201&srvc=rss BP's $4.5 billion settlement of federal criminal charges announced Thursday is a record amount, and a significant... business Fri, 16 Nov 2012 07:49:51 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175199&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175199&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175199&srvc=rss IRVING, Texas - Hostess Brands says it is going out of business, closing plants that make Twinkies and Wonder... business Fri, 16 Nov 2012 07:45:56 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&srvc=rss WILMINGTON, Del. - A Delaware bankruptcy judge has approved the sale of failed solar power company Solyndra's former... business Thu, 15 Nov 2012 23:21:44 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&srvc=rss These three homes on the market in Boston offer amenities that will have you celebrating the holidays in style.... business Thu, 15 Nov 2012 22:36:20 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&srvc=rss Mass. jobless rate up as 7,900 jobs added Massachusetts added 7,900 jobs in October, but a separate survey showed... business Thu, 15 Nov 2012 22:13:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&srvc=rss State Attorney General Martha Coakley would like to see the state tackle energy in the same way it's approaching... business Thu, 15 Nov 2012 22:11:41 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&srvc=rss State officials and business leaders yesterday blasted out-of-control health-care spending that gobbles up more... business Thu, 15 Nov 2012 22:09:47 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&srvc=rss Efforts are under way to put the bankrupt Upper Crust pizza chain back in business after the court-appointed trustee... business Thu, 15 Nov 2012 22:07:46 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&srvc=rss With a $50,000 grant from the Boston committee of the Garden Club of America, the Boston Harbor Association plans... business Thu, 15 Nov 2012 22:07:04 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&srvc=rss Amid a worldwide push to make energy-eating data centers more efficient, a new environmentally friendly computing... business Thu, 15 Nov 2012 22:05:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&srvc=rss SAN FRANCISCO - FedEx and UPS are disclosing that they are targets of a federal criminal investigation related... business Thu, 15 Nov 2012 21:45:48 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&srvc=rss NEW YORK - This holiday season, the biggest discount chains in the U.S. will tell the tale of two very different... business Thu, 15 Nov 2012 19:28:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&srvc=rss Despite adding 7,900 jobs last month, Massachusetts' dependence on Europe as an export market and dwindling business... business Thu, 15 Nov 2012 18:30:22 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&srvc=rss Lt. Gov. Tim Murray this morning said he would "like to be governor," but he would not say whether Gov. Deval Patrick... business Thu, 15 Nov 2012 17:26:29 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&srvc=rss When it comes to marketing, Harvard Book Store keeps in mind that its audience is really smart. "We're just... business Thu, 15 Nov 2012 17:13:59 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&srvc=rss WASHINGTON - The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and... business Thu, 15 Nov 2012 16:51:26 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&srvc=rss WASHINGTON - Federal Reserve Chairman Ben Bernanke said Thursday that banks' overly tight lending standards may... business Thu, 15 Nov 2012 16:49:49 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&srvc=rss NEW YORK - A computer outage at United Airlines delayed thousands of travelers on Thursday and embarrassed the... business Thu, 15 Nov 2012 16:20:34 -0500 http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&srvc=rss NEW YORK - The Spanish-language media company Univision is working with one of its top advertisers to encourage... business Thu, 15 Nov 2012 16:10:53 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&srvc=rss NEW ORLEANS - A day of reckoning arrived for BP on Thursday as the oil giant agreed to plead guilty to a raft... business Thu, 15 Nov 2012 16:01:32 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&srvc=rss NEW YORK - Wal-Mart Stores Inc. reported a 9 percent increase in net income for the third quarter, but revenue... business Thu, 15 Nov 2012 15:48:26 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&srvc=rss Massachusetts Mutual Life Insurance Company was charged with securities law violations today by the Securities... business Thu, 15 Nov 2012 15:06:08 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&srvc=rss The gap between Massachusetts' richest and poorest households is the eighth highest in the nation, according to... business Thu, 15 Nov 2012 15:00:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&srvc=rss NEW YORK - Hostess Brands Inc. is warning striking employees that it will move to liquidate the company if they... business Thu, 15 Nov 2012 14:29:14 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&srvc=rss NEW YORK - Verizon and AT&T say their wireless networks are fully back up after Superstorm Sandy blew into the... business Thu, 15 Nov 2012 13:17:41 -0500


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SKorean presidential hopeful vows freer Internet

Written By Unknown on Kamis, 15 November 2012 | 20.25

SEOUL, South Korea — A South Korean presidential candidate is promising to get rid of encryption technology that ties South Korean Internet users to a single web browser — Microsoft's Internet Explorer — for online transactions.

Ahn Cheol-soo, a popular independent presidential candidate, said companies will be free to choose what online security technology they use if he wins the December election.

Voters welcomed the pledge to end the mandatory use of government-designated online certificates for Internet banking and shopping.

The existing system based on 'Active X' technology has been criticized for limiting choice of web browsers and computer operating systems and slowing down computers.

Ahn said that South Korea's unique certificate system has isolated its technology industry from the rest of the world and made web browsing less convenient.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Forecasters predict buying bonanza

Massachusetts retailers hope for a third straight year of holiday sales increases amid growing consumer confidence despite the looming "fiscal cliff."

The Retailers Association of Massachusetts is forecasting a 3.5 percent rise in November and December sales to an estimated $14 billion based on a survey of its 3,500 members. Sales climbed 5 percent last year and 7 percent in 2010 after three years of single-digit declines.

"It's a solid increase that reflects the fact that the consumer is becoming more confident, but they're still being cautious," said Jon Hurst, the trade group's president. "They're not going to go out and go into debt. They learned a tough lesson in 2008."

Five full weekends between Thanksgiving and Christmas and the maximum number of days between the two holidays mean more opportunities for store trips and unplanned impulse buys to fuel holiday sales, according to Hurst.

"The weekends after Thanksgiving and leading into Christmas are long weekends," Hurst said. "Those are, by far, the most important. I think they'll be gangbuster."

The National Retail Federation, meanwhile, expects holiday sales nationwide to climb 4.1 percent to $586.1 billion.

The NRF yesterday called on President Obama and Congress to devise a plan to avoid the end-of-the-year "fiscal cliff" of tax increases and federal spending cuts by Thanksgiving, saying the uncertainty threatens consumer confidence during the holiday shopping season.

But Hurst sees the "fiscal cliff" as less of a threat, likening it to gasoline prices.

"A lot of consumers have grown accustomed to both political games and gas prices," he said. "Most consumers understand that a solution will come sooner or later. The key for consumers is to see cooperation, to see some progress."

Actual holiday sales grew 5 percent last year in Massachusetts — more than double the projected increase — and 7 percent in 2010 after a 4.3 percent rise was projected. Hurst acknowledged that RAM members may be a little conservative.

"They're small businesses," he said. "They are naturally cautiously optimistic. They, like the consumer, learned some things. In 2008 and 2009, you wanted to come down on the side of being a little cautious as far as how much you invested in your inventory, and you didn't want to over-extend yourself."


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How new Google Nexus 10 compares with rivals

Google has started shipping a larger version of its Nexus tablet computer, one that comes closer to competing with Apple's full-size iPad and other tablets. Here's a look at how the Nexus 10 compares with other tablets with similar screens.

Google Inc.'s Nexus 10

— Price: $399 for 16 gigabytes of storage, $499 for 32 GB

— Screen size: 10.1 inches diagonally

— Screen resolution: 2560 by 1600 pixels, at 300 pixels per inch.

— Weight: 1.33 pounds.

— Cameras: 5-megapixel camera on back and a low-resolution camera on front, for videoconferencing

— Battery life: 9 hours for video playback, 7 hours for Web browsing.

— Operating system: Google's Android

Pros: Access to a variety of games, utilities and other software for Android devices, though not as extensive as apps available for iPad. Longer, narrower screen better suited to movies. Cheaper than newest full-size iPad.

Cons: Integrates with Google Play store, which is still new and isn't as robust as Apple or Amazon's stores. Data storage cannot be expanded with memory cards. No option for cellular wireless broadband.

Apple's iPad:

— Price: Starts at $499 for 16 gigabytes of storage, goes up to $699 for 64 gigabytes, more for versions with cellular data access. (Apple still sells the older, iPad 2 for $399.)

— Screen size: 9.7 inches diagonally

— Screen resolution: 2048 by 1536 pixels, at 264 pixels per inch.

— Weight: 1.44 pounds

— Cameras: 5-megapixel camera on back and a low-resolution camera on front, for videoconferencing

— Battery life: 10 hours.

— Operating system: Apple's iOS

Pros: Unmatched access to third-party applications, high-quality Apple software and the iTunes store. Widest range of cases and accessories available. Available with access to fast 4G wireless broadband networks, starting at $629.

Cons: Data storage cannot be expanded with memory cards.

Amazon.com Inc.'s Kindle Fire HD 8.9 (available Nov. 20):

— Price: $299 for 16 gigabytes of storage, $369 for 32 GB.

— Screen size: 8.9 inches diagonally

— Screen resolution: 1920 by 1200 pixels, at 254 pixels per inch.

— Weight: 1.25 pounds.

— Cameras: Front-facing camera.

— Battery life: Undisclosed.

— Operating system: Modified version of Google's Android

Pros: Cheap and portable. Convenient access to Amazon store. Dolby audio. Available with access to fast 4G wireless broadband networks, for $499.

Cons: Small selection of third-party applications available from Amazon. No rear camera for taking video and photos.

Samsung Electronic Co.'s Galaxy Tab 2 10.1

:

— Price: $399 for 16 gigabytes of storage

— Screen size: 10.1 inches diagonally

— Screen resolution: 1280 by 800 pixels, 149 pixels per inch

— Weight: 1.24 pounds

— Cameras: low-resolution front camera, 3-megapixel back.

— Battery life: 11 hours.

— Operating system: Google's Android

Pros: Storage is expandable with microSD memory cards. Can act as a universal remote control for an entertainment center. Option for wireless broadband starting in November.

Cons: Selection of third-party applications not as good as iPad's, but wider than Kindle. Screen resolution lower than iPad's.

Samsung Electronic Co.'s Galaxy Note 10.1:

— Price: $499 for 16 gigabytes of storage, $549 for 32 GB

— Screen size: 10.1 inches diagonally

— Screen resolution: 1280 by 800 pixels, 149 pixels per inch

— Weight: 1.3 pounds

— Cameras: low-resolution front camera, 5-megapixel back.

— Battery life: 9 hours.

— Operating system: Google's Android

Pros: Comes with a pen, for jotting notes and drawing on the screen. Slightly thinner and lighter than an iPad. Longer, narrower screen better suited to movies. Storage is expandable with microSD memory cards. Can act as a universal remote control for an entertainment center.

Cons: Selection of third-party applications not as good as iPad's, but wider than Kindle. Screen resolution lower than iPad's. No option for wireless broadband. Pen sensor slightly shortens battery life.

Barnes & Noble Inc.'s Nook HD+

— Price: $269 for 16 gigabytes of storage; $299 for 32 GB

— Screen size: 9 inches diagonally

— Screen resolution: 1920 x 1280 pixels, 256 pixels per inch

— Weight: 1.14 pounds

— Cameras: None.

— Battery life: 10 hours of reading, 9 hours of video

— Operating system: Modified version of Google's Android

Pros: Cheap and portable. Storage is expandable with microSD memory cards. Easy access to Barnes & Noble book store.

Cons: Selection of third-party applications is small. Barnes & Noble lacks wide range of content. Lacks cameras and option for wireless broadband.

Microsoft Corp.'s Surface

:

— Price: $499 for 32 gigabytes of storage, $100 extra for keyboard cover. $699 for 64 GB version, includes keyboard cover.

— Screen size: 10.6 inches diagonally

— Screen resolution: 1366 by 768 pixels, 148 pixels per inch

— Weight: 1.5 pounds.

— Cameras: Front and back cameras

— Battery life: 8 hours.

— Operating system: Microsoft's Windows RT.

Pros: Storage can be expanded with microSD memory cards. Comes with free Microsoft Office software. Models running full version of Windows 8 coming soon, offering compatibility with programs available for traditional Windows computers.

Cons: Operating system lacks good track record on tablets. Selection of tablet-adapted third-party applications small. No option for wireless broadband.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Egad! Nexus 10 nearly outperforms iPad

The Nexus 10 could be an iPad killer. It comes so darn close I can almost taste it.

But it's not quite there yet.

In some ways, Google's new 10-inch tablet is better than the iPad. The grippy, rubbery body is more accessible than the hard-as-a-rock iPad. I don't feel as if it will shatter like fine crystal if my kid drops it on the floor. By contrast, I'd like to cover the iPad 4 that I use in layers of protective bubble wrap. It's a relief not to feel the same compulsion with the Nexus 10.

Another huge plus: The speakers are conveniently positioned on the front edges, so they face you when you watch a movie or video. The audio thus puts the iPad to shame.

What's more, the Nexus 10 is just as "resolutionary" as the iPad. Technically it's got higher resolution than Apple's so-called Retina Display, but it's imperceptible. The picture quality is a draw. That's the biggest compliment a tablet screen could get at this point.

Android continues to perfect its operating system, and the results are increasingly clean and intuitive. Combined with apps that are as good, if not better than what iOS offers, you've got yourself an excellent user experience in the Nexus 10.

However, there's a downside. The Nexus 10 I tested was not as zippy as I've come to expect from the iPad. I used it on the same wireless networks that I connect the iPad to every day, and there's no doubt the Nexus was slower. Searching for apps and movies on Google Play often prompted the screen to say it was "loading." Indefinitely. Google Chrome and Firefox crashed more times than I could count. There were times when I wished for a ctrl+alt+delete option. My guess is Android will push out some bug fixes for this soon. But for now, if you're easily frustrated by glitches, try the Nexus 7 or the iPad.

Still, with its incredibly reasonable price starting at $399, $100 less than the iPad, the Nexus 10 is a solid addition to the world of top-shelf tablets. Anyone who wants a rugged tablet with a great media viewing experience will be pleased. Equip this baby with 4G LTE and I'm sold.


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RIM offers free voice calls over Wi-Fi with BBM

TORONTO — BlackBerry users will be able to make free voice calls over a Wi-Fi network using the popular BBM messaging service.

Research In Motion Ltd. announced Wednesday that it's adding the feature to BBM. Users will be able to switch back and forth from a text chat to a voice call. A split-screen option will let them talk and text at the same time.

The new feature is a free update for existing customers and comes months before RIM introduces its new BlackBerry 10 smartphones, which are seen critical to RIM's survival.

RIM surprised analysts in September when it announced that the number of BlackBerry subscribers grew, thanks in part to emerging markets and its popular BBM service. It's struggling in North America as customers migrate to flashier iPhones and Android phone.

RIM stopped short of offering the BBM voice feature over wireless carriers' own cellular networks. Doing so would have potentially created more congestion on cellular data networks and deprive carriers of revenue for voice calls. With the new feature, the free calls are limited to times and places where Wi-Fi is available.

The Canadian company said the BBM voice feature is especially attractive for developing markets. Unlike regular texts, BBM messages are not charged on a per-text basis.

Although RIM is struggling in North America, the BlackBerry continues to sell well in such markets as South Africa, Nigeria and Indonesia.

The BBM service has long been a reason for BlackBerry users to not defect to other smartphones but there are rival messaging services. There are more than 60 million BBM users worldwide.

RIM said the BBM voice update is currently available for BlackBerry smartphones running the BlackBerry 6 operating system or higher, with plans for BlackBerry 5 later. RIM's latest phones run the 7 operating system. The next version, BlackBerry 10, will come soon after a Jan. 30 launch event.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Wal-Mart launches food subscription service

Written By Unknown on Rabu, 14 November 2012 | 20.25

NEW YORK — Wal-Mart Stores Inc. on Wednesday will officially launch a mail subscription service, called Goodies, that lets shoppers discover new foods from the comfort of their homes.

For a monthly fee of $7 that includes tax and shipping, customers get a box of five to eight hand-picked, sample-size food items, ranging from organic to ethnic products that are not currently carried on Wal-Mart's shelves. The world's largest retailer began testing the service three months ago and so far has 3,000 subscribers. For November items include pumpkin souffle mix, white cheddar popcorn and dark chocolate-infused Quinoa bars.

Wal-Mart told reporters in late May that its research division — Walmart Labs — was creating a food subscription service, but the company didn't offer many details.

It works like this: users can sign up for the service at www.goodies.co . The monthly price is almost half of the total value of the items if they were purchased separately, according to Wal-Mart. If customers like the products, they can purchase full-size versions on the Goodies Co. website. Goodies has also created a social community online where subscribers can post reviews to earn loyalty points. The points can be redeemed in the future for items in the store.

Ravi Raj, vice president of products at San Bruno, Calif.-based Walmart Labs said it wanted to start a subscription service for food because it is "inherently very social."

"People love to talk about new food products," Raj said.

Wal-Mart, the world's largest food retailer, is also looking to use Goodies as a way to spot food trends in its stores.

"Wal-Mart is the largest grocer but there's room for us to innovate," Raj said. If the company builds a viable business, that's "super valuable for Wal-Mart," he added.

Over the past several years, the number of subscription services has grown and includes purveyors of everything from socks to beauty products. Online underwear seller Freshpair.com started a subscription service last year.

"It's a good model, if there's an element of discovery," said Sucharita Mulpuru, a Forrester Research analyst.

Wal-Mart's move into subscription services comes as it's experimenting with different ways to cater to its customers. Last month Wal-Mart announced it was testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Former Obama regulatory chief has book deal

NEW YORK — A former Obama administration official has a book coming about how government might work in the future.

Cass Sunstein, President Barack Obama's regulatory chief for three years, has a deal with Simon & Schuster for "Simpler: The Future of Government." The publisher announced Wednesday that the book is scheduled for release in June.

According to Simon & Schuster, "Simpler" will offer an accessible look past the debate of big and small government and outline simple and democratic regulations.

Sunstein has written or co-written numerous books, including "Nudge," "On Rumors" and "The Second Bill of Rights."

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Obama pressing business and labor on fiscal cliff

WASHINGTON — President Barack Obama is lobbying business and labor groups to support his plan to avoid an impending fiscal cliff, telling the two sides he remains committed to requiring the wealthy to pay more in taxes.

Obama was meeting Wednesday with about a dozen business executives as the White House and Congress face a series of expiring tax cuts and across-the-board spending cuts scheduled to take effect because lawmakers failed to reach a deal to reduce the federal debt. Business groups want an agreement before the end of the year, warning that the uncertainty could roil the financial markets and harm the economic recovery.

The White House meeting follows a gathering of labor leaders and liberal groups Tuesday in which participants said Obama remained clear that he would push for his campaign pledge of making the wealthiest Americans pay more in taxes.

"We're prepared to stand up to make sure there is shared sacrifice here, so the rich actually start paying their fair share and the middle class don't get soaked for that," said AFL-CIO President Richard Trumka.

Obama was expected to speak in greater detail on the year-ending lame-duck session of Congress at a White House news conference Wednesday. Failure to act would lead to spending cuts and higher taxes on all Americans, with middle-income families paying an average of about $2,000 more next year, according to the nonpartisan Tax Policy Center.

Sen. Dick Durbin of Illinois, part of the Democratic leadership team, said Wednesday that many "many Republicans believe now is the time to sit down and talk more revenue." Durbin said the number of GOP lawmakers in the Senate willing to work toward accommodation now totals 20.

But Durbin also said "there is a great distance" between Republicans in the House and Senate, "and basically it comes down to the question of whether Speaker (John) Boehner is willing to look for a bipartisan solution."

Durbin told MSNBC he thinks lawmakers should "use this fiscal cliff" to resolve a problem that has plagued Congress for four years.

The president pledged to raise taxes on the rich during his first term but backed off his stance in late 2010 after Republicans seized control of the House in the midterm election. During his meeting with labor leaders, Obama said he was not going to bend on letting tax cuts expire for top wage earners, according to a participant in the meeting who spoke on the condition of anonymity to discuss the private session. The president said the tax issue was clear during the election and said he had extended those enacted during the George W. Bush administration once and would not do so again, the participant said.

The CEOs have urged Congress to extend the Bush-era tax cuts until a tax overhaul can be reached and prevent the spending cuts from taking place. The executives say the uncertainty over the fiscal cliff is hurting the nation's business climate and preventing hiring.

Obama will meet with several CEOs, including the heads of Aetna, Honeywell, Wal-Mart, Procter & Gamble and Ford.

The participants include members of the Campaign to Fix the Debt, a group founded by Alan Simpson and Erskine Bowles that has pushed for a long-term plan to fix the nation's debt and deficits.

Simpson, a former Wyoming senator, and Bowles, a former White House chief of staff, served as co-chairs of Obama's bipartisan National Commission on Fiscal Responsibility and Reform, which proposed $3 in spending cuts for every $1 in additional revenues.

Among the CEOs attending the meeting are General Electric CEO Jeff Immelt, who chairs Obama's jobs council, and American Express CEO Kenneth Chenault and Xerox CEO Ursula Burns, who are members of the council.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Europe's workers stage austerity protests

BRUSSELS — Workers across the European Union sought to present a united front against rampant unemployment and government spending cuts Wednesday with a string of strikes and demonstrations across the region.

However, while austerity-hit countries such as Spain and Portugal saw a high turnout of striking workers, wealthier countries like Germany and Denmark experienced only piecemeal action.

To combat a three-year financial crisis over too much debt, governments across Europe have had to cut spending, pensions and benefits and raise taxes. As well as hitting income and living standards, these measures have also led to a decline in economic output and rapidly rising unemployment.

The 17 countries that use the euro are expected to fall into recession when official figures are released Thursday. Meanwhile, unemployment across the eurozone has reached a record 11.6 percent with countries like Spain and Greece hitting the 25 percent mark.

With no end in sight to the economic hardship, workers were trying to take a stand on Wednesday.

"There is a social emergency in the south," said Bernadette Segol, Secretary General of the European Trade Union Confederation. "All recognize that the policies carried out now are unfair and not working."

Spain's General Workers' Union said the nationwide stoppage the second this year, was being observed by nearly all workers in the automobile, energy, shipbuilding and constructions industries. The country, left reeling by a series of austerity measures designed to prevent it from asking for a full-blown international bailout, mired in recession with 50 percent unemployment among the under-25s.

"Of course it's a political strike, against the policies of a suicidal and anti-social government," said Ignacio Fernandez Toxo, a CCOO Spanish union leader.

The Spanish strike shut down most schools and while hospitals operated with a skeleton staff. Health and education have both suffered serious spending cutbacks and increased moves toward privatization.

In neighboring, bailed-out Portugal, where the government intends to intensify austerity measures next year, the second general strike in eight months left commuters stranded as trains ground to a virtual halt and the Lisbon subway shut down. Some 200 flights to and from Portugal — about half the daily average — were canceled.

Hospitals provided only minimum services in Portugal, and municipal trash was left uncollected overnight.

Airports across Europe suffered from the strikes, forced to cancel flights to and from striking nations.

In Belgium, a 24-hour rail stoppage and scattered strikes through the south of the nation disrupted daily life. Both the Thalys and Eurostar high-speed rail services that connect Brussels with London and Paris were severely disrupted.

"Austerity means cuts in the public services and public companies and also cuts in the buying power for the working class," said Belgian socialist union leader Filip Peers. "Austerity means recession and it deepens the crisis."

However, Philippe de Buck , the chief of Eurobusiness the Brussels-based EU employers' federation, took a different view.

"If you start striking at national level and in companies you only will harm the economy," he said. "And it is not the right thing to do today."

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Brookline votes to ban Styrofoam use

BROOKLINE — Residents of Brookline have voted to bar eating establishments in town from using Styrofoam beverage cups and takeout food containers.

Town Meeting in the Boston suburb on Tuesday voted 169-27 to bar the use of polystyrene foam, commonly known by the brand name Styrofoam, by December 2013.

Supporters say the ban will cut down on trash and keep the foam products, which take years to break down, out of landfills.

Opponents called it government overreach and said people who don't want to use polystyrene containers can simply visit establishments that don't serve food and drinks in them.

Several other communities nationwide have barred the use of polystyrene, including Great Barrington. Amherst is also considering a ban.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Investors inject $15M boost into patient-monitoring device co.

Written By Unknown on Selasa, 13 November 2012 | 20.25

A Waltham company that makes patient-monitoring devices yesterday announced that it has completed a $15 million financing round led by Pitango Venture Capital.

EarlySense plans to use the financing to further develop its contact-free, monitoring solutions, accelerate sales and expand clinical research, the company said.

"The financing ... is an important step, as it supports the growth of the company by accelerating our initiative to make millions of hospital and long-term care beds safer places for patients while concurrently empowering clinicians to provide more effective and efficient care," CEO Avner Halperin said in a statement.

In addition to Pitango Venture Capital, existing investors, including JK&B Capital, ProSeed VC Fund, Docor International Management and Bridge Investment Fund, took part in the financing round.

"We believe that the EarlySense system has the potential to revolutionize patient monitoring within hospitals, long-term care facilities and in the home," said Ittai Harel, general partner at Pitango Venture Capital and co-chairman of EarlySense's board of directors.

"In the past two years, the company has made significant progress in establishing the clinical value of its system, as well as in sales and marketing.

"The financing today will be used to support global commercialization efforts by the company and is indicative of the board's confidence in the company's management team and vision."


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Union Oyster House named top eatery

History is on the side of Union Oyster House.

Established in 1826, the Retailers Association of Massachusetts' "Restaurant of the Year" is the nation's oldest restaurant, and the only one that's a national historic landmark.

"We have a really unique designation in that respect," co-owner Joseph Milano said. "That kind of takes your restaurant and puts it in a level where we tend to be a legend."

Statesman Daniel Webster frequented its semi-circular oyster bar, the toothpick is said to be first used in the United States there, and President John F. Kennedy's affinity for an upstairs perch led to a dedicated "Kennedy booth."

The famed seafood restaurant has withstood the test of time by cultivating its brand through hospitality, product consistency, service and value, according to Milano.

"We're in the business to care for our customers," he said. "That's what we've been doing for 186 years, so we're proud to be good caretakers of our precious 'Oyster.' "


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Joe Tucci: Don't blow budget talks

EMC Chairman and CEO Joe Tucci yesterday said Democrats and Republicans will have to compromise to avoid going over the year-end fiscal cliff and sending the nation back into recession.

At the Techonomy 2012 conference in Tucson, Ariz., Tucci said it would be a "vengeful act not to come together," an act that would have implications not only for the country, but for the world.

"I'm really optimistic — with one big caveat," he said in an onstage interview with Techonomy founder David Kirkpatrick. "I've never seen a time where the rest of the world is looking to the U.S. for leadership more than now."

Congress needs to raise revenues, rein in spending and come up with some plan to balance the budget over time in order to avoid the tax increases and spending cuts scheduled to take effect Jan. 1.

"If we do that, 2013 will be better than we expect," Tucci said. "If we blow that ... we'll be in a recession."

Europe, which is grappling with its own fiscal problems, needs the U.S. to prevent that from happening, he said.

China's new leadership, Tucci said, is "very bright, very well educated," and understands that their country and the U.S. must get along.

As for EMC, which has $22 billion in revenues this year, Kirkpatrick asked how strong the cloud computing company's relationship with Cisco is after EMC's VMware bought network technology startup Nicira, which Cisco had considered acquiring.

"Cisco is our closest and most strategic partner," Tucci answered, "and we will have a long and prosperous relationship" in the area of data communication.

Tucci declined to say how EMC is using technology it acquired with Pivotal Labs, which it bought in March.

"I don't want to give a lot away," he said. "We're going to be talking about it in a couple of months."

Pivotal Labs was one in a string of EMC acquisitions over the past two years. In April 2011, EMC acquired NetWitness Corp.

In May 2012, the company acquired XtremIO, Syncplicity and Watch4net.


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Concord shop parades like big cheese

If a parade to celebrate the arrival of the "Big Cheese" — a 400-pound wheel of Crucolo cheese from Italy — sounds fun, that's the point.

Dec. 6 is the date for the Concord Cheese Shop's third annual Crucolo parade, which in past years has included dancers, music, Italian flags and balloons to celebrate the cheese's on-street arrival and red carpet procession.

"Let's have some fun, whether it be a cheese parade ... or our 45th anniversary 'Flashback,' where we brought back products that were sold in 1967 at 1967 prices," said owner Peter Lovis, who started in the cheese business at age 15 in 1976. "You have to work for a living, why not have fun doing it? If we come up with a idea that's fun, we run with it."

That kind of thinking earned the Concord cheese purveyor this year's creative concepts in retailing award.

Last month's "Flashback" event marking the store's 1967 opening featured gourmandise cheese with kirsch or walnut for $3.99 per pound and Colby longhorn for $2.49 per pound.

"It's a small crack in the time-space continuum," Louis said. "People lined up, and we brought back the old crank cash register," Lovis said. "It was cash only — no credit cards in 1967."


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Yahoo apologizes after fantasy site goes down

Yahoo Sports is apologizing for a site outage that left thousands of fantasy football players complaining of last-minute lineup problems and possible lost money on an NFL Sunday.

Ken Fuchs, head of entertainment, sports and games at Yahoo Inc., emailed players early Monday to apologize for problems with the site and its mobile apps.

"I'm disappointed that we failed all of our fans today," Fuchs wrote in the email. "Our first priority is having the best experience for our users, and today we fell short."

Fuchs said the outage started about one hour before the first games kicked off, which he called "awful timing."

Yahoo, along with sites run by ESPN and CBS Sports, is one of the biggest players in the $800 million-per-year fantasy sports industry, hosting leagues where users pick a team of real-life players and compete based on their individual statistics. A study last year found that 32 million people in the United States and Canada were playing fantasy sports, according to the Fantasy Sports Trade Association. Football is by far the most popular fantasy sport.

Many players play casual leagues just for fun, but others gamble money — sometimes big money.

Yahoo said Monday afternoon on its fantasy football Twitter account that the website was back up, but users were still unable to make lineup changes on mobile apps.

Players enraged about the outage took to Twitter, Facebook and Reddit on Sunday and Monday to express their displeasure, some saying they planned to switch platforms as a result.

"I feel like I lost out a lot," said Bryan Smothers, a 27-year-old small business owner from Eureka, Calif., who said the site let him down during a week crucial toward determining whether his path will lead toward the playoffs or a lost $500 buy-in.

Smothers said he waited until Sunday morning to set his lineup because he wanted to be current on the latest injuries, but the outage meant his lineup became locked in with Patriots [team stats] running back Stevan Ridley, receiver Brandon Lloyd and Buffalo quarterback Ryan Fitzpatrick all on the bench with lesser options in his lineup — including one player on a bye.

Smothers said he appreciated the apology but thinks it may not be enough for players who invest a lot of time and money into leagues.

"You're talking about millions of people," he said.

Hal Spivack, director of product development at fantasy site Fleaflicker, said players began emailing him and sending him tweets asking to migrate their league to the smaller platform, which currently has hundreds of thousands of players.

Spivack said he sympathizes with Yahoo's problems, as New York-based Fleaflicker had a brief midweek outage during Superstorm Sandy. But he said companies running fantasy sports have to prepare themselves for busy traffic and make sure their servers and sites can withstand high demand.

"Even the smallest of issues do get noticed a lot. There is backlash because ... people have bigger things riding on (their leagues)," Spivack said. "People tend to get very upset."

Paul Charchian, president of the Fantasy Sports Trade Association, said almost every fantasy site has had some kind of failure and the Yahoo outage highlights the complexity and scale of how the games are operated.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Target has earlier start for holiday kickoff

Written By Unknown on Senin, 12 November 2012 | 20.25

NEW YORK — Target Corp. will open its doors at 9:00 p.m. on Thanksgiving, three hours earlier than a year ago, to kick off the holiday shopping season.

The discounter joins several other major retailers, including Wal-Mart Stores Inc., that are opening earlier in the evening on the holiday and staggering deals over the two-day period. Over the years, stores have been expanding their hours on Black Friday to get ahead of the competition, but the kickoff is increasingly happening right after shoppers finish their turkey feast.

"We thought long and hard about when the right opening time would be," said Kathee Tesija, Target's executive vice president of merchandising. She said that 9:00 p.m. struck "a perfect balance" for its customers.

Target, based in Minneapolis, plans to offer deals that include an Apex 32-inch LCD TV for $147 and a Nikon digital camera for $99.99 for the earlier opening. From 4:00 a.m. to noon, the next day, customers who spend $50 or more on clothing, accessories or home products will earn a $10 Target gift card to use toward a future purchase. Target is also preparing additional early morning specials, including Leapfrog Explorer software for $15.

Wal-Mart said last week it will begin its holiday sale at 8:00 p.m. on Thanksgiving, two hours earlier than last year. It then will have two more rounds of sales events including a 10:00 p.m. sale on electronics and another sale at 5:00 a.m. the next day.

Sears Holdings Corp. said its Sears stores will open at 8:00 p.m. Thanksgiving Day and will stay open overnight until 10 p.m. Friday. Last year Sears stores were closed on Thanksgiving. The company's Kmart stores have been open on Thanksgiving for years.

Lord & Taylor, which was closed on Thanksgiving last year, will be open on the holiday from 10:00 a.m. to 7:00 p.m.

Kohl's Corp. and Macy's Inc. will again throw open their doors at midnight, following Thanksgiving. J.C. Penney plans to announce its Black Friday promotions on Monday.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Toyota tests cars that communicate with each other

SUSONO, Japan — Toyota Motor Corp. is testing car safety systems that allow vehicles to communicate with each other and with the roads they are on in a just completed facility in Japan the size of three baseball stadiums.

The cars at the Intelligent Transport System site receive information from sensors and transmitters installed on the streets to minimize the risk of accidents in situations such as missing a red traffic light, cars advancing from blind spots and pedestrians crossing the street. The system also tests cars that transmit such information to each other.

In a test drive for reporters Monday, the presence of a pedestrian triggered a beeping sound in the car and a picture of a person popped up on a screen in front of the driver. A picture of an arrow popped up to indicate an approaching car at an intersection. An electronic female voice said, "It's a red light," if the driver was about to ignore a red light.

The 3.5 hectare test site looks much like the artificial roads at driving schools, except bigger, and is in a corner of the Japanese automaker's technology center near Mount Fuji in Shizuoka Prefecture, central Japan.

Toyota officials said the smart-car technology it is developing will be tested on some Japanese roads starting in 2014. Similar tests are planned for the U.S., although details were not decided. Such technology is expected to be effective because half of car accidents happen at intersections, according to Toyota.

Managing Officer Moritaka Yoshida said Toyota sees preventing collisions, watching out for pedestrians and helping the driving of the elderly as key to ensuring safety in the cars of the future.

"We offer the world's top-level technology," he told reporters.

All automakers are working on pre-crash safety technology to add value to their cars, especially for developed markets such as the U.S., Europe and Japan. But the strongest sales growth is coming from emerging markets which are eventually expected to show more interest in safety technology.

Toyota's Japanese rival Nissan Motor Co. recently showed cars that were smart enough to stop on their own, park themselves and swerve away from pedestrians who suddenly jumped into the vehicle's path.

Toyota also showed a new feature that helps the driver brake harder to prevent bumping into the vehicle in front. Toyota officials said drivers often fail to push hard on their brakes in such situations because they get into a panic.

Toyota said the technology will be available "soon," without giving a date, and hinted it will be offered for Lexus luxury models. Luxury models already offer similar safety features such as automatic braking. Technology involving precise sensors remains expensive, sometimes costing as much as a cheaper Toyota car.

Toyota has also developed sonar sensors that help drivers avoid crashing in parking lots. One system even knows when the driver pushes on the gas pedal by mistake instead of the brakes, and will stop automatically.

Rear-end collisions make up 34 percent of car accidents in Japan, comprising the biggest category, followed by head-on collisions at 27 percent.

Cars that stop and go on their own, avoiding accidents, are not pure science fiction, experts say.

Alberto Broggi, professor at the University of Parma and an expert on intelligent transportation systems, said the idea of the accident-free cars is "very hot," and probably within reach on some roads within several years.

"I'm sure we will arrive to such a technology even if I don't know when exactly," he said.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Signature brands make comebacks

Automakers are always looking for ways to be original when unveiling new models. In certain instances, this means shifting gears and storing vintage nameplates in the garage.

"There just aren't that many that survive from the old days," said Scott Oldham, editor-in-chief of Edmunds.com. "A lot of brands move away from old nameplates in order for their vehicles to seem more fresh and not old-fashioned, while others hold on to nameplates to sort of have attachment remain to the glory days."

Certain car makers such as Cadillac and Buick have retired vintage nameplates altogether. Other brands, such as Chevrolet, Dodge and Ford, have been known to release a nameplate, keep it in the marketplace for years, put the brakes on it and then re-release it to the world.

On Saturday, the Herald unveiled its top 10 list of the best tough and rugged vehicles for 2013. This time we take a drive down memory lane as we present the 10 greatest survivor nameplates on the market today.

10. Chevrolet Impala

Its peak occurred from the early 1960s to the mid-1970s before disappearing until the mid-1990s. This time around, the modern Impala remains the mainstream American sedan for the everyman, as it is affordable with high value and offers "a large package for the family that's a little fun for Dad to drive," Oldham said.

(Production years: 1957-85, 1994-96, 1999-present; MSRP: $29,189)

9. Chevrolet Malibu

Here, then gone, then back again, the Malibu is a slightly smaller, slightly more affordable sedan than the Impala. Popular in the 1960s and 1970s, the Malibu invokes "positive connotations" with California's eponymous sun-soaked destination, Oldham said, adding, "Either you're a little older and you have grand fun memories of it as a child, or somebody you knew in the '70s had one that fell apart."

(Production years: 1953-82, 1997-present; MSRP: $25,074)

8. Dodge Dart

The new Dart is unrelated to the Darts of yore besides its nameplate and "the desire to deliver an affordable, high value, small car that's a bit fun to drive and doesn't hurt the pocketbook too much," according to Oldham. This year marked the first Dart released since 1976, which is based on the Alfa Romeo, a Fiat offering. Dodge is hoping family-friendly features and a low price will be "a magical combination" this time around, Oldham added.

(Production years: 1960-76, 2012-present; MSRP: $19,763)

7. Chrysler 300

The 300 may have disappeared from 1971 to 1998, but this has become "the signature vehicle for the Chrysler brand as a rear-wheel-drive performance sedan with some old-school characteristics," Oldham said. Undergoing a redesign last year, the 300 is as appealing as ever, offering a luxury standard that competes with German counterparts. "Chrysler's tagline for the vehicle is 'Imported from Detroit,' and that's had some success for them," Oldham added.

(Production years: 1955-65, 1971, 1998-present; MSRP: $39,324)


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British medical journal slams Roche on Tamiflu

LONDON — A leading British medical journal is asking the drug maker Roche to release all its data on Tamiflu, claiming there is no evidence the drug can actually stop the flu.

The drug has been stockpiled by dozens of governments worldwide in case of a global flu outbreak and was widely used during the 2009 swine flu pandemic.

On Monday, one of the researchers linked to the BMJ called for European governments to sue Roche.

"I suggest we boycott Roche's products until they publish missing Tamiflu data," wrote Peter Gotzsche, leader of the Nordic Cochrane Centre in Copenhagen. He said governments should take legal action against Roche to get the money back that was "needlessly" spent on stockpiling Tamiflu.

Last year, Tamiflu was included in a list of "essential medicines" by the World Health Organization, which often prompts governments or donor agencies to buy the drug.

WHO spokesman Gregory Hartl said the agency recommended the drug be used to treat unusual influenza viruses like bird flu. "We do have substantive evidence it can stop or hinder progression to severe disease like pneumonia," he said.

In 2009, the BMJ and researchers at the Nordic Cochrane Centre asked Roche to make all its Tamiflu data available. At the time, Cochrane Centre scientists were commissioned by Britain to evaluate flu drugs. They found no proof that Tamiflu reduced the number of complications in people with influenza.

"Despite a public promise to release (internal company reports) for each (Tamiflu) trial...Roche has stonewalled," BMJ editor Fiona Godlee wrote in an editorial last month.

In a statement, Roche said it had complied with all legal requirements on publishing data and provided Gotzsche and his colleagues with 3,200 pages of information to answer their questions.

"Roche has made full clinical study data...available to national health authorities according to their various requirements, so they can conduct their own analyses," the company said.

Roche says it doesn't usually release patient-level data available due to legal or confidentiality constraints. It said it did not provide the requested data to the scientists because they refused to sign a confidentiality agreement.

Roche is also being investigated by the European Medicines Agency for not properly reporting side effects, including possible deaths, for 19 drugs including Tamiflu that were used in about 80,000 patients in the U.S.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Angela Merkel risks protests in visit to Portugal

LISBON, Portugal — German Chancellor Angela Merkel was on Monday making another trip to a bailed-out eurozone country where many people blame her government for the harsh austerity measures they are enduring.

Merkel was due to pay a brief visit to Portugal, which needed a €78 billion ($99 billion) rescue last year, in what was widely seen as a display of support for the Portuguese government's efforts to restore the country's fiscal health in the teeth of broad public and political opposition.

Portugal has won Germany's praise for enacting the economic reforms and spending cuts it promised in return for the bailout. Germany and other bailout lenders — the other eurozone countries, the International Monetary Fund and the European Central Bank — are keen for Portugal to stay the course, sparing the continent more difficulties like those in bailed-out Greece, which Merkel visited last month.

Merkel complimented Portugal for abiding by its bailout promises and said the hardship would pay dividends in the long run. "People can't see the results yet, but the results will come," she told Portuguese public broadcaster Radiotelevisao Portuguesa in an interview broadcast on the eve of her visit.

Protest marches were planned during Merkel's six-hour stay when she was to hold talks with Prime Minister Pedro Passos Coelho and President Anibal Cavaco Silva and speak at a business conference attended by leading German and Portuguese companies.

Though Portugal has witnessed none of the violent street protests seen in Athens, many Portuguese are angry about the loss of workers' rights and falling living standards. The Portuguese government predicts a third straight year of recession in 2013, and the jobless rate has risen to almost 16 percent.

The visit came at a tense moment for the government, which is steering another austerity budget through Parliament. The 2013 state budget includes what Finance Minister Vitor Gaspar has called "enormous" income tax hikes that many observers say will choke growth and make it harder for the country to pay off debt. The government has an overall parliamentary majority, allowing it to force through the measures in a vote scheduled for the end of the month.

Merkel's visit coincided with the start of the sixth regular assessment by international inspectors of Portugal's progress in implementing the bailout agreement. The assessment is expected to last about two weeks.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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The Ticker

Written By Unknown on Minggu, 11 November 2012 | 20.25

Hydroid's sub station

Robotic mini-sub maker Hydroid Inc. will break ground later this week on a new research and manufacturing facility in Pocasset on Cape Cod.

The subsidiary of Norway-based Kongsberg Maritime makes autonomous underwater vehicles for the marine research, defense, hydrographic and offshore energy markets.

Cloud backup Intronis raises $12M

Boston-based Intronis Inc., which offers cloud backup services for information technology providers, said it received $12 million in funding led by new investor Greenspring Associates, with participation from OpenView Venture Partners and the company's executive management team.

Interim CEO Jay Bolgatz said Intronis will use the funding to hire workers, develop its technology and expand its market.

MONDAY

L Bond markets are closed for Veterans Day, but stock markets are open.

TUESDAY

L BG Medicine, Home Depot and TJX Cos. report quarterly financial results.

WEDNESDAY

L The U.S. Commerce Department releases retail sales data for October.

THURSDAY

L Massachusetts releases the unemployment report for October.

L Lt. Gov. Tim Murray speaks at a Greater Boston Chamber of Commerce forum.

L The Boston Redevelopment Authority board meets.


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Extended warranties: Value is a matter of personal choice

I would like to comment on your recent column on whether it is worthwhile to buy an extended warranty for a car. Extended warranties are provided by companies that need to earn a profit. In order to do this, they have to collect more money from their customers than they pay out. It is possible for a car owner to benefit from buying an extended warranty, but most people pay out more than they get back. Otherwise, the company providing the warranty won't stay in business. When I buy a car, computer or home appliance, I always decline the extended warranty. If something breaks after the warranty period, I pay for the repair with money I've saved by not buying any extended warranties, and I come out ahead. With regard to deductibles, I used to pay for low deductibles on car and house insurance. After a while I realized this was not the best option and I switched to higher deductibles. If I have to make an insurance claim, I will pay the higher deductible with money I save on insurance premiums, and I come out ahead. The same principle applies to the deductible on an extended warranty, which is another form of insurance.

I received a number of letters and e-mails commenting on my column regarding my change in position on extended warranties and service contracts. It described how now, after nearly 30 years as a "car guy," I believe in the value of purchasing an extended warranty or service contract on a new or late-model vehicle that you're going to keep for long beyond the original manufacturer's warranty expires.

I agree with the above car owner in terms of extended warranties and service contracts on appliances, home electronics and other relatively low-cost purchases. But with modern vehicles costing hundreds, even thousands of dollars to repair, I disagree.

I certainly respect the position but want to point out that, while liability coverage, and in some states personal injury protection, is mandated by law, insurance for your own vehicle is not. Thus, choosing collision and comprehensive coverage is very much akin to purchasing an extended warranty or service contract.

I choose to carry collision and comprehensive coverage on my newer vehicles. With repair and replacement costs potentially in the tens of thousands of dollars, I can't see operating them with no coverage for a loss from a crash, fire, theft or vandalism.

Ditto health insurance. It's difficult to imagine the consequences of having no coverage for a significant health issue.

I feel the same way about potential mechanical and electronic failures. Labor and replacement parts for major repairs can easily run into the hundreds or thousands of dollars. Most of us worry about engine or transmission failures as a major expense, but systems such as climate control, electronic steering, anti-lock braking system and traction control, and other sophisticated systems can cost just as much to repair or replace.

The question of deductibles is valid. I, too, carry high deductibles for collision and comprehensive coverage (and health insurance) for the basic reason that I don't expect to make claims very often. But I recognize that repairs from mechanical and electronic failures, and wear and tear over the 10-plus years I keep my vehicles, are virtually inevitable. Thus, I want to continue protection for the time/mileage frame beyond the original carmaker's warranty.

I prefer zero or very low deductibles for extended warranties and service contracts because unlike collision or comprehensive claims, which tend to deal with a single large-loss event, mechanical and electronic breakages, failures or problems can occur a number of times, particularly later in a vehicle's service life — precisely the time and mileage framework covered by these warranties and contracts. I'd rather not have to pay $50 or $100 every time I take the vehicle in for even a minor problem.

As always, life is a matter of choices. In this case, you pay your money or you take your chances. There's no right or wrong answer. It's what you're comfortable with.


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Microsoft hopes to 'break barriers' with translator

Reason No. 2,347 why Microsoft is making the world more like Star Trek: its latest voice translation project.

In an astonishing video that's making its way around the web, the company's chief research officer Rick Rashid speaks before an audience in Tianjin, China, as a computer translator spits out his words in Mandarin — in his own voice.

If you're familiar with the United Federation of Planets, you'll know that Star Fleet officers spoke different languages than Klingons and Ferengi and Vulcans. Yet they all communicated seamlessly thanks to the real-time "universal translator" that enabled everyone to hear their native language no matter what dialect was being spoken.

"The results are still not perfect, and there is still much work to be done, but the technology is very promising," Rashid wrote in a blog post this week. "And we hope that in a few years we will have systems that can completely break down language barriers. In other words, we may not have to wait until the 22nd century for a usable equivalent of Star Trek's universal translator."

He added, "We can also hope that as barriers to understanding language are removed, barriers to understanding each other might also be removed."

This latest advance brings to mind another sci-fi quest on the part of the Redmond, Wash.-software giant: its patent for "immersive display experience." As anyone who's ever watched Cmdr. William T. Riker play Parrises squares on the USS Enterprise well knows, the Star Trek holodeck provides a three-dimensional virtual reality experience, projecting images and shapes that surround the user.

While playing on your local holodeck is many decades away, Rashid's translation technology is being perfected now. In a breakthrough technology that Microsoft Research devised in cooperation with the University of Toronto, the translator learns the nuances of an individual's speech and builds a profile.

Using that data, it combines with properties from native Chinese speakers. In the case of Rashid, the system's profile then took his words, found the Chinese equivalents and reordered them to be grammatically correct Chinese.

A video of Rashid's speech shows cheers from the crowd of mostly Chinese students.

Wrote Rashid, "The commentary that's grown on China's social media forums ever since suggests a growing community of budding computer scientists who feel the same way."


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