Gov OKs construction of Salem power plant
The Patrick administration has signed off on construction of a new 692-megawatt gas-fired power plant on the site of the existing Salem Harbor Station.
The facility is expected to be one of the most efficient and lowest-emitting large gas-fired power plants in New England, Energy and Environmental Affairs Secretary Rick Sullivan said yesterday.
The new plant, owned by Footprint Power LLC, is expected to be built and operational by June 2016.
BlackBerry founders weigh taking over distressed smartphone co.
BlackBerry founders Mike Lazaridis and Douglas Fregin are weighing taking over the distressed smartphone company as it searches for a savior. Lazaridis said yesterday in a filing with the Securities and Exchange Commission that he and Fregin are looking to potentially acquire the 92 percent of the shares they don't currently own, either by themselves or with other interested parties. They have hired Goldman Sachs and Centerview Partners to help them explore options.
Backlog, shutdown blamed for spike in jobless claims last week
The number of people applying for U.S. unemployment benefits jumped by 66,000 last week to a seasonally adjusted 374,000. But the spike was largely because California processed a huge backlog of claims and the partial government shutdown prompted some companies to cut jobs.
The Labor Department said yesterday that the less volatile four-week average rose 20,000 to 325,000. The sharp increase in both the weekly figures and the four-week average comes after applications hovered near a six-year low the previous week.
Today
JPMorgan Chase & Co. reports quarterly financial results before the market opens.
Wells Fargo & Co. reports quarterly financial results before the market opens.
LTD Bank has promoted Helge G. Liedtke, left, to store manager of the branch in Mansfield. An assistant vice president, he is responsible for new business development, consumer and business lending, managing personnel and overseeing the day-to-day operations.
SynapDx Corp., a diagnostic company developing an innovative blood test for the early detection of autism spectrum disorders, announced that Kevin Hrusovsky has been appointed to its board of directors.
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