Globe holds off closer

The John Henry era will soon begin at The Boston Globe — though not as early as originally hoped — as the broadsheet prepares to end two decades under the control of its out-of-town overlords. A source close to the deal told the Herald yesterday that...

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Accord coupe adds some pizzazz

OK, so it may not be the Beach Boy's "Little Deuce Coupe," but the completely redesigned 2013 Honda Accord is a fun-to-drive two-door, six-speed that hits the market with flare. It was built fresh from the ground up, with a new smooth, tight suspension...

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Stock market shakes off shutdown

Investors put the government shutdown and default threat behind them and got back to work yesterday, pushing the Standard and Poor's 500 index to a record close for the second straight day. "We've already seen a shift in the discussion from how to deal...

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Harvard Square's iconic Upstairs to close

For more than three decades, it has been a fixture in Harvard Square, first as UpStairs at the Pudding and, since 2002, as UpStairs on the Square — in both its incarnations, a place that drew celebrities and locals alike for its eclectic menu and its...

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The Ticker

JP Morgan reaches $4B deal with feds JPMorgan Chase & Co. has reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of...

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HSBC unit ordered to pay $2.46B, plans to appeal

NEW YORK — A division of Europe's HSBC has been ordered to pay about $2.46 billion in a class action lawsuit claiming it violated federal securities laws. Lawyers for the plaintiffs said that the judgment, which includes $1.48 billion in damages and...

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Federal workers return, but 16-day furlough leaves scars

About 15,000 federal workers in Massachusetts were back on the job yesterday and the state's national parks reopened after the 16-day partial government shutdown came to an end — at least for now. "Hopefully, we won't be doing this again in January,"...

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Shutdown fix makes companies defensive

The short-term fix that ended the government shutdown will have significant effects on the state and national economy as companies may put off hiring and spending for new projects while uncertainty over a permanent budget solution lingers, experts said....

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Boston hospitals get $12M NIH grant

Two local hospitals are using a federal grant to form the Boston Biomedical Innovation Center, the latest effort by nonprofit hospitals to play a role in transforming medical research into commercially viable products. The seven-year, $12 million grant...

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Downtown evolves as a neighborhood

No longer do the sidewalks roll up after 6 p.m. in the Financial District. The Hub will see twice the number of new housing units during this cycle than it did last cycle. And it is well-positioned to absorb the housing spurt, as there is a shift toward...

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SF Bay Area trains run as strike talks drag on

OAKLAND, Calif. — The contentious talks between the San Francisco Bay Area Rapid Transit agency and its two largest unions have dragged on for six months — a period that has seen a chaotic dayslong strike, a cooling-off period and frazzled commuters...

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White House: Furloughed workers can return to work

WASHINGTON — The federal government is back open for business. The Obama administration changed the government's status to "open" early Thursday, more than two weeks after a partial shutdown took hold when funding from Congress ran out. Minutes after...

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Mobile co. touts Wi-Fi phone

Consumers are paying for the wrong part of owning a smartphone, according to a Cambridge company that has launched a mobile service that lets users call, text and surf the web at no cost via Wi-Fi. Scratch Wireless customers pay for a smartphone and...

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Budget battles bad for business

Even though there's a short-term deal to reopen the government and raise the debt ceiling, the never-ending cycle of budget fights are hurting consumer confidence and creating uncertainty about the economy, business leaders and an economist said. "All...

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US unemployment aid applications drop to 358,000

WASHINGTON — Applications for US unemployment benefits dropped 15,000 to a seasonally adjusted 358,000 last week, though the figure was distorted for the second straight week by California's efforts to clear backlogged claims. The partial government...

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Berkshire Hathaway buys UK beverage machine firm

OMAHA, Neb. — Warren Buffett's company is buying the beverage-dispensing machine business of Britain's IMI PLC for $1.1 billion. Berkshire Hathaway Inc. agreed to buy make the purchase on behalf of its Marmon Group subsidiary. Buffett said on CNBC...

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Saudi Arabia, UAE seek $10.8 billion in US weapons

DUBAI, United Arab Emirates — Saudi Arabia and the United Arab Emirates say they seeking $10.8 billion in advanced U.S.-made missiles and other weapons as part of bids by Western-allied Gulf states to stay ahead of claimed military strides by rival Iran....

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Advance Auto Parts buying General Parts for $2.04B

RICHMOND, Va. — Advance Auto Parts Inc. said Wednesday it is buying General Parts International Inc. for $2.04 billion in cash, which the companies say will create the biggest automotive replacement parts provider in North America. As part of the transaction...

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Bank of America Q3 profit up sharply

Third-quarter profit for Bank of America Corp., the second-largest U.S. bank, surged as it saw increases from investments and interest charged on loans. THE RESULTS: Net income jumped to $2.5 billion in the July-September period, up from $340 million...

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EU seeks carbon tax for all flights over Europe

BRUSSELS — The European Commission wants to impose carbon emission charges for all flights using Europe's airspace. Wednesday's proposal by the 28-nation bloc's executive arm would force airlines to buy carbon emission permits for all flights within...

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Citigroup earnings edge lower, miss estimates

NEW YORK — Citigroup said its earnings fell slightly in the third quarter as lower expenses weren't enough to offset a drop in revenue from its investment banking and consumer businesses. Net income for the July-to-August period fell to $3.26 billion...

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NY fights site listing homes for tourists to rent

NEW YORK — Each night, people in apartments all over New York City are cleaning up, putting out fresh towels and clearing out — to rent their private space to strangers from around the world. Thousands of city residents are using websites such as Airbnb.com...

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J&J 3Q net rises slightly on higher medicine sales

NEW BRUNSWICK, N.J. — Health care giant Johnson & Johnson says third-quarter profit edged up as a big jump in prescription drug sales and lower research spending made up for slumping sales of medical devices. Its results beat Wall Street estimates...

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UK bank poised to pull plug on Somali remittances

LONDON — A British bank could soon be cutting a financial lifeline for millions of Somalis. Barclays is poised to sever its ties to Dahabshiil, one of the Somali expatriate community's biggest money transfer services, as part of a larger reorganization...

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India outsourcer TCS posts $748M quarterly profit

MUMBAI, India — Top Indian outsourcer Tata Consultancy Services says its quarterly profit surged 16.4 percent on strong demand across its main markets and several new clients. The Mumbai-based company posted profit of $748 million for the quarter ended...

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