The Ticker

Dow soars 421 points The Dow Jones industrial average had its biggest surge in three years yesterday, soaring 421 points in its second straight triple-digit gain after the Federal Reserve's reassurance that it was in no hurry to raise interest rates....

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Hot Property: Think inside the Box in Chelsea’s Flats at 22

The Flats at 22 in Chelsea's new Box District neighborhood is now leasing — and providing some relief from Boston's high apartment prices. This is developer Mitchell Properties and builder Traggorth Cos.' third apartment project in the area of former...

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Weak coffee sales hurt Dunkin’ Donuts earnings

Dunkin' Brands announced weaker-than-expected fourth-quarter sales and lowered its 2015 outlook yesterday, blaming declining sales of Dunkin' Donuts' packaged coffee and continued pressure on consumers. Shares fell as much as 9.45 percent yesterday...

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Boston’s Revere Hotel gets a new owner

Boston's trendy Revere Hotel has a new owner, a little more than 2 1⁄2 years after it debuted following a $29 million transformation of an undistinguished Radisson Hotel into the luxury boutique property. Bethesda, Md.-based Pebblebrook Hotel Trust,...

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Innovation expansion urged: Four areas envisioned as new Boston ‘districts’

A task force appointed in September by Mayor Martin J. Walsh is eyeing four neighborhoods as potential innovation hubs, Boston's economic development czar said yesterday. Although its final recommendations are not due until Jan. 30, the four areas most...

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Gas pipeline woes halt National Grid hookups on Cape

Residents of eight Cape Cod towns will have to wait years before new natural gas lines can be installed after National Grid instituted a moratorium on new hookups. The company will not install any new gas connections for five to seven years after the...

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Reports: North Korea ordered the Sony attack

Federal authorities have determined that hackers working on behalf of the North Korean government were behind the attack on Sony Pictures Entertainment, according to published reports. "We have found linkage to the North Korean government," a source...

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Patient Fed spurs Wall Street

The Federal Reserve yesterday said it will be "patient" in raising interest rates, sending stocks soaring as Wall Street registered its best day in more than a year. Fed chairwoman Jan­et Yellen said economic fundamentals will be the guide for raising...

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Brewery expansion on tap for Jack’s Abby

Framingham craft beer maker Jack's Abby Brewing will undergo a major expansion that will allow it to ramp up production, offer its beer in cans and 12-pack bottles and open a restaurant and much larger tasting room. The 3-year-old company has leased...

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Sony has 'no further release plans' for 'The Interview'

Sony Pictures Entertainment has walked out on "The Interview," deciding against releasing the Seth Rogen-James Franco comedy in any form -- including VOD or DVD. "Sony Pictures has no further release plans for the film," a spokesman said Wednesday....

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Sony hack: Lionsgate sought merger talks with Sony, says report

Lionsgate Entertainment made an approach to Sony Corp in the middle of this year, according to Sony emails leaked by hackers. The Reuters news agency today reported that the emails show a conversation between activist investor Daniel Loeb and Nicole...

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Stocks mostly lower before Fed statement

BEIJING — Global stocks were mostly lower Wednesday as oil prices tumbled again while investors waited for a U.S. Federal Reserve statement on monetary policy. KEEPING SCORE: In early trading, Germany's DAX shed 1 percent to 9,471.58 points and France's...

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McDonald's in Japan limits orders of fries

TOKYO — Only small fries with that? McDonald's in Japan is limiting the serving size of fries as stocks run short due to labor disruptions on the U.S. West Coast. McDonald's began rationing its fries Wednesday morning. It said prolonged labor negotiations...

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Sony ex-employees hit studio with another class action suit over hack attack

Two ex-employees of Sony Pictures Entertainment have filed a class action suit against the studio, claiming that it was negligent in protecting personal information and also in planning for the release "The Interview" in the face of a threat of a hacker...

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Ruble volatile as Russians rush to stores

MOSCOW — The Russian government looked at ways of easing the selling pressure on the ruble Wednesday amid fears the country may face a full-blown bank run and as consumers look to buy big-ticket items before prices rise. Deputy Finance Minister Alexei...

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The legal case for publishing Sony emails

On Sunday, media outlets received letters from famed attorney David Boies, representing Sony Pictures Entertainment, urging them to destroy or ignore the trove of hacked documents and e-mails from the hacking attack on the studio. While his letter certainly...

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China imprisons businesswoman in rail graft case

BEIJING — A Beijing court on Tuesday sentenced a businesswoman linked to China's fallen ex-railway minister to 20 years in prison for bribery and interfering with bids for rail projects. Ding Yuxin, formerly known as Ding Shumiao, illegally helped 23...

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HBO Go now available on Amazon Fire TV set-top

HBO Go, the premium cable network's Internet-video service, is now available on Amazon Fire TV set-top box -- an addition the e-commerce giant hopes will put the device on better footing with holiday shoppers against connected-TV rivals. Amazon's Fire...

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Google top-trending searches of 2014: 'Frozen,' Robin Williams and World Cup

Disney's "Frozen" was the only entertainment title to break into Google's top 10 ranking of U.S. trending searches for the year, alongside other major stories of 2014 including the suicide of actor and comedian Robin Williams, the World Cup and the Ebola...

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Russian ruble down sharply despite rate hike

MOSCOW — The Russian ruble has regained some ground after declining by a whopping 20 percent earlier Tuesday. The ruble extended Monday's collapse — when it declined by 10 percent — despite the pre-dawn interest rate increase to 17 to 10.5 percent by...

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Sales of macadamias soar in Korea after nut rage

SEOUL, South Korea — Nut rage imploded the career of a Korean Air Lines executive and embarrassed her family and country. Now South Korean retailers are experiencing the unexpected upside: a boom in sales of macadamias. The flavorful macadamia nut was...

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The power and the danger of email! (just ask Sony execs!)

"COMMON sense is not so common," said Voltaire. I KNOW I shouldn't be, but I continue to be astounded by what people at the highest levels of various business -- and just plain folks -- put into emails, on Facebook, iPhone, iCloud, Twitter, Instagram...

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Union calls 3-day strike at German Amazon centers

BERLIN — A union has launched a three-day strike at five Amazon.com distribution centers in Germany, the latest in a string of walkouts in a long-running wage dispute with the American online retailer. The ver.di union called workers at Bad Hersfeld,...

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India's Reliance Entertainment sells cinemas chain to Carnival

HONG KONG - Reliance ADA Group, the Indian backer of DreamWorks, has agreed to sell its Big Cinemas chain to Carnival Cinemas in what is believed to be the biggest ever deal in the Indian multiplex sector. The deal was announced by Reliance Capital,...

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Ruble hits new record low; Europe stocks higher

FRANKFURT, Germany — The ruble hit a new record low against the U.S. dollar as weaker oil prices keep up the pressure on Russia's slowing economy. European stocks and U.S. stock futures inched higher Monday, while Asian markets fell as weak Japanese...

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Drug companiess to lose $65 billion on patents

Pharmaceutical companies will lose an estimated $65 billion in sales by 2019 due to patent expirations of leading drugs, according to one research and consulting firm. The companies that will likely be hardest hit include Otsuka, Eli Lilly and AstraZeneca,...

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Hackers to Sony: ‘Christmas gift’ to be the worst

Sony hackers have promised to release a disastrous "Christmas gift" that will "put Sony Pictures into the worst state" — another round of embarrassing personal emails, according to multiple news reports. One of the emails allegedly ridicules Leonardo...

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Uber executive in dispute with San Francisco landlord

SAN FRANCISCO — An Uber executive who recently suggested launching a million-dollar campaign to investigate journalists critical of the ride-booking company is in a bitter dispute with the landlord of his rental condo. The San Francisco Chronicle reported...

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Virus, drought to hike grocery prices despite cheap gas

A dramatic drop in the price of gas won't make your grocery bill any easier to swallow because officials are forecasting a hike in food prices in nearly every category, due to brutal drought, fluctuations in demand and a virus afflicting farm animals....

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New app hits the parking SPOT

For Boston drivers, easy and parking are two words rarely found together. SPOT CEO Braden Golub wants to change that. His new mobile app launched on Thursday connects private spot owners and drivers looking for a place to park. The idea was born out...

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