Oil rises on strength in Germany, China

NEW YORK — Oil prices are rising slightly on a surprise expansion of German exports and signs of increased oil consumption in China. Benchmark crude rose 22 cents to $86.15 just before 10 a.m. in New York. The German government said Monday that exports...

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MLB, StubHub renew secondary ticket market deal

NEW YORK — Major League Baseball has agreed to a new five-year deal with StubHub as its secondary ticket market. The original contract started in 2007 and expired after last season. Financial terms of the agreement announced Monday were not disclosed....

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Wayfair raises $36M for Joss & Main

Home goods online retailer Wayfair said today it has raised $36.3 million in new equity funding to speed growth of its private sale site for the home, Joss & Main. Investors included Battery Ventures, Great Hill Partners, HarbourVest Partners and...

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Government investigating makers of cellphone apps

WASHINGTON — The Obama administration says it's investigating software companies that make cellphone apps to determine whether they are violating the privacy rights of children by quietly collecting personal information from their phones, then sharing...

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Deep divides in Dubai at UN talks on Internet

DUBAI, United Arab Emirates — Talks over possible new U.N. regulations for the Internet were deeply divided Monday, with Russia and others advocating for more government sway while a U.S.-led bloc warned against rules that could restrict freedoms in...

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Top Jindal aides use personal email to strategize

BATON ROUGE, La. — Top officials in Louisiana Gov. Bobby Jindal's administration used personal email accounts to craft a media strategy for imposing hundreds of millions of dollars in Medicaid cuts — a method of communication that can make it more...

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Obama heading to Michigan to push taxes on rich

WASHINGTON — President Barack Obama is pressing for public support today to raise taxes on the wealthiest Americans, a day after he and House Speaker John Boehner met one-on-one for the first time to discuss ways to avert the "fiscal cliff." Neither...

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Ariad rises on positive leukemia drug results

A new cancer drug from Cambridge-based Ariad Pharmaceuticals has helped nearly half of chronic myeloid leukemia patients in a 12-month trial achieve a "complete cytogenetic response" — meaning their bone marrow is cancer-free. Company shares, which...

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Report: Kodak gets patent bid from Apple, Google

NEW YORK — Apple and Google, bitter rivals in smartphone technology, have joined up to make a combined bid for a bundle of patents offered by photography pioneer Kodak, according to a published report. Bloomberg News reported Saturday that Apple Inc....

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European markets shaken by Italian political woes

PARIS — European shares were shaken Monday by Italian Prime Minister Mario Monti's announcement he will resign by year's end, raising worries that political turmoil could derail Europe's effort to end its financial crisis. The major stock indexes,...

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Business - BostonHerald.com

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. Mon, 03 Dec 2012 12:16:14 -0500...

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Warren Buffett urges Congress to raise taxes on wealthy

OMAHA, Neb. — Billionaire Warren Buffett is again calling for higher taxes on the "ultra-rich" and he's urging Congress to compromise on spending cuts and tax increases. Buffett expressed his views on fiscal policy in an opinion article Monday in...

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NYSE warns iParty over low stock price

Party goods retailer iParty Corp. said today it has received a compliance notice from the New York Stock Exchange due to the Dedham-based company's low selling stock price for a substantial period of time. The NYSE said iParty's continued listing is...

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Google buys Wi-Fi provider ICOA for $400 million

NEW YORK — Google has bought an operator of Wi-Fi hotspots in high-traffic locations such as airports, hotels and fast-food restaurants. Google Inc. is paying $400 million for ICOA Inc., a Warwick, R.I., company, as part of the search company's efforts...

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UK picks Canadian to lead Bank of England

LONDON — The British government has chosen the head of Canada's central bank to become governor of the Bank of England effective July 1. Treasury chief George Osborne announced the surprise choice of Mark Carney to the House of Commons on Monday....

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Ranbaxy recalls generic Lipitor doses

TRENTON, N.J. — Ranbaxy Pharmaceuticals Inc. has recalled dozens of lots of its generic version of cholesterol drug Lipitor because some may contain tiny glass particles, the latest in a string of manufacturing deficiencies that once led U.S. regulators...

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Facebook stock climbs after upgrade

NEW YORK — Facebook's stock is climbing after an upgrade from an analyst who believes Wall Street is underestimating the company's potential to grow revenue. Bernstein Research analyst Carlos Kirjner said Monday that Facebook Inc. is likely to beat...

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Markets nervous as euro ministers meet on Greece

LONDON — Concerns that European finance ministers will again fail to reach an agreement on handing over more bailout cash to Greece weighed on markets Monday. Following last week's bout of optimism, which sent a number of stock indexes up to near...

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Mary Schapiro stepping down from SEC; successor tapped

WASHINGTON — Mary Schapiro will step down as chairman of the Securities and Exchange Commission next month after a tumultuous tenure in which she helped lead the U.S. government's regulatory response to the 2008 financial crisis. President Barack...

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Top lobster scientists gather in Maine

PORTLAND, Maine — On the heels of a summer that featured a potentially record-breaking lobster haul in Maine and Canada and a crash in wholesale prices, top lobster scientists are meeting in Maine to look at fundamental changes that have affected lobsters...

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Fiscal cliff warning sends stock market lower

Traders came back to work on Monday after the Thanksgiving weekend to the same old worries about the fiscal cliff and the European debt crisis. The stock market fell in midday trading as Washington lawmakers and business groups bickered over the proper...

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Business - BostonHerald.com

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. Mon, 19 Nov 2012 12:19:16 -0500...

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Elmo puppeteer accused of underage relationship

NEW YORK — The puppeteer who performs as Elmo on "Sesame Street" is taking a leave of absence from the popular kids' show in the wake of allegations that he had a relationship with a 16-year-old boy. Sesame Workshop said puppeteer Kevin Clash denies...

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AP to launch Spanish-language stylebook

NEW YORK — The Associated Press is launching its first Spanish-language stylebook alongside the AP Stylebook that has served as a standard reference for English-language journalists since 1953. Access to the Web-based "Manual de Estilo Online de la...

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Fiat Industrial announces new management structure

MILAN — Capital goods maker Fiat Industrial on Monday announced a new management structure aimed at making it easier to merge with its U.S. subsidiary CNH Global N.V., the agriculture equipment maker. Fiat Industrial, which makes trucks, agriculture...

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Hollywood expects to have a happy holiday season at the box office

LOS ANGELES — Movie theaters posted their worst attendance since 1994 last year, but Hollywood is poised for a big comeback — with the help of a secret agent, a sullen vampire and a hairy-footed hobbit. Domestic ticket sales are already up by 3 percent...

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