Massachusetts gas prices drop three cents

Bay State gas prices are down another three cents this week, according to AAA Southern New England. Self-serve, regular unleaded gas is currently averaging $3.44 a gallon, seven cents less than the national average of $3.51. Local prices are down 19...

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BIND Therapeutics, AstraZeneca partner on cancer nanomedicine

Cambridge-based BIND Therapeutics and AstraZeneca said today they have entered into a strategic collaboration to develop and commercialize a cancer nanomedicine. Under terms of the agreement, the companies will work together to complete new drug-enabling...

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Bits of Health raises money for One Fund Boston

Local nutrition company Bits of Health said today it has launched a fund-raising effort called "Go The Distance," whereby the business will give a 10 percent discount off every purchase made online that uses the promotional code BOSTONSTRONG. Additionally,...

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Israeli-based Gizmox raises $7.5M for Hub headquarters

Gizmox, an Israeli-based company that focuses on HTML5 for new and existing business applications, said today it has raised $7.5 million in funding to build and staff its new headquarters in Boston. The funding round was led by Atlas Venture with participation...

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FairPoint announces changes in Vt. leadership

MONTPELIER, Vt. — Vermont's predominant landline telephone and telecommunications company is making changes at the top. FairPoint Vermont President Mike Smith will be stepping down in August. He will be succeeded by Beth Fastiggi, the company's vice...

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European austerity yields meager results in 2012

LONDON — The austerity pain pursued by a number of European countries led to very little gain in 2012. Figures Monday from Eurostat, the European Union's statistics office, showed that many of the countries hit hardest by Europe's financial crisis,...

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New Balance, Simon Property Group donate to One Fund Boston

New Balance Athletic Shoe Inc. today announced a $1 million donation to the One Fund Boston. The Boston running shoe maker also will match its employees' contributions to the fund, which was set up by Gov. Deval Patrick and Boston Mayor Thomas M. Menino...

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Caterpillar 1Q profit shrank; cuts 2013 outlook

MINNEAPOLIS — A slowdown in the mining business is digging a hole in Caterpillar's profits. First-quarter profit shrank 45 percent. Caterpillar lowered its expectations for full year sales and profit because its mining business is slowing. Sales of...

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G-20 approval of Japan's easing drives markets up

PARIS — A global stamp of approval for Japan's aggressive monetary policy and the re-election of the Italian president pushed world stocks higher Monday. Upending expectations, finance ministers and central bank governors from the world's largest economies...

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Michelin sales slump in 1st quarter

PARIS — French tire-maker Michelin says its sales slumped 8.1 percent in the first quarter on weak car markets in Europe and North America. Michelin says it made revenue of €4.88 billion ($3.36 billion) in the January-March period, down from €5.3 billion...

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