BOSTON, Aug 28 (Reuters) – A family feud and employee revolt
that tipped New England supermarket chain Market Basket into
chaos ended late Wednesday with a deal to sell the company to
its ousted CEO, Arthur T. Demoulas, according to a statement
announcing the deal.
“He and his management team will return to Market Basket
during the interim period while the transaction to purchase the
company is completed,” the statement said, without detailing the
value of the deal. The statement was provided by a spokesman for
Arthur T. Demoulas.
BOSTON (Reuters) – Scientists say they have developed a low-cost robot prototype made from paper and children’s trinkets that can assemble itself and perform a task without human help.
The technology could eventually lead to affordable ‘robotic helpers’ for use in everything from household chores to exploring space, according to the team of Harvard and Massachusetts Institute of Technology engineers who developed it.
BOSTON (Reuters) – Massachusetts is beefing up security around abortion clinics and scrambling for a legal fix after the U.S. Supreme Court voided the state’s buffer zone law that kept protesters 35 feet away, saying it violated freedom of speech.
Boston, Worcester and Springfield, the state’s largest cities, have deployed extra police to clinics, and abortion-provider Planned Parenthood said it was training new “patient escorts” to help women through protests if needed.
LAC-MEGANTIC, Quebec, June 24 (Reuters) – Each time a train
rumbles past her house and the clothing shop where she works,
Lucie Roy relives the moment last year when explosions leveled
much of her neighborhood – and she and her two children narrowly
“I freak out inside when I feel that train shake the
ground,” she said, looking out a window at the tracks and the
blast zone, an open pit crawling with heavy machinery. “I’m
doing my best to move on, but it is hard when I have to face my
nightmare on a daily basis.”
BOSTON/SAN FRANCISCO, June 5 (Reuters) – A pair of Federal
Reserve officials on Wednesday warned that raising U.S. interest
rates to fend off bubbles and other troubling signs of financial
market unrest could undercut the Fed’s efforts to put the U.S.
economy on a sounder footing.
But they embraced broadly different approaches to address
the possibility that, as policymakers from Fed Chair Janet
Yellen on down have said, extremely loose monetary policy may be
encouraging businesses and households to take risks that set the
financial system up for another crash.
BOSTON, May 21 (Reuters) – Planes and ships from the United
States, Canada, and Britain have turned up no fresh signs of
four British sailors missing in the Atlantic, the U.S. Coast
Guard said on Wednesday, adding search efforts would continue.
The crew members on board the yacht Cheeki Rafiki went
missing on Friday as they were returning to Britain from a
sailing event in Antigua in the Caribbean and reported that the
vessel was taking on water, forcing them to change course for
BOSTON (Reuters) – Former National Football League star Aaron Hernandez has been charged with murder in connection with the July 2012 shooting of two men in Boston, Suffolk County District Attorney Daniel Conley said on Thursday.
The former tight end for the New England Patriots is already in jail awaiting trial on charges he and two accomplices shot a man to death last June. The Patriots released Hernandez from the team hours after his arrest in that case.
BOSTON/JAKARTA/MELBOURNE (Reuters) – Billionaire Tom Steyer has rapidly become one of America’s most visible environmental advocates, vowing to punish lawmakers who don’t oppose climate change and pledging to spend up to $100 million to put the issue centre stage in the Nov. 4 elections.
His in-your-face tactics have made him fierce enemies on the right who accuse him of hypocrisy and claim that he made much of his fortune through investments in fossil fuel energy at Farallon Capital Management, the San Francisco-based hedge fund he founded in 1986.
BOSTON/JAKARTA/MELBOURNE, May 13 (Reuters) – Billionaire Tom
Steyer has rapidly become one of America’s most visible
environmental advocates, vowing to punish lawmakers who don’t
oppose climate change and pledging to spend up to $100 million
to put the issue center stage in the Nov. 4 elections.
His in-your-face tactics have made him fierce enemies on the
right who accuse him of hypocrisy and claim that he made much of
his fortune through investments in fossil fuel energy at
Farallon Capital Management, the San Francisco-based hedge fund
he founded in 1986.
May 9 (Reuters) – Few if any of the big U.S. pension or
college endowment funds appear ready to follow in Stanford
University’s footsteps and pull their money out of shares of
coal miners or other fossil fuel producers.
Officials from the pension systems for California’s public
employees and schoolteachers and New York public employees, the
three largest U.S. retirement funds, told Reuters they prefer to
work with their portfolio companies to improve their behavior
rather than divest them.