Boston Bureau Chief
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Jun 7, 2012

Schilling video game company declares bankruptcy

BOSTON/NEW YORK (Reuters) – 38 Studios, the video game company run by former Red Sox baseball great Curt Schilling, declared bankruptcy on Thursday, weeks after laying off most of its staff and having its funding cut by the state of Rhode Island, which had been its major financial benefactor.

The filing for Chapter 7 bankruptcy protection was made in U.S. Bankruptcy Court in Delaware.

Jun 7, 2012

Yellen argues for more Fed easing amid Europe risk

BOSTON (Reuters) – The Federal Reserve’s second-highest official on Wednesday laid out the case for the U.S. central bank to provide more support to a fragile economy as financial turmoil in Europe mounts.

Janet Yellen, the vice chair of the Fed, cited risks from ongoing housing problems, a weak jobs market and worsening financial conditions in a speech in Boston. Her views carry great weight with Fed Chairman Ben Bernanke, and her comments suggest that the Fed may be close to easing policy again.

Jun 7, 2012

Fed’s Yellen says recent economic data disappointing

BOSTON (Reuters) – Recent U.S. economic data has been “pretty disappointing,” with the economy probably growing at a 2 percent rate and the labor market stalled for now, the Federal Reserve’s number two policy-maker said on Wednesday.

Fed Vice Chairman Janet Yellen hinted that the central bank would be prepared to act if it suspects that growth will remain tepid for too long.

Jun 6, 2012

U.S. nuclear submarine fire linked to vacuum cleaner

BOSTON (Reuters) – A fire that caused an estimated $400 million in damage to a U.S. Navy nuclear-powered submarine docked in Maine may have been caused by a vacuum cleaner, authorities said on Wednesday.

The fire in the forward compartment – which includes crew living, command and control spaces and the torpedo room – of the USS Miami on May 23 took about 12 hours to extinguish and injured seven firefighters.

Jun 5, 2012

Herb Reed of vocal group The Platters dead at 83

BOSTON (Reuters) – Herb Reed, the last of the founding members of 1950s R&B crooners The Platters, known for hits such as “Smoke Gets in Your Eyes” and “The Great Pretender,” has died in Boston age 83.

Reed’s publicists said the singer, who in recent years lived in Arlington, Massachusetts, died on Monday after a period of declining health.

Jun 4, 2012

Celtics pull even with Heat in overtime thriller

BOSTON (Reuters) – Miami guard Dwyane Wade missed a three-point shot at the buzzer in overtime, allowing the Boston Celtics to see off the Heat 93-91 on Sunday and level the best-of-seven Eastern Conference Finals series at 2-2.

Boston lead by as many as 18 points in the first half but Miami almost clawed their way to an unlikely win on shot-making by LeBron James and smothering defense lead by Wade that took the Celtics out of their rhythm.

Jun 2, 2012

Democrat Warren talks tough in tight Senate race

BOSTON (Reuters) – Democratic Senate candidate Elizabeth Warren took the offensive against Republican Senator Scott Brown on Saturday, attempting to put questions about her ethnic heritage in the rear-view mirror with a fiery speech at a state convention.

Warren’s attack came as two opinion polls showed the rivals locked in a tight race for Brown’s Senate seat for Massachusetts, one of the most closely watched Congressional contests in the November election, in which the Democrats are seeking to protect a slim Senate majority.

Jun 2, 2012

Celtics cool Heat to narrow series deficit

BOSTON (Reuters) – The Boston Celtics ramped up on defense to re-energies their playoff ambitions with a 101-91 victory over the Miami Heat on Friday, their first win in the NBA Eastern Conference finals series.

A win at home was critical for Boston, especially after losing in overtime to Miami on Wednesday. The Celtics still trail 2-1 in the best-of-seven series but could now tie it up in Boston on Sunday.

May 31, 2012

Senate contender Warren denies using ethnicity for unfair gain

BOSTON (Reuters) – U.S. Senate candidate Elizabeth Warren has acknowledged for the first time she told two prestigious law schools she had a Native American heritage but disputed suggestions that she used her ethnicity to help gain employment at the universities.

The Democrat later lashed out at Republican Scott Brown, who she is expected to face in the tight race for the U.S. Senate seat for Massachusetts in November, for impugning her parents’ truthfulness on the topic of her lineage.

May 31, 2012

Gamesmanship abounds as Obama, Romney campaigns duel over jobs

BOSTON/FREMONT, California, May 31 (Reuters) – The campaigns
of President Barack Obama and Republican Mitt Romney took their
political gamesmanship up a notch on Thursday, with dueling
events that featured raucous heckling, a secret trip for
reporters and symbolic backdrops that reflected the increasing
intensity of the tight race for the White House.

Obama’s chief strategist David Axelrod invaded Romney’s home
turf, blasting the Republican’s record as Massachusetts governor
at an appearance in Boston where Axelrod frequently was
interrupted by an organized crowd of heckling Romney supporters.

    • About Ros

      "Ros Krasny is Boston Bureau Chief, leading coverage of the New England scene. She was previously a regional Federal Reserve correspondent based in Chicago, and spent many years writing about agricultural commodity markets with Bridge News and Knight-Ridder Financial news."
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