The Ticker

Sales up, prices down

The pace of home sales hit the highest level in nine quarters in September, but unfortunately for sellers the median price slipped back below $300,000, the Warren Group said.

The Boston-based real estate tracker counted 3,791 single-family home sales, up 8 percent from a year ago. The median price fell 4.5 percent to $277,000.

Apple, N.Y. Times earnings disappoint

Apple beat its own predictions for the third quarter, posting an $8.2 billion profit on nearly $36 billion in sales, but the tech giant's earnings missed Wall Street high expectations and it expects the cost to make new iPhones and iPads to cut into profits for the holiday quarter.

Meanwhile, the New York Times [NYT] Co. reported a sharp decline in its third-quarter net income and said revenue fell below analysts' expectations amid weakness in print and digital advertising.

Tilly's hits malls in Bay State debut

California action sports clothing retailer Tilly's will make its New England debut with stores at the South Shore Plaza in Braintree and Peabody's Northshore Mall.

Medical testing co. on Marlboro Quest

Quest Diagnostics, a New Jersey-based provider of medical testing services, will take over the former Hewlett-Packard office in Marlboro, investing $64 million in a laboratory and bringing 950 jobs to the city.

Zmags nets $6M in funding

Zmags, a Boston-based provider of commerce-enabled digital catalogs and publications, has raised an additional $6 million in funding to fuel innovation in tablet-based commerce. The company said it signed 74 new accounts in the third quarter of this year.

TODAY

L MassBenchmarks releases its current and leading indices.

L Microsoft launches its Windows 8 operating system.

L Bertrand Loy, current chief operating officer for Billerica-based Entegris, will succeed Gideon Argov as president and CEO, effective Nov. 1. Loy will also be elected to the Entegris board of directors.

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