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Bay State homeowners see mortgage relief

Massachusetts homeowners have received more than $266 million in total relief through the end of September from a national mortgage settlement with five major banks.

The banks have reported more than $21.9 billion in completed consumer relief nationwide between March and September of this year. Under terms of the national settlement, the banks were ordered to provide an estimated $257 million worth of mortgage relief across the state and an estimated $14.6 million in cash payments to Bay State borrowers in post-foreclosure relief.

Cape Cod man charged in Ponzi scheme

Secretary of State William F. Galvin has charged James R. Cruise Jr. of Centerville with fraud for his alleged involvement in a two-decade-long real estate Ponzi scheme that snared 25 Bay State investors in more than $1.2 million in unregistered securities. An administrative complaint seeks a cease and desist order against Cruise, an accounting of all proceeds from the alleged wrongdoing, an administrative fine, and an offer to compensate investors.

Mass. gas prices talk turkey

With Thanksgiving travel looming, Bay State regular unleaded gas prices have dropped 3 cents this week to $3.58 a gallon, according to AAA Southern New England. Yet the price is still 17 cents above the national average of $3.41, and 25 cents higher than prices a year ago.

Activist calls for Edgewater shake-up

Echo Lake Capital Founder Ephraim Fields has urged Wakefield-based Edgewater Technology's board of directors to hire a "reputable investment bank" to explore strategic alternatives designed to maximize shareholder value, in the wake of the company's stock price dropping 55 percent from 2007 to 2011. The company declined to comment on Fields' letter to board members.

Twinkies get a reprieve for now

Hostess Brands, maker of the iconic Twinkies and other treats, said it will follow a request from the U.S. Bankruptcy Court for the Southern District of New York to enter a confidential mediation with one of its largest unions, the Bakery, Confectionary, Tobacco and Grain Millers Union.

Intel CEO stepping down in May

Intel CEO Paul Otellini, 62, surprised many by announcing plans to retire in May, giving the world's largest maker of microprocessors six months to find a new leader as it confronts two major challenges: a shaky economy and a shift toward mobile devices that is reducing demand for its PC chips.

SiriusXM to play 'Car Talk' reruns

SiriusXM Radio said it will begin this Friday airing three back-to-back daily episodes from the 25-year collection of "Car Talk" — the brainchild of automotive experts Tom and Ray Magliozzi, also known as the Tappet Brothers — weekdays on its SiriusXM Public Radio channel.

The station will also air a Thanksgiving Day "Car Talk" marathon from Nov. 22 at 9 a.m. until 5 a.m. Friday, featuring such favorite shows as Tom and Ray's special Thanksgiving Show.

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