The Ticker

Owner explores sale of Providence Journal

The Dallas-based parent company of the Providence Journal, A.H. Belo, has hired a consultant to explore the sale of the paper, the company said in a statement.

The Journal is the only newspaper owned by Belo outside of Texas, after the sale of the Press-Enterprise of Riverside, Calif., last month.

The company said the eventual sale of the Journal is not guaranteed, and is dependent on finding an appropriate buyer.

MGM Springfield inks deal with Ludlow

MGM Springfield has signed its first surrounding community agreement with the town of Ludlow, the casino giant said. The town will receive $50,000 up front and a minimum of $100,000 per year, according to MGM. MGM is proposing an $800 million casino in the South End of Springfield. The project was endorsed by Springfield voters in July.

State income tax to drop Jan. 1

State Revenue Commissioner Amy Pitter has certified that the state's income tax will be lowered from the current 5.25 percent to 5.2 percent Jan. 1.

In a letter yesterday to Secretary of Administration and Finance Glen Shor, Pitter said tax collections have exceeded benchmarks and have met the threshold required under state law to trigger an automatic .05 percent reduction in the income tax. Officials say the tax cut will result in an estimated loss of $65 million in the fiscal year that runs through July 1.

Robot can solve Rubik's Cube

Humanoid robot Baxter, made by Boston-based Rethink Robotics, can now solve a Rubik's Cube, the company said. In a video posted online, the robot used primarily for monotonous manufacturing tasks recognizes the different colors of the cube and then figures out the necessary steps to solve the puzzle.

TODAY

• Labor Department releases weekly jobless claims.
• Commerce Department releases third-quarter gross domestic product.
• European Central Bank's governing council meets to set monetary policy for the eurozone.

TOMORROW

• Labor Department releases employment data for November.
• Commerce Department releases personal income and spending for October.

THE SHUFFLE

• Marjorie Cappucci, left, has joined Needham Bank's Medfield office as branch manager. She has more than 17 years of banking experience.
• Snom, a developer of IP desktop business phones, has appointed Brian J. Kelley as chief executive officer. Kelley had previously been managing snom's business in the Americas.

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