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Gym revokes woman’s membership over call

Written By Unknown on Sabtu, 02 Maret 2013 | 18.38

A Westwood woman learned there's a limit to how much free speech you can exercise at the gym, after Planet Fitness yanked her membership for yakking on a cell phone while working out.

Tina Santoro Asmar said she got the boot after answering an unexpected call from her doctor's office while training on the elliptical at the Planet Fitness in Dedham on Thursday.

That violated a rule restricting cell phone use to the lobby, but the 49-year-old owner of Santoro's Sicilian Trattoria in Dedham claims the gym's general manager violated the chain's "no gymtimidation" mantra with his "bizarrely angry" crackdown.

"He was enraged," Asmar said, adding she didn't want to leave the workout area because her iPad was plugged into the elliptical machine. "I said I'd be off in a minute. He said, 'I said now.' His demeanor was very threatening. I said, 'Oh, please, please step away from me,' and he continued to say, 'No, I need you to hang up that phone now or I'm going to cancel your membership.' "

But club co-owner Brian Kablik, a franchisee with eight Planet Fitness locations, said a regional manager witnessed the incident, and it was Asmar who was belligerent.

"This is a member that's had repeated issues and incidents with cell phone use," Kablik said. "I can assure you that our manager would not be treating a member poorly. Her reaction, when she was approached in a professional way, was extremely unprofessional and rude and dismissive."

Planet Fitness — a New Hampshire-based chain known for its "judgment-free zone" and "no lunk" policy against members grunting while lifting weights — has about 10 "no cell phone" signs posted throughout each of its 620 clubs to ensure a comfortable environment for members, Kablik said. The policy is aimed at preventing members from being interrupted by loud phone conversations, and it also eliminates concerns about video recording or photographs of people in their exercise outfits.

New York attorney Lori Pines, author of "The Little Book of Gym Etiquette: A Handbook for Dealing with Annoying People at the Gym," said she sides with Planet Fitness. While no one should be treated rudely, cell phone calls in the middle of gyms are problematic, she said.

"I sympathize with the gym here ... especially since she's been warned before, and it's a posted rule," Pines said. "She couldn't have been in a dire medical emergency, because she was in the middle of working out."

Asmar said she understands that cell phone use can be annoying in certain situations, but she felt mistreated by Planet Fitness.

"I'm not asking for my money back or anything, just an apology," she said.


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Home’s got room for fun, games

Call it the ultimate family dream house. This 20,000-square-foot home high atop Bald Hill in Andover has everything kids could want — a regulation-size indoor basketball court outfitted with a batting cage and a major-league pitching machine, an indoor pool with water slides, a home theater with stage, a room full of arcade machines — even a 10-pin bowling alley.

The current owners raised four children in the home, which despite its square footage does not feel like an egoistic McMansion. The rooms are well-scaled and the basketball court is subtly hidden behind a front colonnade and arched glass windows, with a separate entrance for holding neighborhood practices.

Built in 2003, the home has a tasteful olive cedar and fieldstone exterior and sits on four acres of land with a putting green and grass backyard the size of a football field and sporting panoramic views. It was on the market for $6.5 million but has just been reduced to $5.5 million, far less than the owner has invested.

Custom-milled cherrywood and mahogany door moldings and built-ins fill the home, along with engineered birch floors that have radiant heating in some rooms. There's a light-filled home office, a billiards room, formal dining room, large master bedroom suite and four other bedrooms with connecting Jack-and-Jill baths.

The cherrywood and Absolut black granite kitchen features a breakfast bar that seats nine, a two-sided gas fireplace, professional grade Wolfe appliances and an adjoining sunroom for informal dining.

The large sunken living room is divided by a coffered ceiling and soffits into several areas, with a large fieldstone wood-burning fireplace and a built-in media center. This room opens out onto a large deck with great views that has a built-in hot tub and professional putting green.

There's even a nanny/in-law suite on the first floor with a full bath.

But the home's highlights are the basketball court with a professional scoreboard and the indoor pool, bowling alley and locker rooms and a home gym below, which account for nearly 9,000 square feet of the home. There's a soaring cedar solarium at one end of the gym with water slides down to the pool.

The second-floor master bedroom suite has a seating area with glass doors out to a deck. There are two walk-in closets and a two-sided gas fireplace that overlooks a raised whirlpool tub in a marble-lined en-suite bathroom with a double granite-topped vanity and walk-in shower.

The other bedrooms are scattered throughout the second and smaller third floors, and there are two sets of laundry areas.

The basement has a finished game room with a bar, a home theater with rows of plush seats, and a second nanny/in-law suite. The arcade games are negotiable to buy.


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A deal worth 
celebrating

Party City, the nation's largest party goods chain, plans to acquire iParty. Here's a look at the two retailers:

iParty

HQ: Dedham, Mass.

Founded: 1998

Stores: 54 in New England and Florida

Annual revenue: $80.9 million*

Party City

HQ: Rockaway, N.J.

Founded: 1986

Stores: 750 in U.S., Canada and Puerto Rico

Annual revenue: $1.9 billion*

*From 2011 financial reports, latest available


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iParty’s over as Dedham chain sells to N.J. rival

iParty's over as Dedham chain sells to N.J. rival

Dedham's iParty finally has something to celebrate.

Larger competitor Party City has a deal to buy the struggling party goods chain, which in November announced it had hired a financial adviser to explore strategic alternatives. The cash deal, valued at about $10.9 million for common stockholders, represents a 200 percent premium over iParty's Feb. 28 closing share price.

Party City is getting iParty "very cheap," said retail consultant Michael Tesler, of Norwell's Retail Concepts, but it's good news for iParty's landlords and vendors.

"IParty may have been struggling paying its bills and may be in arrears in some of these situations," Tesler said. "In a bankruptcy case, the landlords would get killed. It would be worse for vendors."

In regulatory documents, iParty said the total transaction has an expected "enterprise value" — a measure of what the market believes a company's ongoing operations are worth — of about $35 million, excluding deal expenses.

Rockaway, N.J.-based Party City is the nation's largest party supply retailer with 750 stores, while iParty has 54 stores in New England and Florida.

"Party City is a leading player in our industry, and we could not be more pleased with this outcome of the strategic review we initiated last year and the return it affords to all of our stockholders" said iParty chief Sal Perisano.

In October, iParty took a devastating blow from Hurricane Sandy — the second straight year that a major storm disrupted its crucial Halloween seasonal sales period.

Party City CEO Gerald Rittenberg said the acquisition will accelerate the chain's growth in New England, where it has just five Connecticut stores. "We look forward to working together to expand our combined geographic footprint and brand presence on a national scale," he said.

The deal, expected to close in the second quarter, allows iParty to solicit superior proposals through March 31.

Boston private equity firm Thomas H. Lee Partners bought a majority stake in Party City last June.


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You can change filing status for Mass.

Written By Unknown on Jumat, 01 Maret 2013 | 18.38

You can change filing status for Mass.

Tax season is upon us and the Herald's TaxSmart experts are here every Friday to help.

Today, Joy Child of Alexander, Aronson, Finning & Co. of Westboro discusses federal and state filing statuses.

Can I file as head of household on my federal return, but file as single on my state return? In other words, do I have to use the same filing status for both federal and state? I do qualify for both.

— bshaw69

Yes, you can file as head of household on your federal return and as single on your state return. However, the exemption is larger if you file as head of household on the Massachusetts return so there would be no advantage to filing as single. You cannot file as head of household on the Massachusetts form unless you also qualify as head of household on the federal return.

Massachusetts does not require you to use the same filing status that you used for federal purposes, as long as you qualify for the status that you use.

To further complicate matters, since the federal government does not recognize same-sex marriages, but Massachusetts does, a person in a same-sex marriage can file as single or as a head of household (if other requirements are met) for the federal return.

However, in Massachusetts, a same-sex married couple can only file as married filing jointly or as married filing separately. They do not have the option of filing as single or as head of household, since they are, in fact, married under state law.

Email your TaxSmart questions to bizsmart@bostonherald.com


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High-end home sales on a roll

Sales of high-end homes surged in 2012, as wealthy owners rushed to list their properties and buy new ones to avoid the capital-gains tax hikes in January that were part of the "fiscal cliff" deal.

The momentum has carried over into 2013, with sales of luxury properties staying strong despite the higher tax rates. The first two months of 2013 saw 30 properties over the $2 million level sell, roughly the same as a year ago when 31 such sales were made.

Meanwhile, the number of high-end homes under contract is higher now than a year ago. In the first two months of 2013, there were 66 condos and single-family homes worth at least 
$2 million under agreement, versus 55 in the same span of 2012.

To highlight the trend, here's a look at a few recent luxury sales:

37 Thatcher St., Westwood

Selling for $3,015,000, this four-bedroom, Gambrel-style home measures 9,400 square feet and sits on about 3.5 acres of landscaped grounds.

The estate's layout features a grand foyer; a gourmet kitchen with a separate breakfast room and a butler's pantry; formal living and dining rooms; and a 32-by-20-foot family room flanked by a sunroom terrace. The master suite includes a bath, dressing room and sitting room.

There are 10 fireplaces in the main house, and the cottage house has a four-car garage and a tack room. A pool house accompanies the in-ground swimming pool.

173 West Brookline St., Boston

This classic South End bowfront single-family home sold for $2,500,000. The 3,931-square-foot home has five bedrooms plus an au pair suite, 31⁄2 baths, and some of the most beautifully restored original detail in the neighborhood.

Elegant double parlors have high ceilings, gorgeous moldings and mantles. There is a formal dining room with butler's pantry, an eat-in kitchen that opens out to rear deck and garden, central air conditioning and deeded parking spaces for two cars.

17 Yarmouth Road, Brookline

Selling for an even $2 million, on one of Chestnut Hill's most prestigious streets in Brookline, was this five-bedroom, 51⁄2 bath Colonial.

The stately, 3,256-
square-foot property has a three-car garage and enough parking for 10 cars. Grand mature trees on the acre-plus lot surround a large in-ground pool with a separate pool house.

580 Walnut St., 
Newton

On Bullough's Pond, a recently renovated and expanded Victorian home sold for $2,250,000. The 4,625-square-foot home has five bedrooms that encompass three floors as well as a walk out lower level. The living room has an open floor plan to the great dining room as well as an eat-in kitchen with custom cabinets, an island and high end appliances.

Penthouse 1 at The Clarendon, Boston

This posh three-bedroom spread in the Back Bay residential tower developed by the Related Cos. and Beal Cos. sold for $6,500,000.

The three-bedroom plus library penthouse measures 3,545 square feet and features a private terrace with panoramic views of Boston. The property comes with garage parking for two cars.

Jennifer Athas, a licensed real estate broker, can 
be reached by email at heraldhotproperty@
gmail.com. Follow her on Twitter @JenAthas.


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Under Armour signs 8-year deal with USA Gymnastics

BALTIMORE — USA Gymnastics is getting a new look, courtesy of Under Armour.

Under Armour will outfit U.S. gymnasts, their coaches and USA Gymnastics staff through the next two Olympics as part of an eight-year agreement being announced Thursday. It's the first deal with a national governing body of a Summer Olympic sport for the apparel maker, which is already working with the U.S. speedskating, bobsled and luge federations.

Under the agreement, U.S. gymnasts will wear Under Armour gear — including the new Armour39 digital performance monitoring system — at competitions and national team training camps. Under Armour will work with GK Elite, which has manufactured the leotards U.S. gymnasts have worn in competition since 2000, to create competitive apparel.

U.S. gymnasts will begin sporting their new apparel at Saturday's American Cup.


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Stocks slip as US budget impasse looms

AMSTERDAM — Global stocks mostly fell Friday as investors grew wary over the prospect of impending spending cuts by the U.S. government.

Some $85 billion in cuts are due to take effect today as part of a previous budget agreement between the White House and Congress. The planned "sequester" could hit U.S. growth if no deal is reached to avoid it. The International Monetary Fund has estimated that it could shave around 0.5 percentage point off U.S. growth this year.

Though relatively minor, certainly in comparison with what could have happened if U.S. lawmakers didn't cobble together a deal to avoid the so-called "fiscal cliff" of automatic spending cuts and tax rises at the end of 2012, the debate over the "sequester" has highlighted the scale of divisions in Congress.

"All we've seen in recent months is yet another sign that those in Congress are more concerned with their political agenda than doing what's best for the country," said Craig Erlam, market analyst at Alpari.

At the end of a week that's seen financial markets swing this way and that following the messy Italian election results and an indication from U.S. Federal Reserve chairman Ben Bernanke that the central bank was not planning to tweak its super-easy and super-cheap monetary policy anytime soon, stocks have been subdued especially after some disappointing economic data.

In Europe, British manufacturing figures came in worse than expected and unemployment in the 17-country euro area rose to 11.9 percent from 11.8 percent in December.

The FTSE 100 index of leading British shares was down 0.4 percent at 6,335.36, while Germany's DAX fell a full percent to 7,666.44. The CAC-40 in France fared even worse, falling 1.1 percent to 3,682.50Futures showed a similar trend for Wall Street, a day after the Dow Jones industrial average once again failed to breach its all-time closing high after a late sell-off. Dow futures were down 0.5 percent at 14,021, while S&P 500 futures shed 0.1 percent to 1509.25.

There's further U.S. economic news later that could impinge on the performance of U.S. stocks, notably the monthly Institute for Supply Management's survey into manufacturing conditions.

In Asia, Tokyo's Nikkei 225 stock index gained 0.4 percent to 11,606.38 on expectations that the Bank of Japan will push ahead with more drastic monetary easing under its future new governor, Haruhiko Kuroda. He requires parliamentary approval, before he succeeds current BOJ governor, Masaaki Shirakawa, when he steps down on Mar. 19.

Elsewhere in Asia, markets were lower as China's manufacturing grew at its weakest rate in five months in February as demand faltered and factories shut down for the Lunar New Year holiday.

Hong Kong's Hang Seng dropped 0.6 percent to 22,880.22. Australia's S&P/ASX 200 shed 0.4 percent to 5,086.10. South Korean markets were closed for a public holiday. Mainland China's benchmark fell 0.3 percent to 2,359.51.

The U.S. dollar has rallied this week thanks to positive economic news and rising tensions over Italy. The euro was down 0.1 percent at $1.3043 while the dollar rose 0. 3 percent to 92.85 yen.

Benchmark crude for April delivery was down 93 cents or 1.1 percent to $91.00 a barrel in electronic trading on the New York Mercantile Exchange.

_____

AP Business Writer Elaine Kurtenbach contributed to this story from Tokyo.


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TechStars Boston’s Spring 2013 lineup

Written By Unknown on Kamis, 28 Februari 2013 | 18.38

The 14 startups — and the concepts behind them — selected to participate in TechStars Boston's Spring 2013 program:

CheckiO, an interactive and educational game and competition platform for developers.

Codeship, a hosted, continuous integration and deployment platform.

CONSTRVCT, a crowd-sourced fashion label, where anyone can create and sell unique designs with 3-D design tools, custom fit and on demand production.

coUrbanize, a startup that helps communities and developers build better real estate projects.

Fancred, a new social app for sports fans.

Freight Farms, a farming platform that can be installed anywhere and operated by almost anyone, transforming shipping containers into a source for crops.

Jebbit, a company whose pay-per-performance model rewards consumers with cash for actively answering questions that educate them on the brand.

LinkCycle, a startup that helps manufacturers manage resource consumption across product lines.

Neurala, a company that develops software and hardware for a robot to be trained, instead of explicitly programmed, to perform tasks.

Outline, a startup that uses advanced economic modeling and data visualization to improve government transparency, efficiency and performance.

PillPack, a company that fills, sorts and delivers all your medications in personalized packets, based on when you need to take them.

qunb, a "YouTube for numbers," that makes data broadcasting and data visualization accessible to anyone.

Rallyt, a startup that helps organizations achieve their goals by connecting and engaging communities around meaningful actions.

Synack, a company that redefines vulnerability discovery.


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Linked in

Two top Bay State employers, Bose and Putnam Investments, are now connected in the golf world. The Framingham-based audio giant announced a product endorsement deal with world No. 1-ranked Rory McIlroy 
yesterday. That one-ups the Boston money manager, which in 2011 signed then-unheralded Keegan Bradley, now ranked 18th.

Some company highlights:

BOSE CORP.

• HQ: Bose Mountain, Framingham

• Business: Sells high-end audio products such as headphones and speakers

• Annual revenue: $2.5 billion, according to Forbes estimate

• Founded: 1964 by MIT professor Amar Bose

• Other sponsorships: National Football League

PUTNAM INVESTMENTS

• HQ: Post Office Square, Boston

• Business: Provides investment management products including mutual funds

• Total assets under management: $133 billion

• Founded: 1937 by George Putnam

• Other sponsorships: Champion skier Ted Ligety; Gillette Stadium club


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The Ticker

Firms challenge DOMA

More than 200 businesses — including Eastern Bank, EMC, State Street and other top Bay State employers — urged the U.S. Supreme Court to strike down the Defense of Marriage Act, a 1996 federal law that restricts the definition of marriage to heterosexual unions.

In one of corporate America's most prominent efforts to support same-sex marriage, the companies signed on to a friend-of-the-court brief written by Sabin Willett of the Boston law firm Bingham McCutchen, which handled the matter pro bono.

Convention chief eyes expansion

Massachusetts Convention Center Authority chief Jim Rooney, right, said talks about financing legislation for a proposed $2 billion expansion of the South Boston exhibit hall are continuing with Gov. Deval Patrick and Treasurer Steven Grossman.

While testifying at a housing bonding committee oversight hearing, Rooney expressed hope that the project can start in early 2015.

Health clubs fail state price check

State regulators said health clubs in Massachusetts are failing to comply with laws requiring they display membership prices and fees.

The state Office of Consumer Affairs and Business Regulation found violations of disclosure laws at many local fitness clubs during a month-long investigation in the Boston area.

Nordstrom Rack hits Hub in 2 weeks

The debut of Nordstrom Rack in Boston's Back Bay is set for March 14.

The off-price arm of luxury retailer Nordstrom will open a two-level store in the Newbry building, filling a shuttered Filene's Basement.

TODAY

  • Historic Boston Inc. and developer Ron Druker cut the ribbon on four apartments and retail space at the newly restored Hayden Building in Chinatown.
  • PayPal celebrates its relocation to One International Place.

TOMORROW

  • The Venture Capital & Private Equity Club at Harvard Business School holds its 19th annual conference.
  • Automakers release February sales results.
  • Warren Buffett's Berkshire Hathaway reports quarterly financial results

THE SHUFFLE

  • BayPoint Builders has hired Mark David, left, as president and chief executive officer. Most recently, David was the president of construction at Jones Lang LaSalle overseeing the business nationally.

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Bailed-out RBS posts $9BN full-year loss

Bailed-out RBS posts $9BN full-year loss

February 28, 2013

LONDON — Part-nationalized U.K. lender Royal Bank of Scotland posted a loss for the fourth quarter and the year after it set aside more cash to compensate customers who bought payment protection insurance and to pay fines related to a rate-rigging scandal.

The company, 82 percent owned by British taxpayers, posted a full-year net loss of 5.971 billion pounds ($9 billion) versus a net loss of 1.997 billion pounds in 2011. It set aside another 1.1 billion pounds Thursday to compensate customers who were mis-sold insurance, versus 850 million pounds a year ago.

Chief Executive Stephen Hester says the bank — which was at the heart of Britain's economic crisis of 2008 — would be privatized in the next few years and that RBS was working to clear up past mistakes.


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New format for Clear Channel’s WXKS

Written By Unknown on Rabu, 27 Februari 2013 | 18.38

Bloomberg Radio wants to become the pulse of the Hub's business and finance community with a new 24/7 station that launches 12:01 a.m. Friday on WXKS 1200 AM.

"There's been a retrenchment in business coverage and we hope to come in there and fill that void," Al Mayers, head of Bloomberg Radio and a Melrose native, told the Herald. "Boston's a great center for the things that our customers are very interested in."

Bloomberg has 26 journalists in Boston who will be contributing regularly to show content, Mayers said. The station format will be guest-driven and will feature interviews anchored by eight hosts, he added.

The station will provide a signal for those with HD radio on 94.5FM-HD2. Bloomberg Radio has also formed a content partnership with Bentley University, which will provide the station access to faculty and staff for content and commentary.

WXKS, which is owned by Clear Channel Communications, has gone through several AM formats, including progressive talk and comedy, said Donna Halper, a veteran radio consultant and Lesley University professor.

"There's a real limitation to what you can do on AM in Boston right now because so many formats are already taken," she said. "AM, for right or for wrong, is listened to by older people and business attracts an older audience, so it might actually be a good move."

Mary Menna, market president for Clear Channel Media and Entertainment Boston, said the change in operation won't affect any employees. The station's current programming, "Matty's Comedy 1200," will now be offered to listeners on 107.9 WXKS HD2 in Boston, she added.

"We believe (Bloomberg Radio) will resonate very well with the audience in Boston," Menna said.


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The Ticker

Home sales start strong

Statewide home sales hit a five-year high in January, a hopeful sign for the upcoming spring real estate market, according to the Warren Group.

Single-family sales rose by more than 10 percent to 2,680, while the median price increased 6.8 percent to $277,750. That's the highest median price in three years, fueled by the lack of inventory.

"Given low mortgage rates and steady prices, there are positive signs that 2013 will be a second year of recovery," said Timothy M. Warren Jr., CEO of the Boston-based real estate tracker.

Mass. economy 'poised' for growth

Massachusetts' economy is "poised for expansion" despite a big threat from the federal budget battle, according to a new report.

The MassBenchmarks report reiterated that the state's defense, technology and health sectors could suffer massive job losses from large across-the-board cuts if the so-called sequester goes into effect on Friday.

Central Sq. biotech project gets OK

The Cambridge City Council approved zoning changes for Forest City Enterprises' plan for a 250,000-square-foot life sciences building in Central Square for drug developer Millennium. The Cleveland real estate developer's previous plan for 300 Massachusetts Ave. stalled after residents objected, but it agreed to create affordable housing in the area.

TODAY

 State Treasurer Steven Grossman speaks at a Greater Boston Chamber of Commerce forum at the Boston Harbor Hotel.

 Groupon, JC Penney, Target and TJX Cos. report quarterly financial results.

TOMORROW

 Bank of America exec Meredith Verdone speaks at a Greater Boston Chamber of Commerce women's network breakfast at the Fairmount Copley Plaza Hotel.

  Verastem CEO Christoph Westphal and co-founder Robert Weinberg speak at an MIT technology breakfast event.

  State Sen. Karen E. Spilka (D-Ashland), at left, has joined the corporate and business law department of Day Pitney LLP in the firm's Boston office.

  Mike Frisby, longtime political reporter for the Boston Globe and former White House correspondent for the Wall Street Journal, has joined forces with Regan Communications Group. Frisby, president of Frisby & Associates, a Washington, D.C.-based public relations firm, will also serve as president of Regan's Washington office.


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Airbus parent EADS sees Q4 earnings halve

BERLIN — Airbus parent company EADS NV posted a 47 percent drop in fourth-quarter net profit Wednesday after taking costly charges at its helicopter and defense electronics divisions.

The aerospace giant recorded a €325 million ($425 million) net profit in the October-December period, down from the previous year's €612 million. But for the full year, its net earnings were up 19 percent at €1.23 billion from €1.03 billion in 2011.

"There's still some way to go to meet our profitability targets," said chief executive Tom Enders.

Revenues rose 17 percent during the fourth quarter to €19.22 billion, with the core Airbus division posting a 21 percent increase to almost €13 billion.

But EADS took a €198 million hit during the quarter at its defense electronics contractor Cassidian, in part reflecting restructuring costs.

Renegotiating contracts with government customers resulted in a €100 million charge at helicopter maker Eurocopter.

The company's core business, aircraft maker Airbus, posted a 36 percent increase in operating profit during the final three months, rising to €393 million from €289 million in 2011. Of that, orders for civilian aircraft brought in €309 million while military planes garnered €85 million during the quarter.

Spaceflight division Astrium reported operating profits of €121 million, an increase of 19 percent from €102 million in the same period the previous year.

EADS said it expects to sell more commercial aircraft — about 700 — in 2013. Revenues will grow modestly, it said, but results will be affected by stuttering sales of the giant A380, which has suffered problems with its wings.

"We would love to sell more of the big birds," said Enders. "We need to sell more, and we will."

Another headache for Airbus are the production delays for its new A350 Extra Wide Body model — intended to challenge Boeing's 787 "Dreamliner." The 787 program has itself run into difficulties with the entire fleet grounded due to problems with its lithium batteries. Enders was diplomatic about his rival's woes, saying there was "definitely no schadenfreude" about the 787's grounding.

In its earnings report EADS repeated its warning that the A350 XWB program "remains challenging."

"Any schedule change could lead to increasingly higher impact on provisions," the company said.

EADS also said it was pushing back delivery of the first A400 M military transport planes from the first to the second quarter of the year.

With defense spending being cut in many industrialized countries, Enders said EADS was satisfied with the current share of defense in its business.

"Maybe it's not a bad time to have a smaller rather than larger defense business," he told reporters in Berlin, adding that the company planned to look forward after its failed bid to merge with Britain's BAE Systems last year.

Investors had also expected to receive an update Wednesday on the company's internal probe into allegations of bribery in the sale of fighter jets to Austria.

Enders said the results of the investigation — which runs parallel to a probe by Austrian authorities — would be presented at a later date as its scope had been widened.

"It's too early to jump to any conclusions," he said. But the company isn't currently making any provisions for legal repercussions in the case. "I have no reason to assume that employees of the company have engaged in misconduct or any criminal behavior."

The company said it is inviting shareholders to an extraordinary meeting March 27 to approve its new governance structure and a share buyback program for up to 15 percent of its stock. EADS last year announced sweeping governance changes that will see influence by state shareholders France and Germany shrink.

The company board is proposing a €0.60 increase in dividend at its annual general meeting in June.

EADS shares rose 5 percent to €36.60 on the NYSE Euronext exchange in Paris.


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Portugal seizes 87 tons of beef with horse meat

LISBON, Portugal — Portuguese authorities say they have seized 79 metric tons (87 U.S. tons) of beef products containing traces of horse meat in recent days and opened criminal proceedings against five local companies.

Horse meat has recently been found mixed into beef dishes sold across Europe, including in frozen supermarket meals. It has also been found in meals served at restaurants, schools and hospitals.

Portugal's Food Safety Agency said late Tuesday it made the seizures at companies that process, package and distribute meat to large retail outlets.

The agency said in a statement on its website that it also took almost 19,000 pre-packed products from Portuguese stores after detecting horse meat in them. They included lasagnas, hamburgers and meatballs.


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Gaming panel to pick cooler head to stem problem gambling

Written By Unknown on Selasa, 26 Februari 2013 | 18.38

Massachusetts' Gaming Commission is just weeks away from choosing its director of research and problem gambling — the head of a $15 million to 
$20 million a year effort to battle addictive gambling as the state enters the casino fray.

"Nobody will have done anything like this," said Chairman Steve Crosby. "That's not exaggerating on my part. That's really true. We'll be spending more money to address problem gambling on a per capita basis than any other jurisdiction in the United States."

The new director will be in charge of a Legislature-mandated study on the socioeconomic effects of gambling in the Bay State and follow-up research once gaming parlors are up and running.

"So we can really assess with data, not anecdotes, what the consequences are, both good and bad, in individual communities and regions in the commonwealth," said Crosby.

State officials are also looking at measures, such as self-exclusion lists, where problem gamblers can proactively forbid themselves from gambling inside a casino.

The money for the problem-gambling effort will come from gaming revenue, said Crosby.

The commission has received between 20 and 30 applications so far, and more are expected, said Crosby. Interviews could start as early as next week, with the final pick starting around the same time as new executive director Richard Day.

Crosby had no estimate on the salary, saying it depends on how much the finalist is currently making, but described the position as a "senior director" whose compensation would be "probably north of $80,000."

At their regular meeting on Thursday, the Gaming Commission is also expected to formally define "surrounding community" — a key consideration as casinos negotiate with local towns and cities over mitigation.


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Avid’s accounting needs some editing

Burlington's Avid Technology went from celebrating "c" to just plain "Argh" yesterday.

The maker of digital editing tools used to create the Oscar-winning film, among many others, disclosed it would indefinitely delay its quarterly earnings release because of an accounting issue.

That announcement, issued the morning after the Academy Awards ceremony, sent the company's stock stumbling like Jennifer Lawrence, who tripped on her way to accept best-actress honors for another Avid customer's film, "Silver Linings Playbook."

Avid shares lost nearly 9 percent, closing at $6.98 on the Nasdaq. The stock is down 68 percent from its 52-week high.

The fourth-quarter earnings release and an investor conference call were previously scheduled for today, but Avid said it needs more time to "evaluate its current and historical accounting treatment related to bug fixes, upgrades and enhancements to certain products" provided to customers.

"The company is working diligently to complete its evaluation, but is currently unable to estimate when the evaluation will be completed," Avid said in a statement. A company spokeswoman declined further comment.

Last year, Avid cut about 350 jobs and sold some product lines, then posted larger-than-expected losses in the third quarter. Earlier this month, board member Louis Hernandez took over as CEO.

The company's video editing and production software business has "slowly been eroded" by cheaper film editing products such as Apple's iMovie and Final Cut Pro, said Roger Kay, a Wayland technology analyst.

"If you're Steven Spielberg, you still need Avid, but how many Spielbergs are out there that need that," Kay said. "It's not enough to sustain a market."

After the earnings-delay announcement, Avid issued a news release noting that all of the films nominated in the Oscars' Best Editing category were cut by Avid customers.


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World's postal services struggle with lower demand

OTAKI, New Zealand — The core letter business of many postal services around the world is in precipitous decline.

While a boom in Internet shopping has helped increase parcel deliveries, data from a number of countries indicates this alone won't be enough to save them. The once-proud postal services that helped build modern society are scaling back operations, risking further declines.

The United Kingdom is preparing to wash its hands of mail deliveries entirely by selling the Royal Mail, which traces its roots back nearly 500 years to the reign of King Henry VIII.

The U.S. Postal Service sparked uproar this month when it announced plans to stop delivering letters on Saturdays. And New Zealand is considering more drastic cuts: three days of deliveries per week instead of six.


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NJ's highest court to hear 'joking judge' appeal

A judge in New Jersey is asking the state's highest court to have a sense of humor.

Attorneys for Vince A. Sicari plan to argue in front of the New Jersey Supreme Court on Tuesday that the part-time municipal court judge should be allowed to keep his other paying gig as a comedian.

Sicari is appealing a 2008 state ethics committee ruling that he can't continue working as a paid entertainer while on the bench.

Sicari, who performs under the name Vince August, said in court filings he has always kept his identity as a South Hackensack municipal court judge separate, and "there is never mention in either profession of the other."

He insists in court papers that he never even makes lawyer jokes or anything that could tarnish the profession. He claims much of his comedy is derived from non-work related personal observations, such as his upbringing as an Italian Catholic.

The Committee on Extra-Judicial Activities in 2010 reaffirmed its decision that he could not continue as a paid performer/entertainer.

Committee members said they were concerned that the "content of his comedy routine could give rise to an appearance of bias, partiality or impropriety or otherwise negatively affect the dignity of the judiciary," according to court papers.

Sicari countered that he should be able to supplement his $13,000 a year income as a part-time judge "while actively engaged in an entertainment career which provides me a substantial portion of my income."

He says he's made hundreds of stand-up comedy appearances a year, including at a New York City comedy club where he has performed since 1997, on network television, as a warm-up for Comedy Central audiences and in film. He's a member of the Screen Actors Guild and other professional performers unions.

The committee cites rules that judges may hold outside positions including gigs as musicians, as long as they don't get paid, or play at casinos, political events or in scenarios that could present a conflict of interest. They also cite a prior ruling that determined "a municipal court judge may not appear in a TV commercial for Shredded Wheat."

Sicari argues in his appeal that he takes both his entertainment and his legal job seriously.

"This issue is about a person who affects lives in many ways in two distinct identities," he said in a court filing.

___

Henry reported from Newark, N.J.


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The Ticker

Written By Unknown on Senin, 25 Februari 2013 | 18.38

Beacon Hill apts. sold

The Copley Group has purchased a pair of Beacon Hill apartment buildings for $6.8 million.

The real estate firm, headed by Norman Levenson, bought 24 Joy St., above, and 88 West Cedar St., totaling 16 units with retail, from Connecticut investor Salvatore Campofranco, according to real estate records.

The "Beacon Hill Portfolio," as one broker branded the properties, has changed hands three times in less than three years as investors make moves in Boston's hot multifamily market.

Campofranco picked them up a year ago in a package deal from Parsons Commercial Group of Framingham. Parsons bought them in separate 2011 deals, with the Joy Street building sold by Fan Pier developer Joseph Fallon and 88 West Cedar by the Acorn Trust Inc. of Boston.

L LoJack Corp. of Canton has hired Emad Isaac as chief technology officer. Prior to joining the company, Isaac served as senior vice president and chief technology officer at Rand McNally.


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Adlens tunes in with John Lennon

Music legend John Lennon is giving new meaning to the term "visionary" thanks to UK-based Adlens.

The variable-focus eyewear company, which launched its U.S. headquarters at Boston's Lewis Wharf in September, has its sights set on increasing its brand awareness nationwide with a new glasses line modeled after the former Beatle's distinctive "granny" frames.

"We're just starting, but Lennon has given (Adlens) tremendous acceleration," CEO Chairman Michael Ferrara told the Herald. "Once you can get it on someone's face, it's a wow."

At least 50,000 pairs of John Lennon Collection glasses have been sold worldwide since their December debut, Ferrara said. The company's fluid injection technology allows consumers to set their own prescriptions in seconds simply by twisting dials on the sides of the lenses.

Licensed by Lennon's widow, Yoko Ono, Adlens' round-frame glasses start at $79 a pair and come in optical, sunglasses and "Imagine" collections.

The 8-year-old company's Boston office handles sales, branding and shipping and will employ 10 workers by the end of the year, Ferrara said, adding Adlens chose the Hub as its U.S. base to better immerse itself in area technology and fashion.

"Most eyewear is made either in Italy or in Asia ... but Boston had the design element," he said. "Boston, through the jewelry business, had a tremendous infrastructure of designers and they grew into eyewear."

Adlens has 65 full-time employees, and locations in Oxford, Tokyo, Hong Kong and Malaysia. The company also offers two other round-frame eyewear products online and at select stores — Emergensee and Hemisphere glasses, which sell for $39 and $59, respectively.

A company nonprofit, Vision for a Nation, also has partnered with the Rwandan Ministry of Health to distribute glasses to more than a million people in the African country, which lacks a sufficient number of optometrists, Ferrara said.

The growing success of the Lennon collection will pave the way for Adlens' next U.S. "game changer," officials said. The company is expected to unveil a $500 to $700 progressive lens replacement by year's end that uses fluid compression technology to open up a broader view field for wearers.

"There are so many limitations in progressives. You can't read in bed, you can't watch TV in bed, your computers are a nightmare," said Sue Creek, head of training for Adlens. "This is going to be the alternative."

Even though Ferrara projected Adlens to be a
$500 million company over the next five years, he still encouraged consumers to visit an optometrist once a year for an eye exam.

"I would certainly support, and we do publicly, the fact that we want to work within the optometry community," he said. "But there are circumstances where you need a pair of glasses right away and this is amazingly close to 20-20."


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Correction: Wireless Show-Firefox Phones story

BARCELONA, Spain — In a story Feb. 24 about the launch of phones using the Firefox web browser, The Associated Press reported erroneously that 13 phone companies around the world have committed to supporting the phones. The figure is in fact 18.

A corrected version of the story is below:

Firefox phones coming this summer

Firefox phones coming this summer; yet another hopeful alternative to Apple and Google

By PETER SVENSSON

AP Technology Writer

BARCELONA, Spain (AP) — Mozilla, the non-profit foundation behind the popular Firefox Web browser, is getting into phones. But it's not stopping at Web browsers — it's launching an entire phone operating system.

The Mountain View, Calif.-based foundation said Sunday that phones running Firefox OS will appear this summer, starting in Brazil, Colombia, Hungary, Mexico, Montenegro, Poland, Serbia, Spain and Venezuela.

The Firefox OS will land in a crowded environment, where many small operating systems are trying to become the "third eco-system," alongside Apple's iOS and Google's Android. Together, those two account for 91 percent of smartphone sales, according to research firm IDC.

Mozilla Foundation has an ally in phone companies, who are interested in seeing an alternative to Apple and Google, particularly one coming from a non-profit foundation. Eighteen phone companies around the world have committed to supporting Firefox phones, Mozilla said. They include Sprint Nextel in the U.S., Telecom Italia, America Movil of Mexico and Deutsche Telekom of Germany. DT is the parent of T-Mobile USA, but plans to sell Firefox phones first in Poland. Sprint didn't say when it would release a Firefox phone in the U.S.

Phone makers that plan to make Firefox phones include Huawei and ZTE of China and LG of Korea. The first devices will be inexpensive touchscreen smartphones.

All the phones will run on chips supplied by San Diego-based Qualcomm Inc., whose CEO Paul Jacobs appeared at Mozilla's press event Sunday in Barcelona, Spain, on the eve of the world's largest cellphone trade show.

The industry has seen various attempts to launch "open" smartphone operating systems, with little success. Jay Sullivan, vice president of products at Mozilla, said these failed because they were designed "by committee," with too many constituents to please. While developing and supporting the Firefox browser, Mozilla has learned to develop large-scale "open" projects effectively, he said.

He also said that putting quality third-party applications on Firefox phones will be easy, because they're based on HTML 5, an emerging standard for Web applications.

"Firefox OS has achieved something that no device software platform has previously managed - translating an industry talking shop into a huge commitment from both carriers and hardware vendors at its commercial launch," said Tony Cripps, an analyst at research firm Ovum. "Neither Android nor Symbian — the closest benchmarks in terms of broad industry sponsorship that we've previously seen — have rallied the level of support that Firefox OS has achieved so early in its development."


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Mass. college gets $200K to teach pastors science

Mass. college gets $200K to teach pastors science

WENHAM, Mass. — A Massachusetts Christian college has received a $200,000 grant to help pastors become more scientifically literate.

The BioLogos Foundation grant will fund a project by two Gordon College biology professors to give pastors more confidence when dealing with issues where science and faith intersect.

Professor Craig Story said there's significant misinformation about science among Christians, and pastors are often conflicted on the topic. The new program aims to help pastors better discuss matters of science and faith and better evaluate such issues on their scientific merit.

The grant, distributed over three years, will fund weeklong courses at Gordon and the nearby Gordon Conwell Theological Seminary for about 20 pastors from the U.S. and Korea. The project also hopes to establish a network of pastors committed to learning more about science.


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Governors: Looming cuts threaten economic gains

Written By Unknown on Minggu, 24 Februari 2013 | 18.38

WASHINGTON — Washington's protracted budget stalemate could seriously undermine the economy and stall gains made since the recession, exasperated governors said Saturday as they tried to gauge the fallout from impending federal spending cuts.

At the annual National Governors Association meeting, both Democrat and Republican chief executives expressed pessimism that both sides could find a way to avoid the massive, automatic spending cuts set to begin March 1, pointing to the impasse as another crisis between the White House and Congress that hampers their ability to construct state spending plans and spooks local businesses from hiring.

Hawaii Gov. Neil Abercrombie, a former congressman, noted that the cuts — known in Washington-speak as "the sequester" — could lead to 19,000 workers laid off at Pearl Harbor, site of the surprise attack in 1941 that launched the United States into World War II. Today, Joint Base Pearl Harbor-Hickam supports Air Force and Navy missions.

"That will undermine our capacity for readiness at Pearl Harbor. If that doesn't symbolize for the nation ... what happens when we fail to meet our responsibilities congressionally, I don't know what does," Abercrombie said.

The budget fight came as many states say they are on the cusp of an economic comeback from the financial upheaval in 2008 and 2009. States expect their general fund revenues this year to surpass the amounts collected before the Great Recession kicked in. An estimated $693 billion in revenues is expected for the 2013 budget year, nearly a 4 percent increase over the previous year.

"It's a damn shame," said Maryland Gov. Martin O'Malley, a Democrat. "We've actually had the fastest rate of jobs recovery of any state in our region. And this really threatens to hurt a lot of families in our state and kind of flat line our job growth for the next several months."

At their weekend meetings, governors were focusing on ways to boost job development and grow their state economies, measures to restrict gun violence and implement the new health care law approved during Obama's first term.

Some Republican governors have blocked the use of Medicaid to expand health insurance coverage for millions of uninsured while others have joined Democrats in a wholesale expansion as the law allows. The Medicaid expansion aims to cover about half of the 30 million uninsured people expected to eventually gain coverage under the health care overhaul.

Yet for many governors, the budget-cut fight remains front-and-center and fuels a pervasive sense of frustration with Washington.

"My feeling is I can't help what's going on in Washington," Gov. Terry Branstad, R-Iowa, said in an interview Saturday. "I can't help the fact that there's no leadership here, and it's all politics as usual and gridlock. But I can do something about the way we do things in the state of Iowa."

Indeed, right now no issue carries the same level of urgency as the budget impasse.

Congressional leaders have indicated a willingness to let the cuts take effect and stay in place for weeks, if not much longer.

The cuts would trim $85 billion in domestic and defense spending, leading to furloughs for hundreds of thousands of workers at the Transportation Department, Defense Department and elsewhere.

Defense Secretary Leon Panetta has said the cuts would harm the readiness of U.S. fighting forces.

The looming cuts were never supposed to happen. They were intended to be a draconian fallback intended to ensure a special deficit reduction committee would come up with $1 trillion or more in savings from benefit programs. It didn't.

"We should go back and remember that sequestration was originally designed by both the administration and Congress as something so odious, so repellent, that it would force both sides to a compromise. There can't be any question, this is something that nobody wants," said Colorado Gov. John Hickenlooper, a Democrat.

Obama has stepped up efforts to tell the public about the cuts' negative impact and pressure Republicans who oppose his approach of reducing deficits through a combination of targeted savings and tax increases. House Republicans have said reduced spending needs to be the focus and have rejected the president's fresh demand to include higher taxes as part of a compromise.

Governors said they are asking the Obama administration for more flexibility to deal with some of the potential cuts.

"We're just saying that as you identify federal cuts and savings, allow the states to be able to realize those savings, too," said Oklahoma Gov. Mary Fallin, a Republican and the association's vice chairwoman.

___

Follow Steve Peoples at: http://twitter.com/sppeoples and Ken Thomas at: http://twitter.com/AP_Ken_Thomas

___

Online:

National Governors Association: http://www.nga.org


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Cyber experts: no one’s safe

Security experts warn that the recent cyberattacks on Apple and the New York Times are only the highest-profile examples of an escalating problem that threatens American businesses and undermines national security.

"A new frontier for people who are not our friends is attacking our infrastructure and disrupting our day-to-day lives and our economy," said Jay Kesan, a University of Illinois professor of law and computer engineering. "It's not traditional warfare, but it should be a matter of very high priority."

Last week, the Obama administration announced a new effort to fight the growing theft of American trade secrets after Apple's and Facebook's revelations that they had been hacked, and new evidence linking years of cyberattacks against more than 140 U.S. companies to the Chinese military. The administration's plan includes a new diplomatic push and better coordination at home to help companies protect themselves. The next meeting of NATO defense ministers will include a major focus on cybersecurity.

While the theft of online banking information and payroll credentials is among the most common types of attacks, some of the greatest threats, Kesan said, are to industrial control systems such as those of airlines, railways and utilities.

"Once you get ahold of them, you can cause a lot of havoc," he said. "The threat is real. The only way to address this is to have the public and private sectors work together."

The most costly cybercrimes are those caused by denial of service, malicious insiders and Web-based attacks, according to the Ponemon Institute, a Michigan cybersecurity think tank.

A 2012 study of 56 companies by the institute found that the average annualized cost of cybercrime was $8.9 million, a 6 percent increase from the previous year, and the companies experienced a total of 102 successful attacks per week, up 42 percent from 2011.

Some attacks involve the way companies have implemented their systems. Ian Abreu, a consultant at Core Security in Boston, gave the example of an online retailer that puts its sales database on the same server as its business analytics database.

"This created a big problem when we found a certain type of attack aimed at the e-commerce platform allowed us to access company financial records and information as well," Abreu said.

Other attacks involve "spear phishing," carefully targeted strikes on specific employees to gain access to sensitive internal communications and trade secrets, said Richard Wang, manager of SophosLabs U.S. in Burlington.

To guard against such attacks, many companies now require employees to log into their computers using not only a password, which must be changed periodically, but also some other form of identification, such as a fingerprint, said Srini Devadas, a professor of electrical engineering and computer 
science at MIT.

"It's all about armor and ammunition," he said. "You have to double-lock everything."

Devadas also recommends that companies update their operating systems and software frequently, and train employees in basic self-defense, such as knowing not to click on links without knowing where they lead.

Still, there is no fool-proof way for businesses and their employees to protect themselves, said Sven Dietrich, assistant professor of computer science at Stevens Institute of Technology in Hoboken, N.J.

"There are lots of things you can do, but in the end, software is written by humans and will always have vulnerabilities," Dietrich said. "You just have to be careful. It's dangerous out there. It's not a cozy neighborhood."


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Replacing rotors is standard maintenance these days

The past six GMC vehicles I've owned were low-mileage, used vehicles. The first major problem is always brake rotors and pads. I fight tooth and nail with the dealership to have something done.

I noticed that your reply to the lady buying a used, low-mileage vehicle included: "The vehicle may need routine tire and brake replacement." Tire replacement is a given and a no-brainer. What is your meaning as to routine brake replacement and especially the rotors? Brake pads I understand, and I treat them as I would tires.

I would like someone to tell me what to do to make this situation less costly. Just like clockwork, I can expect in the next year or so to have to pay out $800 to $900 to have all four rotors replaced on my vehicle, which has less than 38,000 miles. How can I avoid this?

I've always considered brake rotors — like brake pads — as "consumable" components. Granted, back in the day rotors seemed to last longer, but today's motor vehicles no longer use asbestos and feature more aggressive metallic and ceramic friction materials that operate at higher temperatures and generate measurable wear on brake rotors. The benefit is better stopping power and fade resistance. The price is more wear on the rotors.

I'm also not a big fan of turning brake rotors. Today's rotors are already close to their minimum thickness when new. By thinning the rotors, their ability to dissipate heat is reduced. causing more rapid wear and distortion. It is possible to "true" a slightly warped rotor, but once significantly worn, warped or out-of-round, it's time for replacement. You certainly can shop brake work among dealers and independents, and aftermarket brake rotors are often significantly less expensive.

I think it's time for you to accept the fact that replacing brake rotors once or twice during the life of a modern motor vehicle is relatively normal and routine.

I have a 2005 Mercury Mariner with 135,000 miles on it. I've been told by a dealer that it needs brakes. The steering wheel does shake at high speeds when applying the brakes, but my vehicle info center says the brakes are OK. I've also been told major parts in the front end also need replacing for $700 to $800.

The shake when applying the brakes is typically caused by a problem with the front brake rotors. They are either worn, warped or out of round. When you apply the brake pedal, the uneven surface of the rotor kicks the brake pads back, causing the master cylinder to pulse the brake pedal. The dealer or shop should be able to show you the wear, run-out or out-of-round with a dial indicator. Specifications for warping or run-out is 0.0005 inches and thickness variation is 0.0002 inches.

The vehicle information center will tell you only when the brake pads are worn, not when the rotors are warped. So, your vehicle does need brakes. At this mileage, I would replace both front rotors and brake pads as well as check the rear brakes.

I have a 1991 Mercury Colony Park station wagon with slightly more than 100,000 miles. It's a beautiful car with an unusual quirk. The car starts and runs perfectly, but when it is warmed up and I shift into park, the car immediately dies. It will start right back up with a turn of the key, idle and run just fine. Any thoughts would be most appreciated.

Contamination in the idle air bypass valve might be causing this stalling. I'd start by cleaning the throttle body and idle air bypass valve with an aerosol carburetor spray as outlined by Ford in technical service bulletin 91257 from December 1991. Also, make sure ignition base timing is correct and that the oxygen sensor is responding quickly enough to ensure correct fuel-air mixtures.

Paul Brand, author of "How to Repair Your Car," is an automotive troubleshooter, driving instructor and former race-car driver. Readers may write to him at Star Tribune, 425 Portland Ave. S., Minneapolis, MN 55488 or via email at paulbrand@startribune.com. Leave a daytime phone number.


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Cbay will sell your stuff online

About to ditch something that's worth more than $100 because you don't have the time or know-how to sell it? Hold on, because a budding Cohasset entrepreneur will sell it for you — and give a portion of the proceeds to a good cause.

Mike Filbey is the 21-year-old founder and CEO of Cbay, which lists clients' goods on Craigslist and Cbayonline. Sixty percent of the proceeds go to the client, 20 percent to Cbay and 20 percent to Wellspring, a Hull charity.

"The big value we offer is we save people time," said Filbey, a University of Wisconsin-Madison junior who started his sales career at the tender age of 10 by listing his discarded Beanie Babies and Pokemon cards on Amazon.com. "We do all the work for them."

Filbey's Bay State volunteer, Tim Smith, photographs each item, and then Cbay researches its market value, lists it online and coordinates a time for the client and buyer to meet. If there is no sale, there is no charge.

It's a formula that appears to be working, with more than $32,000 in sales logged since 2011, when Filbey founded Cbay. The "C" stands for cash, charity and college.

And although the name is only a letter away from online auction giant eBay, he says legally it's not a concern because its domain name, Cbayonline, is clearly different.

About 18 months ago, Katie Daly of Hingham turned to the company because she had a gazebo she wanted to sell but had qualms about selling it online.

"You don't know who to trust in this world," said Daly, 42, "but Michael came over to our house, and my husband and I were blown away. He's just a lovely kid."

After the gazebo fetched about $900, she turned to Cbay to sell other items and began referring friends to the company.

Brendan Brady of Plymouth was combing Craigslist for a swingset for his daughter a few weeks ago when he found one posted by Cbay for $600.

"Anybody can sell on Craigslist," said Brady, 32, "but I think (Cbay) gives exposure to a higher-quality item because some of the money is going to a good cause."

So far, Wellspring has received more than $7,200 from Cbay sales, money it has used for its food pantry and GED and fuel assistance programs, said Lisa Cronin, its part-time operations manager.

"We have limited resources as far as fundraising goes," Cronin said. "So to have a donation like that come in is fantastic."


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