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New chapel set to rise up in Seaport

Written By Unknown on Sabtu, 08 November 2014 | 18.39

Construction will start this month on Our Lady of Good Voyage in the South Boston Seaport District — a new chapel to replace the original built by the Archdiocese of Boston in 1952 to serve seamen and other waterfront workers.

Seaport Square developers Boston Global Investors and Morgan Stanley will break ground on the new one-story chapel Nov. 21 at 51 Seaport Boulevard, near the intersection of Sleeper Street on what's now a parking lot. The new chapel, at the foot of the Evelyn Moakley Bridge, will be fronted by a public square.

The existing one-story, red brick chapel on Northern Avenue — dwarfed in an area with new and under-construction high-rises — will be demolished.

Boston Global Investors and Morgan Stanley struck a deal with the Archdiocese of Boston for the new church to make way for an office tower as part of the $3.5 billion, 23-acre, mixed-use Seaport Square project.

Built as a "worker chapel" on land donated by a New Haven Railroad president, the chapel often is referred to as the "Fish Pier chapel."

It's part of South Boston's St. Vincent de Paul parish. The chapel is included in the Massachusetts Historical Commission's inventory of historic and archaeological assets, but not listed on state or national registers of historic places.

The new one-story church, which will sit on a 5,000-square-foot lot, is slated to be finished by Christmas 2015. When completed, Boston Global Investors and Morgan Stanley will sell it to the Archdiocese of Boston for a nominal fee.


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Contemporary offers space, style

This custom-built contemporary in Georgetown is shaped like a barn — with an attached silo — and has a huge garage ideal for car collectors.

The three-bedroom home at 282 Andover St., built in 2003, sits on almost two acres of land behind the 10th hole of the Black Swan Country Club golf course.

This unique 4,660-square-foot home, with a green metal roof, light-colored vinyl siding and an attached silo that holds the kitchen, a billiards/game room and an elevator, is on the market for $850,000.

Its ground level has a 2,300-square-foot garage with four overhead access doors that has room for nine vehicles. It may not be for everyone, but if you like buying and fixing up cars, the garage gives you ample space to restore and to store them — and a bathroom with a shower stall to clean up.

Most of the living space is on the second level, which has radiant heated floors, central vacuum and handicapped accessibility fixtures and handles as well as an elevator. Almost all rooms on this level, including the great room, kitchen and master bedroom, open out onto a multi-tiered outdoor deck with great views of the golf course.

The showpiece space on the second level is a great room with oak floors, a wall of side windows and 30-foot vaulted ceilings. This space serves as an open living/dining/family room with a full-wall media center built-in at one end and a dining area with a gas fireplace at the other. There's also a wood-topped wet bar with a sink.

Behind the great room, in the five-sided silo bumpout, sits the home's expansive kitchen with custom wood cabinets, commercial grade appliances including an oversized Sub-Zero refrigerator, two dishwashers and two ovens. There are four windows, track lighting, a ceramic tile floor with patterned wood inlays, and a large dark granite-topped pendant-lit island with a six-burner gas cooktop that can seat at least a half dozen diners.

Also on this floor is the home's expansive master bedroom suite, with Pergo floors, a wrought-iron chandelier, a gas fireplace, a walk-in closet and a large three-part Palladian window. The en-suite bathroom features dual pedestal sinks, a custom built-in linen cabinet, a whirlpool tub plus a large beige marble walk-in shower.

There's a second bedroom on this level with its own ceramic tile bathroom, as well as a pocket-doored home office/study with dentil crown molding, two built-in desks and a built-in bookcase/cabinet. A laundry room holds a side-by-side washer, storage cabinets and dryer and a sink.

Off the third-floor landing above the great room sits a vaulted-ceiling loft bedroom as well as a full and a half bathroom. In the silo bumpout sits a custom billiards/gaming room (table included) with wood-paneled wainscoting and Pergo floors. The game room also has sliding doors out to a third-floor deck.

The large driveway with a circular stone planter in the center can hold an additional 20 vehicles.

Home Showcase

• Address: 292 Andover St., Georgetown
• Bedrooms: Three
• Bathrooms: Four full, two half
• List price: $850,000
• Square feet: 4,660
• Price per square foot: $182
• Annual taxes: $11,167
• Location: A mile to Georgetown Shopping Center including 
a Crosby's supermarket
• Built in: 2003
• Broker: Gail Tyrrell of ReMax Advantage Real Estate at 781-760-0670

Pros:

  • Open living dining/family great room with 30-foot vaulted ceilings, wall of windows
  • Large kitchen with custom cabinetry, large island and commercial grade appliances
  • Master bedroom suite with three-part Palladian window, large marble walk-in shower
  • Multi-tiered wide deck with views of golf course

Cons:

  •  Huge garage with multiple overhead doors may not fit with potential buyer's lifestyle

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Volvo V60 no ordinary wagon

A brilliant red paint job on my Volvo tester dismissed any notion that the V60 was an ordinary wagon.

This, of course, was validated by a turbocharged, 6-cylinder engine that yielded 325 horsepower. Our test model, which topped out at just under $50,000, had Volvo's R-Design trim package that gave the wagon a sporty edge with an upmarket interior.

Low-profile summer tires mounted on 19-inch wheels combined with shallow ground clearance and sport-tuned suspension gave the V60 impressive handling. While the blend made the wagon exhilarating to drive, the downside was a harsh ride, especially in the city and over bridge expansion joints on the highway.

A silky, six-speed automatic transmission produced brisk acceleration. Aluminum paddle shifters, tucked behind the steering wheel, were ready at the finger- tips to wind out those gears. All-wheel-drive certainly makes the V60 an attractive choice for the New England driver, but a second set of all-weather tires is a must. My V60 tester did 19 miles per gallon in the city and 28 on the highway in fuel economy.

An understated interior, finished in flat black, blended comfort and luxury. Brushed aluminum highlights on the leather-wrapped steering wheel, center console and doors broke up the darkness. Leather seats were supportive and fatigue-reducing.

Volvo's climate package takes heated components to another level.

In addition to heated front and rear seats, the V60 had a heated steering wheel, windshield, windshield nozzles, and mirrors.

Rear seating was decent, but lacked footroom with two adults in the front. Three children across the back was a squeeze. While our tester had an opening over the cockpit, a panoramic moonroof would help to brighten the backseat environment and provide better light for the deep, rear storage compartment.

Volvo includes an abundance of safety and security features as standard equipment on the V60's base model. Our tester also had a $900 exterior sensor technology package that included blind spot warning, cross traffic alert, lane change merge, and parking assist.

Volvo also offers a smartphone app that not only provides a remote starter, but also provides access to the V60's dashboard to check fuel levels and maintenance warnings, and provides a journal of where the wagon has been. I liked the fact that I could tap my iPhone to confirm if the doors where locked before I went to bed.

I looked forward to every opportunity to get behind the wheel of the V60 as the combination of modest power and sharp handling made the wagon entertaining to drive. An entry level V60 starts at just under $36,000 and Volvo offers 4- and 5-cylinder engine options.

I recommend taking a close look at the sport wagon segment to anyone considering a compact SUV. Other wagons to consider are the Audi Allroad, Subaru Outback, or the Volkswagen Jetta. The Volvo V60 is a sports car disguised as a wagon.


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China trade growth decelerates

BEIJING — China's trade growth decelerated in October but still was relatively robust as Chinese leaders try to reverse a deepening economic slowdown.

Exports rose 11.6 percent to $206.9 billion, down from September's 18-month high of 15.3 percent growth, trade data showed Saturday. Imports rose 4.6 percent to $161.5 billion, below forecasts.

Weaker trade represents a new source of possible risk after economic growth slipped to a five-year low of 7.3 percent in the quarter ending in September.

In an apparent effort to shore up growth, Chinese leaders have approved tens of billions of dollars of spending in recent weeks on building new railway lines and airports.

The Communist Party leadership is trying to nurture growth based on domestic consumption and reduce reliance on trade and investment. But trade-driven manufacturing employs millions of Chinese, and the government's reform plans depend on preserving those jobs.


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Good things come in small packages at North Point

Written By Unknown on Jumat, 07 November 2014 | 18.38

A new AvalonBay Communities' apartment complex features micro-unit and larger studios carved out of a former hot dog factory in East Cambridge, with access to first-class amenities at its luxury rental tower across the street.

The Avalon North Point Lofts have 103 units in the six-story former Maple Leaf Franks building. AvalonBay purchased the rights to redevelop the building as part of a deal with Archstone to buy the adjacent North Point luxury apartment complex with 426 units that was built in 2008.

The lofts are a different type of apartment for Avalon­Bay, whose local portfolio includes traditional luxury apartments and its tech-­focused AVA brand geared to millennials.

"We did a complete gut rehab of the factory and added a lot more windows to make unique loft spaces," said Michael Roberts, vice president for development at AvalonBay. "The rents are also lower than our luxury or AVA apartments."

The loft rents, which range between $1,850 and $2,400, include free use of Avalon North Point's extensive amenities, including an indoor pool, gym, yoga and massage studio, hospitality room with kitchen and movie theater. Parking at the garage runs an extra $175 a month.

"People like the price point and efficient use of space, and we're getting a mix of grad students and professionals who work nearby," said property manager Sarita Gonzales, who said that 57 percent of the lofts have been rented after just a few months on the market.

Ranging in size from 329 square feet to 700 square feet, some studios have separate living and sleeping areas, while others are open-plan lofts. The apartments have ceilings over 11 feet high, and most have floor-to-ceiling windows.

The LEED Silver building emphasizes its factory origins, with polished concrete floors, large columns and exposed ductwork.

We took a look at two model units. Unit 105, a 450-square-foot micro studio with separate living and sleeping areas that's renting for $1,900, makes efficient use of space with a kitchen area with white quartz counters, about a half-dozen cabinets, a G.E. refrigerator and an electric cooktop with a microwave above. The adjacent living room is divided from a sleeping area by a three-quarter wall. There's a full bathroom with ceramic tile shower as well as an in-unit washer and dryer.

Unit 103, a 379-square-foot corner micro-unit, has a full kitchen with quartz counters, and an open plan living and sleeping area for $1,850 a month.

AvalonBay also is planning a six-story 300-unit apartment building in the NorthPoint neighborhood scheduled to break ground next year.

"We think NorthPoint has its momentum back," said Roberts. "There's still a lot of pent-up apartment demand and the long-term prospects for this area are good."


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The Ticker

Aereo to close Southie office, lay off 43

Streaming Internet television startup Aereo will close its South Boston office and lay off 43 employees to cut costs after a series of losses in court.

Aereo said it will close its Hub engineering office next Wednesday, but will not shut down completely.

In a letter to employees, CEO Chet Kanojia said the company had been pursuing acquisitions and additional investment, but potential investors balked after a federal court in New York last month said Aereo did not qualify for a cable license.

Aereo attracted the ire of every major broadcaster for retransmitting over-the-air channels to customers' computers or mobile devices for a monthly fee. The Supreme Court ruled against Aereo over the summer.

3 arrested in Hub co. securities fraud

The Securities and Exchange Commission yesterday charged an attorney in Orange County, Calif., and two men in Massachusetts behind a pump-and-dump scheme that defrauded investors in a Boston-based ticket brokering business.

The SEC alleges Richard Weed, a partner in a Newport Beach law practice, facilitated a scheme to pump and dump the stock of CitySide Tickets Inc., which he helped structure into a publicly traded company through reverse mergers. Weed created backdated promissory notes and authored false legal opinion letters that enabled Boston stock promoters Thomas Brazil and Coleman Flaherty to obtain millions of purportedly unrestricted shares of stock in the company, the SEC said. Investors were then allegedly blitzed with a false and misleading promotional campaign touting CitySide Tickets.

Dow, S&P hit new record highs

U.S. stocks edged up in a volatile session yesterday, with the Dow and S&P 500 hitting fresh record closing highs on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.

The Dow Jones industrial average rose 69.94 points, or 0.4 percent, to 17,554.47, the S&P 500 gained 7.64 points, or 0.38 percent, to 2,031.21 and the Nasdaq Composite added 17.75 points, or 0.38 percent, to 4,638.47.

Today

  • Labor Department releases employment data for October.
  • Mark Diodati, left, a certified public accountant, has been promoted to partner at Damon & Associates Inc., a Pembroke-based accounting and tax firm. For five years previous, Diodati was an associate at the firm and served as the audit manager, responsible for managing projects, the budget and the accounting staff.

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Foxwoods sees new mall as competition for visitors

MASHANTUCKET, Conn. — Foxwoods Resort Casino says the mall it's building will ratchet up the competition for gamblers and shoppers being lured by Massachusetts.

Rodney Butler, chairman of the Mashantucket Pequot Tribal Council that runs Foxwoods in eastern Connecticut, said the $120 million Tanger Outlets will set Foxwoods apart. He says casinos planned in Massachusetts will be "spectacular," but will not offer shopping.

Mashantucket and Foxwoods officials offered a tour of the mall construction site Thursday. They estimate the outlet center will draw 3 million to 4 million more people a year.

The opening is set for May 21, 2015.

Stores will include Nike, American Eagle Outfitters, Ann Taylor Factory Store, Banana Republic Factory Store and several others.

Massachusetts awarded the first resort casino licenses Thursday to Wynn Resorts in Everett and MGM Resorts International in Springfield.


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Aereo lays off staff in Boston, New York

Aereo, which put its service on hold after it lost a Supreme Court ruling in June, is laying off a majority of its staff, including employees in New York and Boston, although the company says that it is continuing to "chart our path forward."

Several media outlets reported that the company informed employees in Boston that it was closing its office there and laying off 43 employees as of Nov. 12.

Virginia Lam, a spokeswoman for the company, said that "in an effort to reduce costs, we made the difficult decision to lay off some of our staff in Boston and New York. We are continuing to conserve resources while we chart our path forward. We are grateful to our employees for their loyalty, hard work and dedication. This was a difficult, but necessary step in order to preserve the company."

A small executive team of about a dozen people will remain.

The Supreme Court ruled in June that Aereo's service -- which offered digital broadcast streams to subscribers via dime-sized antennas -- violated the Copyright Act. The company has so far been unsuccessful in pursuing another approach in the courts, that because it resembles a cable service it should be entitled to transmit broadcast programming.

The FCC, meanwhile, is mulling a proposal in which Internet TV providers, including Aereo, would receive the same classification as a cable or satellite company, something that would give over-the-top services access to broadcast channels. But it is likely that Aereo would still have to pay restransmission fees to local stations.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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Repeal dead, Walsh ready to deal with Wynn Resorts

Written By Unknown on Kamis, 06 November 2014 | 18.38

With casinos now here to stay, Mayor Martin J. Walsh said he is ready to talk turkey with Wynn Resorts on improvements to Boston roadways leading to its $1.6 billion gambling palace just over the city line in Everett.

"We have a lot of outstanding questions that we have to figure out when it comes to traffic, and I think they have their own questions with the land over there and some of the environmental issues around the land," Walsh said yesterday. "As far as Boston goes, I'm going to talk about Sullivan Square, Rutherford Ave., benefits for the people of Charlestown. The people of Charlestown are going to be the most impacted by this casino, so I'm going to go back to work now and see what I can do."

All seven of Charlestown's precincts voted to repeal expanded gaming Tuesday, the only neighborhood in the city to skew so anti-casino. Statewide, the ballot question failed by a 60-to-40 margin.

Walsh had his first face-to-face meeting with Vegas gaming titan Steve Wynn two weeks ago in a low-key affair at the Parkman House, which the mayor described as "mostly small talk" because the repeal vote was in the offing.

"We really didn't get into much of a conversation about the benefits, although he said, 'You can work with me, I'm a person you can work with,'" Walsh said. "So I take him at his word, and I look forward to seeing if we can hammer out some type of agreements here for the city of Boston."

Wynn's project, which will receive its formal license award today from the state Gaming Commission, is expected to generate 31,000 new vehicle trips on an average day. Wynn executives expressed confidence that tensions with Walsh and any other permitting and legal hurdles will be smoothed over.

"Anything that comes along I think can be dealt with," said Robert DeSalvio, president of Wynn Mass LLC.

Wynn needs permits from Boston for road alterations, and pledged to submit Sullivan Square fixes to the city's Public Improvements Commission within 90 days after the referendum.


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Governments push for more Facebook data

Government requests for Facebook data jumped sharply in the first half of this year, according to the social media giant — the second company in recent months to say such inquiries have increased.

Requests for data from Facebook rose 24 percent, to 34,946 between January and June, compared to the last six months of last year, according to the company. The U.S. government was responsible for a little less than half those requests.

"We continue to work with our industry and civil society partners to push governments for additional transparency and to reform surveillance practices necessary to rebuild people's trust in the Internet," Facebook deputy general counsel Chris Sonderby said in a statement.

Facebook gave data to governments in roughly 80 percent of the requests.

Sonderby said Facebook is fighting back against the requests when possible, including a request for "nearly all data from the accounts of nearly 400 people" that will be heard later this year by a New York appeals court. Sonderby called the request "unprecedented."

"We scrutinize every government request we receive for legal sufficiency under our terms and the strict letter of the law, and push back hard when we find deficiencies or are served with overly broad requests," Sonderby said.

In September, Google said government requests for data had increased 15 percent in the first half of this year.

Facebook began re­leasing transparency reports in June 2013, after details of the National Security Agency's secret Internet surveillance program, Prism, emerged.


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The Ticker

Feds shut down 
Maine shrimp season

Federal regulators shut down the commercial fishing season for northern shrimp in the Gulf of Maine for a second straight year yesterday, citing concerns about the declining population and warmer ocean temperatures.

The Atlantic States Marine Fisheries Commission's Northern Shrimp Section voted to cancel the up­coming season, a year after the section closed this year's season for the first time in more than 30 years.

The "depleted condition of the resource and poor prospects for the near future" warrant another closure, the committee reported, adding that "long term trends in environmental conditions" for the little pink shrimp are unfavorable. The amount of the shrimp's population that can be fished is at an all-time low, regulators said.

Wanderu raises $5.6 million

Boston startup Wanderu has raised $5.6 million in venture financing, the company announced yesterday.

Wanderu has created a way to find the cheapest bus tickets — similar to Orbitz or Kayak — in one place. The company said it will use the money to continue its expansion around the country.

The round of funding was led by Metamorphic Ventures and included Craig Lentzsch, former Greyhound CEO.

Celtics, Sun Life team up for diabetes

The Boston Celtics and Sun Life Financial are teaming up to promote diabetes prevention.

Sun Life will donate $1,000 to the YMCA dia­betes prevention program for every dunk by the Celtics this month. The company will also donate $1 for every tweet that uses the hashtag #SunLifeDunkFor Diabetes.­

TODAY

  • Labor Department releases third-quarter productivity data, weekly jobless claims.
  • Selected chain retailers release October sales.

TOMORROW

  • Labor Department releases employment data for October.
  • ROI Corp., a leading business brokerage firm in the Greater Boston area, announced the appointment of Julia Rayberg of Rockland as senior marketing associate. She will coordinate the growing firm's internal and external marketing efforts.
  • BIND Therapeutics Inc., a clinical-stage nanomedicine platform company developing targeted and programmable therapeutics called Accurins, announced the appointment of Hagop Youssoufian, M.Sc., M.D., as chief medical officer. Youssoufian will be responsible for overseeing the clinical development and operations of BIND's internal pipeline.

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City ramps up housing inspections

Boston's Inspectional Services Department is finding chronic code violations as its inspectors begin to fan out to rental units across the city to enforce an ordinance — given new teeth last year — that will prompt 90,000 apartment inspections over the next five years.

Since beginning the inspections in early October, ISD has hit 43 units and found chronic issues that need addressing, such as water stains, rodents and unsanitary kitchen equipment including sinks and ovens, said Dave Rini, assistant director of rental housing inspections, who was hired to coordinate enforcement of the rental ordinance. Citations aren't yet being written under a grace period that gives landlords 30 days to correct problems.

"We're finding in general that a good number of the properties are not passing their initial inspections," Rini said, "but the program is set up to allow landlords to correct any violations."

The City Council and former Mayor Thomas M. Menino strengthened a decades-old rental housing inspection ordinance last year. It now compels landlords to report how many units they own and where to the ISD, which creates a data­base to ensure they are inspected on a five-year cycle. Previously, the ordinance called on landlords to report to the city when units turned over, which was hardly ever happening, ISD said.

"We're really trying to stay on top of it and make this a standard part of ISD's responsibilities," ISD Commissioner William "Buddy" Christopher said. "It lets us be very proactive if we see deteriorating conditions or deferred maintenance that is not taking place the way it should be."

This year, ISD is focusing on units with a recent history of code violations and a high number of housing court cases, as well as foreclosed properties.

Mayor Martin J. Walsh said his administration "is committed to continuously improving our efforts to educate owners and tenants alike about their rights and responsibilities, and these inspection requirements will protect tenants and promote safe housing."


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Boston Globe near sale of HQ to Concord co.

Written By Unknown on Rabu, 05 November 2014 | 18.38

The Boston Globe is close to reaching an agreement to sell its Morrissey Boulevard headquarters to a Concord commercial real estate firm, the newspaper said.

CEO Mike Sheehan said the Globe is in the process of completing a purchase-and-sale agreement with Winstanley Enterprises, which has plans for mixed uses on the 16.5-acre site in Dorchester.

"We had a number of bids. We pared it down to three," Sheehan said. "We should have a (purchase and sale agreement) in a couple of weeks."

Winstanley currently owns and operates 43 buildings totaling about 5.5 million square feet throughout New England, according to its website.

The Globe had hired commercial real estate firm Colliers International to identify potential buyers. Sheehan declined to say how much the property will be sold for, but real estate experts have estimated it could be worth as much as 
$75 million.

Sheehan said the three offers were chosen as finalists in part because of price, but also because of what the bidders planned to do with the property.

"If I lived in this neighborhood, that's exactly what I'd want here," Sheehan said.

In a memo to employees, Sheehan said the Globe is likely to move out of its 815,000-square-foot headquarters at the end of 2016 or the beginning of 2017.


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New school music to charter’s ears

A music-oriented Boston charter school stands to be part of Roxbury's revival after signing a purchase-and-sale agreement for land to build a permanent facility about a quarter-mile from Dudley Square.

The 16-year-old Conservatory Lab Charter School plans to consolidate two temporary Brighton and Dorchester locations into a new school for about 450 pre-kindergarten through eighth-grade students. The land is part of the planned $140 million mixed-use Bartlett Place development.

"We're very excited to be where we are right now in terms of the process," Head of School Diana Lam said. "Most of our students come from Roxbury and the surrounding area, and we feel that also it is right at the center of the city."

The Conservatory Lab is "music-infused," with a focus on project-based learning and daily music instruction. All students play an instrument, and the school has 10 orchestras.

Plans call for a 70,000- to 72,000-square-foot school.

"We are engaged in trying to get the money together," Lam said. "The building may cost anywhere from $30 (million) to $35 million, but we don't need to raise all of that because we will have a stream of revenue."

The school receives tuition-reimbursement funds from the state to the tune of about 
$5.8 million this year.

The 1.6-acre building site is in the former 8.5-acre MBTA Bartlett bus yard bought in 2010 by Nuestra Comunidad Development Corp. and Dorchester's Windale Developers. Their Bartlett Place plans include 323 mixed-income apartments and owner-occupied homes, 55,000 square feet of retail and commercial space — including a 12,000-square-foot Harvest Co-op Market — in addition to the school.

"We have three buildings that could go into construction next year, which is exciting for Roxbury," said David Price, Nuestra Comunidad's executive director. The charter school could be the first, because it needs to open by mid-2016, he added.

The school would be open to the community at night and weekends for classes, workshops and music lessons.

"We're very excited to expand the services that we can provide to community members in Roxbury and to students that may not attend our school, but who live in Roxbury," Lam said.


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Report: State foreclosures spike again

The number of foreclosure petitions in Massachusetts grew for the seventh straight month in September, but one expert says the numbers are not an accurate reflection of what is happening in the housing industry right now.

Foreclosure petitions rose 68 percent from September 2013, while foreclosure deeds — finalized foreclosures — rose 5 percent from a year before, according to a report from The Warren Group. Petitions rose to 734 across the state and deeds rose to 294.

The spike is not concerning, said Cassidy Murphy, editorial director of The Warren Group.

"Most of what is happening right now is people clearing out their backlogs of what they didn't do," Murphy said. "It's not much to write home about."

The increase is because of an artificially suppressed foreclosure market last year while lenders waited for new legislation to be passed.

"(Lenders) were waiting to hear what they needed to do," Murphy said. "We were not seeing them do (foreclosures) at a normal rate."

Murphy said even the inflated number of foreclosure deeds pales in comparison to the height of the housing crash.

"There were thousands of foreclosures a month, now we're down to a couple hundred," she said.

She said the backlog of foreclosures that has been building up while lenders wait for legislative guidance may not be cleared until late next year.

"Things will be bouncing around a little bit," she said.


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CVS earnings soar on sales of specialty drugs

CVS Health Corp.'s third-quarter earnings exceeded Wall Street expectations, as growing sales of specialty drugs helped offset the loss of tobacco products, which the company stopped selling in September.

The nation's second-
largest drugstore chain's net income fell to $948 million, or 81 cents per share, from
$1.25 billion, or $1.02 per share a year earlier.

Adjusted to extinguish debt and for amortization costs, earnings were $1.15 per share, topping the $1.14 per share that was the average estimate of analysts surveyed by Zacks Investment Research. Revenue also surpassed expectations, rising to $35.02 billion, compared to the $34.65 billion analysts had forecast, according to Zacks.

Revenue from the Woonsocket, R.I.-based company's pharmacy benefits management, or PBM, side increased 16 percent, and operating profit from that segment grew 7.3 percent, helped by new business and the growth of expensive specialty drugs for complex chronic health conditions.

"PBM revenue growth and profitability were above our estimates, boosted by net new business and growth in specialty pharmacy, including ... contributions from Specialty Connect," a new program that allows CVS customers with these prescriptions to either pick them up or get them through the mail, according to Meredith Adler, a Barclays Capital analyst.

CVS said revenue from its retail pharmacy business increased 3 percent, but the loss of tobacco sales hurt earnings by 3 cents per share. The full-year impact of missing tobacco products will reduce earnings by 7 to 8 cents per share, the company said.

"As expected, the tobacco exit negatively impacted," Peter Costa, a Wells Fargo Securities analyst, said in a note. "We expect this impact may nearly double in Q4."

Herald wire services contributed to this report.


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The Ticker

Written By Unknown on Selasa, 04 November 2014 | 18.39

French co. buys Hub's Sapient Corp. for $3.7B

Publicis, the world's third-largest advertising agency, is to buy Boston-based digital ad specialist Sapient for $3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year.

Sapient CEO and co-chairman Alan Herrick would join Publicis as CEO of Publicis' new Publicis.Sapient group, which will include Boston's DigitasLBi and three existing Sapient's divisions: SapientNitro, Sapient Global Markets and Sapient Government Services. Publicis' Razorfish Global and Rosetta businesses would also be part of Publicis.Sapient.

The addition of Sapient — which counts 13,000 employees across 37 global locations — will take Publicis to combined annual revenues of more than $10 billion and over 75,000 employees worldwide.

Mass. gas prices drop another nickel

The price of a gallon of gasoline in Massachusetts is continuing a downward trend.

AAA Southern New England reported yesterday that self-serve, regular has dropped to an average of $3.04 per gallon, which is 6 cents more than the national average.

In-state prices are have now fallen 28 cents per gallon in the past month and are 26 cents lower than at the same time a year ago.

AAA found self-serve regular selling for as low as $2.88 per gallon and as high as $3.43.

Hyundai, Kia to pay $100M fine

South Korean automakers Hyundai and Kia will pay a $100 million fine, the largest in Clean Air Act history, for inflating the fuel economy ratings of their vehicles, the Environmental Protection Agency said yesterday.

The agreement stemmed from an investigation by the EPA and the Department of Justice into Clean Air Act violations based on the sale of about 1.2 million vehicles with overstated ratings by the two automakers. The inflated fuel economy ratings also resulted in the emission of approximately 4.75 million metric tons of greenhouse gases in excess of what the automakers certified to the EPA.

Today

  • Commerce Department releases international trade data for September.
  • Commerce Department releases factory orders for September.

TOMORROW

  • Institute for Supply Management releases its service sector index for October.

L Boston Harbor Cruises has announced the hire of Matthew Murphy, left, as managing director, business development.

Murphy has more than 20 years of experience in the tourism industry including the past 13 years as general manager of Old Town Trolley Tours of Boston.


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White House: Ferguson no-fly didn't restrict press

WASHINGTON — The White House said Monday a no-fly zone the U.S. government imposed over Ferguson, Missouri, for nearly two weeks in August should not have restricted helicopters for news organizations that wanted to operate in the area to cover violent protests there.

Audio recordings obtained by The Associated Press showed the Federal Aviation Administration working with local authorities to define a 37-square-mile flight restriction so that only police helicopters and commercial flights could fly through the area, following demonstrations over the shooting death of 18-year-old Michael Brown.

The Obama administration's defense of its actions centered on a provision of obscure federal regulations intended to allow press flights as long as they meet certain conditions. White House spokesman Josh Earnest sidestepped questions about conversations on the tapes showing police working with the FAA to keep media away.

"In this case, what the FAA says is that they took the prudent step of implementing the temporary flight restriction in the immediate aftermath of reports of shots fired at a police helicopter, but within 12 to 14 hours, that flight restriction was updated in a way to remove restrictions for reporters who were seeking to operate in the area," Earnest said.

In Missouri, St. Louis County Police Chief Jon Belmar defended his department's involvement Monday, telling reporters that "at no time did we request that only media be kept out of the airspace." The chief said the safety restrictions were prompted by reports of gunfire and that conversations on the tapes were "out of context." He did not elaborate.

On the tapes, an FAA manager is heard assuring a St. Louis County Police Department official that the updated restrictions would allow planes to land at nearby Lambert-St. Louis International Airport but, "It will still keep news people out. ... The only way people will get in there is if they give them permission in there anyway so ... it still keeps all of them out."

"Yeah," replied a county police captain. "I have no problem with that whatsoever."

The disclosures about the secret motivations by local police to keep press flights away emerged during a sensitive time in Ferguson, which is awaiting a decision by a grand jury whether a city police officer, Darren Wilson, will face criminal charges for fatally shooting Brown on Aug. 9. Violence flared for weeks across the city through September, and the FAA put the first temporary flight restrictions, known as TFRs, in place on Aug. 11.

The police chief said the FAA contacted police first about restricting flights. The audio recordings between the department and the FAA indicated it was the police who wanted the restrictions — and that FAA officials accommodated them.

"Were you the gentleman I spoke to that actually issued the TFR?" the FAA manager asked. "Yes," the police captain replied.

Elsewhere in the tapes, one FAA manager talks to another about renegotiating with police over the size of the restricted area and persuading authorities to accept one with a lower altitude than they initially wanted.

Attorney General Eric Holder said Monday the Justice Department was not involved in the FAA considerations and said the American public needs to understand what is happening in Ferguson.

"Anything that would artificially inhibit the ability of newsgatherers to do what they do is something I think needs to be avoided," Holder said Monday.

A spokesman for Sen. Claire McCaskill, D-Mo., said the FAA should impose flight restrictions "for one reason and one reason only: public safety." Her office will follow up with the FAA "to ensure that was the basis on which these restrictions were imposed," said the spokesman, John LaBombard.

At the White House, Earnest stressed that under FAA rules the no-fly zone as it was re-designated after Aug. 12 would have exempted press flights as long as pilots had filed flight plans and carried accredited reporters on board.

"The updated flight restriction didn't have any impact on media access."

But the administration's statement about what it believes should have happened under the no-fly rules is inconsistent with what actually happened during the period. None of the St. Louis television stations was advised that media helicopters could enter the airspace even under the lesser restrictions, even under federal rules that would have permitted flights "carrying properly accredited news representatives." The FAA's no-fly notice indicated the area was closed to all aircraft except police and planes coming to and from the airport.

"Only relief aircraft operations under direction of St. Louis County Police Department are authorized in the airspace," it said. "Aircraft landing and departing St. Louis Lambert Airport are exempt."

The Obama administration has said it was unaware of any news organization's complaining about the restrictions.

"To the best of our knowledge, during the 11-day period flight restrictions of varying levels were in place, no media outlets objected to any of the restrictions," FAA Administrator Michael P. Huerta said in a statement.

Yet news organizations have broadly protested — almost always in vain — temporary flight restrictions the FAA has imposed in recent years across the country at the request of local police, said Mike Cavender, executive director of the Radio Television Digital News Association, a trade group for broadcasters. TV stations have complained that police ask for temporary flight restrictions without justification and the FAA approves them too readily without scrutiny.

"Our concern, based on what we were hearing from stations, is that it was kind of, 'Put a TFR in place and ask questions later,'" Cavender said. "There was certainly not the justification for a flight restriction that there ought to have been."

The RTNDA, which formally complained Monday to the FAA, said broadcasters in St. Louis were complaining to it during the period, even if they were no longer registering formal complaints with the FAA.

"We certainly, during that time, certainly heard either directly or anecdotally that the television stations in general in St. Louis were hampered," Cavender said. The group's complaint to the FAA said the restrictions were intended to "repress the media coverage" and called the FAA's response to the AP's report "disingenuous."

"We are sorely disappointed that, to this day, officials including those at the FAA continue to maintain their actions were necessary and appropriate to preserve safety and security," the complaint said.

Around the same time as the violence, the National Press Photographers Association, another journalism trade group, complained to the police chief in Ferguson about the department's "complete lack of understanding and respect for the First Amendment." That followed the no-fly restrictions and the arrest and detention of journalists on the ground covering the violence there.

The AP obtained the recordings under the U.S. Freedom of Information Act after asking for the information roughly 10 weeks ago.

"They finally admitted it really was to keep the media out," one FAA manager said about the county police on the tapes. "But they were a little concerned of, obviously, anything else that could be going on."

At another point, a manager at the FAA's Kansas City center said police "did not care if you ran commercial traffic through this TFR all day long. They didn't want media in there."

The conversations contradict claims by the St. Louis county police, which said the restrictions had nothing to do with limiting the press and instead were imposed because of gunshots fired at a police helicopter. But county police officials told the AP recently there was no damage to their helicopter because of the gunshots, which an FAA manager called unconfirmed "rumors."

The restricted flight zone initially encompassed airspace in a 3.4-mile radius around Ferguson and up to 5,000 feet in altitude, but police agreed Aug. 12 to reduce it to 3,000 feet after the FAA's command center in Warrenton, Virginia, complained to managers in Kansas City that it was impeding traffic into St. Louis.

The flight restrictions remained in place until Aug. 22, FAA records show.

___

Associated Press writer Alan Scher Zagier in St. Louis contributed to this report.

___

On Twitter, follow Jack Gillum at https://twitter.com/jackgillum and Joan Lowy at https://twitter.com/AP_Joan_Lowy


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European shares rise, Japan's Nikkei extends gains

TOKYO — European shares mostly rose Tuesday on expectations for strong corporate earnings. Japan's stock benchmark ceded some of its early gains to close 2.7 percent higher, while other Asian markets had gains and losses.

KEEPING SCORE: In Europe, quarterly earnings from BMW largely met expectations and the automaker maintained its forecast for profit growth for the full year. Germany's DAX rose 0.4 percent to 9,292.65 while France's CAC-40 added 0.1 percent to 4199.71. Britain's FTSE 100 was 0.1 percent higher at 6,493.46. Wall Street was poised for modest gains at the open, with Dow and S&P 500 futures both up 0.1 percent.

JAPAN'S STIMULUS: Investors continue to rejoice over the double-barreled barrage of stimulus unleashed on Friday. The Bank of Japan's decision to boost asset purchases will raise the amount of money being injected into the economy annually to about 80 trillion yen ($704 billion). Apart from that, the public pension fund is to pare its bond holdings and raise its investments in shares, to help improve the returns it is relying on to meet growing payout obligations.

CHINA'S SHADOW: A lower-than-expected gauge of Chinese manufacturing released by a government-sanctioned industry group has revived fears that growth in the world's second-largest economy will decline further.

THE QUOTE: "There may be some nervousness about the slowdown in China but now data suggests growth is stabilizing," said Linus Yip, a strategist at First Shanghai Securities. While a trend toward a weaker yen and stronger U.S. dollar can be bad news for many regional markets, it tends to attract funds into Hong Kong's share market, he said.

ASIA'S DAY: The Nikkei 225 in Tokyo jumped 4.1 percent early in the session but struggled to hold onto those gains, eventually ending up 2.7 percent at 16,862.47 in its first trading day since Japan announced the new measures Friday to boost faltering economic growth. The market was closed Monday for a holiday. Hong Kong's Hang Seng slipped 0.3 percent to 23,845.66 while South Korea's Kospi was 0.9 percent lower at 1,935.19. Australia's S&P/ASX 200 added 0.2 percent to 5,519.9. Southeast Asian markets were mixed.

CURRENCIES: The dollar was up and down against the yen in volatile trading following the BOJ stimulus announcement and rose to 113.72 yen by late afternoon from 113.59 yen late Monday. That puts the yen near a seven-year low. The euro rose to $1.2506 from $1.2504.

ENERGY: Benchmark U.S. crude oil was down $1.49 cents to $77.30 in electronic trading on the New York Mercantile Exchange. It fell $1.76 to close at $78.78 a barrel on Monday. Brent crude, the international benchmark, slipped $1.45 cents to $83.33.


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Softbank quarterly profit up despite Sprint woes

TOKYO — Softbank's quarterly profit nearly tripled as gains from the IPO of Chinese e-commerce company Alibaba offset losses at U.S. mobile carrier Sprint.

The Japanese telecommunications and Internet-services company reported Tuesday a fiscal second quarter profit of 483.1 billion yen ($4.3 billion), up from 165.8 billion yen a year earlier. Quarterly sales surged 23 percent to 2.11 trillion yen ($18.7 billion).

Softbank, the first to sell the iPhone in Japan, has widespread global investments including Chinese e-commerce company Alibaba, which listed in New York earlier this year after a record-busting stock sale. Softbank said it gained 599 billion yen ($5 billion) from the listing.

One sore spot is Sprint, which Softbank bought a majority stake in earlier this year. It said costs from layoffs at Sprint will total 17 billion yen ($150 million). Sprint is eliminating 2,000 jobs, or about 5 percent of its staff, to cut $1.5 billion in annual spending.

Overland Park, Kansas-based Sprint, which announced a separate round of job cuts in early October, reported a $765 million loss for the quarter. But Softbank is eyeing Sprint as a long-term investment.

"We are heading toward a turnaround," said Softbank founder and chief executive Masayoshi Son. Sprint's new chief executive, Marcelo Claure, tapped from cellphone distributor and Softbank unit Brightstar, was making progress, he said.

Son said Alibaba is reporting solid growth in profits, rising from its humble beginnings when he invested in it about 14 years ago to become one of the biggest companies in the world by market capitalization.

He compared his investment approach to valuing, instead of killing, the goose that lays golden eggs, but warned that patience was needed.

"I've long said that whoever rules China will rule the world," he said. China has overtaken Japan as the world's second biggest economy and will in the future grow bigger than the American economy, Son said.

But he said the place to watch next is India, where the population is young, English-speaking and boasts excellent software engineers, praising Snapdeal as India's equivalent of Alibaba.

The Tokyo-based company, which also owns the Softbank Hawks baseball team, recently invested in two Indian technology companies, Snapdeal, the nation's largest digital marketplace, and Ola Cabs, which runs the technology to connect consumers with cab drivers in India.

Another company in which Softbank is a stakeholder, Yahoo Japan, has switched its electronic commerce style to more like Alibaba's, a move that has proved a success, he said.

___

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama


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Microsoft band is one to watch

Written By Unknown on Senin, 03 November 2014 | 18.38

Oh, how the tables of technology have turned now that Microsoft appears poised to have Apple playing catch-up in the smartwatch wars.

In a surprise debut, the Redmond, Wash.,-based software giant launched its first health-and-fitness wearable, the Microsoft Band, late last week, sending Windows fans into a tizzy. The band quickly sold out online and in stores, appearing to set the stage for a successful holiday sales season.

With a combination of strategic design, pricing and timing, Microsoft has a clever plan to grab a chunk of the would-be Apple Watch crowd. Apple's highly anticipated wearable won't launch until after the holidays, a rare exercise in poor timing by the Cupertino, Calif., trendsetters that Redmond has successfully exploited with the early launch.

The Microsoft Band is part of a large, ambitious vision for Microsoft to dominate the digital health landscape. Part of the new Microsoft Health Platform, the device features a GPS, a UV monitor to keep track of potential sun exposure, sleep sensors that detect the quality of your nightly rest and integration with popular fitness apps such as RunKeeper.

The emphasis on health tracking comes in addition to text message, email and other alerts that you'd expect from a smartphone-compatible band.

Priced at a reasonable $199, not only is the Microsoft Band $150 cheaper than the upcoming Apple Watch (which starts at $350 and up), it is also a cross-platform device: it works with Android, iPhones and of course Windows Phone, meaning that non-Windows Phone users are likely to get a taste of the software with this band. While the Apple Watch won't include a GPS or a UV monitor, it does offer the increasingly popular Apple Pay digital wallet platform, some cool new ways to communicate (it reportedly "taps" you to get your attention) and lots of sports and health-tracking functionality.

The Microsoft Band isn't a watch. That's key in understanding how it contrasts with Apple's wearable. With a variety of band options and styles, Apple's fitness-and-health device is meant to replace the watch you already wear (even though so few of us do), and also to be worn all the time. It doesn't look weird to wear the Microsoft Band at the same time as a watch, but you're not going to to be able to wear it to a formal event.

I'll have a more detailed review after wearing my new Microsoft Band this week, but at first blush it looks like Apple has some competition.


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Apple iPad Air 2 broadens offerings

Apple iPad Air 2 ($499 & up, Apple Store)

The thinnest iPad yet is out, and it comes in gold, silver and space gray metal tones.

With a new processor, the 9.4-inch iPad with 2,048-by-1,536 pixel resolution features improved cameras and a Touch ID fingerprint sensor.

The good: Apple continues to refine the design and performance of the iPad, which is still the gold standard for tablets.

The bad: Battery life and sound quality could be better for the price.

The bottom line: Apple now has a full slate of its most groundbreaking device, starting with the iPad Mini on the low end at $249 and ending with this new offering on the high end.

There's something for everyone.


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Council to consider hiking relocation fees

The City Council will debate whether to further protect displaced renters whose units are being converted to high-priced condominiums or cooperatives by doubling the relocation fees that property owners are required to pay them.

Fees would increase from $5,000 to $10,000 for elderly, disabled and low-income tenants, and from $3,000 to $6,000 for others, to bring them in line with increased housing costs since their adoption in 2004, according to City Councilor Josh Zakim.

"It's really to protect long-term renters when a building is converted from rentals, which is happening more and more," Zakim said. "They haven't been raised in 10 years, and I think it's pretty clear that not only have housing costs in Boston risen dramatically in those last 10 years, but they've exceeded the rate of inflation."

One large Boston residential property owner, City Realty Group, says the proposed increases go too far. The company owns more than 600 residential units.

"The relocation fees have remained the same for a long time, and we feel that a moderate increase would be appropriate," said Matt Whitermore of City Realty. "Doubling the relocation fees does seem a bit excessive."

Zakim said the fees are not a "significant" cost for landlords, and the city wants to create housing opportunities for all residents — including those who have lived in units for years and can't pay $500,000 or more for a condo.

"The reason why the state Legislature authorized cities and towns to put (the fees) in is there is a crisis of affordable housing — that's clear," Zakim said. "We saw that from the mayor's release of his housing task force report and just what we hear from constituents and advocates every day."

Still, he said, the fees are only a small solution.

"Solving the housing crisis in Boston is going to take a lot more than this," Zakim said."

The ordinance, which exceeds state regulations, applies to properties with four or more units, and outlines the required notice to tenants. Adopted in 1999, it requires reauthorization by the Council every five years.

"The current legislation expires on Dec. 31, so if it's not reauthorized by then, these tenant protections will go away," Zakim said.

The council's Committee on Government Operations will hold a hearing on the issue on Thursday.

"There continues to be a need for this, because we continue to see clients that are faced with displacement — both with new situations that happen as well as people who were supposed to be protected by the law but had owners who were trying to get around the law," said Mac 
McCreight, a senior attorney in the housing unit at Greater Boston Legal Services, which worked with city councilors on the proposed revisions.


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Skip check-in; latest hotel room key is your phone

NEW YORK — Hotels don't want guests to have to linger at the front desk — or even stop by at all.

New programs are helping speed up the check-in process for busy travelers, or in at least one case, letting them go straight to their rooms by using their smartphone to unlock doors.

The innovations are still being tweaked as hotels scramble to catch up to airlines. Fliers today use their phones to check in, select seats and as a boarding pass. Hotels envision a similar relationship, with guests ultimately ordering poolside drinks via an app.

Starwood Hotels and Resorts on Monday became the first chain to let guests unlock doors with their phones. The feature is available at only 10 Aloft, Element and W hotels but will expand to 140 more properties in those brands by the middle of next year.

Hilton Worldwide is the only other hotel chain to publicly acknowledge plans for mobile room keys — which it plans to roll out at the end of 2015 at some U.S. properties. Hilton won't say how many hotels will be included, except that the service will be available at four of its brands, Hilton, Waldorf Astoria, Conrad and Canopy.

"Guests want this because it makes their lives simpler," says Mark Vondrasek, who oversees the loyalty program and digital initiatives for Starwood. "The ability to go right to your room, gives them back time."

Other hotel companies are finding other ways to streamline the arrival process.

Marriott International launched the ability to check in through its app at 330 North American hotels last year. By the end of this year, the program will be live at all 4,000 hotels worldwide. When a room becomes available, a message is sent to the guest's phone. Traditional room keys are pre-programmed and waiting at the front desk. A special express line allows guests to bypass crowds, flash their IDs and get keys.

At Hilton, all 4,000 properties worldwide will have a similar check-in by the end of the year. The one added feature: Guests can use maps on the app to select a specific room.

InterContinental Hotels Group is testing express check-in at 60 hotels.

The services are geared toward road warriors who don't want to slow down, even for a second. Guests who like personal interaction can still opt for a more leisurely check-in, and hotel companies say the move isn't about cutting jobs.

"If you're at the end of a long day, you might want a little less of a chatty experience. But if you're showing up at a new resort, you may want to know what the pool hours are," says Brett Cowell, vice president of information technology for Hyatt, which is testing permanent keys for frequent guests at six hotels.

The push isn't just about avoiding frustrating check-in lines. Hotels are trying to get more travelers comfortable using their mobile apps to interact. In some cases, that means using an iPad to request a wakeup call. But ultimately hotels would like to see people purchasing suite upgrades, spa treatments and room service though their phones and tablets — and at some point wearable devices like smartwatches.

Marriott guests made $1.25 billion in bookings last year through its mobile app, according to George Corbin, senior vice president of digital for the company.

Switching to smartphone room keys won't be easy. Starwood's app communicates using a Bluetooth data connection. Each hotel room needs to have a new lock that can communicate with phones.

The top 15 hotel companies have more than 42,000 properties worldwide with a combined 5.2 million rooms, according to travel research firms STR and STR Global. Many hotels have made updates over the past few years, but they remain the minority.

Then there is the issue of security. If there is knock on the door late at night and a guest goes to the peephole to see who is there, nobody wants the phone in their pocket to accidently unlock the door. That's why Starwood requires the phone to actually touch a pad on the outside of the door to open it.

Finally, only one phone can be linked to a room at a time. So if two people are staying in the room, they still need to get a traditional key for the second traveler.

Marriott says it is holding off on smartphone keys until all the potential bugs can be resolved.

"If there was ever a moment that matters," Corbin says, "it's the moment when you go up to your door and the key doesn't work."

But for the frequent business traveler, this might just be the time-saver they are looking for.

Bruce Craven spends about 100 nights a year on the road, traveling between his California home and New York where he does executive training programs and teaches at Columbia Business School. He's been testing Starwood's smartphone room key since March.

"If you're traveling all the time, little things can take on a symbolic importance," Craven says. "This is one less thing that I need to think about."

__

Scott Mayerowitz can be reached at http://twitter.com/GlobeTrotScott.


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Surviving spaceship pilot described as 'alert'

Written By Unknown on Minggu, 02 November 2014 | 18.38

MOJAVE, Calif. — The injured test pilot who survived the destruction of Virgin Galactic's prototype space tourism rocket is described as alert and talking with his family and doctors.

Word about the condition of Peter Siebold came Saturday in a statement from his employer, Scale Composites, the Mojave, California, company developing SpaceShipTwo for Virgin Galactic.

Scaled Composites says Siebold, its director of flight operations, was serving as pilot during Friday's ill-fated test flight high over the Mojave Desert.

Co-pilot Michael Alsbury was killed.

The National Transportation Safety Board is investigating the cause of the accident.


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Cos. step up to help displaced homeless

At 5 a.m. on Oct. 9, Mariann Bucina Roca checked her email and found an urgent plea for help from Boston Public Health Commission Homeless Services: The previous day, the Long Island bridge had been shut down for safety reasons, forcing the evacuation of about 700 homeless people, recovering addicts and troubled teens, who left, literally, with only the clothes on their backs.

"All we knew was this really traumatic thing had just happened to hundreds of people," said Bucina Roca, executive director of Friends of Boston's Homeless. "Clean underwear, socks, toothbrushes — all that was left behind. So we were like, OK, we've got to get moving."

And that is when the Boston business community began stepping up.

Friends' staff of two immediately began making calls to their longtime donors, businesses including Charles River Apparel in Sharon, which began packing 75 boxes with about $25,000 worth of outerwear, sweatshirts, polo shirts and other clothes.

"As a family, we very much want to give back, and this was an emergency," said Deb Lipsett, the company's director of community partnerships. "To think that these people were being displaced again, without any notice, and couldn't return — it's heartbreaking."

Goodwin Graphics in Cohasset donated more than 200 pairs of socks.

"For the last few years, we've gone to the fundraiser the Friends of Boston's Homeless holds every year on Long Island, but when we found out the bridge was closed, I was thinking: I've got to do something more impactful," said owner Ron Goodwin. "For every homeless person, there's a story that goes with them. Any one of us could be that person on the street."

TD Garden, Liberty Mutual and Eastern Bank each gave money. Stacy's Pita Chip Co. donated healthy snacks. And Dependable Cleaners has been doing laundry weekly for about 50 people who were in transitional programs on Long Island.

"I've never seen a community come together in such a united way," said Beth Grand, bureau director for Boston Public Health Commission Homeless Services. "And to see the impact on our clients — they are very appreciative of what everyone's done to help them through this."

The agency has managed to find temporary shelter for all of the people who were displaced and is working with Mayor Martin J. Walsh to find more permanent housing.

"These are people who've earned the right to move into permanent housing," said John Rosenthal, founder and chairman of Friends of Boston's Homeless.

Other critical needs remain, including toiletries, coats and underwear; new men's sweatshirts and hoodies; new hats, gloves, scarves and socks; duffel bags and backpacks; packaged food such as Ensure for the elderly and granola bars, as well as decks of cards, dominoes, and museum or movie passes.

"A lot of it," Bucina Roca said, "is just providing comfort at a time of incredible stress."

To help, visit the Friends' Web site at www.fobh.org, or call (617) 942-8671.


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Take your reputation with you to next job

A Boston company has launched a new social media site that allows users to review and recommend individual lawyers, hair stylists and other professionals — combining the popular elements of services such as Yelp and LinkedIn.

Dunwello, founded early this year, gives customers a chance to review specific employees, instead of the companies for which they work

"There's no clear place (right now) you can go and see what individual professionals are really great at," said Matt Lauzon, co-founder of Dunwello.

When people start a new job, Lauzon said, they have to start from scratch with online reviews while the old employer keeps the good ratings. With Dunwello, recommendations follow the employee, not the company.

"The individual's livelihood is based on their reputation, (but) when they're moving place to place, those reviews don't follow them," he said. "You don't have a portable reputation."

Lauzon said an increasing number of employees go from job to job, and are forced to carve out loyal customers from the beginning.

Dunwello users rate how likely they are to recommend the person to others, which adds up to an overall score. Only positive reviews show up, although every review is sent to the professional.

"We don't believe in public shaming," Lauzon said, adding that anyone can see a pro's overall score.

Dunwello is focusing on a few professions to start, including lawyers, hair stylists and personal trainers.

Dunwello has raised 
$1.4 million in venture financing. Lauzon also founded Gemvara, a company that offers custom jewelry online.


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Boston eyes next-gen networks

Boston is teaming up with more than two dozen other cities across the country to tackle one of the most complex infrastructure questions of the century: how to ensure the next-generation Internet connectivity that will be crucial for civic success.

"Where we stand today does not represent a network that is going to carry us and our many industries ... into the next few decades of the century," said Jascha Franklin-Hodge, chief information officer for the city of Boston.

Next Century Cities, a group of 31 cities across the country that are in the process of upgrading their internet infrastructure, is a collaborative organization that will meet regularly to discuss challenges and progress.

"The goal is to help a number of cities that already have interesting initiatives have better access and collaborate and learn from each other," said Chris Mitchell, policy director for Next Century Cities. "Having them all together makes it easier."

The networks of the future will need to be so-called gigabit networks, capable of speeds dramatically higher than a majority of today's networks.

"Twenty years from now, people are going to need gigabit connectivity," Franklin-Hodge said.

There is no specific plan in place to improve Boston's internet infrastructure, but the city is working to put one in place, he said.

"We're working hard to identify what options we have, there's a sense of urgency about this," he said. "There are so many different models, and there are people trying things all over the country that may be the right fit for Boston."

The Next Century Cities collaboration is intended to help guide Boston.

The city has been plagued by slow internet access for years — blamed in part on Verizon's refusal to build its FiOS network in the city as well as the infrastructure challenges that any old city faces.

The problems have been especially pronounced in the Innovation District.

And Boston's specialized industries require a high-quality network more than many cities, said Blair Levin, a senior fellow at the Brookings Institution's Metropolitan Policy program and a former chief of staff for former FCC Chairman Reed Hundt.

"Boston has enormous strength in institutions of higher education, healthcare, and finance, and technology," he said. "Those are all going to require huge bandwidth."

But any network built by the city or a private company will have to take into account some unique qualities when designing its next-generation network, he said.

"The great disadvantage for Boston is that it's an old city, which increases the cost of construction," he said. "The advantage that Boston has is that it has a number of institutions ... if those folks all aggregate their buying power ... they can change the economics of deployment."


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