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Boston Herald / Business

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18

US long-term mortgage rates fall; 30-year at 3.88 percent

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WASHINGTON — Long-term U.S. rates slipped this week, reversing two straight weekly increases.

17

Winning Amazon's new headquarters could come with hidden costs

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Over the last few weeks officials in dozens of American cities have been working overtime to prove that they are prime for Amazon. The Kansas City, Mo.,mayor’s office ordered 1,000 items from the Seattle-based behemoth—ranging from a hot…

6 wacky ways cities are trying to win Amazon's new headquarters

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When Amazon announced in September that the Seattle-based company was inviting cities to bid for its second headquarters, there was immediate pressure for metros to apply — and to figure out how to set themselves apart from everyone else…

These U.S. cities and states are trying to win Amazon HQ2 with billions in tax breaks

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U.S. cities are offering Amazon.com at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.

Surprise! 4 things you didn't know were taxable

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Tax season begins in just a few months, which means there's precious little time left to prevent unwelcome tax surprises next April. For many people, the blow comes when they find out they have to report income they thought wasn't taxable…

11

Wooing Amazon with sun, fun ... and giant buttons

BOSTON — Mayors from Toledo to Tulsa are so eager to woo Amazon's much-vaunted second headquarters that they've been brandishing bourbon, selling the sun, whispering sweet nothings to the company and even pushing its buttons.

09

Massachusetts fires up 24 sites in Amazon bid

Massachusetts is hitting Amazon with a shotgun blast of up to 24 bids for its second headquarters today — with Boston’s bid focused on Suffolk Downs — despite the online retail giant’s call for metropolitan areas to stick to one pitch.

07

GE, Apple team up as earnings report looms

Boston’s General Electric Co. is working with Apple Inc. on mobile applications that will help industrial operators track the performance of machinery, jet engines, factories and power plants from their iPhones and iPads.

Dow keeps on rolling as it closes above 23,000

A day of modest gains on Wall Street resulted in more milestones for U.S. stocks yesterday as the Dow Jones industrial average closed above 23,000 points for the first time.

The Ticker

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Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building.

Wednesday, Oct 18

00

Record highs for major US stock indexes; Dow passes 23,000

A day of modest gains on Wall Street resulted in more milestones for U.S. stocks Wednesday as the Dow Jones industrial average closed above 23,000 points for the first time.

22

Uncertainty reigns ahead of new health care sign-up period

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DES MOINES, Iowa — Jason Sanford has heard so many rumors about the changing health care landscape that every few weeks he dials a local information desk, seeking just a rough estimate of what his diabetes medication will soon cost him.

Toyota recalls some Sienna minivans for shifter defect

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DETROIT — Toyota Motor Co. is recalling 347,120 Sienna minivans worldwide because they can shift out of the "park" position and roll away.

21

Site of Amazon's HQ2 has much to learn from Seattle

SEATTLE — Memo to the many places vying for Amazon's second headquarters: It ain't all food trucks and free bananas.

Banks lead US stocks higher in midday trading; IBM surges

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Financial companies led U.S. stocks higher in midday trading Wednesday, putting the major indexes on track to set new records. Investors were weighing the latest batch of company earnings and deal news. IBM surged on strong quarterly…

Correction: Self-Driving Cars Report story

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BOSTON — In a story Oct. 17 about a Boston self-driving car study, The Associated Press reported erroneously that a computer simulation showed that the advent of self-driving cars would likely add vehicles to the roads. The analysis showed…

US stocks on course for higher close, new records

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U.S. stocks moved modestly higher in late-afternoon trading Wednesday, on course to deliver record highs for each of the major stock indexes. Technology stocks and financial companies led the gainers as investors weighed the latest batch…

20

Kentucky seeks big pension changes to stem tide of red ink

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FRANKFORT, Ky. — Most of Kentucky's future public employees would not get guaranteed pension payments under a deal announced Wednesday by the state's Republican leaders who are trying to salvage one of the worst-funded public retirement…

18

Banks lead US stocks mostly higher in morning trading

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Financial companies led U.S. stock indexes mostly higher in morning trading Wednesday as investors pored over the latest batch of company earnings and deal news. IBM surged on strong quarterly results, lifting technology sector stocks.…

Kentucky to move all new hires to 401(k)-style plan

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FRANKFORT, Ky. — Kentucky's Republican leaders say they will close the state's troubled pension system for most new employees, offering them a 401(k)-style plan as they seek to stop the bleeding in one of the country's worst funded public…

17

US stock indexes mostly higher in early trading; oil up

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U.S. stock indexes were mostly higher in early trading Wednesday as the market added to its modest gains from a day earlier. Technology companies notched some of the biggest gains, led by strong earnings from IBM. Health care and financial…

How Apple and GE plan to keep track of jet engines and power plants on iPhone and iPad

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Apple and General Electric say they are working together to make it easier to write software that can track power plants and jet engines on Apple’s iPhones and iPads.

Tough housing market awaits California wildfire victims

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PETALUMA, Calif. — As firefighters gain on wildfires burning in Northern California's wine country, the many thousands who lost their houses, condos and apartments in those fires will have to find a new place to live in one of the toughest…

US earnings move into focus of global markets

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LONDON — European stock markets eked out some solid gains Wednesday as the U.S. corporate earnings results season picks up pace.

Ford recalling about 1.3M vehicles for possible door issue

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DETROIT — Ford is recalling about 1.3 million 2015-17 F-150 and 2017 Super Duty vehicles in North America because of potential door problems.

Maine haunted house is for sale for a frighteningly high asking price

On the hunt for a beachside getaway with character? A recent listing in Maine might be worth a look.

Why Amazon buying Whole Foods might not shake up the grocery industry like you might expect

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Most U.S. shoppers are fiercely loyal to local food stores, calling them better than online options, according to a new Reuters/Ipsos poll that raises questions about how much Amazon.com‘s $13.7 billion purchase of Whole Foods will shake…

Boston area stakes Amazon HQ pitch on technology talent

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BOSTON — In the high-stakes contest to land Amazon's new headquarters, many consider Boston to be a serious contender competing against other big technology hubs around the United States and Canada.

16

US home construction tumbled 4.7 percent in September

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WASHINGTON — Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building.