Boston tunnel settlement to cost builders $458 mln
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The lead contractor and consultants in the Massachusetts "Big Dig" tunnel and roadway project have agreed to pay $458 million to settle state and federal charges following a fatal accident in 2006, the Justice Department said on Wednesday.
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Officials in the nation's capital announced the &#36;425,000 settlement of a lawsuit Monday stemming from a mass arrest that occurred not far from the White House nearly 28 months ago.
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Boston, MA (Sports Network) - The Boston Red Sox Friday agreed to a four- year contract with catcher Jason Varitek. Financial terms were not disclosed, but The Boston Globe is reporting that deal is worth $40 million.
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BOSTON -- When the clock runs out on 2007, Boston will quietly mark the end of one of the most tumultuous eras in the city's history: The Big Dig, the nation's most complex and costliest highway project, will officially come to an end.
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James Hardie Industries NV, Australia&#39;s fourth-biggest building materials maker, agreed to cover an estimated A$1.5 billion ($1.1 billion) shortfall in compensation for sufferers of asbestos diseases.
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The family of a woman killed when the ceiling of a Big Dig tunnel collapsed on her car last year has agreed to a $6 million settlement with the company that supplied the epoxy blamed for the accident, attorneys said Monday.
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Invesco Funds Group Inc. and affiliate AIM Advisors Inc. agreed to a &#36;450 million settlement with state and federal regulators to resolve probes of improper trading, officials and the parent company said on Tuesday.
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Two units of mutual fund company Franklin Resources Inc.  agreed to pay &#36;20 million in civil penalties to settle charges that they used fund assets to pay for marketing and failed to adequately tell investors, federal regulators said on Monday.
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Massachusetts Electric Co. , the state's biggest utility, reached a $71 million agreement with Attorney General Thomas F. Reilly to freeze most rates through March 1 and offer all customers a monthly credit averaging 43 cents for the year after that. With the seven-year-old system of state-controlled &quot;standard offer&quot; power rates set to expire in March, the settlement pact is ...
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NATICK, Mass. - Boston Scientific Corp. violated its agreement with an Israeli company and acted in &quot;bad faith&quot; when it set up a secret stent-making operation in Ireland, according to a federal judge who ordered the companies to reach a settlement.
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The Big Dig highway project in downtown Boston is riddled with leaks dumping millions of gallons of water into the &#36;14.6 billion tunnel system, according to an engineer hired to investigate the cause of a massive leak in September.
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BOSTON (CBS.MW) -- Franklin Resources has agreed to pay a $5 million fine in connection with charges that it allowed market timing in a fund that prohibited the practice in its prospectus.
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The companies that designed and managed the costly Big Dig project will pay Massachusetts more than $400 million to settle litigation over leaky tunnels and a fatal ceiling collapse.
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The Boston investment firm State Street Research &amp; Management Co. plans to let go 116 employees, or 28 percent of its total staff, according to a filing with city and state officials, a result of its pending acquisition by BlackRock Inc.
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Boston Scientific agreed to pay $195 million to settle claims related to a potentially flawed defibrillator made by itâs subsidiary, Guidant.
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Prosecutors reached a $458 million settlement with contractors over tunnel defects that caused a fatal 2006 accident Â but a small contractor that isn't involved in the agreement says it unfairly spares the most responsible party from criminal charges.
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Boston Properties Inc., the real estate investment trust run by billionaire Mortimer Zuckerman, agreed to sell 5 Times Square for about $1.28 billion, a record price for a New York City office tower.