Boston tunnel settlement to cost builders $458 mln
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The lead contractor and consultants on Massachusetts' "Big Dig" roadway project have agreed to pay $458 million to settle an inquiry into defects in the tunnels that led to a fatal accident in 2006, federal and state officials said on Wednesday.
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Ritchie Capital will pay $40 million to settle investigations into its trading practices from 2001 to 2003, regulators and the company said.
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Leaks in the Big Dig highway tunnel system under downtown Boston are more widespread than officials have acknowledged, and a new state report suggests tens of millions of dollars
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By SCOTT HARPER  BY SCOTT HARPER  THE VIRGINIAN-PILOT  CHESAPEAKE - Hearndon Construction Corp. has agreed to pay the state an $11,500 fine and restore wetlands and woods illegally damaged during development of new homes in the Deep Creek area of Chesapeake.
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A city transportation review prompted by a deadly collapse in a Big Dig tunnel has found cracks that will require major repairs to an older tunnel under Boston Harbor, Gov. Mitt Romney said Tuesday.
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Huge cost overruns. Tunnel leaks. Multimillion-dollar lawsuits. Big trouble for the companies managing Boston's Big Dig? Not really.
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Builders of a $275 million residential and retail complex on East Boston's waterfront unexpectedly delayed construction last month, a setback to a project critical to the neighborhood's economic future.
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The Boston Redevelopment Authority yesterday preliminarily approved a $45 million freight container handling facility that would be a modern gateway to the Boston Marine Industrial Park in South Boston.
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he United States Department of Labor announced yesterday that it had reached a $1.9 million settlement with a contractor for the Target Corporation after finding that the contractor had
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IBM Corp. and plaintiffs challenging the legality of its pension plan agreed to a deal Wednesday that settles most claims and caps the company's potential liability at &#36;1.7 billion. The company previously had estimated a settlement could cost as much as &#36;6.5 billion.
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BOSTON - The Big Dig - Boston&#39;s newly opened $14.6 billion highway tunnel project - has a seriously flawed wall that contractors knew about as early as 1999, and is riddled with hundreds of smaller leaks, consultants reported in another embarrassment for
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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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Shorenstein Co. LLC of San Francisco and the State Teachers Retirement System of Ohio this week completed the sale of Bay Colony Corporate Center office park in Waltham to Beacon Capital Partners LLC for $272.5 million. Cushman &amp; Wakefield of Massachusetts represented the sellers in the sale of the 987,923-square-foot, four-building complex on Route 128 overlooking the Cambridge Reservoir. The ...
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The Big Dig - Boston&#39;s newly opened $14.6 billion highway tunnel project - has a seriously flawed wall that contractors knew about as early as 1999, and is riddled with hundreds
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The managers of Boston&#39;s Big Dig project said Wednesday they will hold private contractors accountable for leaks found in the tunnel system.
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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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IBM Corp. and plaintiffs challenging the legality of its pension plan agreed to a deal Wednesday that settles most claims and caps the company's potential liability at &#36;1.7 billion. The company previously had estimated that a settlement could cost up to &#36;6.5 billion.