Monday, February 28, 2011

Daily Business Update from the Boston Globe

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Monday, February 28, 2011

Axia chosen as manager for state's new broadband network
Massachusetts has picked a Canadian telecommunications company to manage a new $71.6 million broadband network being built to deliver the Internet to underserved areas of the state.

Rosengren: Stress tests will help prepare for worse case scenarios
Eric S. Rosengren, president of the Federal Reserve Bank of Boston, today warned regulators and banks against relying too much on historical patterns to assess future risks to the financial system, instead calling for wider use of so-called stress tests to forecast and prepare for worst case scenarios.

In just a week, Mass. gas prices surge 17 cents
Massachusetts gas prices, fueled by social unrest in the Middle East and North Africa, soared 17 cents in the past week but still remained well below the national average.

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