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Wed. Dec. 26, 2012 Boston-area home prices rising, but more slowly than in other large cities Home prices in Boston have risen in the past year but at a much slower pace than in other major housing markets, according to the Standard & Poor’s/Case-Shiller home price index released on Wednesday. Boston housing prices were 1.6 percent higher in October this year than they were in the same month last year. The average increase in 20 metropolitan areas was 4.3 percent -- the largest year-over-year increase in two and a half years.	Advertisement
Logan Airport breaks passenger record For the second year in a row, Logan International Airport recorded a record number of passengers with 29 million travelers passing through the Boston airport. The airport will mark the occasion this afternoon by welcoming the 29th million traveler, who is expected to depart on a United Airlines flight later Wednesday afternoon. The airport’s previous passenger record was set in 2011 when 28.9 million travelers flew in and out of Logan.
Cambridge biotech Aegerion wins FDA approval for drug to treat rare form of high cholesterol Aegerion Pharmaceuticals said Monday it has won approval from the Food and Drug Administration to market the Cambridge biotechnology company’s first drug, a treatment for a rare inherited genetic disorder that can raise cholesterol to life-threatening levels. The condition, disordehomozygous familial hypercholesterolemia -- or HoFH -- is resistant to statins and other medications typically used to bring high cholesterol under control.
Beverly pharmaceutical company claims it’s at leading edge of research on new cancer drug Beverly-based biopharmaceutical company Cellceutix Corp. on Monday said a cancer drug it is testing in clinical trials is more advanced than similar drugs under development by larger companies that were featured in The New York Times on Sunday. Merck, Roche and Sanofi are not yet testing their drugs in clinical trials against many kinds of cancer but Cellceutix, which was not mentioned in the Times article, said Monday that it is already conducting such trials.
Union files complaint against UMass Memorial after some nurses told to work on Christmas Unionized nurses have filed an unfair labor practice complaint with the National Labor Relations Board charging that UMass Memorial Medical Center in Worcester was breaching its contract and violating federal labor law by requiring some nurses to work on Christmas. Between 10 and 20 nurses were told in recent days that they will be needed on Christmas even though they worked on Thanksgiving and are scheduled to work on New Year’s day, said David Schildmeier, spokesman for the Massachusetts Nurses Association.
Massachusetts pension fund has about $28 million invested in the US gun industry State treasurer Steve Grossman said the Massachusetts pension fund has $27.8 million invested in the gun industry. The Globe reported earlier this week that Grossman had asked for an accounting of gun-related investments following last Friday’s mass shooting at Sandy Hook Elementary School in Newtown, Conn. “Given recent events, we’re engaged in a serious conversation on gun violence in America, and I hope that the timely release of this information will make that as comprehensive a discussion as possible,” Grossman said in a statement Friday.
TJX Cos. pays $200 million for online Wyoming retailer Sierra Trading Post TJX Cos. Inc., the Framingham-based owner of T.J. Maxx and Marshalls stores, said it bought discount online retailer Sierra Trading Post for about $200 million. The privately-held Sierra Trading Post, which launched in 1999 and is headquartered in Cheyenne, Wyoming, generates annual revenue of more than $200 million. The company specializes in apparel, footwear, and home furnishings. As part of the deal, TJX said, it is acquiring Sierra Trading Post’s office, distribution center and photography studios in Cheyenne, customer call centers in Cheyenne and Cody, Wyoming, and four outlet stores in Idaho, Nevada and Wyoming.
Brian McGrory named Globe’s new editor The Globe has named Brian McGrory, a longtime reporter and Metro columnist for the paper, as its new editor.
Clear Channel launches electronic dance music radio station on former WFNX signal Clear Channel Media and Entertainment on Thursday launched an electronic dance music radio station in Boston on 101.7FM, the former signal of alternative rock station WFNX. The news ends months of speculation about what Clear Channel would do with the frequency it purchased from the Phoenix Media/Communications Group in May for $14.5 million. The new station, Evolution 101.7 WHBA, will broadcast the same electronic dance music featured on Clear Channel’s iHeartRadio Internet station Evolution
Statement from Publisher Christopher Mayer naming Brian McGrory new Boston Globe editor Boston Globe Publisher Christopher Mayer released the following statement to staff announcing the selection of Brian McGrory as the news organization’s next editor.
Hungry Mother to open second eatery The owners of the popular
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