The New York Times Co. said yesterday that it will not sell The Boston Globe, citing significant improvement in the Globe’s financial standing - a decision that ends months of uncertainty about the future of New England’s largest newspaper.
The Times Co. had been exploring a sale of the Globe and its website, Boston.com, along with the Worcester Telegram & Gazette since at least the spring; final bids were due Friday. Two potential buyers submitted offers, but in a memo to employees late yesterday, the company’s top executives said they had ended their consideration of a Globe sale, and looked forward “to charting our future together.’’ The company did not rule out a sale of the Worcester paper.
“We know this has been a long and painful process,’’ Times Co. chairman Arthur O. Sulzberger Jr. and chief executive Janet Robinson said in their memo, adding that they had come to their decision “after careful consideration and analysis.’’
The Massachusetts Port Authority is training extra workers to operate the 68-foot-long snowplows that clear the runways in case the regular drivers come down with swine flu. The law firm Foley Hoag gave each of its employees a kit with hand sanitizer, tissues, and telephone disinfectant pads. And HarborOne Credit Union has gone so far as to cancel its annual holiday party.
Local employers are gearing up for the H1N1 influenza virus, which the Boston Public Health Commission is cautioning could infect 30 percent of the population this fall and winter. So far this season, the city has not been as hard hit as many other areas across the country, and the commission has urged businesses to update their pandemic plans and take precautions now to prevent the disease from spreading through the workplace.
Many companies are going beyond the usual winter flu precautions of supplying tissues and seasonal flu shots as they try to make sure business doesn’t suffer if a swine flu outbreak occurs. A recent survey of more than 1,000 businesses by the Harvard School of Public Health found that only a third could function without suffering major operational problems if half their workforce were out sick for two weeks.
What was Sony thinking?
That’s what I wondered while testing the new PSP Go handheld video game device from Sony Corp. Like most Sony gadgets, it’s well-engineered and attractive, but not quite right.
It’s as if the PSP Go designers read engineering journals instead of watching what actual people do; on the subway, for instance. Lots of those passengers are playing games. But a growing number aren’t using a PSP, or even rival Nintendo Inc.’s DS game machine. These days, the fastest-selling devices for handheld gaming are the iPhone and iPod Touch music device from Apple Inc.
The ownership status of hundreds, and possibly thousands, of foreclosed properties in Massachusetts became muddier yesterday after a state Land Court judge reaffirmed his March decision that invalidated the sales of two Springfield homes because of improper paperwork.
In a 27-page ruling, Justice Keith C. Long described a convoluted process in which mortgages for the two homes were transferred multiple times without being properly recorded, as required by state foreclosure law. He said any problems the banks now face to clean up title questions - which could include redoing the foreclosures altogether - are “entirely of their own making.’’
“The issues in this case are not merely problems with paperwork or a matter of dotting i’s and crossing t’s,’’ Long wrote. “Instead, they lie at the heart of the protections given to homeowners and borrowers by the Massachusetts Legislature.’’
Bowing to stiff community opposition, Boston developer Donald J. Chiofaro is proposing to lower the overall height of his proposed office and residential complex near the New England Aquarium, by lopping off a large decorative rectangular bracket and reducing the tallest building by at least 65 feet.
The bracket, or terra-cotta skyframe, would have topped off the development at 780 feet. The revised plan would cut the height of the buildings to no more than 625 feet, a reduction of 20 percent.
Chiofaro also said he wants to add a rooftop public observatory and extend a planned walkway to directly link the aquarium on one side of the development with the Rose Fitzgerald Kennedy Greenway on the other.
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