We could spout the statistics about the growing need for nursing home care and outliving your resources, but you probably get enough of that other places. Besides, long-term care isn?t just about nursing homes. It’s about getting the assistance you or someone you care for needs at home as well. Furthermore, you know as well as we do that people seem to be living longer than ever, and health care costs are climbing higher every year. Continue reading
The Claude E. Shannon Award of the IEEE Information Theory Society was instituted to honor consistent and profound contributions to the field of information theory. Each Shannon Award winner is expected to present a Shannon Lecture at the following IEEE International Symposium on Information Theory. Continue reading
The government unveiled Tuesday its first rating of passenger cars’ resistance to rollover accidents, a measure of stability decried as too narrow by some in the auto industry. Continue reading
DETROIT — Dow Corning Corp. and lawyers for women who sued the company over silicone breast implants want a judge to throw out a ruling they say could upset a complicated $3.2 billion settlement plan. Continue reading
WASHINGTON — A big jump in energy prices helped push consumer inflation up 2.7 percent in 1999, the biggest increase in three years. But prices were relatively contained in most other areas, posting the best performance since the mid-1960s. Continue reading
President Clinton renominated Alan Greenspan to another term as chairman of the Federal Reserve Tuesday, extending his strong authority over U.S. economic policy for another four years.
Greenspan, a 73-year-old Republican who took the reins at the central bank in 1987, said he had agreed to stay in the job in part because of the “unimaginable intellectual interest” of putting economic theory to the test in the financial markets. Continue reading
DETROIT — The world’s two largest automakers announced new alliances with Internet companies Sunday, the latest in a string of deals between the online world and major corporations. Continue reading
WASHINGTON — Nearly half the partners at accounting giant PricewaterhouseCoopers LLP reported having violated rules prohibiting them from owning stock in companies they audit, and many more such lapses went unreported, a review led by an independent consultant has found. Continue reading
NEW YORK — Stocks were down across the board Tuesday in a broad-based slump triggered mostly by interest rate fears.
Paradoxically, Tuesday’s sell-off could convince the Federal Reserve to leave rates untouched when they gather Feb. 1. Continue reading
WESTBOROUGH — Power company New England Electric System (NEES) said Monday it had agreed to buy Eastern Utilities Associates in deal worth about $634 million, in the latest consolidation spurred by deregulation in the electricity industry.
In December, NEES said it would merge with National Grid Group, a privately owned British transmission company. In its latest deal, NEES will acquire Boston-based Eastern Utilities for $31 cash per share. Continue reading