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Silicon Valley Investor Aims To Create Tech Hub In Maine

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The city can’t hope to compete in every way with heavy-hitters like Boston, Seattle, San Francisco and Silicon Valley, which captured nine out of 10 jobs between 2005 and 2017. So it will have to go its own way with the new institute to be called the Roux Institute after Silicon Valley investor David Roux, its patron.

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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

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The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation.

Boston 109
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As Bill Payments Go Digital, The Rental Industry Still Lags

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online bill payments made by consumers in 2016 were conducted via biller-direct sites, up from 62 percent in 2010. They accounted for 27 percent of online bill payments in 2016, down from 38 percent in 2010. According to a new report from Aite , 73 percent of U.S.

Industry 105
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Whole Foods’ 500th Store Features Eateries

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While there were only 25 American food halls in 2010 per reports, there are expected to be 200 food halls in the U.S. The company has locations in cities like cities such as Boston, and Los Angeles, New York, among others. The news comes amid a boom in food halls, with the number of such facilities poised to increase.

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State Street Settles Secret Commission Charges, Pays $64.6M

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Attorney William Weinreb in Boston said in a statement, according to Reuters. From 2010 to 2011, prosecutors contend the two added secret commissions to fixed-income and stock trades for the six customers. According to a report by Reuters , six clients were defrauded through the commissions on billions of dollars of stock trades.

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Ex-State Street Execs Charged In Defrauding Scheme

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2010 and Sept. The pair charged — Ross McLellan and Edward Pennings — face a five-count indictment, touching on conspiring to commit securities fraud and wire fraud and also two counts apiece of securities and wire fraud. The indictment itself alleges that the two — during a timeframe that stretched between Feb.

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Cosi Files For Bankruptcy

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According to reports, the Boston-based chain has filed for bankruptcy as it looks to restructure its debt load and conduct a sale process. Share price has been in a consistent march down ever since, falling below $10 a share in 2010 and never getting back above it. As of Wednesday (Sept.

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