East Boston News

  • United Way Announces 2014 Summer Learning Collaborative sites

    BOSTON —United Way of Massachusetts Bay and Merrimack Valley today announced it is awarding $229,000 to serve over 2,000 elementary school-age children in 22 program sites in Greater Boston and Merrimack Valley through its nationally-recognized Summer Learning Collaborative. The 2014 locations will serve students from the communities of Lynn, Lawr...

    July 29, 2014 3:37 AM EDT
  • Firefighters Knock Down 6-Alarm Blaze In East Boston - WBUR

    Firefighters Knock Down 6-Alarm Blaze In East BostonWBURBOSTON — A six-alarm fire raged through two wooden buildings in East Boston Monday morning while damaging a third, displacing at least 20 people and causing an estimated $1.2 million in damage. The fire began around 8 a.m. and involved buildings on ...and more »

    July 31, 2014 7:29 AM EDT
  • Firefighters Battling 6-Alarm Blaze In East Boston - Boston.com

    Firefighters Battling 6-Alarm Blaze In East BostonBoston.comFirefighters Battling 6-Alarm Blaze In East Boston. July 31, 2014 7:00 AM. Share; Comment. Firefighters Battling 6-Alarm Blaze In East Boston. Advertisement—Continue Reading Below. Share Tweet. Share; Comment ...

    July 31, 2014 7:09 AM EDT
  • East Boston dad on time to save six from inferno - Boston Herald

    Boston HeraldEast Boston dad on time to save six from infernoBoston HeraldAs told to the Herald's Laurel J. Sweet, the fact that he was running late was the reason Rizzo was able to get six people out, including his 2-year-old daughter, Valentina, when their five-unit East Boston apartment house on Sumner Street turned into a ...and more »

    July 31, 2014 1:41 AM EDT
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  • Smart to-do list app Timeful wants to help you stop procrastinating

    It's 7 p.m. on a Wednesday as I write this. My phone just buzzed to remind me that I need to renew my MBTA pass and drink some water. And it's all thanks to a new smart calendar-and-to-do list iPhone app called Timeful that makes it debut today. The free app was created by a team that includes former MIT Media Lab professor Dan Ariely, who for 10 ...

    July 31, 2014 9:00 AM EDT
  • Hundreds protest pipeline plans

    Several hundred people protested on Boston Common on Wednesday against the proposed expansion of a gas pipeline through Western Massachusetts. "We're using too much power and being overpowered by the oil and gas industry," said Martin Schotz, a 71-year-old doctor from Cummington. "We're all personally affected by global warming and the use of foss...

    July 31, 2014 8:07 AM EDT
  • Market Basket threatens to hire replacement workers as dispute drags on

    Market Basket executives have scheduled a job fair for next week to begin hiring replacement workers as a walkout by longtime employees continues, the Boston Globe reports. The paper says the chain's new co-chief executives have issued an appeal for existing employees to come back to work.

    July 31, 2014 7:58 AM EDT
  • Hologic's turnaround 'gaining steam' with third quarter results

    The turnaround at one of the state’s largest healthcare companies, Hologic in Bedford, is happening faster than many expected, based on quarterly results announced Wednesday. The company’s third quarter, which ended in June, was the third in a row that beat analysts’ expectations in what had been termed a “year of transition” as recently as last N...

    July 31, 2014 7:48 AM EDT
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  • The mayor skips work - Boston Herald

    Boston HeraldThe mayor skips workBoston Herald... Summer Park Celebration, then-Mayor Ray Flynn no doubt had onlookers pondering the nickname “Crazy Legs” as His Honor threw himself into the Double Dutch game with wild abandon. Feeling nostalgic? Let us know what blast from Boston's past you'd ...and more »

    July 31, 2014 2:20 AM EDT
  • Boston Mayor: City In 'Very Good Position' To Host 2024 Olympics - NESN.com

    NESN.comBoston Mayor: City In 'Very Good Position' To Host 2024 OlympicsNESN.comIt's the end of July 2024, and the entire world has descended upon 89-square-mile city of Boston, Mass., to take in the Opening Ceremonies of the 33rd Summer Olympic Games. It may seem far-fetched at the moment, but Boston Mayor Marty Walsh is very ...Mayor Walsh: Bosto...

    July 30, 2014 8:39 AM EDT
  • Mayor Walsh is naming Ted Landsmark to the BRA board - Boston Business Journal

    Mayor Walsh is naming Ted Landsmark to the BRA boardBoston Business JournalIn May, the mayor approved a 6-percent cost of living raise for the agency's more than 200 full-time employees. Earlier this month, Walsh released an audit of Boston's controversial planning and development agency. The results revealed a lack of ...Ted Landsmark appointed to...

    July 29, 2014 10:12 AM EDT
  • Boston mayor defends convicted ex-probation boss - Worcester Telegram

    Boston GlobeBoston mayor defends convicted ex-probation bossWorcester TelegramBOSTON — Mayor Martin Walsh on Tuesday came to the defense of former state probation commissioner John O'Brien, who was convicted last week of federal charges that he rigged the department's hiring process to favor politically connected applicants.Mayor Walsh Says Convict...

    July 30, 2014 12:25 PM EDT
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  • Marty Walsh Declares John O'Brien Not Guilty - Boston magazine's Boston Daily (blog)

    Boston GlobeMarty Walsh Declares John O'Brien Not GuiltyBoston magazine's Boston Daily (blog)This is pretty stunning: on his monthly radio appearance with Jim Braude and Margery Eagan on WGBH's Boston Public Radio show, Mayor Marty Walsh said that he thought John O'Brien was not guilty of any crime in the Probation Department patronage trial, ...Bo...

    July 30, 2014 9:49 AM EDT
  • Marty Walsh puts BRA board pick on hold - Boston Herald

    Marty Walsh puts BRA board pick on holdBoston HeraldMayor Martin J. Walsh last night put on hold Theodore Landsmark's appointment to the BRA board until he can get the facts in Landsmark's recent ouster from his 17-year post as president of the Boston Architectural College — a development that caught ...and more »

    July 31, 2014 2:12 AM EDT
  • Mayor Marty Walsh says Boston in 'very good position' for 2024 bid - NBCSports.com

    NBCSports.comMayor Marty Walsh says Boston in 'very good position' for 2024 bidNBCSports.com“I'm not going to mortgage the future of the city of Boston for an Olympic bid, there's no question about it,” Walsh said. “It's a very interesting idea, a very interesting proposal. I learned a lot down in Colorado Springs about what's expected of the ...Ma...

    July 29, 2014 4:38 PM EDT
  • City councilors weigh in on Marty Walsh's immigrant kids offer - Boston Herald

    Boston HeraldCity councilors weigh in on Marty Walsh's immigrant kids offerBoston HeraldThree city councilors say they'll be happy to lay out the welcome mat with Mayor Martin J. Walsh if any of the unaccompanied illegal immigrant children streaming over the border show up here, while another councilor reserved judgment. “Boston has been ...and mor...

    July 28, 2014 12:05 AM EDT
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  • Seeking: A Boston Poet Laureate; Deadline extended
    Posted by Frank Conte July 8

    Boston Poet Laureate Application

    Deadline Extended

      

    BOSTON – The Mayor's Office of Tourism, Sports, and Entertainment has extended the deadline for Poet Laureate applications. The new deadline for applications is Wednesday, July 16, at 5:00 p.m.

     

    In April, Mayor Martin J. Walsh launched the search for Boston’s next Poet Laureate and assembled a diverse and distinguished search committee. The 2014 Poet Laureate Search Committee is comprised of nine individuals who contribute in significant ways to City of Boston poetry and literature, and reflect a variety of writing traditions, life experiences, and backgrounds.

     

    The City’s Poet Laureate is tasked with raising the status of poetry in the everyday consciousness of Bostonians, acting as an advocate for poetry, language and the arts, and creating a unique artistic legacy through public readings and civic events. The city’s poet laureate program was established in 2008 to highlight literary arts in Boston and to promote appreciation of poetry to its residents. The Poet Laureate is a ceremonial appointment.

     

    The application can be found on the City of Boston’s website:  

    https://www.cityofboston.gov/images_documents/Poet%20Laureate%20RFP_tcm3-44663.pdf. For further information, call 617-635-1238 or visit  www.cityofboston.gov/arts

     

    Tuesday, July 8, 2014
    Source: Press Office, 617-635-4461
  • (EB SAVINGS BANK) Meridian Bancorp, Inc. Commences Syndicated Community Offering and Announces Preliminary Results of Subscription and Community Offering
    Posted by Frank Conte July 7

    PEABODY, Mass., July 7, 2014 (GLOBE NEWSWIRE) -- Meridian Interstate Bancorp, Inc. (the "Company") (Nasdaq:EBSB), the holding company for East Boston Savings Bank, announced today that Meridian Bancorp, Inc., a newly formed corporation ("New Meridian") that is the proposed successor holding company for East Boston Savings Bank, is commencing on July 7, 2014, the syndicated community offering portion of the stock offering it is conducting in connection with the Company's previously announced plans to become a fully public company.


    On a preliminary basis, approximately 27,224,000 shares ($272.2 million) were subscribed for in the subscription and community offering. The total number of subscriptions assumes 1,361,200 shares are subscribed for by the East Boston Savings Bank Employee Stock Ownership Plan. The final Employee Stock Ownership Plan subscription will be 5% of the total number of shares sold. The number of shares available for sale in the syndicated community offering will be reduced by the number of shares sold in the subscription and community offering.


    Sterne, Agee & Leach, Inc. is acting as sole book-running manager for the syndicated community offering. The syndicated community offering will be conducted on a best efforts basis and Sterne, Agee & Leach, Inc. is not required to purchase any shares of common stock in the syndicated community offering.


    The terms and conditions of the syndicated community offering are more fully set forth in New Meridian's prospectus dated May 9, 2014, as supplemented June 24, 2014 and July 7, 2014.

     

    The offering is made only by the prospectus, as supplemented, and shares may only be subscribed for using the order forms provided by New Meridian. The syndicated community offering may be terminated at any time in the Company's sole discretion and is subject to the Company's right to accept or reject, in whole or in part, orders received in the syndicated community offering.

     

    Orders received in the subscription and community offering will be maintained by New Meridian, with interest on subscribers' funds continuing to accrue until completion of the conversion. All eligible subscribers and community members who properly completed and timely submitted a stock order form and full payment will have their orders filled in accordance with the terms of the Plan of Conversion.

     

     

    The completion of the conversion and offering is subject to selling a minimum of 23,375,000 shares in the offering and the receipt of all final regulatory approvals.

    Certain statements contained herein are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks and uncertainties, including, but not limited to: the failure to obtain the approval of the Massachusetts Commissioner of Banks for the proposed conversion and related stock offering, delays in obtaining such approval, or adverse conditions imposed in connection with such approvals; difficulties in selling the common stock or in selling the common stock within the expected time frame, those related to the real estate and economic environment, particularly in the market areas in which the Company operates; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company's filings with the Securities and Exchange Commission.

     

    The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions, which may be made to any forward looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

     

    A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission. This press release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer will be made only by means of the written prospectus forming part of the registration statement (and, in the case of the subscription and community offering, an accompanying stock order form).

    The shares of common stock are not savings accounts or savings deposits, may lose value and are not insured by the Federal Deposit Insurance Corporation, the Depositors Insurance Fund or any other government agency.

Boston Globe

  • Gross Domestic Product, 2nd quarter 2014 (advance estimate); Includes historical revisions

    Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.0 percent in the second quarter of 2014, according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 2.1 percent (revised). ...

    July 30, 2014 4:30 AM EDT
  • Gross Domestic Product by Industry, 1st quarter 2014

    Real gross domestic product (GDP) decreased at an annual rate of 2.9 percent in the first quarter of 2014 after increasing 2.6 percent in the fourth quarter of 2013. Both private services- and goods-producing industries contributed to the decrease, while the government sector increased slightly. Durable-goods manufacturing; wholesale trade; and a...

    July 25, 2014 4:30 AM EDT
  • U.S. International Trade in Goods and Services, May 2014

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total May exports of $195.5 billion and imports of $239.8 billion resulted in a goods and services deficit of $44.4 billion, down from $47.0 billion in April, revised. May exports were $2.0 billion more than April exports of $1...

    July 3, 2014 4:30 AM EDT
  • U.S. International Investment Position, 1st quarter 2014, year 2013, and annual revisions

    The U.S. net international investment position at the end of the first quarter of 2014 was -$5,539.3 billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the fourth quarter of 2013, the net position was -$5,383.0 billion (revised). The $156.3 billion decrease in the net position reflected a $108....

    June 30, 2014 4:30 AM EDT
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  • The Case for Suing the President

    Rewriting ObamaCare laws on the fly is a violation of the constitutionally mandated separation of powers.

    July 30, 2014 3:06 PM EDT
  • So Sue Him

    Forget impeachment. The House lawsuit is the real threat to Obama.

    July 30, 2014 4:43 PM EDT
  • Winds of War, Again

    One wishes Barack Obama and John Kerry more luck in Ukraine and the Middle East than Neville Chamberlain had in Munich.

    July 31, 2014 3:48 AM EDT
  • The 2.1% Expansion

    Not a single year in this recovery has reached the 2.7% or higher annual growth from 2003-2006.

    July 30, 2014 3:16 PM EDT
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