East Boston News

  • ObamaCare rulings could create disadvantages for Mass. businesses

    Health care experts are warning about the potential impact of two conflicting federal appeals court decisions focused on President Barack Obama’s health care law as state officials grapple with the contrasting rulings. Issued on Tuesday, the rulings dispute whether or not the government could subsidize health insurance premiums in three-dozen stat...

    July 22, 2014 9:47 PM EDT
  • Rockport National shareholders approve merger with Institution for Savings

    Rockport National Bancorp Inc. shareholders have approved the proposed merger with the Institution for Savings of Newburyport, and the banks say they expect to close the deal earlier than originally expected. In April, the Institution for Savings announced that it would lay out more than $28 million in cash to acquire Rockport, the parent of Rockp...

    July 22, 2014 9:41 PM EDT
  • Here's why GateHouse Media's parent is paying $46M for The Providence Journal

    So the rumors turned out to be true: GateHouse Media — or, technically, parent company New Media Investment Group — confirmed this afternoon that it’s buying The Providence Journal. The Journal diverges from the standard acquisition strategy at New Media and its corporate predecessor, GateHouse. They have largely steered clear of the major metro p...

    July 22, 2014 8:06 PM EDT
  • Cancellation of flights to and from Israel's Ben Gurion airport will hit some Logan travelers

    The Federal Aviation Administration's extraordinary order today that U.S. carriers cease flights to and from Israel's Ben Gurion International Airport in Tel Aviv will affect a number of passengers who normally would pass through Logan International Airport heading to, or returning from, Israel, an official said today. Carriers that run flights be...

    July 22, 2014 5:36 PM EDT
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  • Marty Walsh is Boston's Mayor, Right? Maybe It's Time to Update Some Signs - Boston.com

    IrishCentralMarty Walsh is Boston's Mayor, Right? Maybe It's Time to Update Some SignsBoston.comIt's been more than six months since Martin J. Walsh was inaugurated as Boston's mayor, but some signs around Boston still bear the name of Walsh's predecessor, Thomas M. Menino, who retired after 20 years as mayor. You can see Menino's name on the ...Bo...

    July 21, 2014 12:37 PM EDT
  • Mayor Walsh issues statement about parking apps the day of Haystack's Boston ... - BetaBoston

    BetaBostonMayor Walsh issues statement about parking apps the day of Haystack's Boston ...BetaBostonHaystack, an app that allows users to hand off parking spaces that they occupy for a $3 fee, planned its launch today in Boston despite the fact that the City of Boston is none too pleased that the company is selling a good that they don't actually o...

    July 15, 2014 4:25 PM EDT
  • Mayor likes idea of Olympics, but worries about cost to city - Boston Globe

    Boston HeraldMayor likes idea of Olympics, but worries about cost to cityBoston GlobeIf I were one of the downtown power brokers pushing Boston's bid for the 2024 Summer Olympics, I might be a little worried about Mayor Marty Walsh. In an interview last week, Walsh seemed interested but wary, curious but not fully invested. He believes ...Mayor Wal...

    July 15, 2014 2:48 AM EDT
  • Mayor Walsh plans return to Irish roots - Boston Globe

    Boston GlobeMayor Walsh plans return to Irish rootsBoston GlobeThis sometimes gets lost in translation, but Walsh is the first mayor of Boston to grow up in a house where his parents' native language was not English. That explains, in part, where his natural sympathies lie, and why he did better in minority ...Boston's Beacon Hill to get handicappe...

    July 20, 2014 1:42 AM EDT
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  • Marty Walsh is Boston's Mayor, Right? Maybe It's Time to Update Some Signs - Boston.com

    IrishCentralMarty Walsh is Boston's Mayor, Right? Maybe It's Time to Update Some SignsBoston.comIt's been more than six months since Martin J. Walsh was inaugurated as Boston's mayor, but some signs around Boston still bear the name of Walsh's predecessor, Thomas M. Menino, who retired after 20 years as mayor. You can see Menino's name on the ...Bo...

    July 21, 2014 12:37 PM EDT
  • Mayor likes idea of Olympics, but worries about cost to city - Boston Globe

    Boston HeraldMayor likes idea of Olympics, but worries about cost to cityBoston GlobeIf I were one of the downtown power brokers pushing Boston's bid for the 2024 Summer Olympics, I might be a little worried about Mayor Marty Walsh. In an interview last week, Walsh seemed interested but wary, curious but not fully invested. He believes ...Inaugural...

    July 15, 2014 2:48 AM EDT
  • Mayor Walsh plans return to Irish roots - Boston Globe

    Boston GlobeMayor Walsh plans return to Irish rootsBoston GlobeMarty Walsh, the mayor, grew up in Savin Hill, a neighborhood thick with immigrants, where most people measure their residence in the city by years or months. Walsh's parents, John and Mary Walsh, left the rocky, russet land of Connemara, in the west ...and more »

    July 20, 2014 1:42 AM EDT
  • Marty Walsh mulls his next hand - Boston Herald

    Boston HeraldMarty Walsh mulls his next handBoston HeraldA frustrated Mayor Martin J. Walsh yesterday didn't rule out suing the Massachusetts Gaming Commission after it denied his request to delay awarding the coveted Greater Boston casino license until after a November vote on a possible repeal of the ...Boston's casino talks now head to arbitrati...

    July 3, 2014 4:55 PM 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

  • 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
  • Travel and Tourism Satellite Accounts, 1st quarter 2014

    Real spending on travel and tourism turned down in the first quarter of 2014, decreasing at an annual rate of 1.0 percent after increasing 4.5 percent (revised) in the fourth quarter of 2013. Growth in real gross domestic product (GDP) also experienced a downturn, decreasing 2.9 percent (third estimate) in the first quarter after increasing 2.6 per...

    June 27, 2014 4:30 AM EDT
  • Personal Income and Outlays, May 2014

    Personal income increased $58.8 billion, or 0.4 percent, and disposable personal income (DPI) increased $55.6 billion, or 0.4 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $18.3 billion, or 0.2 percent. In April, personal income increased $49.9 billion, or 0.3 percent, DPI increas...

    June 26, 2014 4:30 AM EDT
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