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According to Cambridge purchasing agent Cynthia H. Griffin, Muckey’s—which runs newsstands under the name Patriot News Inc.—will continue to operate the space as a newsstand...
...Monday the U.S. district attorney's office in Central Islip, N.Y., arrested Nicholas Cosmo, founder and owner of Agape World Inc. and Agape Merchant Advance LLC in Hauppauge, N.Y., charging him with a $370 million mail fraud. Agape claims it has been in the business of providing private bridge loans to commercial real estate companies and builders. The Feds don't seem to agree...
...This duality is the strength and weakness of the magazine, which back in the '70s sold up to 7 million copies a month but has been losing money for years. In the third quarter of 2008 alone, the publishing sector of Playboy Enterprises Inc. lost $1.3 million. While Playboy is still the best-selling men's magazine (circ. 2.6 million), its market share has been eaten away by lad mags like FHM and Maxim. The publication is kept alive because apart from its historical importance to the Playboy brand, it is said to be much beloved by Hefner...
Sixteenth century Brits sure knew how to have a good time. Their holiday “partying” traditions are showcased in “The Christmas Revels,” an annual show by production company Revels, Inc., with this year’s theme inspired by Thomas Hardy’s novels and set in Wessex, England. Playing at Sanders Theatre through Dec. 30, “Revels” includes everything from clogging to caroling to serpent playing (the serpent being a snake shaped, British musical instrument of yore). Though jaunty and lighthearted throughout, the show...
Richard Parsons is the new face of the struggling, bailout-needy Citigroup. The former CEO of Time Warner Inc. (TIME's parent company) became Citi's Chairman just days after the company announced an $8.3 billion fourth-quarter loss - its fifth quarterly loss in a row - and revealed that it would separate its retail banking business from the risky assets dragging it down. Citi may be taking on water faster than it can dump it out, but Parsons is no stranger to financial struggle. When he took over AOL Time Warner in 2003, the media conglomerate was $27 billion...