Boston Globe owner threatens to shut newspaper down

The Boston Globe management warned the newspaper’s four unions Sunday that failure to reach a financial concession would force the company to file a notice to shut down, the Guild said in a statement. The notice would allow The New York Times Co., which owns the Massachusetts newspaper, to close it in 60 days, the Globe reported. The Times Co

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BP profits slump by 62 percent

British oil giant BP announced Tuesday that its profits for the first quarter of 2009 have fallen by 62 percent. In a statement on its Web site, BP said its replacement cost profit — an oil industry measure of profitability — was $2.4 billion, compared with $6.2 billion a year ago. The decline was blamed on falling oil prices, which have dropped to around $41 a barrel from July’s record high of $147 a barrel.

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2009 Pulitzer Prizes awarded

The Pulitzer Prize winners for 2009 were announced Monday, with The New York Times capturing five of the awards. The Times garnered wins in the categories of breaking news reporting, investigative reporting, international reporting, criticism and feature photography. In the arts, “Olive Kitteridge” by Elizabeth Strout won for fiction, “Slavery by Another Name: The Re-Enslavement of Black Americans from the Civil War to World War II” by Douglas A

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Obama: Don’t fear the future

President Obama can’t assure that the economy will bounce back this year, but he says he will "get all the pillars in place for recovery this year." Obama made the pledge in a 35-minute interview — largely focused on the economy and the war in Afghanistan — with The New York Times aboard Air Force One on Friday, according to a story published Saturday.

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