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Apple to reveal decision on use of cash hoard

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Apple shares headed for another all-time high Monday ahead of an announcement about what the company plans to do with its enormous pile of cash.

apple.In this July 21, 2011 file photo, a window washer works atop the cube-like structure of glass that houses the Apple Store showroom in the Upper West Side of Manhattan. Apple Inc. said it will announce the outcome of its internal discussion concerning its enormous cash balance on Monday morning, March 19, 2012. (AP Photo/Craig Ruttle, File)

NEW YORK — Apple shares headed for another all-time high Monday ahead of an announcement about what the company plans to do with its enormous pile of cash.

Apple said late Sunday that CEO Tim Cook would make an announcement before the market opens Monday. Shares jumped 3 percent in electronic trading, which put them on pace to break the $600 per-share barrier once again.

Apple is the world's most valuable publicly traded company, with a market capitalization of $545 billion.

Analysts believe the lack of a dividend or other use for the cash has held down Apple's share price. They expect Apple to institute a dividend.

Apple can easily afford one, since it had $97.6 billion in cash and securities at the end of last year. That would be enough for a $100 one-time dividend for every shareholder, but analysts expect the company to institute a modest recurring dividend.

A dividend would reward shareholders and open ownership of Apple shares to a wider range of funds. Many "value-oriented" funds are not allowed to buy stocks that don't pay dividends.

Chief Financial Officer Peter Oppenheimer said in January that the board was in "active" discussions on ways to use the cash. Former Apple CEO Steve Jobs, haunted by lean years in the mid-1990s, was hesitant to part with the cash. Jobs died in October.

Apple's stock has risen 37 percent since Jan. 24, when Oppenheimer first spoke of potential plans for the cash hoard, which has closed much of the gap between analyst price targets and the actual stock price. In February, Apple shares broke the $500 level for the first time. Last week, they briefly rose above $600.

Shares of Apple Inc., based in Cupertino, Calif., rose $16.54 to $602.11 in premarket trading.

UPDATE: Apple to pay dividend, start stock buybacks


Confident Mitt Romney calls for unity, looks to Illinois (Video)

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Mitt Romney's increasingly confident campaign is intensifying calls — publicly and privately — for his Republican opponents to concede defeat in the presidential nomination battle, even before Illinois voters have their say Tuesday in the campaign's next big contest.

romney and a babyRepublican presidential candidate former Massachusetts Gov. Mitt Romney, right, lifts 8-month-old Gavin Woodford, of Rockford, Ill., left, during a campaign stop in Rockford, Sunday, March 18, 2012. (AP Photo/Steven Senne)

BY STEVE PEOPLES, Associated Press

VERNON HILLS, Ill. (AP) — Mitt Romney's increasingly confident campaign is intensifying calls — publicly and privately — for his Republican opponents to concede defeat in the presidential nomination battle, even before Illinois voters have their say Tuesday in the campaign's next big contest.

Romney extended his delegate lead Sunday in Puerto Rico, where he trounced rival Rick Santorum and scored all 20 of the Caribbean island's delegates. Romney has collected more delegates than his opponents combined and is poised to win the delegate battle in Illinois, even if he loses the popular vote, thanks to missteps by Santorum's shoestring operation.

Romney's wife, Ann, declared Sunday night in suburban Illinois that the time has come for her husband's rivals to quit the race.

"We need to send a message that it's time to coalesce," she said, Mitt at her side. "It's time to get behind one candidate and get the job done so we can move on to the next challenge, bringing us one step closer to defeating Barack Obama."

Brushing aside skepticism from the party's right flank, Romney aides have been emphasizing their overwhelming mathematical advantage in the race to 1,144 delegates — the number needed to clinch the GOP presidential nomination and face President Barack Obama in the fall.

Santorum has all but conceded he cannot earn enough delegates to win, but claimed he was in contest for the long haul because Romney is a weak front-runner.

He said Monday that he'll "go out and compete in every state, calling Illinois a "two-person race."

"What I've said is, I think it's going to be very difficult as this goes on for anybody to get that magic number" to clinch the nomination, Santorum said in an interview on CBS's "This Morning."


(Video from CBSNews.com)

He called Romney a "big-government heavyweight," responding on MSNBC Monday to the Massachusetts governor's assertion that he couldn't match up on economic expertise. Santorum told CBS he thinks the chances of a brokered GOP convention in August "are increasing."

In nationally broadcast remarks Sunday, Santorum sidestepped when asked if he would fight Romney on the convention floor if he failed before August to stop the former Massachusetts governor from getting the required number of delegates.

Romney aides privately likened the situation to the Black Knight in "Monty Python and the Holy Grail" who loses his arms and legs in battle with King Arthur but insists he has only a flesh wound. The Romney camp suggested that Tuesday's performance would extend Romney's delegate advantage, even if he loses the popular vote.


(Video from YouTube.com)

Santorum cannot win at least 10 of the state's 54 delegates because his campaign failed to file the paperwork.

One Romney aide recently said it would take "an act of God" for Santorum to earn enough delegates to prevail.

"Mitt's going to do well," said Romney's Illinois chairman Dan Rutherford, the state treasurer. "I think he will do better than the other three people. ... But my focus is on the delegates because that's really what the game is all about."

Polls suggest the Illinois race is close. And even at a Romney campaign stop Sunday, voters were divided.

"I'm leaning toward Santorum, but I wanted to hear him in person," said Nichole Warren, a 32-year-old stay-at-home mom from nearby South Beloit. "I hear (Romney) talk and I hear a lot of Obama in him, and that scares me."

But Sid Haffenden, a 61-year-old retired toll-way worker, said, "Santorum has too much baggage." He added, "I want a businessman."

Santorum is not giving up. He will spend Monday and Tuesday courting Illinois voters. Santorum plans to host four rallies Monday.

While offering a confident front, Romney cut short campaign plans in Puerto Rico over the weekend to spend more time in the state. He arrived Saturday night and plans to stay in the state through Tuesday night.

At this rate, Romney is on pace to capture the nomination in June unless Santorum or former House Speaker Newt Gingrich is able to win decisively in the coming contests.

Both have said they would stay in the race and perhaps force the nomination to a fight at the GOP's convention in Tampa if Romney doesn't amass enough delegates to arrive with a mandate. That would turn the convention into an intra-party brawl for the first time since 1976.

Including Puerto Rico's results, Romney has now collected 521 delegates, compared to Santorum's 253, Gingrich's 136 and Paul's 50, according to The Associated Press count.

Berkshire County teen accused of stealing school bus for joyride

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Police are unsure how the suspect got access to the bus or when it was taken.

ADAMS — A Berkshire County teenager is facing charges after allegedly stealing a school bus and taking it for a joyride around the region.

The 17-year-old youth is scheduled to be arraigned Monday in North Berkshire District Court on charges of larceny of a motor vehicle and receiving stolen property. He has been held in the Adams Police Department since being arrested late Sunday afternoon.

His name was not made public.

Police are unsure how the suspect got access to the bus or when it was taken.

The Transcript of North Adams reports that the bus belongs to Dufour Inc. of Hinsdale. It was not damaged.

The joyride ended around 5:30 p.m. Sunday when Adams police pulled the bus over and officers arrested the driver without incident.

5-year-old girl injured after falling from 2nd-floor window of Franklin County apartment

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The incident happened at 76 Second St. in the Turners Falls section of Montague, according to Montague Police Chief Christopher Williams.

MONTAGUE – The state Department of Children and Families is investigating an incident in which a young child was seriously injured after falling from a second-floor apartment window late Sunday afternoon, Montague Police Chief Christopher Williams said.

"There aren't any charges at this time, but DCF is investigating," Williams said Monday.

The child's parents or guardians were not publicly identified.

The five-year-old girl was playing near an open window at 76 Second St. in the Turners Falls section of town at about 6 p.m. Sunday when she plunged to the ground below, Williams said.

The girl, who was not identified, sustained injuries to her head an legs and was taken to Baystate Medical Center in Springfield for treatment. An update on her condition was unavailable this morning, but her injuries were not believed to be life-threatening, Williams said.

She was playing with a sibling when she fell from the window and landed in a parking lot at the rear of the apartment building, police said.


THE MAP BELOW shows the approximate location of a Second Street apartment building where a 5-year-old girl was injured after falling from a second-floor window:


View Larger Map

Apple to pay dividend, start stock buybacks

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Apple said it will pay a quarterly dividend of $2.65 per share, starting in its fiscal fourth quarter, which begins July 1.

apple-dividends.jpgIn this Oct. 4, 2011 file photo, Apple CEO Tim Cook gestures during the introduction of the iPhone 4S, at Apple headquarters in Cupertino, Calif. Apple Inc. is finally using its $98 billion pile of cash to reward shareholders, saying it's instituting both a dividend and share buyback program.

NEW YORK (AP) — Apple Inc. is finally using its $98 billion cash hoard to reward shareholders, saying it's instituting both a dividend and share buyback program.

Investors' expectation that Apple would soon declare a dividend has already bolstered the stock of the world's most valuable company, driving its market capitalization to about $546 billion.

Apple said Monday that it will pay a quarterly dividend of $2.65 per share, starting in its fiscal fourth quarter, which begins July 1.

The dividend works out to $10.60 annually, or 1.8 percent of the current stock price. That annual yield — how much the company pays out in dividends compared to its stock price — is below that of other big technology companies like Microsoft Corp., currently at 2.5 percent, and Hewlett-Packard Co., at 2 percent.

A $10 billion share buyback program will begin next fiscal year, which starts Sept. 30, and run for three years.

Apple is sitting on $97.6 billion in cash and securities. For years, it has resisted calls to reward shareholders with some of that money. Since the death of CEO Steve Jobs, management has signaled that it's been considering options for the money.

Apple has been using cash for its business, for instance by investing in long-term supply contracts for crucial components. Cook said the dividend and buyback won't prevent it from important investments in the future.

"These decisions will not close any doors for us," he told analysts and reporters on a conference call Monday morning.

The dividend will cost Apple about $10 billion annually. That's less than the cash the company generates, so its cash levels will continue to grow, but at a slower rate.

Apple generated $31 billion in cash in the fiscal year that ended in September.

Apple shares have risen 37 percent since Oppenheimer said on Jan. 24 that Apple's board was in "active" discussions about the use of cash. In premarket trading, the shares rose $10.08, or 1.7 percent, from Friday's close to $595.65. Just before the announcement, the shares were above $600.

The dividend opens up ownership of Apple shares to a wider range of funds. Many "value-oriented" funds are not allowed to buy stocks that don't pay dividends.

Buybacks are a popular alternative to dividends, since they reduce the number of shares outstanding. That means every remaining investor has title to a larger share of the company.

Cook said the main point of Apple's buyback is to offset the shares issued to reward the Cupertino, Calif., company's employees.

The dividend and buyback announcement comes three days after the launch of Apple's latest iPad tablet in the U.S. and nine other countries.

Kids found with throats slashed in Salem apartment blaze; mom charged

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A Massachusetts mother has been charged with attempted murder after firefighters responding to a blaze at her apartment found her two young children with their throats slashed.

SALEM — A Massachusetts mother has been charged with attempted murder after firefighters responding to a blaze at her apartment found her two young children with their throats slashed.

The Essex district attorney's office said in a statement that 25-year-old Tanicia Goodwin is expected to be arraigned Monday in Salem District Court on two counts of assault with intent to murder, two counts assault and battery with a dangerous weapon and arson.

Authorities say the children ages 3 and 8 were flown to a Boston Hospital in critical condition after they were discovered at about 9 p.m. Sunday.

Several other apartments in the building were evacuated.

Authorities did not say what prompted the situation. It was not clear if Goodwin had a lawyer.

GOP voters' passion uneven for Mitt Romney, Rick Santorum

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The candidates are struggling to consistently spark the intensity that could separate him from the pack.

031912romney.jpgRepublican presidential candidate, former Massachusetts Gov. Mitt Romney, right, addresses an audience from a wood wagon as his wife Ann, left, listens during a campaign stop in Rockford, Ill., Sunday, March 18, 2012.

WASHINGTON (AP) — Mitt Romney may lead in delegates and Rick Santorum might have momentum, but neither of the two leading Republican presidential candidates is having an easy time exciting even his own voters.

Out of a dozen states where voters in the GOP contest have been polled, most Romney voters have said they strongly favor him in just five of them. A majority of Santorum voters felt that committed to him only four times out of 11 states where he was on the ballot and voters were surveyed.

Each man is struggling to consistently spark the intensity that could separate him from the pack.

Consider that Arizona is the only state where Romney had a higher proportion of voters expressing strong feelings about him than his rivals did. And Santorum hasn't had that edge in any state yet, despite an animated campaign style and passion for hot-button social issues like contraception that have contrasted with Romney's stiffer, more analytic manner.

On average, 50 percent of Romney voters and 49 percent of Santorum's say they strongly favor their candidate, with the rest expressing reservations about their man or a greater dislike for his rivals, according to entrance and exit polls of voters in 12 states.


When it comes to winning fervent devotion from his own supporters, both men trail former House Speaker Newt Gingrich and Texas Rep. Ron Paul. Those two GOP presidential campaigns are lagging but 58 percent of Gingrich's backers and 53 percent of Paul's, on average, say they strongly favor their candidate. Analysts say higher percentages of devoted supporters are common with candidates whose lesser backing leaves them with only the most committed followers.

Republican operatives express concern about Romney and Santorum. They say the figures raise questions about how quickly the GOP will be able to end its drawn-out slugfest and begin generating voter enthusiasm for a nominee to challenge President Barack Obama in November.

"At this point in the game, you should be drawing the troops toward you. The intensity about you should be pretty strong," said Mike McKenna, a Republican consultant not working for any of the contenders.

Political professionals generally consider intensity of support a key ingredient to a winning campaign. Such enthusiasm can help pave the way for everything from yard signs to campaign contributions to voters who show up on Election Day.

"Motivation is the name of the game in trying to get people to the polls," said Josh Putnam, a political scientist at Davidson University. "It makes campaigns' work easier if they can bank some votes, so to speak."

Though Romney and Santorum attract similar amounts of passion, there are different reasons why many of their voters are tepid, the polls show. For Romney, the chief explanation seems to be doubts about his empathy.

Among Romney's staunchest supporters, 80 percent say the former Massachusetts governor and Bain Capital executive understands average Americans better than the other candidates, the combined surveys show. That figure falls to just 44 percent among those who support him more tenuously.

Opponents of the wealthy Romney have at times derided him as being out of touch with typical voters, an image fed by remarks like saying his wife owns two Cadillacs.

Questions about Romney's credentials as a conservative also seem a liability. While hardly any of his most committed voters say he's not conservative enough, around 2 in 10 of his less passionate voters say so.

For Santorum, his intensity of support falls off among voters who are less religious and more moderate.

While 63 percent of his strong backers say sharing religious beliefs with a candidate is very important, just 35 percent of his less loyal voters say so, the combined polls show. Santorum voters who ardently back him are also significantly likelier than his less committed supporters to favor making abortion completely illegal, to be born-again or evangelical Christians, or to be tea party backers.

"I also have conservative values," said Patricia Moran, 71, of Pensacola, Fla., who said in an Associated Press-GfK poll last month that she backs Santorum with qualms. "But his whole women's issues and contraceptives thing has diminished my enthusiasm for him."

Santorum has said contraceptives conflict with his Catholic beliefs and states should be free to ban them.

Romney campaign pollster Neil Newhouse says that while Romney voters may not all exhibit fervor, they are attracted by more important qualities.

"His ability and focus on fixing the economy and his perceived ability to beat Barack Obama really overwhelm everything else in the data," Newhouse said.

Hogan Gidley, Santorum's communications director, said he didn't believe the polling data and contrasted its findings with the excitement he said he sees at the candidate's campaign events.

"Even if I believed that, what does that say about Mitt Romney," who has had the advantages of running for president longer and far outspending his rivals, Gidley said. "It says a whole lot more about Mitt Romney's supporters than ours."

Echoing Gidley's views about Santorum's supporters was Gary Gilpin, a computer consultant from Arlington Heights, Ill., who plans to vote for the Pennsylvanian in Tuesday's Illinois primary.

"Romney is not going to have the heart and soul of the Republican Party behind him the way Rick Santorum will," Gilpin said.

Some Republicans expressed surprise that Santorum's support wasn't more passionate than Romney's, attributing it in part to the lesser familiarity that many voters have with him.

Several said it probably also reflected a desire by many Republicans to find a contender who can oust Obama. In the exit polls, Romney dominates among voters seeking that quality in a candidate.

"Santorum has become the vehicle to register your rejection of Romney," said Matt Mackowiak, a GOP consultant who had worked for one-time GOP presidential candidate Rick Perry. "But a lot of folks don't think necessarily that Santorum can either win the nomination or beat Obama."

Romney supporters say their candidate's focus on the economy accounts for the tempered enthusiasm of his supporters.

"He's not the guy who uses red hot rhetoric," said Sen. Robert Portman, R-Ohio, who has campaigned with Romney. "He's a thoughtful conservative who wants to roll up his sleeves and fix our problems. That may lead to less enthusiasm in some of the primaries, but I think it will serve him really well in the general" election.

The data comes from surveys of voters conducted for The Associated Press and the television networks by Edison Research in 12 states that have held GOP primaries or caucuses: Alabama, Arizona, Georgia, Iowa, Massachusetts, Michigan, Mississippi, Ohio, Oklahoma, Tennessee, Vermont and Virginia.

Exit and entrance polls in those states included interviews with 13,705 Republican primary voters.

Weekend top stories: Springfield payroll database, Massachusetts medical board removes embarrassing records, and more

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The 5 most-read stories on MassLive.com on Saturday and Sunday.

Gallery preview

These were the most read stories on MassLive.com on Saturday and Sunday.

If you missed any of them, click on the links below to read them now

1) Springfield payroll: What do city officials make?
Springfield spent $286,905,043 on city employees last year, with police, finance officials and Springfield's superintendent earning the most of the 6,427 people the city paid, according to a city payroll database.

2) Investigation: Massachusetts medical board omits, removes thousands of embarrassing records from physician database
Among the cases unavailable to the public: a $2 million malpractice judgment against a physician whose negligence led to the death of a 22-year-old basketball player; the recent indecent assault conviction of a Methuen doctor; and a $24 million malpractice award against an obstetrician who caused irreversible brain damage to an infant girl during a delivery at Massachusetts General Hospital.

3) City man arrested after alleged rake assault at Forest Park in Springfield
Police said the victim was a trial court community service program employee who was on a work assignment in Forest Park.

4) Free condoms for Springfield students 12 and over gets initial approval by School Committee
Under the draft policy, parents “will be notified of condom availability in the schools and will have the opportunity to deny permission (opt out) for access to condoms for their student(s).”

5) Top 200 finishers, division winners of Holyoke St. Patrick's Road Race
The 10K race drew a record field of 6,005 finishers.


Top 5 political zingers from South Boston's St. Patrick's Day breakfast (Video)

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Massachusetts politicians poked fun at each other and themselves at Sunday morning's annual St. Patrick's Day breakfast in Boston.

elizabeth warrenElizabeth Warren, left, holds up a poster of herself as Sen. Scott Brown, R-Mass., right, looks on during the annual St. Patrick's Day Breakfast in Boston, Sunday, March 18, 2012. Warren, a Harvard professor and consumer advocate, is running against Brown who once posed for a centerfold in Cosmopolitan magazine. (AP Photo/Michael Dwyer)

Massachusetts politicians poked fun at each other and themselves at Sunday morning's annual St. Patrick's Day breakfast in South Boston.

The breakfast, which The Boston Herald characterizes as a political roast, gives the state's representatives a chance to show their comedic sides as they occupy otherwise serious roles in state and U.S. government.

Here are five top zingers from the breakfast:

Lieutenant Governor Timothy Murray shows up in racing gear, jokes about November car crash

(Video from NECN.com)

Lieutenant Governor Timothy Murray took to the stage of the breakfast in racing gear and a helmet while carrying a tray of coffees, the Associated Press reported.

In November, Murray was involved in an early morning car crash that totaled a state-issued vehicle, the AP reported. He said he was out looking at storm damage and getting coffee, and reports show he was driving in excess of 100 mph, according to the AP.

Though Murray joked he had to be in Holyoke for the city's annual St. Patrick's Parade in 15 minutes, the AP reported, he also told the crowd not to be concerned.

"I don't want anyone to worry about it because this morning as acting governor, I signed an executive order raising the speed limit to 108 miles an hour," Murray said in a video clip of the breakfast from NECN.com.

Congressional candidate Joseph P. Kennedy III laughs at self in top 10 list

(Video from NECN.com)

Congressional candidate Joseph P. Kennedy III read a top 10 list (check out the above video about two minutes in) "of issues that I've heard as I've gone across the campaign trail," according to a video clip from NECN.com.

Some highlights of the list from NECN.com:

6. I didn't know Conan O'Brien was running for office. 5. Joe, you put my daughter's boyfriend in jail. You got my vote. 4. Joe, I just read that Chelsea Clinton got a job at NBC News. I hate it when people try to take advantage of their family name, don't you?

Politicians poke fun at Gov. Deval Patrick as he vacations in the Virgin Islands

Though Gov. Deval Patrick wasn't at the annual breakfast, his fellow Massachusetts politicians were sure to get in a number of jokes at his expense.

In one taped segment (seen above in the first NECN.com video), State Senator Jack Hart goes on a trek to find the "missing" governor only to discover Patrick's been at a bar in South Boston.

scott brown, st patricks 2012Sen Scott Brown, R-Mass., holds up a poster of himself while speaking at the annual St. Patrick's Day Breakfast in Boston, Sunday, March 18, 2012. (AP Photo/Michael Dwyer)

U.S. Senator Scott Brown, R-Mass., cracked a joke about his nude modeling in Cosmopolitan magazine, saying in an NECN.com clip "I am actually pleased, Jack, that you brought the centerfold. I was wondering do you still have that on your screen saver or did you give it to Stevie?"

Bown also took a swipe at Democratic challenger Elizabeth Warren, telling the Harvard Law School professor, "I hope you didn't get lost leaving Cambridge again today."

Elizabeth Warren fires back at Scott Brown

Brown's Democratic challenger for his U.S. Senate seat fired back saying in an NECN.com clip, "One day, Scott Brown is the centerfold for Cosmo, the next day he's the poster boy for Goldman Sachs."

She also joked in the clip that she "too was once a centerfold in the only magazine that would have me, Consumer Reports."

Have you seen any good clips from the St. Patrick's Day breakfast? Send us a link in the comments below, and we'll try to weave it into this post.

9-year-old boy summoned to jury duty in Yarmouth, Mass.

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The boy's grandmother told him it was a good excuse to miss a day of school.

YARMOUTH — Like many people who get summoned to jury duty, Jacob Clark didn't want to go.

But unlike most people, he had a legitimate excuse — he's 9 years old.

"I was like, 'What's a jury duty?'" Jacob told the Cape Cod Times in response to his summons to appear in Orleans District Court in Massachusetts on April 18.

His grandmother told him it was a good excuse to miss a day of school.

His dad called the jury commission office to find out what happened. It turns out that someone apparently had typed 1982 for the Yarmouth third-grader's birth year instead of 2002.

The mistake was quickly corrected.

Massachusetts Jury Commissioner Pamela Wood says a child gets called for jury duty once or twice a year.

Holyoke St. Patrick's Parade Committee names winners in music categories

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The Central High School ROTC Unit took top honors in the category of "Best Marching Contingent."

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The music committee of the Holyoke St. Patrick's Parade Committee announced the following winners -- selected by a variety of judges -- Sunday:

  • Best Marching Contingent: Central High School ROTC Unit
  • Most Outstanding Unit in the Line of March: Mass. State Troopers – Marching and Pipe/Drum
  • Best Brass Band: Boston City Band
  • Best String Band: Aqua
  • Best String Band Captain: Aqua
  • Best Drum and Bugle Corps: 7th Regiment Drum and Bugle Corps, CT / Fusion Core Drum and Bugle, NJ (tie)
  • Best Drum and Bugle Flag Corps: Excelsior Drum and Bugle Corps – NY
  • Best Pipe Band: Quobog Highlanders
  • Best High School Marching Band: Belchertown HS Band
  • Best High School Marching Band Flag Corp: Agawam High School
  • Best High School Majorette or Major: Agawam High School Bataan Twirler
  • Best Band Major: Holyoke Caledonian Pipe

Peyton Manning to join the Denver Broncos; team will now look to trade Tim Tebow

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ESPN's John Clayton previously said the Patriots would be interested in acquiring Tebow if he became available.

peyton manning.jpgManning will become Denver's next quarterback.

Peyton Manning has selected the Denver Broncos as his next team and informed his agent, Tom Condon, to begin negotiations on Monday, according to ESPN's Chris Mortensen and Adam Schefter.

This brings an end to the great rivalry the Patriots shared with Manning while he was in Indianapolis, though the Broncos will visit Gillette Stadium in 2012. He was released by the Colts on March 7.

The ESPN report also says that the Broncos will now attempt to trade quarterback Tim Tebow. Another ESPN analyst, John Clayton, previously stated that the Patriots would be interested in acquiring Tebow if he became available.

"Here's an interesting proposition, just a rumor. Let's say you have Manning going to Denver," Clayton said on ESPN Radio. "Tim Tebow is probably going to be traded. He's not going to Jacksonville, they've already got Chad Henne. New England. You trade him to New England and groom him to be kind of a role player, and then you trade Ryan Mallett in some way. It's just a rumor."

It could be a scenario that interests both parties. New England's offensive coordinator, Josh McDaniels, drafted Tebow while serving as head coach of the Broncos, and the two developed a strong bond.

Tebow also made a pre-draft visit to New England where he left a strong impression on coach Bill Belichick.

"We brought Tim in and spent a whole day with him here in addition to our other interactions with him," Belichick said last December. "He's an impressive young man. He had great success in college. I think all his attributes are pretty well-documented. He's a strong guy, smart, works hard, a great leader, great football character. He made a lot of big plays for Florida and won two national championships."

"It was a great opportunity to get to know a great coach," Tebow said. "Just to be around coach Belichick and all the great coaches there in New England, I felt like it was a great opportunity to try to learn. So I tried to take as much as I possibly could and learn from a great coach -- one of the best to coach. It was a phenomenal opportunity for me, and I'm very grateful they were even that interested in me."

If Tebow were to land in New England, he could learn behind Tom Brady while using his athleticism to play multiple positions on offense. He could, theoretically, serve as a halfback or tight end. His presence would also allow the team to install some elements of the Wildcat to their offense.

Business Monday from The Republican, March 19, 2012: Who is hiring in the Pioneer Valley?

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Start the week informed with Business Monday from The Republican.

Holyoke , 3/15/12, Staff Photo by John Suchocki - Career Point Executive director David C. Gadaire speaks with HR Generalist Kristen Pospolita from McNair packaging of Westfield on the interview process they were conducting.

Start the week informed with Business Monday from The Republican:

Pioneer Valley companies are hiring, MassLive hosts job fair, but employment data disappoints

Though employers in the Pioneer Valley are hiring, the unemployment rate for Springfield in was 12.5 percent in January, according to the Bureau of Labor Statistics.

But that number is lower than the unemployment rate for the city one year ago at this time, which was 13.8 percent. Read more >>

Greenfield potter Tiffany Hilton relocates to new studio in the Arts and Industry Building in Northampton

Potter Tiffany A. Hilton, who recently relocated her studio from Greenfield to Northampton, will be hosting pottery classes for those who want to learn more about the craft. To find out when classes are and for what age groups they're listed, read more. Read more >>

Bradley International Airport sees 4-percent decline in passengers as airlines reduce seat capacity

Bradley International Airport has suffered declines in passenger numbers for three months in a row, including a drop of four percent in January from the same month a year ago. Read more >>

SpfldVsMassUnemployment319.jpg

More Business Monday:

Business notebooks:

Vehicle rollover on Route 9 in Hadley ties up traffic

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Public safety officials released little immediate information about the crash, which involved at least one vehicle and caused traffic delays on both sides of the Calvin Coolidge Bridge linking Hadley and Northampton.

HADLEY – A vehicle rollover on Route 9 just east of the Calvin Coolidge Bridge just after 11:30 a.m. Monday caused traffic delays on both sides of the span linking Hadley and Northampton, according to public safety reports.

Hadley police officials had no immediate information about the crash, including how many vehicles were involved or if anyone was injured.

Northampton Police Officer John McCarthy said officers from that city would likely assist with traffic delays on the Northampton side of the bridge.

More information will be posted on MassLive as it becomes available.


THE MAP BELOW shows the approximate location of a late-Monday-morning crash in Hadley, just east of the Calvin Coolidge Bridge, that caused delays in that town and Northampton:


View Larger Map

Greta Van Susteren of Fox News interviews The Republican's Peter Goonan about Springfield School Committee condom plan

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Under the plan, condoms would be available to high school and middle school students.

Last week, Springfield's School Committee gave first-step approval to a policy that would give students access to free condoms. The plan would cover both high schools and middle schools, meaning that condoms would be available to students as young as 12.

The story has gained national attention, and on Saturday The Republican's Peter Goonan appeared on the Fox News program "On the Record" to discuss the plan with host Greta Van Susteren.


Scott Brown boasts bipartisanship at CheckPoint 2012 Legislative Luncheon in Holyoke

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Brown said job-creation will remain his top priority and at one point in his speech, he seemed to take a shot at Elizabeth Warren, his chief Democratic rival. Watch video

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HOLYOKE- Republican U.S. Sen. Scott Brown said he feels that bipartisanship is the only way forward for Congress, and that national legislators should take a page out of the book of Bay State Legislators.

"As a Republican significantly outnumbered in the Massachusetts State Legislature, I woke up every day looking to work with Democrats to come to a compromise on the issues facing us," Brown said during the keynote speech at the CheckPoint 2012 Legislative Luncheon at the Log Cabin in Holyoke on Monday. "In Washington, I've tried to do the same thing and lead by example. There are people of good will in both parties and I do my best to work with them."

One example of Brown's bipartisanship Congressional Quarterly recently recognized is the CROWDFUND Act, which brought a bill Brown authored together with a Democratic counterpart.

The new legislation would allow an entrepreneur to raise up to $1 million per year through an SEC-registered crowdfunding portal while citizens with an income of less than $100,000 per year would be allowed to invest the greater of $2,000 or 5 percent of income. For individuals with an income of more than $100,000, investments would be capped at 10%, up to $100,000.

The initiative, which Brown first proposed in the Senate in 2011, is aimed at increasing business opportunities in the "innovative Bay State," Brown explained.

Brown, speaking to the business leaders from the Greater Holyoke, Chicopee and Westfield Chambers of Commerce, said he understands their concerns about economic uncertainty and the impact it has on the overall economy.

"I hear your concerns about not knowing what is coming next," he said. "I understand your uncertainty about the tax code, and regulation, and know it makes you hold back in hiring and investing in your business. I will never demonize you as the job creators of our society. I get that when the future is clear and your businesses are doing well, the problems we all face are lessened."

Brown said job-creation will remain his top priority and at one point in his speech, he seemed to take a shot at Elizabeth Warren, his chief Democratic rival.

"Others can focus on what makes a good sound byte and I will continue to focus on job creation and the economy," Brown said. "I'm not here to be a social crusader."

Brown's reference comes on the heels of his support of the failed Blunt Amendment, which would have allowed any employer to deny insurance coverage for any procedure or prescription, such as contraception, if it conflicted with their moral or religious belief.

Brown has touted his stance as one upholding religious liberty while Warren supported the President's decision to shift the mandated coverage from employers and institutions, including religious entities, to insurance companies.

The event wasn't entirely serious however, as Brown's sense of humor from the South Boston St. Patrick's Day breakfast Sunday carried over into Monday. The Junior Senator from Massachusetts took time to poke fun at State Sen. Michael R. Knapik, R-Westfield, and Holyoke Mayor Alex Morse.

Morse, a 22-year-old Democrat governing the Paper City, also was jabbed over his age by Chicopee Mayor Michel Bissonnette at the event.

While Bissonnette joked that Morse hadn't "taken a nap" between the St. Patrick's Day festivities, Morse, in good fun, poked back at his Chicopee counterpart.

"While I am getting tired of them making jokes about my age, I think you're getting tired of jokes about your weight," Morse said to cheers and laughs. "Did I hear them say you are the third-largest mayor in the commonwealth?"

Immediately following the speech, Brown left the Log Cabin and headed to Springfield where he visited with staff and patients at the Shriner's Hospital for Children on Carew Street.

Apple dividend, UPS deal, demand for U.S. Steel help Wall Street drift higher

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The Dow Jones industrial closed up less than 7 points to reach 13,239.

Luigi Muccitelli, Edward BaumanTraders Luigi Muccitelli, left, and Edward Bauman confer on the floor of the New York Stock Exchange Monday. U.S. stocks struggled to extend the rally from their best week of the year.

NEW YORK – U.S. stocks drifted higher Monday but lost the momentum from their biggest week of the year. A dividend from Apple, a deal for UPS and the promise of greater demand for U.S. Steel drove those stocks to gains.

The Dow Jones industrial average was up as much as 37 points but sank most of the afternoon and finished up 6.51 at 13,239.13. It was a ho-hum performance compared with the Dow’s 310-point gain last week.

The Standard & Poor’s 500 rose 5.58 points to 1,409.75, its highest close since May 20, 2008. The Nasdaq composite index rose 23.06 points to 3,078.32.

An index of homebuilder confidence came in unchanged. Without major economic news or headlines out of Europe, the markets were steered by announcements from a handful of well-known companies.

Apple rose 2.7 percent to $601.10, its first close above $600, after announcing that it would pay a shareholder dividend and buy back $10 billion of its stock over three years.

The dividend is expected to expand the company’s shareholder reach because value-oriented mutual funds that focus on dividends will buy it. Apple’s stock has already skyrocketed from $405 this year, partly in anticipation of the dividend.

UPS rose 3.4 percent after announcing it would buy TNT Express, the second-largest express mail company in Europe behind DHL. The purchase further solidifies UPS’ status as the world’s largest delivery company.

U.S. Steel climbed 6.4 percent, the best performer in the S&P 500, after some manufacturers announced price hikes last week, fueling expectations of improving demand. Steel Dynamics and AK Steel Holding Corp. also rose.

The markets couldn’t match the electricity of last week. The Dow and the S&P 500 both rose 2.4 percent last week, their best showings of the year so far. For the first time, the Dow closed above 13,000 and the Nasdaq above 3,000 on the same day.

On Monday, while ever-present concerns about European debt, a slowdown in China and the pace of U.S. economic growth were bubbling below the surface, investors seemed to take a day off from worrying about them.

“The absence of any negative news over the weekend was pretty positive,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Va., who described the market as complacent. “It sounds backward, but that’s quite often the case.”

There was little in the way of major economic indicators. The National Association of Home Builders’ index of builder confidence came in unchanged from the previous month but is at its highest since June 2007, a year before the financial meltdown.

Prices for U.S. Treasury debt slid for the ninth day in a row, and the yield on the 10-year Treasury note hit 2.40 percent. It has not settled above 2.40 since Aug. 5. The 10-year was at 2.36 late Monday, up from 2.30 percent Friday. The falling prices are a sign that investors are feeling more confident in the economy and moving money out of bonds and into riskier assets like stocks.

The price of oil climbed above $108, up more than a dollar for the day and almost $3 for the last two trading days. The average price for a gallon of regular gasoline rose a penny over the weekend to $3.84 and is up 30 cents from a month ago, pushed higher by tension in Europe over Iran’s nuclear program.

European markets were mixed. The main stock indexes fell less than 1 percent in France, Britain and Germany. Stocks rose 1.6 percent in Greece and 1.2 percent in Spain.

Though Greece’s debt crisis has faded from the spotlight for the moment, Greece remains in deep recession, and uncertainty lingers. Unions throughout Europe are protesting cuts in benefits, making it difficult for governments to rein in their spending.

Leadership questions are also surfacing, with the Greek finance minister stepping down to run the majority Socialist party and France gearing up for presidential elections.

Among other U.S. stocks making moves:

• Sprint Nextel plummeted 4.5 percent after an analyst downgraded the stock to underperform, predicted that future incarnations of the iPhone could have trouble with the Sprint network and expressed concern about the company’s debt.

• Bank of America rose above $10 in midday trading for the first time since August, though it’s still well off its pre-crisis high of more than $50. The stock ended the day down 2.8 percent, at $9.53.

Palmer truck driver Paul Brousseau arrested in Vermont, charged with erratic driving, marijuana possession

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Officers reported smelling a strong odor of marijuana from inside the cab during the traffic stop

PUTNEY, Vermont - A 44-year-old truck driver was charged with driving under the influence of drugs and other charges after police stopped him for driving his tractor-trailer erratically on I-91, police said.

Paul E. Brousseau was stopped by officers with the state Department of Motor Vehicles Friday evening during rush hour traffic, the Burlington Free Press reported. Police received a 911 call from a motorist about a tractor-trailer weaving in and out of lanes and almost swiping a car near Brattleboro.

He was charged with driving while under the influence of drugs, possession of
marijuana and reckless endangerment of a teen passenger, a 14-year-old relative who was riding with him.

Officers reported smelling a strong odor of marijuana from inside the cab during the traffic stop

Police, using a drug-sniffing dog, found 52 grams of marijuana, or 1.8 ounces from the truck’s sleeper compartment.

Brousseau is due to appear in court on May 1 to answer to the charges.

He was driving a car hauler while transporting several automobiles from Brookfield, Ma. to Bellows Falls, Vermont for Diversified Automotive, Inc., of Orangeburg, N.Y.

Retrial of Donna Wolcott, accused of trying to solicit someone to kill her husband, underway

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John Jamroz said Donna Wolcott never said she wanted to hire someone to kill her husband but he thought that's what she meant.

JAMROZ.JPGJohn W. Jamroz of Chicopee testifies Monday in Hampden Superior Court as his cousin, Donna M. Wolcott, faces the beginning of her second trial on charges of solicitation to murder her husband.

SPRINGFIELD – John W. Jamroz was back on the witness stand in Hampden Superior Court Monday – just as he was nearly five years ago – answering the same questions about what exactly his cousin Donna M. Wolcott said to him on March 11, 2006.

The retrial of Wolcott, 47 – accused of trying to hire someone to kill her then-husband Jeffrey Wolcott when they lived together in Wilbraham – is underway in front of Judge Bertha D. Josephson.

Jamroz, of Chicopee, said when he reported what Wolcott said to him to state police, on the advice of a friend, “I wasn’t looking to get her in prison.”

Just as he testified at the first trial, where Wolcott was convicted by a Hampden Superior Court jury, Jamroz said Monday Wolcott never used the words “kill” or “die” when she told him she was unhappy in her marriage and asked him if he knew anyone who needed money.

He said Donna Wolcott said she wished Jeffrey Wolcott would “disappear” or “go away.” She never said she wanted to pay anyone to kill her husband, Jamroz said, but Jamroz thought that’s what she meant.

Jamroz said he thought what would come from his report to state police was an “intervention” that would help his cousin.

He said when state troopers asked if they could come to his house and have him call Donna Wolcott asking if she wanted to hire someone to kill her husband, he was uncomfortable because he believed police were “setting her (Wolcott) up.”

Jamroz, under questioning from Assistant District Attorney Maida H. Wassermann, said he did not reach Wolcott by telephone then, but she called back and said she had talked with her husband Jeffrey and everything was fine.

Donna Wolcott is being tried again on the misdemeanor charge of soliciting someone to commit a felony and two counts of violation of a restraining order.

She was sentenced in July 2007 to six months in the Hampden County Correctional Center in Ludlow on the solicitation of a felony charge and two years probation, served concurrently with each other, on the two restraining order violation charges.

The state Appeals Court in September 2010 overturned Wolcott’s conviction, ruling that she was entitled to a new trial based on the jury selection process being closed to members of the public who wanted to watch.

The charges of violating a restraining order allege Donna Wolcott called Jeffrey Wolcott from jail after she was arrested on the solicitation to commit a felony charge and after he got a restraining order.

Jeffrey Wolcott was on the stand Monday, testifying about the marriage between himself and Donna Wolcott. saying she hated his mother and wouldn’t allow his mother to come to the house to see the children.

After his then-wife’s arrest, Jeffrey Wolcott – who said he is now remarried – divorced Donna Wolcott and got custody of their sons, now 10 and 11 years old, as well as getting the couple’s house on 11 Victoria Lane in Wilbraham.

Jeffrey Wolcott said he chose to take his then-wife’s calls from the jail and talk with her, even though he had a restraining order prohibiting her from talking with him.

Jeffrey Wolcott, under questioning from defense lawyer Michael J. Hickson, said he did break Donna Wolcott’s nose once by hitting her with a backhand. He said he was driving the car, and she was angry and was hitting his shoulder. He said Donna Wolcott had hit him and thrown things at him twice before.

WOLCOTT.JPGDonna M. Wolcott is seen at the start of her new trial Monday in Hampden Superior Court.

State Trooper Gary Fitzgerald, a detective assigned to the Hampden District Attorney’s Office, said he went to the Wolcott house to tell Jeffrey Wolcott about what Jamroz said Donna Wolcott had asked him.

Fitzgerald said Donna Wolcott came to the Wilbraham police station and he interviewed her, although she wasn’t under arrest.

Fitzgerald said Wolcott told him she told Jamroz she was unhappy and wanted something done to Jeffrey Wolcott.

Although Wolcott was told the interview was being videotaped, Fitzgerald said there had been a tape malfunction and the section where she talked to Fitzgerald about what she said to Jamroz was not videotaped.

Fitzgerald said Wolcott signed a statement at the end of the interview session, which lasted three hours.

Hickson, who will cross examine Fitzgerald, had said in pre-trial motions he will raise the issue of whether or not Donna Wolcott’s statement was entirely voluntary.

Springfield's superintendent search entering new stage

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The meeting planned at Central High School will be used to meet the applicants and explain requirements for serving, School Committee Vice Chariman Christopher Collins said.

031111 christopher collins mug.jpgChristopher Collins

SPRINGFIELD – The search for a new superintendent will enter a new phase Wednesday when the School Committee interviews 45 applicants for a volunteer search committee that will screen candidates and recommend 3-5 finalists.

School Committee Vice Chairman Christopher Collins said the number of applicants should be reduced to 13 within a week, clearing the way for group to begin reviewing candidates to replace Superintendent Alan J. Ingram at the end of the school year.

The search committee – to include three parents, three community representatives, two business representatives, two teachers, two administrators and a student – will be responsible for narrowing the field and presenting the top candidates to the School Committee by May 23, Collins said.

The meeting Wednesday, scheduled for 6 p.m. at Central High School, will be used to meet the applicants and explain requirements for serving, which include attending every session and signing a confidentiality agreement, Collins said.

“We’ll give everybody a minute or two to explain why they want to participate,” Collins said, adding the applicants represent a cross-section of the community.

The School Committee will select 13 members at its March 28 meeting, using a 3-point rating scale; the top scorers in each category will be appointed, Collins said.

The committee began the search in December, with the goal of finding a replacement by mid-June; to help establish the search process and screen resumes, the committee hired the Massachusetts Association of School Committees as consultant.

Collins said the school committee members will take over the search once the finalists have been established, conducting interviews and visiting home communities of the candidates.

With the job being advertised nationally, Collins estimated that as many as 20 qualified candidates could apply. The committee met Monday at 8 a.m. to complete work on a brochure, describing Springfield and its school system, that will be sent to candidates responding to the advertisements, Collins said.

Ingram will leave June 30, at the end of his four-year contract. A former accountability officer for Oaklahoma City’s public schools, Ingram was hired in June 2008 to replace former superintendent Joseph P. Burke.

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