The Ticker

Columbia Gas capped

Massachusetts utility regulators approved a $7.8 million rate hike for Columbia Gas — far lower than the company's original request for a $29.2 million increase.

The decision by the state Department of Public Utilities came after Attorney General Martha Coakley criticized the company for passing on $114,000 in corporate jet travel costs to ratepayers.

The former Bay State Gas Co., which serves 300,000 customers in the Brockton, Lawrence and Springfield areas, voluntarily withdrew $1.8 million from its request, before the DPU knocked off another $19.6 million.

Schilling rips R.I. lawsuit as 'political'

Former Red Sox [team stats] pitcher Curt Schilling [stats] is calling a lawsuit brought against him by Rhode Island economic development officials "political" and denying wrongdoing in connection with a $75 million state loan guarantee the state gave his now defunct video game company 38 Studios.

Schilling said the state's decision was made "with its eyes wide open and with full understanding of any risks."

Crane adds Hallmark unit to fold

Dalton stationery company Crane & Co. will acquire William Arthur, a subsidiary of Hallmark Cards Inc. based in West Kennebunk, Maine, for an undisclosed amount.

In the second half of next year, business operations will be consolidated to Crane's North Adams facility with integrated sales, customer service and marketing.

South Shore Plaza to add two stores

DSW will open a designer shoe "warehouse" — its 15th Bay State store — at South Shore Plaza next spring, taking over the former Filene's Basement location on the first level of the Braintree mall. A Christmas Tree Shops Express store will also open soon at the mall, in the first-floor space formerly occupied by Crate & Barrel.

Wall Street sells after stormy week

Stocks ended an unusual storm-shortened trading week with a sell-off yesterday, as major indexes erased early gains sparked by a stronger-than-expected payrolls report.

(THE SHUFFLE logo)

L Nutter McClennen & Fish LLP has hired Stephen G. Howard as a partner in the firm's litigation department, where his work will include representation of institutional clients, fiduciaries, as well as individuals in probate and business litigation matters.

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