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Top News & Analysis Boston

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  • BOSTON, July 31- The U.S. Food and Drug Administration on Friday advised hospitals not to use Hospira Inc's Symbiq infusion system, saying a security vulnerability could allow cyber attackers to take remote control of the system. Both the FDA and DHS said they know of no cases where such an attack has been launched, but the FDA said in its advisory that it strongly...

  • WASHINGTON, July 31- The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday. Mark Rosekind, who heads the National Highway Traffic Safety Administration, said his watchdog agency is trying to...

  • Boston Beer posts 2Q profit Thursday, 30 Jul 2015 | 7:51 PM ET

    BOSTON _ Boston Beer Co. on Thursday reported second-quarter profit of $29.9 million. Boston Beer expects full-year earnings in the range of $7.10 to $7.50 per share. Boston Beer shares have dropped 23 percent since the beginning of the year.

  • Brightcove reports 2Q loss Thursday, 30 Jul 2015 | 6:57 PM ET

    BOSTON _ Brightcove Inc. on Thursday reported a loss of $3.6 million in its second quarter. For the current quarter ending in September, Brightcove expects its results to range from a loss of 3 cents per share to a loss of 1 cent per share. Brightcove expects full-year results to range from a loss of 9 cents per share to a loss of 6 cents per share, with revenue ranging...

  • BOSTON/ DETROIT, July 30- A researcher is advising drivers not to use a mobile app for General Motors Co's OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines remotely. Kamkar released the video a week after Fiat Chrysler Automobiles recalled some 1.4 million vehicles after hacking...

  • July 30- Cybersecurity company FireEye Inc reported its slowest quarterly revenue growth since going public in 2013, and said Chief Financial Officer Michael Sheridan will step down. Sheridan, CFO since June 2011, will join a private technology company, FireEye said. FireEye, which has yet to post a profit since its IPO, uses cloud-based technologies to help...

  • BOSTON/ DETROIT, July 30- A researcher is advising drivers to halt the use of a mobile app for General Motors Co's OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to remotely unlock cars and start engines. "White-hat" hacker Samy Kamkar posted a video on Thursday saying he had figured out a way to "locate, unlock and...

  • CRA posts 2Q profit Thursday, 30 Jul 2015 | 9:57 AM ET

    BOSTON _ CRA International Inc. on Thursday reported second-quarter net income of $3.3 million. The Boston- based company said it had net income of 36 cents per share. Keywords: CRA International, Earnings Report.

  • Newspaper: LePage staff involved in budget discussions Thursday, 30 Jul 2015 | 9:15 AM ET

    The Portland Press Herald obtained documents under the Freedom of Access Act that indicate LePage's senior staff was aware of details of what was being negotiated by legislative leadership. Michael Allen, who advises the governor on tax policy, updated senior staff on the details on June 15, a day before LePage told Boston radio talk-show host Howie Carr that "I...

  • Iron Mountain misses Street 2Q forecasts Thursday, 30 Jul 2015 | 8:13 AM ET

    BOSTON _ Iron Mountain Inc. on Thursday reported second-quarter earnings of $53.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Six analysts surveyed by Zacks expected $774.7 million.

  • MILWAUKEE— The victims of a fiery plane crash in Milwaukee were identified Thursday as a top executive at a Boston capital investment firm and his teenage daughter who were traveling to the Midwest for a college visit. Joseph Trustey, a former Army captain, and his 18- year-old daughter, Anna, died when their small single-engine plane crashed and erupted in...

  • WASHINGTON— Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows. The only question seems to be when. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has stressed that any increase will be driven by the latest economic data.

  • Boston Properties reports 2Q results Wednesday, 29 Jul 2015 | 6:09 PM ET

    BOSTON _ Boston Properties Inc. on Wednesday reported a key measure of profitability in its second quarter. The average estimate of 14 analysts surveyed by Zacks Investment Research was for funds from operations of $1.34 per share. Boston Properties expects full-year funds from operations to be $5.37 to $5.45 per share.

  • Vertex reports 2Q loss Wednesday, 29 Jul 2015 | 4:12 PM ET

    BOSTON— Vertex Pharmaceuticals Inc. on Wednesday reported a loss of $188.8 million in its second quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 63 cents per share. Eight analysts surveyed by Zacks expected $145.8 million.

  • BOSTON— A federal judge heard arguments Wednesday over allegations that private investigators working for Wynn Resorts gained unauthorized access to files in a joint state and federal criminal probe that now figures into Massachusetts's biggest casino project. U.S. District Court Magistrate Marianne Bowler took the arguments under advisement and is...

  • Fed holds steady on rates, seeks further economic gains Wednesday, 29 Jul 2015 | 2:05 PM ET

    WASHINGTON— The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has...

  • Carbonite reports 2Q loss Wednesday, 29 Jul 2015 | 7:27 AM ET

    BOSTON _ Carbonite Inc. on Wednesday reported a loss of $4.8 million in its second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share. Three analysts surveyed by Zacks expected $33.6 million.

  • American Tower misses Street 2Q forecasts Wednesday, 29 Jul 2015 | 7:09 AM ET

    BOSTON _ American Tower Corp. on Wednesday reported second-quarter net income of $156.1 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. American Tower shares have declined 2 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 2 percent.

  • LONDON— This year's Venice Film Festival will include Kristen Stewart in a sci-fi romance, Idris Elba at war and a thriller starring Tilda Swinton and Dakota Johnson, as well as potentially awards-worthy performances from Eddie Redmayne, Johnny Depp and Jake Gyllenhaal. It includes Drake Doremus' futuristic "Equals," with Stewart and Nicholas Hoult; Luca...

  • What's in the 6-year Senate transportation bill Tuesday, 28 Jul 2015 | 3:55 PM ET

    WASHINGTON— The Senate is moving toward the likely passage this week of a sweeping, six-year transportation bill, but the House is putting off consideration of the measure until this fall. Industry officials said the $350 billion Senate bill isn't ideal— not as much money as they would like and only three of the six years paid for— but they are desperate for at least...