Top News & Analysis Boston

  • Jan 20- General Electric Co is seeking a sharp cut in corporate tax rates under President Donald Trump but is bracing for U.S. sales of medical equipment to suffer if Congress delays changing U.S. healthcare laws. "From a GE perspective, at a minimum, we need to have a corporate tax system where the rate of taxation is commensurate with the OECD average of 21 or 22...

  • GE said revenue at its power plant unit was hit by failure to ship six gas turbines to Bahrain and Iraq that it expected to deliver in the quarter. The Boston- based maker of power plants, aircraft engines, locomotives and medical equipment said total revenue fell 2.4 percent to $33.1 billion, slightly below Wall Street expectations of $33.6 billion.

  • The Boston- based maker of power plants, aircraft engines, locomotives and medical equipment said revenue fell 2.4 percent to $33.1 billion, slightly below Wall Street expectations of $33.6 billion. Net income from continuing operations attributable to GE shareholders rose to $3.48 billion, or 39 cents a share, from $2.57 billion, or 26 cents a share, a year...

  • The Boston- based maker of power plants, aircraft engines, locomotives and medical equipment said total revenue fell 2.4 percent to $33.1 billion. Earnings from continuing operations attributable to GE shareholders rose to $3.48 billion in the fourth quarter ended Dec. 31, from $2.57 billion a year earlier. Earnings per share from continuing operations rose...

  • BOSTON— General Electric's fourth-quarter revenue missed Wall Street's view, with continued softness in its oil and gas, transportation and lighting businesses. That's below the $34.15 billion that analysts polled by Zacks Investment Research expected. That matched what analysts surveyed by Zacks were calling for.

  • MANILA, Jan 20- London copper futures surrendered early gains to edge lower on Friday as investors exercised caution ahead of U.S. President-elect Donald Trump's inauguration, looking past data that showed China's economy grew slightly faster than expected. Expectations that China will continue to spur economic activity this year should boost demand in...

  • *China Q4 GDP grew 6.8 pct, market expected 6.7 pct. MANILA, Jan 20- London copper futures edged higher on Friday after China's economy grew slightly faster than expected in the last quarter of 2016, but caution among investors ahead of U.S. Expectations that China will continue to spur economic activity this year should boost demand in the world's top copper...

  • NEW YORK, Jan 19- A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations. In the weeks after the Nov. 8 election, Wall Street's major indexes were on a tear. BMO Private Bank's chief...

  • BOSTON— Leading public health researchers and gun safety advocates concede that Republican Donald Trump's election as president changed the national conversation on firearms, but they're urging gun owners and manufacturers to be included in the effort to reduce deaths and injuries from firearms. Sandro Galea, dean of the Boston University School of...

  • The report suggests hiking the governor's annual salary from $151,800 to $185,000 with a new, yearly $65,000 housing allowance. Massachusetts is one of only a handful of states without an official governor's residence or housing allowance. Critics questioned the timing of the hearing, which was announced just two days ago by House Speaker Robert DeLeo and...

  • NEW YORK, Jan 18- The U.S. dollar rose and stocks also gained ground on Wednesday after Federal Reserve Chair Janet Yellen suggested the U.S. central bank was ready to raise interest rates quickly this year. "It just adds to the Fed's story and an argument that the economy is ready to weather interest rate hikes," said John Doyle, director of markets at Tempus Inc in...

  • District Judge Nathaniel Gorton in Boston to pay a $200,000 fine and forfeit $242,500 after a jury in October found him guilty on conspiracy and securities fraud charges, prosecutors said. Prosecutors said that by late 2012, Kanodia, who lives in Brookline, Massachusetts, had learned details about a planned merger between India- based Apollo and Cooper Tire...

  • BOSTON _ Boston Private Financial Holdings Inc. on Wednesday reported fourth-quarter net income of $17.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Three analysts surveyed by Zacks expected $92.4 million.

  • NEW YORK, Jan 18- The U.S. dollar edged higher and stocks gained ground on Wednesday after the top U.S. monetary policy official spoke, but investors voiced caution over how U.S. policy will develop under Donald Trump's presidency two days before his inauguration. Federal Reserve chair Janet Yellen were released and after U.S. inflation data.

  • WASHINGTON, Jan 18- A pickup in manufacturing, "widespread" reports of labor shortages and improving business investment set the stage for the Federal Reserve's December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic conditions. Manufacturers in "most" of the Federal...

  • BOSTON, Jan 18- A small Boston- area hedge fund operation on Wednesday was accused of running a Ponzi scheme that included spending investor money on liquor, luxury hotels and specialty cars, according to a complaint by the top securities regulator in Massachusetts. Alleged victims of MC2 Capital of Cambridge, Massachusetts included an unnamed institutional...

  • PIERRE, S.D.— South Dakota officials are optimistic that a 1992 Supreme Court ruling saying sales taxes can't be collected from companies not physically present in the state can be overturned. The lawsuit was filed in state court against Wayfair, Inc. of Boston; Systemax, Inc. of Port Washington, New York; Overstock.com, Inc. of Salt Lake City; and Newegg, Inc. of City...

  • BOSTON, Jan 18- A small Boston- area hedge fund operation on Wednesday was accused of running a Ponzi scheme that included spending investor money on liquor, luxury hotels and specialty cars, according to a complaint by the top securities regulator in Massachusetts. Secretary of the Commonwealth William Galvin said he has moved to bar three hedge funds and...

  • SMALL BOSTON-AREA HEDGE FUNDS FACE ALLEGATIONS INVESTOR MONEY SPENT ON LIQUOR, LUXURY HOTELS AND CARS- MASSACHUSETTS REGULATOR.

  • Under the deal, State Street entered into a deferred prosecution agreement with federal prosecutors in Boston and agreed to pay $32.3 million. Attorney William Weinreb in Boston said in a statement. The case followed a 2014 settlement between State Street and the UK Financial Conduct Authority in which the Boston- based bank paid a fine of £22.9 million for...