Top News & Analysis Boston

  • Sept 29- Wells Fargo& Co's Chief Executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street. California, Wells Fargo's home state, suspended business relationships with the bank for a year on Wednesday...

  • BOSTON— Denmark's Crown Prince Frederik and his wife Mary are kicking off a two-day trade mission to Boston. On Thursday, Frederik is scheduled to join Democratic Boston Mayor Marty Walsh for an event at Boston University highlighting ways to promote urban sustainability and climate resilience, including ways to "future-proof" cities. Charlie Baker at the...

  • The company said it had entered into a non-binding agreement with lenders AB Opportunity Fund LLC, AB Value Partners LP and affiliates of Milfam II LP under which these lenders have offered to buy Cosi's assets and serve as a "stalking horse" bidder in a sale process. The company said it had net sales of $22.3 million, with net losses of about $3.1 million and cash on...

  • In court documents, Cosi Inc. said it has between $10 million and $50 million in assets and the same amounts in debt. Last month, the company reported a second-quarter loss of $3.1 million after reporting a loss of $3.8 million in the same period a year before. Cosi said that its lenders AB Opportunity Fund, AB Value Partners and firms connected to Milfam, are...

  • Cosi

    Cosi filed for Chapter 11 bankruptcy protection Wednesday in federal court in Massachusetts. USAToday reports.

  • The Boston- based company, known for its homemade flat bread, has assets of $31.24 million and debt of about $20 million, according to a court filing. The company said it had entered into a non-binding agreement with lenders AB Opportunity Fund LLC, AB Value Partners LP and entities affiliated with Milfam II LP under which the DIP lenders offered to buy Cosi's...

  • *Committed investors see payoff from solid Asia returns. SINGAPORE, Sept 23- Having weathered almost two years of volatility spurred by a fickle Federal Reserve, most long-term investors in Asia's emerging markets barely blinked this week as the Fed once again redrew the future path of U.S. interest rates. "The idea that yields are going to be lower for longer is...

  • "Disclosure is the foundation of federal securities laws, and public companies are required to disclose material events that shareholders should know about," Warner said in a letter to SEC Chairwoman Mary Jo White. Warner also asked the SEC to probe whether Yahoo has "made complete and accurate representations" about the security of its information technology...

  • NEW YORK— In a story Sept. 23 about online reviews, The Associated Press used incorrect style for the name of Yelp, the company that runs an online review website. NEW YORK— It is a double-edged cybersword: a negative review of a restaurant or other business, posted for the world to see. Jeff Gates, who co-owns eight restaurants in the Boston area, says online reviews give...

  • "Disclosure is the foundation of federal securities laws, and public companies are required to disclose material events that shareholders should know about," Warner said in a letter to SEC Chairwoman Mary Jo White. Warner also asked the SEC to probe whether Yahoo has "made complete and accurate representations" about the security of its information technology...

  • Boston waterfront

    CNBC took a deep look at stocks in one urban area that have produced big stock returns in a wide diversity of industries.

  • LONDON, Sept 26- London's role as the world's top financial centre could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centres index, which looks at 87 financial centres, showed that London remains just ahead of New York, followed by Singapore and Hong Kong.

  • LONDON, Sept 26- London's role as the world's top financial center could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centers index, which looks at 87 financial centers, showed that London remains just ahead of New York, followed by Singapore and Hong Kong.

  • CAMBRIDGE, Massachusetts— Once a month in the summer, a small parking lot on the Massachusetts Institute of Technology's campus transforms into a high-tech flea market known for its outlandish offerings. It's known as Swapfest, a place where tinkerers from across New England go to buy and sell the gadgets they can't find in stores. "You can pretty much find all...

  • Tax records show that Harvard University spent $253 million on scholarships in 2013 from its $35 billion endowment. Yale, the No. 2 endowment, spent $77 million of its $24 billion endowment on scholarships, an even smaller share. Meanwhile, Harvard spent more than $1 billion that year on programs and facilities, and earned $4.5 billion in endowment revenue.

  • NEW YORK— It is a double-edged cybersword: a negative review of a restaurant or other business, posted for the world to see. ,TripAdvisor, Google and companies' own websites can see complaints about bad food, surly sales associates, late deliveries or defective merchandise. Jeff Gates, who co-owns eight restaurants in the Boston area, says online reviews give him a...

  • Elizabeth Cutler and Julie Rice, Soulcycle, at iconic Boston

    The founders of the fitness phenomenon say they wouldn’t have made it without each other. A look at why their partnership works.

  • BEVERLY, Mass., Sept 23- United Parcel Service Inc said it began testing the use of drones for emergency deliveries of medical supplies this week with a flight in rural Massachusetts, which the company hopes will eventually lead to federal approval of drones as a regular delivery option. The drone delivered a small package from Beverly, located about 25 miles...

  • WASHINGTON— Hundreds of for-profit colleges could close, leaving up to 600,000 students scrambling to find other schools, after the Education Department withdrew recognition of the nation's largest accreditor of for-profit schools. The Accrediting Council for Independent Colleges and Schools said it would appeal Thursday's decision to Education...

  • *Committed investors see payoff from solid Asia returns. SINGAPORE, Sept 23- Having weathered almost two years of volatility spurred by a fickle Federal Reserve, most long-term investors in Asia's emerging markets barely blinked this week as the Fed once again redrew the future path of U.S. interest rates. "The idea that yields are going to be lower for longer is...