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Top News & Analysis Boston

  • BOSTON, July 21- A federal jury handed Amphastar Pharmaceuticals Inc a big win on Friday after it was accused of infringing on a patent held by Momenta Pharmaceuticals Inc through its production of a generic version of the blood-thinner Lovenox. The verdict by the jury in Boston came in a lawsuit by Cambridge, Massachusetts- based biotechnology company Momenta...

  • *Q2 profit and revenue top Wall St estimates. July 21- General Electric Co's shares dropped sharply on Friday after it posted a 59- percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into his job. GE also said it would update its 2018 earnings target of $2 a share...

  • *Q2 profit and revenue top Wall St estimates. July 21- General Electric Co's shares dropped sharply on Friday after it posted a 59- percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into his job. GE also said it would update its 2018 earnings target of $2 a share...

  • SAN FRANCISCO, July 21- Lyft Inc has formed a self-driving car division, company executives said, a bold investment for the second-largest U.S. ride-services firm as it jockeys for position in the highly competitive autonomous vehicle race. The executives said on Thursday the company would soon open a facility in Palo Alto, California, that would eventually be...

  • *Q2 profit and revenue top Wall St estimates. GE said it would update its 2018 earnings target of $2 a share in November, later than analysts had expected. "Until this earnings reset plays out, the stock will essentially remain in a state of limbo," Deane Dray, an analyst at RBC Capital Markets, said in a note.

  • NEW YORK— General Electric Co. on Friday reported dip in second-quarter profit and revenue on lackluster performance from its energy connections unit. Still, the industrial conglomerate beat Wall Street expectations as longtime CEO Jeff Immelt prepares to hand over the reins to John Flannery in August. The average estimate of eight analysts surveyed by...

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell to a four-year low on Thursday after testing confirmed Norovirus in a customer who ate at one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell 4.5 percent on Thursday after testing confirmed Norovirus in a customer who ate at the one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • BOSTON, July 20- A former Akebia Therapeutics Inc employee accused of insider trading faced the growing possibility of having his bail revoked as a U.S. prosecutor argued on Thursday that he posed a flight risk and was growing "increasingly unhinged." Schultz Chan, who had been the director of biostatistics at the Cambridge, Massachusetts- based...

  • LAWRENCE, Mass.— The Latest on House Speaker Paul Ryan's visit to Massachusetts to talk tax reform:. House Speaker Paul Ryan is pitching Republican plans for overhauling the nation's tax code at a shoe factory in Lawrence, Massachusetts, as demonstrators outside protest GOP efforts to repeal former President Barack Obama's health law. U.S. House Speaker Paul...

  • CHICAGO— President Donald Trump's administration has ended Affordable Care Act contracts that brought assistance into libraries, businesses and urban neighborhoods in 18 cities, meaning shoppers on the insurance exchanges will have fewer places to turn for help signing up for coverage. People will have 45 days to shop for 2018 coverage, starting Nov. 1 and...

  • BOSTON, July 20- Testing has confirmed Norovirus in a customer who ate at the Virginia Chipotle Mexican Grill Inc restaurant that was briefly closed earlier this week following multiple reports of diners falling ill, a county health department official said on Thursday. Stool sample tests from the diner who ate at the Chipotle in Sterling, Virginia, late last...

  • LAWRENCE, Mass.— House Speaker Paul Ryan on Thursday pitched Republican plans for overhauling the nation's tax code at a shoe factory, as demonstrators outside protested the GOP agenda of scrapping former President Barack Obama's health care law and tax cuts. "Right now, we've got a tax code that no one really understands enforced by an agency that no one really...

  • July 19- A former Credit Suisse Group AG banker from Switzerland pleaded guilty on Wednesday to participating in a wide-ranging scheme to help Americans hide millions of dollars in offshore accounts to evade U.S. taxes. Susanne Rüegg Meier, a former manager with Credit Suisse, pleaded guilty in federal court in Alexandria, Virginia to conspiring to defraud...

  • BOSTON— A former Massachusetts sheriff's deputy has been convicted of helping a fishing mogul known as "The Codfather" smuggle profits out of the country. Prosecutors say Carlos Rafael, who owns Carlos Seafood, Inc. in New Bedford, lied to federal authorities for years about the quantity and species of fish his boats caught to evade federal quotas.

  • BOSTON _ Brookline Bancorp Inc. on Wednesday reported second-quarter profit of $14.9 million. The Boston- based company said it had profit of 20 cents per share. Keywords: Brookline Bancorp, Earnings Report.

  • NEW YORK, July 19- U.S. Treasury yields were little changed on Wednesday on light trading volume with benchmark yields hitting their lowest levels in nearly three weeks in advance of a meeting of European Central Bank policymakers on Thursday. Traders have been speculating on the timing when the ECB would reduce its bond purchase program as ECB President Mario...

  • BOSTON, July 19- JPMorgan Chase& Co CEO Jamie Dimon, who has faced tough shareholder resolutions, is being asked to save them. In a letter to the bank chief earlier this month, New York State Comptroller Thomas DiNapoli asked Dimon to stop efforts by an executive group he leads that would make it harder to file shareholder resolutions. The Roundtable praised a bill...

  • BOSTON— Massachusetts Senate President Stan Rosenberg, a chief architect of the state law that legalized casino gambling, said Wednesday he was strongly opposed to a new law that could allow casinos to serve alcohol until 4 a.m.. The 2011 casino law required that gambling establishments stop serving alcohol to patrons between the hours of 2 a.m. and 8 a.m. The...

  • BOSTON, July 19- Chipotle Mexican Grill Inc said it will reopen a Virginia restaurant on Wednesday, two days after it was closed due to reports that several customers had fallen ill with suspected norovirus. Chipotle voluntarily closed the restaurant in Sterling, Virginia, on Monday, according to a health official for the Loudoun County Public Health...