Top News & Analysis Boston

More

  • "The federal government has grossly overstepped its authority," said Adam Bond, a lawyer for the 25 Taunton residents named in the suit. The 2015 decision granted the Mashpee Wampanoags 151 acres in Taunton and 170 acres in Mashpee, a town some 50 miles away on Cape Cod. Backed by Malaysian casino developers the Genting Group, the tribe proposes a $500 million Las...

  • WASHINGTON, Feb 5- More than 500 mutual funds have stock holdings worth more than $1.5 billion in three gun manufacturers: Vista Outdoors, Sturm Ruger and Smith& Wesson. Find out if you are invested in guns and ammo with this list. Fund Vista Sturm Smith& Total Outdoors Ruger Wesson investment.

  • Feb 4- A stock-trading algorithm built for Reuters highlights the correlations among gun purchases, mass shootings and the politics of gun regulation. With the benefit of hindsight, the Boston- based hedge fund Quantopian examined how a theoretical investor would have fared by investing equal amounts in Smith& Wesson Holding Corp and Sturm Ruger& Co after 20...

  • In New England, where a regional casino war is afoot, Connecticut's Foxwoods is remaking one of its gambling floors— now christened "The Fox"— as a hip, fun scene in the sprawling 30- year-old casino complex. In Rhode Island, the more modest-sized Twin River Casino removed 274 slot machines to make way for more poker and other table games favored by younger gamblers...

  • Feb 4- State Street Corp is nearing a deal to acquire General Electric Co's $115 billion asset management business, according to people familiar with the matter, as the U.S. industrial conglomerate continues to shed unloved assets. State Street, a Boston- based asset manager, has prevailed over other bidders, including Goldman Sachs Group Inc, for the business, and...

  • Correction: Las Vegas-Pay To Park story Thursday, 4 Feb 2016 | 2:40 PM ET

    LAS VEGAS— In a story Feb. 2 about MGM Resorts International outsourcing its Las Vegas Strip parking operations to a Chicago- based firm, The Associated Press erroneously reported the title of MGM Resorts executive Corey Sanders. SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte...

  • On Thursday, the board of Viacom Inc, the company that owns the Paramount movie studio, MTV and other assets, gave his chairmanship to Philippe Dauman and made Redstone chairman emeritus. Redstone, a Harvard- educated lawyer from Boston, became one of U.S. media's most powerful figures by building up his family's theater chain, National Amusements, starting in the...

  • Carbonite reports 4Q loss Thursday, 4 Feb 2016 | 10:02 AM ET

    BOSTON _ Carbonite Inc. on Thursday reported a loss of $4.6 million in its fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. Four analysts surveyed by Zacks expected $35.7 million.

  • Feb 4- Real estate investment trust Hersha Hospitality Trust said it would sell seven hotels in Manhattan for $571.4 million to a joint venture it is setting up with China's Cindat Capital Management Ltd.. The hotels include the Holiday Inn Express Times Square, the Candlewood Suites Times Square, the Hampton Inn Chelsea and the Holiday Inn Wall Street.

  • NEW YORK— Dunkin' Donuts, feeling squeezed by a discounting fight in the fast-food industry, is planning to jump into the game with its own deals. Wendy's, for instance, launched a "4 for $4" deal in October, which Burger King later one-upped with a "5 for $4" offer. He compared the situation to politics, noting that presidential candidates such as Donald Trump and Bernie...

  • COLUMBUS, Ohio— The Columbus airport is joining its counterparts nationwide in training employees to recognize signs of human trafficking in an effort to curb exploitation. Beginning this month, all 400 employees at Port Columbus International Airport will view a 30- minute video on spotting signs of trafficking. The awareness campaign in Columbus joins...

  • NEW YORK, Feb 4- The U.S. stock market selloff ushered in the New Year with such a scare that a record 6 million investors called Fidelity Investments asking what they should do with their money. Already, retirement accounts at Fidelity ended 2015 lower than a year ago, with average 401 balances dropping to $87,900 from $91,300, the Boston- based brokerage firm's...

  • BOSTON— Mary Fiumara, best known as the mother who called for her son to come home for dinner in a classic Prince pasta television commercial of the 1960 s, has died at age 88.. from an open window of her apartment in Boston's North End neighborhood in the iconic TV spot. Martigetti told The Boston Globe that Fiumara was "a legend" in the neighborhood and that the...

  • Boston Properties reports 4Q results Wednesday, 3 Feb 2016 | 7:03 PM ET

    BOSTON _ Boston Properties Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for funds from operations of $1.27 per share. Seven analysts surveyed by Zacks expected $619.3 million.

  • The U.S. Centers for Disease Control and Prevention said on Monday that the E.coli outbreaks appeared to be over, but Chipotle now faces a nationwide federal probe into its food-safety practices. "While we do expect trends to sequentially improve behind a major PR and advertising campaign set to launch next week and the recent closing of the CDC E. coli...

  • NEW YORK, Feb 3- Uncle Sam is waiting for his cut from American taxpayers, including those who participate in the so-called sharing economy- doing side gigs like renting out their apartments, driving for Uber or running random errands for strangers on TaskRabbit.com. For instance, Cara Brostrom, a 34- year-old photographer in Boston, remembers buying sheets from...

  • Dannel P. Malloy issued a somber warning to state lawmakers on Wednesday, cautioning that Connecticut's budget is not sustainable and that changes must be made to how the state crafts its budget to meet a "new economic reality" of shrinking revenues. "Together, this year we need to reshape the way Connecticut budgets," Malloy told a joint session of the General...

  • WASHINGTON— Three of the biggest freight railroads operating in the U.S. have told the government they won't meet a 2018 deadline to start using safety technology intended to prevent accidents like the deadly derailment of an Amtrak train in Philadelphia last May. Canadian National Railway, CSX Transportation and Norfolk Southern say they won't be ready...

  • SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte Carlo, New York-New York, Vdara, Aria, Bellagio, The Mirage and MGM Grand, the company said. Valets were told during an afternoon employees' meeting that SP Plus will hire MGM Resorts' approximately 400 non-union parking service...

  • BOSTON— A student at Emerson College in Boston says he's facing disciplinary action after renting out his dorm room on Airbnb. Jack Worth tells The Boston Globe he rented the room in early January to three guests on three separate nights. The 19- year-old sophomore says the listing was online for two weeks before school officials asked him to remove it.