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  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 12 percent at $17.38, while the S&P financial index rallied 4 percent, its largest daily percentage gain since November 2011. "Europe was strong and especially the banks in Europe, and that appeared to have some positive carryover effect on sentiment towards banking...

  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 11.3 percent at $17.27, while the S&P financial index rallied 3.8 percent. "Europe was strong, especially the banks, and that appeared to have some positive carryover effect on banking stocks here in the U.S.," said John Carey, portfolio manager at Pioneer Investment...

  • Feb 12- BlackRock Inc's $1.9 billion Obsidian hedge fund recorded losses in January, suffering its worst start to the year in its nearly 20- year history, but the fund was narrowing those losses so far in February. Through Jan. 31, the fund posted a negative 4 percent return, according to an estimate the hedge fund provided to investors, a copy of which was seen by...

  • BOSTON— A fuel van has struck a plane at Boston's Logan Airport, damaging the jet but causing no injuries to the passengers. Authorities say the van, which did not have a driver, struck a Tampa, Florida- bound JetBlue plane at a gate at about 6 a.m. Friday. JetBlue says in a statement that the aircraft is being inspected and passengers were placed on other flights to Tampa.

  • Brightcove beats Street 4Q forecasts Thursday, 11 Feb 2016 | 6:11 PM ET

    BOSTON _ Brightcove Inc. on Thursday reported fourth-quarter net income of $172,000, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. For the current quarter ending in April, Brightcove expects its results to range from a loss of 1 cent per...

  • Ex-Irish bank executive agrees to return to Ireland Thursday, 11 Feb 2016 | 5:59 PM ET

    BOSTON— The former chief executive of Anglo Irish Bank, now living in Boston, has dropped his fight against extradition and agreed to return to Ireland to face fraud charges. He left Ireland after the bank collapsed. But on Thursday, Drumm agreed to return to Ireland.

  • LPL Financial posts 4Q profit Thursday, 11 Feb 2016 | 5:57 PM ET

    BOSTON _ LPL Financial Holdings Inc. on Thursday reported fourth-quarter profit of $26.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. LPL Financial shares have declined 41 percent since the beginning of the year.

  • LogMein beats Street 4Q forecasts Thursday, 11 Feb 2016 | 4:57 PM ET

    BOSTON _ LogMein Inc. on Thursday reported fourth-quarter earnings of $6.2 million. Six analysts surveyed by Zacks expected $74.5 million. For the current quarter ending in April, LogMein expects its per-share earnings to range from 29 cents to 30 cents.

  • BOSTON, Feb 11- The former head of Anglo Irish Bank agreed in a Boston courtroom on Thursday to be extradited to his native Ireland to face criminal charges related to the bank's collapse. U.S. officials arrested David Drumm, 49, at his home in the wealthy Boston suburb of Wellesley on Oct. 10 after Irish officials asked that he be sent back to face a 33- count criminal...

  • BOSTON— A federal jury has rejected claims by a group of Massachusetts smokers who sued Philip Morris USA to try to force the cigarette maker to pay for lung cancer screenings. Instead they wanted Philip Morris to pay for a medical-monitoring program, including three-dimensional chest scans that can detect signs of early-stage lung cancer.

  • WELLESLEY, Mass.— Wellesley College has named a Harvard Medical School faculty member as its next president. Paula Johnson will also be Wellesley's first black president. Johnson is on Harvard's faculty and serves as chief of the Division of Women's Health at the medical school and Boston's Brigham and Women's Hospital.

  • Hearing focuses on proposed ban on some animal products Thursday, 11 Feb 2016 | 2:00 AM ET

    BOSTON— While both critics and supporters of a proposed ban on the sale of food products from farms that keep animals in overly restrictive cages say the measure would likely raise egg prices in Massachusetts, supporters contend consumers would barely notice the increases. "Just because they are food animals doesn't mean they don't deserve our respect," said...

  • Feb 10- Activist investor William Ackman's Pershing Square Holdings portfolio tumbled 18.6 percent so far this year, according to an investor with knowledge of the numbers. The comes after Pershing Square ended 2015 with its largest ever annual loss. Ackman said in a recent letter that many big investors who had followed him into stocks were now selling out as...

  • Rapid7 reports 4Q loss Wednesday, 10 Feb 2016 | 6:01 PM ET

    BOSTON _ Rapid7 Inc. on Wednesday reported a loss of $21.1 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share. For the current quarter ending in April, Rapid7 expects its results to range from a loss of 26 cents per share to a loss of 23 cents per share.

  • BOSTON, Feb 10- Fidelity's high-flying OTC Portfolio, which has trounced benchmark returns over the past several years, is taking a beating in the early going of 2016 that is nearly unrivaled in the U.S. mutual fund industry. That is worse than 98 percent of peers running large-cap growth funds, according to Lipper Inc.. It has been an upside-down year for the 39-...

  • NewStar posts 4Q profit Wednesday, 10 Feb 2016 | 7:49 AM ET

    BOSTON _ NewStar Financial Inc. on Wednesday reported fourth-quarter earnings of $4.2 million. On a per-share basis, the Boston- based company said it had net income of 9 cents. Keywords: NewStar Financial, Earnings Report.

  • Civitas Solutions reports 1Q loss Tuesday, 9 Feb 2016 | 4:37 PM ET

    BOSTON _ Civitas Solutions Inc. on Tuesday reported a loss of $5.6 million in its fiscal first quarter. Civitas Solutions expects full-year revenue in the range of $1.4 billion to $1.44 billion. Civitas Solutions shares have declined 32 percent since the beginning of the year.

  • Drug prices jumped about 13 percent in the United States last year, spurring a public outcry and moving the issue onto the campaign platform of Hillary Clinton and other U.S. presidential candidates for the November 2016 election. The agreement applies to Cigna's commercial business and does not apply to its Medicaid or Medicare plans. Entresto, which costs...

  • Chipotle urges workers to stay home if they're sick Monday, 8 Feb 2016 | 3:01 AM ET

    NEW YORK— Chipotle repeatedly told employees they need to stay home if they feel sick and the restaurant chain kept all its U.S. locations shuttered early Monday as executives went over new food safety procedures. "If you're feeling sick, especially if you've vomited, whether at work or at home, you need to let your manager or your field leader know right away," Moran...

  • NEW YORK— Chet Kanojia, the founder of startup TV service Aereo, has a new offering that could shake up the cable industry again. The service is expected to launch this summer, starting in Boston. In an interview with The Associated Press, Kanojia insists he's not going after the cable industry— but his service would compete directly with cable companies'...