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Top News & Analysis Boston

  • BOSTON, Feb 28- Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38 percent for retail brokerage clients. Boston- based Fidelity's price reduction to $4.95 from the previous commission of $7.95 a trade, will likely put pressure on the rest of the U.S. brokerage industry. Discount brokers TD Ameritrade...

  • BOSTON, Feb 27- Fidelity Investments plans to offer voluntary buyouts to employees who are 55 years or older, and who have worked for the Boston- based fund firm at least 10 years, a company executive said on Monday. For instance it recently described plans to lay off 100 employees who work near Dallas, while adding 135 new workers in Albuquerque, New Mexico, according...

  • Last Thursday, video game publisher ZeniMax Media Inc asked a Dallas federal judge to issue an order barring Facebook unit Oculus from using or distributing the disputed code, part of the software development kit that Oculus provides to outside companies creating games for its Rift VR headset. Oculus spokeswoman Tera Randall said last Thursday the company...

  • ALBUQUERQUE, N.M.— On a patch of tribal land in western New Mexico, a company plans to build a $160 million state-of-the-art greenhouse for researching and growing medicinal plants, including marijuana. Bright Green Group of Companies is partnering with Acoma Pueblo on what would be the nation's largest commercial growing operation, by far dwarfing medical...

  • BOSTON— The eight Massachusetts Bay Transportation Authority trains that derailed last year were the most of any light rail public transit agency in the country. The New Orleans Regional Transit Authority and the San Francisco Municipal Railway each had six derailments. Jeffrey Gonneville, the MBTA's chief operating officer, tells The Boston Globe that the...

  • BOSTON _ American Tower Corp. on Monday reported a key measure of profitability in its fourth quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.38 per share. Eight analysts surveyed by Zacks expected $1.55 billion.

  • The case tugs at the heartstrings: A popular Kansas State University professor battles breast cancer, then leukemia. Grace Hwang's lawsuit was one of many employee cases heard by federal appeals court Judge Neil Gorsuch, President Donald Trump's pick for the Supreme Court. The majority opinion he wrote siding with Kansas State is illustrative.

  • BOSTON— A new nickname for the river valley in western Massachusetts isn't sitting well with some residents. Pioneer Valley generally refers to the Massachusetts portion of the Connecticut River Valley. It includes Springfield, New England' s fourth largest city, and the college towns of Amherst, Northampton and Holyoke.

  • Pruitt added the EPA's focus on combating climate change under former President Barack Obama had cost jobs and prevented economic growth, leading many Americans to want to see the EPA eliminated completely. "I think people across this country look at the EPA much like they look at the IRS. Pruitt was confirmed as EPA head last week.

  • The case tugs at the heartstrings: A popular Kansas State University professor battles breast cancer, then leukemia. Grace Hwang's lawsuit was one of many employee cases heard by federal appeals court Judge Neil Gorsuch, President Donald Trump's pick for the Supreme Court. The majority opinion he wrote siding with Kansas State is illustrative.

  • BOSTON, Feb 23- Mutual funds run by Fidelity Investments and T. Rowe Price Group Inc could be poised for a quick win on the upcoming public debut of Snap Inc. That demand could indicate Snap shares would trade above the current estimated IPO range of $14 to $16 a share. T. Rowe's Institutional Large-Cap Growth Fund this week disclosed that it valued its 1.29 million...

  • LONDON, Feb 24- Economic turnaround in Russia and Brazil may be tempting investors back to BRIC equity funds, with EPFR Global on Friday reporting such funds took in new cash for two weeks in a row for the first time in five months. The Boston- based fund tracker said funds dedicated to the BRIC cohort- Brazil, Russia, India and China- had received $45 million so far in...

  • BOSTON— The owner of a Boston company facing manslaughter charges stemming from the deaths of two employees in a trench collapse has been released on personal recognizance. Kevin Otto and an attorney for the company, Atlantic Drain Services Inc., both entered not guilty pleas at Thursday's arraignment. Authorities say 47- year-old Robert Higgins and 53-...

  • BOSTON _ Houghton Mifflin Harcourt Co. on Thursday reported a loss of $181 million in its fourth quarter. On a per-share basis, the Boston- based company said it had a loss of $1.48. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.

  • The Boston- based real estate investment trust said it had funds from operations of $131.2 million, or 50 cents per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share. Five analysts surveyed by Zacks expected $938.3 million.

  • BOSTON _ Wayfair Inc. on Thursday reported a loss of $44 million in its fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share. Wayfair shares have climbed 18 percent since the beginning of the year.

  • WARWICK, R.I.— Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York. Norwegian Air announced Thursday that it's opening new flight crew bases and plans to hire pilots and flight attendants at Rhode...

  • PEORIA, Ill.— Peoria Mayor Jim Ardis planned to open this year's State of the City speech by thanking Caterpillar Inc. for its longtime commitment to the central Illinois town, declaring "We wouldn't be Peoria without Caterpillar." It's been that way for decades in Peoria and in other company towns across the United States. Caterpillar's recent decision to move...

  • BOSTON _ Boston Beer Co. on Wednesday reported fourth-quarter net income of $22.2 million. On a per-share basis, the Boston- based company said it had profit of $1.75. For the year, the company reported profit of $87.3 million, or $6.79 per share.

  • BOSTON _ Safety Insurance Group Inc. on Wednesday reported fourth-quarter net income of $12 million. Safety Insurance shares have dropped slightly since the beginning of the year. Keywords: Safety Insurance, Earnings Report.