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Top News & Analysis Boston

  • NEW YORK, May 26- Two fossil fuel industry groups dropped their attempts to intervene in a court case over climate change this week after failing to reach an agreement on a unified legal position on climate science, court filings show. The American Petroleum Institute and the National Association of Manufacturers, prominent trade groups in the oil and gas...

  • John Couch, who with Xiulu Ruan ran the Physicians Pain Specialists of Alabama clinics, was sentenced by U.S. District Judge Callie Granade in Mobile, Alabama, after a jury in March found them guilty of racketeering conspiracy and other felonies. According to court papers, Physician's Pain Specialists of Alabama had two clinic locations in Mobile.

  • Travelers at some U.S. airports are being asked to place electronic devices bigger than a cellphone in separate bins so that they can be examined more closely. The Transportation Security Administration said Wednesday that it has been testing the procedure at 10 airports for more than a year, and it may be expanded nationwide. The pilot program is "an effort to...

  • SAVANNAH, Ga.— President Donald Trump wants $108 million to deepen harbors for two U.S. seaports, while other ports scrambling to make room for larger cargo ships will benefit from a boost of more than $56 million already approved by Congress. While Congress has authorized 15 total port projects to pursue deeper and wider shipping channels, Trump's proposed...

  • Joseph Aspirin, Sudafed, Pepcid, Mylanta, Rolaids, Zyrtec, and Zyrtec Eye Drops, the Illinois attorney general said in a news release. "Johnson& Johnson's disregard for proper manufacturing practices of children's medications was unacceptable," Illinois Attorney General Lisa Madigan said in a statement. J&J's McNeil unit previously in 2015 pleaded guilty to...

  • BOSTON _ Eaton Vance Corp. on Wednesday reported fiscal second-quarter profit of $72 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Three analysts surveyed by Zacks expected $371.1 million.

  • BOSTON— A Boston museum has doubled its reward to $10 million for information that leads to the return of 13 works of art stolen more than two decades ago in the largest art heist in U.S. history. Two men dressed in Boston police uniforms gained entrance to the museum on March 18, 1990, by telling the security guard at the watch desk that they were responding to a...

  • BOSTON, May 23- A former Eaton Vance Corp portfolio manager pleaded guilty on Tuesday to an illegal options trading scheme that defrauded the company and allowed him to make $1.9 million in profits. Kevin Amell, who had been a vice president at the asset management company, pleaded guilty in Boston federal court to one count of securities fraud as part of a plea...

  • NEW YORK, May 23- Fidelity Investments will allow its clients to see their holdings of bitcoin and other virtual currencies held on digital asset exchange Coinbase on the company's website, said Chief Executive Abigail Johnson on Tuesday. The move will make the Boston- based asset manager one of a handful of large financial services firms to have integrated...

  • May 23- Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector. Guided by a team of eight investment professionals, the new business will make investments of between $30 million and $70 million in public and private life sciences companies in areas ranging...

  • At least six other states are considering similar laws, to ease the burden of student debt that has doubled since 2008 to over $1.3 trillion, according to the Federal Reserve Bank of New York. "There are many schools that are going to be losers in this game," said R.J. Gallo, a portfolio manager at Federated Investors in New York. Gallo, who owns debt issued by well-known...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. Corporations were also tapping investors for cash with bankers expecting $35 billion in investment-grade deals this week, according to IFR, a Thomson Reuters unit.

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. Corporations were also tapping investors for cash with bankers expecting $35 billion in investment-grade deals this week, according to IFR, a Thomson Reuters unit.

  • HARTFORD, Conn.— A court on Monday overturned an order for a Connecticut financier to pay nearly $90,000 in attorney fees racked up by a British television host during a long-running and bitter international child custody dispute. Custody proceedings remain pending in England. His father, Pierre Rinfret, was an economic adviser to Presidents John F. Kennedy,...

  • BOSTON, May 22- A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. Yasuna Murakami, who managed Cambridge, Massachusetts- based MC2 Capital Management LLC, was arrested in Vermont on Saturday and charged in a criminal complaint with...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. They announced seven investment-grade deals and seven junk bond offerings on Monday, according to IFR, a Thomson Reuters unit.

  • A tech inventor said Visa began work on the Apple Pay technology with Apple, MasterCard and American Express, after talks to work with him.

  • NEW YORK, May 19- With S&P 500 companies set to notch their strongest quarterly earnings growth in about six years, a weaker U.S. dollar may help keep the profit momentum rolling and support share prices in the weeks to come. After a dramatic week in Washington that rattled financial markets, one possible silver lining for stock investors was the weaker dollar,...

  • NEW YORK, May 19- U.S. stocks rallied on Friday as strong corporate earnings lifted investors' spirits in a week dominated by uncertainty surrounding Donald Trump's U.S. presidency. "You've had no Washington drama today and decent earnings," said David Joy, chief market strategist at Ameriprise Financial in Boston. With Washington not in the headlines, we can focus...

  • Rahma Warsame of the Mayo Clinic. Results were released Wednesday by the American Society of Clinical Oncology and will be discussed next month at its annual meeting in Chicago. For the study, researchers taped 529 conversations between doctors and patients with various types of cancer at three outpatient clinics— the kind of places chemo often is given— at...