Top News & Analysis Boston

  • Aug 26- Carl Icahn said he did not attempt to sell his Herbalife Ltd stake, and had instead bought more shares in the health supplements maker, rejecting hedge fund manager Bill Ackman's claim that he had been offered some of Icahn's shares. "Completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our...

  • *Approached to buy Herbalife shares- Ackman. Aug 26- Herbalife Ltd's biggest critic, hedge fund manager Bill Ackman, said he had been approached to buy shares in the nutritional supplements maker from billionaire investor Carl Icahn. Ackman, who has bet more than $1 billion against Herbalife, said on CNBC that Icahn's planned stake sale would accelerate the...

  • NEW YORK, Aug 24- A U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's affiliate on the island to pay a special corporate tax that the retailer claimed was discriminatory and violated the U.S. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its...

  • NEW YORK, Aug 24- A U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's affiliate on the island to pay a special corporate tax the retailer claimed was discriminatory and violated the U.S. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its alternative...

  • Aug 24- A U.S. appeals court said on Wednesday that Puerto Rico could not force Wal-Mart Stores Inc's affiliate there to pay a special corporate tax that the retailer said was discriminatory and violated the U.S. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking the U.S. territory from imposing its alternative minimum tax against...

  • *Investors in China warehouses include Warburg Pincus, Carlyle. *China online shopping revenues expected to hit $1.1 trln in 2018. "The thinking was even if it didn't necessarily scale to the size we were anticipating, we had a good sense that while Boston is a pretty decent size city in the U.S., China should have far more modern warehousing space over the longer term,"...

  • *Investors in China warehouses include Warburg Pincus, Carlyle. *China online shopping revenues expected to hit $1.1 trln in 2018. "The thinking was even if it didn't necessarily scale to the size we were anticipating, we had a good sense that while Boston is a pretty decent size city in the U.S., China should have far more modern warehousing space over the longer term,"...

  • NEW YORK— An ambitious effort to replace obsolete New York City pay phones with Wi-Fi kiosks that offer free web surfing and phone calls has been a hit with panhandlers and the homeless, the least wired people in the city. That's the best part about it, "said a tall man drinking a beer out of a paper bag as he watched an R. Kelly video at a terminal on Eight Avenue in...

  • BANGOR, Maine— The closing of one of the last two Howard Johnson restaurants in a couple of weeks will mark the end of its fried clam strips, ice cream and other menu staples that nourished baby boomers and leave the once-proud restaurant chain teetering on the brink of extinction. The slice of roadside Americana will no longer be served up in Bangor after Sept. 6.

  • NEW YORK, Aug 23- Procter& Gamble Co's Gillette unit on Tuesday sued the maker of Schick razors, claiming it falsely marketed a line of private label three-blade razors and cartridges as being equal to or better than its popular Mach3. Gillette said tests of men aged 18 to 55 showed that razors from Edgewell Personal Care Co created a "statistically significant...

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • WASHINGTON, Aug 22- The U.S. So far three other Fed policymakers, New York's William Dudley, Cleveland's Loretta Mester and Boston's Eric Rosengren, are also scheduled to show up. A Fed spokesman said Federal Reserve Governor Lael Brainard from the Washington- based Board of Governors also plans to attend the meeting.

  • WASHINGTON, Aug 22- The U.S. So far three other Fed policymakers, New York's William Dudley, Cleveland's Loretta Mester and Boston's Eric Rosengren, are also scheduled to attend. A Fed spokesman had no immediate comment on whether any members of the Fed's Washington- based Board of Governors would also attend the meeting.

  • WASHINGTON, Aug 22- The U.S. So far three other Fed policymakers, New York's William Dudley, Cleveland's Loretta Mester and Boston's Eric Rosengren, are also scheduled to attend. A Fed spokesman had no immediate comment on whether any members of the Fed's Washington- based Board of Governors would also attend the meeting.

  • WASHINGTON, Aug 22- The U.S. So far three other Fed policymakers, New York's William Dudley, Cleveland's Loretta Mester and Boston's Eric Rosengren, are also scheduled to attend. A Fed spokesman had no immediate comment on whether any members of the Fed's Washington- based Board of Governors would also attend the meeting.

  • SOMERVILLE, Mass.— No more legal hurdles stand in the way of Wynn's long-delayed Boston- area casino after Somerville announced Monday it was withdrawing the last of its challenges. Mayor Joseph Curtatone announced the city north of Boston won't appeal a decision last month by the Massachusetts Department of Environmental Protection that granted Wynn a...

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • Commissioner Basil Seggos said dredging improved the Hudson but the federal Environmental Protection Agency needs to re-evaluate the six-year project and get objective analyses in its ongoing review of fish, water and sediment data. At least 136 acres of river bottom and 35 percent of the PCBs, an oil-like substance discharged from factories in Fort Edward...

  • BOSTON— The head of Monster Worldwide has told graduating students at Wentworth Institute of Technology to be creative and agile as they enter the workforce. Wentworth alum Mark Stoever is the president and COO of Monster. Stoever and fellow Wentworth alum Faraj Aalaei, CEO and president of Aquantia Corp., were awarded honorary doctor of engineering degrees...

  • NEW YORK, Aug 19- New York has knocked off London as the world's premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital's appeal as a global financial center. New York gained $10.3 billion in cross-border investments in the first six months of the year compared with the...