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Top News & Analysis Boston

  • Pilot models of the Uber self-driving car is displayed at the Uber Advanced Technologies Center on September 13, 2016 in Pittsburgh, Pennsylvania.

    Autonomous vehicles could reshape development and city planning more than the introduction of the automobile, Curbed reports.

  • May 16- The U.S. Justice Department for the second time in a month sued UnitedHealth Group Inc on Tuesday, accusing the nation's largest health insurer of obtaining over $1 billion from Medicare to which it was not entitled. The complaint, filed in federal court in Los Angeles, came after the Justice Department brought a separate but similar case against...

  • Attorney William Fitzpatrick in New Jersey, resolves claims by the federal government and 28 states arising out of a whistleblower lawsuit filed under the False Claims Act. The deal resolved civil claims arising from what the U.S. government said was Omnicare's submission of false claims for payment for drugs under the Medicare Part D and Medicaid programs...

  • WASHINGTON/ DETROIT, May 16- Investors on Tuesday shrugged off media reports that Ford Motor Co will announce plans to cut thousands of white-collar workers, highlighting the challenges facing Chief Executive Mark Fields. Fields, whose nearly three years at the helm have been marked by a languishing share price, is expected to announce as early as this week Ford...

  • The main indexes have been trading near record levels, supported largely by strong first-quarter earnings, but global geopolitical tensions and developments in Washington could unsettle the market's record-setting spree. Investors turned cautious after reports that President Donald Trump disclosed highly classified information to Russia's...

  • NEW YORK, May 16- The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker than expected U.S. housing data and concerns after political turmoil once more hit Washington. President Donald Trump disclosed highly classified information to Russia's foreign minister about a planned Islamic State operation. The story about Trump and...

  • While strong first-quarter earnings supported the indexes in the past few weeks, global geopolitical tensions and developments in Washington could unsettle the market's record-setting spree. Investors turned cautious after reports that President Donald Trump disclosed highly classified information to Russia's foreign minister about a planned...

  • Launched by MIT scientists, Ginkgo developed a technology that uses yeast to make perfumes, cosmetics, sweeteners and more.

  • May 15- A county in New York state has sued Purdue Pharma LP, Johnson& Johnson and other drugmakers, accusing them of engaging in fraudulent marketing that played down the risks of prescription opioid painkillers, leading to a drug epidemic. Those misrepresentations about drugs like Purdue's OxyContin and Endo's Opana ER led Orange County to incur health care,...

  • NEW YORK, May 15- Several big-name hedge fund investors trimmed their stakes in financial companies in the first quarter as hopes for immediate tax cuts and loosening of regulations after President Donald Trumps victory in November began to fade. Boston- based Adage Capital Management cut its position in Wells Fargo& Co, which has come under fire for its sales...

  • BOSTON— A $7.5 million class action settlement between Wal-Mart and a former employee who challenged the retail chain's lack of health insurance benefits for her same-sex spouse was approved by a federal judge on Monday. District Judge William Young approved the settlement after a brief hearing in federal court in Boston. Bentonville, Arkansas- based...

  • Pennsylvania Attorney General Josh Shapiro expanded on charges a Philadelphia judge approved a day earlier. The judge had signed off on two misdemeanor charges over Rachel Jacobs' death in the May 12, 2015, derailment. The criminal case is sure to bring new scrutiny to the National Transportation Safety Board finding that Bostian had lost "situational...

  • Fidelity portfolio managers Steven Wymer and Gavin Baker, currently crushing rival managers returns with big tech stock bets, led the way as the mutual fund giant sold 1.85 million shares in Buffalo Wild Wings during the first quarter. Activist hedge fund Marcato Capital Management, which owns 6 percent of Buffalo Wild Wings, has been courting big...

  • May 12- Florida's attorney general has demanded records from Koch Foods Inc, Wayne Farms LLC and other chicken companies in connection with an investigation into anticompetitive conduct within the poultry industry, according to newly released documents. The documents, obtained from Florida Attorney General Pam Bondi's office by Reuters on Thursday in...

  • PROVIDENCE, R.I.— When an exposed concrete subway vault near the U.S. Capitol was painted white this spring, riders rejoiced at the brightened Washington Metro station. A church in Atlanta was razed this spring, and the McKeldin Fountain near Baltimore's Inner Harbor disappeared this year. Earthquake concerns in the San Francisco Bay Area doomed architect...

  • An employee drives a Tesla Model S electric automobile, equipped with Autopilot hardware and software, hands-free on a highway.

    In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers.

  • BERLIN, May 11- The head of German sportswear company Adidas rejected calls from some shareholders on Thursday to sell the loss-making Reebok brand, saying he was confident that a restructuring plan would restore it to profitability. Chief Executive Kasper Rorsted made the comments at the Adidas annual meeting after two shareholders asked how much more time...

  • DETROIT— In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers. Humans routinely exceed it by 10 to 15 mph— just try entering the New Jersey Turnpike at normal speed. In Los Angeles and other places, for instance, there's the "California Stop," where drivers roll through stop signs if no traffic is...

  • BOSTON _ Pieris Pharmaceuticals Inc. on Wednesday reported a loss of $8 million in its first quarter. On a per-share basis, the Boston- based company said it had a loss of 19 cents. Keywords: Pieris Pharmaceuticals, Earnings Report.

  • BOSTON _ Civitas Solutions Inc. on Wednesday reported fiscal second-quarter earnings of $5.5 million. Civitas Solutions expects full-year revenue in the range of $1.48 billion to $1.52 billion. Civitas Solutions shares have declined almost 6 percent since the beginning of the year.