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Top News & Analysis Boston

  • BOSTON, Feb 16- Fidelity Investments said on Thursday its financial services operating profit rose 19.5 percent to $3.5 billion in 2016 despite massive withdrawals of investor money from its actively managed stock funds. Revenue totaled $15.9 billion in 2016, an increase of 3.4 percent over 2015, according to Boston- based Fidelity, which is controlled by...

  • The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion but fell short by targeting a valuation between $19.5 billion and $22.3 billion ahead of its marketing road show, due to start on Monday in London. "I think that the lower proposed valuation reflects feedback from...

  • BOSTON, Feb 16- Fidelity Investments said on Thursday its financial services operating profit rose 19.5 percent to $3.5 billion in 2016, despite massive withdrawals of investor money from its actively managed stock funds. Boston- based Fidelity, which is controlled by the family of Chairman Abigail Johnson, said 2016 revenue was $15.9 billion, an increase of...

  • In Massachusetts, a group that lobbies on behalf of dentists has for the first time signaled a willingness to embrace the concept, though its proposal is viewed as unnecessarily restrictive by sponsors of a competing bill in the Legislature. "We are not a silver bullet for helping access to dental care, but we are a great tool," said Christy Jo Fogarty, a dental...

  • Fine restaurants in New York, San Francisco and the nation's capital closed for the day. Grocery stores, food trucks, coffee shops, diners and taco joints in places like Chicago, Los Angeles and Boston shut down. I don't know if my mom will make it home, "said Hessel Duarte, a 17- year-old native of Honduras who lives in Austin, Texas, with his family and skipped class at his...

  • Dermatologists and other specialists are three times more likely than primary care providers to prescribe brand name versions of drugs known as topical immunomodulators.

  • "A Day Without Immigrants" actions are planned in cities including Philadelphia, Washington, Boston and Austin, Texas. Washington restaurateur John Andrade said he would close his businesses Thursday, and David Suro, owner of Tequilas Restaurant in Philadelphia and a Mexican immigrant, said he also planned to participate. The Davis Museum at Wellesley College...

  • NEW YORK, Feb 15- Stocks on major world markets climbed on Wednesday and U.S. Fed Chair Janet Yellen on Tuesday, which she repeated to the House of Representatives on Wednesday, that the central bank would probably need to raise rates at one of the upcoming meetings. "She has made it clear that she wants to raise rates," said Neil Massa, senior equity trader at Manulife...

  • Feb 15- Wall Street rose on Wednesday, with the S&P on course for a 7- day winning streak for the first time since September 2013, after President Donald Trump repeated his promise of tax cuts and upbeat economic data increased the odds of a rate hike. Federal Reserve Chair Janet Yellen, in a testimony before the House Financial Services Committee, stood by the...

  • Feb 15- Wall Street's record-setting run entered its fifth day on Wednesday, as President Donald Trump repeated his promise of tax cuts and on upbeat economic data that increased the odds of a rate hike and lifted bank stocks. Federal Reserve Chair Janet Yellen, in a testimony before the House Financial Services Committee, stood by the stance she took on Tuesday...

  • WESTPORT, Mass.— H.C. "Cal" Thornton, a longtime executive with United Press International and later the Los Angeles Times-Washington Post News Service, has died. The Lynchburg, Virginia, native began work as a reporter in the 1950 s for United Press after studying philosophy at the University of Chicago. He later moved to the business side of the industry as a sales...

  • BOSTON— The government of Bermuda has sued a Massachusetts hospital, saying it bribed the island's former leader in order to secure business there. The Boston Globe reports that the federal suit filed Tuesday alleges that Lahey Hospital and Medical Center and Ewart Brown, a doctor who was Bermuda's premier from 2006 to 2010, were part of a racketeering...

  • *Hong Kong stocks pumped and dumped by cyber hackers. HONG KONG, Feb 15- Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages- a little-known type of computer-generated fraud that surged in the Chinese territory last year. At least seven brokers and eight banks have been targeted in Hong Kong, including HSBC Holdings...

  • BOSTON _ NewStar Financial Inc. on Tuesday reported fourth-quarter earnings of $10.3 million. On a per-share basis, the Boston- based company said it had net income of 23 cents. For the year, the company reported profit of $28.2 million, or 61 cents per share.

  • BOSTON, Feb 13- Executive pay that is disproportionate to a company's past performance may also signal that poor returns are coming, according to a study released on Monday by shareholder activist group As You Sow. The Oakland, California, nonprofit found the average returns for the 100 S&P 500 companies it previously identified as having the most questionable...

  • BOSTON, Feb 13- Executive pay that is disproportionate to a company's past performance may also signal that poor returns are coming, according to a study set for release on Monday by shareholder activist group As You Sow. The Oakland, California nonprofit found the average returns for the 100 S&P 500 companies it had previously identified as having the most...

  • BOSTON, Feb 13- Executive pay that is disproportionate to a company's past performance may also signal that poor returns are coming, according to a study set for release on Monday by shareholder activist group As You Sow. The Oakland, California nonprofit found the average returns for the 100 S&P 500 companies it had previously identified as having the most...

  • The White House is not ruling out the possibility of rewriting Trump's Jan. 27 order in light of the actions by a federal judge in Seattle and an appeals court in San Francisco putting the directive on hold, an administration official said. "SEE YOU IN COURT," Trump said in a Twitter post on Thursday after Thursday's ruling by a three-judge panel of the 9th U.S. Circuit...

  • The administration will continue to defend the executive order- both in the case that produced Thursday's ruling and possibly at the Supreme Court- and in more than a dozen additional lawsuits now moving through the U.S. court system. "SEE YOU IN COURT," Trump said in a Twitter post on Thursday after the ruling by a three-judge panel of the 9th U.S. Circuit Court of...

  • NEW YORK— Passengers aboard a Boston- bound Amtrak train said Friday they were stuck in New York City overnight for about five hours without heat. It was nasty, "said passenger Sharon Rice as she finally arrived in Boston's South Station just after noon Friday. Jane Schumacher, of Boston, said the worst part of the experience was "freezing in the dark" and not knowing...