Top News & Analysis Boston

  • Jan 18- State Street Corp will pay more than $64 million to resolve U.S. investigations into what prosecutors said was a scheme to defraud six clients through secret commissions on billions of dollars of trades, authorities said on Wednesday. Under the deal, State Street entered into a deferred prosecution agreement with federal prosecutors in Boston and...

  • Shanghai- based Dipont Education Management Group "has withdrawn from the project," Jerome Lucido, who heads a University of Southern California research center that has been working on it, said in a statement to Reuters. A committee of participating schools- including Stanford University, Columbia University, Massachusetts Institute of Technology and the...

  • BOSTON/ BEIJING, Jan 18- The hedge fund investment firm founded by Anthony Scaramucci said it will sell a majority of itself to RON Transatlantic EG and an arm of Chinese aviation and tourism conglomerate HNA Group, four days after Scaramucci took a position in President-elect Donald Trump's administration. For HNA Group, which announced about $20 billion of...

  • BOSTON— Imagine you're behind the wheel when your brakes fail. Researchers at the Massachusetts Institute of Technology are asking people worldwide how they think a robot car should handle such life-or-death decisions. "There is a real risk that if we don't understand those psychological barriers and address them through regulation and public outreach, we...

  • BOSTON, Jan 17- One of President-elect Donald Trump's top liaisons to Wall Street's business elite launched a mutual fund three years ago for mom-and-pop investors that lags most of its peers. Hedge fund impresario Anthony Scaramucci, 53, has secured a top White House job as an adviser and public liaison to government agencies and businesses.

  • BOSTON— Crime writer Patricia Cornwell has settled a lawsuit against her former business managers, avoiding a second trial for a case that dates to 2009.. Cornwell had claimed the New York accounting firm Anchin, Block& Anchin LLP was negligent in handling her finances and cost her millions in losses or unaccounted for revenue. A federal jury awarded the author...

  • BOSTON, Jan 17- JPMorgan Chase& Co Chief Executive Jamie Dimon has been no fan of Institutional Shareholder Services and once called investors "lazy" if they cast votes in corporate elections based on recommendations from the leading proxy adviser or its rival. Proxy Insight's findings, which it provided to Reuters News last week, come amid a debate over whether...

  • BOSTON— Donald Trump's election has propelled Sen. In just the past few weeks, Warren has penned a scathing 16- page critique of Trump's nominee for education secretary, Betsy DeVos; grilled his pick for housing secretary, Ben Carson; co-sponsored legislation requiring the president and vice president to disclose and divest any potential financial conflicts...

  • "There isn't any one thing," said Kenneth Feld, chairman and CEO of Feld Entertainment. " Major stops include Atlanta, Washington, Philadelphia, Boston and Brooklyn. The final shows will be in Providence, Rhode Island, on May 7 and in Uniondale, New York, at the Nassau County Coliseum on May 21.

  • "There isn't any one thing," said Kenneth Feld, chairman and CEO of Feld Entertainment. " Major stops include Atlanta, Washington, Philadelphia, Boston and Brooklyn. The final shows will be in Providence, Rhode Island, on May 7 and in Uniondale, New York, at the Nassau County Coliseum on May 21.

  • NEW YORK— Birds took the blame for bringing down the jetliner that "Sully" Sullenberger landed on the Hudson River eight years ago this weekend. An Associated Press analysis of bird-killing programs at the New York City area's three major airports found that nearly 70,000 gulls, starling, geese and other birds have been slaughtered, mostly by shooting and...

  • NEW YORK, Jan 13- U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Results and guidance from the big banks scheduled to report in the week ahead could boost the sector, according to John...

  • BOSTON— Students of the now-shuttered American Career Institute will have more than $30 million in federal student loans forgiven under a deal announced by Massachusetts' attorney general. Elizabeth Warren, a fellow Democrat, said American Career Institute preyed on students to rake in federal loan dollars. The school operated in Massachusetts and...

  • WASHINGTON— Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record. College graduates, on average, earned 56 percent more than high school grads in 2015, according to data compiled by the Economic...

  • BUENOS AIRES, Jan 12- Argentina clinched an 18- month financing deal worth $6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for $10 billion in 2017.. The sale will kick off an international financing program under which Argentina expects to sell $7 billion of...

  • NEW YORK, Jan 12- The three major U.S. stock indexes closed lower on Thursday as investors waited for fourth-quarter corporate earnings and details of U.S. President-elect Donald Trump's economic policy eight days ahead of his inauguration. On top of policy uncertainty, the market is missing stock buyback support in the quiet period ahead of earnings and...

  • Jan 12- The three major U.S. stock indexes declined on Thursday as investors awaited fourth-quarter earnings and details of President-elect Donald Trump's economic policy, bringing a pause to a rally driven by his campaign promises of lower taxes and fiscal stimulus. The S&P had risen 6.4 percent since the election of Donald Trump as president.

  • WASHINGTON— Americans with no more than a high school degree have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record. College graduates, on average, earned 56 percent more than high school grads in 2015, according to data compiled by the Economic...

  • It could also mean another shake-up for corporations still learning how to deal with election contests brought by big activist investors like Carl Icahn or Nelson Peltz. With New York City having the fourth-largest U.S. public pension system with some $170 billion in assets, Stringer has led the charge on bylaw changes known as "proxy access" under which...

  • NEW YORK, Jan 11- South Korea's export-led economy likely grew by 2.7 percent in 2016, slightly above the latest government estimate, and felt little impact from the impeachment of its president, the nation's finance minister told Reuters in an interview on Wednesday. Yoo, on a visit to New York and Boston to meet with investors and bankers to gauge their views on...