Top News & Analysis Boston

  • 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...

  • Aug 19- Massachusetts is preparing to levy a 5- cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry, a subsidy that appears to be the first of its kind in the United States. "They've been breaking the laws that are on the books, that we've been following for many years," said Larry Meister, manager of the Boston...

  • *All eyes on Fed; Jackson Hole meeting next week. Aug 19- The Dow Jones and S&P 500 were lower on Friday morning, pulled down by energy stocks as oil prices dropped and by financial shares as investors again focus on the timing of the next rate hike. Investors were also cagey ahead of next week's meeting of central bankers from around the world in Jackson Hole, Wyoming,...

  • LONDON, Aug 19- Equity funds attracted $5.1 billion of net inflows this week, building on last week's $6.5 billion of inflows as investors continued to pile into U.S. and emerging market stocks, Bank of America Merrill Lynch said on Friday. In the week to Wednesday, EM equity funds pulled in $5.1 billion and U.S. equity funds $1.9 billion, partly offset by outflows...

  • LONDON, Aug 19- Equity funds attracted $5.1 billion of inflows this week, building on last week's $6.5 billion of inflows as investors continued to pile into U.S. and emerging market stocks, Bank of America Merrill Lynch said on Friday. Over the past two weeks, EM equity funds have pulled in $5.1 billion and U.S. equity funds $1.9 billion, BAML said.

  • But for the Cape Cod- based International Fund for Animal Welfare, "Huntwatch"— a new documentary about the fight to end commercial seal hunts— is a story that needs to be told. Despite long-standing bans on the trade in fur and other seal products strictly enforced by the U.S., the European Union and much of the rest of the world, Canada still subsidizes an annual hunt.

  • Aug 19- Brazil and Argentina have seized the emerging markets spotlight in recent months thanks to investor-friendly political upheavals, but much smaller Peru is quietly stealing the show. Peru's S&P Lima General Index has topped all global emerging markets in local currency terms in 2016, romping to a 58 percent gain and far outpacing the 33 percent rise...

  • BOSTON— A Massachusetts man who already served time in prison for defrauding Home Depot has admitted doing it again. The U.S. attorney's office says 56- year-old Robert Dooley, of Salem, pleaded guilty Wednesday in Boston federal court to 10 counts of wire fraud. Prosecutors say Dooley conducted the scheme at least 40 times in January and February at stores in New...

  • Edward Pennings, a former State Street senior managing director who worked in the bank's London office, entered the plea in federal court in Boston on Monday to charges including securities fraud and wire fraud, prosecutors said. Pennings, a Dutch citizen who resides in the United Kingdom, was released on a $2 million bond, according to a spokeswoman for the U.S....

  • "This caused its plans and their participants to suffer hundreds of millions of dollars in losses of retirement savings," said law firm Sanford Heisler LLP, which filed the complaint in U.S. District Court in Manhattan. Other well-known universities have also recently been sued over the management of their retirement plans, including the Massachusetts...

  • *Stocks slip globally; Wall Street off record highs. NEW YORK, Aug 16- Wall Street stocks fell the most in two weeks on Tuesday, following European and Asian bourses lower after weak U.S. data and comments by Federal Reserve policymakers that the Fed could raise interest rates as early as next month. New York Fed President William Dudley and Atlanta Fed chief Dennis...

  • NEW YORK, Aug 16- U.S. New York Fed President William Dudley and Atlanta Fed chief Dennis Lockhart's comments concurred with data that showed moderate economic growth with inflation still running below the Fed's 2 percent goal. "The Fed wants to telegraph that it is in the process of normalizing rates and the market is underpricing a rate hike for this year," said...

  • NEW YORK, Aug 16- U.S. New York Fed President William Dudley and Atlanta Fed chief Dennis Lockhart's comments concurred with data that showed moderate economic growth with inflation still running below the Fed's 2 percent goal. "The Fed wants to telegraph that it is in the process of normalizing rates and the market is underpricing a rate hike for this year," said...

  • Edward Pennings, a former State Street senior managing director who worked in the bank's London office, entered the plea in federal court in Boston on Monday to charges including securities fraud and wire fraud, prosecutors said. Pennings, a Dutch citizen who resides in the United Kingdom, was released on a $2 million bond, according to a spokeswoman for the U.S....

  • Edward Pennings, a former State Street senior managing director who worked in the bank's London office, pleaded not guilty in federal court in Boston on Monday to charges including securities fraud and wire fraud, prosecutors said. Pennings, a Dutch citizen who resides in the United Kingdom, was released on a $2 million bond, according to a spokeswoman for the U.S....