×

Top News & Analysis Boston

  • BOSTON, May 9- Insys Therapeutics Inc's chief executive said on Tuesday it was working to resolve a U.S. Justice Department probe, after prosecutors accused several former executives of leading a scheme to bribe doctors to prescribe a fentanyl-based pain medication. Saeed Motahari, who took over as the Arizona- based drugmaker's CEO just over three weeks ago,...

  • BOSTON/ NEW YORK May 9- The average S&P 500 chief executive made $13.1 million last year, 347 times more than the average U.S. worker, according to a labor group analysis released on Tuesday, up from 335 times as much in the previous year. The widening pay gap reflects a growing income inequality, according to the AFL-CIO, the largest federation of U.S. labor unions,...

  • NEW YORK, May 5- A glance at the U.S. stock market's main measure for the health of retailers suggests all is well among those companies in the business of peddling stuff directly to consumers. First-quarter earnings reports from Macy's Inc, Nordstrom Inc, Kohl's Corp and JCPenney Co Inc are expected to be sobering, but could shed some light on whether wrenching...

  • The 10th U.S. Circuit Court of Appeals in Denver declined to rehear the case of Colorado businessman David Bandimere, which led to a major setback for the SEC amid attacks by defendants who question its administrative court system's fairness. Lucero said the three-judge panel's December ruling "presents a threat of disruption throughout our government" and...

  • BOSTON, May 3- A Massachusetts man was sentenced on Wednesday to two years in prison after being convicted of trying to defraud DreamWorks Animation through a bogus copyright lawsuit claiming it stole the characters and story from him for its film " Kung Fu Panda." Prosecutors in Boston said that after seeing a trailer for the yet-to-be-released animated film in...

  • The verdict by a federal jury in New Orleans came in a lawsuit filed by Joseph Boudreaux of Louisiana. William Foster, a spokesman for J&J's Janssen Pharmaceuticals Inc unit, said the verdict reflected the case's facts and the appropriateness of Xarelto's prescribing information. In a joint statement, Andy Birchfield and Brian Barr, lawyers for Boudreaux, said...

  • May 3- A federal jury has cleared Bayer AG and Johnson& Johnson of liability in the first trial to flow out of thousands of lawsuits blaming injuries on the blood thinner Xarelto, the drugmakers said on Wednesday. The verdict by a federal jury in New Orleans came in a lawsuit filed by Joseph Boudreaux of Louisiana. It was the first in a series of test trials in the...

  • FRANKFURT, May 3- French carmaker Peugeot is partnering with Boston, Massachusetts- based tech firm nuTonomy to test self-driving cars in Singapore. Autonomous driving in urban areas requires a more radical approach to vehicle design, particularly for software and sensors, to help a car navigate inner city obstacles, said Anne Laliron, Head of the Business Lab...

  • The complaint, filed in federal court in Los Angeles on Monday, came after the Justice Department earlier this year intervened in two separate whistleblower lawsuits against the country's largest health insurer. "This action sends a warning that our office will continue to scrutinize and hold accountable Medicare Advantage insurers to safeguard the...

  • The complaint, filed in federal court in Los Angeles on Monday, came after the Justice Department in February intervened in a whistleblower lawsuit filed by a former UnitedHealth executive.

  • *Apple hits record high a day before results. May 1- Wall Street climbed on Monday, boosted by gains in Apple and other big tech stocks that more than offset weak economic data and pushed the Nasdaq Composite to another record high. Apple shares jumped 2 percent and set a record high, supporting the three major Wall Street indexes.

  • *Financials gain despite Trump's bank breakup comments. May 1- Wall Street rose on Monday, boosted by gains in Apple and other big tech stocks that more than offset weak economic data and pushed the Nasdaq to another record high. Apple shares jumped 2.1 percent and set a record high, boosting all the three major Wall Street indexes.

  • BOSTON, May 1- The French parent of asset manager AllianceBernstein fired its longtime leader Peter Kraus, replacing him with a new chief executive and and new chairman, and overhauled the firm's board, according to a filing Monday that offered little explanation for the unexpected changes. New York- based AllianceBernstein, which is 64 percent owned by...

  • *Light trading as Europe, other markets close for May Day. NEW YORK, May 1- Apple shares hit a record high on Monday, lifting U.S. stocks and a gauge of key world equity indexes, while data on U.S. drilling and output kept downward pressure on oil prices. Global trading was light, with some markets in Europe and Latin America closed for the May Day holiday, while Japan was...

  • *Consumer spending unchanged in March; inflation subsides. May 1- Wall Street was higher in late morning trading on Monday as gains in technology stocks, led by Apple, more than offset weak economic data and pushed the Nasdaq to another record high. Apple shares jumped as much as 1.8 percent to a record high of $146.29, boosting all the three major Wall Street indexes.

  • BOSTON, April 28- The Massachusetts attorney general sued a unit of Ocwen Financial Corp on Friday, accusing the mortgage servicing company of engaging in abusive practices that harmed thousands of homeowners in the state. The lawsuit, filed in Suffolk County Superior Court, came a week after the U.S. Consumer Financial Protection Bureau, the Florida attorney...

  • *Asia ex- Japan, Nikkei set to post strong gains for the week. *Japan inflation, manufacturing output disappoint. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, putting it on pace to end the week up 1.9 percent, which would be its best week in six.

  • NEW YORK, April 27- The Nasdaq Composite ended at a record high on Thursday, boosted by results-related gains in Comcast, PayPal and Intuit, while the S&P 500 and the Dow were little changed. Earnings were back in the spotlight, a day after the Trump administration unveiled its tax reform priorities without details on how the reform would be paid for, raising...

  • NEW YORK, April 27- The Nasdaq Composite ended at a record high on Thursday, boosted by results-related gains in Comcast, PayPal and Intuit, while the S&P 500 and the Dow were little changed. Earnings were back in the spotlight, a day after the Trump administration unveiled its tax reform priorities without details on how the reform would be paid for, raising...

  • *Oil slumps as Libya restarts oilfields. NEW YORK, April 27- A gauge of world stock markets slipped on Thursday as a three-day rally stalled in the wake of a largely expected U.S. tax cut plan, while the euro weakened after comments from European Central Bank President Mario Draghi. "Most folks were expecting a build in earnings acceleration and that's what we've got,"...