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Massachusetts

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  • SAN FRANCISCO— A long legal battle over accusations that a prominent Silicon Valley venture capital firm demeaned women and held them to a different standard than their male colleagues became a flashpoint in the ongoing discussion about gender inequity at elite technology and venture capital firms. Though Ellen Pao lost her lawsuit against Kleiner...

  • Charlie Baker formally asked the federal government on Friday to declare a disaster in 10 Massachusetts counties after a relentless series of winter storms brought record snowfall and frigid temperatures, causing 25 deaths and costing the state and its cities and towns an estimated $400 million. The state is also asking Obama to issue a major disaster...

  • BOSTON— Outside political action committees raised and spent more on last year's race for governor than the candidates themselves, according to a new report from the Massachusetts Office of Campaign and Political Finance. More than half of the 2014 money— $11 million— went to help elect Republican Charlie Baker governor. Democratic candidate Martha Coakley...

  • They're not inclined to cut anyone else's salary, "said Barney Frank, the retired Massachusetts congressman, in a recent telephone interview. Frank cited leaders of top asset managers including BlackRock Inc, Vanguard Group and Fidelity Investments, which are often among the largest shareholders of S&P 500 companies. A spokesman for BlackRock said its team...

  • HARTFORD, Conn.— Eighteen years, three governors and $567 million after a study was commissioned to come up with a way to improve public transportation in central Connecticut, a bus-only corridor is about to open, promising to overtake motorists sitting on traffic-clogged Interstate 84. Dannel P. Malloy, state Transportation Commissioner James Redeker and...

  • Representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Warren and Ohio Senator Sherrod Brown, to soften their party's tone toward Wall Street, sources familiar with the discussions said this week. Still, political strategists say Clinton could struggle to raise money among Wall Street...

  • BOSTON— A Lawrence financial and legal services firm and its owner accused of preying on vulnerable customers during the foreclosure crisis have been ordered by a judge to pay Massachusetts more than $1.9 million. Attorney General Maura Healey announced the judgment Thursday against Pinnacle Financial Consulting LLC and owner Robert Burton.

  • Minerva Neurosciences reports 4Q loss Thursday, 26 Mar 2015 | 4:33 PM ET

    WALTHAM, Mass. _ Minerva Neurosciences Inc. on Thursday reported a loss of $7.4 million in its fourth quarter. Minerva Neurosciences shares have fallen 11 percent since the beginning of the year. Keywords: Minerva Neurosciences, Earnings Report.

  • CAMBRIDGE, Mass.— U.S. flight regulations make it unlikely that a single jetliner pilot could barricade himself or herself inside the cockpit like French prosecutors says the Germanwings co-pilot did before crashing his airliner into the French Alps, a Massachusetts Institute of Technology aviation analyst said Thursday. MIT expert John Hansman said U.S....

  • HARTFORD, Conn.— The commissioner of Connecticut's Transportation Department is outlining priorities in the governor's 30- year plan to overhaul highways, bridges and rail lines. Commissioner James Redeker says the plan for railways includes upgrading Civil War-era tracks and ties and a bridge over the Connecticut River that he describes as the biggest...

  • Bankruptcy hearing could decide fate of RadioShack Thursday, 26 Mar 2015 | 3:07 PM ET

    RadioShack, based in Fort Worth, Texas, says an offer valued at about $160 million from hedge fund Standard General LP was the best bid submitted in an auction that began Monday in New York and was suddenly reconvened in Wilmington, Delaware after midnight Thursday, just hours before the court hearing. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S....

  • House Roll Call: Republicans approve conservative budget Wednesday, 25 Mar 2015 | 7:19 PM ET

    The 228-199 roll call Wednesday by which the House passed a conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare. Republicans— Aderholt, Y; Brooks, Y; Byrne, Y; Palmer, Y; Roby, Y; Rogers, Y. Republicans— Crawford, N; Hill, Y;...

  • WASHINGTON— IRS workers would be prohibited from using private email to conduct official business under a bipartisan bill passed Wednesday by the House Ways and Means Committee. The issue gained attention following revelations that Democrat Hillary Rodham Clinton and Republican Jeb Bush used personal email addresses to conduct government business.

  • PROVIDENCE, R.I.— Doctors and public health organizations told lawmakers Wednesday that making the state the first in the nation to raise the age for legal tobacco purchases to 21 would help prevent death and disease, while convenience store owners urged them not to hurt their businesses. Teresa Tanzi's bill to raise the age from 18 at a House committee hearing.

  • Legislator looks to cap scallop harvest as fishery grows Wednesday, 25 Mar 2015 | 9:54 AM ET

    PORTLAND, Maine— A state legislator wants to put a cap on the amount of Maine scallops that fisherman can harvest, even as the rebounding fishery is growing in volume and value a decade after crashing. The plan has sent waves through Maine's scallop industry, where harvesters wonder what the proposed restrictions would mean for catch and dealers speculate what...

  • Destination XL posts 4Q profit Wednesday, 25 Mar 2015 | 7:24 AM ET

    CANTON, Mass. _ Destination XL Group Inc. on Wednesday reported fiscal fourth-quarter net income of $1.6 million, after reporting a loss in the same period a year earlier. The Canton, Massachusetts- based company said it had net income of 3 cents per share. Destination XL expects full-year results to range from a loss of 16 cents per share to a loss of 12 cents per...

  • Silicon Valley gender discrimination lawsuit goes to jury Wednesday, 25 Mar 2015 | 3:01 AM ET

    SAN FRANCISCO— Jurors who will decide the outcome of a gender discrimination lawsuit against a prestigious Silicon Valley venture capital firm are set to hear more closing arguments on Wednesday, a day after attorneys painted competing portraits of the woman behind the suit. Lawyers for Ellen Pao and Kleiner Perkins Caufield& Byers said Pao was either an...

  • AP Investigation: Is the fish you buy caught by slaves? Wednesday, 25 Mar 2015 | 1:12 AM ET

    BENJINA, Indonesia— The Burmese slaves sat on the floor and stared through the rusty bars of their locked cage, hidden on a tiny tropical island thousands of miles from home. The men the AP interviewed on Benjina were mostly from Myanmar, also known as Burma, one of the poorest countries in the world. They were brought to Indonesia through Thailand and forced to fish.

  • AP Investigation: Are slaves catching the fish you buy? Wednesday, 25 Mar 2015 | 12:37 AM ET

    BENJINA, Indonesia— The Burmese slaves sat on the floor and stared through the rusty bars of their locked cage, hidden on a tiny tropical island thousands of miles from home. The men the AP interviewed on Benjina were mostly from Myanmar, also known as Burma, one of the poorest countries in the world. They were brought to Indonesia through Thailand and forced to fish.

  • BENJINA, Indonesia— The Burmese slaves sat on the floor and stared through the rusty bars of their locked cage, hidden on a tiny tropical island thousands of miles from home. They were brought to Indonesia through Thailand and forced to fish. Tainted fish can wind up in the supply chains of some of America's major grocery stores, such as Kroger, Albertsons and...