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  • BOSTON/ BEIJING, Oct 20- Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign. The attack comes several weeks after Apple said it would begin storing iCloud data for Chinese users on China...

  • CYS misses Street 3Q forecasts Monday, 20 Oct 2014 | 4:34 PM ET

    WALTHAM, Mass. _ CYS Investments Inc. on Monday reported third-quarter profit of $25 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Analysts expected $80.4 million, according to Zacks.

  • *Euro rises vs dollar, yen despite weak German data. NEW YORK, Oct 20- Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. Treasury market and dollar, "said Paresh Upadhyaya,...

  • NEW YORK, Oct 20- Dan Fuss, vice chairman and senior portfolio manager at Loomis Sayles, said he purchased some below investment-grade credits during last week's sell-off at "reasonably priced levels," bringing his portfolio cash levels down to 22 percent from 26 percent. "We bought some at reasonably priced levels but not fantastically cheap," said Fuss, who helps...

  • NEW YORK, Oct 20- Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. Treasury market and dollar, "said Paresh Upadhyaya, portfolio manager, director of currency strategy at...

  • Cubist Pharma CEO Bonney will step down Dec. 31 Monday, 20 Oct 2014 | 10:13 AM ET

    NEW YORK— Antibiotic maker Cubist Pharmaceuticals said Monday that Michael Bonney will retire as CEO at the end of the year, and the company said it will promote President Robert Perez to take his place. Cubist Pharmaceuticals Inc. is based in Lexington, Massachusetts. Its shares rose 34 cents to $66.23 in morning trading Monday.

  • Detroit bankruptcy decision set for early November Monday, 20 Oct 2014 | 9:54 AM ET

    DETROIT— A judge pledged Monday to make a swift decision on Detroit's plan to get out of bankruptcy, signaling that the largest U.S. case of an insolvent local government could close in just a few more weeks. Judge Steven Rhodes said he'll start hearing final arguments on Oct. 27 and announce whether Detroit's plan is fair and feasible no later than Nov. 7.

  • Urgent-care clinics ill-equipped to treat Ebola Monday, 20 Oct 2014 | 1:10 AM ET

    When a Dallas County sheriff's deputy who had entered the apartment of the first patient to die from Ebola in the U.S. started feeling ill himself, he didn't rush to the nearest hospital. So did a man who recently traveled to West Africa and was complaining of flu-like symptoms, prompting the suburban Boston urgent-care practice where he went to briefly shut down...

  • *Clashes in Mong Kok protest hotspot early on Sunday. HONG KONG, Oct 20- A deepening sense of impasse gripped Hong Kong as pro-democracy protests entered their fourth week, with the government having limited options to end the crisis and demonstrators increasingly willing to confront police. Hopes of easing the worst political crisis in Hong Kong since Britain...

  • New England raking in millions from leaf peepers Sunday, 19 Oct 2014 | 12:14 PM ET

    Money really does grow on trees in autumn in New England, and all six states are raking it in. "We wanted to get out in the fresh air and see the colors while it's still warm," said Christopher LeBeau, who drove from Connecticut to hike Mount Monadnock. Lingering warm weather is causing leaves to stay on the trees longer in New England.

  • DIARY- Top Economic Events to Oct 31 Friday, 17 Oct 2014 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks before the "Inequality of Economic Opportunity in the United States" conference in Boston- 1230 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe and ECB Vice President Vitor Constancio discuss bank regulation- 1045 GMT. WASHINGTON- Federal Reserve Board Governor Jerome Powell...

  • Oct 17- Unable to reach a compromise with JPMorgan Chase& Co over the use of the term "smart" in relation to its lucrative retirement savings products, major life insurance provider MassMutual is taking the banking company to court. The insurer is asking for a declaration that it is not infringing on JPMorgan's trademark. JPMorgan first told MassMutual it was...

  • BOSTON, Oct 17- Taking a page from his last job, Eaton Vance's new Chief Equity Investment Officer bets that reorganizing his analysts into new teams will boost performance. Since joining the Boston company in April from Goldman Sachs, Edward Perkin has regrouped Eaton Vance's 27 stock analysts into teams meant to develop investment ideas that match the...

  • *GE, Honeywell climb after quarterly results. NEW YORK, Oct 17- U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines. Honeywell shares gained 4.3 percent to $90.06 after results.

  • Man sentenced for part in global cybercrime ring Friday, 17 Oct 2014 | 2:16 PM ET

    TRENTON, N.J.— A Massachusetts man who was part of an international cybercrime ring that the government says hacked into the computers of more than a dozen financial institutions and the U.S. military's payroll service was sentenced Friday to 2½ years in prison. Lamar Taylor, 38, of Salem, Massachusetts, was also ordered to pay restitution of $338,649.

  • *Fed Chair delivers broad social critique of rich-poor gulf. BOSTON, Oct 17- Federal Reserve Chair Janet Yellen on Friday said the growth of economic inequality in the United States was not in keeping with American values and she hinted at a range of steps that could address it. "The extent of and continuing increase in inequality in the United States greatly...

  • BOSTON, Oct 17- Federal Reserve Chair Janet Yellen said on Friday the growth of economic inequality in the United States "greatly" concerned her, and suggested in a detailed speech on the politically charged issue that Americans should ask whether it was compatible with their values. With global financial markets rebounding from days of frenzied selling,...

  • Yellen: Greatly concerned by widening inequality Friday, 17 Oct 2014 | 8:31 AM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America's longstanding identity as a land of opportunity was at stake. The growing gap between the rich and everyone else narrowed slightly during the Great Recession but has since accelerated, Yellen said in a...

  • BOSTON, Oct 17- Federal Reserve Chair Janet Yellen said on Friday the growth of income and wealth inequality "greatly" concerns her, suggesting in a detailed speech on the politically charged issue that Americans should ask whether it was compatible with U.S. values. "The extent of and continuing increase in inequality in the United States greatly concern me,"...

  • Ahead of the Bell: Sarepta Therapeutics climbs Friday, 17 Oct 2014 | 7:39 AM ET

    Shares of Sarepta Therapeutics jumped 11 percent before the opening bell Friday after the drug developer said its potential Ebola treatment generated no safety concerns in early-stage human testing. The Cambridge, Massachusetts, company said Thursday that results from its study on healthy adult volunteers will be published in next month's issue of the...