Some advisors prefer clients with assets in the $500,000 to $2 million range over the ultrawealthy—they are less maintenance.» Read More
BOSTON-- Standard& Poor's Ratings Service on Wednesday raised its rating on Olin Corp., saying it expects the chlor-alkali and ammunition producer's operating performance and credit metrics to improve. Olin, based in Clayton, Mo., makes chlor-alkali products used for paper processing, chemical manufacturing and water purification among other things.
BOSTON, June 19- Harvard University said on Wednesday that it had hired Wall Street veteran Jake Xia as its chief risk officer to analyze and monitor investment exposure in its $30.7 billion endowment.
BOSTON, June 19- Microsoft Corp is looking to recruit computer geeks in its ongoing efforts to protect Windows PCs from attacks, offering rewards of as much as $150,000 to anybody who helps identify and fix major security holes in its software.
The other 99 percent of this year's output will be up for tasting and sale at VinExpo, the industry's global trade show in Bordeaux that runs through Thursday. But at least some of that top 1 percent, the classified growths of prized Bordeaux, have already been sampled, rated and priced.
LINCOLN, R.I.-- Rhode Island's bet on expanded gambling starts Wednesday as Twin River Casino begins offering blackjack, roulette and craps in a move to get a head start on neighboring Massachusetts.
Shares of Sarepta Therapeutics Inc. jumped Wednesday, after the drug developer said its lead candidate, a potential treatment for Duchenne muscular dystrophy, continued to help patients in an extended mid-stage trial.
*Battery-swap system to require $50- $100 mln investment. SAN FRANCISCO, June 18- Tesla Motor Inc is marshalling lawyers across the country to prepare for a "multi-front war" against local laws that risk stalling the electric vehicle maker's plan to bypass dealerships and sell directly to consumers.
*Microsoft says $500 million stolen before crack down. BOSTON, June 18- Microsoft Corp said that an assault it led earlier this month on one of the world's biggest cyber crime rings has freed at least 2 million PCs infected with a virus believed to have been used to steal more than $500 million from bank accounts worldwide.
WASHINGTON, June 18- Mississippi's attorney general said on Tuesday he would subpoena documents from Google Inc as part of a probe into allegations the Web search company facilitated the sale of drugs without a prescription and other illegal products.
NEW YORK-- Proxy advisory firm Glass Lewis& Co. has backed two activist investors' efforts and recommended Tuesday that shareholders of Commonwealth REIT vote to remove its entire board of trustees. Corvex Management LP and Related Fund Management LLC are seeking shareholder support for their efforts to remove the board.
TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
NEW YORK-- A Goldman Sachs analyst downgraded shares of Charles River Laboratories International Inc. on Tuesday, saying the medical researcher may struggle to meet its guidance in 2013.. THE OPINION: Analyst Robert Jones lowered his rating to "Sell" from "Neutral" and cut his price target to $38 from $44.
Some scientists to move to Cambridge before 2016. LONDON, June 18- Turning around drugmaker AstraZeneca will be a long haul, with a strategy of revamping research and boosting acquisitions set to take up to four years to pay off, its chief executive said on Tuesday.
NEW YORK, June 18- After blistering gains in the first half of 2013, the U.S. stock rally is expected to decelerate in the latter part of the year, advancing modestly beyond record highs, a Reuters poll found.
BOSTON-- The deputy administrator of the main compensation fund for Boston Marathon bombing victims says it has received 247 claims so far. The One Fund's Camille Biros says a few more are expected to arrive over the next couple of days. The One Fund was established by Boston Mayor Thomas Menino and Gov.
*Plan would include first USDA purchase of sugar since 2000. *USDA takes direct action to prevent sugar forfeitures. The measures will cost an estimated $38 million and are expected to remove 300,000 short tons of sugar from the U.S. market, the USDA said.
President Barack Obama sparred with Russia's Vladimir Putin over how to end the war in Syria on Monday during an icy encounter at a G8 summit where divisions over the conflict eclipsed the rest of the agenda.
*Fed buys $5.51 billion in Treasuries due 2018-19.
Months before Americans buy coverage under Obamacare, it's becoming clear that choices for millions of people will vary depending on where they live. The NYT reports.
CHELMSFORD, Mass.-- Datawatch is buying real-time visual data software company Panopticon Software AB in an all-stock deal valued at about $31.4 million. Datawatch, which is based in Chelmsford, Mass., provides information optimization products that help businesses analyze and manage data.