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Massachusetts

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  • The largest percentage gainer on the New York Stock Exchange was Penn West Petroleum, up 11.54 percent, while the largest decliner was Pier 1 Imports, down 17.57 percent a day after it slashed its full-year earnings forecast.

  • Supermarket feud tied to monthly job figures Thursday, 18 Sep 2014 | 9:56 AM ET

    BOSTON— The worker revolt at the Market Basket supermarket chain appears to have caused a ripple effect in the Massachusetts economy, with the state reporting Thursday that several thousand jobs were lost in August, largely because of "temporary employment disruptions" in the retail sector.

  • *Futures up: Dow 44 pts, S&P 6 pts, Nasdaq 13 pts. NEW YORK, Sept 18- U.S. stocks were set to rise at the open on Thursday, with the S&P 500 on track to test resistance at its record high a day after the U.S.

  • Census: NY poverty, income levels steady in 2013 Thursday, 18 Sep 2014 | 3:02 AM ET

    And the Census Bureau says Thursday median household income in the state also remained flat at about $57,000. The national median income was about $52,000 last year. Among New York's neighbors, it was $68,000 in Connecticut; $66,000 in Massachusetts; $70,000 in New Jersey; $52,000 in Pennsylvania and $53,000 in Vermont.

  • Census: Poverty down but so are wages in Maine Thursday, 18 Sep 2014 | 2:01 AM ET

    Maine was ranked last in New England for income, and second-to-last behind Rhode Island for the poverty rate. Glenn Mills, chief economist at the Maine Department of Labor's Center for Workforce Research and Information said Maine has lagged the other states in the region for several years when it comes to income.

  • US economic rebound slow to reach Philadelphia Thursday, 18 Sep 2014 | 12:03 AM ET

    WASHINGTON— The nation's economic recovery has been slow to reach the Philadelphia metropolitan area and income inequality has widened, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs. Philadelphia posted the largest income drop among large metro areas outside the Sun Belt, a sign of its persistently weak job market.

  • NEW YORK, Sept 17- U.S. stocks were rising in mid-afternoon trading on Wednesday after the U.S. The statement "is largely the same, but the dots are more hawkish, the exit strategy itself being out there is more hawkish and the timing of the first rate also more hawkish," said John Canally, investment strategist and economist for LPL Financial in Boston.

  • It opened its first flagship store in New York City's chic Soho neighborhood in 2006. With the addition this week of a new location in Wayne, New Jersey, the company- owned by the world's fourth-largest fashion retailer, Fast Retailing Co- now operates 26 U.S. stores.

  • Civitas slips after IPO prices below expectations Wednesday, 17 Sep 2014 | 10:39 AM ET

    NEW YORK— Shares of Civitas Solutions are inching lower after the company's initial public offering priced at $198.9 million, below its expectations. The Boston company says its offering of 11.7 million shares priced at $17 a share, below its estimates of $20 to $23 per share. Shares of Civitas Solutions Inc. lost 25 cents to $16.75 Wednesday morning.

  • Wynn, gambling regulators sign casino license Wednesday, 17 Sep 2014 | 10:35 AM ET

    BOSTON— Wynn Resorts and Massachusetts gambling regulators finalized the license Wednesday for a $1.6 billion casino outside Boston. Wynn brings a track record of success in competitive gambling jurisdictions, including Las Vegas and Asia, said James McHugh, acting commissioner of the Massachusetts Gaming Commission.

  • Exodus hits U.S. law firm Bingham amid merger talks Wednesday, 17 Sep 2014 | 9:37 AM ET

    Sept 17- Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis& Bockius.

  • Man gets 9 years in currency trading scheme Wednesday, 17 Sep 2014 | 6:19 AM ET

    BOSTON— The co-owner of a now-defunct foreign currency trading company has been sentenced to nine years in prison for defrauding investors out of more than $30 million.

  • Only 4 states will see cuts to food stamps Wednesday, 17 Sep 2014 | 3:17 AM ET

    WASHINGTON— Cuts to the nation's food stamp program enacted this year are only affecting four states, far from the sweeping overhaul that Republicans had pushed, an Associated Press review has found. As a result, it's unclear whether the law will realize the estimated $8.6 billion in savings over 10 years that the GOP had advertised.

  • Even funds sour on Russia stay sweet on Magnit Wednesday, 17 Sep 2014 | 1:00 AM ET

    Magnit sells local produce, has a CEO who meets with investors, and targets ordinary Russians. Fund investor concerns about Russia have led to some selling of Magnit lately, and fund managers warn that small investors might find the risks of investing in Magnit too big.

  • Business Highlights Tuesday, 16 Sep 2014 | 5:59 PM ET

    Alibaba risk: China's rise leaves out investors. WASHINGTON— American investors are clamoring to buy a stake in Chinese e-commerce giant Alibaba, which is launching what may prove the biggest initial public stock offering ever. IPOs, according to research by Jay Ritter, a finance professor at the University of Florida.

  • DETROIT, Sept 16- An expert witness hand-picked by the federal judge overseeing Detroit's historic bankruptcy case will testify on the feasibility of the city's debt adjustment plan without restrictions, the judge ruled on Tuesday.

  • Calpers exit could heap pressure on hedge fund fees Tuesday, 16 Sep 2014 | 5:07 PM ET

    BOSTON, Sept 16- The California Public Employees Retirement System handed fellow U.S. pension funds a hefty club to beat down hedge fund fees and demand better returns this week when it voted to pull out of hedge funds entirely, investors said.

  • New Jersey sells 1 pension fund investment Tuesday, 16 Sep 2014 | 3:58 PM ET

    TRENTON, N.J.— New Jersey has sold its pension fund investment in a venture capital firm that has connections to a Massachusetts gubernatorial candidate.

  • Wynn's $1.6B resort wins Boston casino license Tuesday, 16 Sep 2014 | 2:34 PM ET

    BOSTON— Wynn Resorts has bested Mohegan Sun for the lucrative Boston- area casino license, based largely on the strength of its $1.6 billion project's economic development potential.

  • Sept 16- Shares of Atlantic Power Corp fell by about a third on Tuesday after the struggling utility removed its chief executive and decided against selling itself.