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Massachusetts

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  • 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.

  • US senator to ask Congress to suspend coal sales Tuesday, 16 Sep 2014 | 2:05 PM ET

    Ed Markey said the Interior Department moved too slowly on promised reforms since the Democrat raised concerns earlier this year that "bargain-basement" lease sales to a handful of mining companies might have cost taxpayers $200 million or more.

  • Big cities take aim at prescription painkillers Tuesday, 16 Sep 2014 | 12:29 PM ET

    The heightened rhetoric comes as Chicago tries to recover millions in health care costs from opioid drugmakers, alleging that companies deliberately misled the public about the risks of their drugs.

  • NEW YORK, Sept 16- Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday.

  • Natural gas company seeks federal OK for pipeline Tuesday, 16 Sep 2014 | 11:43 AM ET

    BOSTON— An energy company is seeking federal approval for a natural gas pipeline through northern Massachusetts that has already garnered significant local opposition. Houston- based Kinder Morgan Inc. filed a request with the Federal Energy Regulatory Commission on Monday.

  • Flatow, 'Science Friday' settle claims over grant Tuesday, 16 Sep 2014 | 11:31 AM ET

    HARTFORD, Conn.— Radio host Ira Flatow and his "Science Friday" show that airs on many National Public Radio stations have agreed to pay nearly $146,000 to settle civil claims that they misused money from a $1 million grant from the National Science Foundation, federal officials said Tuesday.

  • Sept 16- Struggling power producer Atlantic Power Corp asked its chief executive to leave and slashed its dividend by 70 percent after ending discussions about selling itself. Atlantic Power's U.S.-listed shares fell more than 20 percent premarket on Tuesday.

  • Ex-congressman resigns from medical pot company Tuesday, 16 Sep 2014 | 8:27 AM ET

    William Delahunt told a meeting of The Patriot Ledger's editorial board on Monday that he resigned from Medical Marijuana of Massachusetts, the nonprofit that wanted to open dispensaries in Plymouth, Taunton and Mashpee. He said he likely would have resigned even if Medical Marijuana of Massachusetts had been granted licenses.

  • Atlantic Power slashes dividend, replaces CEO Tuesday, 16 Sep 2014 | 8:14 AM ET

    Sept 16- Power producer Atlantic Power Corp slashed its dividend by 70 percent and asked its chief executive to step down as part of a strategic review process. The company said it appointed Ken Hartwick, director of the board, as a replacement for Barry Welch. Atlantic Power cut its annual dividend to 12 Canadian cents per share from 40 Canadian cents.

  • DC to Philly Amtrak service resumes Tuesday, 16 Sep 2014 | 5:55 AM ET

    WASHINGTON— Amtrak suspended service from Washington to Philadelphia on Tuesday after a freight train knocked down overhead wires on the tracks. The Northeast Regional takes passengers from Washington to Philadelphia, while the Acela Express provides service to Wilmington, Delaware, which is on the way to Philadelphia.

  • Exploring 'graveyard of ships' near San Francisco Tuesday, 16 Sep 2014 | 3:09 AM ET

    GULF OF THE FARALLONES NATIONAL MARINE SANCTUARY— Federal researchers are exploring several underwater sites where ships sank while navigating in the treacherous waters west of San Francisco in the decades following the Gold Rush.

  • Sept 15- The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

  • Sept 15- Massachusetts' highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.

  • Sept 15- Massachusetts' highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.

  • Chafee sees state as future leader in wind energy Monday, 15 Sep 2014 | 4:08 PM ET

    Rhode Island officials had hoped Cape Wind would use New Bedford, Massachusetts, and Rhode Island's Quonset Point for the staging and construction of a proposed 130- turbine wind farm off the coast of Cape Cod, bringing jobs and economic activity to both states. Chafee said Cape Wind will likely need support in Rhode Island for its projects.

  • Sept 15- Epirus Biopharmaceuticals Inc said India's drug regulator has approved its copy of a top-selling arthritis treatment, paving the way for its launch in the country early next year.