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Massachusetts

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  • WASHINGTON— In a rare burst of bipartisanship, the House moved Wednesday to boost Amtrak's popular service between Boston and Washington while giving states a greater say in the local routes they help subsidize. But in a compromise between Democrats and Republicans, the bill separates Amtrak's Northeast Corridor service between Boston and Washington from...

  • Senate fails to override Obama's veto of pipeline bill Wednesday, 4 Mar 2015 | 2:47 PM ET

    WASHINGTON— The Senate on Wednesday failed to override President Barack Obama's veto of a bill to construct the Keystone XL pipeline, the first of many confrontations between the Republican-controlled Congress and the White House this year over energy policy. Already, the White House has issued more than a dozen veto threats on legislation.

  • Fed survey finds US economy growing at moderate pace Wednesday, 4 Mar 2015 | 2:01 PM ET

    The Boston district said businesses in its area remained upbeat despite a series of huge snowstorms. Fed Chair Janet Yellen delivered the central bank's semiannual economic report to Congress last week and indicated that the Fed is still willing to be "patient" in terms of raising interest rates because of weak wage growth and inflation well below the Fed's 2...

  • WASHINGTON— The Republican-controlled Senate Wednesday voted to kill a National Labor Relations Board rule reducing the time between a union's request for representation and a vote by workers on it. But President Barack Obama has threatened to veto the measure, and the Senate's vote indicates that supporters are far from the two-thirds majority that would...

  • Starboard pushes on board changes at Staples after deal Wednesday, 4 Mar 2015 | 12:06 PM ET

    NEW YORK— Activist investor Starboard is recommending that Staples improve the makeup of its board to help ensure its approximately $6 billion acquisition of Office Depot pays off. Staples, the nation's largest "big box" office supply chain, announced last month that it's spending about $6 billion to buy its second-ranked rival, Office Depot Inc. In January...

  • During an emergency call on the morning of Jan. 16, 2009, after the government had announced a $20 billion bailout for Bank of America, then-Fed Chairman Ben Bernanke declared that he was unwilling to allow "the failure of a firm the size of Bank of America." The call underscored the chaotic situation facing the Fed and other government agencies as they confronted a...

  • Eleven Biotherapeutics reports 4Q loss Wednesday, 4 Mar 2015 | 7:48 AM ET

    CAMBRIDGE, Mass. _ Eleven Biotherapeutics Inc. on Wednesday reported a loss of $8.1 million in its fourth quarter. Eleven Biotherapeutics shares have declined 8 percent since the beginning of the year. Keywords: Eleven Biotherapeutics, Earnings Report.

  • Wayfair reports 4Q loss Wednesday, 4 Mar 2015 | 7:39 AM ET

    BOSTON _ Wayfair Inc. on Wednesday reported a loss of $72.6 million in its fourth quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share. For the current quarter ending in March, Wayfair said it expects revenue in the range of $375 million to $390 million.

  • Akebia Therapeutics reports 4Q loss Wednesday, 4 Mar 2015 | 7:27 AM ET

    CAMBRIDGE, Mass. _ Akebia Therapeutics Inc. on Wednesday reported a loss of $10.4 million in its fourth quarter. Akebia Therapeutics shares have fallen 19 percent since the beginning of the year. Keywords: Akebia Therapeutics, Earnings Report.

  • ArQule reports 4Q loss Wednesday, 4 Mar 2015 | 7:18 AM ET

    WOBURN, Mass. _ ArQule Inc. on Wednesday reported a loss of $3.5 million in its fourth quarter. The Woburn, Massachusetts- based company said it had a loss of 6 cents per share. ArQule expects a full-year loss of 33 cents to 29 cents per share, with revenue in the range of $8 million to $10 million.

  • "I don't consider Kleiner Perkins to be a firm run by men," Doerr said Tuesday under questioning by Pao's attorney, Alan Exelrod. Doerr is among the most prominent venture capitalists in Silicon Valley in part for helping direct early investments in Amazon.com and Google after joining Kleiner Perkins in 1980. He sits on Google's board and served on boards that...

  • BOSTON, March 4- Mutual fund companies, including No. 2 Fidelity Investments, have slashed fees on their most popular funds by shifting billions of dollars into collective trusts not regulated by the U.S. Securities and Exchange Commission. "CITs are more opaque to the outside world because reporting requirements are not as stringent," said Michael Rawson,...

  • March 3- Apple Inc is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division. Around June 2014 Apple began aggressively poaching A123 engineers tasked with leading some of the company's most critical projects, A123's lawsuit...

  • Smith & Wesson beats Street 3Q forecasts Tuesday, 3 Mar 2015 | 4:19 PM ET

    SPRINGFIELD, Mass. _ Smith& Wesson Holding Corp. on Tuesday reported fiscal third-quarter net income of $8.1 million. Analysts expected $124.8 million, according to Zacks. For the current quarter ending in April, Smith& Wesson expects its per-share earnings to range from 29 cents to 31 cents.

  • A business person's guide to Munich: Beer included Tuesday, 3 Mar 2015 | 4:00 PM ET

    NEW YORK, March 3- Jim Koch considers Munich a beer-lover's paradise. Koch, 65, is drawn to Munich because beer drinking is a way of life there, and the trips connect him with his family's German roots. Power breakfast: " The Charles Hotel has one of the top restaurants in Munich- and they serve breakfast.

  • BOSTON— The Boston- area public transit agency outlined several options Tuesday for compensating passengers who endured weeks of delays, cancellations and system-wide shutdowns as more than 8 feet of snow battered the region. Jonathan Davis, the MBTA's chief financial officer, said the options carried a range of estimated price tags, including $6 million in...

  • UFP posts 4Q profit Tuesday, 3 Mar 2015 | 9:39 AM ET

    GEORGETOWN, Mass. _ UFP Technologies Inc. on Tuesday reported fourth-quarter profit of $1.6 million. On a per-share basis, the Georgetown, Massachusetts- based company said it had net income of 22 cents. For the year, the company reported profit of $7.6 million, or $1.05 per share.

  • Freezing temperatures, disruptions at West Coast ports and rising gas prices took a bite out of U.S. auto sales last month. Toyota and Subaru reported double-digit sales increases over last February, and Hyundai surprised with sales up 7 percent. Chrysler, General Motors, Honda and Nissan all saw gains of 6 percent or less.

  • Cape Wind lease for New Bedford terminal ended Tuesday, 3 Mar 2015 | 7:21 AM ET

    The Massachusetts Clean Energy Center issued a statement Monday saying the agency and Cape Wind "mutually agreed to end their lease agreement," which would have allowed the wind energy company use of the facility for two years with an option to extend the lease for two more, according to a report in the Cape Cod Times. Cape Wind spokesman Mark Rodgers said the...

  • John Doerr, a partner at Kleiner Perkins Caufield, Byers, took the stand in San Francisco Superior Court in the lawsuit brought by his former chief of staff, Ellen Pao, who says she was denied a promotion at the company because she is a woman and was fired in 2012 after she complained and filed her lawsuit. "I don't consider Kleiner Perkins to be a firm run by men," Doerr...