GO
Loading...

Massachusetts

More

  • Sonus shares plunge on slashed outlook, review Tuesday, 24 Mar 2015 | 9:10 AM ET

    WESTFORD, Mass.— Shares of Sonus Networks plummeted in premarket trading after the company slashed its outlook for the first quarter and said it will review its cost structure as it no longer expects to receive certain orders. The company now expects an adjusted loss between 29 cents and 34 cents per share, down from prior guidance of an adjusted profit 3 cents per...

  • Tecogen posts 4Q loss Tuesday, 24 Mar 2015 | 8:54 AM ET

    WALTHAM, Mass. _ Tecogen Inc. on Tuesday reported a loss of $30,000 in its fourth quarter. On a per-share basis, the Waltham, Massachusetts- based company said it had a loss of less than 1 cent. Tecogen shares have increased slightly more than 3 percent since the beginning of the year.

  • WORCESTER, Mass., March 24- A hefty robot designed for search-and-rescue and a spindly four-legged rival that bounds along on hydraulic limbs will face off next month along with more than a dozen other entrants in the debut Vecna Robot Sprint Challenge outside Boston. "It's a fantastic trend; I'm all for it," said Massachusetts Institute of Technology associate...

  • WASHINGTON— President Barack Obama's allies are recruiting high-profile Democrats to help combat liberal resistance to his bid for new trade agreements in Asia and elsewhere. The effort will sharpen differences between the Democratic Party's liberal and pro-business wings, especially in New England. But Patrick's might add some sizzle to the trade...

  • SPRINGFIELD, Mass.— With confetti and fanfare, MGM officially broke ground Tuesday on an $800 million casino in western Massachusetts that represents the largest economic development project the region has seen in generations. MGM seeks to become Massachusetts' first resort casino as rivals in Connecticut and the Boston area are also trying to open casinos.

  • SAN FRANCISCO— A sex discrimination trial that has put a spotlight on gender imbalance in Silicon Valley has prompted some technology and venture capital companies to re-examine their cultures and practices— even before a jury reaches its verdict. As jurors get ready to hear closing arguments in Ellen Pao's lawsuit against the venture capital firm Kleiner...

  • BOSTON— The nation's mayors are calling on Congress to increase transportation funding in order to keep roads and bridges in good repair. The call came Monday during a task force meeting of the U.S. Conference of Mayors in Boston. New York Mayor Bill de Blasio said Congress needs to do more than just maintain existing funding for the bill, which he said has been...

  • BOSTON, March 23- Bank of America's Merrill Lynch brokerage unit agreed to pay a $2.5 million fine in Massachusetts to settle charges that it failed to follow its own compliance rules, the state's top securities regulator said on Monday. Secretary of the Commonwealth William Galvin accused Merrill, Lynch, Pierce, Fenner& Smith of failing to supervise employees...

  • WASHINGTON— House Democrats Monday unveiled a $3.7 trillion budget plan for next year that mirrors President Barack Obama's call for $1.8 trillion in tax increases on wealthier people and corporations over the coming decade. It would make modest curbs on the rapid growth of the popular Medicare program. The GOP measure manages to project balance but...

  • US home sales rebound slightly in February Monday, 23 Mar 2015 | 10:01 AM ET

    WASHINGTON— Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months. Sales of existing homes rose 1.2 percent last month to a seasonally adjusted annual rate of 4.88 million, a slight rebound after plunging in January yet still underperforming...

  • Biogen Idec shortens its name to Biogen Monday, 23 Mar 2015 | 8:54 AM ET

    NEW YORK— Biogen Idec Inc. is shortening its name to just Biogen as of Monday. The company was created 12 years ago through the merger of Biogen with IDEC Pharmaceuticals and has since focused on three core areas, including neurology, immunology and hematology. Biogen, based in Cambridge, Massachusetts, makes blockbuster multiple sclerosis treatments Avonex...

  • Shares of ImmunoGen jumped 23 percent in premarket trading Monday after the biotechnology company signed a licensing deal with Japan's Takeda Pharmaceutical Co.. ImmunoGen will get $20 million upfront and is eligible for milestone payments potentially totaling up to $210 million, plus royalties on sales. The technology produced by ImmunoGen Inc., based...

  • Ahead of the Bell: US home sales Monday, 23 Mar 2015 | 6:23 AM ET

    WASHINGTON— The National Association of Realtors reports on February sales of existing homes Monday at 10 a.m. Eastern. Housing starts plunged 17 percent in February, the Commerce Department reported last week. Buyer traffic also slipped last month, according to the National Association of Home Builders/Wells Fargo index.

  • HARTFORD, Conn.— For the leaders of two Connecticut tribes proposing to build new casinos together, some of the toughest crowds to win over have been their own tribes, business rivals with a history of conflict that dates to a massacre nearly 400 years ago. Building the alliance with the Mashantucket Pequot Tribal Nation has reminded Mohegan Tribe Chairman Kevin...

  • About 55 percent of Earned Income Tax Credit recipients reported using a paid tax preparer last year.

  • Companies tap into Vermont's large maple potential Saturday, 21 Mar 2015 | 10:17 AM ET

    ISLAND POND, Vt.— Already, Vermont is maple syrup capital of the U.S., with production traditionally being a side business for farmers. The operation, backed by Wood Creek Capital Management of New Haven, Connecticut, chose northeastern Vermont because of the state's brand and large tracts of high-elevation land, which isn't as affected by climate change, Sweetree...

  • March 20- Bank of America Corp joined a growing list of U.S. companies that are changing their corporate governance rules to make it easier for shareholders to nominate directors, after talks with pension funds. New York City Comptroller Scott Stringer, who oversees pension funds and has pushed for proxy access at other companies, said Bank of America made its...

  • *Nike rises after results, outlook. March 20- U.S. stocks rose on Friday, pushing the Nasdaq to a 15- year high and helping the S&P 500 snap a three-week string of losses, following a pullback in the dollar, upbeat results from Nike and further biotech gains. Among early reporters, Nike jumped 3.7 percent to $101.98 as the biggest boost to the Dow after it posted a...

  • *Nike rises after results, outlook. March 20- U.S. stocks rose on Friday, pushing the Nasdaq to a 15- year high and helping the S&P 500 snap a three-week string of losses, following a pullback in the dollar, upbeat results from Nike and further biotech gains. Among early reporters, Nike jumped 3.7 percent to $101.98 as the biggest boost to the Dow after it posted a...

  • NEW YORK/ BOSTON, March 20- Rapid7, LogRythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalize on investor interest following a spate of hacker attacks, according to people familiar with the matter. Shares of publicly traded cybersecurity firms have outperformed the market in recent months, as...