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Massachusetts

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  • Shubert Organization buys off-Broadway complex Tuesday, 18 Nov 2014 | 2:20 PM ET

    NEW YORK— The Shubert Organization, Broadway' s largest landlord, has extended its off- Broadway reach by buying the lease for the five-theater complex New World Stages. The move announced Tuesday gives the Shubert Organization more flexibility as it shepherds shows to off- Broadway or readies them up for a Broadway home. The organization owns and operates 17 of...

  • US STOCKS-S&P 500 hits record, healthcare leads gains Tuesday, 18 Nov 2014 | 1:45 PM ET

    Actavis Plc, Gilead, Celgene and other biotech names were among the S&P 500' s biggest drivers, a day after Allergan agreed to be bought by Actavis. The S&P health care index was up 1.4 percent, while shares of Actavis were up 7.7 percent, Gilead's rose 2.9 percent and shares of Celgene were up 2.4 percent. Helping Actavis were bullish analyst notes.

  • US STOCKS-S&P 500 hits record again; Actavis rallies Tuesday, 18 Nov 2014 | 11:01 AM ET

    NEW YORK, Nov 18- U.S. stocks rose on Tuesday, lifting the S&P 500 to a record high, boosted by healthcare after Actavis' acquisition of Allergan triggered bullish analyst notes. Allergan on Monday accepted a $66 billion takeover bid from Actavis Plc in cash and stock. At least two analysts raised Actavis' price target, one to as high as $300.

  • TJX meets 3Q profit forecasts Tuesday, 18 Nov 2014 | 8:54 AM ET

    FRAMINGHAM, Mass.— The TJX Cos. on Tuesday reported net income of $595 million in its fiscal third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 85 cents per share. Analysts expected $7.45 billion, according to Zacks.

  • Regulators cut New England cod quota Tuesday, 18 Nov 2014 | 5:00 AM ET

    PORTLAND, Maine— The maximum amount of cod fish that fishermen can take from the Gulf of Maine will be reduced by 75 percent next year after a Tuesday vote by a federal regulatory council. Regulators said the reduction in quota is necessary to rebuild the struggling fishery, on which Maine, New Hampshire and Massachusetts fishermen all rely to harvest the popular...

  • Nov 17- Solar company SunEdison Inc and unit TerraForm Power Inc said they would buy First Wind for $2.4 billion to enter the U.S. wind power market. SunEdison's shares rose 6.6 percent to $17.70, while TerraForm shares rose 1.2 percent to $26.15 in after-market trading. SunEdison raised its 2015 installation forecast to 2.1-2.3 gigawatts from 1.6-1.8 GW.

  • Solar energy co. SunEdison buying wind power co. Monday, 17 Nov 2014 | 6:15 PM ET

    Solar energy company SunEdison is adding some wind-fueled power to its business with a deal worth up to $2.4 billion. The St. Peters, Missouri- based company and its publicly traded subsidiary, TerraForm Power, said Monday that they are buying First Wind for $1.9 billion now and $510 million in payments if First Wind completes certain projects.

  • Court: Feds right to deny Maine Medicaid cuts Monday, 17 Nov 2014 | 4:14 PM ET

    Paul LePage's administration cannot remove thousands of low-income young people from Maine's Medicaid rolls, a federal appeals court judge ruled Monday. "By moving the goalposts and forcing Maine taxpayers to pay for more welfare, the federal government is using its heavy hand to push its agenda of putting as many people as possible on a broken Medicaid...

  • Judge awards Lifespan $30M in hospital breakup Monday, 17 Nov 2014 | 4:12 PM ET

    The decision stems from a 1997 affiliation agreement between Lifespan and New England Medical Center, now Tufts Medical Center. Massachusetts Attorney General Martha Coakley also intervened, suing Lifespan on behalf of New England Medical Center because of its status as a public charity. Following a 2011 trial, New England Medical Center and Coakley's...

  • Massachusetts says new health exchange working Monday, 17 Nov 2014 | 3:16 PM ET

    BOSTON— Massachusetts officials are reporting a successful weekend launch of the state's revamped health insurance website, but cautioned of possible "hiccups" in the system with expected heavier traffic during the week. Officials said Monday that in the first two days of the new federal open enrollment period, nearly 5,000 eligible people were immediately...

  • Gas down another 3 cents in Massachusetts Monday, 17 Nov 2014 | 11:21 AM ET

    BOSTON— The cost of driving in Massachusetts is heading down. AAA Southern New England reports Monday that the average price of self-serve, regular dropped another 3 cents in the past week to $2.93 per gallon. The Bay State price, however, is 4 cents per gallon higher than the national average.

  • Study lifts cloud over heart drugs Zetia, Vytorin Monday, 17 Nov 2014 | 8:53 AM ET

    CHICAGO— A major study lifts a cloud around Zetia and Vytorin, blockbuster drugs for lowering cholesterol. Merck& Co.' s ezetimibe, which went on sale in 2002, lowers cholesterol in a different way. The drug won Food and Drug Administration approval for lowering LDL, but some studies suggested that might not translate to fewer heart attacks and strokes.

  • Dropkick Murphys tour bus involved in fatal crash Monday, 17 Nov 2014 | 12:32 AM ET

    AUSTIN, Texas— The Dropkick Murphys have canceled a concert after a tour bus carrying the band struck and killed a pedestrian near Austin, Texas. The Massachusetts- based Celtic punk group announced on its Facebook page that a man darted in front of the bus early Sunday as the vehicle was headed to the Dallas airport to drop off one of the band members.

  • Heart stents may require longer blood thinner use Sunday, 16 Nov 2014 | 4:47 PM ET

    Patrick O'Gara, clinical cardiology chief at Brigham and Women's Hospital in Boston and president of the American College of Cardiology. Laura Mauri, at the request of the federal Food and Drug Administration. Results were discussed Sunday at an American Heart Association conference in Chicago and published online by the New England Journal of Medicine.

  • States working to fix hobbled health care websites Sunday, 16 Nov 2014 | 1:34 PM ET

    The Massachusetts website, designed by the same contractor that worked on the troubled federal website, performed so poorly it prompted a public apology from Gov. Massachusetts was one of several states where the ambition of running their own health insurance marketplace inside a new federal system ran into a harsh reality. Others, like Maryland and...

  • Massachusetts schooner work to be done in Maine Sunday, 16 Nov 2014 | 12:17 PM ET

    GLOUCESTER, Mass.— The schooner Ernestina— the official tall ship of Massachusetts— is heading out of state for a multimillion dollar restoration project, which is not sitting well with some people on Cape Ann. But a company executive says the state Department of Conservation and Recreation granted the $5 million to $6 million project to a company based in...

  • Governor-elect Raimondo faces daunting to-do list Sunday, 16 Nov 2014 | 11:01 AM ET

    PROVIDENCE, R.I.— Gina Raimondo will inherit a daunting list of problems when she is sworn into office in January as Rhode Island's 75th governor: continued high unemployment, a huge projected hole in the next state budget and a pension overhaul that is locked in litigation with billions in savings at stake. The 43- year-old Democrat, who has served as state...

  • Maine fishermen banking on fish auction renovation Sunday, 16 Nov 2014 | 9:44 AM ET

    The 28- year-old fish exchange, located on Portland's waterfront, is critical to the state's groundfish industry because it is Maine's only live seafood auction, hosting sales of cod, flounder and pollock five times per week. The city-owned facility frequently houses ten tons of fish in a day and attracts local buyers and those from New York and Boston.

  • Bane of the Northeast Corridor is due for upgrade Saturday, 15 Nov 2014 | 11:31 AM ET

    A regular cause of delays on the heavily traveled Northeast Corridor between Washington, D.C., and Boston, the 104- year-old Portal Bridge over the Hackensack River in northern New Jersey is viewed as the embodiment of aging railroad infrastructure in dire need of upgrading to accommodate increasing demand in the region. While major projects such as the...

  • Could tight market push NY to go slow on casinos? Saturday, 15 Nov 2014 | 10:42 AM ET

    After New York voters approved four upstate casinos last November, four Atlantic City casinos have closed, gambling profits plunged from Connecticut to Mississippi, and new casinos opened or were greenlighted in Maryland, Pennsylvania and Massachusetts. "Gaming revenues are going to Connecticut, Pennsylvania, New Jersey," said Jeffrey Hyman of the proposed...