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Massachusetts

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  • Independent Bank Corp. posts 4Q profit Thursday, 22 Jan 2015 | 5:10 PM ET

    ROCKLAND, Mass. _ Independent Bank Corp. on Thursday reported fourth-quarter net income of $16 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Independent Bank Corp. shares have fallen slightly more than 6 percent since the beginning of the year.

  • Skyworks beats Street 1Q forecasts Thursday, 22 Jan 2015 | 4:43 PM ET

    WOBURN, Mass. _ Skyworks Solutions Inc. on Thursday reported fiscal first-quarter earnings of $195.2 million. Analysts expected $774.2 million, according to Zacks. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.03.

  • BOSTON, Jan 22- Boston's ageing pipeline network leaks about $90 million worth of natural gas each year, marking a sizeable financial loss and a threat to the environment, according to a study released on Thursday by Harvard researchers. "Some 2.7 percent of the gas that is brought to the Boston region never makes it to customers, it escapes into the atmosphere,"...

  • BOSTON— A Revere man who bought two lottery tickets at a Boston grocery shop to break a $100 bill so he could buy lunch ended up winning $10 million. Lottery officials announced Thursday that Richard Noll and his wife claimed the prize at lottery headquarters in Braintree earlier this week. Noll says he needed to break a $100 bill to get lunch at a sandwich shop and...

  • SAO PAULO/ BRASILIA, Jan 22- Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy. The move left the Brazilian central bank at odds with the...

  • Lori Simons took the bright orange pill at 3 a.m. Eight hours later, doctors sliced into her brain, looking for signs that the drug was working. With special permission from the Food and Drug Administration and multiple drug companies, an Arizona hospital is testing medicines very early in development and never tried on brain tumors before.

  • US Sen. Warren to file bill targeting top drug companies Thursday, 22 Jan 2015 | 12:24 PM ET

    Elizabeth Warren is shifting her focus from Wall Street to the nation's top pharmaceutical companies. Warren's bill would require that whenever drug companies enter into a settlement with the government over alleged wrongdoing, they must pay a portion of their annual profits over five years to support research at the National Institutes of Health and the...

  • BOSTON, Jan 22- Warning to mutual fund investors: the tax man is coming. U.S. investors in stock funds will take a big tax hit this year on capital gains that could top $300 billion after portfolio managers exhausted most of their loss reserves to offset several years of stock market advances. It's what you keep, " Boston- based Eaton Vance, which has nearly $300 billion...

  • Bill to leave cap-and-trade program sees little support Thursday, 22 Jan 2015 | 11:07 AM ET

    CONCORD, N.H.— There was little public appetite at a hearing Thursday for a bill that would pull New Hampshire out of a multistate effort to reduce carbon emissions. New Hampshire is one of nine states participating in the Regional Greenhouse Gas Initiative, a system where each state sells carbon emission allowances to producers. New Hampshire gets about $18...

  • Massachusetts gains jobs, unemployment rate falls Thursday, 22 Jan 2015 | 10:58 AM ET

    BOSTON— Massachusetts gained nearly 11,000 jobs and its unemployment rate dropped three-tenths of a percentage point to 5.5 percent in December, the final month of former Gov. Deval Patrick's administration, the state office of Labor and Workforce Development said Thursday. Preliminary estimates from the federal Bureau of Labor Statistics show...

  • NetScout beats Street 3Q forecasts Thursday, 22 Jan 2015 | 7:45 AM ET

    WESTFORD, Mass. _ NetScout Systems Inc. on Thursday reported fiscal third-quarter net income of $17.6 million. NetScout expects full-year earnings in the range of $1.87 to $1.91 per share, with revenue in the range of $455 million to $460 million. NetScout shares have declined 8 percent since the beginning of the year.

  • Wynn Resorts unveils redesign of Massachusetts casino Thursday, 22 Jan 2015 | 2:03 AM ET

    BOSTON— Wynn Resorts unveiled a long-awaited redesign of its proposed Massachusetts casino on Thursday, giving state regulators a glimpse at a gently curving bronze glass hotel tower resembling those of its signature resorts in Las Vegas and Macau. Wynn won the Boston- area's lone casino license with a proposed $1.6 billion complex on roughly 33 acres on the...

  • BOSTON, Jan 22- Warning to mutual fund investors: the tax man is coming. U.S. investors in stock funds will take a big tax hit this year on capital gains that could top $300 billion after portfolio managers exhausted most of their loss reserves to offset several years of stock market advances. It's what you keep, " Boston- based Eaton Vance, which has nearly $300 billion...

  • CONCORD, N.H.— Mitt Romney launched his last campaign for president at a New Hampshire farm, relied upon a New Hampshire victory to fuel his strategy to win the nomination and even posed the photos of his last family Christmas card on the shores of a New Hampshire lake where he still owns a home. But whatever home-field advantage the Republican Party's 2012 nominee...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • Congress, President Barack Obama headed to the conservative heartland on Wednesday to promote his plans for bolstering the middle class. Obama left Washington for a two-day trip to Idaho and Kansas to push his message that everyone should stand to gain from an economy that has all but recovered from years in the doldrums. Despite losing control of the Senate to...

  • WASHINGTON, Jan 21- Most U.S. states expect to hit their revenue targets this fiscal year, but at least six states say they could fall short, the National Conference of State Legislatures said on Wednesday. Alaska, Arizona, Kentucky, Massachusetts, Michigan, and Vermont all expect to miss their revenue forecasts, according to the report. New Mexico and Indiana are...

  • Congress, President Barack Obama headed to the conservative heartland on Wednesday to promote his plans for bolstering the middle class. Obama left Washington for a two-day trip to Idaho and Kansas to push his message that everyone should stand to gain from an economy that has all but recovered from years in the doldrums. To a crowd of more than 6,000 in a stadium...

  • Boston Private Financial posts 4Q profit Wednesday, 21 Jan 2015 | 5:09 PM ET

    BOSTON _ Boston Private Financial Holdings Inc. on Wednesday reported fourth-quarter profit of $11 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Boston Private Financial shares have dropped 8 percent since the beginning of the year.

  • An SEC official said he expected more enforcement activity in the future. In Wednesday's settlement, the SEC said S&P agreed to pay $58 million to settle three matters with the agency plus $19 million to settle parallel cases with the attorneys general of New York and Massachusetts. Unlike the Justice Department case, the charges brought by the SEC involve...