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Top News & Analysis Massachusetts

  • QUINCY, Mass. _ J. Jill Inc. on Thursday reported earnings of $2 million in its fiscal fourth quarter. The Quincy, Massachusetts- based company said it had profit of 5 cents per share. For the year, the company reported profit of $24.1 million, or 55 cents per share.

  • PARIS, March 30- Top French financiers will travel to the United States in May to try to attract U.S business to Paris following Britain's decision to quit the European Union. Paris Europlace- an organisation representing French business and finance- said in its March newsletter published on Thursday that it would hold roadshows in Boston and New York on May 22...

  • NEW BEDFORD, Mass.— A leading U.S. fishing magnate known as "The Codfather" is scheduled to plead guilty to federal charges of evading fishing quotas and smuggling money to Portugal. The U.S. attorney's office says Carlos Rafael has a change of plea hearing scheduled for Thursday. It includes a fleet of more than 30 vessels, 44 commercial fishing permits and the...

  • BEDFORD, Mass. _ Progress Software Corp. on Wednesday reported a fiscal first-quarter loss of $525,000, after reporting a profit in the same period a year earlier. For the current quarter ending in June, Progress Software expects its per-share earnings to range from 35 cents to 37 cents. Progress Software expects full-year earnings in the range of $1.64 to $1.69...

  • In a letter to the SEC's internal watchdog, Inspector General Carl Hoecker, the Democrats said acting SEC Chairman Mike Piwowar should not have ordered staff to review the SEC's rules on "conflict minerals" and CEO pay ratios because they are mandated by Congress. "We ask that you conduct an investigation into each of these decisions to determine whether they are...

  • The settlement, announced by Massachusetts Attorney General Maura Healey and Delaware Attorney General Matt Denn, calls for Boston-headquartered Santander Consumer USA to make payments to borrowers and to the states. Santander, which Healey called the largest packager of subprime auto loans in the nation, funded "unfair and unaffordable" loans to more than...

  • *Financials top loser among S&P sectors. *Amazon hits record high, boosts Nasdaq. March 29- The S&P 500 and the Dow were pressured by declines in financial stocks, while consumer discretionary shares lifted the Nasdaq.

  • March 29- Gains in energy and consumer discretionary stocks propped up the S&P 500 and the Nasdaq on Wednesday, but the Dow Jones Industrial Average slipped due to losses in healthcare stocks. "We're going to be fairly range-bound as we get to the earnings season or until there is some significant development on tax reforms," said Michael Scanlon, portfolio...

  • *Fed's Charles Evans, Eric Rosengren set to speak. March 29- U.S. stocks looked set for a muted open on Wednesday as investors turned their attention to Europe, where Britain started a process to exit the European Union. Nine months after Britons voted to leave, British Prime Minister Theresa May notified EU Council President Donald Tusk in a letter that the UK is...

  • WILMINGTON, Mass. _ UniFirst Corp. on Wednesday reported fiscal second-quarter earnings of $22.5 million. UniFirst expects full-year earnings to be $4.85 to $5 per share, with revenue in the range of $1.55 billion to $1.57 billion. UniFirst shares have decreased slightly more than 5 percent since the beginning of the year.

  • *Federal Reserve officials, including Chicago Fed President Charles Evans and his Boston counterpart, Eric Rosengren are scheduled to speak at separate events and may comment on the central bank's interest rate outlook. *While Fed Chair Janet Yellen did not comment on monetary policy at a conference on Tuesday, Vice Chairman Stanley Fischer hinted on CNBC...

  • The vast majority of those students are from Iran, where undergraduate programs are known for their strength in engineering and computer sciences. The ban, which would suspend immigration from Iran, Sudan, Somalia, Libya, Syria and Yemen, has been blocked by federal judges. Students from Iran have helped fill graduate programs at American colleges for years,...

  • LONDON- Bank of England Executive Director, Chris Salmon speaks at Foreign Exchange Industry event in London. FRANKFURT- European Central Bank Executive Board Member Peter Praet delivers speech at the "2017 Harvard Law Europe- US Symposium on International Financial Systems"- 1750 GMT. NEW YORK- Federal Reserve Bank of San Francisco President John Williams...

  • LONDON- Bank of England Executive Director, Chris Salmon speaks at Foreign Exchange Industry event in London. FRANKFURT- European Central Bank Executive Board Member Peter Praet delivers speech at the "2017 Harvard Law Europe- US Symposium on International Financial Systems"- 1750 GMT. NEW YORK- Federal Reserve Bank of San Francisco President John Williams...

  • The White House said earlier Tuesday that President Donald Trump strongly supports the repeal of the rules approved by the Federal Communications Commission in October under then-President Barack Obama. The White House in its statement said internet providers would need to obtain affirmative "opt-in" consent from consumers to use and share certain...

  • WASHINGTON, March 28- The White House said on Tuesday that the Trump administration strongly supports a bill to repeal regulations requiring internet service providers to do more to protect customers' privacy than websites like Alphabet Inc's Google or Facebook Inc.. The U.S. House is due to vote later on Tuesday to repeal rules approved by the Federal...

  • SAN FRANCISCO, March 28- CarGurus, a popular website where consumers go to browse cars, has tapped investment banks for an initial public offering later this year, according to people familiar with the matter. The Cambridge, Massachusetts- based company is aiming to go public in the fourth quarter of the year at a valuation of more than $1 billion, the people said on...

  • Harvard University said Tuesday that Carter is being hired as a professor and as director of the Belfer Center for Science and International Affairs, a university think tank. For Carter, the new role will be in familiar territory— he taught at Harvard from 1996 to 2009 and once led an earlier version of the Belfer Center. Harvard President Drew Faust said she is...

  • BOSTON— Convenience store magnate Christy Mihos, who built and sold a chain of markets bearing his name, twice ran unsuccessfully for governor and endured a nasty divorce and bankruptcy, has died at age 67.. He died Saturday in hospice care in Stuart, Florida, after a battle with cancer, his sister, Marlene Bucuvalas, told the Cape Cod Times. His death was confirmed...

  • "We should not in any way hinder their independence," said Representative Carolyn Maloney, a New York Democrat, echoing the sentiment of Fed policymakers who say they could come under political pressure to avoid making unpopular decisions such as raising interest rates to slow growth and control inflation. Republican President Donald Trump expressed...