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Top News & Analysis Massachusetts

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  • NEW YORK, Sept 4- U.S. medium- and long-dated Treasuries prices rose on Friday, while prices for short-dated notes were mostly flat, after U.S. monthly employment data bolstered the case for the Federal Reserve to hike interest rates later this month. Nonfarm payrolls increased 173,000 last month, a slowdown from July's upwardly revised gain of 245,000 and the...

  • Secretary of the Commonwealth William Galvin said he has asked BNY Mellon and six of the largest fund companies affected how the technical glitch in fund accounting impacted individual investors. BNY Mellon roiled about 5 percent of the U.S. fund industry last month when one of the accounting systems it relies on to generate prices for mutual funds and...

  • EAST PALO ALTO, Calif.— Toyota is investing $50 million with Stanford University and the Massachusetts Institute of Technology in hopes of gaining an edge in an accelerating race to phase out human drivers. The financial commitment announced Friday by the Japanese automaker will be made over the next five years at joint research centers located in Silicon...

  • BOSTON, Sept 4- The top securities regulator of Massachusetts said on Friday he is investigating the computer glitch at BNY Mellon Corp that last month disrupted pricing on more than $400 billion worth of mutual fund and exchange-traded fund assets. Secretary of Commonwealth William Galvin said he has asked BNY Mellon and six mutual funds the technical...

  • MASSACHUSETTS SECRETARY OF THE COMMONWEALTH GALVIN SAYS HAS ASKED BNY MELLON, MUTUAL FUNDS HOW GLITCH AFFECTED INVESTORS.

  • BOSTON— The University of Massachusetts and seven labor unions have reached an agreement to pay $10.9 million in retroactive pay to faculty and staff. UMass President Martin Meehan and the unions announced the deal on Thursday. UMass spokesman Robert Connolly says if the funds aren't appropriated, the university will be forced to make mid-year cuts.

  • BOSTON— The Department of Children and Families failed to protect a 7- year-old boy who police say was beaten and starved by his father and who is now in a coma, according to a report released Friday. The investigation, carried out by DCF's special case investigation unit, found that the department failed to pull together multiple abuse reports— an oversight that...

  • BOSTON— Horse track operators and breeders are concerned the good times might be trotting to a close. Some states are looking to rein in a lucrative subsidy that's helped prop up their long-suffering industry. But industry experts say lawmakers in West Virginia, Iowa, Indiana, Delaware and elsewhere are pushing changes as their states face budget deficits and...

  • Those who remain bullish on China's long-run economic prospects have switched more of their focus to the Hong Kong market because valuations are lower, it is better regulated, and less prone to the whims of officials in Beijing than the mainland markets in Shanghai and Shenzhen. Those include betting against the currencies of Asian trading partners, and...

  • Sept 3- Genzyme Corp agreed to pay $32.59 million, admit wrongdoing and enter a deferred prosecution agreement to resolve U.S. criminal charges over its marketing of the surgical implant Seprafilm, the Department of Justice said on Thursday. Sanofi bought Genzyme in 2011.. According to papers filed with the federal court in Tampa, Florida, Genzyme admitted and...

  • NEW YORK, Sept 3- An $80 billion portfolio managed by hedge fund titan Ray Dalio's Bridgewater Associates and widely held by many pension funds slumped in August and some investors blame the strategy of such funds for the eruption in volatility that slammed stocks and commodities. Bridgewater's "All Weather Fund" fell 4.2 percent in August and is down 3.76...

  • Sept 3- Genzyme Corp agreed to pay $32.59 million, admit wrongdoing and enter a deferred prosecution agreement to resolve U.S. criminal charges over its marketing of the surgical implant Seprafilm, the Department of Justice said on Thursday. Sanofi bought Genzyme in 2011.. According to papers filed with the federal court in Tampa, Florida, Genzyme admitted and...

  • NEW YORK, Sept 3- Puerto Rico is getting attention from 2016 presidential hopefuls, who are making early stops in the U.S. territory, likely in part because of the fast-growing number of Puerto Ricans living in the key battleground state of Florida. Then comes Florida with 987,663; New Jersey with 478,439; Pennsylvania with 418,792, Massachusetts with 283,568;...

  • 4 men accused of stealing nearly 1,200 student laptops Thursday, 3 Sep 2015 | 12:27 PM ET

    WHITE PLAINS, N.Y.— A pair of brothers and two other men have been charged with stealing nearly 1,200 laptops bound for public school students in New Jersey after investigators determined their story about a theft didn't add up. Anton Saljanin, 43, and Gjon Saljanin, 40, were due to appear in court Thursday with Ujka Vulaj, 54, and Carlos Caceres, 37, on charges...

  • BOSTON— One day after federal regulators said they were stepping up oversight of Massachusetts' only nuclear power plant, Gov. About a dozen Pilgrim opponents delivered a letter at the Statehouse, asking Baker to seek the immediate closure and decommissioning of "a dangerous and error prone facility." Baker was not at the Statehouse at the time.

  • Xcerra beats Street 4Q forecasts Thursday, 3 Sep 2015 | 7:21 AM ET

    NORWOOD, Mass. _ Xcerra Corp. on Thursday reported fiscal fourth-quarter earnings of $7.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. For the current quarter ending in November, Xcerra said it expects revenue in the range of $87 million to $90 million.

  • US Muslims hope new billboards reclaim Islam's message Thursday, 3 Sep 2015 | 12:05 AM ET

    The New York- based Islamic Circle of North America has erected 100 billboards over the summer that feature statements such as: "Muhammad believed in peace, social justice, women's rights" and "Muhammad always taught love, not hate; peace, not violence." They are in cities including Boston; New York; Phoenix; San Diego; El Paso and Austin, Texas; Memphis, Tennessee;...

  • Fears the China growth woes could knock the global economy have spread turmoil in world financial markets, toppling the benchmark MSCI Asia Pacific ex- Japan index 16 percent this year. But the turbulence hides opportunities, some funds say, with Credit Suisse estimating net selling in emerging Asia ex- China reached a whopping $19.8 billion in the three months...

  • "There were a series of events that really call into question confidence in pricing and execution," said Larry Glazer, a managing partner at Mayflower Advisors, which oversees $2 billion in assets in Boston. Unlike rival State Street, which operates one global platform to calculate fund prices, BNY Mellon has five different systems, partly the result of...

  • SeaChange reports 2Q loss Wednesday, 2 Sep 2015 | 4:12 PM ET

    ACTON, Mass. _ SeaChange International Inc. on Wednesday reported a loss of $5 million in its fiscal second quarter. For the current quarter ending in November, SeaChange expects its results to range from a loss of 10 cents per share to a loss of 4 cents per share. SeaChange expects full-year results to range from a loss of 38 cents per share to a loss of 16 cents per...