Top News & Analysis Massachusetts

  • PEABODY, Mass. _ Meridian Bancorp Inc. on Tuesday reported fourth-quarter profit of $11.3 million. The holding company for East Boston Savings Bank posted revenue of $46.9 million in the period. Meridian Bancorp shares have decreased 2 percent since the beginning of the year.

  • The Labor Department said Tuesday that job totals were little changed in the other 42. Florida followed, with a 3.1 percent gain, and Nevada and Washington both reported 3 percent increases. California added the largest number of jobs, adding 332,500, followed by Florida with 251,400 and Texas with 210,200. Those increases partly reflect their larger...

  • CONCORD, N.H.— A year after hundreds of sites in the state were found contaminated with a suspected carcinogen, the safety of groundwater is under scrutiny in the Legislature. "I'd like to find a way to develop standards in the state of New Hampshire that are more protective for our children— the unborn children and the young children— for exposure to toxins like this...

  • BOSTON— Gun rights activists aided by the National Rifle Association are suing Massachusetts over its firearms laws, saying the state's assault weapons ban is preventing law-abiding residents from buying and possessing some of the most popular rifles in the country, as well as most standard-capacity magazines. Massachusetts has some of the strictest guns...

  • CAMBRIDGE, Mass. _ Cambridge Bancorp on Tuesday reported fourth-quarter net income of $4.4 million. The Cambridge, Massachusetts- based bank said it had earnings of $1.08 per share. Cambridge shares have increased slightly since the beginning of the year.

  • MILFORD, Mass. _ Waters Corp. on Tuesday reported fourth-quarter net income of $174.4 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share. Eight analysts surveyed by Zacks expected $617 million.

  • NEW YORK, Jan 24- Some prominent U.S. fund managers are betting that former President Barack Obama's signature healthcare law will not undergo the widespread changes that President Donald Trump promised on the campaign trail. "They may do enough to try to rebrand it as Trumpcare, but I just don't think it will be that dramatically different from what we have today,"...

  • PHILADELPHIA— Despite a threat from cable giant Comcast to take legal action, Philadelphia has banned employers from asking potential hires to provide their salary history, a move supporters say is a step toward closing the wage gap between men and women. "I know that Comcast and the business community are committed to ending wage discrimination, and I'm...

  • WASHINGTON— Attorneys general from 16 states and the District of Columbia are seeking to defend a U.S. consumer watchdog agency in court amid speculation that President Donald Trump may fire its director, Richard Cordray. The attorneys general, led by George Jepsen of Connecticut, noted that they have often brought legal actions in coordination with the...

  • CHELMSFORD, Mass. _ Mercury Systems Inc. on Monday reported fiscal second-quarter profit of $5.2 million. For the current quarter ending in April, Mercury Systems expects its per-share earnings to range from 29 cents to 32 cents. Mercury Systems expects full-year earnings in the range of $1.09 to $1.14 per share, with revenue ranging from $377 million to $384...

  • On Monday, Trump told U.S. manufacturing executives he would impose a hefty border tax on firms that import products to the United States after moving American factories overseas. "The trade comments were a bit unsettling so stocks sold off, offering Treasuries some safe-haven support," said John Canavan, market strategist at Stone& McCarthy Research...

  • *Oil dips, signs of U.S. output rise offset OPEC- led cuts. NEW YORK, Jan 23- The U.S. dollar fell to a seven-week low against a basket of key world currencies on Monday and global stock markets declined amid investor concerns over protectionist rhetoric by U.S. He also plans to sign an executive order to renegotiate the free trade agreement between the U.S., Canada and...

  • *Companies to sell $20- $25 bln in high-grade debt- IFR. Treasury yields slipped on Monday as investor jitters over President Donald Trump's tough stance on trade spurred safe-haven demand for bonds ahead of $88 billion in government debt supply this week. He also plans to sign an executive order to renegotiate the free trade agreement between the U.S., Canada and...

  • NEW YORK, Jan 20- U.S. stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as U.S. In his speech, Trump said U.S. policy will be to buy American and hire American, reiterating what he had said many times during this campaign for the White House. "If you want to take the inaugural speech as a signal of anything, it's that trade...

  • Jan 20- General Electric Co is seeking a sharp cut in corporate tax rates under President Donald Trump but is bracing for U.S. sales of medical equipment to suffer if Congress delays changing U.S. healthcare laws. "From a GE perspective, at a minimum, we need to have a corporate tax system where the rate of taxation is commensurate with the OECD average of 21 or 22...

  • GE said revenue at its power plant unit was hit by failure to ship six gas turbines to Bahrain and Iraq that it expected to deliver in the quarter. The Boston- based maker of power plants, aircraft engines, locomotives and medical equipment said total revenue fell 2.4 percent to $33.1 billion, slightly below Wall Street expectations of $33.6 billion.

  • The Boston- based maker of power plants, aircraft engines, locomotives and medical equipment said revenue fell 2.4 percent to $33.1 billion, slightly below Wall Street expectations of $33.6 billion. Net income from continuing operations attributable to GE shareholders rose to $3.48 billion, or 39 cents a share, from $2.57 billion, or 26 cents a share, a year...

  • The Boston- based maker of power plants, aircraft engines, locomotives and medical equipment said total revenue fell 2.4 percent to $33.1 billion. Earnings from continuing operations attributable to GE shareholders rose to $3.48 billion in the fourth quarter ended Dec. 31, from $2.57 billion a year earlier. Earnings per share from continuing operations rose...

  • BOSTON— General Electric's fourth-quarter revenue missed Wall Street's view, with continued softness in its oil and gas, transportation and lighting businesses. That's below the $34.15 billion that analysts polled by Zacks Investment Research expected. That matched what analysts surveyed by Zacks were calling for.

  • MANILA, Jan 20- London copper futures surrendered early gains to edge lower on Friday as investors exercised caution ahead of U.S. President-elect Donald Trump's inauguration, looking past data that showed China's economy grew slightly faster than expected. Expectations that China will continue to spur economic activity this year should boost demand in...