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Top News & Analysis Massachusetts

  • QUINCY, Mass.— In a story May 23 about a visit by Facebook CEO Mark Zuckerberg and his wife to a Massachusetts high school, The Associated Press reported erroneously that the couple made a donation to the school during the visit. Mark Zuckerberg, wife visit Massachusetts high school. QUINCY, Mass.— Facebook CEO Mark Zuckerberg has visited the Massachusetts high...

  • BOSTON _ Eaton Vance Corp. on Wednesday reported fiscal second-quarter profit of $72 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Three analysts surveyed by Zacks expected $371.1 million.

  • WASHINGTON— President Donald Trump's budget chief delivered a spirited defense of the plan's deep spending cuts, but his agriculture secretary offered only a half-hearted endorsement of proposed reductions to farm subsidies and food stamps. A day after the budget's release, a handful of senior administration officials fanned out on Capitol Hill on...

  • HARTFORD, Conn.— The Connecticut Senate passed a bill early Wednesday allowing a new satellite casino to be built by two Native American tribes in East Windsor, but it's doubtful it will clear the House of Representatives. House Majority Leader Matt Ritter, D- Hartford, confirmed Wednesday that the bill that passed the Senate on a 24-12 vote cannot pass the House in...

  • QUINCY, Mass.— Facebook CEO Mark Zuckerberg has visited the Massachusetts high school where his wife attended. Zuckerberg says in a Facebook post the couple had stopped by the school on their way to Cambridge, Massachusetts, where Zuckerberg is set to deliver the commencement speech at Harvard University on Thursday. Zuckerberg livestreamed on Facebook his...

  • BOSTON— A Boston museum has doubled its reward to $10 million for information that leads to the return of 13 works of art stolen more than two decades ago in the largest art heist in U.S. history. Two men dressed in Boston police uniforms gained entrance to the museum on March 18, 1990, by telling the security guard at the watch desk that they were responding to a...

  • NEW YORK, May 23- A New York state appeals court on Tuesday ruled that Exxon Mobil Corp should be compelled to turn over records in an investigation into how much the company knew about global warming as it continued to publicly downplay the effects it was expected to have on the fossil fuel industry. Exxon has been battling subpoenas from New York Attorney...

  • NEW YORK, May 23- The Trump administration is proposing to sell off in the coming fiscal year the entire gasoline reserve created in the aftermath of Hurricane Sandy, according to its budget proposal unveiled on Tuesday. It consists of 1 million barrels of gasoline blendstock and is stored in commercial storage terminals in Maine, Massachusetts and New Jersey.

  • BOSTON, May 23- A former Eaton Vance Corp portfolio manager pleaded guilty on Tuesday to an illegal options trading scheme that defrauded the company and allowed him to make $1.9 million in profits. Kevin Amell, who had been a vice president at the asset management company, pleaded guilty in Boston federal court to one count of securities fraud as part of a plea...

  • The Borgata said MGM Resorts' "M life" program will replace the My Borgata Rewards program on June 7. He said the "timing couldn't be more ideal," with the recent opening MGM Resorts' new casino in Oxon Hill, Maryland, and another planned for next year in Springfield, Massachusetts. It will enable members to earn credits at 17 MGM properties in Las Vegas, Mississippi,...

  • NEW YORK, May 23- Fidelity Investments will allow its clients to see their holdings of bitcoin and other virtual currencies held on digital asset exchange Coinbase on the company's website, said Chief Executive Abigail Johnson on Tuesday. The move will make the Boston- based asset manager one of a handful of large financial services firms to have integrated...

  • May 23- Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector. Guided by a team of eight investment professionals, the new business will make investments of between $30 million and $70 million in public and private life sciences companies in areas ranging...

  • At least six other states are considering similar laws, to ease the burden of student debt that has doubled since 2008 to over $1.3 trillion, according to the Federal Reserve Bank of New York. "There are many schools that are going to be losers in this game," said R.J. Gallo, a portfolio manager at Federated Investors in New York. Gallo, who owns debt issued by well-known...

  • Facebook CEO Mark Zuckerberg has visited a Rhode Island public school and met with the governor to talk about education initiatives. WPRI-TV reports that Zuckerberg visited Del Sesto Middle School in Providence on Monday. A Massachusetts woman says she was surprised to bump into Facebook CEO Mark Zuckerberg while walking on a crowded sidewalk in the...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. Corporations were also tapping investors for cash with bankers expecting $35 billion in investment-grade deals this week, according to IFR, a Thomson Reuters unit.

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. Corporations were also tapping investors for cash with bankers expecting $35 billion in investment-grade deals this week, according to IFR, a Thomson Reuters unit.

  • NEW YORK, May 22- The S&P 500 Telecommunications Services Sector index as-we-know it may have to hang up on investors, as its creators are considering a restructuring of the once-hot index which has shrunk to just four companies from 14.. After years of consolidation and diversification, today's telecommunications sector would be unrecognizable to...

  • HARTFORD, Conn.— A court on Monday overturned an order for a Connecticut financier to pay nearly $90,000 in attorney fees racked up by a British television host during a long-running and bitter international child custody dispute. Custody proceedings remain pending in England. His father, Pierre Rinfret, was an economic adviser to Presidents John F. Kennedy,...

  • BOSTON, May 22- A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. Yasuna Murakami, who managed Cambridge, Massachusetts- based MC2 Capital Management LLC, was arrested in Vermont on Saturday and charged in a criminal complaint with...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. They announced seven investment-grade deals and seven junk bond offerings on Monday, according to IFR, a Thomson Reuters unit.