Top News & Analysis Massachusetts

  • It was not clear how such a disclosure might affect Yahoo's plan to sell its email service and other core internet properties to Verizon Communications Inc for $4.8 billion. If a breach is confirmed, Yahoo would likely force users to change their passwords, said Linn Freedman, a privacy attorney with Robinson& Cole LLP. "If no financial information or Social...

  • Sept 22- Yahoo Inc will disclose details this week of a data breach that compromised the data of several hundred million users, technology news site Recode reported on Thursday, citing unnamed sources familiar with the company's plan. It was not clear how such a disclosure might affect Yahoo's plan to sell its email service and other core internet properties to...

  • Andrew Cuomo once likened to a brother was among eight men arrested Thursday in a bribery and fraud case that threatens to tarnish Cuomo's efforts to spur the upstate economy and darken a reputation that until now has been spared from a federal prosecutor's anti-corruption crusade. Some of the most serious allegations in a Manhattan federal court criminal...

  • WASHINGTON— Janet Yellen's Federal Reserve has demonstrated one of the core tenets of central banking: On the Fed panel that sets interest rates, some votes are more equal than others. The 7-3 vote reflected "no" votes from the presidents of three regional Fed banks— Esther George of Kansas City, Loretta Mester of Cleveland and Eric Rosengren of Boston.

  • PEABODY, Mass. _ Analogic Corp. on Wednesday reported fiscal fourth-quarter profit of $8.8 million. On a per-share basis, the Peabody, Massachusetts- based company said it had net income of 70 cents. Analogic shares have increased 8 percent since the beginning of the year.

  • A Democratic congressman is suggesting that public outrage over the increase in price for the EpiPen could help Congress pass legislation allowing Medicare to directly negotiate drug prices with companies. Congressman Stephen Lynch of Massachusetts linked the EpiPen controversy to Medicare and drug prices during a hearing Wednesday before a House...

  • BOSTON— Tufts University in Boston is receiving a $15 million donation to expand its anatomy lab where medical students dissect cadavers. Tufts plans to build an expanded anatomy lab with new medical imaging equipment and room for more than 200 students and faculty. Medical students at Tufts and many other schools learn anatomy by dissecting cadavers.

  • WASHINGTON— The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end. For the first time in nearly two years and for the first time since Janet Yellen became Fed chair in February 2015, there were three dissents to the Fed's statement. The three officials are all presidents of regional Fed...

  • NEW YORK, Sept 21- Wells Fargo& Co Chief Executive John Stumpf prides himself on being a banker who understands the little guy's financial problems. He smiles, and he's sweet and he's in no way responsible, "said Robert Monks, chairman of ValueEdge Advisors, which advises investors on corporate governance issues. Earlier this month, the lender agreed to pay $190...

  • Sept 21- Billionaire investor Leon Cooperman was charged with insider trading by the top U.S. securities regulator on Wednesday, making him the highest-profile target in years in the government's crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million after he bought the...

  • NEW YORK— Many frequent fliers are buzzing about the latest travel rewards credit card— one that comes with a hefty $450 annual fee but offers a juicy 100,000 point bonus at sign-up. Rewards cards lure us in with dreams of a free trip to some warm tropical beach. You're going to spend money— why not get a vacation out of it.

  • SAN FRANCISCO— The popular navigation app Waze is putting a new twist on the phrase "tunnel vision." The beacons will be turned on Wednesday in two Pittsburgh tunnels, Fort Pitt and Liberty, and another in Israel, where Waze was founded before Google bought it in 2013 for $969 million. Plans already are being drawn up to install the Waze beacons in tunnels in Rio de...

  • NEW YORK— Chipotle is making another push to convince people that its food won't make them sick, with plans to run more newspaper and digital ads outlining the safety steps it has taken since last year's E. coli outbreak. The ads beginning Wednesday will be an open letter from co-CEO Steve Ells, who also recorded a video that will be promoted online.

  • WASHINGTON— Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Well Fargo CEO John Stumpf appeared taken aback by the intensity of the verbal lashing. Debit cards were issued and activated, as well as PINs created, without customers knowing, U.S. and California regulators said as they fined San Francisco- based Wells Fargo a...

  • Sept 20- Tesla Motors Inc has rolled out a security patch for its electric cars after Chinese security researchers uncovered vulnerabilities they said allowed them to remotely attack a Tesla Model S sedan. The automaker said that it had patched the bugs in a statement to Reuters on Tuesday, a day after cyber-security researchers with China' a Tencent Holdings...

  • Sept 20- Wells Fargo& Co customers aiming to sue the bank over bogus accounts opened in their names may be in for an unpleasant surprise: the fine print requires them to take their claims to an arbitrator instead of a court. U.S. senators highlighted the issue on Tuesday as they grilled Wells Fargo Chief Executive Officer John Stumpf during a hearing.

  • Sept 20- U.S. Senate lawmakers excoriated Wells Fargo& Co's chief on Tuesday for his oversight of the bank as it opened 2 million bogus customer accounts, potentially laying the groundwork for new rules and reviving questions of whether banks are "too big to fail." Chief Executive Officer John Stumpf told the Senate Banking Committee on Tuesday that customers who...

  • Sept 20- Wells Fargo& Co's chief executive officer told a Senate panel on Tuesday that customers who had bogus accounts opened in their name will be made whole and compensated for any damage to their credit rating, but some Democratic senators called for his resignation. Under fire, CEO John Stumpf told the Senate Banking Committee he has told his managers to do "...

  • WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August likely as bad weather disrupted building activity in the South, but a solid increase in permits for single-family dwellings suggested demand for housing remained intact. Economists said flooding in Texas and Louisiana was probably behind the drop in starts last month.

  • WASHINGTON— The Latest on the testimony of Wells Fargo's CEO before the Senate Banking Committee:. Regulators fined San Francisco- based Wells Fargo $185 million earlier this month, saying employees had opened the millions of accounts to meet aggressive sales targets. The Massachusetts Democrat, one of the fiercest critics of Wall Street, challenged John...