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Top News & Analysis Massachusetts

  • 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.

  • PROVIDENCE, R.I.— Facebook CEO Mark Zuckerberg says his quest this year to visit every state he hadn't before is about building relationships, not politics. He wrote the post Sunday from Newport, Rhode Island, where he was spotted with his wife, Priscilla Chan. Massachusetts real estate broker Gisele Borghani said she and her family were walking on a crowded...

  • A tech inventor said Visa began work on the Apple Pay technology with Apple, MasterCard and American Express, after talks to work with him.

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • NEW YORK, May 19- With S&P 500 companies set to notch their strongest quarterly earnings growth in about six years, a weaker U.S. dollar may help keep the profit momentum rolling and support share prices in the weeks to come. After a dramatic week in Washington that rattled financial markets, one possible silver lining for stock investors was the weaker dollar,...

  • NEW YORK, May 19- U.S. stocks rallied on Friday as strong corporate earnings lifted investors' spirits in a week dominated by uncertainty surrounding Donald Trump's U.S. presidency. "You've had no Washington drama today and decent earnings," said David Joy, chief market strategist at Ameriprise Financial in Boston. With Washington not in the headlines, we can focus...

  • The Special Operations Forces Industry Conference is held yearly in Tampa. Special Operations Command— the Tampa- based unit that oversees all of the nation's elite military teams— shops for equipment. Lantern-jawed Marines in camo mingle with computer geeks in chinos who run complex intel programs on the convention floor.

  • A significant number of the job gains occurred in nine states, led by Texas, Minnesota and Wisconsin. Arkansas, Colorado and Oregon reported the lowest unemployment rates since 1976. Colorado's rate, at 2.3 percent, was the nation's lowest. Hawaii, New Hampshire, North Dakota and South Dakota each had jobless rates below 3 percent.