Top News & Analysis Massachusetts

  • Jan 18- State Street Corp will pay more than $64 million to resolve U.S. investigations into what prosecutors said was a scheme to defraud six clients through secret commissions on billions of dollars of trades, authorities said on Wednesday. Under the deal, State Street entered into a deferred prosecution agreement with federal prosecutors in Boston and...

  • Shanghai- based Dipont Education Management Group "has withdrawn from the project," Jerome Lucido, who heads a University of Southern California research center that has been working on it, said in a statement to Reuters. A committee of participating schools- including Stanford University, Columbia University, Massachusetts Institute of Technology and the...

  • WASHINGTON, Jan 18- Early optimism among business lobbyists and executives that Donald Trump's election heralded better days has slowly given way to uncertainty as the president-elect fires off mixed and sometimes confusing messages on healthcare, taxes and trade. Doubts deepened over the weekend as Trump declared he would replace President Barack...

  • NEW YORK— Democratic attorneys general from five states and the District of Columbia have sent a letter urging the Senate Judiciary Committee to reject the nomination of Alabama Sen. The letter said Sessions made bigoted statements in the past, rejected sensible, criminal justice policy reforms, and badly managed his office during his tenure as Alabama...

  • BOSTON/ BEIJING, Jan 18- The hedge fund investment firm founded by Anthony Scaramucci said it will sell a majority of itself to RON Transatlantic EG and an arm of Chinese aviation and tourism conglomerate HNA Group, four days after Scaramucci took a position in President-elect Donald Trump's administration. For HNA Group, which announced about $20 billion of...

  • BOSTON— Imagine you're behind the wheel when your brakes fail. Researchers at the Massachusetts Institute of Technology are asking people worldwide how they think a robot car should handle such life-or-death decisions. "There is a real risk that if we don't understand those psychological barriers and address them through regulation and public outreach, we...

  • HINGHAM, Mass. _ Hingham Institution for Savings on Tuesday reported fourth-quarter earnings of $6.3 million. The Hingham, Massachusetts- based bank said it had earnings of $2.92 per share. For the year, the company reported profit of $23.4 million, or $10.89 per share.

  • MEDFORD, Mass. _ Century Bancorp Inc. on Tuesday reported fourth-quarter earnings of $6.5 million. The bank, based in Medford, Massachusetts, said it had earnings of $1.17 per share. Century Bancorp shares have dropped slightly more than 2 percent since the beginning of the year.

  • BOSTON, Jan 17- One of President-elect Donald Trump's top liaisons to Wall Street's business elite launched a mutual fund three years ago for mom-and-pop investors that lags most of its peers. Hedge fund impresario Anthony Scaramucci, 53, has secured a top White House job as an adviser and public liaison to government agencies and businesses.

  • WASHINGTON, Jan 17- One of the most powerful Democrats in the U.S. Congress on Tuesday pressed President-elect Donald Trump to keep the consumer financial watchdog agency's current director, as rumors about a possible termination and replacement swirled. Senate Democratic leader Chuck Schumer told reporters that Trump will break his campaign promise of "...

  • WASHINGTON, Jan 17- Billionaire investor Bill Ackman's hedge fund paid $75,000 to settle civil "pay-to-play" charges with the Securities and Exchange Commission after running afoul of campaign contribution and money management rules. Pershing Square Capital Management, which invests roughly $11.6 billion for a number of state pension funds and wealthy...

  • BOSTON— Crime writer Patricia Cornwell has settled a lawsuit against her former business managers, avoiding a second trial for a case that dates to 2009.. Cornwell had claimed the New York accounting firm Anchin, Block& Anchin LLP was negligent in handling her finances and cost her millions in losses or unaccounted for revenue. A federal jury awarded the author...

  • BOSTON, Jan 17- JPMorgan Chase& Co Chief Executive Jamie Dimon has been no fan of Institutional Shareholder Services and once called investors "lazy" if they cast votes in corporate elections based on recommendations from the leading proxy adviser or its rival. Proxy Insight's findings, which it provided to Reuters News last week, come amid a debate over whether...

  • BEDFORD, Mass. _ Progress Software Corp. on Monday reported a loss of $73.8 million in its fiscal fourth quarter. For the current quarter ending in March, Progress Software expects its per-share earnings to range from 25 cents to 27 cents. Progress Software expects full-year earnings in the range of $1.64 to $1.69 per share, with revenue ranging from $387.3...

  • SARATOGA SPRINGS, N.Y.— Bob Dylan would surely still recognize the low-ceilinged room in Caffe Lena where he played a couple of gigs almost 60 years ago. Dylan performed twice there early in his career, when the young singer born in Minnesota as Robert Zimmerman was just making his way onto New York City's folk scene. "It's a legendary place," said Jeff Place, archivist...

  • BOSTON— Donald Trump's election has propelled Sen. In just the past few weeks, Warren has penned a scathing 16- page critique of Trump's nominee for education secretary, Betsy DeVos; grilled his pick for housing secretary, Ben Carson; co-sponsored legislation requiring the president and vice president to disclose and divest any potential financial conflicts...

  • "There isn't any one thing," said Kenneth Feld, chairman and CEO of Feld Entertainment. " Major stops include Atlanta, Washington, Philadelphia, Boston and Brooklyn. The final shows will be in Providence, Rhode Island, on May 7 and in Uniondale, New York, at the Nassau County Coliseum on May 21.

  • "There isn't any one thing," said Kenneth Feld, chairman and CEO of Feld Entertainment. " Major stops include Atlanta, Washington, Philadelphia, Boston and Brooklyn. The final shows will be in Providence, Rhode Island, on May 7 and in Uniondale, New York, at the Nassau County Coliseum on May 21.

  • PORTLAND, Maine— Maine's scallops have surged to a record high price at the docks this winter after several years of rising in value, according to fishing regulators in the state. Fishermen harvest Maine scallops with dragging boats or by hand while diving in frigid waters. The scallops are selling for about $13.50 per pound at the dock, the scallop manager for the...

  • NEW YORK— Birds took the blame for bringing down the jetliner that "Sully" Sullenberger landed on the Hudson River eight years ago this weekend. An Associated Press analysis of bird-killing programs at the New York City area's three major airports found that nearly 70,000 gulls, starling, geese and other birds have been slaughtered, mostly by shooting and...