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Top News & Analysis Massachusetts

  • Attorney William Fitzpatrick in New Jersey, resolves claims by the federal government and 28 states arising out of a whistleblower lawsuit filed under the False Claims Act. The deal resolved civil claims arising from what the U.S. government said was Omnicare's submission of false claims for payment for drugs under the Medicare Part D and Medicaid programs...

  • WASHINGTON/ DETROIT, May 16- Investors on Tuesday shrugged off media reports that Ford Motor Co will announce plans to cut thousands of white-collar workers, highlighting the challenges facing Chief Executive Mark Fields. Fields, whose nearly three years at the helm have been marked by a languishing share price, is expected to announce as early as this week Ford...

  • The main indexes have been trading near record levels, supported largely by strong first-quarter earnings, but global geopolitical tensions and developments in Washington could unsettle the market's record-setting spree. Investors turned cautious after reports that President Donald Trump disclosed highly classified information to Russia's...

  • NEW YORK, May 16- The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker than expected U.S. housing data and concerns after political turmoil once more hit Washington. President Donald Trump disclosed highly classified information to Russia's foreign minister about a planned Islamic State operation. The story about Trump and...

  • While strong first-quarter earnings supported the indexes in the past few weeks, global geopolitical tensions and developments in Washington could unsettle the market's record-setting spree. Investors turned cautious after reports that President Donald Trump disclosed highly classified information to Russia's foreign minister about a planned...

  • *Q1 rev $7.78 bln vs est of $7.88 bln. Shares of the company, which was a bright spot so far among brick-and-mortar retailers, fell nearly 5 percent to $73.17 in early trading on Tuesday. TJX attributed unfavorable weather in parts of the United States and Canada for a slowdown in sales at the beginning of the quarter, but said that demand picked up as the quarter...

  • May 16- TJX Cos Inc, the owner of off-price chains T.J. Maxx and Marshalls, on Tuesday posted its slowest comparable-store sales growth in more than 10 quarters, adding to the gloom in the retail industry. The company attributed unfavorable weather in parts of the United States and Canada for a slowdown in sales at the beginning of the quarter, but said that demand...

  • May 16- TJX Cos Inc, the owner of off-price chains T.J. Maxx and Marshalls, on Tuesday posted its slowest comparable-store sales growth in more than 10 quarters, adding to the gloom in the retail industry. Shares of the company dipped nearly 5 percent to $73.3 before the bell. The Framingham, Massachusetts- based company's net income rose to $536.3 million, or 82 cents...

  • NEW YORK— A weak outlook overshadowed strong quarterly profit at TJX and shares slid more than 3 percent at the opening bell Tuesday. The TJX Cos., which operates T.J. Profit during the first quarter rose 5.5 percent to $536.3 million, or 82 cents per share, beating Wall Street expectations by 3 cents, according to a survey by Zacks Investment Research.

  • WESTBOROUGH, Mass. _ Virtusa Corp. on Tuesday reported fiscal fourth-quarter net income of $10.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. For the current quarter ending in July, Virtusa expects its per-share earnings to range from 24 cents to 30 cents.

  • FRAMINGHAM, Mass. _ Staples Inc. on Tuesday reported a fiscal first-quarter loss of $815 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 17 cents per share. Six analysts surveyed by Zacks expected $4.54 billion.

  • Moderna Therapeutics recently revealed that it's working on vaccines for the flu and Zika virus and a therapy for heart failure.

  • NEW YORK— Stores can't keep them in stock. "It just took off," says Richard Gottlieb, a consultant at Global Toy Experts in New York. Shannan Rowell, a sixth-grade special education teacher, says that after a weeklong break in late April more than half of her 25 students suddenly had one.

  • May 15- A county in New York state has sued Purdue Pharma LP, Johnson& Johnson and other drugmakers, accusing them of engaging in fraudulent marketing that played down the risks of prescription opioid painkillers, leading to a drug epidemic. Those misrepresentations about drugs like Purdue's OxyContin and Endo's Opana ER led Orange County to incur health care,...

  • CAMBRIDGE, Mass. _ Editas Medicine Inc. on Monday reported a loss of $31.1 million in its first quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 62 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Elizabeth Warren is faulting Republicans for blocking Democrats from negotiations on the Senate version of a health care overhaul bill. The Massachusetts Democrat said Monday that Senate Republicans are trying to get the bill to the floor of the Senate as quickly as possible. "The Republicans have literally locked the Democrats out of the negotiations over...

  • CARLSTADT, N.J.— A jet trying to land at a small airport near New York City crashed less than a mile from the runway among small warehouses and industrial buildings Monday, killing two crew members and sparking a fire that sent thick, black smoke spewing into the air. Police said no passengers were aboard the Learjet 35 when it went down around 3:30 p.m. a...

  • NEW YORK, May 15- Several big-name hedge fund investors trimmed their stakes in financial companies in the first quarter as hopes for immediate tax cuts and loosening of regulations after President Donald Trumps victory in November began to fade. Boston- based Adage Capital Management cut its position in Wells Fargo& Co, which has come under fire for its sales...

  • WALTHAM, Mass.— Thermo Fisher Scientific Inc. is buying Patheon for $5.2 billion, giving the scientific instrument maker more access to the contract development and manufacturing organization market. Thermo Fisher will pay $35 for each share of Patheon NV, based in the Netherlands. Thermo Fisher, which is based in Waltham, Massachusetts, anticipates about $120...

  • HYANNIS PORT, Mass.— What once were pieces of John F. Kennedy's home are now pieces of art. Floorboards, window panes, shingles, electrical fixtures, faded wallpaper, rusted nails and even a metal hook that once held a porch swing are among the ordinary items salvaged during an overhaul of JFK's Cape Cod home and transformed by local artists into mixed media artwork...