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Top News & Analysis Massachusetts

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  • BOSTON— Massachusetts Senate President Stan Rosenberg is asking the University of Massachusetts to reconsider planned fee hikes. In a letter to UMass President Marty Meehan, Rosenberg said the university's board of trustees should revisit the increases in light of additional money provided to the five-campus system in the state budget.

  • Connecticut unemployment rate falls to 5.4 percent Thursday, 20 Aug 2015 | 11:48 AM ET

    HARTFORD, Conn.— Connecticut employers added 4,100 jobs in July, pushing the unemployment rate down to 5.4 percent, from 5.7 percent, its lowest since May 2008, the state Department of Labor said Thursday. Peter Gioia, economist for the Connecticut Business and Industry Association, the state's largest business group, said the sharp drop in the unemployment rate...

  • ELLINGTON, Conn.— Alex Kelly gained international infamy as the "preppy rapist" two decades ago while living an adrenaline-fueled life as a jet-set fugitive in Europe— skiing, hang gliding and mountain climbing before surrendering to face rape charges in Connecticut. The man who spent eight years on the lam, living off money the FBI said came from his wealthy...

  • Aug 19- Medical device maker Boston Scientific Inc said its stent to prevent the blocking of arteries in the legs was approved in the United States, four years after the device was recalled outside the country due to partial or no deployments. Boston Scientific also develops another medical device called Eluvia Stent that uses Innova's technology and is...

  • BOSTON, Aug 19- Cybersecurity intelligence firm iSight Partners is looking to raise $100 million or more this year as it prepares for an initial public offering as early as the end of 2016, the company's chief executive told Reuters. Financial analysts expect the industry's growth rate to accelerate following a rash of high-profile cyber attacks in recent...

  • *Shanghai shares end up after dip of up to 5 pct. NEW YORK, Aug 19- Fears about China's economy and falling oil prices kept world equity indexes under pressure on Wednesday, while the dollar lost ground after minutes from the U.S. "It was notable that they did mention China, because typically Fed minutes address U.S. economic conditions and don't normally veer off into...

  • Eaton Vance misses Street 3Q forecasts Wednesday, 19 Aug 2015 | 9:03 AM ET

    BOSTON _ Eaton Vance Corp. on Wednesday reported fiscal third-quarter profit of $68.7 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share. Eaton Vance shares have decreased nearly 5 percent since the beginning of the year.

  • Target is getting its groove back: Turnaround takes hold Wednesday, 19 Aug 2015 | 8:03 AM ET

    NEW YORK— Target is on its way back. Shoppers are visiting the company's stores more often and spending more on each trip, the Minneapolis- based discount-store chain said Wednesday. Wal-Mart Stores Inc., the world's largest retailer, announced Tuesday a 15 percent drop in second-quarter income and cut its annual outlook as its investment in its stores,...

  • Staples profit falls on declining sales Wednesday, 19 Aug 2015 | 6:09 AM ET

    NEW YORK— Staples Inc. on Wednesday reported a lower fiscal second-quarter profit on declining sales as the company moves forward with its plan to buy rival Office Depot Inc.. The Framingham, Massachusetts- based office supply chain earned $36 million, or 6 cents per share, down from $82 million, or 13 cents per share, a year earlier. The average estimate of eight...

  • Analog Devices tops Street 3Q forecasts Tuesday, 18 Aug 2015 | 4:09 PM ET

    NORWOOD, Mass. _ Analog Devices Inc. on Tuesday reported fiscal third-quarter earnings of $216.5 million. Twelve analysts surveyed by Zacks expected $845.1 million. For the current quarter ending in November, Analog Devices expects its per-share earnings to range from 79 cents to 87 cents.

  • WATERBURY, Conn.— Jonathan F. Kellogg, a former Associated Press bureau chief who served as executive editor of Connecticut's Republican-American newspaper, has died. Kellogg died Monday at his home in Harwinton. He also had served as executive editor of The Sun in Lowell, Massachusetts, and managing editor for the Portland Press Herald in Maine and the Maine...

  • FRAMINGHAM, Mass.— The parent of off-price retailers T.J. Maxx and Marshalls says more shoppers are coming to its stores, and its shares climbed 7 percent after it raised its outlook. The TJX Cos. posted a bigger profit and stronger sales than Wall Street expected. Analysts expected net income of 76 cents per share and $7.27 billion in revenue, according to a Zacks...

  • WASHINGTON— U.S. builders started work on single-family houses last month at the fastest pace since the Great Recession began in late 2007.. Housing starts in July rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department said Tuesday. "More housing starts means more construction jobs as well as confidence from real...

  • Massachusetts casino takes in $18M in first month Tuesday, 18 Aug 2015 | 7:19 AM ET

    PLAINVILLE, Mass.— State gambling regulators say Massachusetts' first casino made more than $18 million in gross gambling revenue in its first full month in business, generating $8.9 million for the state. Eric Schippers of Plainridge owner Penn National Gaming said the take was in line with expectations. Gambling experts warn that Plainridge's real test will...

  • WASHINGTON— Say this about New York: If you can afford a first home there, you can probably afford one anywhere. A new analysis by the real estate firm Zillow found that the typical income for a first-time buyer is $54,340, pretty much the same as it was in the late 1970 s after adjusting for inflation. Yet that looks like a relative bargain compared with New York, San...

  • WASHINGTON— Two Citigroup Inc. affiliates have agreed to pay $179.5 million to resolve federal regulators' charges of misleading investors in hedge funds that later collapsed. The Securities and Exchange Commission announced Monday the settlement with Citigroup Alternative Investments, a subsidiary of the bank, and Citigroup Global Markets, an...

  • BOSTON— A referendum which would have halted efforts by members of the Aquinnah Wampanoag tribe to bring electronic, bingo-style games to an unfinished tribal community center on Martha's Vineyard failed to win a two-thirds majority vote on Sunday. "The will of our citizens, based on the result of today's vote, is that there will be no change to present course of...

  • When an Airbnb rental becomes a horror story Saturday, 15 Aug 2015 | 11:24 AM ET
    Airbnb app

    After an alleged assault, a central question for Airbnb is how much responsibility is it willing to assume for the safety of its customers?

  • The move came just before spot gold prices tumbled 6.6 percent in July, their weakest monthly performance in more than two years after a steep selloff in Shanghai and New York, and on expectations for the U.S. "It appears Paulson was astute to lighten up some before the July plunge," said Mike McGlone, director of research for ETF Securities in New York.

  • A torrent of $44 billion in high-yield debt and share sales in the first half of this year has slowed to a trickle with oil now at just above $42 a barrel, 30 percent below its June levels and 60 percent down from June 2014, and a more pessimistic view taking hold that global oversupply could keep oil cheap for years. "The capital markets showed up in force in the first...