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Top News & Analysis Massachusetts

  • WASHINGTON-- Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the nation's drug supply. In 2007, Medicare revoked coverage of compounded inhaler drugs for lung disease.

  • FAST TRACK: Test runs started zooming along a section of the Amtrak line between Chicago and St. Louis at 111 mph Friday. The 30- mph increase from the route's current top speed is a morale booster for advocates of high-speed rail.

  • NEW YORK-- Shares of Biogen Idec Inc. continued to slump Friday after the company said the Food and Drug Administration has delayed a decision on its multiple sclerosis pill BG-12.

  • WASHINGTON-- Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the nation's drug supply. In 2007, Medicare revoked coverage of compounded inhaler drugs for lung disease.

  • JOLIET, Ill.-- For the first time on a key Midwestern route between Chicago and St. Louis, an Amtrak passenger train topped 110 mph Friday, ripping through fog-shrouded farm fields and blowing past cars on a parallel highway. Illinois and the country was a wasteland when it came to high speed rail, "said U.S.

  • When the University of Phoenix, the country's largest university, announced this week it's closing 115 campuses and satellite locations, it signaled more than a sudden availability of commercial real estate near highway interchanges, where for-profit colleges like to set up shop as a student convenience.

  • JOLIET, Ill.-- An Amtrak passenger train has reached a speed of 110 mph for the first time in Illinois. The five-car, two-locomotive train zipped through the central Illinois countryside, hitting its high speed between the towns of Dwight and Pontiac.

  • BOSTON-- What promises to be a lengthy vetting process for would-be Massachusetts casino developers has officially begun.

  • The hard-rocking country music star made a whirlwind run around the eastern U.S. on Thursday, announcing shows at Boston's Fenway Park, Chicago's Wrigley Field and on the University of Georgia campus in the space of 12 hours. Aldean will make the first appearance by a country music performer at Fenway Park, home of the Boston Red Sox.

  • NEW YORK-- Earlier this month, NBA rookie Royce White disclosed that he is afraid to fly and said he expects to travel by bus to play in at least some of the basketball games for his team, the Houston Rockets.

  • WASHINGTON-- Mitt Romney's transition team is quietly talking with government officials and Capitol Hill to develop a plan, if he's elected, to prevent massive cuts to the defense budget and extend tax cuts first passed under President George W. Bush. The economic policy planning is a major element of what's dubbed " The Readiness Project" inside the campaign.

  • NEW YORK-- Three small, silver spoons elegantly engraved with the words "Waldorf Astoria" have come full circle: Stolen eight decades ago by an employee of the famed hotel, they passed through two Brooklyn homes and another three in New Jersey.

  • The Watertown, Mass., company said Thursday after markets closed that its net income for the three months that ended Sept. 30 climbed to $6.2 million, or 17 cents per share, from $5.3 million, or 15 cents per share, in last year's quarter.

  • CHICAGO-- In a modest milestone for President Barack Obama's high-speed rail vision, test runs will start zooming along a small section of the Amtrak line between Chicago and St. Louis at 110 mph Friday. Transportation Secretary Ray LaHood and Illinois Gov.

  • LEXINGTON, Mass.-- Cubist Pharmaceuticals Inc. said Thursday that its net income rose 66 percent in the third quarter on greater sales of its antibiotic Cubicin and other products, and lower tax costs. The company said its net income grew to $40.3 million, or 55 cents per share, in the three months through Sept. 30, from $24.2 million, or 33 cents per share, a year ago.

  • BOSTON-- The Appleseed Fund is unusual, and not just because of its strict socially-responsible investing mandate. One reason Morningstar analysts give the fund a bronze-medal rating is its nearly 7 percent average annualized return over five years, a period that includes the 2008 stock market meltdown.

  • ALBANY, N.Y.-- Aspen Dental Management and the private equity firm that controls it illegally operate dental clinics across the country and engage in aggressive, misleading profit-driven practices that cause patients economic harm, claims a federal lawsuit filed Thursday in New York.

  • BOSTON-- Investment manager Eaton Vance Corp. said Thursday that its board of directors approved a 5.3 percent increase to its quarterly dividend. The company will pay 20 cents per share to shareholders on Nov. 14 to shareholders of record as of Oct. 31. Eaton Vance shares rose 5 cents to $29.19 in afternoon trading.

  • NEW YORK-- Total U.S. money market mutual fund assets rose $5.84 billion to $2.568 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds fell $940 million to $886.05 billion, the Washington- based mutual fund trade group said Thursday.