Top News & Analysis Boston

  • PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for April- 1230 GMT. LONDON- British Finance Minister Philip Hammond speaks to lawmakers on parliament's Treasury Committee about the Spring Statement budget update he announced in March- 1315 GMT. STOCKHOLM Riksbank to hold monetary...

  • April 17- The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unravelling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday. But in a letter to Secretary of State Mike Pompeo and Secretary of Transportation Elaine Chao, JetBlue...

  • April 17- The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unraveling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday. But in a letter to Secretary of State Mike Pompeo and Secretary of Transportation Elaine Chao, JetBlue...

  • April 12- General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. probe into defective subprime mortgages from its former WMC Mortgage unit prior to the 2008 global financial crisis. The U.S. Department of Justice on Friday said the accord resolves claims that GE concealed the poor quality of the loans and WMC's lax fraud controls...

  • BOSTON/ HOUSTON, April 11- Chevron Corp will put a focus on human rights in Myanmar under an agreement with an investor group that had urged it to pay more attention to violence in the Asian nation where the U.S. oil company has operations. Joshua Brockwell, investment communications director at Virginia- based Azzad, which describes itself as "a faith-based...

  • April 10- JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday. New York- based JetBlue, which unveiled the long-awaited launch at an employee event at John F. Kennedy International Airport,...

  • NEW YORK, April 9- Optimism that the United States and China will soon reach a trade deal has helped propel stocks close to new highs, but the decisive factor in whether the bull market runs much further may be this year's corporate earnings. Rising expectations that a U.S.- China trade agreement is imminent have driven much of this year's gain in stocks, a reversal...

  • April 9- The U.S. Justice Department announced on Tuesday the indictment of Indivior Plc and a subsidiary on charges they engaged in an illegal scheme to boost prescriptions of the film version of its opioid addiction treatment Suboxone. An indictment filed in federal court in Abingdon, Virginia, alleged Indivior made billions of dollars by deceiving doctors...

  • NEW YORK, April 9- Optimism that the United States and China will soon reach a trade deal has helped propel stocks close to new highs, but the decisive factor in whether the bull market runs much further may be this year's corporate earnings. Rising expectations that a U.S.- China trade agreement is imminent have driven much of this year's gain in stocks, a reversal...

  • Investors were watching whether British Prime Minister Theresa May could convince the European Union to again postpone her country's exit from the bloc. It's more than green shoots have emerged, "said Paresh Upadhyaya, director of currency strategy at Amundi Pioneer Investment Management in Boston. Encouraging economic data last week from China and the...

  • April 8- Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday. Once a market leader in consumer electronics, Sony is now in the midst of a turnaround effort...

  • April 8- Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp to push for changes, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday. Once a market leader in consumer electronics, Sony is now in the midst of a turnaround effort spearheaded by Kenichiro Yoshida, its chief...

  • MEXICO CITY, April 8- Walmart's Mexico unit has penalized food companies supplying groceries to rival Amazon, pressure that has forced some to pull their products from the world's largest online retailer, four people familiar with the matter said. Two suppliers told Reuters they moved swiftly to pull their brands from Amazon, wary of jeopardizing their...

  • 'Gronk' has sold his Boston condo for $2.3 million after having recently retired from the NFL. Take a look inside.

  • Gordon Caplan, who the New York- based firm placed on leave after federal prosecutors in Boston brought charges against him last month, in a statement said he is taking "full and sole responsibility for my conduct."

  • April 5- Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior. "We have been very encouraged by the initial results of our center redesigns and expansions," Aron Levine, head of Consumer Banking& Investments for Bank of America told Reuters.

  • April 5- Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior. By 2021, Bank of America's branch and ATM network will cover more than 90 percent of the U.S. population, said David Tyrie, head of consumer advanced solutions and digital banking.

  • Decisions including one on Wednesday by officials at the Securities and Exchange Commission followed an unusual appeal by Amazon to block the non-binding proposals from being voted on at the company's upcoming annual meeting. Founder and CEO Jeff Bezos will retain voting rights over about 16 percent of shares after he and MacKenzie Bezos divorce, she said...

  • BOSTON, April 4- The founder of Insys Therapeutics Inc put profits over patient safety by bribing doctors to prescribe an addictive fentanyl spray, fueling the U.S. opioid epidemic, a federal prosecutor said on Thursday at the end of a landmark trial. In 2017, a record 47,600 people died of opioid-related overdoses, according to the U.S. Centers for Disease...

  • BOSTON, April 4- The founder of Insys Therapeutics Inc put profits over patients' safety by bribing doctors to prescribe an addictive fentanyl spray, fueling the U.S. opioid epidemic, a federal prosecutor said Thursday at the end of a landmark trial. Attorney Nathaniel Yeager told jurors in his closing argument in Boston federal court that Kapoor sought to...