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Top News & Analysis Boston

  • Sept 12- The major Wall Street indexes hit record closing highs on Tuesday, with financial stocks leading the charge, but gains were stunted by a decline in Apple Inc shares after it unveiled its latest line of iPhones. The S&P 500, Dow Jones industrials and Nasdaq Composite clocked record closes, with investors drawn to riskier assets as concerns about U.S....

  • *Oil edges higher as OPEC output falls. NEW YORK, Sept 12- Stocks on Wall Street and a gauge of global equity markets set new closing highs on Tuesday after the feared impact of Hurricane Irma waned and the easing of tensions with North Korea boosted risk appetite and drove a sell-off in global bond markets. The S&P 500, Nasdaq and the Dow Jones Industrial Average set...

  • *S&P 500 closes at session high. Sept 12- The S&P 500 hit a record closing high for the second day in a row on Tuesday, with financial stocks leading the charge, but gains were stunted by a decline in Apple Inc shares after it unveiled its latest iPhone. Investors were more comfortable with riskier assets as concerns about U.S. tensions with North Korea eased and the...

  • *S&P 500 hits record intraday high. Sept 12- U.S. stocks were higher on Tuesday, with the S&P 500 hitting a record intraday high as investor concerns about U.S. tensions with North Korea eased and the financial impact from Hurricane Irma appeared less severe than feared. As long as these two issues-- North Korea and the hurricane-- have receded as concerns it gives...

  • Larry Hogan on Tuesday ordered the state's top legal official to sue a federal agency over new airline flight routes that the Republican said have made many Maryland families "miserable in their own homes." A lawsuit against the Federal Aviation Administration's NextGen program should include routes for both Baltimore-Washington International Thurgood...

  • *To shift headquarters to Boston, close some sites. The company named longtime Biogen Inc finance chief Paul Clancy as CFO in June, months after appointing former Baxalta executive Ludwig Hantson as CEO. Alexion's restructuring efforts showed the drugmaker was focused on execution and serious about controlling costs, Cowen& Co analyst Eric Schmidt said.

  • If you've read the latest headlines, you know millennials get a mixed financial rap. In a Fidelity Investments analysis of 59,000 millennials— those born between 1981 and 1997— who have participated in their company's 401 plan for 10 years, the average balance was $109,400 at the end of June 2017. "Saving slowly and methodically while keeping expenses low will...

  • The drugmaker also said it would relocate its headquarters to Boston from New Haven, Connecticut by mid-2018. Alexion named long-time Biogen Inc finance chief Paul Clancy as CFO in June, as newly appointed Alexion CEO Ludwig Hantson stepped up efforts to regain investor confidence. It expects pre-tax expenses of $340 million to $440 million related to the...

  • NEW HAVEN, Conn.— Alexion Pharmaceuticals Inc. is relocating its headquarters from New Haven, Connecticut, to Boston and cutting 20 percent of its global workforce, the company said Tuesday. About 400 jobs will move to Boston by the middle of next year, though the company will maintain a research and development center in New Haven with about 450 employees, it said.

  • Sept 12- U.S. drugmaker Alexion Pharmaceuticals Inc said on Tuesday it would lay off about 20 percent of its global workforce in an effort to cut spending. The company had about 3,100 full-time employees worldwide as of the end of last year. Alexion also said it would relocate its headquarters to Boston from New Haven, Connecticut by mid-2018.

  • PHILADELPHIA— A passenger who survived a deadly Amtrak crash in Philadelphia more than two years ago testified Tuesday that she could feel the train speed up as it approached a curve, then heard a "big bang" as her car hurtled off the tracks and she wound up unconscious in the woods. Blair Berman, who rode in the severely damaged first car of the train, testified at a...

  • BOSTON— With no staff or permanent office space and only a limited budget, the newly appointed board that will regulate marijuana in Massachusetts met publicly for the first time Tuesday, more than 10 months after voters approved the legalization of recreational pot. While it became legal in December for adults to possess up to an ounce of marijuana and grow up...

  • **LONDON- British Finance Minister Philip Hammond speaks at the inaugural annual dinner of UK Finance, formerly known as the British Bankers' Association- 1900 GMT. **LONDON- Swedish Deputy Central Bank Governor Henry Ohlsson gives a speech in order to present the Riksbank's latest monetary policy report.- 1330 GMT. TALLINN- European Central Bank Executive Board...

  • **LONDON- British Finance Minister Philip Hammond speaks at the inaugural annual dinner of UK Finance, formerly known as the British Bankers' Association- 1900 GMT. **LONDON- Swedish Deputy Central Bank Governor Henry Ohlsson gives a speech in order to present the Riksbank's latest monetary policy report.- 1330 GMT. TALLINN- European Central Bank Executive Board...

  • Sept 11- The S&P 500 surged over 1 percent to a record high close on Monday as tropical storm Irma caused less damage than expected in Florida, and after North Korea did not test-fire missiles over the weekend, which some had feared. Irma caused severe flooding in many Florida cities and left more than 6 million homes and businesses without power, but damage...

  • Sept 11- The S&P 500 surged toward a record high on Monday with its strongest one-day performance since April after tropical storm Irma did less damage than expected in Florida, and North Korea did not test missiles over the weekend, which some had feared. Irma caused severe flooding in many Florida cities and left more than 6 million homes and businesses without...

  • *Tesla gains as China studies possible petrol car ban. Sept 11- Three major U.S. indexes rose more than 1 percent on Monday as Irma's downgrade to a tropical storm eased concerns about its impact on economic growth, and as North Korea refrained from any missile tests over the weekend, as feared. Irma, once ranked as one of the most powerful hurricane recorded in the...

  • The SEC filed the lawsuit the same day it announced F-Squared had agreed to pay $35 million and admit wrongdoing to resolve claims it misled investors by falsely advertising the performance of an investment product dubbed "AlphaSector." The SEC alleges that beginning in September 2008, Present began marketing AlphaSector as having a successful record...

  • Sept 11- U.S. stocks rallied broadly on Monday as Irma was downgraded to a tropical storm, easing concerns about its impact on economic growth, and as North Korea refrained from any missile tests over the weekend as feared. Irma, once ranked as one of the most powerful hurricane recorded in the Atlantic, was downgraded to a tropical storm in the morning, but still...

  • *Routes from Duesseldorf to Caribbean to end from Sept 25. BERLIN, Sept 11- Insolvent German airline Air Berlin is scrapping more long-haul flights, this time to the Caribbean from Duesseldorf, because it needs to reduce the fleet due to preliminary insolvency proceedings, it said on Monday. It is also bringing forward the cancellation of other long-haul...