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Top News & Analysis Boston

  • BOSTON, Aug 31- A dual citizen of China and Canada has been arrested and charged with trying to steal trade secrets from a Massachusetts- based manufacturer of robotic surgical products by trespassing at its headquarters. Dong Liu, who authorities say claimed to be a patent lawyer with a Beijing- based law firm when he was questioned about what he was doing at...

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release a second batch of oil from the Strategic Petroleum Reserve totaling 1 million barrels as Tropical Storm Harvey's disruption of the petroleum industry has spiked motor fuel prices. Harvey shut down about a quarter of the country's refining output after it lashed Houston with...

  • Thousands of people have since obtained FAA certificates allowing them to fly drones commercially, and more than 770,000 drones have been registered with the FAA to fly in U.S. airspace. Allstate Corp, the second-largest property insurer in Texas behind State Farm, expects its drone fleet to make at least thousands of flights a week in the damaged areas once its...

  • BOSTON/ CHICAGO, Aug 30- Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft's ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders. Thousands of people have since obtained FAA certificates...

  • The lawsuit by Arizona Attorney General Mark Brnovich in Maricopa County Superior Court in Phoenix comes during a series of federal and state investigations centered on Insys' Subsys opioid drug. The lawsuit, filed in Maricopa County Superior Court in Phoenix, accused Insys of paying doctors sham speaker fees in exchange for writing prescriptions of Subsys...

  • WASHINGTON, Aug 31- The U.S. Department of Energy said on Thursday that it was releasing 500,000 barrels of oil from the nation's emergency crude reserve to a Phillips 66 refinery in Louisiana after Tropical Storm Harvey shut refineries on the U.S. Gulf Coast. Strategic Petroleum Reserve, a series of underground caverns in Louisiana and Texas operated by the...

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has spiked motor fuel prices. Harvey shut down about a quarter of the country's refining output after it lashed Houston with record floods before it...

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has spiked motor fuel prices. The Energy Department "will continue to provide assistance as deemed necessary, and will continue to review incoming...

  • NEW YORK, Aug 31- General Electric Co is making plans to significantly reduce corporate staff in an effort to cut spending and boost profits under its new chief executive, and the company already has halted hiring in certain technology positions, a person familiar with the situation told Reuters. "We have a plan to take out $2 billion in cost by the end of 2018," GE...

  • BOSTON/ NEW YORK, Aug 31- Longtime municipal finance maven Marilyn Cohen unloaded several million dollars worth of Houston- area utility bonds on Tuesday even though she did not see a high risk to the debt- because a few of her clients were getting nervous. The sales were, however, just a small piece of her total Houston holdings, and so far prices in the space have not...

  • FARMERS BRANCH, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the North American Strategy for Competitiveness Organization-- Dallas County Community College District Workforce Forum 1530 GMT. STOCKHOLM- Riksbank executive board meeting- 0700 GMT. WASHINGTON- Board of Governors...

  • FARMERS BRANCH, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the North American Strategy for Competitiveness Organization-- Dallas County Community College District Workforce Forum 1530 GMT. STOCKHOLM- Riksbank executive board meeting- 0700 GMT. WASHINGTON- Board of Governors...

  • NEW YORK, Aug 30- Stocks and the dollar rose on Wednesday after economic data indicated solid momentum, keeping alive the prospect of a U.S. interest rate increase in December. Gasoline futures surged and crude oil was down, as flooding and damage from Tropical Storm Harvey shut nearly a quarter of U.S. refinery capacity, curbing demand for crude while raising the...

  • NEW YORK, Aug 30- U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the United States and North Korea and uncertainty in the aftermath of Hurricane Harvey. GDP confirmed that, "said John Velis, macro strategist at State Street Global Markets in Boston. President Donald Trump...

  • NEW YORK, Aug 30- U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the United States and North Korea and the aftermath of Hurricane Harvey. GDP confirmed that, "said John Velis, macro strategist at State Street Global Markets in Boston. President Donald Trump said he wants to...

  • Harvey has shut 24 percent of U.S. fuel output after refineries in Texas and Louisiana were flooded. The Northeast Gasoline Supply Reserve, set up after Hurricane Sandy caused fuel supply disruptions in 2012, holds 1 million barrels of motor fuel at three sites in New York Harbor, the Boston area, and Maine. The SPR is a series of heavily guarded underground salt...

  • Thousands of people have since obtained FAA certificates allowing them to fly drones commercially, and more than 770,000 drones have been registered with the FAA to fly in U.S. airspace. Allstate Corp, the second-largest property insurer in Texas behind State Farm, expects its drone fleet to make at least thousands of flights a week in the damaged areas once its...

  • BOSTON/ CHICAGO, Aug 30- Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft's ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders. Thousands of people have since obtained FAA certificates...

  • FARMERS BRANCH, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the North American Strategy for Competitiveness Organization-- Dallas County Community College District Workforce Forum 1530 GMT. STOCKHOLM- Riksbank executive board meeting- 0700 GMT. WASHINGTON- Board of Governors...

  • FARMERS BRANCH, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the North American Strategy for Competitiveness Organization-- Dallas County Community College District Workforce Forum 1530 GMT. STOCKHOLM- Riksbank executive board meeting- 0700 GMT. WASHINGTON- Board of Governors...