Top News & Analysis Massachusetts

  • LOS ANGELES, Oct 20,- Five years after Angelina Jolie's "Maleficent" cast a spell over the box office, the villainous enchantress has returned to the top of domestic charts. Despite opening below projections heading into the weekend, "Maleficent: Mistress of Evil" easily towered over competition including holdover from Warner Bros.' "Joker" and newcomer Sony's "...

  • BOSTON, Oct 18- Fallout from Kenneth Fisher's alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in the last week. Iowa joins pension funds run for Boston, the state of Michigan and Philadelphia in cutting ties with Fisher.

  • NEW YORK, Oct 18- Former Vice President Joe Biden expanded his lead over more than a dozen other candidates for the Democratic presidential nomination this month as Congress looked into allegations that U.S. Senator Bernie Sanders of Vermont and 15% said they would back U.S. Senator Kamala Harris and former Texas congressman Beto O'Rourke both received 3%.

  • Federal prosecutors in Boston allege that Hercules Capital founder Manuel Henriquez and Michelle Janavs participated in schemes that involved bribery and college entrance exam cheating to help their children gain admission to top schools. They are among 52 people charged with participating in a vast scheme in which wealthy parents conspired with a...

  • NEW YORK, Oct 18- Sanofi SA said on Friday it would recall popular heartburn medicine Zantac in the United States and Canada, after the medicines were linked with a probable cancer-causing impurity. Sanofi has sold over-the-counter Zantac in the U.S. and Canada since 2017. Canada has requested drugmakers halt distribution of the drug while it gathers more...

  • BOSTON/ WASHINGTON, Oct 18- In their last public comments before the Federal Reserve's next interest-rate decision, U.S. central bankers on Friday left the door open to a further reduction in borrowing costs as they continue to assess how household spending, the main driver of U.S. economic growth, is holding up. Since that meeting, jobs growth has slowed and retail...

  • BOSTON/ WASHINGTON, Oct 18- U.S. "The Committee will proceed on a meeting-by-meeting basis to assess the economic outlook as well as the risks to the outlook, and it will act as appropriate to sustain growth, a strong labor market, and a return of inflation to our symmetric 2 percent objective," Fed Vice Chair Richard Clarida said in prepared remarks at an event in...

  • NEW YORK, Oct 18- Sanofi SA said on Friday it would recall popular heartburn medicine Zantac in the United States and Canada, after the medicines were linked with a probable cancer-causing impurity. Canada has requested drugmakers halt distribution of the drug while it gathers more information. Sanofi has sold over-the-counter Zantac in the U.S. and Canada...

  • BOSTON, Oct 18- A former chief executive of specialty finance lender Hercules Capital Inc has agreed to plead guilty to participating in what authorities say is the largest college admissions scam uncovered in the United States, prosecutors said on Friday. Federal prosecutors in Boston say Manuel Henriquez engaged in a college entrance exam cheating scheme...

  • NEW YORK, Oct 18- Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in next week from many of the sector's biggest corporations. The overall sector's earnings performance is being dragged down by semiconductors, which are expected to post a nearly 27% plunge...

  • BOSTON, Oct 17- Douglas Hodge, the former chief executive of the investment firm Pimco, has agreed to plead guilty to participating in what prosecutors say is the largest college admissions scam uncovered in the United States, according to a court filing on Thursday. Hodge is scheduled to appear in federal court in Boston on Monday to enter the plea after being...

  • *Norwegian Air shares jump as much as 10%. OSLO, Oct 17- Norwegian Air and New York's JetBlue Airways plan a partnership enabling passengers flying between Europe and the United States to continue to multiple destinations under a single booking, potentially boosting traffic and average fares. The partnership with JetBlue will connect JetBlue flights from...

  • *Norwegian Air shares jump as much as 10%. OSLO, Oct 17- Passengers with Norwegian Air and New York's JetBlue Airways will be able to fly between Europe and the United States and make connecting flights on a single booking, under a planned partnership. Shares in Norwegian Air, which is cutting costs to try and return to profit, surged 10% on the news before giving up...

  • WASHINGTON, Oct 16- U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily China- based, over an international market manipulation scheme that has reaped more than $31 million in illicit profits over several years. In one instance, traders named Xiaosong Wang and Shun Sui allegedly earned about $6,233 in illegal...

  • BOSTON, Oct 16- The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week. The retirement board's vote came as Boston Mayor Marty Walsh said Fisher's statements showed "a...

  • BOSTON, Oct 16- The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week. The retirement board's vote came as Boston Mayor Marty Walsh said Fisher's statements showed "a...

  • BOSTON, Oct 16- Boston Mayor Marty Walsh on Wednesday said he has asked the city's retirement board to end its relationship with money manager Kenneth Fisher, who is under fire for comments he made at a recent investment conference. "Boston will not invest in companies led by people who treat women like commodities. Reports of Ken Fisher's comments and poor...

  • Oct 15- Nevada gaming regulators are seeking a ban on former Wynn Resorts Ltd chief Steve Wynn from the state's casino industry, citing allegations of sexual misconduct that emerged a year ago, a regulatory filling showed. The Nevada Gaming Control Board lodged a complaint on Monday with the state's Gaming Commission, saying Wynn was "unsuitable to be...

  • BOSTON, Oct 15- Fidelity Investments criticized money manager Kenneth Fisher on Tuesday over what it called inappropriate remarks he made at an investment conference last week, saying it was reviewing the $500 million Fisher's firm manages for the mutual fund giant. "We are very concerned about the highly inappropriate comments by Kenneth Fisher.

  • WASHINGTON, Oct 15- U.S. Supreme Court justices on Tuesday signaled reluctance to overturn appointments to Puerto Rico's federally created financial oversight board in a dispute that could disrupt the panel's restructuring of about $120 billion of the bankrupt U.S. territory's debt. The legal challenge to the board's composition was brought in 2017 by...