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Top News & Analysis Massachusetts

  • Aug 15- South Carolina sued Purdue Pharma LP on Tuesday, becoming the latest state or local government to accuse the OxyContin maker of deceptive marketing practices that have contributed to a national opioid addiction epidemic. The lawsuit by South Carolina Attorney General Alan Wilson, filed in Richland County Court of Common Pleas in Columbia, accuses the...

  • Aug 15- TJX Cos Inc, the owner of off-price retail chains T.J. Maxx and Marshalls, reported better-than-expected quarterly profit and sales on Tuesday as its discounts attracted shoppers turning away from department stores and mall-based retailers. TJX sells home furnishings, apparel and accessories of brands such as Tommy Hilfiger and Marc Jacobs at prices...

  • Aug 15- TJX Cos Inc, the owner of off-price retail chains T.J. Maxx and Marshalls, reported a better-than-expected increase in quarterly sales at established stores as discounts attracted more shoppers. Framingham, Massachusetts- based TJX's net income fell to $553 million, or 85 cents per share in the quarter, from $562.2 million, or 84 cents per share, a year...

  • FRAMINGHAM, Mass. _ The TJX Cos. on Tuesday reported fiscal second-quarter earnings of $553 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. Seven analysts surveyed by Zacks expected $8.33 billion.

  • **NEW YORK- The Federal Reserve Bank of New York issues Q2 2017 Household Debt and Credit Report, an updated snapshot of household trends in borrowing and indebtedness, including mortgages, student loans, credit cards and auto loans- 1500 GMT. LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • **NEW YORK- The Federal Reserve Bank of New York issues Q2 2017 Household Debt and Credit Report, an updated snapshot of household trends in borrowing and indebtedness, including mortgages, student loans, credit cards and auto loans- 1500 GMT. LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • KYOTO, Japan, Aug 15- The global push among carmakers to make ever lighter vehicles is leading some auto suppliers in Japan to turn to what seems like an unlikely substitute for steel- wood. Researchers at Kyoto University and major parts suppliers such as Denso Corp, Toyota's biggest supplier, and DaikyoNishikawa Corp, are working with plastics incorporated...

  • BOSTON, Aug 14- Vanguard Group on Monday said it has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for the investment industry. Vanguard manages about $4 trillion and is often the top shareholder in big U.S. corporations through its massive index funds-...

  • BOSTON— The jury in the trial of four Teamsters accused of threatening and harassing the cast and non-union crew of the "Top Chef" TV reality show has told the judge there is one juror who is "assuming guilt over innocence." The Local 25 union members are accused of using strong-arm tactics in an attempt to extort jobs as drivers with union-scale wages.

  • BOSTON, Aug 14- Vanguard Group on Monday said it has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for the investment industry. Vanguard manages about $4 trillion and is often the top shareholder in big U.S. corporations through its massive index funds-...

  • LONDON, Aug 14- The chief executive and founder of Telit has resigned after the London- listed technology company confirmed on Monday he had been indicted for an alleged mortgage fraud in the United States more than 25 years ago. An arrest warrant for Cats was issued under an alternative spelling of his name, Uzi Katz, but he was never detained, according to Boston...

  • Money sandwich

    A look at nine reasons why a Roth individual retirement account is a fantastic investment vehicle for most savers.

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialogue with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. FRIDAY, AUGUST 18 DALLAS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialog with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. FRIDAY, AUGUST 18 DALLAS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • BOSTON— The industry that makes medical devices from artificial hips to miniature pumps for IV drips is looking for a fallback plan to repeal a widely reviled sales tax that almost met its end in GOP health care legislation. "We know it resulted in job loss when it was in effect and we also know it resulted in decreased investment and development," said Patrick Hope,...

  • HELENA, Mont.— Montana's health care co-op, one of America's few remaining alternatives to traditional health insurance, will resume accepting new enrollees Sunday after it voluntarily pulled itself from the state's insurance marketplace in December. Just four remain— in Montana, Wisconsin, Maine and New Mexico. The Montana Health Co-op, which also serves...

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialogue with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. FRIDAY, AUGUST 18 DALLAS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialog with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. FRIDAY, AUGUST 18 DALLAS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • NEW YORK, Aug 11- Bond investors on Friday gave a $1.8 billion boost to Tesla Inc's balance sheet by snapping up the electric car maker's first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns. Tesla sold $1.8 billion of eight-year unsecured bonds at a yield of 5.30 percent, the Palo Alto, California-...

  • NEW YORK, Aug 11- Bond investors on Friday were poised to give a $1.8 billion boost to Tesla Inc's balance sheet by snapping up the electric car maker's first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns. "It's a milestone for a company from a relative unknown to what it is today," said David Knutson,...