BOSTON (Reuters) – Recent U.S. economic data has been “pretty disappointing,” with the economy probably growing at a 2 percent rate and the labor market stalled for now, the Federal Reserve’s number two policy-maker said on Wednesday.
Fed Vice Chairman Janet Yellen hinted that the central bank would be prepared to act if it suspects that growth will remain tepid for too long.
BOSTON (Reuters) – A fire that caused an estimated $400 million in damage to a U.S. Navy nuclear-powered submarine docked in Maine may have been caused by a vacuum cleaner, authorities said on Wednesday.
The fire in the forward compartment – which includes crew living, command and control spaces and the torpedo room – of the USS Miami on May 23 took about 12 hours to extinguish and injured seven firefighters.
BOSTON (Reuters) – Herb Reed, the last of the founding members of 1950s R&B crooners The Platters, known for hits such as “Smoke Gets in Your Eyes” and “The Great Pretender,” has died in Boston age 83.
Reed’s publicists said the singer, who in recent years lived in Arlington, Massachusetts, died on Monday after a period of declining health.
BOSTON (Reuters) – Miami guard Dwyane Wade missed a three-point shot at the buzzer in overtime, allowing the Boston Celtics to see off the Heat 93-91 on Sunday and level the best-of-seven Eastern Conference Finals series at 2-2.
Boston lead by as many as 18 points in the first half but Miami almost clawed their way to an unlikely win on shot-making by LeBron James and smothering defense lead by Wade that took the Celtics out of their rhythm.
BOSTON (Reuters) – Democratic Senate candidate Elizabeth Warren took the offensive against Republican Senator Scott Brown on Saturday, attempting to put questions about her ethnic heritage in the rear-view mirror with a fiery speech at a state convention.
Warren’s attack came as two opinion polls showed the rivals locked in a tight race for Brown’s Senate seat for Massachusetts, one of the most closely watched Congressional contests in the November election, in which the Democrats are seeking to protect a slim Senate majority.
BOSTON (Reuters) – The Boston Celtics ramped up on defense to re-energies their playoff ambitions with a 101-91 victory over the Miami Heat on Friday, their first win in the NBA Eastern Conference finals series.
A win at home was critical for Boston, especially after losing in overtime to Miami on Wednesday. The Celtics still trail 2-1 in the best-of-seven series but could now tie it up in Boston on Sunday.
BOSTON (Reuters) – U.S. Senate candidate Elizabeth Warren has acknowledged for the first time she told two prestigious law schools she had a Native American heritage but disputed suggestions that she used her ethnicity to help gain employment at the universities.
The Democrat later lashed out at Republican Scott Brown, who she is expected to face in the tight race for the U.S. Senate seat for Massachusetts in November, for impugning her parents’ truthfulness on the topic of her lineage.
BOSTON/FREMONT, California, May 31 (Reuters) – The campaigns
of President Barack Obama and Republican Mitt Romney took their
political gamesmanship up a notch on Thursday, with dueling
events that featured raucous heckling, a secret trip for
reporters and symbolic backdrops that reflected the increasing
intensity of the tight race for the White House.
Obama’s chief strategist David Axelrod invaded Romney’s home
turf, blasting the Republican’s record as Massachusetts governor
at an appearance in Boston where Axelrod frequently was
interrupted by an organized crowd of heckling Romney supporters.
BOSTON, May 31 (Reuters) – President Barack Obama’s campaign
attacked Republican rival Mitt Romney on Thursday for failing to
create jobs as Massachusetts governor, calling it more evidence
of a flawed economic approach that would be disastrous in the
After weeks of criticizing Romney for plundering companies
and slashing jobs while leading a private equity firm, Obama’s
campaign shifted its attacks to Romney’s work in Massachusetts
and said his experience did not qualify him to lead.
, May 30 (Reuters) -
U nderscoring the divide at the U.S. Federal Reserve over its
next move, Boston Fed President Eric Rosengren on Wednesday
called further policy easing to bring down high unemployment
even as two other top Fed officials said no further action was
“I believe further monetary policy accommodation is both
appropriate and necessary,” Rosengren told the Worcester
Regional Research Bureau’s annual meeting.