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Business

Airbag Defects Affect 30 Million Vehicles

Saturday, October 25, 2014

Washington — More than 30 million cars and trucks nationwide are equipped with dangerously defective airbags, congressional officials say, a number that raises questions about whether the U.S. auto industry can handle what could become the largest recall in history. Federal safety authorities have recalled 7.8 million vehicles over the defect in a few states, a limited action that lawmakers said Thursday was insufficient to address what they deemed “a …

Cost of Cocoa No Concern in U.S.

Friday, October 24, 2014

New York — Jacques Torres is betting Americans simply can’t kick their chocolate habit, even after the price of cocoa surged to the highest in three years. Torres, a former pastry chef at New York’s swanky Le Cirque restaurant who dubbed himself Mr. Chocolate, spent more than $3 million on a Brooklyn confection-making …

Small Increase for Social Security

Thursday, October 23, 2014

Washington — Come January, nearly 60 million Social Security recipients will get benefit increases averaging $20 a month, the third straight year of historically small pay hikes. The 1.7 percent cost-of-living adjustment, or COLA, will also boost government benefits for millions of disabled veterans, federal retirees and people drawing disability payments for the poor. Year after year of tiny increases are weighing on …

Consumer Confidential: Phone Carriers Have Big Incentive to Allow Cramming

Sunday, October 19, 2014

AT&T agreed last week to shell out $105 million in penalties and refunds for what regulators said were “hundreds of millions of dollars” in unauthorized charges billed to wireless customers, a practice known as “cramming.” But what makes this settlement — the largest ever for bogus phone charges …

At the Hospitals: Oct. 19, 2014

Sunday, October 19, 2014

Events at VA Medical Center Will Support Homeless Veterans White River Junction — A free event to support homeless Vermont veterans is set for Tuesday, from 9 a.m.-3 p.m. at the Veterans Affairs Medical Center in White River …

Money Talk: Returning Car Doesn’t Wipe Out Debt

Sunday, October 19, 2014

Question: My husband returned a car to the dealer when he lost his job. Now the company says he owes it more than $7,000 (the difference between what he owed to the dealer and the price for which the car was sold). He refuses to pay any amount, …

People in Business: Oct. 19, 2014

Sunday, October 19, 2014

Daniel Stannard, of Hanover, has joined Woodsville Guaranty Savings Bank as vice president and senior loan officer. Stannard will oversee the bank’s consumer, residential and commercial loan portfolios, and work from the bank’s Central Street office in Woodsville. …

Stocks End Week On Upbeat Note

Sunday, October 19, 2014

New York — U.S. stocks rallied Friday, trimming last week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus. Schlumberger, the largest oilfield-services provider, jumped 3.7 percent after reporting earnings and saying falling crude prices …

Whole Foods Begins Produce Rating Plan

Sunday, October 19, 2014

New York — Whole Foods plans to start rolling out a system that ranks fruits and vegetables as “good,” “better” or “best” based on the supplier’s farming practices. Most notably, the supermarket chain says its “responsibly grown” labeling …

Food Crisis Latest Ebola Warning

Sunday, October 19, 2014

Des Moines, Iowa — Financial aid and global coordination are needed to prevent the Ebola health care crisis from becoming a food emergency, agriculture ministers from West African nations at the center of the Ebola outbreak said Wednesday. …

CBS Launches Online Streaming

Friday, October 17, 2014

CBS on Thursday launched an online streaming service that allows consumers to view current and previous seasons of its shows without a cable or satellite subscription, adding momentum to a radical shift in the television industry toward a la carte digital entertainment. CBS’s move follows HBO’s announcement this …

Stock Markets Fall As Anxiety Abounds

Thursday, October 16, 2014

First it was fresh concerns about the fragile eurozone recovery. Then there was the sudden steep fall in oil prices. Now investors are worrying whether the American economy can pull up a slumping global economy. And overlaying all …

HBO Plans To Decouple From Cable

Thursday, October 16, 2014

New York — Next year HBO is cutting the cord and selling its popular streaming video service HBO Go as a stand-alone product, as more Americans choose to watch the Web, not the TV. Viewers longing to see …