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Business

Hanover’s 3 Guys Basement Barbecue Closes

Friday, August 22, 2014

Hanover — 3 Guys Basement Barbecue had its last day this past Sunday, as its owner, Nigel Leeming, has shuttered the restaurant, which despite good reviews hadn’t been making enough money over the summer. “It wasn’t performing the way I wanted it to, financially, and I didn’t want to put more money in to get it to where it needed to be,” Leeming, who also owns the neighboring Murphy’s on …

Inflation Rears Head At Fed

Thursday, August 21, 2014

Washington — Federal Reserve officials at their last policy meeting debated an earlier-than-expected move in raising interest rates, suggesting the central bank may be shifting to a more aggressive stance in light of the recent pick-up in job growth and inflation. Although Fed officials remain divided in their assessment of the labor market, the minutes from the last policy meeting, released Wednesday, reflected …

Greener Pastures Signal Rebound for Beef Industry

Wednesday, August 20, 2014

Chicago — Pasture conditions in the U.S., the world’s largest beef producer, are mostly recovered from a 2012 drought that forced ranchers to shrink the domestic herd to a 63-year low. While it takes years to reverse a decline in animal supply, record-high beef prices and the increasing availability of cheap feed are providing incentives for some producers to begin expanding. A production …

Building a Business on Their Own

Sunday, August 17, 2014

New York — When Matt Cottle asked his boss to let him work in the supermarket’s bakery, she told him he’d never do anything more than collect grocery carts. After six years of bagging groceries and pushing carts, …

At $850 Million, BuzzFeed Value Tops Big Papers’

Sunday, August 17, 2014

BuzzFeed raised $50 million on a bet its mix of everything from animal lists to serious news is more valuable than the coverage produced by established media like the Washington Post and Los Angeles Times. The investment from venture-capital firm Andreessen Horowitz propelled BuzzFeed’s valuation beyond those traditional …

Canadian Economy on Rise

Sunday, August 17, 2014

Toronto — Canadian companies are posting their best profit in three years, fueling hopes that business spending will soon jolt economic growth. Earnings among the 84 percent of companies in the Standard & Poor’s/TSX Composite Index that reported as of 4 p.m. Wednesday reached a total C$216.01 per …

Penney Faces Big Credit Hurdles

Sunday, August 17, 2014

Analysts are weighing in on J.C. Penney’s improved second quarter results, and while liquidity concerns through 2015 have subsided and the company has achieved stability, concerns have shifted to the next phase for Penney. Standard & Poor’s analyst Tobias Crabtree said last week that performance trends are positive, …

Harley-Davidson’s New Road Glide Adds Technology

Sunday, August 17, 2014

It’s been a month since Harley-Davidson delivered a one-two punch of innovative new product. After bringing its Street beginner bikes to market, it followed up with the sacrilegious all-electric LiveWire that continues to send ripples through the industry. …

Energy Stocks Rally As Oil Prices Climb

Sunday, August 17, 2014

New York — U.S. stocks on Friday erased losses as increasing violence in Ukraine sent oil prices to the biggest increase in a month and spurred a rally in energy producers. Anadarko Petroleum, Cimarex Energy and Kinder Morgan led a measure of oil and natural gas producers in …

NRC Watching Mass. Plant

Sunday, August 17, 2014

Plymouth, Mass. — An electronic indicator that would help regulate the flow of coolant into the Pilgrim nuclear reactor during a severe accident was found to be on the fritz during testing Tuesday, a situation that had operators scrambling to fix the problem. Plant watchdogs responded by citing …

More Ride Ferry to Canada

Sunday, August 17, 2014

Portland — The number of passengers sailing on the Nova Star cruise ferry between Portland and Yarmouth, Nova Scotia, nearly doubled in July from the previous month, but the passenger count was lower than many had hoped it would be at the height of the summer tourist season. …

Beware of Borrowing From Your 401(k)

Sunday, August 17, 2014

Question: My wife stopped working and started staying home when we had our little ones. Now we have a lot of credit card debt we’d like to get rid of. Assuming I have a solid 401(k) balance for my age, is it wise to take a loan from …

Women Outperform Men on Kickstarter

Sunday, August 17, 2014

Women still face disparities in the workplace — female workers on average are paid 77 cents for every dollar male workers make and only 4.2 percent of chief executives at Fortune 500 companies are women. But a recent study shows women outperform men in raising money online via …