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Business

Vt. Forced To Cut Spending

Friday, July 25, 2014

Montpelier — Recovery from the Great Recession almost seven years ago is still slogging through Vermont, with lower-than-expected state revenues forecast Thursday that prompted Gov. Peter Shumlin to call for budget cuts. “This really is no different than when a family thinks they have a raise coming, they get a raise, but the raise is a little smaller than they had projected,” the governor told reporters as he prepared for …

Ex-Market Basket Boss Wants to Buy

Friday, July 25, 2014

Tewksbury, Mass. — The former chief executive of the Market Basket supermarket chain whose ouster has led to employee protests, customer boycotts and empty shelves wants to buy the entire company. Arthur T. Demoulas said in a statement Wednesday that he and his side of the family want to buy the 50.5 percent of the company now controlled by relatives who backed his …

Co-op Board Hears Concerns at Long Meeting

Thursday, July 24, 2014

Hanover — About 300 members of the Hanover Consumer Cooperative Society packed the Hanover High School auditorium Wednesday, with many demanding that two fired employees be reinstated and denouncing the way Co-op Food Stores management handled the terminations. Others, including several Co-op employees, voiced their support for management during the 90-minute session set aside for member comments prior to the Co-op governing board’s …

Time Helps Millennials Be Savvy Financially

Sunday, July 20, 2014

Washington — We all know them. The planners who know more about investing and interest rates than you ever will. People who buy insurance for everything and are always thinking about the future. Well, they may not be as smart with their money as you think. In fact, …

Marijuana Edibles Are Becoming an Industry

Sunday, July 20, 2014

Montpelier — Move over, pot brownies. The proliferation of marijuana edibles for both medical and recreational purposes is giving rise to a cottage industry of baked goods, candies, infused oils, cookbooks and classes that promises a slow burn …

Consumers In U.S. Are Less Upbeat

Sunday, July 20, 2014

Washington — Consumer confidence unexpectedly declined in July to a four-month low as Americans grew increasingly frustrated with the slow pace of wage gains. The Thomson Reuters/University of Michigan preliminary index of sentiment dropped to 81.3 this month from 82.5 in June, according to data issued on Friday. …

Lindt Adds To Nestle’s U.S. Chocolate Woes

Sunday, July 20, 2014

Zurich — Nestle typically seeks to be first or second in all its businesses, yet isn’t even close in the U.S. chocolate candy market, where the Swiss company is dwarfed by Mars and Hershey. When No. 3 Lindt & Spruengli completes its planned purchase of Russell Stover Candies, …

Reconnecting With AT&T Has Hang-Ups

Sunday, July 20, 2014

Breaking up isn’t hard to do, an AT&T wireless customer learned. It’s getting back together that’s the trick. And when you know you’re right and the company’s wrong, it doesn’t hurt to stick to your guns. Kate Anger, 49, has been an AT&T wireless customer for more than …

U.S. Stocks Rebound To End Week Higher

Sunday, July 20, 2014

Investors jumped on a wave of strong corporate financial results Friday, propelling stocks higher for the third time in five days. The gains wiped out much of the market’s losses from the day before, when the downing of …

Aronia Berry Gains Market Foothold

Sunday, July 20, 2014

Missouri Valley, Iowa — A new fruit that research says packs more antioxidants than popular “superfoods” like blueberries, acai berries and goji berries is establishing itself in the aisles of mainstream grocery stores, showing up in everything from …

Amazon Is Starting $9.99-a-Month Service For Unlimited E-Books

Sunday, July 20, 2014

Amazon.com introduced a $9.99-a-month service for unlimited Kindle e-book downloads, letting customers devour books like they binge on TV services like Netflix and Amazon Prime. Kindle Unlimited includes more than 600,000 Kindle books and thousands of audiobooks from Audible, Amazon said Friday in a statement. Readers can access …

Google Mulls NYC Pay Phones For Wi-Fi Spots

Sunday, July 20, 2014

New York —Google is among several technology companies considering a plan that uses pay-phone locations to give New Yorkers free wireless Internet access. The Mountain View, Calif.-based company was among more than 50 attendees at an informational meeting in May for the project, according to a city document. …

Working Part Time Is Not A Disaster for Recovery

Sunday, July 20, 2014

Washington — By many indicators, the recent job market is clearly improving. It still has a long way to go, but the pace of employment growth is up and unemployment has fallen sharply in recent months. Importantly, the recent decline in the jobless rate has been for the …