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Business

Springfield Hospital Pleads Case

Wednesday, August 27, 2014

Montpelier — Executives of Springfield Hospital told a hearing of the Green Mountain Care Board on Tuesday that the hospital was on track to post a $1 million operating loss in the fiscal year that ends Sept. 30, then faced skeptical questioning about the hospital’s request for a 5.1 percent revenue increase. “If I give you this money, what does it get me in the next 10 years?” Al Gobeille, …

Burger King Orders Up A Side of Tax Inversion

Wednesday, August 27, 2014

Toronto — Canada has become the latest frontier for U.S. companies fleeing the high cost of business, spurred by low corporate taxes and a policy that keeps international earnings out of the clutches of the Internal Revenue Service. Burger King, the second-largest U.S. burger chain, agreed to acquire Oakville, Ontario-based Tim Hortons on Tuesday for about $11.4 billion in a deal that creates …

Tim Hortons Earns More Than Dunkin’

Wednesday, August 27, 2014

Since the news broke that Burger King Worldwide has agreed to buy Canadian chain Tim Hortons for $11 billion, much of the discussion has centered around what the deal might mean for the corporate tax rate Burger King pays — and rightfully so. As part of the deal, a parent company will be …

McDonald’s Tries to Change Its Food Image

Sunday, August 24, 2014

New York — At a dinner McDonald’s hosted for reporters and bloggers, waiters served cuisine prepared by celebrity chefs using ingredients from the chain’s menu. A Kung Pao chicken appetizer was made with Chicken McNuggets doused in sweet and sour sauce and garnished with parsley. Slow-cooked beef was …

Money Talk: When the In-Laws Can’t Pay Their Mortgage

Sunday, August 24, 2014

Question: My in-laws just informed us that they have gone through their retirement fund and soon won’t be able to pay their mortgage. They borrowed against the house they’ve lived in for 30 years and currently owe $325,000. They are devastated, so I am trying to figure out …

Consumer Confidential: When Is It Worth Paying to Guard Your Professional Reputation Online?

Sunday, August 24, 2014

Ask David Engel how many customers he has for Review Concierge, his service to protect and repair the online reputations of health care professionals, and he’ll proudly say the number is around 300,000. However, that’s “honorary” customers — doctors, dentists and others who have been signed up for …

Consumer News Updates: Internet Tax, FICO Scores

Sunday, August 24, 2014

In the bustle of everyday life, it can be difficult to keep up with all the trends and issues that affect your wallet as a consumer. For example, did you know there’s potential for a new tax on your Internet service and that the formula for calculating credit …

Honda Bolsters Fit to Boost Crash Resistance

Sunday, August 24, 2014

Detroit — When the subcompact Fit failed a crash test, Honda went back to the drawing board. The tiny Fit, redesigned for the 2015 model year, initially flunked the Insurance Institute for Highway Safety’s small overlap test, earning …

S&P 500 Falls From Record High

Sunday, August 24, 2014

New York — The Standard & Poor’s 500 Index fell after reaching an all-time high as investors weighed comments from central bank leaders for clues to monetary policy amid rising geopolitical tension. The S&P 500 fell 0.2 percent to 1,988.40 as of 4 p.m. Friday in New York. …

Wheels: With the E250 BlueTEC, Mercedes-Benz parses wealth and luxury

Sunday, August 24, 2014

The Mercedes-Benz E-Class represents a field of excellent automotive dreams. Thus, the “E” is appropriate. The lineup includes practical luxury, evidenced by the subject of this column, the diesel-fueled 2014 E250 BlueTEC Sport sedan. At the very top …

Nuts & Bolts: Mercedes-Benz E250 BlueTEC

Sunday, August 24, 2014

Bottom line: It is hard to beat if you are shopping for luxury that makes sense. Compare with Audi A6, BMW 5-Series, Cadillac CTS and Lexus GS. Ride, acceleration and handling: Excellent marks in all three. Head-turning quotient: Mercedes-Benz is to be congratulated for a clean, sleek, thoroughly …

U.S. Housing Recovery Appears Back on Track

Sunday, August 24, 2014

Washington — A fourth straight monthly increase in sales of existing homes provided the latest evidence that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise …

Bank of America’s Mortgage Aid Could Leave Homeowners With Tax Bill

Sunday, August 24, 2014

Washington — The $17 billion settlement that Bank of America reached with the Justice Department on Thursday sets aside billions in aid for some troubled homeowners. But those who accept the help could get hit with a hefty tax bill later. As part of the settlement, Bank of …