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Business

Investigation Uncovers Cyberattacks On Military

Thursday, September 18, 2014

Defense contractors recently suffered a barrage of cyberattacks from the Chinese government, according to a Senate investigation released Wednesday that revealed startling vulnerabilities in how the Pentagon transports troops and equipment. Contractors working for the U.S. Transportation Command were successfully hacked about 50 times over a 12-month span that ended in May 2013. Of those, at least 20 were sophisticated intrusions attributed to China, the investigation found. Despite the seriousness …

Spirit Airlines Paves the Way for Bare-Bones Flying

Thursday, September 18, 2014

Miramar, Fla. — When you purchase a ticket to fly America’s fastest-growing and most-criticized airline, here is what you get: a seat, a mini-tray-table, free use of the bathroom, room for your legs, maybe even some room for your knees. You pay for everything else. A printed boarding pass is $10. Water is $3. The right to bring a carry-on is at least …

Wynn Resorts Wins Casino Bid

Wednesday, September 17, 2014

Boston — Wynn Resorts has won the competition for the lucrative Boston-area casino license, besting rival Mohegan Sun largely on the strength of its $1.6 billion project’s economic development potential. The Massachusetts Gaming Commission voted 3-to-1 Tuesday to award the license to the Las Vegas casino giant, which wants to turn a former chemical plant site on the Mystic River in Everett into …

Top Executives Giving Up on U.S. Workers

Sunday, September 14, 2014

Three years ago, Harvard Business School asked thousands of its graduates, many of whom are leaders of America’s top companies, where their firms had decided to locate jobs in the previous year. The responses led the researchers to declare a “competitiveness problem” at home: HBS Alumni reported 56 …

Benefits, Not Just Paychecks, Have Fallen on Hard Times

Sunday, September 14, 2014

Paychecks have been disappointing investors for years, but that’s not all that’s been putting pressure on household spending. While companies have been stingy with raises since the 2008 recession, they’ve also been whittling away at benefits for the last five years. So in many cases, workers have had …

House Panel Grills New Head of SBA

Sunday, September 14, 2014

Washington — Maria Contreras-Sweet was well received by lawmakers on both sides of the aisle when she was tapped as the new head of the Small Business Administration. That was seven months ago. On Wednesday, her reception on Capitol Hill wasn’t so warm. During her first hearing before …

Mortgage Rates Remain Low on Economy, Unrest

Sunday, September 14, 2014

Throughout the year, mortgage rates have defied expectations. House-hunters who were bracing for rates to increase instead saw them fall and then plateau in recent months, settling in at their lows for the year. The trend continued last week, with the average rate on a 30-year, fixed-rate mortgage …

U.K.-Based Fly-Fishing Company Buys River Road Building in Claremont

Sunday, September 14, 2014

Claremont — Fulling Mill Ltd. has purchased the River Road building it has been leasing from the Claremont Development Authority since 2005 and recently received Planning Board approval for a 1,700-square-foot addition that is expected to be completed before winter. The Claremont facility is a distribution center for …

Wheels: Zero to 60? Impressive. Zero to $160? Inevitable.

Sunday, September 14, 2014

Interstate 95 southbound Maryland Mile 58.6 — Of course I got a speeding ticket. It was preordained the moment the 2015 Chevrolet Camaro SS coupe with the “1LE performance package” arrived at our vacation home in Cornwall, N.Y. …

Nuts and Bolts: 2015 Chevrolet Camaro SS

Sunday, September 14, 2014

Bottom line: The Camaro SS with the “1LE performance package” is more at home on a racetrack than it is on a city street or interstate highway. It is a speeding ticket waiting to happen, no matter how hard you strive to keep it within posted limits. Better …

Assistance for Laid-Off Springfield Workers Is Topic of Meeting

Sunday, September 14, 2014

Springfield, Vt. — Workers hit by layoffs at a Springfield manufacturing company may be eligible for special assistance, according to the U.S. Department of Labor. Affected employees of Precision Contract Manufacturing, including onsite leased workers from Westaff and Tri State Professionals, are invited to an informational meeting Monday …

Fed: America’s Missing Workers Not Coming Back

Sunday, September 14, 2014

Washington — A paper by Federal Reserve staff possibly hints at the central bank’s thinking on interest rates and employment in advance of a consequential Fed meeting this week. The findings support hawks on the Federal Open Market Committee, who feel that the Fed needs to prepare to …

Glory Days Back on Track

Sunday, September 14, 2014

White River Junction — They started coming ’round the mountain on Tuesday. First to arrive was Vermont Rail System’s Locomotive No. 311, painted flaming red with a golden rendition of the railway’s mountain logo shining on its side. …