Business

Rising Rents Drive More Millennials Toward Homeownership

Thursday, March 26, 2015

Boston — Americans in their 20s and early 30s are getting a nudge toward homeownership a decade after sales peaked during the housing bubble. It’s not their nagging parents. It’s rents, which have risen so much that buying is making more sense. “I pay $1,410 in rent for my one-bedroom apartment in downtown Denver,” said Eric Arther, 28, who has saved about $30,000 for a down payment. “If I pay …

Pilot Was Locked Out of Cockpit

Thursday, March 26, 2015

Seyne-Les-Alpes, France — The first half of Germanwings Flight 9525 was chilling in its normalcy. It took off from Barcelona en route to Duesseldorf, climbing up over the Mediterranean and turning over France. The last communication was a routine request to continue on its route. Minutes later, at 10:30 a.m. Tuesday, the Airbus …

Nursing Home Bills Squeeze Insurers

Wednesday, March 25, 2015

New York — Thirty years ago, insurance companies had the answer to the soaring cost of caring for the elderly: Plan ahead and buy a policy that will cover your expenses. Now, there’s a new problem: Even insurers think it’s unaffordable. Life insurance firms pitched long-term care policies as the prudent way for …

Dartmouth Coach Buys Parcel

Friday, March 20, 2015

Lebanon — Dartmouth Coach is planning to make a big move a short distance down the Route 120 corridor. Concord Coach Lines, the parent company of the bus service linking the Upper Valley to New York City and …

Target Eyes $10 Million Settlement

Friday, March 20, 2015

Target has proposed to pay $10 million to settle a class-action lawsuit over its massive 2013 data breach, according to court documents filed in the U.S. District Court in Minnesota on Wednesday. The settlement, if approved by a judge, would allow individual shoppers to receive up to $10,000 …

‘Skinny’ Packages Threaten Cable Giants

Thursday, March 19, 2015

New York — After years of complaining about having to pay for obscure TV channels they never watch, American consumers might finally be getting their way. The industry buzzword is “skinny bundles,” or Web services from providers such as Dish Network and Apple that offer just a few …

Fed Signals Willingness To Raise Rate

Thursday, March 19, 2015

Washington — The Federal Reserve cautiously cleared the way Wednesday for a midyear increase of its benchmark interest rate, the first such hike in more than six years. At the close of a two-day meeting, the rate-setting Federal Open Market Committee issued a statement removing prior guidance that …

Cereal Slump Continues as Americans Rush Out the Door

Thursday, March 19, 2015

It’s a tough time to be in the cereal business. General Mills, the biggest seller of cereal in the United States, announced another disappointing quarter Wednesday morning, marking the sixth straight time the company has reported lower sales. Breakfast cereal just isn’t the morning mainstay it once was, …

Social Security Q&A: What If I Go Back to Work?

Sunday, March 15, 2015

Question: A few months after I started receiving my Social Security retirement benefit, my former employer offered to take me back. It’s a great offer. Can I withdraw my retirement claim and reapply later to increase my benefit amount? Answer: Social Security understands that unexpected changes may occur …

Choosing a Financial Adviser Who’s Right for You

Sunday, March 15, 2015

Some financial advisers are riddled with conflicts of interest, making extra cash for themselves when they put your money in bad investments. Hidden fees and sales commissions can secretly gobble up thousands of your hard-earned dollars. That said, advisers deserve to make a living, too, and hiring a …

At the Hospitals: March 15, 2015

Sunday, March 15, 2015

Health, Driving Classes Offered at APD Lebanon — Several driving courses and health classes will take place in the coming months at Alice Peck Day Memorial Hospital. They meet in the Dwinell Room at Harvest Hill. AARP Smart Driving …

Canadian Rail Tankers Face Tougher Safety Requirements

Sunday, March 15, 2015

Ottawa — Canada is strengthening proposed new safety standards for rail cars that transport crude oil as the governing Conservatives move forward with measures after a 2013 derailment killed 47 people. Transport Minister Lisa Raitt released new proposals last week that go beyond earlier announcements by requiring rail …

Consumer Confidential: StubHub Has a Confused Response to Its Confusing Web Page

Sunday, March 15, 2015

When businesses screw up, they too often duck responsibility and tell customers to pound sand. Think of United Airlines recently saying it wouldn’t honor thousands of trans-Atlantic tickets mistakenly sold for as little as $75. When consumers mess up, however, many businesses don’t hesitate to say that customers …