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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 …

Market Basket deliveries missed at Concord locations

Saturday, July 19, 2014

At least five managers from the Market Basket on Storrs Street in Concord attended a rally at the company’s headquarters in Massachusetts yesterday to show support for ousted CEO Arthur T. Demoulas and rebellion against his replacements. The …

White House OKs Offshore Exploration

Saturday, July 19, 2014

St. Augustine Beach, Fla. — The Obama administration is reopening the Eastern Seaboard to offshore oil and gas exploration, approving seismic surveys using sonic cannons that can pinpoint energy deposits deep beneath the ocean floor. Friday’s announcement is …

Study: Americans Holding More Cash

Saturday, July 19, 2014

Americans are holding more cash in their bank accounts than they have at any other point during the past two decades, a new study found. The average checking account balance reached $4,436 at the end of 2013, nearly double the average balance of $2,100 during the past 25 …

Microsoft To Ax 18,000 Positions

Friday, July 18, 2014

Los Angeles — Attempting to fend off a culture that dwelled too long on tradition and replace it with one far more aggressive, Microsoft Corp.’s chief executive announced sweeping layoffs on Thursday that will affect workers worldwide. Anlaysts …

Pregnant Workers Get Protections

Wednesday, July 16, 2014

Washington — Pregnant women have new protections against on-the-job discrimination. The government has updated 30-year-old guidelines, citing “the persistence of overt pregnancy discrimination, as well as the emergence of more subtle discriminatory practices.” The new guidelines from the Equal Employment Opportunity Commission make clear that any form of …

Cigarette Giants Link-Up in Deal

Wednesday, July 16, 2014

Winston-Salem, n.c. — Cigarette giant Reynolds American Inc. agreed to purchase rival Lorillard Inc. for $27.4 billion, gaining additional market share as Americans smoke less. The deal, announced Tuesday, combines the second- and third-largest American tobacco companies, creating a cigarette behemoth with a projected $11 billion-plus in annual …

Dairy Cooperative Settles Antitrust Suit

Tuesday, July 15, 2014

Montpelier — The cooperative Dairy Farmers of America has agreed to pay a total of $50 million to thousands of Northeast dairy farmers to settle antitrust allegations from a 2009 class-action lawsuit. The lawsuit charged the cooperative, its marketing arm, Dairy Marketing Services, and Dallas-based Dean Foods with …

Business Notes: July 13, 2014

Sunday, July 13, 2014

Bethel — Spaulding Press, of Bethel, has merged with Jet Service Envelope and Accura Printing, of Barre, Vt. The merger was announced last week by both companies in a news release that noted the consolidation will ensure the future of printing and copying services in Bethel and the …

Social Security Q&A: How Does Social Security Decide If I am Disabled?

Sunday, July 13, 2014

Question: How does Social Security decide if I am disabled? Answer: For an adult to be considered disabled, Social Security must determine that you are unable to do the work you did before and that, based on your age, education and work experience, you are unable to adjust …

Money Talk: Consider Other Options Before Filing for Bankruptcy

Sunday, July 13, 2014

Question : I’m a 33-year-old mother who lost my full-time job during the recession in 2009. I may have my “stuff” together again, but am considering filing bankruptcy. Each month I’m spending almost half (yes half!) of my income on debt payments to credit cards, loans and medical …