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Business

Less In Hoc For College

Friday, August 1, 2014

Americans are borrowing less for college, and instead relying more on savings and income, a study from a student lender found. In the 2013-2014 school year, the typical family paid 22 percent of the total college cost through borrowing, according to Sallie Mae’s annual How America Pays for College study. That’s down from 27 percent in the previous two years. Meanwhile, the share of college costs paid through savings and …

Train Station In Claremont Due for Update

Thursday, July 31, 2014

Claremont — Train travelers planning a stop in Claremont won’t find much to do there if they rely on Amtrak’s website. The site provides a few options for lodging and several restaurants but just two places to “see”: Maple Lanes Bowling and the Holy Resurrection Orthodox Church. Moreover, the website notes that the …

U.S. Economy Rebounds From Winter

Thursday, July 31, 2014

Washington — After suffering the sharpest contraction since the recession ended, the U.S. economy rebounded this spring, providing fresh evidence that the recovery is finally turning a corner. Government data released Wednesday shows the economy expanded at an annual rate of 4 percent during the second quarter. Consumers pulled out their wallets, businesses …

GM Sets Aside Millions For Recall Victims

Sunday, July 27, 2014

Detroit — General Motors, posting a second-quarter profit that missed analyst estimates, said it will spend at least $400 million to pay victims of the 2.59 million compact cars with a potentially faulty ignition switch linked to at …

Money-Market Funds Must Allow Share Value to Float

Sunday, July 27, 2014

Washington — The riskiest money-market mutual funds will be required to abandon their stable, $1-share value and allow their prices to float under rules adopted by the Securities and Exchange Commission. The rules, approved Wednesday on a 3-2 vote, conclude a four-year struggle to toughen regulations after a …

Sluggish, but Sturdy: Slow Recovery May Leave U.S. Economy Stronger

Sunday, July 27, 2014

Washington — Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged. That conclusion, one held by a growing number of economists, might surprise many people. After all, …

Wal-Mart’s New Chief Faces Bare Shelves

Sunday, July 27, 2014

New York — Empty shelves, grumpy customers, long lines at the register: These are just some of the challenges facing Wal-Mart Stores Inc.’s new U.S. chief. Greg Foran, who takes charge Aug. 9, inherits a chain wedded to an outdated big-box model, struggling to increase sales in its …

U.S. Stocks Decline As Amazon, Visa Stall

Sunday, July 27, 2014

New York — U.S. stocks fell Friday, pulling the Standard & Poor’s 500 index down from a record, as earnings at Amazon.com and Visa missed estimates and durable goods data fueled concern corporate investment remains stop-and-go. Amazon plunged 9.7 percent after trailing analysts’ predictions for the second successive …

Higher Wages Signaled By Employees Quitting

Sunday, July 27, 2014

New York — If someone at your workplace recently quit, you may be poised for a raise. With more Americans voluntarily leaving their jobs and confidence about business conditions improving, wages could increase amid this labor-market turnover. More than 2.5 million U.S. workers resigned in May, a 15 …

Varying Health Premium Subsidies Have Consumers Worried

Sunday, July 27, 2014

Miami — Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said …

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 …

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 …

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 …