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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 …

Railroad Jam Slows Shipment Of U.S. Grain

Sunday, August 17, 2014

Chicago — With the start of the spring-wheat harvest in Arnegard, N.D., a week away, the bins on Bob Wisness’s 11,000-acre farm are half full with last year’s crops that have been stranded by a train traffic jam. “With the railroad situation the way it is, it almost …

Consumer Confidential: Combing Through a Hair Treatment That Went Bad

Sunday, August 17, 2014

Shlomo Brooks might want to consider himself lucky that his biggest problem with a West Los Angeles hair-replacement clinic is that his hair isn’t any thicker. At least that’s my feeling after looking into Brooks’ dealings with a man who now faces criminal charges of impersonating a doctor …

Analysis: John Deere Feeling the Downside of an Abundant Harvest

Sunday, August 17, 2014

Washington — This year hasn’t been kind to the U.S. agricultural sector. Just ask John Deere, the world’s largest manufacturer of farming machinery. The company last week reported a 15 percent decline in profit for its fiscal third quarter compared with the previous quarter. After years of sustained …

Farmers Await Weed-Killer Rule

Sunday, August 17, 2014

Washington — Faced with tougher and more resistant weeds, corn and soybean farmers are anxiously awaiting government decisions on a new version of a popular herbicide — and on genetically modified seeds to grow crops designed to resist …

Wearing Thin: Analysts Say Wearable Devices Are Unlikely to Be Big Sellers

Sunday, August 17, 2014

Despite the hype for upcoming products from Apple Inc., Google Inc. and Samsung Electronics Co., a number of analysts say Internet-connected personal devices such as smartwatches and fitness bands — so-called wearables — will be hard-pressed to reach …

Building a Business on Their Own

Sunday, August 17, 2014

New York — When Matt Cottle asked his boss to let him work in the supermarket’s bakery, she told him he’d never do anything more than collect grocery carts. After six years of bagging groceries and pushing carts, …

At $850 Million, BuzzFeed Value Tops Big Papers’

Sunday, August 17, 2014

BuzzFeed raised $50 million on a bet its mix of everything from animal lists to serious news is more valuable than the coverage produced by established media like the Washington Post and Los Angeles Times. The investment from venture-capital firm Andreessen Horowitz propelled BuzzFeed’s valuation beyond those traditional …

Canadian Economy on Rise

Sunday, August 17, 2014

Toronto — Canadian companies are posting their best profit in three years, fueling hopes that business spending will soon jolt economic growth. Earnings among the 84 percent of companies in the Standard & Poor’s/TSX Composite Index that reported as of 4 p.m. Wednesday reached a total C$216.01 per …

Penney Faces Big Credit Hurdles

Sunday, August 17, 2014

Analysts are weighing in on J.C. Penney’s improved second quarter results, and while liquidity concerns through 2015 have subsided and the company has achieved stability, concerns have shifted to the next phase for Penney. Standard & Poor’s analyst Tobias Crabtree said last week that performance trends are positive, …

Harley-Davidson’s New Road Glide Adds Technology

Sunday, August 17, 2014

It’s been a month since Harley-Davidson delivered a one-two punch of innovative new product. After bringing its Street beginner bikes to market, it followed up with the sacrilegious all-electric LiveWire that continues to send ripples through the industry. …