Business

About 75% Prefer Imitation

Saturday, March 28, 2015

Washington — It’s peak sugaring season in much of the Northeast, when the country’s maple syrup producers tap their trees to collect the sap that flows freely this time of year. It takes about 40 gallons of maple sap — and nothing else — to make one gallon of real maple syrup. By contrast, the artificial stuff — think Aunt …

Federal Regulators Seek to Put Their First Check on Payday Lenders

Saturday, March 28, 2015

Washington — The Consumer Financial Protection Bureau on Thursday unveiled a new plan that it said would help rein in the $50 billion payday lending industry and prevent low-income borrowers from facing spiraling levels of debt. The proposal, which still must face months of review, marks the first attempt by the federal government …

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 …

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 …

Most Consumers Unaware They’re Banned From Suits

Sunday, March 15, 2015

Washington — Companies routinely put language into the fine print of loan agreements, credit card contracts and other financial products that drastically reduce the chances that a consumer with a complaint will get relief, according to a report released last week by the Consumer Financial Protection Bureau. Most …

Soy Sauce Makes ‘Miracle’ Comeback In Tsunami-Wrecked Japan

Sunday, March 15, 2015

Rikuzentakata, Japan — When the tsunami warning sounded, workers at the two-centuries-old soy sauce maker in northeastern Japan ran up a nearby hill to a shrine for safety, and watched in disbelief as towering waters swallowed their factory. They all believed the business, started in 1807, and its …

Five Things to Know About Apple’s Medical Apps

Sunday, March 15, 2015

San Francisco — Amid all the talk of Apple Watch, a new MacBook laptop and a partnership with HBO, a set of Apple tools aimed at promoting medical research didn’t get much attention. The tools, called ResearchKit, promise …

Doughnut Franchise Eyes Route 5 Site in Hartford

Sunday, March 15, 2015

White River Junction — An owner of Dunkin’ Donuts franchises throughout New England has won site development approval for a new Dunkin’ Donuts eatery to be built on the spot currently occupied by a Sunoco gas station and Simon’s Store convenience market on Route 5 across from the …

Zero Motorcycles Going Up Against the Big Boys

Sunday, March 15, 2015

Scotts Valley, Calif. — This time last year, Zero Motorcycles could comfortably claim to be the world’s leading electric motorcycle maker. Then Harley-Davidson unveiled its electric LiveWire concept bike, and Polaris Industries acquired Brammo Motorcycles, positioning itself to match Harley. The suddenly dwarfed California bike maker responded by …

Money Talk: Roth IRA Offers Saving Flexibility

Sunday, March 15, 2015

Question: I’m 26 and make $45,000 a year. I currently have about $60,000 saved with no debt. Roughly half of my assets are in retirement accounts, and the other half are in non-retirement accounts. I strive to save 30 percent of my income (about 15 percent in pre-tax …

Firms Learning More, but Saying Less, About Executive Gender Gap

Sunday, March 15, 2015

New York — Two years ago, Avon executives made a startling discovery: The company, a beauty brand known for its legions of “Avon ladies,” had relatively few women in top management positions. Ninety-eight percent of employees in district sales management were women. But most top leadership roles in …

People in Business: March 22, 2015

Sunday, March 15, 2015

Reginald Greene, of Hanover, has been promoted to executive vice president, director of lending and credit, at Ledyard National Bank. He is responsible for all aspects of Ledyard National Bank’s lending business, including commercial, residential and consumer lending, …