Business

Johanna Cicotte, owner of Miller Auto Group, hugs an employee at Miller Chevrolet Cadillac in Lebanon, N.H., on Feb. 24, 2015. The dealership is closing this week. (Valley News - Sarah Shaw) <p><i>Copyright © Valley News. May not be reprinted or used online without permission. Send requests to permission@vnews.com.</i></p>

Miller Auto Dealership to Close

Wednesday, February 25, 2015

Lebanon — Signaling a shake-up in the Upper Valley automobile market, longtime car seller Miller Chevrolet Cadillac will close its doors on Friday, leaving Lebanon, for the first time since the dawn of the automotive era, without a Chevrolet or Cadillac dealer. Miller Chevrolet Cadillac owner Johanna Cicotte has terminated the distribution agreement with parent company General Motors and is …

Businesses: Vt. Mandates Hurt Recovery

Tuesday, February 24, 2015

Montpelier — Business groups contend legislative mandates are hampering their ability to recover from the Great Recession. The groups, representing a wide array of sectors, said lawmakers have burdened businesses with new regulations, fees and taxes over the past six years that have made it difficult for small companies to thrive in Vermont. Members of the Vermont Retail and Grocers Association, the Associated …

Derailment of Trains Hauling Fuel a Concern

Monday, February 23, 2015

Billings, Mont. — The federal government predicts that trains hauling crude oil or ethanol will derail an average of 10 times a year over the next two decades, causing more than $4 billion in damage and possibly killing hundreds of people if an accident happens in a densely populated part of the U.S. …

Are You About to Be Hacked?

Sunday, February 15, 2015

New York — Are you a hack waiting to happen? Your boss wants to find out. High-profile hacks have companies on the defensive, trying to prevent becoming the next Sony Pictures or Anthem. And data shows phishing emails …

Cooking Up a Business From Scratch

Sunday, February 15, 2015

Milwaukee — When Justin Johnson was hired in 2012 to help revamp a hospital’s cafeteria to emphasize scratch food and sustainable operations, he was skeptical whether the concept would work. Now, Johnson is starting his own company, which …

Why You Should Avoid 401(k) Loans

Sunday, February 15, 2015

Many 401(k) plans allow you to take a loan against what you saved. Such money, though, comes with catches. Overall, tapping your tax-advantaged retirement savings is a bad idea because it saps your retirement kitty. First, the organization sponsoring your plan, probably your for-profit employer, decides whether to …

Consumer Confidential: Warranties Usually Start on Purchase Date, Not Delivery Date

Sunday, February 15, 2015

For Gavin Yee, it all came down to the eight days between when he purchased a Whirlpool dryer and when it was delivered to his home. His extended warranty expired just days before the dryer broke down. Whirlpool said it was tough luck. But Yee, 47, felt this …

Banks Feel Dodd-Frank Backlash

Sunday, February 15, 2015

Washington — The financial industry is finding that winning in Washington comes at a cost. Wall Street lobbied aggressively and succeeded late last year in persuading lawmakers to roll back rules for the $700 trillion derivatives market. Instead of generating momentum for further changes to the Dodd-Frank Act, …

Spending on Cyberattack Insurance Soars

Sunday, February 15, 2015

Hackers are wreaking havoc on big organizations, but they’re also spurring a new market — cyberattack liability insurance. Once-complacent businesses, stung by debilitating cyberattacks at Target Corp., JPMorgan Chase Co. and other well-known companies, are on a cyberattack insurance shopping spree. Spending on cyberattack insurance nearly doubled in …

Restaurants Would Like Their Patrons To Skip the Dessert

Sunday, February 15, 2015

Washington — If you think you’re doing a restaurant any favors by ordering dessert, you might want to think again. Dessert can be delicious. And it can be profitable, too. But generally speaking, when diners extend their meal with slices of chocolate cake, cups of ice cream and …

Conn. Pushes Rich to Stay

Sunday, February 15, 2015

Hartford, Conn. — If you’re a billionaire living in Connecticut, chances are the tax department is keeping an eye on you. In a state home to some of the richest Americans, tax officials go to some lengths to …

Upper Valley Tax Help Sites

Sunday, February 15, 2015

All locations require appointments to be scheduled in advance. Call the number for the site you want to visit to make an appointment. Don’t forget to bring your important tax and other documents with you, especially those related to the Affordable Care Act. For more information about the …

Money Talk: Pay Off Your Highest-Rate Debts First

Sunday, February 15, 2015

Question: I’m expecting a bonus this year of about $10,000. Should I pay off $6,000 in back taxes on which I’m currently paying $428 per month on a never-ending installment agreement? Or would it be better to pay off one of our $5,000 credit cards accruing 19 percent …