Business

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 for a down payment. “If I pay …

Pilot Was Locked Out of Cockpit

Thursday, March 26, 2015

Seyne-Les-Alpes, France — The first half of Germanwings Flight 9525 was chilling in its normalcy. It took off from Barcelona en route to Duesseldorf, climbing up over the Mediterranean and turning over France. The last communication was a routine request to continue on its route. Minutes later, at 10:30 a.m. Tuesday, the Airbus …

Nursing Home Bills Squeeze Insurers

Wednesday, March 25, 2015

New York — Thirty years ago, insurance companies had the answer to the soaring cost of caring for the elderly: Plan ahead and buy a policy that will cover your expenses. Now, there’s a new problem: Even insurers think it’s unaffordable. Life insurance firms pitched long-term care policies as the prudent way for …

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, …

Business Notes: March 22, 2015

Sunday, March 15, 2015

Randolph — A record-setting number of exhibitors, including GW Plastics, Darn Tough Vermont, IBM and My Web Grocer, participated in the recent Career Fair held at Vermont Technical College. A total of 97 employers exhibited at the March …

Members Critical of Co-op Firings Run for Seats on Board

Friday, March 13, 2015

Hanover — A group that has advocated for changes to labor practices at the Hanover Consumer Cooperative Society’s Co-op Food Stores is fielding three candidates for the Co-op’s board of directors. In all, seven candidates, two of them incumbents, are running for four seats on the board. This …