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Business

Investigation Uncovers Cyberattacks On Military

Thursday, September 18, 2014

Defense contractors recently suffered a barrage of cyberattacks from the Chinese government, according to a Senate investigation released Wednesday that revealed startling vulnerabilities in how the Pentagon transports troops and equipment. Contractors working for the U.S. Transportation Command were successfully hacked about 50 times over a 12-month span that ended in May 2013. Of those, at least 20 were sophisticated intrusions attributed to China, the investigation found. Despite the seriousness …

Spirit Airlines Paves the Way for Bare-Bones Flying

Thursday, September 18, 2014

Miramar, Fla. — When you purchase a ticket to fly America’s fastest-growing and most-criticized airline, here is what you get: a seat, a mini-tray-table, free use of the bathroom, room for your legs, maybe even some room for your knees. You pay for everything else. A printed boarding pass is $10. Water is $3. The right to bring a carry-on is at least …

Wynn Resorts Wins Casino Bid

Wednesday, September 17, 2014

Boston — Wynn Resorts has won the competition for the lucrative Boston-area casino license, besting rival Mohegan Sun largely on the strength of its $1.6 billion project’s economic development potential. The Massachusetts Gaming Commission voted 3-to-1 Tuesday to award the license to the Las Vegas casino giant, which wants to turn a former chemical plant site on the Mystic River in Everett into …

Perdue Farms Eliminates Antibiotic Use in Chicken Hatcheries

Sunday, September 7, 2014

Perdue Foods, the nation’s third-largest poultry producer, said it has removed all antibiotics from its chicken hatcheries to address growing concerns about bacterial resistance to the widely used drugs. The Salisbury, Md.-based company said it invested in cleaner hatcheries that eliminate the need for antibiotics on eggs. The …

Insurance Industry: Pickup Tailgate Theft Is Up

Sunday, September 7, 2014

The insurance industry is warning pickup drivers to watch their backs. Tailgate theft is surging. Tailgates have a rough life. They get rear-ended, backed into objects and dented by shifting cargo. That’s why thieves find a ready market for replacements, selling them on EBay and Craiglist. They are …

Here’s the Proof That Math Is Hot These Days

Sunday, September 7, 2014

Math — the “m” in STEM — is probably the least glamorous of all the STEM fields. Go ahead — just try to name one celebrity mathematician (Russell Crowe as Princeton math legend John Nash in A Beautiful Mind doesn’t count). But all that could be changing. The …

Quake Jolts Napa Harvest

Sunday, September 7, 2014

Napa, Calif. — The first pinot noir grapes of the season came in to Trefethen Family Vineyards as usual, glistening purple mounds stacked in white bins. Well, almost as usual. This year, harvest workers donned safety vests and …

USDA to Buy $13 Million in Salmon

Sunday, September 7, 2014

Juneau, Alaska — The U.S. Department of Agriculture has agreed to buy up to $13 million in canned pink salmon to ease a glut that has weighed down prices for Alaska fishermen. In July, Gov. Sean Parnell asked the USDA to buy $37 million worth of canned fish …

Reassessing Bretton Woods, and the Supremacy of the Dollar

Sunday, September 7, 2014

Bretton Woods, N.H. — Seventy years ago, in this tiny White Mountains resort community, the world’s financial gurus gave birth to a new international system, including creation of the World Bank and International Monetary Fund, designed to avert another Great Depression and pave the way for sustained, non-inflationary …

Fed: Median Incomes Fall for All but Richest

Sunday, September 7, 2014

Washington — Only the rich saw their incomes benefit from the economic recovery during 2010-2013, as earnings stagnated or fell for all others, a report from the Federal Reserve showed last week. Median income adjusted for inflation rose …

Job Numbers For August Called ‘Blip’

Sunday, September 7, 2014

Washington — “Fluke.” “Volatile.” “Statistical blip.” “Subject to revision.” Those were the words that economists turned to as they described Friday’s August report on U.S. employment. Payrolls climbed by 142,000 workers, less than the 230,000 median forecast of …

Eating Habits of Poor Americans on Decline

Sunday, September 7, 2014

Income inequality isn’t the only gap the United States needs to mind these days: The country is amassing a sad and expensive discrepancy between what its poor and rich eat. The wealthiest people are eating better, while diets of the poorest are getting worse, according to a new …

Retirement-Saving Changes That Could Affect Your Plans

Sunday, September 7, 2014

Retirement savers will have a few new wrinkles to contend with this fall as new policies take effect and Congress continues to battle budget woes. Fledgling savers are likely to see new government-backed accounts, and some states are looking to roll out their own plans, while some of …