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Business

Claremont Seizes FairPoint Building for Failure to Pay Taxes

Friday, May 24, 2013

Claremont — The city has begun taking properties for back taxes and the first one on the list of 19 was the current FairPoint Communications office building on Broad Street. FairPoint did not make any tax payments in 2009 and under state law, a municipality is required to take a property when taxes are delinquent more than three years. In a report to the City Council earlier this month, Finance …

Vt. to NRC: How Do We Get Rid of Waste?

Friday, May 24, 2013

Montpelier — Attorneys general in Vermont, New York, Massachusetts and Connecticut announced yesterday they are petitioning the Nuclear Regulatory Commission for a more thorough environmental review of storage of highly radioactive nuclear waste at plant sites. It was another effort by states to turn up the pressure on federal agencies to keep a promise Washington made 30 years ago but has yet to …

Vt. Leader In N.E. Economy

Thursday, May 23, 2013

Hartford, Conn. — As New England recovers from the worst recession in decades, Massachusetts and Vermont are posting the strongest gains while Rhode Island and Maine lag, an economists’ group said yesterday. External factors such as Europe’s recession, which is damaging markets for exports from New England businesses, and federal spending cuts, which are reducing sales by the region’s defense contractors, are crimping …

Google Glass a Hit With 1st Users

Sunday, May 12, 2013

Back when she was in college, software developer Monica Wilkinson said, she used to dream of “being able to carry a computer in my head,” instead of lugging her books and laptop all over campus. As she tried …

A Crop Without a Stigma

Sunday, May 12, 2013

Villa Tunari, Bolivia — Since taking office seven years ago, President Evo Morales has tried to persuade the world that he has no tolerance for cocaine and that Bolivia’s thousands of acres of coca plants can be dedicated …

Judd Gregg Eyed for Top Job at Bank Lobby

Sunday, May 12, 2013

Washington — Former New Hampshire Sen. Judd Gregg is a leading candidate to run Wall Street’s biggest lobbying group, according to people briefed on the discussions. Gregg, 66, a Republican from Nashua who retired from the Senate last …

Coca-Cola Vows Global Effort Against Obesity

Sunday, May 12, 2013

Atlanta — In a sign of how health concerns have shaken the beverage industry, Coca-Cola Co. used a boisterous anniversary celebration last week to pledge to make low-calorie drinks and clearer nutritional information more available around the world. Facing increasing criticism from consumer advocates and politicians over the …

ECFiber Plans Summer Expansion

Sunday, May 12, 2013

Norwich — ECFiber has connected 325 customers to high-speed fiber-optic broadband Internet service and is about to expand its network to more underserved customers this summer, the organization’s chairman said last week. The Vermont nonprofit provider, which is working to deliver service to 23 municipalities in the Upper …

Fed: Borrowers Shortchanged

Sunday, May 12, 2013

Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abuses during foreclosure proceedings in 2009 and 2010. The company hired to distribute the money, Rust Consulting, …

Give Cable TV Subscribers More Freedom of Choice

Sunday, May 12, 2013

President Obama has nominated venture capitalist Tom Wheeler, a former lobbyist for the cable and the wireless industries, to serve as head of the Federal Communications Commission. “Tom knows this stuff inside and out,” Obama said. If that’s true, I can only assume that high on Wheeler’s to-do …

Borrowers Should Try to Limit Risks

Sunday, May 12, 2013

Why did Jones pay more for her mortgage than Smith? One possible reason is that her mortgage had features that increase risk to the lender, which charged a higher price to compensate. I call these “risk factors.” Potential borrowers ought to know what they are, how much of …

A Young Man’s Game

Sunday, May 12, 2013

I first recall seeing Dylan Collins years ago on the basketball court of my son’s junior high school, 6-feet-plus of gangly adolescence with a wild head of hair and an easy, impish grin. Among my son and his …

Stocks Rise for Third Week

Sunday, May 12, 2013

New York — Small was beautiful this week. The Dow Jones industrial average closed above 15,000 for the first time on Tuesday, then held above that milestone for the next three days. But an index of small-company stocks …