Business

Co-op Staff Votes Down Labor Union

Tuesday, July 28, 2015

Lebanon — Workers at the Lebanon Co-op Food Store on Monday voted, 70-31, against organizing under a Massachusetts-based union, an election brought on by a year’s worth of turmoil surrounding the firings of two employees. Of about 140 workers at the store, 122 full- and part-time personnel were eligible to vote, and 113 ballots were cast. “(I’m) elated — we can be a family again,” Jayne Baker, a cashier at …

Costs Have Hit State Health Markets Hard

Monday, July 27, 2015

Washington — State-run health insurance markets that offer coverage under President Obama’s health law are struggling with high costs and disappointing enrollment. These challenges could lead more of them to turn over operations to the federal government or join forces with other states. Hawaii’s marketplace, the latest cautionary tale, was awarded $205 million in federal startup grants. It has spent about $139 million …

As Rich Get Super-Rich, They Pay Lower Taxes

Sunday, July 26, 2015

Washington — One of the cornerstones of American income tax policy is that taxes are progressive. People who make more money devote a higher share of their income to federal income taxes than people who make less money. That allows for a redistribution of wealth that lowers inequality. At least, that’s how it’s supposed to work. But data out this spring from the …

Wal-Mart Does About Face on Manufacturing

Sunday, July 19, 2015

Bentonville, Ark. — The group cheer at Wal-Mart’s third annual U.S. manufacturing summit — convened to find more American-made products — was greeted with a voice from another era. “Almost anything can be made by Americans, in this country, and be done efficiently,” founder Sam Walton said in …

Canada Inflation Rises On Food, Shelter Prices

Sunday, July 19, 2015

Ottawa — Canada’s annual inflation rate quickened in June as food and shelter costs increased and energy provided less of a drag. The consumer price index rose 1 percent in June from a year ago, following the 0.9 percent pace in May, Statistics Canada said Friday in Ottawa. …

Comcast to Offer New, Low-Cost Streaming TV Service

Tuesday, July 14, 2015

Comcast, the nation’s largest cable company, is giving its customers the option to cut the cord. The company said Monday that it is beta-testing a video streaming service for its Xfinity Internet customers that will offer a pared-down package of TV channels, including HBO, for $15 a month. …

Union Vote Set For Lebanon Co-op Staff

Monday, July 13, 2015

Lebanon — Co-op employees at the Lebanon Food Store will vote this month on whether to organize under a Massachusetts-based union, capping a year-long controversy involving multiple labor disputes at the store. Of roughly 140 employees at the Lebanon location, about 110 will be eligible to vote to …

Savoring Strawberries in Cornish

Monday, July 13, 2015

Stephanie Fisk, right, of South Royalton, and her son Sam, 14, pick strawberries at Edgewater Farm in Cornish on Sunday. It was the last picking day of the season for Edgewater Farm. Valley News — Sarah Shaw …

Tips for Those 20-Somethings on Handling Finances

Sunday, July 12, 2015

Finding a job, renting an apartment, repaying student loans — when you’re just starting out, getting on your financial feet can be overwhelming. A recent study by Money Under 30, a personal finance blog for 20-somethings, found that many young adults have to make significant compromises when starting …

Reverse Mortgage Due When Borrowers Die

Sunday, July 12, 2015

As more seniors turn to reverse mortgages, their adult children might be puzzled or concerned about what will happen to that debt when their parents die. Nearly all reverse mortgages are home equity conversion mortgages, or HECMs, which are insured by the Federal Housing Administration. HECMs are subject …

Consumer Confidential: ‘Fairness in Class Action’ Bill Aims to Restrict Consumers’ Access to Court

Sunday, July 12, 2015

Many companies already forbid you from joining other disgruntled customers in filing a class-action lawsuit, forcing you instead to take your beef to an arbitrator. A bill making its way through the Republican-controlled House would diminish your legal options even more. “The backers of this bill aren’t even …

Money Talk: Best Loan Repayment Plan? It Depends

Sunday, July 12, 2015

Question: I have $105,000 in medical school loans with an interest rate of 2.875 percent. I have another consolidated federal loan at 6 percent. I’m making $180,000 in the private sector and like my job. Should I consolidate everything, try to get a public sector job, and apply …

Hostess, Back from the Dead, Now Could Be Worth Billions

Sunday, July 12, 2015

In 2012, Hostess, the iconic American bakery giant behind Ding Dongs, Ho Ho’s and Twinkies, was bankrupt, with plans to slash more than 18,000 jobs and close its doors for good amid a crippling nationwide strike. Then, in 2013, a snack-cake savior appeared. The Missouri-based sweets maker was …