M/cloudy
72°
M/cloudy
Hi 86° | Lo 62°

Business

Time Warner Deal Expected Today

Tuesday, May 26, 2015

Charter Communications is close to a $55 billion deal to acquire Time Warner Cable, a merger that would create a powerful cable and broadband Internet contender in an industry long lacking competition. The companies are expected to announce their proposed merger early this morning, with Charter agreeing to pay about $195 a share for Time Warner Cable — $100 in cash and the rest in stock, according to people directly …

‘A Beautiful Mind’ Subject, Wife Die

Monday, May 25, 2015

Trenton, n.j. — Born to an electrical engineer, and later a precocious and dashing young man who attained an Ivy League education, John Nash seemed destined for a life of stunning success. That he achieved, winning a Nobel Prize in 1994, but not without a struggle with mental illness that would make him …

Financial Advisers Don’t Care About Millennials, and Vice Versa

Sunday, May 24, 2015

The investment industry has an age discrimination problem, and millennials and Generation X are bearing the brunt of it. Only 30 percent of financial advisers are actively looking for clients under age 40, according to a survey of 500 advisers by the research firm Corporate Insight. Advisers prefer older clients for a simple reason: Most advisers get paid based on a percentage of …

Unsolved Mysteries, Airbag Edition

Sunday, May 10, 2015

Detroit — After months of testing by air bag maker Takata and an independent panel of engineers, there’s still no clear answer why some air bags are blamed for killing drivers after being triggered and spraying metal shrapnel. …

Wheels: Volvo XC60 Is Nice Car, but It Lacks Competitors’ Value

Sunday, May 10, 2015

Money matters. A cursory glance at recent developments in the global automobile industry indicates as much. Mercedes-Benz, long among the world’s leading purveyors of luxury metal, saw its first-quarter profit double. GM and Ford, although doing much better …

Nuts and Bolts: 2015.5 Volvo XC60

Sunday, May 10, 2015

Bottom line: Note to Volvo and other high-end automobile manufacturers: You are going to have to start offering a lot more than “prestige” and “intangible quality.” Rapid technological progress is superseding those old notions of luxury. Head-turning quotient: It remains attractive. But it is aging in comparison with …

Money Talk: Education Tax Breaks Can Be Baffling

Sunday, May 10, 2015

Question: I am confused regarding my ability to take advantage of the American Opportunity Credit for college expenses in filing my 2014 tax return. My accountant told me I didn’t qualify because my adjusted gross income exceeds $80,000. Yet when I researched on the IRS website, I seem …

Study: World’s Food Producers Not Conserving Enough Resources

Sunday, May 10, 2015

Climate change and other factors are amplifying the water risks plaguing big food companies, which are not adequately addressing the problems, according to a new study. Many big-name food brands such as Hershey, Kraft and Perdue are wasting water resources through lax conservation practices and poor planning. And …

GM: Future Is Electric but Profits Are in Pickups, SUVs

Sunday, May 10, 2015

Detroit — General Motors declared that the auto industry’s future is electric just as Americans’ rekindled demand for pickup trucks, SUVs and crossovers are driving the bulk of the automaker’s profits. “The company believes the future is electric, with billions (of dollars) of investment to support an all-in-house …

Stocks Jump After Solid Hiring Gains

Sunday, May 10, 2015

New York — The U.S. stock market had its best day in two months Friday following good news about the job market. The surge was enough to push two of the three major U.S indexes to gains for …

Most Paychecks Have Yet to Feel The Recovery

Sunday, May 10, 2015

The winter of our jobs discontent is over, and the recovery is back to chugging along like it was before. That’s the good and bad news. Before we get to it, though, let’s rewind a little bit. At the end of last year, it looked like the recovery …

Next Labor Fight: Shifting Worker Schedules

Sunday, May 10, 2015

Washington — If there’s one labor issue that’s come to the forefront of political agendas over the past few years, it’s the minimum wage: Cities and states around the country are taking action to boost worker pay, as federal efforts seem doomed to fail. But a new wave …

S&P 500 Growth Scare Over

Sunday, May 10, 2015

New York — Relax, earnings didn’t fall last quarter. That’s according to data on Standard & Poor’s 500 Index profits updated by Bloomberg, which shows companies in the benchmark gauge are on track to deliver income growth of 0.2 percent in the three-month period. As recently as March, …