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Business

Vt. Forced To Cut Spending

Friday, July 25, 2014

Montpelier — Recovery from the Great Recession almost seven years ago is still slogging through Vermont, with lower-than-expected state revenues forecast Thursday that prompted Gov. Peter Shumlin to call for budget cuts. “This really is no different than when a family thinks they have a raise coming, they get a raise, but the raise is a little smaller than they had projected,” the governor told reporters as he prepared for …

Ex-Market Basket Boss Wants to Buy

Friday, July 25, 2014

Tewksbury, Mass. — The former chief executive of the Market Basket supermarket chain whose ouster has led to employee protests, customer boycotts and empty shelves wants to buy the entire company. Arthur T. Demoulas said in a statement Wednesday that he and his side of the family want to buy the 50.5 percent of the company now controlled by relatives who backed his …

Co-op Board Hears Concerns at Long Meeting

Thursday, July 24, 2014

Hanover — About 300 members of the Hanover Consumer Cooperative Society packed the Hanover High School auditorium Wednesday, with many demanding that two fired employees be reinstated and denouncing the way Co-op Food Stores management handled the terminations. Others, including several Co-op employees, voiced their support for management during the 90-minute session set aside for member comments prior to the Co-op governing board’s …

Growth Seen to Exceed 3 Percent

Sunday, July 13, 2014

Washington — The fifth anniversary of the U.S. economic expansion will usher in a rare boon: growth exceeding 3 percent over a nine-month period, a Bloomberg survey of economists forecasts. Gross domestic product will expand 3.1 percent from July through December following a 3.3 percent advance last quarter, …

Wheels: The Latest Trend Out of New York?

Sunday, July 13, 2014

New York — The Nissan NV200 cargo/minivan is changing the face of this city, one yellow cab at a time. If Nissan has its way, the same will be true in Chicago and Seattle — and in London, …

Nuts & Bolts: Nissan NV200

Sunday, July 13, 2014

Bottom line: I wouldn’t be surprised to see the Nissan NV200 consuming more of the urban cab business. It makes sense — small enough to work well in a congested city, large enough to get people and their belongings where they want to go. I can also see …

Career Second Acts

Sunday, July 13, 2014

After Fred Wallace was laid off from a high-paying job in 2011, the 56-year-old knew the odds of landing a comparable position were slim. He polished his LinkedIn profile and networked like crazy. But his yearlong job search …

Daughter Not Buying Dad’s Message Promoting Home Ownership

Sunday, July 13, 2014

Washington — David Stevens, chief executive officer of the Mortgage Bankers Association, has spent his career lauding the merits of homeownership. One person still isn’t buying it: his daughter. Sara Stevens, 27, knows interest rates are low, rents …

Consumer Confidential:

Sunday, July 13, 2014

It would be nice if Americans could declare independence from loony medical bills. But that day isn’t here. Bill Erickson can attest to that. In 2010, he had his right knee replaced after “lots of abuse” as a high school and college baseball coach. His insurer, Anthem Blue …

Forecast Sends Corn Prices to Near Taxpayer Subsidy Level

Sunday, July 13, 2014

Washington — The U.S. government Friday increased its forecast for a surplus of corn, raising the prospect prices will tumble to levels that would trigger subsidy payments to farmers. Corn supplies in 2015 will reach 1.801 billion bushels, 4.3 percent larger than forecast last month, the U.S. Department …

Ag Industry Seeks Right to Farm

Sunday, July 13, 2014

Jefferson City, Mo. — In the nation’s agricultural heartland, farming is more than a multibillion-dollar industry that feeds the world. It could be on track to become a right, written into law alongside the freedom of speech and …

Internet Rally Offsets Portugal Concern; Dow Down for Week

Sunday, July 13, 2014

New York — U.S. stocks rose Friday, paring the biggest weekly loss since April, as a rally in Amazon.com Inc. and EBay Inc. led an afternoon rebound from declines spurred by concern over financial stress in Europe. EBay and Amazon.com increased at least 2.3 percent amid optimism in …

Credit Ratings Get Shakier for Colleges

Sunday, July 13, 2014

Howard University’s credit rating by Moody’s Investors Service fell this month for the second time in the past year, largely because of concerns about money troubles at its hospital. But the historically black university in Washington has plenty of company: Moody’s has downgraded three dozen other four-year colleges …