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Business & Money

L-3 KEO in Northampton lands $48.7 million contract for submarine photonics system

Wednesday, May 27, 2015

NORTHAMPTON — The city’s largest private-sector employer has landed a $48.7 million contract to develop and build a new, slimmer version of one of its products — a sensor similar to a periscope for attack submarines. The design will help U.S. submarines be less recognizable when traveling the world’s oceans. The contract follows other multi-million dollar contracts that L-3 KEO received from the U.S. Navy, including a $41.2 million contract …

Slumping energy sector leads broad stock sell-off

Tuesday, May 26, 2015

NEW YORK — The stock market endured its worst day in three weeks on Tuesday as investors fretted over Greece’s debt crisis and a surge in the U.S. dollar. Investors seeking safety bought U.S. government bonds. The Dow Jones Industrial average lost 190.48 points, or 1 percent, to 18,041.54. The Standard & Poor’s …

Pilgrim nuclear plant back online after $70M refueling

Tuesday, May 26, 2015

PLYMOUTH (AP) — The only commercial nuclear power plant in Massachusetts returned to full service on Tuesday after a $70 million, monthlong, refueling and maintenance project that owners say makes the plant safer. Entergy Corp., owner of the Pilgrim Nuclear Power Station in Plymouth, said control room operators reconnected the plant to the grid after a 35-day planned shutdown. The plant’s 600 employees, …

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Lynne Bertrand: What spring can reveal if we remember to look, listen

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Amherst Select Board candidates debate The Retreat student housing project

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Daily Deals debuts Tuesday on GazetteNET
  • "Perseverance" is Robert Hallock's testament to the rigors of fishing in northern Scotland.

    "Perseverance" is Robert Hallock's testament to the rigors of fishing in northern Scotland. Purchase photo reprints »

  • KEVIN GUTTING
During a presentation by Fort River sixth graders Morgan Brennan, center, and Taylor Masteralexis on the portrayal of women in the media, State Representative Ellen Story, left, expressed disbelief that there really is a woman who underwent plastic surgery to have a body like a Barbie doll.  On Friday, Story and Amherst Town Manager John Musante took part in "miniature lobbying meetings" with sixth graders who put forth proposals on issues like MCAS testing, arts funding, food insecurity and relationships between police departments and communities. The classes are to have a second pair of lobbying sessions with U.S. Representative James McGovern and Fort River assistant principal Diane Chamberlain on Tuesday.

    KEVIN GUTTING During a presentation by Fort River sixth graders Morgan Brennan, center, and Taylor Masteralexis on the portrayal of women in the media, State Representative Ellen Story, left, expressed disbelief that there really is a woman who underwent plastic surgery to have a body like a Barbie doll. On Friday, Story and Amherst Town Manager John Musante took part in "miniature lobbying meetings" with sixth graders who put forth proposals on issues like MCAS testing, arts funding, food insecurity and relationships between police departments and communities. The classes are to have a second pair of lobbying sessions with U.S. Representative James McGovern and Fort River assistant principal Diane Chamberlain on Tuesday. Purchase photo reprints »

  • GREG SAULMON
Rick M. McNeil of Easthampton looks for common nighthawks in a meadow at Arcadia Wildlife Sanctuary Saturday evening, May 23, 2015.

    GREG SAULMON Rick M. McNeil of Easthampton looks for common nighthawks in a meadow at Arcadia Wildlife Sanctuary Saturday evening, May 23, 2015. Purchase photo reprints »

  • KEVIN GUTTING
U.S. Rep. James McGovern speaks outside the Amherst Area Chamber of Commerce on Amity Street before joining a group on a walking tour of Amherst center Tuesday.

    KEVIN GUTTING U.S. Rep. James McGovern speaks outside the Amherst Area Chamber of Commerce on Amity Street before joining a group on a walking tour of Amherst center Tuesday. Purchase photo reprints »

  • JERREY ROBERTS
Carlton Pickron, his wife, Lisa Pickron, and their daughter, Charisse, walk near their home in Amherst Tuesday, May 12.

    JERREY ROBERTS Carlton Pickron, his wife, Lisa Pickron, and their daughter, Charisse, walk near their home in Amherst Tuesday, May 12. Purchase photo reprints »

  • CAROL LOLLIS
Barbara Landry an employee at  Williston, checks the pews after cleaning  Stevens Chapel Friday afternoon in preparation for graduation weekend.

    CAROL LOLLIS Barbara Landry an employee at Williston, checks the pews after cleaning Stevens Chapel Friday afternoon in preparation for graduation weekend. Purchase photo reprints »

Charter looks to buy Time Warner Cable for $55B

Tuesday, May 26, 2015

NEW YORK — As TV watchers increasingly look online for their fix, cable companies are bulking up. In the latest round, Charter Communications is buying Time Warner Cable for $55.33 billion. And executives say they’re confident regulators will …

Woman hanging off Shell ship anchor ends drill protest

Monday, May 25, 2015

BELLINGHAM, Wash. — The woman who had been hanging off the anchor chain of a support ship that is part of Royal Dutch Shell’s plans to explore for oil in the Arctic Ocean ended her dayslong protest north …

Development at former Belchertown State School site ‘visibly taking hold’

Saturday, May 23, 2015

BELCHERTOWN — It has been well over two decades since the last patients, staff and administration left the Belchertown State School for the last time. Last week, demolition crews moved in on some of the buildings that housed …

Economy, cultural climate topics for Congressman James McGovern during walking tour of downtown Amherst

Friday, May 22, 2015

AMHERST — Economic development, potential arts programs and the existing cultural environment will be the focus of a two-hour visit by U.S. Congressman James McGovern to Amherst center Tuesday afternoon. McGovern, D-Worcester, will lead a walking tour that begins at the Amherst Area Chamber of Commerce, 28 Amity …

Stocks fall on lower oil, mixed earnings results

Friday, May 22, 2015

NEW YORK — The stock market capped a quiet week of trading on a down note. Major indexes fell from the start on Friday as oil drillers and other energy-related companies followed oil prices lower. Stocks spent much …

Merkel: Greece bailout talks far from done

Friday, May 22, 2015

RIGA, Latvia — With Greece facing a potential default in two weeks, German Chancellor Angela Merkel on Friday sought to add urgency to the talks between the country and its international creditors, warning that “very, very intensive work …

Wal-Mart pushing for better animal welfare

Friday, May 22, 2015

NEW YORK — Wal-Mart’s push to get its suppliers to give farm animals fewer antibiotics and more room to roam is expected to have a big impact on the food industry, experts say. Though the steps are voluntary, …

Elmer’s Store owner Nan Parati of Ashfield wins Franklin County entrepreneurship award

Friday, May 22, 2015

ASHFIELD — Nan Parati never expected to buy Elmer’s Store when she first came to town for a visit in 2005 from New Orleans — where she also never expected to live for more than 25 years after …

CVS buying drug distributor

Thursday, May 21, 2015

CVS Health will pay more than $10 billion for pharmaceutical distributor Omnicare in a deal primed to feed its fast-growing specialty drug business and tap a lucrative and growing market: care for the elderly. The acquisition announced Thursday …

Stocks set new record on rebound in oil prices

Thursday, May 21, 2015

NEW YORK — The stock market eked out another record close on Thursday as rising oil prices boosted energy stocks. Best Buy was among the biggest gainers after reporting earnings that exceeded the expectations of Wall Street analysts. …