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Business & Money

Traders Richard Scardino, left, and Michael Smyth work on the floor of the New York Stock Exchange, Wednesday, Nov. 26, 2014. Stock indexes are holding near record levels as traders digest some mixed news on the U.S. economy. (AP Photo/Richard Drew)

Stocks drift higher ahead of holiday

Wednesday, November 26, 2014

NEW YORK — The U.S. stock market eked out another record close on Wednesday ahead of the Thanksgiving holiday as investors assessed the latest reports on the economy and some corporate earnings. Orders for long-lasting manufactured goods rose in October, but a key category that tracks business investment plans declined sharply for a second straight month. Another report showed U.S. …

US agency threatens to act against air-bag maker

Wednesday, November 26, 2014

DETROIT — U.S. safety regulators threatened fines and legal action against Takata Corp. Wednesday unless the company admits that its driver’s air bag inflators are defective and agrees to a nationwide recall. In a letter to Takata’s Washington office, the National Highway Traffic Safety Administration gave the Japanese company until Tuesday to file …

Ski areas have extra reason to celebrate

Wednesday, November 26, 2014

MONTPELIER, Vt. — Ski areas across northern New England were giddy Wednesday at the prospect of a major Thanksgiving snowstorm that is bringing early season skiers to the slopes and offering a promising start to the winter season. Cold weather last weekend enabled the Mount Snow ski area in southern Vermont to make snow and open with some of the best early skiing …

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Amherst Select Board candidates debate The Retreat student housing project
  • CAROL LOLLIS
back left, Emilie Hamilton, of Amherst, Jim Ilnicky of Leveret, and on the right, Joe Cerniawski, serve themselves  Thanksgiving day dinner community dinner put on by the Amherst Survival Center on Wednesday afternoon.

    CAROL LOLLIS back left, Emilie Hamilton, of Amherst, Jim Ilnicky of Leveret, and on the right, Joe Cerniawski, serve themselves Thanksgiving day dinner community dinner put on by the Amherst Survival Center on Wednesday afternoon. Purchase photo reprints »

  • CAROL LOLLIS
Justin Griswold  of Amherst, walks to his car in the Whole Foods parking lot Wednesday afternoon.

    CAROL LOLLIS Justin Griswold of Amherst, walks to his car in the Whole Foods parking lot Wednesday afternoon. Purchase photo reprints »

  • CAROL LOLLIS
Ute  Brandes in her living room holding a picture of her son who designed their home in Belchertown where she and her husband,  Werner Brandes live.

    CAROL LOLLIS Ute Brandes in her living room holding a picture of her son who designed their home in Belchertown where she and her husband, Werner Brandes live. Purchase photo reprints »

  • CAROL LOLLIS
Brian Laramee, of Granby, cleans the gutters out of a house on Pomeroy Terrace in Northampton Tuesday morning.

    CAROL LOLLIS Brian Laramee, of Granby, cleans the gutters out of a house on Pomeroy Terrace in Northampton Tuesday morning. Purchase photo reprints »

  • REBECCA EVERETT
The Peter Pan Cafe at 46 Pleasant St. in Easthampton was seized by the state Department of Revenue for nonpayment of taxes. The bar is now closed.

    REBECCA EVERETT The Peter Pan Cafe at 46 Pleasant St. in Easthampton was seized by the state Department of Revenue for nonpayment of taxes. The bar is now closed. Purchase photo reprints »

  • CAROL LOLLIS

    CAROL LOLLIS Purchase photo reprints »

Russia says oil slump, sanctions are costing it billions

Monday, November 24, 2014

MOSCOW — International sanctions and slumping oil prices are costing Russia well over $100 billion a year, a top official acknowledged Monday. “We are losing about $40 billion a year because of geopolitical sanctions and about $90 (billion) to $100 billion due to a 30 percent drop in …

US stocks inch further into record territory

Monday, November 24, 2014

NEW YORK — The stock market eked out another record close Monday as investors remained confident that stimulus from central banks would revive global growth. Retail stocks rose ahead of the crucial holiday season. Stocks have surged following …

White House backs off alternative fuels

Monday, November 24, 2014

WASHINGTON — As biotech masterminds and venture capitalists scramble to hatch a new generation of environmentally friendly fuels that can help power the average gasoline-burning car, they are confronting an unexpected obstacle: the White House. Yielding to pressure from oil companies, car manufacturers and even driving enthusiasts, the …

Order up: Jerry’s Place reopens after a month of repairs

Monday, November 24, 2014

SOUTH DEERFIELD — Bacon is sizzling and spatulas are flying for the first time in almost a month at Jerry’s Place. Deerfield Selectman David Wolfram and his wife, Mary, were among some of the first hungry patrons to step through the familiar Elm Street doors into the newly …

State approves 29 percent rate increase sought by Western Massachusetts Electric Co.

Friday, November 21, 2014

BOSTON (AP) — State regulators have approved a 29 percent rate increase sought by Western Massachusetts Electric Co., which serves about 200,000 customers in Western Massachusetts. WMECo has said the rate increase would take effect Jan. 1 and remain in effect for six months. It would raise the …

Senate probes soaring prices of generic drugs

Thursday, November 20, 2014

WASHINGTON — Some low-cost generic drugs that have helped restrain health care costs for decades are seeing unexpected price spikes of up to 8,000 percent, prompting a backlash from patients, pharmacists and now Washington lawmakers. A Senate panel …

Dow, S&P 500 edge back up to record highs

Thursday, November 20, 2014

U.S. stocks rebounded Thursday, sending the Dow Jones industrial average and Standard & Poor’s 500 index back into record territory. It was the second record-high close for the Dow this week and the third for the S&P 500. …

After 20-year hiatus, Alfa Romeo officially back in the US

Thursday, November 20, 2014

LOS ANGELES — Alfa Romeo is back in the U.S. after a 20-year hiatus. This week dealerships are starting to receive shipments of the low-volume 4C sports car, which starts at $53,900, said Reid Bigland, head of the brand in North America. The plan is to provide eight …

MGM, Wynn to take on $1 billion debt for casino projects

Thursday, November 20, 2014

LAS VEGAS (AP) — Two Las Vegas-based casino companies announced plans Thursday to take on at least $1 billion in debt to help pay for new casino-hotel developments in Massachusetts and cover other incidental costs. MGM Resorts International and Wynn Resorts Ltd. disclosed their plans in separate financial …

Regional auction lists livestock prices

Thursday, November 20, 2014

The Northampton Co-op Auction Inc. lists Tuesday prices: Calves: 0 to 60 lbs., $43 to $63; 61-75 lbs., $20 to $78; 76-95 lbs., $40 to $85; 96-105 lbs., $78 to $97; 106 lbs. & up, $80 to $90; farm calves, $100 to $450; start calves, $41 to $300; …