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Business & Money

Chrysler gives in to government, expands air bag recall

Saturday, December 20, 2014

DETROIT — After resisting for nearly a month, Chrysler has bowed to government demands and will expand a recall of driver’s side air bag inflators across the nation. The automaker said Friday that it will recall nearly 2.9 million older cars and trucks in the U.S., as demanded by the National Highway Traffic Safety Administration. The vehicles have driver’s air bags equipped with inflators made by Japan’s Takata Corp. that …

US stocks close big two-day rally

Friday, December 19, 2014

NEW YORK — Oil and gas companies led the stock market up Friday, helping the Standard & Poor’s 500 index notch its second-best week this year. With little news to give them direction, traders continued to push indexes higher. That extended a rally from Wednesday when the Federal Reserve said it was in …

Obama faults Sony decision to cancel ‘Interview’ release

Friday, December 19, 2014

WASHINGTON — President Barack Obama criticized Sony Pictures Entertainment on Friday for retreating on a film that seemingly instigated a devastating cyberattack now blamed on the North Korean government. Amid escalating concerns over porous U.S. electronic security, the FBI said it had amassed evidence linking North Korea to the massive hack. Obama denounced the cross-border assault even as he said Sony “made a …

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  • JERREY ROBERTS
Tim Brennan stands near Union Station in Northampton Thursday where a train platform is being built.

    JERREY ROBERTS Tim Brennan stands near Union Station in Northampton Thursday where a train platform is being built. Purchase photo reprints »

  • YOSHITAKA HAMADA
the signage of the Wanczyk Evergreen Nursery and Christmas trees are seen in Hadley, Friday, Dec. 19, 2014.

    YOSHITAKA HAMADA the signage of the Wanczyk Evergreen Nursery and Christmas trees are seen in Hadley, Friday, Dec. 19, 2014. Purchase photo reprints »

  • YOSHITAKA HAMADA
(L-R) Gerard Peters, of Easthampton, Tricia Dandrea and Matthew Watkins, of Leeds, laugh as they have a conversation during a holiday luncheon hosted by National Honor Society at the Oliver Smith Restaurant at the Smith Vocational and Agricultural High School Thursday, Dec. 11, 2014.

    YOSHITAKA HAMADA (L-R) Gerard Peters, of Easthampton, Tricia Dandrea and Matthew Watkins, of Leeds, laugh as they have a conversation during a holiday luncheon hosted by National Honor Society at the Oliver Smith Restaurant at the Smith Vocational and Agricultural High School Thursday, Dec. 11, 2014. Purchase photo reprints »

  • YOSHITAKA HAMADA
Construction workers build a train platform for an Amtrak service that starts Dec. 29 at the Union Station Tuesday, Dec. 16, 2014.

    YOSHITAKA HAMADA Construction workers build a train platform for an Amtrak service that starts Dec. 29 at the Union Station Tuesday, Dec. 16, 2014. Purchase photo reprints »

  • JERREY ROBERTS
John Pastorello, of South Hadley, changes a fuse amid his Christmas Light display Monday in the backyard of his home that faces McKinley Avenue.

    JERREY ROBERTS John Pastorello, of South Hadley, changes a fuse amid his Christmas Light display Monday in the backyard of his home that faces McKinley Avenue. Purchase photo reprints »

  • CAROL LOLLIS
Crosswalk of Henshaw and Elm in Northampton.

    CAROL LOLLIS Crosswalk of Henshaw and Elm in Northampton. Purchase photo reprints »

Russians shoppers flock to stores to beat price rises

Wednesday, December 17, 2014

MOSCOW — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days. As the …

NY to ban fracking

Wednesday, December 17, 2014

ALBANY, N.Y. — Handing environmentalists a breakthrough victory, New York plans to prohibit fracking for natural gas because of what regulators say are its unexplored health risks and dubious economic benefits. New York, which overlies part of the …

State approves tax deal for Mohawk Fine papers envelope plant in South Hadley

Wednesday, December 17, 2014

SOUTH HADLEY — Mohawk Fine Papers moved a step closer to bringing up to 37 manufacturing jobs to South Hadley by winning unanimous approval Wednesday from the Massachusetts Office of Business Development Economic Assistance Coordinating Council for a tax incentive crafted by the town. The company announced last …

State grant expands precision-machinist training in Franklin and Hampshire counties

Wednesday, December 17, 2014

GREENFIELD — With a $276,705 state grant, Greenfield Community College and Franklin County Technical School will be able to continue to offer its precision-machinist training over the next two years as well expand offerings to include blueprint reading, metrology, grinding and lean manufacturing. A total of 56 adults …

Stocks end up falling on roller-coaster day

Tuesday, December 16, 2014

NEW YORK — Sudden twists in the price of oil and currency trading turned the stock market into a roller-coaster ride on Tuesday. Major indexes opened lower as falling oil prices and a plunge in the Russian ruble …

Russia’s financial crisis becomes global threat

Tuesday, December 16, 2014

WASHINGTON — Russia’s suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia’s shriveled currency, …

Sony hackers cite 9/11 in new threats against theaters

Tuesday, December 16, 2014

NEW YORK — Hackers calling themselves Guardians of Peace made ominous threats Tuesday against movie theaters showing Sony Pictures’ film “The Interview” that referred to the terrorist attacks of September 11, 2001. The group also released a trove …

HitPoint Studios, successful gaming company, leaves Amherst for Springfield

Tuesday, December 16, 2014

AMHERST — With its move to Springfield next week, an Amherst company that has developed online video games for Facebook and smartphones is poised to launch its own channel from which gamers can select the new content they wish to play. The relocation of HitPoint Studios is prompted …

Apple wins iPod pricing suit

Tuesday, December 16, 2014

OAKLAND, Calif. — A federal jury decided Tuesday that Apple didn’t compete unfairly when it sold music players and songs with copy-protection software that was incompatible with rival devices and music from competing online stores. The eight-member jury …

Ex-workers sue over data breach

Tuesday, December 16, 2014

NEW YORK (AP) — Sony Pictures Entertainment now faces two lawsuits from four former employees who claim the company did not do enough to prevent hackers from stealing nearly 50,000 social security numbers, salary details and other personal …