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Business & Money

Costco delays credit card switch

Friday, February 5, 2016

SEATTLE — Costco’s switch from American Express to Visa is being pushed back to this summer. Costco Wholesale had previously announced that the switch in the only credit card it will accept in its U.S. stores would happen in April. It’s now saying that transition will happen in June or by mid-summer. For years, Amex had been the Seattle-area retail giant’s credit card network and the issuer of its co-branded …

Congress unites in scorn for Shkreli, but gridlock remains

Friday, February 5, 2016

WASHINGTON — A smirking Martin Shkreli briefly united Democrats and Republicans on Capitol Hill this week, as lawmakers took turns blasting the price-hiking former CEO who has become the new poster child for corporate greed. But the gridlocked state of Congress virtually assures federal efforts to lower drug prices will remain in limbo …

Lawsuit challenges tribal reservation decision

Friday, February 5, 2016

TAUNTON, Mass. — A group of Massachusetts residents is challenging the federal government’s decision to grant the Mashpee Wampanoag tribe reservation lands to build a casino. The lawsuit filed Thursday in Boston federal court argues the U.S. Department of the Interior is not authorized to take lands into trust for tribes recognized after 1934 because of a 2009 Supreme Court ruling. The Mashpee …

  • CAROL LOLLIS
Allison Johndrow,13, puts on the finishing touches to a snow man she and her brother,   Luke,10 Johndrow of Westhampton,built in their yard Friday morning.

    CAROL LOLLIS Allison Johndrow,13, puts on the finishing touches to a snow man she and her brother, Luke,10 Johndrow of Westhampton,built in their yard Friday morning. Purchase photo reprints »

  • KEVIN GUTTING
Wielding an umbrella for some protection against the wet spring-like snow, Yao Wu makes her way to work at the Smith College Museum of Art in Northampton on Friday morning during a snowstorm that dropped about 4 inches on the area and caught many residents by surprise.

    KEVIN GUTTING Wielding an umbrella for some protection against the wet spring-like snow, Yao Wu makes her way to work at the Smith College Museum of Art in Northampton on Friday morning during a snowstorm that dropped about 4 inches on the area and caught many residents by surprise. Purchase photo reprints »

  • DAN LITTLE
Zachary Holmes, 21, center, during a hearing to determine his release from jail Friday at Hampshire Superior Court in Northampton.

    DAN LITTLE Zachary Holmes, 21, center, during a hearing to determine his release from jail Friday at Hampshire Superior Court in Northampton. Purchase photo reprints »

  • CAROL LOLLIS
Jamie Smith,11, chooses glass pieces during an art class taught by Leslie di Curcio Marra with Cynthia Fisher as part of an arts in residency program on mosaic's at Norris Elementary School in Southampton.

    CAROL LOLLIS Jamie Smith,11, chooses glass pieces during an art class taught by Leslie di Curcio Marra with Cynthia Fisher as part of an arts in residency program on mosaic's at Norris Elementary School in Southampton. Purchase photo reprints »

  • JERREY ROBERTS
UMass Physical Plant, Thursday.

    JERREY ROBERTS UMass Physical Plant, Thursday. Purchase photo reprints »

  • JERREY ROBERTS
Michael Marcotrigiano, who is the director of the Botanic Garden of Smith College, points to a geological timeline that corresponds to a series of eight murals that line the wall behind him that depict plant life through the ages, Monday, Jan. 11, at Lyman Plant House.

    JERREY ROBERTS Michael Marcotrigiano, who is the director of the Botanic Garden of Smith College, points to a geological timeline that corresponds to a series of eight murals that line the wall behind him that depict plant life through the ages, Monday, Jan. 11, at Lyman Plant House.

Stocks crushed again by falling oil

Tuesday, February 2, 2016

NEW YORK — Another steep drop in the price of oil weighed on global markets Tuesday. Investors remained deeply concerned about the global economy following this week’s disappointing Chinese and U.S. manufacturing data. Energy stocks fell as oil …

Papers detail drugmakers’ pricing decisions

Tuesday, February 2, 2016

Federal lawmakers have released excerpts from thousands of documents detailing how two drugmakers hiked prices to squeeze more money from some life-saving medicines, a practice that has sparked public outrage. A congressional review of more than 300,000 pages …

Stocks slip as energy prices plunge

Monday, February 1, 2016

NEW YORK — The stock market was able to recover from steep losses to close slightly lower on Monday as investors looked past another drop in the price of oil and renewed concerns about U.S. and Chinese economic …

Abbott to buy medical test provider

Monday, February 1, 2016

NEW YORK (AP) — Abbott Laboratories will buy Alere for $4.8 billion as it tries to expand its medical-testing business. The deal is worth $5.8 billion when restricted stock, stock options and preferred shares are included, the company …

Mohawk Fine Papers continues adding workers to envelope-folding plant in South Hadley

Sunday, January 31, 2016

SOUTH HADLEY — Two or three tractor-trailer trucks loaded with rolls and large sheets of paper pull up to the loading dock at one end of the Mohawk Fine Papers envelope-folding plant at 28 Gaylord St. each week. …

Owner of World Eye Bookshop in Greenfield adjusts to slower sales

Sunday, January 31, 2016

GREENFIELD — Eight months after the owner of World Eye Bookshop on Main Street held a week-long campaign to sell $15,000 worth of merchandise to keep her store from going out of business, she says sales are still …

Lumberjack now an endangered species in northern New England and other forested areas

Sunday, January 31, 2016

GREENSBORO, Vt. — In the snowy woods of northern New England and other forested parts of the country, the lumberjack is an endangered species. As high-tech machinery replaces chain saws, which themselves replaced the ax, a generations-old way …

Area business briefs

Sunday, January 31, 2016

New office space opens, offering scholarship HADLEY — Local entrepreneur Terra Missildine will hold a grand opening Feb. 13 for Cultivate and Nest, a co-office space in Hadley that incorporates on-site child care. In conjunction with the grand …

AREA PROPERTY DEED TRANSFERS

Sunday, January 31, 2016

For the week ending January 22, 2016 Amherst Lillian B. Scott to Rodrigo Afonso Zamith, 71 Spaulding St., Amherst, $163,000. Virginia Lewis to Jennifer K. Mendelsohn, Neil E. Mendelsohn, Gray St Extension, Gray St., Amherst, $100,000. Richard Seymour Bogartz to Richard S. Bogartz Revocable Trust, Richard S. Bogartz, …

New rail link to Maine waterfront could revive port

Sunday, January 31, 2016

PORTLAND, Maine — Freight trains are rolling through New England carrying the first-ever shipping containers loaded on the Portland waterfront. The new train service is the product of years of planning and millions in public and private investment, with the goal of connecting this once-thriving port by rail …