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Business & Money

Electric rate shock even worse than expected for some

Thursday, March 26, 2015

This has been a hard winter for many, not only because of historically cold temperatures, but also because they’ve seen electric bills shoot through the roof. The heart of the problem is the generation rate, or supply rate, that represents local utilities’ pass-through cost for the power they distribute to customers. That rate, based on six-month contracts for their purchased power, rose effective Jan. 1 for Eversource Energy (formerly Western …

Heinz acquires Kraft, creating $28B food giant

Wednesday, March 25, 2015

NEW YORK — Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world’s largest food and beverage companies. The deal would bring together an array of …

Markets drop for 3rd day

Wednesday, March 25, 2015

NEW YORK — Investors dumped high-flying technology and biotech companies and sent the stock market down for a third straight day Wednesday. Major indexes drifted lower in early trading, following news that orders for long-lasting U.S. goods sank last month. The selling gathered strength in the afternoon, with companies like Avago Technologies and …

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Daily Deals debuts Tuesday on GazetteNET
  • MICKY BEDELL
Young@Heart chorus member Stephen Martin breaks it down during a rehearsal for Wednesday's "April Fool Show".

    MICKY BEDELL Young@Heart chorus member Stephen Martin breaks it down during a rehearsal for Wednesday's "April Fool Show". Purchase photo reprints »

  • MICKY BEDELL
Various Massachusetts municipal leaders listen to speakers at the annual Municipal Conference on Saturday at the Clarion Hotel and Conference Center in Northampton.

    MICKY BEDELL Various Massachusetts municipal leaders listen to speakers at the annual Municipal Conference on Saturday at the Clarion Hotel and Conference Center in Northampton. Purchase photo reprints »

  • MICKY BEDELL
A
 Smith Vocational and Agricultural High School student Savannah Colon stands between two mannaquins on the schoo's float Sunday at the Holyoke St. Patrick's Parade.

    MICKY BEDELL
A Smith Vocational and Agricultural High School student Savannah Colon stands between two mannaquins on the schoo's float Sunday at the Holyoke St. Patrick's Parade. Purchase photo reprints »

  • MICKY BEDELL
Emmanuel Bile of Pittsfield stands beside his defense attorney, David Pixley, during his trial in Hampshire Superior Court on Friday. Bile is one of four men accused of gang raping a University of Massachusetts Amherst student in her dorm room in October 2012.

    MICKY BEDELL Emmanuel Bile of Pittsfield stands beside his defense attorney, David Pixley, during his trial in Hampshire Superior Court on Friday. Bile is one of four men accused of gang raping a University of Massachusetts Amherst student in her dorm room in October 2012. Purchase photo reprints »

  • CAROL LOLLIS
Mayor David J. Narkewicz, in Pulaski Park Friday, is making a pitch for a large Community Preservation Act grant to fund a transformation of the park..

    CAROL LOLLIS Mayor David J. Narkewicz, in Pulaski Park Friday, is making a pitch for a large Community Preservation Act grant to fund a transformation of the park.. Purchase photo reprints »

  • MICKY BEDELL
University of Massachusetts Amherst’s Office of Emergency Management, Police Department, Environmental Health and Safety and affiliated partners participate in a full-scale active threat exercise at the campus's Franklin Dining Commons on Thursday, March 19. The exercise was funded by a $106,500 grant from the Massachusetts Executive Office of Public Safety and Security.

    MICKY BEDELL University of Massachusetts Amherst’s Office of Emergency Management, Police Department, Environmental Health and Safety and affiliated partners participate in a full-scale active threat exercise at the campus's Franklin Dining Commons on Thursday, March 19. The exercise was funded by a $106,500 grant from the Massachusetts Executive Office of Public Safety and Security. Purchase photo reprints »

Biogen shares soar on Alzheimer’s drug

Saturday, March 21, 2015

Biogen Idec released much anticipated results from a study of a potential Alzheimer’s disease treatment on Friday, showing that it slowed cognitive decline in some patients. In December, the biotechnology company said the developing drug aducanumab reduced a type of plaque in the brain believed to play a …

US stocks rise on rebound in oil

Saturday, March 21, 2015

NEW YORK — Stocks advanced Friday, capping a strong week, helped by a recovery in the price of oil and earnings from Olive Garden owner Darden Restaurants and sportswear giant Nike. The Nasdaq composite index inched closer to …

FDA says GMO apples, potatoes are safe to eat

Saturday, March 21, 2015

The Food and Drug Administration on Friday gave its blessing to two new varieties of genetically engineered apples and six varieties of potatoes also created by genetic alteration. The agency called the new strains of apples and potatoes “as safe and nutritious as their conventional counterparts,” a finding …

Richard Boyle of Autumn Management sells Valley Apartments in Easthampton for $7.25 million

Friday, March 20, 2015

EASTHAMPTON — The Valley Apartments complex on Route 10 owned by Autumn Management has been sold for $7.25 million, according to David Ryan, the real estate agent who handled the sale. The 104-unit complex was purchased by Kuber Krupa LLC, owned by Easthampton businessman Naresh Patel, in a …

Carmakers are in hot pursuit of fleet sales to law enforcement agencies

Friday, March 20, 2015

By David Undercoffler Los Angeles Times (TNS) LOS ANGELES — Fleet sales are an important part of U.S. automakers’ bottom lines, and none have more cachet or higher visibility than a contract with a law enforcement agency. In addition to producing a reliable source of revenue, being chosen …

Stocks sink as crude oil prices resume slide

Thursday, March 19, 2015

NEW YORK — Another drop in oil prices helped drive the stock market to a loss on Thursday, as major indexes gave up their gains from the day before. Chevron, Exxon Mobil and other energy companies led stocks …

Conn. panel OKs tribal casino bill

Thursday, March 19, 2015

HARTFORD, Conn. (AP) — A bill that would authorize Connecticut’s two federally recognized tribes to open up to three jointly run, smaller-scale casinos cleared a key hurdle Thursday. The General Assembly’s Public Safety and Security Committee voted 15-to-8 in favor of the legislation, which is being pushed by …

New Bedford reaches deal to vie for southeast casino

Thursday, March 19, 2015

BOSTON — New Bedford is all-in as it vies for the state’s final gambling license. Mayor Jon Mitchell and the developers proposing a $650 million waterfront casino announced a deal Thursday, prompting state regulators to grant the company until May 4 to secure financial commitments and other requirements …

Stocks, bonds rally on Fed’s cautious signals

Wednesday, March 18, 2015

NEW YORK — The Federal Reserve surprised financial markets on Wednesday with a cautious outlook on the economy, pushing stocks and bonds sharply higher. After wrapping up a two-day meeting, Fed policymakers left open the possibility of a …

Fed seeks further job gains before rate hike

Wednesday, March 18, 2015

WASHINGTON — After holding interest rates at record lows for more than six years, the Federal Reserve still isn’t ready to start raising them. The Fed signaled Wednesday that it needs the job market to improve further and …