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Business & Money

A trader works at the New York Stock Exchange, Tuesday, Feb. 9, 2016. Stock markets have been in a slump so far this year after a lackluster 2015. Several factors have kept investors in a selling mood, including falling crude oil prices, waning growth in major economies and the prospect of Federal Reserve rate hikes after several years of ultra-easy monetary policy. (AP Photo/Mark Lennihan)

Stocks extend losing streak as oil plunges

Tuesday, February 9, 2016

U.S. stocks extended their three-day losing streak Tuesday, closing slightly lower after spending most of the day wavering between gains and losses. Energy companies led the decline as the price of U.S. crude oil sank nearly 6 percent. It’s now at about $28 a barrel. The market’s bumpy ride followed a slide in European stock indexes and steep losses in …

Companies lose billions buying back own stock

Tuesday, February 9, 2016

NEW YORK — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: Companies that buy their own shares. The companies losing money on these bets are down a collective …

Stocks fall sharply as banks, tech sector are pummeled

Monday, February 8, 2016

Wall Street rode another wave of selling Monday that sent U.S. stocks sharply lower, before a late-afternoon pullback stemmed some of the losses. Investors unloaded materials, financials and other stocks, briefly knocking the Dow Jones industrial average down more than 400 points. Technology shares, which soared last year, were targeted for especially aggressive …

  • JERREY ROBERTS
Margaux Galvin, 7, front right, Saskia Baskin, 8, front left, both of Northampton, and others, practice on the balance beam Tuesday during a class at the Hampshire Regional YMCA.

    JERREY ROBERTS Margaux Galvin, 7, front right, Saskia Baskin, 8, front left, both of Northampton, and others, practice on the balance beam Tuesday during a class at the Hampshire Regional YMCA. Purchase photo reprints »

  • DAN LITTLE
University of Massachusetts student Preston Rowan, 20, competes in the Rail Jam event put on by the UMass Ski and Board Club Friday night in front of the Southwest Residential Area at UMass.

    DAN LITTLE University of Massachusetts student Preston Rowan, 20, competes in the Rail Jam event put on by the UMass Ski and Board Club Friday night in front of the Southwest Residential Area at UMass. Purchase photo reprints »

  • JERREY ROBERTS
Lowell Whitney, of Hadley, sleds with his children, Carter, 10, and Maya, 7, at Hospital Hill in Northampton, Monday.

    JERREY ROBERTS Lowell Whitney, of Hadley, sleds with his children, Carter, 10, and Maya, 7, at Hospital Hill in Northampton, Monday. Purchase photo reprints »

  • DAN LITTLE
Newcomers to tai chi are welcome at Denise Barry's class at the Senior Center in Northampton.

    DAN LITTLE Newcomers to tai chi are welcome at Denise Barry's class at the Senior Center in Northampton. Purchase photo reprints »

  • 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 »

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 …