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Business & Money

FILE - In this May 11, 2007, file photo, a Wall Street sign is mounted near the flag-draped facade of the New York Stock Exchange. Stocks are heading lower in early trading Wednesday, Oct. 1, 2014, putting the market on course for its third loss in a row. (AP Photo/Richard Drew, File)

Stocks tumble on Ebola fears, economic news

Wednesday, October 1, 2014

NEW YORK — Financial markets got off to a rough start in October as disappointing economic news and Ebola fears drove stocks lower. The Dow Jones industrial average slumped more than 200 points Wednesday, the first day of trading in a month known for big market swings. Nervous investors shifted their money to havens like bonds and gold. At first …

Audit says feds overpaid state $106M for Medicaid

Wednesday, October 1, 2014

BOSTON — A federal audit released Wednesday said the U.S. government overpaid Massachusetts nearly $106 million for Medicaid reimbursements, and recommends that the state be ordered to refund the money. The report, from the inspector general’s office of the U.S. Department of Health and Human Services, determined the state incorrectly calculated reimbursement rates for adjusted claims submitted between October 2008 and December 2010. …

New York Post settles lawsuit over ‘Bag Men’ cover

Wednesday, October 1, 2014

BOSTON — The New York Post has settled a defamation lawsuit over a cover three days after the Boston Marathon bombing that featured a photo of two Massachusetts residents with the headline “Bag Men.” Neither side would disclose terms of the settlement. A document filed in Suffolk Superior Court late last week said only that the two sides have stipulated to dismissal of …

Great invitation to community members. I now live in Florida and, so, cannot attend the games of my granchildren anymore. You made...(full comment)

Elizabeth Rockett Volkmann: Let yourself get bitten by the Northampton High soccer bug

Now where is my fly swatter? Adios, little twit. ...(full comment)

John Sheirer: Why we must stop the excesses of this liberal president!
  • YOSHITAKA HAMADA
Jacob Laprade, 17, an Easthampton High School senior, left, Nancy Dunn, an Easthampton High School faculty member and S.A.D.D. advisor, center, and Bryan Delaney, 17, an Easthampton High School senior, right, say the concert will go on rain or shine.

    YOSHITAKA HAMADA Jacob Laprade, 17, an Easthampton High School senior, left, Nancy Dunn, an Easthampton High School faculty member and S.A.D.D. advisor, center, and Bryan Delaney, 17, an Easthampton High School senior, right, say the concert will go on rain or shine. Purchase photo reprints »

  • KEVIN GUTTING
Smith College trustee Sanford Belden, right, and WGBY general manager Russell Peotter chat during a community breakfast in the Smith College Conference Center on Wednesday.

    KEVIN GUTTING Smith College trustee Sanford Belden, right, and WGBY general manager Russell Peotter chat during a community breakfast in the Smith College Conference Center on Wednesday. Purchase photo reprints »

  • YOSHITAKA HAMADA
Jowel Iranzi speaks to students at  Smith Vocational and Agricultural High School in Northampton on Tuesday. Iranzi is a survivor of genocides and political violence in Africa and now works for the Jewish Family Services of Western Massachusetts.

    YOSHITAKA HAMADA Jowel Iranzi speaks to students at Smith Vocational and Agricultural High School in Northampton on Tuesday. Iranzi is a survivor of genocides and political violence in Africa and now works for the Jewish Family Services of Western Massachusetts. Purchase photo reprints »

  • CAROL LOLLIS
Ross Mcinnis,19, Eli Silvia,19, Zack Halpryn, 19 and Andrew Petricone,19,talk about the use of students by the Umass police department as confidential informants.

    CAROL LOLLIS Ross Mcinnis,19, Eli Silvia,19, Zack Halpryn, 19 and Andrew Petricone,19,talk about the use of students by the Umass police department as confidential informants. Purchase photo reprints »

  • KEVIN GUTTING
Scott Lively, second from right, takes his turn answering a question from moderator Jim Madigan, back to audience, during a debate among the five candidates for governor held at City Stage in Springfield on Monday. From left are Republican Charles Baker, Democrat Martha Coakley and independents Evan Falchuk, Lively and Jeff McCormick.

    KEVIN GUTTING Scott Lively, second from right, takes his turn answering a question from moderator Jim Madigan, back to audience, during a debate among the five candidates for governor held at City Stage in Springfield on Monday. From left are Republican Charles Baker, Democrat Martha Coakley and independents Evan Falchuk, Lively and Jeff McCormick. Purchase photo reprints »

  • CAROL LOLLIS
Tim Luce, principal at Maple school in Easthampton who recently retired,  says hello to students in Susan Syer's second grade class during a visit.

    CAROL LOLLIS Tim Luce, principal at Maple school in Easthampton who recently retired, says hello to students in Susan Syer's second grade class during a visit. Purchase photo reprints »

Casino backers ramp up spending

Monday, September 22, 2014

BOSTON — A casino-financed group seeking to defeat a November ballot question to repeal the state’s expanded gambling law is ramping up its campaign spending. The Coalition to Protect Massachusetts Jobs spent $702,000 from Sept. 1-15, according to the group’s most recent campaign finance filing. That’s up from …

Critics spend heavily in bottle bill fight

Monday, September 22, 2014

BOSTON (AP) — Opponents of a proposed expansion of the state’s bottle deposit law have poured another $2.4 million into a campaign to defeat the November ballot question. The opponents, which includes supermarkets and the Washington-based American Beverage Association — had already spent $5.4 million to help pay …

Dealership’s luxury vehicles burn

Monday, September 22, 2014

SUDBURY — Fifteen luxury vehicles were destroyed and five others were damaged in a massive fire Monday at a Sudbury auto dealership. There were no reports of injuries. The fire at a lot at Herb Chambers Land Rover and Jaguar on Route 20 was reported by a passer-by …

NY casino plans aired

Monday, September 22, 2014

COLONIE, N.Y. — Supporters and critics of proposals for an Albany-area casino weighed in Monday at the first of three days of public hearings on casinos planned for upstate New York. A state board reviewing 16 casino applications …

China, US, India push world carbon emissions up last year

Sunday, September 21, 2014

WASHINGTON — Spurred chiefly by China, the United States and India, the world spewed far more carbon pollution into the air last year than ever before, scientists announced Sunday as world leaders gather to discuss how to reduce …

Stocks hit record highs on growing economy

Friday, September 19, 2014

NEW YORK — More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the stock market climbed to another record high. The gains came a day after the Fed made clear that …

Analyst: Mohegan Sun faces peril

Friday, September 19, 2014

BOSTON — Mohegan Sun faces financial peril after losing out to Wynn Resorts in its bid to open a casino in the Boston-area, a Moody’s Investor Service analysis warns. In a note to investors Wednesday, analyst Keith Foley said the loss “heightens our concerns” about the Mohegan Tribal …

General Mills to close two plants

Thursday, September 18, 2014

A day after General Mills Inc. said it would begin $100 million in new cost reductions due to flagging sales, it announced the closing of two manufacturing plants in California and Massachusetts. The Golden Valley, Minn.-based company expects to close a cereal factory in Lodi, Calif., near the …

56 million ‘unique’ payment cards said compromised in Home Depot breach

Thursday, September 18, 2014

Home Depot said Thursday that its recent cyber attack put an estimated “56 million unique” credit and debit cards at risk. The company said the security criminals used malware not previously seen in other attacks and that it had been present between April and September of this year. …

Microsoft lays off 2,100

Thursday, September 18, 2014

Microsoft is notifying approximately 2,100 employees Thursday that they’re being laid off in the second round of layoffs since the company announced in July that it would be cutting 18,000 jobs. The cuts are spread across multiple business units and countries, a Microsoft spokeswoman said. The company declined …