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Business & Money

US stocks slide again, following global slump

Thursday, February 11, 2016

Jitters over the global economy and steep declines in bank stocks knocked U.S. stocks lower for the fourth day in a row Thursday. The slide in the U.S. followed large losses all around the world and left all three major U.S. indexes down at least 10 percent since the beginning of the year. The latest slump reflected heightened concerns that global economic growth is slowing, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy in testimony to Congress Thursday. “A lot of people are having trouble assessing the true value of stocks,” said J.J. Kinahan, TD Ameritrade’s chief strategist. “What …

Stocks’ early rally fades

Wednesday, February 10, 2016

The Federal Reserve’s latest signals on interest rates gave U.S. stocks a lift for much of Wednesday, but the rally didn’t last. A sell-off in the final minutes of trading knocked the Dow Jones industrial average and the Standard & Poor’s 500 index slightly into the red. The slide extended a three-day losing …

Fed chair: Global woes likely to slow rate hikes

Wednesday, February 10, 2016

WASHINGTON — Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy’s growth and slow the pace of Fed interest rate hikes. But Yellen made clear that the Fed won’t likely find it necessary to cut rates after having raised them from record lows …

  • CAROL LOLLIS
Alyssa Varney,13, of Easthampton, works on a presentation with other students and Judith Breier as part of a Free the Children Program at White Brook Middle Middle school in Easthampton.

    CAROL LOLLIS Alyssa Varney,13, of Easthampton, works on a presentation with other students and Judith Breier as part of a Free the Children Program at White Brook Middle Middle school in Easthampton. Purchase photo reprints »

  • CAROL LOLLIS
 Joann Holmes reads a letter that her son Zachary wrote to her from jail at their home in   Belchertown Monday night.

    CAROL LOLLIS Joann Holmes reads a letter that her son Zachary wrote to her from jail at their home in Belchertown Monday night. Purchase photo reprints »

  • 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 »

Report: Climate change threatens NE food fish

Wednesday, February 3, 2016

PORTLAND, Maine — Fish and shellfish that humans rely on for food and that are important to the economy are on a list of Northeastern marine species considered most vulnerable to climate change, a federal government report released Wednesday and published by the journal PLOS ONE said. The …

Regional auction lists livestock prices

Wednesday, February 3, 2016

The Northampton Co-op Auction Inc. lists Tuesday prices: Calves: $5 to $85; Growers: $100 to $220; Started: none; Veal: $98 to $115; Feeders: $64 to $110; Heifers: $58 to $81; Steers: $84 to $85; Bulls: $85; Canners: $30 to $73.50; Cutters: $74.50 to $85; Utility: $86.50 to $97; …

Energy surge lifts stocks

Wednesday, February 3, 2016

NEW YORK — Stocks staged a rapid comeback in late-afternoon trading to close solidly higher Wednesday, helped by a surge in the price of oil and a decline in the U.S. dollar. Chipotle Mexican Grill fell as the …

Ind. culture war worries business

Wednesday, February 3, 2016

INDIANAPOLIS — Downtown Indianapolis was once so desolate that men armed with shotguns hunted pigeons on Sundays among empty buildings and a trash-strewn river canal. Now the urban center boasts hotels, restaurants, theaters, a 3-mile canal walk and …

Mercantile will close Northampton store Saturday, with Amherst shop to follow after liquidation sale

Wednesday, February 3, 2016

NORTHAMPTON — The Mercantile, a longtime gift store often described as a hippie boutique, and a fixture on Main Street since 1982, will have its final day of business Saturday. And when owners Dan and Elizabeth Neville of …

Freight railroads to miss safety deadline

Tuesday, February 2, 2016

WASHINGTON — Three of the biggest freight railroads operating in the U.S. have told the government they won’t meet a 2018 deadline to start using safety technology intended to prevent accidents like the deadly derailment of an Amtrak …

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 …