Daily Hampshire Gazette - Established 1786
Cloudy
33°
Cloudy
Hi 35° | Lo 25°

Business & Money

Chrysler gives in to government, expands air bag recall

Saturday, December 20, 2014

DETROIT — After resisting for nearly a month, Chrysler has bowed to government demands and will expand a recall of driver’s side air bag inflators across the nation. The automaker said Friday that it will recall nearly 2.9 million older cars and trucks in the U.S., as demanded by the National Highway Traffic Safety Administration. The vehicles have driver’s air bags equipped with inflators made by Japan’s Takata Corp. that …

US stocks close big two-day rally

Friday, December 19, 2014

NEW YORK — Oil and gas companies led the stock market up Friday, helping the Standard & Poor’s 500 index notch its second-best week this year. With little news to give them direction, traders continued to push indexes higher. That extended a rally from Wednesday when the Federal Reserve said it was in …

Obama faults Sony decision to cancel ‘Interview’ release

Friday, December 19, 2014

WASHINGTON — President Barack Obama criticized Sony Pictures Entertainment on Friday for retreating on a film that seemingly instigated a devastating cyberattack now blamed on the North Korean government. Amid escalating concerns over porous U.S. electronic security, the FBI said it had amassed evidence linking North Korea to the massive hack. Obama denounced the cross-border assault even as he said Sony “made a …

Try shop.gazettenet.com ...(full comment)

Daily Deals debuts Tuesday on GazetteNET

I don't know if it's me, my computer or what, but I usually have difficulty getting the gift certificate web page. I've...(full comment)

Daily Deals debuts Tuesday on GazetteNET
  • JERREY ROBERTS
Tim Brennan stands near Union Station in Northampton Thursday where a train platform is being built.

    JERREY ROBERTS Tim Brennan stands near Union Station in Northampton Thursday where a train platform is being built. Purchase photo reprints »

  • YOSHITAKA HAMADA
the signage of the Wanczyk Evergreen Nursery and Christmas trees are seen in Hadley, Friday, Dec. 19, 2014.

    YOSHITAKA HAMADA the signage of the Wanczyk Evergreen Nursery and Christmas trees are seen in Hadley, Friday, Dec. 19, 2014. Purchase photo reprints »

  • YOSHITAKA HAMADA
(L-R) Gerard Peters, of Easthampton, Tricia Dandrea and Matthew Watkins, of Leeds, laugh as they have a conversation during a holiday luncheon hosted by National Honor Society at the Oliver Smith Restaurant at the Smith Vocational and Agricultural High School Thursday, Dec. 11, 2014.

    YOSHITAKA HAMADA (L-R) Gerard Peters, of Easthampton, Tricia Dandrea and Matthew Watkins, of Leeds, laugh as they have a conversation during a holiday luncheon hosted by National Honor Society at the Oliver Smith Restaurant at the Smith Vocational and Agricultural High School Thursday, Dec. 11, 2014. Purchase photo reprints »

  • YOSHITAKA HAMADA
Construction workers build a train platform for an Amtrak service that starts Dec. 29 at the Union Station Tuesday, Dec. 16, 2014.

    YOSHITAKA HAMADA Construction workers build a train platform for an Amtrak service that starts Dec. 29 at the Union Station Tuesday, Dec. 16, 2014. Purchase photo reprints »

  • JERREY ROBERTS
John Pastorello, of South Hadley, changes a fuse amid his Christmas Light display Monday in the backyard of his home that faces McKinley Avenue.

    JERREY ROBERTS John Pastorello, of South Hadley, changes a fuse amid his Christmas Light display Monday in the backyard of his home that faces McKinley Avenue. Purchase photo reprints »

  • CAROL LOLLIS
Crosswalk of Henshaw and Elm in Northampton.

    CAROL LOLLIS Crosswalk of Henshaw and Elm in Northampton. Purchase photo reprints »

Medical pot cultivation site dropped in South Hadley over lease dispute

Friday, December 12, 2014

SOUTH HADLEY — A proposed medical marijuana cultivation facility that had won town approval and seemed on track to occupy space in South Hadley will not be built. Instead, Patriot Care Corp., which had signed a lease with Lakestar Properties, is nearing a deal to grow its product …

Tickets now available for Amtrak trains stopping in Northampton and Greenfield beginning Dec. 29

Friday, December 12, 2014

All aboard! With train service to and from New York — as well as Essex Junction and St. Albans, Vermont — in a little over two weeks, the times and fares for those trains have been made available by Amtrak. According to a new Amtrak schedule that takes …

Japan runs short on butter as dairy farms dwindle

Friday, December 12, 2014

TOKYO — When Japanese pose for pictures, instead of saying “Cheese!” some say “Butter!” These days, butter is more likely cause for frowning, since it is rationing that comes to mind. As the Christmas Eve cake rush approaches, …

Shopping ‘angel’ pays strangers’ layaway bills at Bellingham store

Friday, December 12, 2014

BELLINGHAM — Shoppers at an eastern Massachusetts toy store got an early Christmas present: all their layaway bills totaling $20,000 were paid off by an anonymous woman dubbed a “layaway angel.” Employees at the Toys R Us in Bellingham, about 40 miles southwest of Boston, told The Milford …

US stocks plunge Friday as oil price rout continues

Friday, December 12, 2014

NEW YORK — What a difference a week makes. Seven days after closing at record levels on the back of a strong employment report, the stock market slumped to its worst weekly loss in two and a half …

Holyoke considers demolishing old, unstable hotel site

Friday, December 12, 2014

HOLYOKE — Holyoke officials are deciding what to do with a former hotel after the building partially collapsed. Officials say sections of the exterior brick wall of the now-vacant 134-year-old Essex House gave way Thursday with some debris falling on the roof of an adjacent beauty salon. No …

How did big banks get big DC win?

Friday, December 12, 2014

WASHINGTON — The rollback this week of a key part of Wall Street regulation adopted after the 2008 financial collapse caught much of Washington by surprise, creating an uproar among liberals who called it a payoff to big banks, threatening to derail a bipartisan budget agreement, and almost …

Market Basket deal completed, family feud ends

Friday, December 12, 2014

TEWKSBURY — A New England supermarket chain chief executive who was ousted earlier this year but returned after a worker revolt has completed an ownership deal that ends a family feud over control of the company. Market Basket CEO Arthur T. Demoulas and his family announced Friday that …

Wealth gap between whites, minorities growing, Pew study finds

Friday, December 12, 2014

An unequal economic recovery has helped create the largest wealth gap between minorities and whites in more than a decade, a new report found. The gap has grown, as white Americans — who are more likely to own stocks — rode surging financial markets to greater wealth, the …

Easthampton Savings Bank announces plan to acquire Citizens National Bank

Thursday, December 11, 2014

EASTHAMPTON — Easthampton Savings Bank announced Thursday that it plans to merge with a small Connecticut bank. Under the agreement, which needs regulatory approval, the bank’s parent company, ESB Bancorp, will acquire Citizens National Bancorp, the holding company for the Citizens National Bank, in a transaction valued at …