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Business & Money

People walk past the Nasdaq Marketsite in New York's Times Square on Tuesday, March 3, 2015. The Nasdaq fell below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. (AP Photo/Seth Wenig)

Stocks fall broadly after Nasdaq passes 5,000

Tuesday, March 3, 2015

NEW YORK — U.S. stocks fell from record highs on Tuesday and the Nasdaq dropped below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. The losses were modest but broad, with eight industry sectors in the Standard and Poor’s 500 index falling. Higher oil prices helped oil drillers and other …

Cape Wind ends lease for New Bedford terminal

Tuesday, March 3, 2015

NEW BEDFORD (AP) — A $4.5 million deal between the state and the developers of a proposed wind farm off Cape Cod to use New Bedford as a staging and construction site has been terminated, a sign critics say is more evidence the project is dead. The Massachusetts Clean Energy Center issued a statement Monday saying the agency and Cape Wind “mutually agreed …

US running out of room to store its extra crude oil

Tuesday, March 3, 2015

NEW YORK — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months. For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels …

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Daily Deals debuts Tuesday on GazetteNET

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Daily Deals debuts Tuesday on GazetteNET
  • JERREY ROBERTS
Sean Nyhan, from left, Matthew Grallert and Brian Gilman make an igloo Sunday on the lawn of the Hampshire County Courthouse. They were among a group of people from Berkshire Trail Elementary School in Cummington. Gilman, who is a fourth grade teacher at the school, said that each year the children make an igloo, but this year they wanted to dedicate it to Donna Jordan, a paraprofessional at the school who is battling cancer, and to her son, Joshua, who died of the disease. Gilman said he hopes it will be used by WRSI 93.9 The River host Monte Belmonte, during his ninth Cancer Connection Campout, an annual fundraiser that begins Wednesday on the courthouse lawn.

    JERREY ROBERTS Sean Nyhan, from left, Matthew Grallert and Brian Gilman make an igloo Sunday on the lawn of the Hampshire County Courthouse. They were among a group of people from Berkshire Trail Elementary School in Cummington. Gilman, who is a fourth grade teacher at the school, said that each year the children make an igloo, but this year they wanted to dedicate it to Donna Jordan, a paraprofessional at the school who is battling cancer, and to her son, Joshua, who died of the disease. Gilman said he hopes it will be used by WRSI 93.9 The River host Monte Belmonte, during his ninth Cancer Connection Campout, an annual fundraiser that begins Wednesday on the courthouse lawn. Purchase photo reprints »

  • KEVIN GUTTING
Williston Northampton School grounds manager Joe Zewinski clears a season's worth of snow from the track at Galbraith Field in Easthampton on Monday. Zewinski says the process takes more than one day and involves several steps to move the snow from the infield to outside the track oval.

    KEVIN GUTTING Williston Northampton School grounds manager Joe Zewinski clears a season's worth of snow from the track at Galbraith Field in Easthampton on Monday. Zewinski says the process takes more than one day and involves several steps to move the snow from the infield to outside the track oval. Purchase photo reprints »

  • JERREY ROBERTS
Kim Carlino talks about her work in her studio at Eastworks Thursday, Jan. 22.

    JERREY ROBERTS Kim Carlino talks about her work in her studio at Eastworks Thursday, Jan. 22. Purchase photo reprints »

  • KEVIN GUTTING
Full sun, temperatures in the mid-20s and calm winds made for a pleasant afternoon for Steve Leiblum and Lennie Ware of Pelham as they walked their dogs Rosa, left, and Red in an area near the Norwottuck Rail Trail south of Amherst College on Friday.

    KEVIN GUTTING Full sun, temperatures in the mid-20s and calm winds made for a pleasant afternoon for Steve Leiblum and Lennie Ware of Pelham as they walked their dogs Rosa, left, and Red in an area near the Norwottuck Rail Trail south of Amherst College on Friday. Purchase photo reprints »

  • JERREY ROBERTS
Bryan Torres, who is an undocumented immigrant who is an Amherst College student, Monday at the college.

    JERREY ROBERTS Bryan Torres, who is an undocumented immigrant who is an Amherst College student, Monday at the college. Purchase photo reprints »

  • CAROL LOLLIS
Northampton residents Andres Wilson and his 3-year-old daughter, Eden Wilson color together at Forbes library in the children's  section Wednesday evening.

    CAROL LOLLIS Northampton residents Andres Wilson and his 3-year-old daughter, Eden Wilson color together at Forbes library in the children's section Wednesday evening. Purchase photo reprints »

Greenfield and Northampton cooperative banks receive final approvals to merge in April

Friday, February 20, 2015

Greenfield Co-operative Bank and Northampton Cooperative Bank have gotten final government approvals to merge in April. The banks announced Thursday that they have received final regulatory approvals from the Federal Reserve Board and the Massachusetts Division of Banks. The banks will complete the legal merger on April 1. …

Utilities lose ground as markets edge lower

Thursday, February 19, 2015

NEW YORK — A slide in shares of utility companies nudged the U.S. stock market lower Thursday. Utilities were the day’s biggest losers, falling 1 percent, and their losses resumed a trend that emerged in late January. Investors …

Greek bailout talks continue

Thursday, February 19, 2015

ATHENS, Greece — Greece heads to another round of negotiations Friday after dropping key demands for a bailout settlement, but still faced stiff opposition from lead lender Germany, which criticized Athens’ latest proposals as a “Trojan horse” designed …

Wal-Mart to pay a little more

Thursday, February 19, 2015

BENTONVILLE, Ark. — Wal-Mart Stores Inc. is hoping its decision to boost workers’ paychecks will help it boost its bottom line. The nation’s largest private employer announced on Thursday that it’s giving a raise to about half-million U.S. …

Stocks edge downward

Wednesday, February 18, 2015

NEW YORK — The U.S. stock market edged mostly lower on Wednesday, easing back from its latest all-time highs. The markets barely budged following the midafternoon release of minutes from the Federal Reserve’s January meeting. The transcript showed …

Feds: Wal-Mart biased in case of lesbian health coverage

Wednesday, February 18, 2015

BOSTON — A federal agency says Wal-Mart discriminated against a lesbian employee who sought health coverage for her ailing wife and has ordered “a just resolution” for violating her civil rights. The U.S. Equal Employment Opportunity Commission ordered the retail giant to work with Jacqueline Cote of New …

Chinese airline adding direct service between Boston, Shanghai

Wednesday, February 18, 2015

BOSTON (AP) — A Chinese airline plans to offer the first nonstop service between Boston and Shanghai. Hainan Airlines and Gov. Charlie Baker made the announcement Wednesday at the Massachusetts Statehouse. Hainan says it will offer three roundtrip flights per week between Boston and Shanghai starting in June …

Gamblers’ optimism? Casino money misses states’ expectations

Wednesday, February 18, 2015

HARTFORD, Conn. — For anyone betting on the Northeast’s casino bonanza, the odds are long on projects hitting financial expectations. In the last several states to open casinos — Ohio, Maryland and Pennsylvania — overall revenue is coming …

Stocks edge higher as S&P marks new record

Tuesday, February 17, 2015

NEW YORK — U.S. stocks closed slightly higher Tuesday as investors continued to monitor talks between Greece and its creditors in hopes that a deal will be reached to keep the country from falling out of the eurozone. …

Reports suggests NSA planted spyware in computers shipped abroad

Tuesday, February 17, 2015

SAN FRANCISCO — Did the National Security Agency plant spyware deep in the hard drives of thousands of computers used by foreign governments, banks and other targets under surveillance abroad? A new report from Russian cybersecurity firm Kaspersky Lab said its researchers identified malicious programs or worms that …