Business

Business leaders explore creating a new Nashua-based community bank

NASHUA – Citing the absence of a true community bank in Nashua, a group of well-known and highly regarded Nashua-area business leaders today announced a new entity, The CBTBE Corporation. CBTBE is the seed company that will shepherd the development of a new community bank, which will be ...

Teachers report spending more than tax deduction on class supplies

WASHINGTON (AP) – Every year Anna Graven dips into her modest teacher salary and spends her own money to buy bulletin boards, pencils, paper, highlighters and tissues for her high school students in Oklahoma City. So do almost all of her colleagues across the nation. Nearly all public ...

Home Depot’s 1Q same-store sales growth not on point

NEW YORK (AP) – Home Depot reported slower-than-expected sales growth for the first quarter, as spring weather that was colder than usual hurt sales of fertilizer, live plants and other gardening-related items. Sales rose 4.2 percent at all established Home Depot stores during the first ...

Audit: EPA could do more to catch emissions fraud

WASHINGTON (AP) – Federal regulators have stepped up the kind of testing that could have caught years of emissions-rigging by Volkswagen, but need to do more to keep automakers from duping them again on pollution, the Environmental Protection Agency’s inspector general said Tuesday. The ...

Facebook programs are better at policing nudity than hate speech

SAN FRANCISCO (AP) – Getting rid of racist, sexist and other hateful remarks on Facebook is challenging for the company because computer programs have difficulties understanding the nuances of human language, the company said Tuesday. In a self-assessment, Facebook said its policing system ...

Major U.S. stock indexes head lower

Losses in technology and health care companies helped pull U.S. stocks lower Tuesday, placing the Dow Jones industrial average on track to end an eight-day winning streak. The broad sell-off followed a slide in bond prices, which drove up yields, paving the way for higher borrowing costs on ...

Nobel-winning tech at heart of rubber band improvements

HOT SPRINGS, Ark. (AP) – While it may seem a stretch, an Arkansas company and a university in southeastern England want to use Nobel Prize-winning technology to build a better rubber band. The partnership between Alliance Rubber and the University of Sussex is one of many eyeing graphene for ...

Trump: U.S. will help penalized Chinese company

WASHINGTON (AP) – In a surprising overture to China, President Donald Trump said Sunday he would help a Chinese telecommunications company get “back into business,” saying too many jobs in China are at stake after the U.S. government cut off access to its American suppliers. At issue is ...

Money Matters: Too soon old, too late smart

I was reading an article from Morningstar the other day, and while I was agreeing with much of what the author said, a lot of it was troubling to me. Allow me to explain. The title of the article was, “These Products Offer Protection, but at What Price?” Just that title is troublesome to ...

Indexes lower as U.S. pulls out of Iran deal

Stocks edged lower in late-afternoon trading Tuesday after President Donald Trump announced the United States’ withdrawal from a landmark nuclear deal with Iran. Crude oil prices, which fell sharply ahead of the afternoon announcement, pared some of their early losses. Gains in banks and ...

Blame Game: Drug supply firm execs say they didn’t cause opioids crisis

WASHINGTON (AP) – Top executives of the nation’s leading wholesale drug distributors told Congress under oath Tuesday that their companies didn’t help cause the nation’s deadly opioid epidemic, drawing bipartisan wrath that included one lawmaker suggesting prison terms for some company ...

Google showcases AI advances at conference

MOUNTAIN VIEW, Calif. (AP) – Google put the spotlight on its artificial intelligence smarts at its annual developers conference Tuesday, where it announced new features and services imbued with machine learning. The company’s digital concierge, known only as the Google Assistant, is ...

Buffett says stocks remain best investment option for most

OMAHA, Neb. (AP) – Billionaire Warren Buffett recommends that investors stick with simple stock index funds – not bonds and especially not bitcoins. Buffett discussed a variety of topics during an interview on CNBC Monday after he spent Saturday answering questions before thousands of ...

Uber, Careem earn big win in Egypt

CAIRO (AP) – Egypt’s parliament has approved a law to govern popular ride-hailing apps Uber and Careem, which had faced legal challenges stemming from regulations designed for traditional taxis. The new law, as described Monday by state news agency MENA, establishes operating licenses and ...

DOT urges drivers, take care of faulty Takata air bags now

NEW YORK (AP) – The U.S. Department of Transportation is again urging owners of vehicles with defective Takata air bags to seek repairs immediately. The agency singled out Ford Rangers and Mazda B-Series trucks from 2006, which are under a “do not drive” warning. The agency said Monday ...

Warren Buffett deflects questions about a successor

OMAHA, Neb. (AP) – Billionaire Warren Buffett deflected questions about his eventual successor at Berkshire Hathaway on Saturday, and encouraged the thousands of people at his annual meeting to focus more on big picture investing principles than day-to-day events. The shareholder meeting ...

Brennan & MacKay Celebrates 40 Years

Since 1978, Brennan & MacKay LLC has been offering a wide range of appliances at its family owned store in Milford. Celebrating its 40th year, Tom Brennan, Julien Creighton, Brandon Johnson, Josh Creighton, Neala Brennan, Adam Works, Matt Stevens and Luke Brennan stand proudly inside the ...

Employee theft is possible in your company

While on occasion we hear in New Hampshire and Massachusetts news of a bookkeeper who has embezzled money from a company, many such embezzlements are resolved by private restitution agreements and therefore do you get to the public eye. Theft by employees does occur in the workplace and ...

Iconic guitar maker Gibson seeks bankruptcy protection

NASHVILLE, Tenn. (AP) – The maker of the Gibson guitar, omnipresent for decades on the American music stage, is filing for bankruptcy protection after wrestling for years with debt. A pre-negotiated reorganization plan filed Tuesday will allow Gibson Brands Inc. to continue operations with ...

How U.S. small businesses can navigate the trade wars

The Trump administration has so far avoided a trade fight with Europe by temporarily exempting it from hefty steel and aluminum tariffs. Yet the move also extends the uncertainty weighing on small businesses that use those materials, a much broader group than you might think. For example, Gary ...