BREAKING NEWS

BREAKING NEWS

Business

(Kitchen) grease is the word

RALEIGH, N.C. – Yellow kitchen grease has become as good as gold as gasoline prices soar and biodiesel fuel becomes more appealing. Just as one industry’s waste becomes a hot commodity for another, a slippery underworld of fry crooks – kitchen-oil rustlers who ...

Groupon files for $750m IPO

CHICAGO – Daily deals juggernaut Groupon Inc. has filed a prospectus for an initial public offering of up to $750 million, ending months of speculation about when the Chicago-based company would go public. “While we’re looking forward to being a public company, we ...

Underwater homeowners struggle

NORTH LAS VEGAS, Nev. – Charles Mills can barely afford to stay here. But he also can’t afford to move. That’s why the 44-year-old heavy-equipment operator was preparing to leave his wife and young daughter here and go where he could find work – the ...

GT Solar exec resigns

GT Solar Inc.’s comptroller and former chief financial officer resigned without explanation the day he signed off on the company’s annual filing with the Securities and Exchange Commission. Richard E. Johnson resigned from the Merrimack-based company on May 26, the company ...

IRS slaps ‘Tax Lady’ with $183,000 tax lien

SACRAMENTO, Calif. – In another sign of the “Tax Lady’s” financial woes, attorney Roni Lynn Deutch has been slapped with a $183,000 federal tax lien, according to recent filings by the Internal Revenue Service. The lien against Deutch, who built a ...

Commerce secretary nominated

WASHINGTON – President Barack Obama on Tuesday nominated former Edison International Chairman and Chief Executive John E. Bryson to be Commerce secretary, tapping an environmental lawyer-turned-corporate executive in hopes of reaching out to a business community that has been ...

Mean boss not same as liability

A recent Massachusetts decision emphasizes that an abusive and mean boss does not always equate to legal liability to the employer. In the case of Anthony McCarty v. Verizon New England Inc. and Jeffrey Romano, McCarty, a service technician for Verizon, brought a lawsuit alleging intentional ...

Hudson woman says ForRealJobs safe

Much is made about the scarcity of jobs today, but one of the biggest hurdles to finding a job is simply knowing where to look. Hudson-native Kristen Duval wants to help locals with that problem. She started her own job search Web site this year, ForRealJobs.com, and hopes it will add some ...

Study: Don’t bother closing tax breaks

WASHINGTON – As Washington considers closing a profusion of tax breaks in its quest to reduce record budget deficits, a new study suggests that some targets might produce far less cash than is commonly thought. Tax preferences for retirement plans, such as 401(k) accounts, rank ...

Luxury-car sales start to jingle again

DALLAS – Eighteen months ago, customers at Jim Snell’s Land Rover dealerships sometimes bought new SUVs that looked just like their old ones. That way, neighbors and colleagues might not realize that they had purchased a $60,000 vehicle in the midst of a fierce ...

April pending home sales dip

LOS ANGELES – Pending sales of previously owned homes took a tumble in April, according to data from an industry group, a foreboding sign that the key spring shopping season is off to a weak start. The National Association of Realtors said Friday that its index for pending home ...

US: China doesn’t fix currency

WASHINGTON – The Treasury Department on Friday again refused to label China a currency manipulator but stressed it would stay focused on the issue in coming months. Treasury had delayed the semi-annual report on international economic and exchange rate policies, which was due in ...

Clinton: Default no big deal

Former President Bill Clinton has been in a bit of a press coverage dry spell. Last week he broke out of his slump in a big way by declaring that a short-duration default by the U.S. would be no big thing. “If we defaulted on the debt once for a few days, it might not be calamitous. ...

Software firm hires, moves

NASHUA – A significant jump in revenue in the past year has led HiSoftware Inc. to increase staff and move to a larger corporate headquarters. The company has relocated from Trafalgar Square on Route 101A to 1 Tara Blvd. in south Nashua. According to Kurt Mueffelmann, the software ...

Johnson Electric prepares to mark 100th anniversary

Contrary to popular belief, Thomas Edison didn’t invent the incandescent electric light. Rather, he improved upon it in 1879. Thirty-three years later, Nashua’s Everett Ernest Johnson became a local pioneer of this new-fangled electricity “fad” when he ...

Legal Ariz. Workers Act upheld

WASHINGTON – The Supreme Court on Thursday gave Arizona and other states more authority to take action against illegal immigrants and the companies that hire them, ruling that employers who knowingly hire illegal workers can lose their license to do business. The 5-3 decision upholds ...

Audits find ways to improve efficiency

SACRAMENTO, Calif. – For Michelle Vogt, it’s as if her water heater leaked dollar bills. The 40-year-old Woodland, Calif., resident said her monthly energy tab soars to as much as $1,200 every summer, and she believes that her 7-year-old water tank is one of the main ...

Drugmakers brace for generic versions of biologics

CHICAGO – In 2001, Abbott Laboratories spent nearly $7 billion on the biggest acquisition in the company’s 123-year history, primarily to access one drug, Humira. Since then, the drug giant has raked in more than $24 billion in sales from Humira, a pricey medicine derived ...

Banks unite for online payment

LOS ANGELES – Online and mobile customers of three major banks will be able to instantly zap funds from their accounts to other depositors at the banks under a program to be rolled out across the country over the coming year. Bank of America Corp., Wells Fargo & Co. and JPMorgan ...