Business

Is the lunch hour becoming outdated?

Are you eating at your desk today? Odds are you answered yes. Over the last decade, fueled by salary cuts and job insecurity, lunch hour has evolved. It’s shorter, more purposeful and more often spent in the office. It’s the source of lawsuits, a point of contention among ...

Jobs report aside, Bernanke sees rosier end to ’11

WASHINGTON – Shrugging off last week’s dismal May jobs report, Federal Reserve Chairman Ben Bernanke said Tuesday that he expects the U.S. economic recovery to revive later this year as headwinds from outside factors will ease. Speaking to an international monetary ...

Signs point to another slump

Last week I blamed the Democratic Party exclusively for putting politics over the country’s well-being and this was unfair. True, the Dems are attempting to hold firm on maintaining the current entitlement structure. But that position is no more absurd than the Republicans insisting ...

Business Calendar

MONDAY NASHUA Smartphone workshop U.S. Cellular will hold a free “device workshop” from 5-7 p.m. at 375 Amherst St. The workshop will guide attendees through all of the functions and features of Android-powered devices, BlackBerry and Windows Mobile ...

NY electric plant nearly grid-ready

EDITOR’S NOTE: The article originally gave a wrong date for the opening ceremony of the New York plant. It is July 12, not June 12. . TYNGSBOROUGH, Mass. – How does a company know that its industry is truly on the cutting edge? Here’s a hint: National ...

Ayotte visits, offers to assist small area defense contractor

NASHUA – A local company with defense contracts has run into a few problems getting its equipment into the field, and U.S. Sen. Kelly Ayotte paid it a visit on Thursday to hear employee feedback and offer her support. Ayotte said she wants to improve the “defense ...

(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. ...