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Business

Bank of America plans to slash 40,000 jobs

LOS ANGELES – Bank of America Corp. is preparing to slash 40,000 or more jobs nationwide, a dramatic retrenchment that reflects the deepening woes of the country’s largest bank and the magnitude of the U.S. economic slowdown. The layoffs will come mainly from Bank of ...

Keeping hope for future

The president took a kitchen sink approach with his jobs plan: ask for a bunch of things and settle for a few. Given the dysfunction in Washington it’s a reasonable strategy. Dubbed the American Jobs Act, it’s one of the rare times that the title fits the proposal. With ...

Vote for ‘Best of Nashua’

NASHUA – If you only order flowers from Collins, or you swear by the auto service at Romie’s, now’s your chance to spread the word of the supreme service available in Greater Nashua, and to thank your favorite businesses for the quality products they provide. The ...

Merrimack tech firm earns $65k rebate

MERRIMACK – Local precision plastic manufacturing firm Tech Inc. is saving big bucks over its decision to install energy-saving machinery. Tech Inc., which recently installed an energy-efficient 400-ton electric plastic injection molding machine, qualified for a $65,264 rebate under ...

First XXX domain names available

FORT LAUDERDALE, Fla. – XXX now officially marks the spot for dirty sites on the Internet. Stuart Lawley, a Palm Beach Gardens, Fla., entrepreneur, has launched the sale of the first Internet domain names ending in .xxx – taking its place alongside the better-known ...

US trade deficit narrows

WASHINGTON – The trade deficit the United States runs with the rest of the world shrank in July, according to data released Thursday, as record exports helped offset the biggest trade gap with China in 10 months. The Commerce Department said the trade deficit narrowed to a seasonally ...

Search engine buys ratings company

SAN FRANCISCO – Google said Thursday it has acquired Zagat Survey, the review and ratings service known for its burgundy-colored restaurant guides, bringing it features aimed at local businesses and advertisers. Zagat will add an array of reviews of hotels, food, shopping and other ...

Bernanke: Fed will weigh aid

WASHINGTON – Federal Reserve Chairman Ben Bernanke said Thursday that policymakers will discuss the tools they could use to boost the recovery at their next meeting this month and stand ready to use them if necessary. Policymakers “are prepared to employ these tools as ...

Household robots move from science fiction to reality

SAN JOSE, Calif. – Rosie the Robot could finally be coming to your home. Willow Garage, a unique startup in Menlo Park, Calif., has designed a robot called the PR2 that bears some resemblance to the Jetsons’ beloved Rosie. It’s still under development, but ...

Compass Healthcare Advisers expands into four states

Compass expands into four states BEDFORD – Compass Healthcare Advisers, a company that helps employers, employees and insurers save money on rising health care costs, is expanding its SmartShopper and ChoiceRewards programs to service clients across four states. Compass’ ...

Postmaster: Postal Service on verge of collapse

WASHINGTON – The U.S. Postal Service is on the verge of financial collapse and should eliminate Saturday delivery, close thousands of local post offices, restructure its health plan and lay off 120,000 workers to survive, according to Postmaster General Patrick Donahoe. Donahoe asked ...

Signing may be worth it

In order to protect confidential information and good will, an employer may have certain employees sign noncompetition and nonsolicitation agreements. These agreements, in addition to prohibiting former employees from using confidential information, will, for a period usually ranging between ...

New SkillSoft series transitions college grads into the corporate world

NASHUA – SkillSoft has launched a new courseware series to help young professionals transition from college to the corporate world. The new series, Campus to Corporate, is offered through SkillSoft’s Business Skills Courseware Library and offers recent graduates tips and ...

Where the Fed will focus this fall

The financial markets have returned to treating bad news as good and vice versa. The reason: they believe that bad news will force the Fed’s hand. Be afraid, be very afraid. That news, which had been mixed for months, has turned decidedly bad. GDP numbers throughout the world signal ...

Stocks dip after 4-session streak

NEW YORK – U.S. stocks finished lower on Thursday, folding after a four-session winning streak, with Wall Street wary ahead of the next day’s monthly jobs report. Stocks resumed their decline after briefly rallying as weekly jobless claims fell and a gauge of manufacturing ...

Retail sales weather hurricane

LOS ANGELES – Shoppers showed resilience last month despite stock market turmoil and Hurricane Irene, although sales at some chains were negatively affected. Sales at major chain stores rose a solid 4.4 percent year-over-year in August, according to Thomson Reuters’ tally ...

Shredded farmland marks hurricane’s path

CRAVEN COUNTY, N.C. – Before Hurricane Irene smacked his tender tobacco plants sideways, David Parker was headed for a terrific crop, maybe his best in 32 years of farming. Now, as Parker rushes to save a few acres of shredded leaves before they rot on the dying stalks, the math ...

US moves to block merger of AT&T, T-Mobile

LOS ANGELES – The Justice Department is seeking to block AT&T Inc.’s $39 billion plan to buy T-Mobile USA Inc., claiming that combining the two wireless giants could stymie competition and innovation. The agency filed a civil antitrust lawsuit Wednesday morning in ...

Movie-ticket deals worry theaters

LOS ANGELES – At a cinema in San Francisco, about 100 people recently showed up for a free screening of “Transformers: Dark of the Moon” and a presentation of a kind of Netflix for movie theaters. The service, called MoviePass, would allow consumers to watch all ...