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Report: NY gets poor marks for business tax climate
NEW YORK -- New York state has one of the worst business tax climates in the country. According to the latest numbers from the Tax Foundation, a nonprofit, non-partisan research and public...... FULL STORY
Latest Business News
- Apple juggernaut gets little investor respect
- NEW YORK -- Apple is worth $415 billion, putting i... Full story
- Kodak names new head of restructuring effort
- NEW YORK -- Kodak is naming a new chief restruct... Full story
- Experts see tough road for Kodak to reinvent self
- CHICAGO -- Even in bankruptcy, Kodak boasts some e... Full story
Business News
Lowe's to close 20 stores
MOORESVILLE, N.C.-- Home-improvement retailer Lowe's Cos. says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in a move that it says will allow it to focus on more profitable locations. Ten locations were closed Sunday; the...... Full story
Citizens Bank says computer glitch solved
PROVIDENCE, R.I.-- Citizens Bank says it has repaired a computer glitch that affected its website and automated teller machines for several hours. The Providence, R.I.-based bank has more than 1,500 branches throughout the country. It said in a...... Full story
Market Close 11-12-11
NYSE composite volume totaled nearly 5 billion shares. The S&P 500 gained 6 points to 1178. The Nasdaq closed up 15 points at 2508. Advancing issues beat decliners by nearly 2-1 on the NYSE and by 7-6 on the Nasdaq. The 10-year Treasury...... Full story
Vermont's Green Mountain Coffee to sell stock
WATERBURY, Vt. -- Vermont's Green Mountain Coffee Roasters Inc. expects to raise about $559.1 million from a public offering of 8.2 million shares. The Waterbury-based coffee seller says the offering is priced at $71 per share, a 3.6 percent...... Full story
TJX's 4Q profit falls 15 pct on store closing cost
NEW YORK CITY -- The operator of TJMaxx and Marshall's is reporting a 15 percent drop in fourth-quarter earnings, dragged down by costs to close its A.J. Wright store division. TJX Cos. also plans to repurchase $1.2 billion of its stock this fiscal...... Full story
Consumer Confidence Index hits 3-year high
NEW YORK CITY -- The Consumer Confidence Index rose in February to its highest point in three years as consumers are feeling more positive about their income prospects and the direction the economy is headed. The Conference Board says its Consumer...... Full story
Barnes & Noble 3Q net income falls
NEW YORK -- Barnes & Noble says its third-quarter net income fell 25 despite higher revenue as the company continued to invest in its online operations and Nook e-readers. The company said Tuesday that its quarterly net income rose to $60.6...... Full story
Airlines rolling back latest fare increase
DALLAS (AP) -- Major U.S. airlines are rolling back a fare increase of up to $120 per round trip on tickets favored by business travelers. Delta Air Lines raised the fares Monday and other major airlines went along. But fare trackers say that US...... Full story
SEC charges 4 with insider trading
WASHINGTON -- Federal regulators have charged the co-founder of a New York hedge fund and three other individuals with insider trading, the latest action in what the government has called the biggest insider-trading case in U.S. history. The...... Full story
Mass. alcohol sales tax set to disappear on Jan. 1
BOSTON -- Massachusetts shoppers soon will no longer have to pay the state's 6.25 percent sales tax on alcohol sold in stores. Come Jan. 1 the tax is set to disappear. Voters approved a ballot question in November eliminating the levy. Alcohol was...... Full story
Tim Hortons to close 36 restaurants in New England
PROVIDENCE, R.I. -- The Tim Hortons chain of coffee shops says it's closing 36 restaurants and 18 kiosks in New England. The Canadian company said Wednesday it would close locations in the Providence, R.I., and Hartford, Conn., areas. It's also...... Full story
Hattie's to open quick-service location at Wilton Plaza
WILTON -- Hattie's, the popular Southern cuisine restaurant in Saratoga Springs, will open a quick-service restaurant in Wilton, it was announced Wednesday. Hattie's Chicken Shack will open at the Wilton Plaza at 3057 Route 50, between Chipotle and...... Full story
Barnes & Noble deal
NEW YORK (AP) -- Bookseller Barnes & Noble says it will buy Barnes & Noble College Booksellers from its chairman in a deal worth $596 million, a move that will reunite its brand and eliminate annual royalty payments for online textbook...... Full story
Cash for clunkers extension still alive
WASHINGTON (AP) -- The Senate's top Democrat is reporting some good conversations with his Republican counterpart on an extension of the "cash-for-clunkers" program. Sen. Harry Reid of Nevada says there's a "significant...... Full story
More bad news for US Postal Service
WASHINGTON (AP) -- The post office says it lost $2.4 billion from April through June. That brings the year's losses so far to $4.7 billion. And the Postal Service expects to be $7 billion in the red when the fiscal year...... Full story
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A Few Clouds and 30.0 F (-1.1 C)
Wind: South at 5.8 MPH (5 KT)
Dewpoint: 21.9 F (-5.6 C) | Pressure: 1019.4 mb
Last Updated: 2012-02-10 06:20:06
Wind: South at 5.8 MPH (5 KT)
Dewpoint: 21.9 F (-5.6 C) | Pressure: 1019.4 mb
Last Updated: 2012-02-10 06:20:06
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