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Monday, December 1, 2008

Stocks fall more than 670 points on consumer spending worries

A pair of Bank of America specialists work at a post on the floor of the New York Stock Exchange Tuesday, Nov. 11, 2008.

By Associated Press

NEW YORK - A litany of bad economic news has snuffed out Wall Street’s five-day...

Yule tree gets pricier

BRINGIN’ IT HOME: Tom and Jocelyn Rossignol, 5, of Clinton drag a Christmas tree at the Evergreen Farms in Sterling.

By Jay Fitzgerald / Herald Highlight: Christmas Trees

Money doesn’t grow on trees - but Christmas trees still make money. Area...

Bernanke: lower interest rates are “feasible”

By Associated Press

WASHINGTON - Federal Reserve Chairman Ben Bernanke says further interest-rate cuts...

2 Comments

It’s official: US has been in a recession all year

By Associated Press

WASHINGTON - The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said...

10 Comments

Deposits at Bay State credit unions rise

By Jay Fitzgerald

Wall Street firms may be disappearing or teetering on the edge, but smaller credit unions and banks in Massachusetts are doing fine. The Massachusetts...

Holiday season off to a modest start

BARGAIN HUNTING: Enza Hart and her daughter Jennifer leave the Arsenal Mall after weekend shopping.

By Associated Press

NEW YORK - The Thanksgiving shopping weekend doesn’t appear to have been the disaster some had feared, but consumers’...

The Outlook

By Staff and wire reports

TODAY Economic reports are expected on construction spending and the manufacturing industry. TOMORROW WOMEN IN RETAIL: Suffolk University’s...

Manufacturing index drops to 26-year low

By Associated Press

WASHINGTON - A measure of U.S. manufacturing activity fell to a 26-year low in November as new orders dropped for the twelfth consecutive month, a trade group...

AstroTurf, Reebok team up for shoe-turf study

By Associated Press

RALEIGH, N.C. - The company that licenses AstroTurf is teaming up with Reebok to study how athletic shoes handle different sports playing surfaces. Officials...

New York Fed launches search for new president

By Associated Press

WASHINGTON - Timothy Geithner, President-elect Barack Obama’s pick to be Treasury secretary, will soon step down from his current post as president of...

Music group alleges copyright violations at RI pub

By Associated Press

PROVIDENCE, R.I. - A Providence tavern is facing a federal lawsuit for allegedly not paying for songs played at the pub. The...

1 Comment

Customers stew as kosher meat gets scarce

Rabbi Moishe Silverman stocks liver in a partially empty meat display at South Florida Kosher, a butcher shop in North Miami Beach, Fla., Tuesday.

By Associated Press

MIAMI - Rabbi Moishe Silverman stood taking inventory of a meat freezer at South Florida Kosher, the supermarket and...

Unitil completes purchase of Northern Utilities

By Associated Press

PORTLAND, Maine - Unitil officially closes its $160 million purchase of Maine-based Northern Utilities and Massachusetts-based Granite State Gas Transmission...