Financial
Mall staple Brookstone seeks bankruptcy cover PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 03 April 2014 10:26

MERRIMACK, N.H. (AP) — Brookstone, a staple in malls and airports nationwide, is seeking Chapter 11 bankruptcy protection as part of its $147 million sale to Spencer Spirit Holdings.

The purveyor personal massagers, iPad keyboards and other quirky gadgets, said Thursday that its 240 stores will remain open and business will continue as usual.

The Merrimack, N.H., company announced last week that it would be acquired by Spencer after it had filed for bankruptcy protection.

Brookstone, which was punished by a more pragmatic consumer during the recession and then by growing online completion, has watched sales decline sharply. In its most recent quarter, sales declined by more than 7 percent.

Spencer Spirit, based in Egg Harbor Township, N.J., owns Spencer stores and sells Halloween costumes at its Spirit pop-up stores.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Engineered salmon may be a tough sell PDF  | Print |  E-mail
Written by MARY CLARE JALONICK, Associated Press   
Thursday, 03 April 2014 06:33

WASHINGTON (AP) — Don't expect to find genetically modified salmon — or any other engineered fish or meat — on store shelves anytime soon.

The Obama administration has stalled for more than four years on deciding whether to approve a fast-growing salmon that would be the first genetically modified animal approved for human consumption.

During that time, opponents of the technology have taken advantage of increasing consumer concern about genetically modified foods and urged several major retailers not to sell it. So far, two of the nation's biggest grocers, Safeway and Kroger, have pledged to keep the salmon off their shelves if it is approved.

Proponents of genetically engineered fish and meat say they expect Food and Drug Administration approval of the salmon and still hope to find a market for it. However, the retailers' caution and lengthy regulatory delays have made investors skittish.

"The FDA delay has caused developers to take a pause," says Dr. David Edwards of the Biotechnology Industry Organization, the main industry group for genetically engineered agriculture. "They're not really sure where to go as far as the regulatory system."

Read more...
 
Report: 2014 Bakken oil output 1.1M barrels a day PDF  | Print |  E-mail
Written by JOSH WOOD, Associated Press   
Thursday, 03 April 2014 06:36

WILLISTON, N.D. (AP) — Oil production in North Dakota and Montana's Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm.

Wood Mackenzie anticipates that oil production in the North Dakota and Montana sections of the Bakken and Three Forks formations will grow to 1.7 million barrels per day in 2020.

"We're very confident on the future of the Bakken," said Jonathan Garrett, an analyst at Wood Mackenzie. He added that the expected lifetime of a Bakken well is 25 years to 30 years.

Wood Mackenzie projects that $15 billion will be spent on drilling and completion of wells by Bakken participants in 2014.

Read more...
 
More business owners ready to hire, survey finds PDF  | Print |  E-mail
Written by The Associated Press   
Thursday, 03 April 2014 06:32

Small businesses have gotten a surge of optimism, one that may lead to more hiring in the coming months.

That's the finding of a survey of 1,100 small and medium-size business owners and executives released Wednesday by PNC Financial Services Group Inc. The survey taken in January and February finds that 37 percent of owners are optimistic about their companies' prospects for the next six months, up sharply from 22 percent in a survey last fall. That has fueled companies' hiring plans. Twenty-two percent plan to hire full-time workers, compared to 16 percent in in the fall.

And their workers will likely get a raise. Nearly a third of the owners and executives surveyed plan to boost employees' pay, up from 22 percent who planned raises in the fall.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
<< Start < Prev 81 82 83 84 85 86 87 88 89 90 Next > End >>

Page 86 of 275

Front Page Stories

Market Square already bustling with business
07/26/2014 | MARIE THOMAS BAIRD Sentinel Education Editor
article thumbnail

Market Square in BG along Wooster Street. (J.D. Pooley/Sentinel-Tribune) Market S [ ... ]


Young man goes west to further his acting career
07/26/2014 | DAVID DUPONT Arts & Entertainment Editor
article thumbnail

Justin Betancourt (left) and Jeffrey Guion perform. (Enoch Wu/Sentinel-Tribune) J [ ... ]


Other Front Page Articles