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Greece's Finance Minister Yanis Varoufakis speaks during an interview with the Associated Press at his office, in central Athens, on Saturday, Feb. 28, 2015. Varoufakis said that  Greece intends to start discussions with its European partners and creditors on debt rescheduling in order to make the country’s massive debt sustainable. (AP Photo/Petros Giannakouris)

Repayments to European bank need discussion

Saturday, February 28, 2015

Greece will prioritize debt repayments to the International Monetary Fund, some of which come due in March, but repayments to the European Central Bank are “in a different league” and will need discussion with Greece’s creditors, the country’s finance minister said yesterday. In an interview with the Associated Press, finance minister Yanis Varoufakis also said Athens intends to start discussions …

Central bank cuts rates again to boost economy

Saturday, February 28, 2015

China’s central bank cut interest rates for the second time in three months yesterday, adding to signs the country’s leaders are worried the economic slowdown is deepening too sharply. The People’s Bank of China announced a rate cut on one-year loans by commercial banks by 0.25 percentage point to 5.35 percent. The interest rate paid on a one-year deposit was lowered by 0.25 …

FairPoint more attractive to buyers with new labor pact

Saturday, February 28, 2015

FairPoint Communications said it needed to bring costs and benefits into sync with competitors in the telecommunications industry. By doing just that in a new labor pact, the company has made itself more attractive to potential buyers, an analyst and workers say. Workers said during a four-month strike in northern New England that the company was positioning itself for potential sale, and a …

Greece: Athens hopeful for a deal with eurozone

Tuesday, February 17, 2015

European creditors issued Greece with an ultimatum yesterday, saying the country must accept a key condition in bailout talks by the end of the week or face having to meet its debt commitments on its own – a …

Eversource Energy to expand power lines in its right of way, route eyed by Kinder Morgan

Monday, February 16, 2015

A power line corridor stretching from Londonderry to Windham is set to see a boom in new energy projects. Three companies are working on two separate plans to construct a new overhead transmission line and an underground pipeline around the existing right of way, which passes through Londonderry, …

Business People for Feb. 16, 2015

Sunday, February 15, 2015

Kelsea Hale joined the New Futures board of directors. She received a Bachelor of Science in accounting at Sacred Heart University and is a supervising senior at Nathan Wechsler & Company in Concord. Lynn Post joined the New …

Business Notes for Feb. 16, 2015

Sunday, February 15, 2015

Cynthia’s Challenge, a 24-hour ski-a-thon, at King Pine Ski Area raised $33,795 to purchase a wheelchair-accessible van for Samantha Gillard of Newton, Mass., who has Rett syndrome. Gillard is the 7-year-old granddaughter of Tex Gillard, a ski instructor at King Pine. Donations towards the $45,000 goal can be …

Hackers steal up to $1 billion from banks, security co. says

Sunday, February 15, 2015

A hacking ring has stolen up to $1 billion from banks around the world in what would be one of the biggest banking breaches known, a cybersecurity firm says in a report scheduled to be delivered today. The hackers have been active since at least the end of …

Grocers finding it hard to keep organic milk on shelves

Sunday, February 15, 2015

About once a week the phone rings at the Dill Pickle Food Co-op in the artsy Logan Square neighborhood of Chicago with the same question: Got milk? Organic, to be exact. “I’ll have people call up and say, hey, I know the truck’s coming on Tuesday, can you …

Cuba moves into new luxury niche: purebred horses

Sunday, February 15, 2015

Already renowned for fine rum and fancy cigars, Cuba is carving out a new luxury niche that is attracting Latin American elites to the communist-run island: thoroughbred jumping horses. By importing colts and fillies from the Netherlands, Cuban …

Ray Duckler: A Porsche, a truck, a snowmobile? What would you buy?

Saturday, February 14, 2015

The salesman quoted me a price for the Porsche Boxster, a two-door silver convertible with a sound system that could reach Vermont. “Around $70,000,” he told me. “$69,712 actually.” “That’s it?” I said. I reached into my winter …

White House to intervene in ports strike

Saturday, February 14, 2015

With the West Coast dock strike reaching a critical point, the White House announced yesterday that Labor Secretary Thomas Perez would start talks with the two sides. “The negotiations over the functioning of the West Coast Ports have been taking place for months with the Administration urging the …

U.S. government says nearly 64 million vehicles were recalled last year

Friday, February 13, 2015

For the U.S. auto industry, 2014 was the year of the recall. Automakers issued 803 recalls totaling almost 64 million vehicles, more than double the old record from a decade ago, according to government figures. The National Highway …