Biz Day Buzz

Toyota halts sales of 8 recalled vehicle models

NECN - Business — Tue, 26 Jan 2010 23:04:33 +0000

WASHINGTON (AP) - Toyota is suspending U.S. sales of eight recalled vehicle models to fix accelerator pedals that stick.

As part of the plan, Toyota is halting production at five manufacturing facilities for the week of Feb. 1 "to assess and coordinate activities."

There are 2.3 million vehicles involved in the recall, which was announced last week.

The Japanese automaker says the sales suspension includes the 2009-2010 RAV4, the 2009-2010 Corolla, the 2009-2010 Matrix, the 2005-2010 Avalon, the 2007-2010 Camry, the 2010 Highlander, the

In Focus: Preparing for tax time

NECN - Business — Tue, 26 Jan 2010 22:35:53 +0000

(NECN) - In focus today, tax season. Certified Financial Planner Jennifer Lane from Compass Planning has some tips to help you get organized and get a jump start.

Jennifer shares why it's important to have last year's tax returns to refer to, and some basic research to make life easier when you are ready to file your taxes.

Officials: Stimulus bill to cost $75B more

NECN - Business — Tue, 26 Jan 2010 21:29:23 +0000

WASHINGTON (AP) - Last year's $787 billion economic stimulus bill is going to be even more expensive - $75 billion more.

That's the finding in a Congressional Budget Office estimate of the costs of the economic stimulus bill, which mixed tax cuts and lots of spending in an effort to jump-start the economy.

The reason for the higher estimate of the recovery bill's price tag is chiefly that unemployment benefits are costing more. Plus, stimulus-subsidized bonds to pay for infrastructure projects are more popular than expected with state and local governments.

Market Analysis with Jim Lowell

NECN - Business — Tue, 26 Jan 2010 20:57:07 +0000

(NECN) - Stocks give up an early advance to end the day in the red.

The Dow Jones industrial average falls more than two points, closing at 10,194.

The Nasdaq composite drops seven to finish at nearly 2,204.

The s-and-P 500 is off almost five, ending the day at 1,092.

Regionally -- Bloomberg’s New England index slips two points.

The New England tech stock index is down a quarter of a point.

Jim Lowell, Chief Investment Strategist at Adviser Investments has Tuesday’s Market Analysis.

Ask Jennifer: Saving for college

NECN - Business — Tue, 26 Jan 2010 20:09:04 +0000

(NECN) - Saving for college, and saving in general. You ask, Certified Financial Planner Jennifer Lane answers.

Cindy in Framingham: This spring my daughter will start looking at colleges for next year. No matter where she goes it will be expensive. What can I do now to give us the best shot at getting financial aid?

Jason in Boston: I run a small consulting company with nine full time employees including myself. We'd like to start a retirement plan this year. Is a 401(k) our best choice?

Linda in Charlestown:

Home sales on the rise

NECN - Business — Tue, 26 Jan 2010 20:00:54 +0000

(NECN) - Hope in the housing market. Sales were up and prices were down in 2009. The light at the end of the tunnel may actually be the one over the front porch.

Tim Warren of The Warren Group joins NECN Business with more on the residential market.

GM to sell Saab to Spyker

NECN - Business — Tue, 26 Jan 2010 18:20:36 +0000

AMSTERDAM (AP) - General Motors Co. says it has reached an agreement to sell its struggling Saab Automobile arm to the small Dutch luxury carmaker Spyker Cars NV.

GM has not specified terms of the deal, but a Wall Street Journal report citing anonymous sources says the sale price is roughly $74 million.

BBJ: Boston entrepreneurs help you lose weight with iPhone app

NECN - Business — Tue, 26 Jan 2010 12:45:13 +0000

(NECN) - Two Boston-based entrepreneurs are behind one of the hottest Apple iPhone apps that help you lose weight.

How does the application work and has the company made any money so far?

Lisa Van der Pool of the Boston Business Journal joins us with more on this.

Owners of Finagle-A-Bagel on goals, challenges

NECN - Business — Tue, 26 Jan 2010 01:18:39 +0000

(NECN) - Every week on CEO Corner we go one on one with New England's top business leaders to learn the secrets to their success. This week Maryanne Kane is joined by Laura Trust and Alan Litchman, co-owners and co-Presidents of Finagle-A-Bagel.

The husband and wife team focus on their goals, challenges and opportunities in this final segment of CEO Corner.

Finagle-A-Bagel owners on food inflation, safety

NECN - Business — Tue, 26 Jan 2010 01:14:56 +0000

The husband and wife team talks about food inflation, food safety and the importance of eating healthy.

Owners of Finagle-A-Bagel on goals, challenges