IRS Doubles Number of Taxpayers Whose Data May Have Been Stolen

Washington — The Internal Revenue Service said Friday that criminals attacking its website may have stolen sensitive personal information from more than twice as many taxpayers as initially expected. In total, cyber criminals may have accessed tax data for more than 700,000 taxpayers by hacking the agency’s “Get Transcript” tool, which allows taxpayers to obtain copies of previous tax returns, the IRS said. Criminals tried to use the...

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Hunting for Primary’s Dollar Impact
Feb14

Hunting for Primary’s Dollar Impact

Concord — If there’s any place where spending attributable to the presidential primary will show up, it’s in the revenue reports used to calculate the state’s meals and rooms tax. The Monitor checked the revenue reported by hotels, motels and eateries throughout Merrimack County for the months surrounding the 2012 and 2008 primaries. Not enough data is available yet to analyze this year’s primary, as you might expect. Specifically,...

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Route 12A RadioShack Closes

West Lebanon — The RadioShack store on Route 12A, a longtime presence on the West Lebanon commercial strip, closed for good last week, another victim of the Fort Worth, Texas-based company’s February 2015 bankruptcy. Last year, the electronics retail chain filed for bankruptcy and sold 1,700 of its stores to Standard General, a hedge fund that entered into a co-branding agreement with Sprint Corp. to sell the mobile phone provider’s...

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German Giant Buys CD-adapco

Lebanon — The purchase by a German engineering giant of a Long Island, N.Y.-based company reverberated in the Upper Valley last week, although the local long-term impact was not immediately clear. Melville, N.Y.-based CD-adapco, which employs 65 people at offices in the Centerra office park in Lebanon who work primarily in product development, entered into a stock purchase agreement valued at $970 million with Munich-based Siemens AG....

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U.S. Consumers Appear to Thrive as Companies Struggle

Call it a tale of two economies. Consumer spending grew last year by the most since 2005, in spite of a slight slackening in the fourth quarter. Nonresidential business investment, meanwhile, rose at its slowest pace since 2010 as oil and gas companies sharply curtailed spending. The key theme for the economy “is the stark contrast between the fortunes of the household and business sectors,” and how that plays out going forward, said...

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