New Hampshire's Business News for June 3

A look at today's top business headlines, including: PFOA worries expand, NH bankruptcies fall slightly in May, U.S. jobs numbers disappoint, Adaptive Communications sold to Denver firm, report: loss of psychiatric beds in NH, nation is ‘beyond disastrous’


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PFOA worries expand; state shares latest findings at Bedford meeting  Updated test results reveal there are currently 136 private wells with elevated levels of water contamination near Saint-Gobain Performance Plastics in Merrimack. – NH UNION LEADER

New Hampshire’s community colleges freeze tuition  Tuition at New Hampshire’s seven community colleges will remain at $200 per credit, which roughly equals $6,000 per year for full-time tuition. – CONCORD MONITOR

State revenues fall nearly $4 million short in May  State revenue did not make the grade for May, coming in $4 million below estimates, mostly due to business tax receipts. – NH UNION LEADER

New Hampshire bankruptcies fall slightly in May  Has the sharp decline in New Hampshire bankruptcies since the recession reached a plateau? It may have, considering that the number of bankruptcy filings fell again in May, but only slightly compared to April and May 2015. – NH BUSINESS REVIEW

Dour U.S. employment report casts doubts on Fed rate hike  The U.S. economy created the fewest number of jobs in more than five years in May as employment in the manufacturing and construction sectors fell sharply, suggesting a deterioration in the labor market that could make it harder for the Federal Reserve to raise interest rates. – REUTERS

NH’s Adaptive Communications acquired by Denver firm  Adaptive Communications, a Portsmouth-based reseller, designer and installer of enterprise networking, has been acquired by Optiv Security, a Denver, Colo.-based provider of cybersecurity solutions. – NH BUSINESS REVIEW

Bottomline’s co-founders step down from board  Bottomline Technologies co-founders Daniel McGurl and James Loomis are giving up their seats on the company’s board of directors as part of a “board refresh,” the Portsmouth-based company announced last week. – NH BUSINESS REVIEW

PC Connection acquires software technology firm  PC Connection has purchased Softmart, a firm based outside of Philadelphia that sells software technology to institutions with more than 200 employees and $200 million in sales. The terms of the deal are not announced. – NH BUSINESS REVIEW

NH aerospace conference stresses exports  Speakers at the NH Aerospace and Defense Conference told businesses from both in and out of New Hampshire that exporting is essential for excelling in the aerospace/defense industry. – NH BUSINESS REVIEW

NHHTC Entrepreneur of Year finalists named  Four New Hampshire entrepreneurs have been selected as finalists for the NH High Tech Council’s Entrepreneur of the Year award, which will be presented on Tuesday, June 7 at Southern NH University. – NH BUSINESS REVIEW

Report: Loss of psychiatric beds in NH, nation is ‘beyond disastrous’  About 17 percent of the hospital beds for the nation's most disabled and dangerous psychiatric patients were eliminated in the last five years -- including in New Hampshire -- at the same time demand for them skyrocketed, according to a new study by the Treatment Advocacy Center. – INDEPTHNH.ORG

Executive Council approves NH Hospital nurses contract  The council approved the $4.5 million contract in a bipartisan vote. Gov. Maggie Hassan praised the move in a statement, saying she hopes the contract’s approval will alleviate the hospital’s nursing shortage. – CONCORD MONITOR

Legislature to return to act on drug interdiction bill  Lawmakers are being brought back June 16 to act on what is described as a key component of the legislative package to address the drug crisis — a bill that failed by one vote in the House Wednesday. – NH UNION LEADER

With more parents dealing with addiction, CASA faces volunteer shortage  Court Appointed Special Advocates of New Hampshire, or CASA, says nearly 70 percent of its cases last year involved families affected by substance abuse. Many of those cases involved parents addicted to heroin and opioids. – NH PUBLIC RADIO

As Tenney Mountain Ski Area nears rebirth, it is joining with Plymouth State University in interesting ways  As long as we don’t suffer through another winter without much snow, skiing should return by Christmas to Tenney Mountain for the first time in six years. – CONCORD MONITOR

NH, like most of the Northeast, facing ‘abnormally dry’ conditions  We’re not in a severe drought, according to the U.S. Geological Survey, which maintains a series of automated river-level and groundwater monitoring stations, but we are in what it calls “abnormally dry conditions,” a precursor to drought. – CONCORD MONITOR

Lebanon unveils plan for downtown  City officials hope a new vision for downtown unveiled on Thursday will spur development and encourage a more pedestrian-friendly marketplace, but it’s not clear all residents are on-board yet. – VALLEY NEWS

Union fraud case against Windham couple delayed  The federal criminal case against a local couple charged with defrauding a Massachusetts construction union out of $2 million has been delayed, according to papers filed with the U.S. District Court in Boston. – LAWRENCE EAGLE-TRIBUNE

Sanders picks up first NH superdelegate: Sen. Fuller Clark  About three months after the primary and two months ahead of the Democratic National Convention, Bernie Sanders has picked up his first New Hampshire superdelegate — Martha Fuller Clark, a state senator from Portsmouth and the vice chair of the state party. – NH PUBLIC RADIO

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