Author: NH Business Review Staff

Ezenia lists assets, debts in Chapter 11 filings

Ezenia, the Nashua software company that filed for Chapter 11 bankruptcy protection at the end of September, is claiming assets of $2.5 million and debts of close to $900,000, according to subsequent filings.But on closer examination, the largest asset --…

Crowdfunding gets big boost in Congress

A bill that would let entrepreneurs sell ownership stakes in their companies through crowdfunding websites and other online social networks has been overwhelmingly approved by the U.S. House.Earlier this month, members of the House voted 407-17 in favor of HR…

N.H. bankruptcy filings continue to drop

New Hampshire's bankruptcy crest, which began in the spring of 2009, has now subsided. Ever since May, the number of filings in 2011 has not just been lower than last year's, but below 2009 filings as well. And in October…

Bill seeks big hike in BPT equipment deduction

Larger businesses in New Hampshire could get a big break in their business profits tax bill if a measure passed by the Senate Ways and Means committee becomes law.Senate Bill 155 would allow businesses to increase their maximum annual deduction…

GT earnings slide in second quarter

GT Advanced Technology's second-quarter profits and revenue declined compared to last year at the same time, and the company has revised its guidance downward, but GT still has a $2.1 billion backlog of orders.The Merrimack-based maker of material and equipment…

Pennichuck sees earnings dip

Pennichuck Corp. reported comprehensive income of $2 million, or 51 cents a diluted share, for its third quarter, slightly less than the $2.2 million figure reported during the same quarter of last year, even though net income and revenue increased…

California firm fires back in GT suit

GT Advanced Technology is employing a "continued strategy of competition by litigation" in filing a "frivolous" and "completely false and baseless" lawsuit against Poly Plant Project Inc. last week, the Burbank, Calif., company said in a Monday morning press release."This…

PC Connection income gains

PC Connection posted net income of $9.4 million, or 35 cents a share, in its third quarter ending Sept. 30, up slightly from the $8.6 million posted during the same quarter last year.That brings profits at the Merrimack-based firm to…

Bahres, N.Y. firm own largest shares of new Maine casino

Robert and Gary Bahre, former owners of New Hampshire International Speedway and the Oxford Plains Speedway in Maine, and a New York real estate firm are the largest owners behind the casino under construction in Oxford, according to documents released…

The new service auditor standard and your business

On June 15, the American Institute of Certified Public Accountants' reporting standard known as SSAE 16 effectively replaced the SAS 70 standard for U.S. service organizations to test their internal controls.With SSAE 16, AICPA has developed a reporting standard intended…

10 economic trends that can drive career choice

A prominent topic in the career development field, and indeed in the popular culture, are the "hottest careers of the year." You know the headlines: "Hottest Careers of 2012," "Coolest Jobs for Today's College Grads" and "Present-Day Must-Have Careers."These make…

Taking the ‘Yes’ approach to avoiding layoffs

Q. As a small business owner, I can't offer the types of benefits large corporations can. Are there things I can do that don't cost a lot of money to retain employees?A. As a small business owner you actually have…

Are our kids learning how to succeed?

It's a beautiful morning and I'm headed to a meeting when -- oh no, a school bus!Well, I'm stuck. The bus stops every 50 yards or so for the little darlings. The lights start flashing and everything stops. The kids…

The importance of roads to New Hampshire

The imminent opening of the access road to the Manchester-Boston Regional Airport, to be known as Raymond Wieczorek Drive, as well as the Interstate 93 widening project and other infrastructure improvements, got me thinking about roads. So did a recent…

Why the U.S. needs biennial budgeting

The American people are waiting for leadership from Washington. They desperately want to see both parties work together to strengthen our economy and reduce our deficit for the good of the nation. But instead of debating these issues, Congress was…

State needs to rebuild its rainy day fund

Just a little over four years ago, New Hampshire found itself in an enviable financial situation. With $89 million in the rainy day fund to protect against future economic downturns, we had a chance to make a strong case for…

Beware of misinformation on taxes

It started with a simple statement from the president: "Middle-class families shouldn't pay higher taxes than millionaires and billionaires."The right wing exploded. The Union Leader said the president was being "disingenuous." Syndicated columnist Deroy Murdock called the president a liar.…

Ayotte takes aim at Internet tax bill

If U.S. Sen. Kelly Ayotte gets her way, New Hampshire retailers that sell their goods online to residents of other states won't have to collect and remit sales taxes back to those states.That's the gist of a new bipartisan resolution,…

Earnings reports pour in from N.H. firms

There has been a flurry of earnings reports over the last week from public companies based in New Hampshire or with substantial operations in the Granite State. Here is what some firms have reported.StandexStandex International Corp., Salem, reported a net…

GTAT expands suit over alleged IP theft

GT Advanced Technologies has widened its litigation against the Italian citizen who allegedly stole the Merrimack-based company's technology and the California company that allegedly benefited from the alleged intellectual property thievery.The maker of equipment and materials used to manufacture solar…

Q&A with Patent lawyer Bill Loginov

Legislation to change and update the nation's patent laws has been lost in the headlines about the economy. But patent attorney William Loginov of Concord has been keeping a close eye on the legislation, the Leahy-Smith America Invents Act, which…

Remembering Perkins Bass

New Hampshire recently lost two significant citizens, one well known and one less so, but both important.Former Congressman Perkins Bass of Peterborough died Oct. 25 at age 99. Bass, himself son of a Republican governor, Robert Bass, was born in…

2011 NHBR Business Excellence Awards winners

Thirteen businesspeople were honored Oct. 27 at the New Hampshire Business Review's ninth annual Business Excellence Awards, which recognize the efforts and achievements owners of companies with 100 employees or fewer. More than 300 people attended the event, which was…

U.S. visa program lures foreign investors to N.H.

They are hardly "huddled masses" and far from "poor" or "wretched refuse," but they are foreigners and they want to become U.S. citizens. And, under the federal EB-5 visa program, they not only don't have to wait in line, they…

Bottomline 1Q net falls

Bottomline Technologies reported a net income of $1.7 million (a nickel a share) in the first quarter of the company's fiscal year, which ended on Sept. 30.That's a falloff of nearly $1 million from the $2.7 million net income reported…

Presstek gets Nasdaq delisting warning

Presstek, Inc.'s stock will be delisted if it doesn't get its stock price up, Nasdaq warned the company last week. But the Hudson-based printing equipment can still be traded on the exchange, at least until April.The company's stock traded below…

Panel approves watered-down health mandate bill

A bill that set out to repeal all of the health insurance mandates passed when Democrats last had control of the New Hampshire Legislature will effectively repeal only one - a mandate that insurers pay for midwives - at least…

FairPoint names McHugh president

Patrick C. McHugh, FairPoint Communications' assistant general counsel in northern New England, has been named the company's New Hampshire state president.He succeeds Teresa Rosenberger, who stepped down from the post last month to return to her work at the Devine…

Verizon duped FairPoint, suit charges

A group of former FairPoint Communications creditors has filed suit against Verizon Communications, charging that the giant telecom is to blame for FairPoint's bankruptcy and continued financial troubles.The creditors have formed a litigation trust and filed a $2 billion fraudulent…

Kingsbury workers get no treat for Halloween

The bankrupt Kingsbury Corp. told its workers Monday they might have to wait until the company is sold before they can get paid three weeks' back wages from July.The company was in Bankruptcy Court in Manchester to get approval from…

Books-A-Million begins opening at former Borders sites

As part of a move to expand its New England footprint, Alabama-based Books-A-Million recently opened its first New Hampshire store and will open two more by the end of this week.Books-A-Million had a soft opening of its first Granite State…

Winners honored at 9th Business Excellence Awards

Thirteen businesspeople were honored Thursday night at the New Hampshire Business Review's ninth annual Business Excellence Awards, which recognize the efforts and achievements owners and operators of companies with 100 employees or fewer.More than 300 people attended the Oct. 27…

Daddy’s customers look for answers

Customers of Daddy's Junky Music whose items were being repaired or who had made deposits on equipment are trying to figure out where they stand now that the New Hampshire-based chain of music equipment stores closed its doors abruptly Wednesday…

Unitil on track for stronger 2011

Hampton-based Unitil Corp. posted a net loss of $1.6 million, or 15 cents a share, in its third quarter, thanks to expensing $2 million in costs due to the ice storm in 2008. But, according to the company's earnings report…

FairPoint suit seeks $6.2m from CLEC

FairPoint Communications is taking on the nation's biggest competitive local exchange carrier -- or CLEC -- in federal court, saying it is owed $6.2 million.On Monday, FairPoint's two subsidiaries (Vermont LLC and Northern New England Telephone Operations LLC ) filed…

N.H. Women’s Caucus set at Colby-Sawyer

Sheryl WuDunn, Pulitzer Prize-winning journalist and co-author of The New York Times best-selling book, "Half the Sky: Turning Oppression into Opportunity for Women Worldwide," will deliver the keynote address at the first New Hampshire Women's Caucus.The "What Women Want Now"…

Future construction shows some life

The total dollar amount of future construction contracts in New Hampshire picked up somewhat in September, putting a stop to a troubling downward trend.According to industry information service McGraw Hill Construction, which collects the data, future construction contracts totaled $98.6…

House panel waters down naturopath mandate

The New Hampshire House Commerce Committee Tuesday backed away from requiring health insurers to cover patients using naturopath doctors as primary care physicians in the small group market.Instead, the requirement will be limited to the individual market, where people already…

Out of the gate, Timberland boosts VF’s bottom line

VF Corp.'s acquisition of Stratham-based The Timberland Company earlier this year has paid off immediately and more than expected, according to the North Carolina-based firm's earnings report released Monday.VF closed the deal $2.3 billion deal on Sept. 13, and it…

Shaheen helps lead effort to save SBIR funding

The U.S. House is trying to weaken the U.S. Senate's bid to reauthorize two programs that bring millions of dollars of research money to small businesses, according to U.S. Sen. Jeanne Shaheen, D-N.H., who is joining with Republican Sen. Scott…

How to thrust leadership upon them

Shakespeare once wrote, "Some are born great, some achieve greatness, and some have greatness thrust upon them." In leadership theory and practice, all apply.Our primary goal as a leader is to make more leaders. This is no easy thing to…

Become a social media star: the value of video

Video may have killed the radio star, but online videos have led to increased sales and expanded brand awareness for companies of all sizes and industry - and online video use is increasing at an impressive rate.According to a recent…

Flotsam & Jetsam: Out and About

Usually if you're doing the overnight newscast, even on a network like ABC, you wonder if anyone's paying attention. But Dan Kloeffler -- of ABC's "World News Now" early-morning broadcast -- found out that there were people out there watching.Kloeffler…

Praise for Bass’ TRAIN Act ‘no’ vote

To the editor:As a New Hampshire business owner committed to preserving a healthy environment, I wanted to offer my thanks to Congressman Charlie Bass for rejecting the TRAIN Act in the House last week. As we witnessed in the GOP…

Does Northern Pass deserve special treatment?

Unless you live completely off the grid, you cannot have missed the impressive advertising campaign for the Northern Pass project, which proposes building 180 miles of electric transmission lines through New Hampshire to bring Canadian electricity to New England.These daily…

Let’s send every child to a good school

According to the U.S. Department of Education, almost 27 percent of children in America already have access to the school of their choice. As recently as 2007 -- the most recent year of available data from the National Center for…

A response to the Social Security ‘smear campaign’

Claims that Social Security is a Ponzi scheme are just part of a continuing right-wing campaign to smear our most successful, and most popular, government program.Social Security was created in 1935 to solve a problem: millions of Americans were living…