News

Housing nonprofits receive grants

Neighborhood Housing Services of Greater Nashua was the top recipient of an annual federal grant to help alleviate the lack of affordable housing and promote economic development in Nashua. The nonprofit received a total of about $487,000 in financial assistance,…

The markets: The week that was

Banknorth Group (BNK) reported second-quarter net income of $95.8 million, a 10 percent increase over a year ago. For the quarter, Banknorth had income of 55 cents per share, up from 53 cents for the same period last year. Its…

Regional firms net VC

Venture capitalists invested $916.6 million into New England firms in the second quarter — the most since late 2001 — according to a new study. New England venture investing increased for the third consecutive quarter, as investors placed big bets…

Notes

Manchester: Ted Herbert’s Music Mart, a Manchester landmark, is merging with the Frederick, Md.-based Music and Arts Centers chain. Terms of the deal, which includes the music store business but not the music school or the store property, were undisclosed.…