News

SEC alleges N.H.-based Ponzi scheme

A Bedford-based Internet trading corporation is actually a Ponzi scheme run by a Canadian resident who used it to pay off previous investors and build up his Ontario horse farm, according to the U.S. Securities and Exchange Commission.The SEC charges…

Retailers sue over 'swipe' fee

The National Retail Federation is suing the Federal Reserve over claims that the 21-cent cap it imposed on debit card "swipe fees" for large banks isn't low enough.The debate over what is a reasonable and proportional amount for retailers to…

Fees disputed in Ezenia bankruptcy case

The bankrupt Ezenia should not pay certain professionals before all others -- especially those it owes money to -- urges the bankruptcy trustee in a matter expected to go before the U.S. Bankruptcy court on Tuesday.The Nashua-based software developer wants…

N.H. retailers have hopes for Xmas

Nearly two-thirds of New Hampshire retailers expect that their 2011 holiday sales will be the same as or better than last year.That's according to the annual holiday survey conducted by the Retail Merchants Association of New Hampshire, which found that…

N.Y. bank to buy Hampshire First

Manchester-based Hampshire First Bank has agreed to be acquired by Norwich, N.Y.-based NBT Bancorp.The deal, valued at $45 million, is expected to close in the early second quarter, pending state and federal regulatory approval as well as approval by shareholders,…

Processor: N.H. retailers gain from 'swipe fee' cap

New Hampshire merchants are already benefiting from recently enacted federal legislation that capped the amount big banks can charge merchants when their customers use debit cards, according to a national payments processor.Heartland Payment Systems -- the country's fifth-largest payments processor…