News

The number of "underwater" homes in New Hampshire has risen more than 8 percent over the last year.A home is considered underwater when the amount owed on the mortgage exceeds the value of the property. As of the end of…

Timberland as an independent company is no more, and CEO Jeff Swartz will no longer run what was a family business for six decades.The new Timberland corporation is a unit of VF Corp. and will be run by Patrik Frisk,…

>The consequences for stealing $500 or less at work have been made tougher for employees, at least when it comes to unemployment compensation.The bill, which went into affect on Sept. 11, was a reaction to the so-called "right to steal"…

Synchronized Manufacturing Technologies Inc., a Salem metal and electronic facility shut down operations on Sept. 9, leaving about 10 people out of work, according to Paul Litwack president and CEO of Da-Tech Corp., a Pennsylvania manufacturer that bought Synchronized Manufacturing's…

A Sept. 9 NHBR.com story about Standex International Corp. contained several errors and omissions.The Salem-based manufacturer's profit actually rose almost 23 percent in its fiscal fourth quarter on strong performances by its engineering technologies and electronics and hydraulics operations.Earnings increased…

Total future construction contracts in New Hampshire plummeted 84 percent in July 2011 compared to the same month in 2010, but last year's figures could have been inflated by the federal economic stimulus spending.Future construction contracts in the state totaled…

Standex International Corp. is selling more but at a smaller margin during its last quarter and fiscal year, according to an earnings report released Wednesday.Sales were up in the small Salem-based conglomerate by 15 percent to $174.6 million in the…

There were 30 percent fewer foreclosures in July of this year than in the same month last year, according to the New Hampshire Housing Finance Authority.Some 238 foreclosure deeds were recorded in the state in July 2011, which was a…

More travelers visited New Hampshire this Labor Day weekend than did in 2010, even though gas prices were up more than a dollar per gallon over last year.That's according to the state tourism department, which said toll traffic was up…