News

December foreclosures fall

The New Hampshire Housing Finance Authority said there were 203 foreclosed deeds recorded in the state in December 2010, an encouraging 11 percent drop from November, and a significant 36 percent decrease from December 2009.December was also the third consecutive…

Harvard Pilgrim, Tufts mull merger

Harvard Pilgrim Health Care and Tufts Health Plan, both based in Massachusetts, have acknowledged they are considering a merger, with the potential of combining operations in four states, including New Hampshire.The insurers signed a memorandum of agreement that would consolidate…

SBIR extended through May

The outcome was no great surprise, but a key technology grant program of the U.S. Small Business Administration has been given another short lease on life.The U.S. House Committee on Small Business has passed a resolution granting the Small Business…

Unitil declares quarterly dividend

Hampton-based Unitil Corp. has declared a quarterly dividend of 34.5 cents per share, payable Feb. 15 to recorded shareholders as of Feb. 1, the company announced.Unitil officials said the dividend results in a current effective annual rate of $1.38 per…

Farah denies any 'criminal intent'

Scott David Farah, mastermind of the Financial Resources Mortgage Inc. Ponzi scheme, told lenders the day before his sentencing for wire and mail fraud, that he never intended to steal their money.He insisted he didn't have "criminal intent," although he…

Algonquin Power renews $142m loan facility

Algonquin Power & Utilities Corp. has received approval on the renewal of a $142 million, three-year secured revolving credit facility, enabling it to take the next step in its plans to purchase two utility companies in New Hampshire.Algonquin's wholly owned…