News

What makes Manchester tick?

NHBR’s editors recently met with businesspeople from around Manchester to get their take on how the area’s economy is faring and what their expectations are for the future.The participants were:• Monica Zulauf, executive director, Manchester YWCA• Mike Reed, president, Stebbins…

Gas prices continue to creep up

Prices at the pump in New Hampshire are continuing their march up from last week.As of Wednesday, a gallon of regular gas in Manchester was about $2.75, a penny higher than the previous day and 3 cents higher than last…

CPEX drops Nasulin development

CPEX Pharmaceuticals has abandoned its attempt to develop Nasulin, a nasal insulin spray and one of the company’s key potential products when it was spun off from Bentley Pharmaceuticals in the summer of 2008.The Exeter-based firm buried the news in…

N.H. House has a full plate of bills

Workers with their hours cut should be able to collect unemployment benefits, even though they are still employed.Hospitals and insurers should collectively pay a $250,000 fee to study why the cost of health care is going up.Vendors who repeatedly sell…

A.M. Best affirms MEMIC rating

Credit rating agency A.M. Best has affirmed the rating of MEMIC Indemnity Company, a subsidiary of MEMIC Group of Portland, Maine, with offices in Manchester, of A, according to a release by the insurance company.According to the ratings agency, MEMIC…

UBS settles student loan suit for $20m

UBS Securities Inc. will pay the organization that once issued nearly all of New Hampshire's student loans $20 million, as part of the state Securities Regulation Bureau's largest securities fraud settlement to date. UBS also agreed to reimburse the bureau…

2003 letter to AG: freeze FRM assets

The New Hampshire Attorney General’s Office was asked in 2003 about freezing the assets of Financial Resources Mortgage Inc. -- more than six years before the Meredith firm went bankrupt.That bankruptcy could cost hundreds of investors millions of dollars in…