News

Vermont-based Chittenden Corporation’s announced $124 million acquisition of Community Bank & Trust in Wolfeboro will solidify the position of Chittenden subsidiary Ocean National Bank as the fifth-largest bank in New Hampshire. The merger also would mean the loss of one…

Outback Steakhouse, Carrabba’s Italian Grill and other restaurant brands owned by OSI Restaurant Partners are being sold to a private investment group. OSI stockholders met Tuesday and voted to accept a $3.2 billion offer from Bain Capital Partners LLC and…

The securities fraud trial of Jerry Shanahan, former chief operating officer of Enterasys Networks, has been moved to July 10 - a date set after Shanahan’s attorney asked the court to dismiss the case, charging his client’s right to a…

The recent sale of more than 2 million shares of common stock and an additional bridge loan have left business software company Mangosoft with $914,000 in total assets following the close of the first quarter of 2007. The Nashua-based firm’s…

The New Hampshire Legislature has backed a measure that supporters say will help protect state interests in international trade agreements. On May 31, the House approved Senate Concurrent Resolution 3, by a 191-106 vote. The resolution calls on federal trade…

Officials of Portsmouth-based Environmental Power Corporation announced Thursday they will terminate a 22-year leasehold interest in the Pennsylvania-based Scrubgrass Facility held by its Buzzard Power subsidiary due in part to the failure of the facility to meet financial performance expectations.…

David Colby has resigned as chief financial officer of Wellpoint, parent corporation of Anthem Blue Cross Blue Shield in New Hampshire, after alleged breaches of the company’s code of conduct. The nation’s largest health insurer said in a statement that…

The New Hampshire Senate has decided not just to study mortgage foreclosure “rescue scams” but to do something about them. In a 23-0 vote, the Senate passed a bill that would regulate mortgage foreclosure consultants, some of whom offer to…

The House Ways and Means Committee Wednesday voted to endorse creation of a research and development tax credit. Under Senate Bill 134, a company would be able to claim up to $50,000 annually in credits against the business profits tax…

Legislation establishing civil unions in New Hampshire has been slowly making its way toward Governor Lynch’s desk ever since its final approval in the Senate more than a month ago. But it’s expected that the measure, House Bill 437, will…