News

‘Natural’ development files bankruptcy

A North Country resort, spa and condo complex for the environmentally conscious filed for bankruptcy protection on Monday, but its president, Laila Fekay, shrugged it off as a mere “interruption in the process,” and “just a way to refinance.” Besides,…

Wendy’s explores sale

Wendy’s International has announced that a special committee of its board of directors will begin exploring the possibility of selling the company. “Our goal is to move forward expeditiously and to minimize disruption to the company and its operations,” said…

American Skiing sees higher revenue

Resort and real estate revenues both increased for American Skiing Company during the third quarter ended April 29. And, while income from continuing real estate operations increased, the loss from continuing resort operations also increased according to the company’s quarterly…

Lawsuit liability bill goes to governor

The New Hampshire House, after a tough floor fight, sent a bill to the governor overturning a recent state Supreme Court decision on apportioning liability in a civil suit. The bill, opposed by business groups and municipalities, would prevent defendants…

R.I. SBA chief named interim regional head

Mark S. Hayward, the U.S. Small Business Administration’s Rhode Island District director, has been named acting New England regional administrator. He will replace Charles Summers, a lieutenant commander in the Navy Reserve who is being deployed to Iraq. Hayward will…