News

Southern N.H. Bank to change name

Salem-based Southern New Hampshire Bank and Trust will be changing its name to Bank of New England - a name that may seem familiar to the region’s bank customers. The locally owned and privately held financial institution was founded some…

CBT reports earnings

Community Bank and Trust ended the year making slightly less money than the previous quarter and year, mainly because the spread narrowed between the cost of money and the income it produced. The Wolfeboro-based bank reported a net income for…

Industry-university partnership grants offered

The New Hampshire Industrial Research Center, which supports short-term collaborations among New Hampshire companies and the engineers and scientists at the University of New Hampshire, Dartmouth College and other academic institutions, has issued a new request for proposals for funding…

Bottomline reports 2Q loss

Bottomline Technologies lost $2,100,000 in the second quarter ending -- the same amount it compensated its executives in stock -- the Portsmouth-based payroll software company reported after trading Wednesday. The company reported $29.7 million in revenue for the quarter that…

WBC measure wins Senate backing

An amendment submitted by Senator John Sununu that would bolster support for the nation’s Women’s Business Centers has been unanimously passed by the Senate. Added to the minimum wage bill, the amendment - which included provisions added by Sens. John…

Ex-Enterasys execs seek sentencing delay

The four convicted former Enterasys Networks executives asked US District Judge Paul Barbadoro on Wednesday to delay their sentencing by nearly a month. The defendants -- former CEO Robert Gagalis, Bruce Kay, former vice president of finance, Robert Barber, a…

Wheelabrator loses $615m Florida deal

The competition trashed Wheelabrator Technologies in its bid for the waste-to-energy incinerator contract for Pinellas County, Florida. Pinellas County, which is home to the cities of St. Petersburg and Clearwater, accepted a $615 million bid from Veolia ES of Lombard,…

Fitch gives Manchester AA+ rating

The Fitch bond rating firm has rated the city of Manchester’s 2007 general obligation bonds “AA+” and its school facility revenue bonds “AA.” The New York company said that the ratings on the $33 million of general obligation bonds reflected…