News

Shareholders of the bankrupt Riverstone Networks will pay advance legal fees for current and former officers being investigated by those very same shareholders, a federal bankruptcy court ordered on Monday. The former officers to be covered include several holdovers from…

Stuart Arnett, who had planned to step down this summer as director of the state Division of Economic Development, has agreed to stay in his post until October. Arnett resigned in late May to accept a position with GSFA Consulting,…

Richard Kessel has been named president and chief executive officer of Environmental Power Corporation, the Portsmouth-based developer and operator of renewable power facilities. Kessel succeeds Kamlesh R. Tejwani, who has served as Environmental Power’s president and CEO since July 2003…

A Massachusetts credit reporting company charges that a former New Hampshire employee took the company’s trade secrets with him to a West Coast rival. But the employee and his new company deny it, saying that the charges are in retaliation…

New Hampshire Thrift Bancshares Inc.'s second-quarter net income rose 7 percent, the company reported. The Newport-based holding company for Lake Sunapee Bank said income increased to $1.39 million from $1.3 million during the same period a year ago. On a…

The United States Department of Agriculture is making more than $1 million available to small minority producers in an effort to assist with the establishment of farming operations. According to a recent statement released by Agriculture Secretary Mike Johanns, Individual…

A federal bankruptcy judge Wednesday issued an almost $4 million attachment on Stephen and Patricia Foss’ assets, arguing that it is likely that creditors can prove their case that Foss Manufacturing Company illegally paid out dividends, excessive compensation and improvements…

The Business & Industry Association of New Hampshire has taken steps that it says will increase businesses' participation in the state’s political process by launching the New Hampshire Business Political Action Committee. While the BIA said the new PAC will…

Paul Denton, executive director of the Community Development Finance Authority, has resigned from his post, the agency announced yesterday. The brief press release said Denton - who has served in the post for some 18 months -- decided to leave…

As rising copper prices spark what may be a rash of burglaries in certain parts of the Granite State, law enforcement officials believe vigilance is the best means of protection. Copper prices peaked above $2 pound earlier this summer and…