News

The House defeated two Senate bills Thursday that would have given businesses $19 million in tax breaks. A bill to offer $1 million in credits against the business profits tax for research and development costs failed in a 192-107 roll…

Landscape architects looks like they will now be a licensed profession, if a bill that passed the Senate Wednesday is signed by Governor John Lynch. The law grew out of some rocky soil. It was germinating for years, and was…

A federal judge gave state highway designers some good news last week in a lawsuit by the Conservation Law Foundation over the proposed widening of Interstate 93 between Salem and Manchester. U.S. District Court Judge Paul Barbadoro ruled the three…

A Portsmouth company specializing in technology solutions for the nonprofit sector has enter into partnerships with satellite communications providers to bring satellite services to emergency relief workers. Global Relief Technologies has teamed up with GeoEye Inc. of Dulles, Va., and…

The Timberland Company of Stratham reported Tuesday that its first-quarter profit fell 31 percent due to higher operating expenses and lower revenue. A weak second-quarter performance also is expected, according to company forecasts. Net income for the first quarter ended…

Retail real estate investment company CB Richard Ellis Group reported yesterday a 26 percent increase in first-quarter 2006 revenue. The quarter ended March 31 saw revenues of $680.1 million with diluted earnings per share of 48 cents. First-quarter 2005 brought…

White Mountains Insurance posted a first-quarter net income of nearly $96 million last week, despite ongoing losses of $36 million due to last year’s hurricanes. With income amounting to $8.89 per diluted share, the company declared a $2 dividend. While…

The good news is Cigna beat Wall Street expectations on its first-quarter profits. The bad news is those profits fell some 19 percent from the same quarter a year ago. For the quarter ended March 31, the health insurance giant…

Macy’s Department Stores at the Pheasant Lane Mall in Nashua and the South Shore Plaza in Braintree, Mass., and the Filenes store at the Burlington Mall in Burlington, Mass., are among the seven Federated Department Stores retail real estate giant…

Ovation Products Corp. of Nashua, maker of an innovative water purification system, has received $7 1/2 million in funding from Andlinger & Company. Working more like an air conditioner than a tea kettle, Ovation’s clean-water appliance is packed into a…