News

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…

The Timberland Company of Stratham has once again been named to Business Ethics magazine’s “100 Best Corporate Citizen” list for its corporate social responsibility efforts. It is the company’s seventh such recognition by the magazine. Companies on the list were…

Presstek President and CEO Edward Marino earned a compensation package of $811,254 last year, according to a filing with the Securities and Exchange Commission. The package included a $450,000 base salary and slightly less than $213,000 in stock options. Moosa…

The Senate Finance Committee voted 5-1 Tuesday to require a the builder of a wood-fired power plant in the Berlin region to enter into a profit-sharing arrangement with ratepayers . The amendment, crafted largely by Senate President Ted Gatsas, R-Manchester,…

A federal bankruptcy court judge Monday approved the sale of virtually all of Foss Manufacturing’s assets to private investors on Monday, clearing the way for the Hampton plant to remain open and the workers to keep their jobs. Alinian Capital…

Sturm, Ruger & Company closed out 2005 with disappointing earnings, finishing the fourth quarter with a loss. For the fourth quarter of 2005, the company reported said it had net sales of $41 million, a net loss of $1.8 million,…