News

House kills R&D tax credit

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…

Timberland reports weak first quarter

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…

CB Richard Ellis Group sees earnings hike

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 reports 1Q earnings

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…