News

S&P raises Chittenden rating

Standard & Poor's Rating Services recently raised its ratings on Chittenden Corporation, parent company of Ocean National Bank. The ratings action, taken on Feb. 10, raised the ratings on Chittenden and its subsidiaries from 'BBB' to 'BBB+,' with a stable…

BAE demonstrates unmanned aerial system

Representatives from BAE Systems in Nashua were in Fort Benning, Georgia, yesterday to demonstrate the company’s newest unmanned aerial system for members for the Defense Advanced Research Projects Agency and representatives from the United States Army. The new technology, complete…

House OKs unemployment tax hike

The New Hampshire House passed without debate a bill that would raise the unemployment tax by a little more than 12 percent. Under the measure, would affect the first $9,000 of a worker’s wages - the threshold is currently $8,000.…

N.H. lawsuit filed over Tyco split-up

A group of institutional investors that are already part of a class action lawsuit against the company have sued to block Tyco International’s proposed three-way breakup plan, saying it is a ploy to shield assets. The group filed the suit…

Portsmouth takes eco-safe tuna national

A Portsmouth purveyor of fish and seafood has begun national distribution of canned tuna and salmon that meets stringent Environmental Protection Agency safety guidelines. EcoFish is distributing canned tuna and salmon that have been tested at an independent laboratory and…

House votes down ‘Wal-Mart bill’

The New Hampshire House voted 212-128 Wednesday to kill a bill to make the state's 25 largest companies offer health benefits equal to 10-1/2 percent of their payroll. Supporters of House Bill 1704 said the vast majority of businesses already…

PSNH parent declares dividend

Northeast Utilities, parent company of Public Service of New Hampshire, has declared a regular common dividend of just over 17 cents per share, payable on March 31 to shareholders of record as of March 1. NU, based in Berlin, Conn.,…

Amphenol TCS president at CEO forum

Rick Schneider, president of Amphenol TCS, will discuss managing company change and adjusting to change in the interconnection industry at the next University of New Hampshire CEO Forum. To be held March 9, “Amphenol TCS: A Business Managing Constant Change”…