News

With one-time gains from the sale of its retirement benefits division leveling off, Cigna's fourth-quarter earnings fell nearly 60 percent. For the quarter ended Dec. 31, 2005, net income totaled $224 million, or $1.78 per share, compared with $558 million,…

Just a day after public announcement was made that Liz Claiborne lost out on its bid to purchase women’s apparel retailer J.Jill Group, Liz Claiborne announced it will eliminate 500 jobs and close nearly two dozen stores as a part…

Hurricane-related losses caused White Mountains Insurance Group to fall far short of the earnings target it set for last year. The company reported net income of $269 million in 2005, down from $419 million in 2004. The last quarter it…

The Center for Rural Partnerships, an organization aimed at connecting the needs and goals of rural communities with academic research and resources, has been established at Plymouth State University. PSU President Donald Wharton said the center will work on a…

The New Hampshire Senate Energy Committee voted 4-0 Tuesday to back a House bill that delays until at least June 30, 2008, the long-deferred sale of Public Service of New Hampshire’s power-generating facilities. Current law would force divestiture of the…

As their client awaits sentencing for his role in a $300 million fraud that bankrupted American Tissue Incorporated, lawyers for former CEO Mehdi Gabayzadeh say they plan to ask for lighter punishment because they say he is rapidly losing weight…

A Nashua-based creator of language-learning software has introduced a way to ensure that viewers’ enjoyment of the 2006 Winter Olympics is not hindered by a language barrier. Transparent Language has made it possible for winter sports enthusiasts to download -…

The Timberland Company of Stratham and New Hampshire Ball Bearings of Peterborough have joined the Facility Reporting Project, a new initiative of the Boston-based Ceres coalition, which is aimed at improving sustainability reporting and environmental performance at individual facilities across…

Riverstone Networks says it plans to sell off its assets for $170 million to Lucent Technologies as part of a Chapter 11 bankruptcy reorganization, the company announced Tuesday afternoon. Both companies said they hope that the deal can be finalized…

Tom Walsh, founder of Ocean Properties Limited, will be honored for his achievements in and contributions to the hospitality management industry when he is given the University of New Hampshire’s inaugural Hotelier of the Year Award next month. Established in…