News

IRS sets new mileage rate for 2006

The New Year will ring in an Internal Revenue Service adjustment to the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business purposes. The new 2006 rate has been set at 44.5 cents…

Exeter chamber seeks nominations

Nominations are currently being accepted for the Exeter Area Chamber of Commerce’s Business of the Year Awards, to be presented at a luncheon in March. Award categories are: manufacturing/technology, education/non-profits, retail/wholesale, real estate/construction/engineering, health care, financial services/insurance, business services and…

American Skiing upbeat despite loss

American Skiing Company, owner of Attitash Ski Resort in Bartlett and seven other resorts in Vermont, Maine, Colorado and Utah, reported a net loss of $42.2 million, or $1.33 per basic and diluted common share, for the first quarter of…

Firm shuts Mich. plant, moves work to N.H.

Plans of a Michigan-based automotive parts manufacturer to close a tooling fabrication facility and transfer equipment to its New Hampshire facilities will not necessarily bring jobs to the Granite State, they will allow the employees of its New Hampshire operation…

Brookstone closes 3Q down

Banishing the Gardeners’ Eden product line still left Merrimack-based lifestyle retailer Brookstone’s revenues in limbo, reporting $76.7 million in net sales, a 7.3 percent decrease for the third quarter of 2005 ended Oct. 29. It was the last revenue report…

GT Equipment tops $80m in China orders

GT Equipment Technologies, a Merrimack-based developer of solar photovoltaic power sources, has received a record order for 100 specialized silicon growth furnaces from LDK Solar Hi-Tech Co. of Jiangxi, China. The deal brings GT Equipment’s business in China to more…

GlycoFi in Merck alliance

Lebanon-based GlycoFi has established a strategic alliance and multi-year research collaboration with Merck & Co. Inc., the pharmaceutical giant, that will focus on he use of GlycoFi's yeast-based glycoprotein optimization platform to develop biologic and vaccine drug candidates. The companies…