News

The U.S. Securities and Exchange Commission's civil case against former Tyco International Ltd. top executives L. Dennis Kozlowski and Mark H. Swartz has been given the green light following a federal judge’s decision to lift a stay on discovery in…

Postal workers don’t have to ring twice in New Hampshire. The state was one of eight territories in the country where 97 percent of postal customers voiced their satisfaction with the Postal Service. Other regions scoring at least 97 percent…

Gerald Mulligan will take over in January as the new chief executive officer of LSB Corporation, parent company of Massachusetts-based Lawrence Savings Bank. The company said Mulligan will replace Paul Miller, who is stepping down in anticipation of retirement. Mulligan…

Blaming falling lumber and pulp prices, Fraser Papers has reported losing $5 million for the second consecutive quarter. For the third quarter of 2005 ending Oct 1, Fraser lost $5 million or 16 cents per share compared to earnings of…

Hurricanes Katrina and Rita rained on White Mountain Insurance’s third-quarter report, but despite an estimated $186 million in expected claims, the company appears to be on the way to making money this year. The winds and flooding resulted in a…

Citing decreasing enrollment and premiums, Cigna Corporation reported a loss of nearly $50 million in the third quarter of 2005 when compared to the same quarter last year. The Philadelphia-based insurer said net income fell to $259 million, or $2…

Plans by the towns of Littleton, Bethlehem and Lisbon to join forces and jointly build an industrial park continue to move forward. According to the Caledonian-Record newspaper of St. Johnsbury, Vt., officials from the three towns have signed off on…

Richard P. Lindsey resigned last week as the Salem-based StockerYale’s chief financial officer, to be replaced by Marianne Molleur, the company’s cooperate controller. Lindsey, a defendant in a class action lawsuit against the company, said he resigned to "to pursue…

Everybody has a pet peeve, but when a lawmaker has one it can become a bill. Rep. Rep Ralph Rosen, R-Laconia, would like to prohibit restaurants from including tipping in the price of a meal. The practice, which usually occurs…

Portsmouth-based Bottomline Technologies’ earnings drop due to an accounting change apparently did not please investors. The stock took a nosedive the morning after earnings were announced, declining at one point by as much as 20 percent. The Portsmouth provider of…