New Hampshire Business Review - August 12 2011

N.H. bank profitability shows improvement

Profitability has been on the rise for New Hampshire banks over the past few years, but it's still significantly shy of pre-recession levels.The Federal Deposit Insurance Corp. on Tuesday released its banking performance summary for the second quarter ending June…

GT acquires Missouri solar tech firm

GT Advanced Technologies has acquired Confluence Solar Inc., a three-year old privately held Missouri company, in an $80 million cash deal that will give the New Hampshire-based firm the technology to enable it to manufacture furnaces that more efficiently make…

White Mts. seeks to buy back shares

White Mountains Insurance Group, is holding a "modified Dutch auction" for its shares.Under the auction, which started Aug. 18, a shareholder can name his or her price, between $385 and $435, anytime until midnight Sept. 15, when the auction is…

Ex-CEO sues Ezenia

Khoa Nguyen, former chief executive officer of Ezenia, has filed a $1.15 million suit against the Nashua company -- an amount that's twice as much as the company has in cash, according to the company's quarterly filing to the SEC.In…

Slew of new laws could benefit businesses

New laws that took effect this past weekend may spell some good news for New Hampshire employers, builders, wine manufacturers, manufactured housing park owners, and, yes, even businesses that pay taxes, as several laws passed last session went into effect…

Estate planning for the business owner

There are more than 10 million small business owners in America. Seventy percent of family-owned businesses fail shortly after the transition to the next generation, often as a result of family discord, taxes, lack of liquidity or inexperienced management. A…