New Hampshire Business Review - February 25 2011

iCAD sued over subsidiary's product

Nashua-based iCAD is the target of a $14.5 million lawsuit over a recalled product that it inherited when it purchased another company in December.The firm, which sells imaging systems used to detect cancer, bought Sunnyvale, Calif.-based Xoft in December for…

$9.6m in bonuses for White Mts. execs

Five executives from White Mountains Insurance Group and affiliates have received bonuses and payouts totaling $9.6 million, according to a filing with the Securities and Exchange Commission.The awards don't count salaries, which is about $500,000 apiece.White Mountains is a holding…

N.H. near the LEED in green buildings

When it comes to building green in the United States, New Hampshire's architects, contractors and suppliers are among the leaders of the pack.That's according to the nonprofit U.S. Green Building Council, which used data from the 2010 census to determine…

Ezenia! cuts workforce from 24 to 13

It doesn't take a software engineer to figure out that Ezenia! Inc., the Nashua-based networking company, has fallen on some tough times. On Wednesday, it quietly announced in a Securities and Exchange Commission filing that it cut its workforce nearly…

Standex acquires U.K. firm

Standex International Corp. has purchased Metal Spinners Group Ltd. of Newcastle, U.K., a metal fabrication supplier to the medical, general industrial and energy industries.The Salem-based diversified manufacturer said Metal Spinners will become a part of its engineering technologies unit, providing…

GT Solar settles class action suit

GT Solar International Inc. has settled a class action suit related to its July 2008 initial public offering for $10.5 million, and all but $1 million of that total will be paid by its insurance company, the company announced Monday.The…

February new hires drop 26%

Just as the nation's employment picture shows sings of improvement, the number of newly hired workers in New Hampshire plunged by 25.6 percent in February as compared to January.The New Hampshire Department of Economic Security reported that there were 13,719…

February bankruptcies drop 20%

Only one business went bankrupt last month, the lowest number since this recession began. That is good news for just about everybody but the company and its creditors.Here is some more good news: Total bankruptcies went down by about 20…