New Hampshire Business Review - July 7 2006

Testing of a conceptual deployment and retrieval mechanism created by BAE Systems and the U.S. Air Force for fighter aircraft has been completed according to a recent statement released by BAE Systems, a defense and aerospace company headquartered in Nashua.…

Sovereign Bancorp., the Philadelphia, Pa.-based parent corporation of Sovereign Bank, posted a loss of nearly $52 million for the second quarter of 2006 ending June 30. Earnings per diluted share were also recorded at a net loss of 11 cents…

The Business and Industry Association of New Hampshire has scheduled two forums next week, one related to conserving energy for residential consumers, and the other on conserving the state’s energy. On Tuesday, July 25, WasteCap will present a panel on…

Shareholders of the bankrupt Riverstone Networks will pay advance legal fees for current and former officers being investigated by those very same shareholders, a federal bankruptcy court ordered on Monday. The former officers to be covered include several holdovers from…

Stuart Arnett, who had planned to step down this summer as director of the state Division of Economic Development, has agreed to stay in his post until October. Arnett resigned in late May to accept a position with GSFA Consulting,…

Richard Kessel has been named president and chief executive officer of Environmental Power Corporation, the Portsmouth-based developer and operator of renewable power facilities. Kessel succeeds Kamlesh R. Tejwani, who has served as Environmental Power’s president and CEO since July 2003…

A Massachusetts credit reporting company charges that a former New Hampshire employee took the company’s trade secrets with him to a West Coast rival. But the employee and his new company deny it, saying that the charges are in retaliation…

New Hampshire Thrift Bancshares Inc.'s second-quarter net income rose 7 percent, the company reported. The Newport-based holding company for Lake Sunapee Bank said income increased to $1.39 million from $1.3 million during the same period a year ago. On a…

The United States Department of Agriculture is making more than $1 million available to small minority producers in an effort to assist with the establishment of farming operations. According to a recent statement released by Agriculture Secretary Mike Johanns, Individual…

A federal bankruptcy judge Wednesday issued an almost $4 million attachment on Stephen and Patricia Foss’ assets, arguing that it is likely that creditors can prove their case that Foss Manufacturing Company illegally paid out dividends, excessive compensation and improvements…