New Hampshire Business Review - May 20 2011

Four ex-Cabletron execs settle with SEC

Piyush Patel, the former chief executive of Cabletron Systems, David Kirkpatrick, the former chief financial officer, and two other former executives have reached a tentative settlement with the Securities and Exchange Commission relating to fraud charges involving Cabletron and its…

GT Solar comptroller unexpectedly resigns

GT Solar Inc.'s comptroller and former chief financial officer resigned without explanation the day he signed off on the company's annual filing with the Securities and Exchange Commission.Richard E. Johnson resigned from the Merrimack-based company on May 26, the company…

Balsams transaction delayed again

Closing on the sale of The Balsams Grand Resort in Dixville Notch to Ocean Properties has been extended a second time, through June 6.The prospective buyer, Ocean Properties, has asked for a continuation of the due-diligence period. A previous extension…

SBIR funding safe until Sept. 30

Two key federal small-business innovation programs have once again narrowly eluded shutdown, but a long-term solution remains elusive.The Small Business Innovation Research program, or SBIR, and the related Small Business Technology Transfer, or STTR, program have received another temporary appropriation…

GT Solar '11 earnings sizzle

Merrimack-based GT Solar posted a net income of $51.9 million, or 41 cents a share in the last quarter, bringing its net income for the fiscal year to $175 million, or $1.24 a share, with a backlog of $1.2 billion,…