New Hampshire's Business News for August 4
A look at today's top business headlines, including: Sturm Ruger CEO to step down, Dover man pleads guilty for gun smuggling, candidates divided over Americans for Prosperity pledge, Taj Mahal casino closing, new Mass. law calls for equal pay, senior housing coming to Plaistow
Sturm Ruger CEO to step down to take a high-paying consulting role next year But the first thing CEO Michael O. Fifer talked about was how much Sturm Ruger will contribute to the National Rifle Association to defeat Hillary Clinton's gun control policies, even though the company is building up inventory for the anticipated run on guns if she is elected. –N.H. BUSINESS REVIEW
Dover man pleads guilty to gun-smuggling A Dover man pleaded guilty to illegally buy guns from local stores and smuggle them for the protective security detail of the president of Indonesia. – FOSTER’S DAILY DEMOCRAT
New Hassan campaign ad promotes business growth with 'fiscally responsible leadership' In its third television ad of the U.S. Senate campaign, Gov. Maggie Hassan’s campaign promotes her “fiscally responsible leadership” while several business owners say her approach has helped their companies grow.– WMUR-TV
Republican candidates for N.H. governor divided over Americans for Prosperity 'pledge' Each year since 2010, the conservative advocacy group Americans for Prosperity has asked New Hampshire candidates to sign onto a “pledge” vowing to cut taxes and spending, as well as to oppose the Affordable Care Act. – N.H. PUBLIC RADIO
Trump Taj Mahal casino closing; Carl Icahn says he lost $100M The Trump Taj Mahal casino, opened 26 years ago by Trump in Atlantic City, announced Wednesday that it will shut down after Labor Day resulting in the loss of 3,000 jobs.—BOSTON HEARLD
New law protects workplace flexibility requests Last session, New Hampshire’s Republican-led legislature passed an important piece of legislation in the area of labor and employment law, which Gov. Maggie Hassan has signed into law. – N.H. BUSINESS REVIEW
New Massachusetts law requires equal pay for comparable work Republican Gov. Charlie Baker has signed into law a bill requiring men and women be paid equally for comparable work in Massachusetts. – WMUR-TV
Council approves acting commissioner of cultural resources The Executive Council has confirmed Michael York as acting commissioner of the Department of Cultural Resources, following the death of Commissioner Van McLeod last month. – CONCORD MONITOR
N.H. hits resistance in investigation of Pharma's opioid marketing practices New Hampshire’s Attorney General Joe Foster suspects false marketing of legal pills has led to abuse of illicit drugs like heroin. That’s why he subpoenaed the nation’s largest manufacturers of prescription painkillers. – N.H. PUBLIC RADIO
Closing Concord steam plant, installing gas carries $15 million price tag for state The state is facing an estimated $15 million in unexpected expenses to deal with the closure of Concord Steam, a small utility that provides steam-generated heat to state offices in the capital city. – N.H. UNION LEADER
June construction unemployment approaches pre-recession figures New Hampshire’s June construction unemployment rate has almost returned to levels not seen since 2004. – N.H. BUSINESS REVIEW
NH employers are urged to address region's housing shortage With a lack of affordable housing and rental units in southern New Hampshire, employers were urged on Wednesday to consider partnerships that will help employees find appropriate places to live. – N.H. UNION LEADER
Affordable low-rise senior housing coming to Plaistow Citizens Bank's Community Development Lending Group is providing $3.5 million in construction financing to Chandler Place Apartments LP for the new construction of a low-rise building with 25 affordable senior housing units. – N.H. BUSINESS REVIEW
Wheelabrator Technologies moves headquarters to Pease Wheelabrator Technologies, which bills itself as the second largest U.S. provider of clean energy from everyday residential and business waste, has relocated its domestic corporate headquarters to Pease International. – PORTSMOUTH HERALD
Market Basket opening Sunday at The Ridge The long-awaited opening of the Market Basket at The Ridge Marketplace in Rochester is planned for this weekend. – ROCHESTER TIMES
Drought update: State asks all residents to limit or cease outdoor water use Despite some recent rain, over 100 water systems in the state have formal outdoor watering bans and restrictions in place, and the state is asking even those not listed to conserve water. – N.H. UNION LEADER
Fecal bacteria drives swimmers away from Weirs Beach in Laconia Dirty water made for a quiet weekend at Weirs Beach to the dismay of tourists and business owners. – CONCORD MONITOR
Jordan’s opening at Funspot delayed Jordan's Ice Creamery, a landmark in Belmont for the past 22 years, has postponed the opening of its ice cream stand at Funspot until next summer. – LACONIA DAILY SUN
North Country gets development boost with NBRC grants Twelve New Hampshire projects will receive grant funding from the Northern Border Regional Commission to help spur economic and community development in the North Country. – N. H. BUSINESS REVIEW
