New Hampshire's Business News for June 22
A look at today's top business headlines, including: Over $50 million in fees paid in GTAT bankruptcy, new election law complaint against Guinta, Trump paid $35K to a company in Londonderry named after the 'Mad Men' ad agency, Stratham polymer company is acquired by British business, Mascoma Savings’ new CEO
Lawyers, professionals reap over $50 million in GTAT bankruptcy The bill has been tallied for GT Advanced Technologies’ bankruptcy proceedings, and it’s a whopper – over $50 million, an amount that could make it the most expensive bankruptcy case in state history. – N.H. BUSINESS REVIEW
New complaint charges Guinta with federal election law violations A frequent critic of U.S. Rep. Frank Guinta is filing a complaint with the Federal Election Commission charging that the congressman illegally kept $81,500 of funds repaid to him by his campaign committee and improperly used general election funds for primary campaign expenditures. – WMUR-TV
Donald Trump paid $35K to a company in Londonderry named after the 'Mad Men' ad agency
Donald Trump's campaign paid $35,000 in April to a Londonderry advertising agency named Draper Sterling — borrowed from the fictional ad empire run by the two main characters in the hit AMC show "Mad Men." — LAWRENCE EAGLE TIMES
Defamation case against Manchester businessman moves forward A multi-million-dollar defamation lawsuit is moving forward in Rockingham County.—WMUR-TV
Public speaks out against Seabrook Station's relicensing Nuclear Regulatory Commission officials heard concerns from members of the public Monday night, many calling for the NRC to deny Seabrook Station nuclear power plant a license extension. – HAMPTON UNION
Financial fiasco – Artists, employees took over festival after concert promoters disappeared Thursday
When the music stopped at LaconiaFest, the city was out some $100,000 in expenses for safety and emergency services, contractors and suppliers found themselves with unpaid bills and employees recouped a fraction of their wages only after taking charge of the event and staging the last two concerts themselves. – THE LACONIA DAILY SUN
The day the music died The momentum the city had gained in recent years – from things like the downtown renovations, the Red River Theatres and the Multicultural Festival – slowed a bit when we learned this week that the Granite State Music Festival won’t be back. – CONCORD MONITOR
Antrim woman starts her own circus company Sara Greene of Antrim has felt a pull to the circus since her early 20s, when she first met and started training with a street troupe in Europe. Her fascination is so strong, in fact, that is has led to her starting her own big-top venture, Granite State Circus. – MONADNOCK LEDGER
Springfield organization looks into creating ‘co-working space’ Springfield On the Move (SOM), a nonprofit downtown organization, is looking into potential sites and seeking feedback from independent workers such as artists, freelancers, telecommuters, designers, and professional service providers who may be interested in a co-working space in Springfield. – CLAREMONT EAGLE-TIMES
Filtrine’s George Hansel makes his mark on Keene George Hansel knows his family’s work. Because when your family owns a fifth-generation business like Filtrine Manufacturing Co. in Keene, you tend to grow up with it. –N.H. BUSINESS REVIEW
'Brexit' could have Seacoast impact Decisions made across the Atlantic Ocean often seem worlds away to most Americans. But in today’s increasingly globalized world, votes such as the June 23 referendum in the United Kingdom deciding whether to leave the European Union can have a significant impact on the United States — and here on the Seacoast. – SEACOAST ONLINE
Stratham polymer company is acquired by British business Itaconix Corp., a polymer company with ties to the University of New Hampshire, has been acquired by the British company Revolymer plc. – N.H. UNION LEADER
GBCC offers new medical assistant program Great Bay Community College has added a medical assistant program to help fill a hiring shortage in the Seacoast region. – N.H. UNION LEADER
Debate intense over athletic facility The Planning Board on Tuesday night heard another round of concerns, reassurances, arguments and rebuttals over a 70,000-square-foot athletic facility that Dartmouth College proposes to build near a residential neighborhood. – VALLEY NEWS
Dollar General readies Raymond store Dollar General expects the new store under construction on Fremont Road in Raymond will open this fall. – N.H. UNION LEADER
Settlers Green begins demolition work on former L.L. Bean complex Crews from Spears Bros. Building Salvage and Wrecking of Belmont began demolition work on the former L.L.Bean shopping plaza on Route 16 in North Conway to make way for the planned Settlers Green Streetside retail shopping complex. – THE CONWAY DAILY SUN
Mascoma announces new CEO Mascoma Savings Bank announced Tuesday that Clay Adams will succeed President and CEO Stephen F. Christy upon Christy's previously announced year-end retirement. – N.H. UNION LEADER
Elon Musk aims to shore up SolarCity by having Tesla buy it The entrepreneur argues a “sustainable energy company” comprising the two ventures makes sense, but investors may take some convincing. – THE NEW YORK TIMES
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