New Hampshire's Business News for May 11
A look at today's top business headlines, including: Customer withdraws from NED pipeline gas contract, NH bank mergers part of national trend, two more NH senators won’t run for re-election, Wentworth-Douglass partnership receives support
Company withdraws petition to buy natural gas off NED pipeline As the future of the controversial Northeast Energy Direct pipeline remains in limbo, evidence mounts that the project’s future could be flickering out. – KEENE SENTINEL
Olson appeals sentence on tax evasion charges; his attorney wants out A Rindge man who swindled roughly 100 people out of millions of dollars in a Ponzi scheme is appealing his prison sentence on related convictions for attempted tax evasion. – KEENE SENTINEL
North Conway investment adviser barred A North Conway investment adviser, who in February had been ordered to pay $1.3 million in restitution to clients, has agreed with federal regulators to not associate with people connected to ththe investment industry, authorities announced Monday. – N.H. UNION LEADER
Subcommittee approves millions for Navy Yard, Pease and National Guard U.S. Sen. Kelly Ayotte says her language to block another round of base closings was also approved. Portsmouth firm conducts $10 million Navy Yard study — INDEPTH NH
Two NH bank mergers in a week part of national trend The closing on Bank of NH’s acquisition of Plymouth-based Community Guaranty Bancorp, on the heels of the announced merger of Newport-based Lake Sunapee Bank Group with Bar Harbor Bankshares of Maine, indicates that the national bank merger revival has reached New Hampshire. – N.H. BUSINESS REVIEW
Concord's Steeplegate Mall getting creative in attempt to win back customers With nearly 20 vacant stores and a food court that has been reduced to a lone Dunkin' Donuts, the Steeplegate Mall is in desperate need of a makeover. – NH1
Verizon strikers picket Nashua hotel Dozens of striking Verizon employees paced in front of the Fireside Inn in Nashua on Monday morning, part of a regional effort to call attention to union positions and put replacement workers on the hot seat. – NASHUA TELEGRAPH
Bill signed to allow Granite Staters to get REAL ID-compliant licenses It’s now the law: Granite Staters have the option to get identification that complies with the REAL ID standards. – WMUR-TV
Shaheen hits Trump on minimum wage views New Hampshire's senior senator led one of Hillary Clinton's opening attacks on Donald Trump, based on the presumptive Republican presidential nominee's recent comments about scrapping the federal minimum wage. – N.H. UNION LEADER
Two long-time state senators announce retirement plans Sens. David Boutin and Molly Kelly will not seek reelection bringing the total to six senators who will not be returning next year. – N.H. UNION LEADER
Wentworth-Douglass partnership receives support Wentworth-Douglass Hospital’s recent announcement that it will join the Massachusetts General family of hospitals has prompted a large outpouring of public support. – FOSTER’S DAILY DEMOCRAT
Two Route 101A Amherst businesses destroyed by blaze Two local businesses were destroyed by a fast-moving fire Monday afternoon along Route 101A. – N.H. UNION LEADER
Fire destroys two Amherst businesses A multiple-alarm fire fanned by strong winds ripped through two businesses on Route 101A in Amherst on Monday. – NASHUA TELEGRAPH
Riverside Barbeque to expand restaurant, bar, menu After acquiring the entire Riverside Building on Main Street, Riverside Barbeque owner and chief pitmaster Dave Manganello is one step closer to realizing his vision for the downtown restaurant. – NASHUA TELEGRAPH
