Business

Nike slash

NEW YORK (AP) – Nike wants to be more nimble on its feet. The sneaker maker said Thursday that it plans to focus on the hottest-selling sneakers, slash the number of styles it offers and sell more shoes directly to customers online as part of a restructuring in which it also will cut about ...

Fed raises key rate

The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to ...

Non-compete may be enforced by employer’s successor

Employment non-competes are generally not looked upon favorably. New Hampshire has a statute that requires non-competes given to new employees to be provided before they accept the position. Under both New Hampshire and Massachusetts law, employment non-competes are narrowly construed to ...

7-day streak fades

U.S. stocks took small losses Tuesday as banks slid in tandem with bond yields and interest rates. Small-company stocks took sharp losses as a seven-day winning streak appearsed to end. Technology companies and consumer-focused companies continued to climb and Amazon.com briefly surpassed ...

On the rebound

Americans increased their spending in April at the fastest pace in four months, bolstered by a solid gain in incomes. The strong results underscored expectations that the economy is poised to rebound after a lackluster start to the year. Consumer spending rose 0.4 percent in April after a 0.3 ...

Hardship in HARD-ware

Home-improvement retailer Lowe’s posted a profit Wednesday that didn’t impress Wall Street, results that came in stark contrast to those of its rival Home Depot. Lowe’s shares slumped after reporting its profit fell 32 percent to $602 million, or 70 cents per share in the quarter that ...

Rules of Thumb and Other Crazy Ideas

[That’s probably a good policy, Dad.]Not too long ago I was sitting out on my deck talking to my two teenage sons. North Korea was in the news and so our conversation turned to nukes and the like. One of my sons said that if a nuclear blast happened close enough for you to see it, but was far ...

Paper or plastic?

Young adults who are afraid of credit cards in the long shadow of the recession usually think only of the risks, rather than the role they play in establishing credit, consumer credit experts say. That can hold them back from building the credit history they’ll need later on if they want to ...

Legal jam: Strawberry scientist is sued over the fruits of his research

FRESNO, Calif. – Plant scientist Douglas Shaw spent his career toiling in the California fields to grow the perfect strawberry, one that was plump and bright red yet remained sweet even after the long trip to grocery stores across the country. When the professor retired from the University of ...

Microsoft takes aim at Google and chromebooks

Microsoft is taking aim at Google as it introduced a Surface device for students and slimmed down Windows for the classroom. The new Surface Laptop is the first Surface device without a detachable keyboard. Microsoft says the new laptop will have up to 14.5 hours of battery life, compared with ...

Worker can’t claim wrongful firing if health prevents her from working

On April 21, 2017, a New Hampshire federal judge ruled in the case of Wanda Duryea v. MetroCast Cablevision of New Hampshire, LLC, et al. that Wanda Duryea could not go forward to a jury on a variety of her employment disability claims related to her firing because both she and her doctor ...

Mythical marketing: Starbucks: Unicorn Frappuccino shows its digital savvy

NEW YORK – Starbucks is pointing to the Unicorn Frappuccino as an example of its digital savvy, and ability to ride out of its sales slump. The coffee chain reported disappointing U.S. sales growth for the first three months of the year on Thursday as customer traffic stalled, and it tempered ...

Top Honors: Flatley Challenge winners awarded

NASHUA – The winners of the Flatley Challenge, a business startup competition hosted by the John Flatley Co., owner of Gateway Hills in Nashua, were awarded Wednesday. Paul Holtzer, president of CEO of XenoTherapeutics, and Greg McHale, founder and chief technology officer of Datanomix, each ...

Nashua’s Hynes honored for ‘Employee Excellence’

LOWELL, Mass. – David E. Wallace, president and CEO of Lowell Five Bank, is pleased to announce that Misty Hynes, of Nashua, has been selected to receive the Bank’s December 2016 Employee Excellence Award – Make it Matter. The Make it Matter program recognizes excellence in performance ...

Merrimack County Bank celebrates 150th year

Merrimack County Savings Bank (The Merrimack) has kicked off its 150th anniversary with the presentation of commemorative gifts to four new 2017 babies! The year’s first baby boy and first baby girl born at Concord Hospital and St. Joseph’s Hospital in Nashua were each presented with a gift ...

Residents to decide on river walk

WILTON – Creating a pedestrian walk along the Souhegan River behind the Main Street stores has been proposed many times over the years, from the Main Street Association to a high school girl who used it as a science project. While many people have liked the idea, it never happened for reasons ...

Avoid holiday party hangovers

No, this article is not providing suggested ways to alleviate your morning headache from last night's overdrinking. This article is about how to avoid the financial hangover you can have from misbehaving at a holiday gathering. The end of the year can be a time for workers to take pride in ...

Business People for Nov. 16

Tom Riley Tom Riley, of Bedford, founder of Riley Enterprises and former president of the New Hampshire Association of Realtors, was installed as 2017 National Association of Realtors treasurer Monday in Orlando, Fla., site of the NAR. Riley is the first-ever New Hampshire Realtor to become a ...