Business

Main Street Money: Oh, the webs we weave…

It’s perhaps more than coincidental that as I sat down to write this column, I received and email about a “neat trick to generate 4.75 percent income.” It involves a convoluted plan having to do with a mixture of dividends and stock buybacks. As a registered investment adviser, I found it ...

Dick’s to halt sales of rifles, ammo at 125 of its stores

CORAOPOLIS, Pa. (AP) – Dick’s Sporting Goods Inc. said on Tuesday that it will stop selling hunting rifles and ammunition at 125 of its stores, replacing the gear with merchandise it believes will sell better at those locations. CEO Edward Stack said the move comes after the sporting ...

Tesla walks back its plan to close most showrooms

DETROIT (AP) – Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles. Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced Model 3 for $35,000. The company ...

Commissions may be due a former employee

Under New Hampshire law, commissions are part of the wages due a former employee. The New Hampshire Supreme Court in the case of Bryan K. Galloway v. Chicago-Soft, Ltd. has stated that a person employed on a commission basis to solicit sales orders is entitled to her commission when the order ...

BAE Systems offers scholarships to future engineers

NASHUA — Calling all aspiring engineers: BAE Systems officials plan to launch a FIRST Robotics Scholarship Program for high school seniors who plan to seek a career in science, technology, engineering and mathematics, more commonly known as STEM. This is part of a new nationwide and annual ...

GE to downsize Boston headquarters, reimburse state $87M

BOSTON (AP) – General Electric announced Thursday it will downsize its world headquarters in Boston and will return $87 million that Massachusetts spent as part of an incentives package to lure the company from Connecticut three years ago. The industrial conglomerate has been restructuring ...

Fuel Assistance is taking applicants

NASHUA — Southern New Hampshire Services’ Fuel Assistance program is taking applications through April 30 to help renters and homeowners pay for past or future energy use, according to agency Deputy Director Ryan Clouthier. Applications are taken throughout Hillsborough and Rockingham ...

Money Matters: For love of the game

On Monday, my office was closed for MLK day, so I was vegging out, watching the commentators and critics on ESPN explaining why the wrong two teams are going to Super Bowl LIII. In the case of the Rams, the controversy is all about the missed pass interference call in the last couple of minutes ...

N.H. company produces key military gear

MERRIMACK – “Thank you for making a device that made my safety increase,” U.S. Navy Lt. Cmdr. Peter Zettel told officials during a Tuesday ceremony at Elbit Systems of America in Merrimack, which commemorated the 500th delivery of the Night Vision Cueing and Display System. Elbit ...

Firing an employee over a compensation dispute may be costly

Under New Hampshire law, most employees are employees at will and means that they can quit or be fired with or without notice or cause. Even if the employee has an employment agreement which sets forth their compensation and perhaps other obligations related to confidentiality and ...

Scope of city’s small business community far-reaching

NASHUA – What does a former U.S. Air Force fighter pilot and longtime worker in the international defense industry do after he retires for the second time? If you’re Don Hallenbeck of Nashua, you start a company that facilitates arms sales in, of all places, Taiwan. Hallenbeck is CEO ...

Money Matters: Market is overvalued

Right now, as I write this, the Dow Jones industrial average is up 25 bps (basis points: one quarter of a percent or .25 percent) on the day. The prior day, it was all over the place, closing up 43 bps (.43 percent). During the past week, it’s declined by nearly 4 percent, and it’s off 3 ...

Locals among exhibitors at business event

MANCHESTER – Two Nashua companies were exhibitors and many more attended the New Hampshire Small Business Matchmaker event at Manchester Community College, Nov. 30. The annual event, sponsored by New Hampshire’s Small Business Development Center, provides small businesses interested in ...

There is no rule of thumb on employment sexual harassment

Employment sexual harassment is illegal under New Hampshire and federal law. All employee claims of sexual harassment need to be taken seriously and employers would be making a huge mistake to make a broad application of principles related to sexual harassment. For example, employment sexual ...

Shaheen visits Nanocomp to learn about its partnership with NASA

MERRIMACK – Monday, U.S. Sen. Jeanne Shaheen, D-N.H., joined leaders from NASA and Merrimack Huntsman Company’s Nanocomp Technologies Inc. to tour the Nanocomp facility and learn about new nanotechnology. Officials believe this technology could make spaceflight and exploration less ...

Stocks tumble again on report U.S. plans more tariffs

NEW YORK (AP) – Stocks sank again Monday on fears that the Trump administration will escalate its trade dispute with China by imposing tariffs on all remaining imports from China to the U.S. The declines came during another dizzying day of trading. The Dow Jones Industrial Average swung ...

Money Matters: Is your retirement a Jenga tower?

The market bounces back after suffering its worst 4th quarter open since 2008. No one seems to agree on what’s next. Last time, we were talking about why we believe 401(k)s and other tax-qualified (tax-deferred) plans are not the best way to save for retirement. At the heart of this opinion ...

What you say outside of work could cost you your job

Recently, there has been news coverage regarding whether certain Bedford School guidance counselors should keep their jobs after they wrote letters of support for a former Exeter High School guidance counselor, Kristie Torbick. Ms. Torbick pled guilty to sexually assaulting a 14-year old ...

It’s your future, so what are you waiting for?

What are you waiting for? This is the question going through my mind as I watch the Federal Emergency Management Agency (FEMA) director, the president, and the local governors begging people to leave the areas most apt to be hit by Florence. Winds of 110 mph. Nearly four feet of rain. Floods. ...

Money Matters: Do financial planners have your interests at heart?

One of the most common claims by people in my business is, “It’s about the people, not the money.” Indeed, we make that claim as well. It’s a great line, isn’t it? If only it were true. A first step in working with us is going through an online survey. One of the true/false questions ...