Business

Discount grocers find high-income clientele

PHILADELPHIA – Vicenza Cerrato stood in the bread aisle of a Giant supermarket and squinted at a receipt itemizing the stash she had just bought down the street at Bottom Dollar Food, a low-frills grocer that opened a few months earlier. The 83-year-old retired cardiology technician ...

Big first-quarter losses for Nashua’s iCAD

NASHUA – ICAD Inc. more than tripled its losses in the first quarter of 2011. The Nashua company, which makes cancer-detection software, lost $4.18 million in the first quarter, compared to a $1.18 million loss in the first quarter of 2010. Revenue for the quarter was slightly ...

Ezenia’s CEO takes big pay cut

NASHUA – Ezenia’s chief executive took a pay cut in 2010, the Nashua software firm disclosed Tuesday. Khoa Nguyen collected a total compensation package of $548,304, a decline of 29 percent from the $770,304 he was paid in 2009, according to documents filed with the U.S. ...

Hospital found liable in firing

The cat’s paw theory of liability is gaining ground in employment discrimination cases, as noted in a U.S. Supreme Court decision March 1. The theory was developed from a fable made famous by Jean de La Fontaine in which a monkey convinces an unwitting cat to pull chestnuts from a ...

Lindt factory outlet in Amherst marked

AMHERST – A sweet new addition to the Route 101A retail corridor has just made its debut. Lindt, the Swiss chocolatier known worldwide for its premium chocolates, last week celebrated the opening of its newest factory outlet store at 124 Route 101A, the Meadow Brook Crossing plaza. ...

NH maple syrup producers may have had record season

Maple producers are reporting a potentially record-setting season, according to the New Hampshire Maple Producers Association. Totals are still informal, but could top 100,000 gallons of maple syrup, according to Robyn Pearl, spokesperson of the Loudon-based association . That’s ...

BAE, Laconia Savings award semifinalists

BAE Systems of Nashua and Laconia Savings Bank have been named semifinalists for the 2011 Secretary of Defense Employer Support Freedom Award, the highest honor given to employers for support of their employees in the National Guard and Army Reserve. According to the Department of Defense, ...

BAE to provide weapon sights to Army under $56m contract

LEXINGTON, Mass. – BAE Systems will provide thermal weapon sights to the Army under a $56 million contract. The second-generation sights are heat-seeking devices used by soldiers in Iraq and Afghanistan to spot the enemy from great distances. They are mounted onto rifles and other ...

Area firm’s marshmallow products in gift bags

MILFORD – Handcrafted marshmallows made by a Milford company were included in gift bags at the Sports Emmy Awards on Monday night. The Milford company, Planet Marshmallow, delivered 800 bags of their “Chocolate Chipotle” marshmallows to the Frederick P. Rose Hall ...

Inflation causes seen as fleeting

In case you hadn’t noticed, the economy wasn’t stellar in the first quarter. Gross domestic product grew a modest 1.8 percent, or about half the pace of the previous quarter. The good news is that GDP was in line with economic forecasts. Well, good news for economists who ...

NH households becoming more wireless

As of mid-2010, more than a quarter of all American households had wireless telephones but no landlines, compared to just 16 percent of households in New Hampshire. But even though New Hampshire has the country’s fifth-smallest percentage of adults who live in wireless-only ...

NH executives aren’t hurting

CEOs of New Hampshire companies make less than the national average, but many of them are still pulling in millions. The state’s highest-paid CEO, based on a comparison of New Hampshire-based companies that are publicly traded, is GT Solar’s Tom Gutierrez, who collected ...

Great Harvest Bread Co. where they make it, not bake it

NASHUA – If you can’t find the new bakery in town, just inhale. Aroma is one of the perks Great Harvest Bread promotes at its new Amherst Street store. With natural ingredients, a grinding mill, and an oven the size of a tank, the bakery hopes to expand the bread baskets ...

McDonald’s hires 62,000

McDonald’s Corp., the world’s biggest restaurant chain, said it hired 24 percent more people than planned during an employment event this month. McDonald’s and its franchisees hired 62,000 people in the U.S. after receiving more than one million applications, the ...

FBI: ‘Spoofing’ covered up scam

SANTA ANA, Calif. – At first, Rebecca Smith was relieved when she got a phone call from an FBI agent. It was October, just a few months after Smith had spent $30,000 on a real estate investment. The woman who sold her the deal, Karen Hanover, hadn’t come through on any of ...

Economy slows from January

WASHINGTON – The U.S. economy grew at a sluggish 1.8 percent annual rate from January through March, the government said Thursday, in a report that showed a sharp slowdown and an economy that continues to struggle. Taken along with other indicators, the new numbers point to an ...

Chrysler confident in company’s future

DETROIT – After touring a Detroit auto plant with U.S. Treasury Secretary Timothy Geithner, Fiat and Chrysler CEO Sergio Marchionne said Thursday he is confident that institutional investors and banks will be interested in refinancing Chrysler’s government loans. Marchionne ...

GT Solar has one hot week

MERRIMACK – GT Solar has had quite the week in sales, netting two deals worth a combined $312 million since Monday. On Wednesday, the Merrimack-based company announced a sale worth nearly $219 million for sapphire crystallization furnaces from Chinese company Guizhou Haotian ...

GT Solar announces $94m in orders

MERRIMACK – GT Solar has reached a $93.9 million deal to sell polysilicon production equipment to Powertec Energy Corp. of Taiwan for the company’s new facility. Merrimack-based GT Solar, which sells equipment used to make solar panels, said the orders would be included in ...

Survey finds job, sales payoff

CONCORD – A total of 885 jobs and $232.3 million in sales: That, says the New Hampshire Manufacturing Extension Partnership, is how it has benefited the state in the past five years. Between April 2006 and February 2011, companies working with the MEP have created 425 jobs and ...