Business

US Big 3 grab more auto sales

DETROIT – The Detroit Three sold 50.2 percent of the light vehicles purchased by U.S. consumers last month, capturing a majority of the market for the first time since August 2009, as the effects of Japan’s March earthquake continued to rock the auto industry. Chrysler led ...

Borders looks to buyer, beyond

DETROIT – Direct Brands plans a $215 million opening bid for Borders Group, the nation’s second-largest bookseller, in a bankruptcy court auction. Once sold, likely later this month, the Ann Arbor, Mich.-based bookseller will morph into something different, said turnaround ...

Banks urged to help small businesses

CHARLOTTE, N.C. – Small businesses looking to grow say they’re running into challenges when they seek financing: Loans are harder to secure, and sometimes are more expensive than before the recession. Lending is picking up around the country. But it hasn’t thawed ...

Dam-revival firm wins prize

ASHLAND – Dozens of dams in the state are doing nothing but holding back water or sitting there looking pretty. But if an Ashland company has its way, those dams will also help power the state. “As far as renewable energy goes, it’s a huge opportunity because ...

Business is back to order

So that release from the strategic oil reserve certainly did the trick. When I said it was a political move whose impact would be fleeting, even I didn’t envision it having the half life of a tsetse fly. After causing speculators to scurry for an afternoon, oil quickly returned to ...

Online retailers striking back at new California law

SAN JOSE, Calif. – Reacting swiftly to an online sales tax signed into law Wednesday by California Gov. Jerry Brown, Amazon.com and Overstock.com announced they are severing their relationships with California affiliates to avoid having to collect the tax. Under federal law, states ...

NH posts third-lowest jobless rate nationwide in May

BOSTON – New Hampshire’s unemployment rate in May may have been 4.8 percent, but it was the lowest rate in New England and the third-lowest in the country, according to the New England Regional Office of the U.S. Bureau of Labor Statistics. New Hampshire’s jobless ...

Bedford man thinks new eatery fills fine dining gap

BEDFORD – After a year of sitting empty, the former Karen’s Kitchen at 170 Route 101 is finally occupied again. Tek-Nique opened last Tuesday to a packed house. The building and restaurant is owned and operated by chef Matthew Trottier, of Bedford. “Since the ...

Discounters step in to big-box retail spaces

ST. LOUIS – The hulking shells of former big-box stores, victims of the economic downturn and the rise in online retailing, have quietly started filling up with commerce again. The spaces formerly occupied by retail heavyweights including Circuit City, Linens ‘n Things and ...

Rail owner to get day in court

The yearlong court battle for Milford-Bennington Railroad’s owner Rep. Peter Leishman to get back on the Pan Am track might finally be pulling into a key station, though it is by no means at the end of the line. A federal court judge has issued some preliminary decisions and ...

Lucky Dog shop helps animals, people

Melanie O’Brien’s 10-year-old pitbull, Bacardi, had stopped acting like herself. She seemed like she was suffering, but O’Brien couldn’t figure out what was wrong. First, O’Brien tried calling her veterinarian to get her four-legged friend ...

Violent game curbs shot down

WASHINGTON – The Supreme Court on Monday struck down California’s ban on sales of violent video games to minors, extending the kind of speech protected by the Constitution. In a ruling closely watched by other states and the entertainment industry, the court determined that ...

Ski lift chairs hot items at Pats Peak

Chairs made of flat, unforgiving wooden slats and rigid steel frames might not sound appealing at first, but toss in a dose of nostalgic memories and you’ve got a hot-selling item. Pats Peak Ski Area in Henniker found out as much this month, as they sold all 92 of their old Valley ...

CitiFinancial office to change name

NASHUA – The CitiFinancial office at Greystone Plaza on Amherst Street will change its name to OneMain Financial on Friday. To celebrate the new name, the branch will hold a sweepstakes throughout July. Customers and members of the community may be eligible to win a Blu-ray player. ...

New Hampshire Magazine wins Business in Arts Award

New Hampshire Magazine has won a Business in the Arts Award from the New Hampshire Business Committee for the Arts. At an awards ceremony in Manchester, New Hampshire Magazine was applauded for outstanding support of the arts through donations of time, money and resources to the arts, and ...

Homebuilder wins customer service award

NASHUA – GM Roth has been awarded a 2011 Guildmaster Award for exceptional customer satisfaction. GM Roth was one of 154 homebuilders, remodelers, developers and contractors throughout North America recognized for their superlative performance. The Guildmaster Awards celebrate ...

Printing system maker re-creates Web site

MERRIMACK – Solidscape, manufacturer of high-precision 3D printing systems, has re-created its Web site at www.solid-scape.com. The new site features content being searched the most by prospective buyers, including key product information, primary market applications and reports ...

Best of NH poll gets record votes

With more votes than ever for its annual Best of NH contest, New Hampshire Magazine’s 10th annual Best of NH party was destined to be a hit. About 1,600 people attended the best-of bash Thursday evening at the Verizon Wireless Arena, sampling some of the state’s finest food ...

Obvious eludes the Fed

The Fed spoke, and everyone listened. But if anyone expected good news, they walked away disappointed. In a shocking announcement, the Federal Reserve lowered its economic growth forecast. Wow, didn’t see that coming. A few columns ago, I joked that Fed Chair Ben Bernanke was acting ...

NH per-capita excise taxes among the highest

New Hampshire collects the sixth largest amount of excise taxes per capita among the 50 states, according to a newly released white paper. In “Excise Taxes in the States,” researchers Thomas Stratmann and William Bruntrager of the Mercatus Center at George Mason University ...