Business

ICAD’s SecondLook Digital wins China’s OK

NASHUA – ICAD Inc., which makes software and radiation therapies for the early identification and treatment of cancer, has secured regulatory approval from China for its SecondLook Digital. The approval allows iCAD’s computer-aided detection technology to be sold with GE ...

AT&T touts wireless upgrades

AT&T says its wireless customers in southern New Hampshire will have better service and faster Internet speeds after improvements to the network that wrapped up last week. The improvements were focused in the high-usage areas of Nashua, Merrimack and Manchester, the company said Thursday ...

Good news and bad: Office space plentiful in Nashua

The last time this many office buildings in Nashua sat vacant, Ronald Reagan was in the White House, VHS was a new technology and shoulder pads were in fashion. Not since the 1980s has the office vacancy rate reached 30 percent, said Tom Farrelly, executive director of commercial real-estate ...

Big oil pushes shared wealth

I’m neither a defender nor a basher of Big Oil. Yes, they earn enormous sums but as a percentage of revenue their profits pale in comparison to those generated by many high tech companies. But it’s hard not to lambaste Big Oil when its executives attempt to justify ...

Against all odds

MEXICO CITY – It sounds like a movie where high jinks ensue: A teetotaling Mexican hotel worker travels to England, befriends a whisky-drinking Irishman and scrubs toilets in a pub while learning to brew killer beer. Such is the odd path Jose Morales has taken since a sweltering day ...

Oil execs defend profits

WASHINGTON – Amid rising public anger over high gasoline prices, top executives of major oil companies on Thursday defended their actions at a Capitol Hill hearing and fought to block a Democratic effort to scale back their tax breaks. The Senate Finance Committee asked the heads of ...

Hopeful outlook for empty stores

DALLAS – Filling the space vacated by hundreds of Blockbuster and Borders stores may seem like a huge challenge for shopping center landlords, but it may not be. Real estate experts agree that the two recent victims of digital and streaming entertainment had at least one thing going ...

Jobless benefit claims volatile

WASHINGTON – Applications for U.S. unemployment compensation fell sharply last week, partly reversing a large spike earlier in April. The number of people who filed initial requests for jobless benefits fell by 44,000 to a seasonally adjusted 434,000 in the week ended May 7, the ...

Regulators mount up against repeal of financial reform

WASHINGTON – Key banking regulators and Senate Democrats warned against Republican efforts to repeal all or some provisions of the Wall Street reform law enacted last year, saying the country couldn’t afford to return to a system that failed to stop the financial crisis. ...

Vilified composite means major dough

MINNEAPOLIS – It’s one of the hottest trends in the food industry: gluten-free. All manner of products – cereal, cake mix, even beer – are making the jump from niche stores to the nation’s biggest supermarkets. Celebrities have touted a ...

GM announces it will add or preserve 4,000 jobs

TOLEDO, Ohio – General Motors Co. plans to add or preserve more than 4,000 jobs in eight states, CEO Dan Akerson said Tuesday, as the automaker bets on gaining market share while the Japanese earthquake and high gas prices shake up the auto industry. GM’s six-speed ...

Microsoft agrees to buy Skype

WASHINGTON – Microsoft said Tuesday it agreed to buy Skype for $8.5 billion in cash, the company’s biggest bet yet against Google, Apple and Facebook, who are leading the race to bring Internet services to any device. Through its acquisition of Luxembourg-based Skype, ...

Centrix earns top 100 community bank ranking

BEDFORD – Centrix Bank recently ranked 58th on SNL Financial’s annual list of the Top 100 Best Community Banks in the country. This is the first time in the bank’s 12-year history that it has made the list, according to Joseph B. Reilly, president and CEO. SNL ...

UNH center to honor 2 nonprofits

NASHUA – LinkAbilities and Opportunity Networks will receive the Home Based Business Champion Award from the University of New Hampshire Small Business Development Center on May 25 for their work on the Entrepreneurial Success Project. The pilot phase of the project has led to ...

Clydesdales will return for Taste of Downtown

The world famous Budweiser Clydesdales will clip-clop their way along Nashua’s Main Street next month, making their triumphant return to the 17th annual Taste of Downtown event. Great American Downtown, a nonprofit downtown advocacy group that holds the tasting event, confirmed that ...

It’s a multi-market miracle

Contact the beatification committee because a miracle occurred last week. In a single day, the demand for oil dropped almost 9 percent. This caused oil prices to plummet $9.44, closing Thursday at $99.80. Sure, an unusual spike in the value of the dollar provided an assist, but economy 101 ...

Strong loonie could boost NH tourism

The Canadian dollar is now at its strongest level in three years when measured against the U.S. dollar – a value that could lead to an influx of Canadian tourists to New Hampshire, according to state tourism officials. The Canadian dollar – or loonie, as it is commonly ...

GM profits exceed estimates

DETROIT – General Motors made $3.2 billion in the first three months of 2011, for its fifth-straight quarterly profit, including a $1.5 billion one-time gain that included the sale of stakes in former subsidiaries Delphi and Ally Financial. The net profit exceeded the $1.6 billion ...

Bernanke: Regulators must avoid ‘burdensome rules’

WASHINGTON – Federal Reserve Board Chairman Ben S. Bernanke said that regulators need to avoid “ineffective or burdensome rules” as they implement the sweeping financial reform law passed last year. In a speech at a Fed conference in Chicago on Thursday, Bernanke ...

Jobless benefits claims surge

WASHINGTON – Weekly applications for unemployment compensation jumped to their highest level since August, largely because of special factors, but a recent upward trend suggests more slack in the U.S. labor market. A Labor Department official attributed much of the increase to ...