Business

Dispute leads to resignation by Nashua firm’s CEO

NASHUA – Khoa Nguyen, CEO and board chairman of Ezenia, resigned in a dispute with his board on June 9, bringing to a climax the turmoil that has engulfed the troubled Nashua office networking firm. The board appointed Larry Snyder interim president and CEO, and named Samuel Kidston ...

Costs, regulations concern NH businesses

NASHUA – The cost of health care and electricity, inconsistency of regulations, the lack of a state economic development plan and the threat of increased business taxes were the big concerns mentioned by a dozen business members to the statewide Chamber of Commerce in hopes their ...

Capital One to acquire ING Direct

SAN FRANCISCO – Capital One Financial Corp. said late Thursday that it has agreed to buy ING Direct from Dutch banking giant ING Groep in a deal valued at $9 billion. Capital One, the eighth-biggest bank in the U.S., said it will fund the deal with $6.2 billion in cash raised through ...

Oracle seeking ‘billions’ in damages from Google

SAN FRANCISCO – Oracle Corp. is seeking billions of dollars in damages as part of its litigation with Google Inc. related to Google’s alleged infringement of Oracle intellectual property in its Android mobile phone software, according to a legal filing on Thursday. In the ...

Walmart going eco-friendly to cut expenses

LOS ANGELES – Wal-Mart wants to extract more green out of greening. The retail giant’s supercenter in Lancaster, Calif., recently installed fuel cells that provide half of the electricity to the 222,876-square-foot store. It has punched holes in the roof for skylights that ...

Oh, the stories; city bookseller marks 30 years

NASHUA – Annie’s Book Stop on Amherst Street is celebrating 30 years in business this month – not bad for a business that has seen the entire industry change around them. “When we opened in 1981,” said owner Nancy Zlotek, “there ...

Small banks lament rules Community banks lament excessive regulation

WASHINGTON – Federal banking regulators said Wednesday that community banks should not face the same post-Wall Street meltdown scrutiny that mega-banks do, but local bankers said that’s exactly what’s happening. At a hearing before a Senate Banking panel, ...

Bouncing back from crisis, MoneyGram looks to prosper

DALLAS – Money transfer company MoneyGram International Inc. had a near-death experience not long ago as one of the unlikelier victims of the mortgage meltdown. Pummeled by losses beginning in 2007 on mortgage-related investments, it stayed afloat when private equity fund Thomas H. ...

2 vets sought to fly with pilot at Ribfest

Rob Holland Ultimate Airshows crew is looking for two local veterans to fly with Holland, a world aerobatics champion, in his Veteran Home Loans MX2 aircraft at this year’s Rock’n Ribfest in Merrimack. This will be Holland’s eighth air show at Rock’n ...

Nashua audio visual systems integrator wins awards

NASHUA – CCS New England, an audio visual systems integrator, was recently honored in four categories in the 10th annual National Business Awards by DiversityBusiness.com. DiversityBusiness.com recognized CCS New England in these categories: Top 100 Subcontinent Asian American ...

Proprietor of Frederick’s Pastries, wins business leader award

AMHERST – Susan Lozier Robert, proprietor of Frederick’s Pastries, was named Business Leader of the Year 2011 by the Souhegan Valley Chamber of Commerce at its 23rd annual awards dinner earlier this month. Robert began working at Frederick’s Pastries in 1989 and ...

NH home sales down in May

The number of home sales and the median price in New Hampshire were down in May 2011 compared to the numbers of May 2010, during which the market was glutted by last-minute buyers taking advantage of the $8,000 tax credit, according to the New Hampshire Association of Realtors. There were 951 ...

Power a test for male politicians

There is a famous quote from a letter written by John Emerich Edward Dalberg Acton, an English baron in the 1800s, to Bishop Mandell Creighton in 1887. Acton wrote that “Power tends to corrupt, and absolute power corrupts absolutely.” Legend has it that Lord Acton stated in ...

School lunch prices to rise

WASHINGTON – School cafeteria lunch prices will rise modestly this year in districts that pad their food-service budgets with federal money designed to feed low-income children, under new federal rules posted Monday. The new interim rules, designed to make school lunch prices better ...

Nasers’ Neapolitan pizzeria opens in Nashua

“Good food, fast” is how Tony Naser, co-owner of the newest Nashua restaurant, Crush Pizzeria Napoletana, describes the food. In August 2009, after a pizza tour vacation with his family, Tony Naser decided to bring authentic Naples-style pizza to Nashua. Making fresh dough ...

A note to the Fed chair

Dear Ben Bernanke: I’m a bit confused and I’m hoping you can help clarify things. In your recent speech you set a dour tone. Sure, many of your comments were stating the obvious: that economic growth has been “somewhat slower” than expected. No news ...

Grocery costs climb at market

SAN FRANCISCO – Shoppers paid 4 percent more for a basket of 16 food items at the supermarket in May compared to February, the American Farm Bureau Federation said Thursday in its latest informal survey. The total average cost of 16 items used to prepare one or more meals was ...

High court: Microsoft must pay $290m in patent case

SEATTLE – Microsoft has lost a Supreme Court patent case and must pay $290 million to tiny Toronto software company i4i. The court ruled Thursday in an opinion written by Justice Sonia Sotomayor with six judges joining. Three judges concurred. Chief Justice John Roberts took no part ...

Senators aim to cut ‘shoe tax’

WASHINGTON – U.S. consumers would see a sharp drop in the price of imported shoes – and that’s nearly all shoes sold in the United States – if a bipartisan group of senators is successful in stamping out the nation’s “shoe ...

Business puts the ‘cycle’ in wash cycle

PHILADELPHIA – There’s figurative sweating, as in the fretting that goes on in the lives of small-business owners, a worry-filled club of risk-takers. Then there’s real sweating, as in the perspiring that occurred in abundance during last week’s soupy, ...