Business and Economy

Business and Economy
11:51 am
Mon March 16, 2015

Bretton Woods, Loon And Sunapee May Soon Have New Owners

Current owner of Loon Mountain along with Mount Sunapee and Bretton Woods are considering selling the resorts along with a dozen others from Maine to California.
Credit Courtesy of Loon Mountain

The owner of 16 major ski resorts including New Hampshire’s Bretton Woods, Loon Mountain and Mount Sunapee is considering leaving the ski industry.

The real estate investment trust CNL Lifestyle Properties says it is still weighing its options, which may include a private buyout or listing the properties as a publicly traded exchange.

The firm owns resorts from Maine to California including Sunday River and Sugarloaf Mountain in Maine, Okemo Mountain in Vermont, Brighton in Utah,  Crested Butte in Colorado and Sierra-at-Tahoe in California..

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Business and Economy
4:16 pm
Tue March 10, 2015

Report: N.H. Colleges Generate $5.8 Billion For State Economy

Ryan Lessard for NHPR

New Hampshire's colleges and universities say their latest report shows that they are major contributors to the state's vibrant economy.

The New Hampshire College and University Council estimates that its 22 public and private nonprofit institutions directly supported 17,800 jobs in fiscal year 2012-13 and generated an estimated economic impact of $5.8 billion.

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Business and Economy
4:16 pm
Wed January 21, 2015

N.H.'s Unemployment Rate Falls To 4 Percent

Credit Presets Heaven via Flickr CC

The New Hampshire Employment Security office says the state's unemployment rate for December was 4 percent, down a tenth of a percentage point from November.

In December 2013, the seasonally adjusted rate for New Hampshire was 5.2 percent.

Nationally, the seasonally adjusted unemployment rate for December was 5.6 percent, down from 5.8 percent in November, and a decrease of 1.1 percentage points from the December 2013 rate.

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Business and Economy
4:04 pm
Wed January 21, 2015

Members Of VT, N.H. Delegations Want FCC To Assess FairPoint's Emergency Networks

Members of Congress from Vermont and New Hampshire have called on the Federal Communications Commission to assess the ability of FairPoint Communications to operate emergency communications networks in both states following outages last year.

There was a six-hour outage of Vermont's 911 system in November and a four-hour outage of Portsmouth, New Hampshire 911 services in December.

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Business and Economy
12:19 pm
Tue January 6, 2015

Unemployment Tax Rate Cut By 1 Percent

New Hampshire’s unemployment tax rate will go down by 1 percent in the first quarter of this year, state officials said Tuesday.

The new rate of 3.4 percent is expected to save employers more than $37 million over the next three months.

The lower rate is triggered when the state’s unemployment compensation trust fund maintains a balance of $275 million or more during the previous quarter.

This comes after the rate was lowered in the final quarter of 2014 by point-five percent.

Business and Economy
7:02 pm
Sun December 28, 2014

Market Basket's 4% Discount Coming To An End

Credit Ella Nilsen / NHPR

The 4 percent discount that Market Basket shoppers enjoyed on most purchases for the past year is coming to an end.

The New England supermarket chain introduced the discount in January in response to high energy costs and cutbacks in the federal Supplemental Nutrition Assistance Program.

Company officials tell The Boston Globe the plan was always to phase out the discount, which ends on Saturday.

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Business and Economy
2:06 pm
Wed December 24, 2014

The Unknown, Cross-Border Impact Of Vermont Yankee's Shutdown

Credit NRCgov / Flickr

When it comes to the economy in this part of New England, ignore the state borders, says Linda Dunlavey. She’s head of the Franklin Regional Council of Governments based in Greenfield, Massachusetts. Not far from where she sits, the Vermont Yankee Nuclear Power Plant in Windham County is about to shut down for a final time. She says she’s paying attention to the overlaps — of the towns she works with, and with nearby towns in Vermont, and Cheshire County, New Hampshire.

Listen to the full story, courtesy New England Public Radio via the New England News Exchange:

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Market Basket
4:12 pm
Fri December 12, 2014

Arthur T. Demoulas Completes Purchase Of Market Basket

Credit Ella Nilsen / NHPR

A tumultuous year for Market Basket is coming to an end with Arthur T. Demoulas formally in charge of the company.

Demoulas and his family announced Friday that they have completed the purchase of the 50.5 percent of the company that was controlled by his cousin. Demoulas offered $1.6 billion in the buyout proposal in August.

Other details of the deal weren't disclosed.

The nearly century-old supermarket chain based in Tewksbury, Massachusetts, has 73 stores in Massachusetts, New Hampshire and Maine.

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Business and Economy
6:00 am
Fri November 28, 2014

Lower N.H. Unemployment Means A Mixed Bag For Holiday Seasonal Work

Martina Ramsey, a full-time employee who started as a seasonal employee two years ago at Josh's Toys & Games in Nashua
Credit Sheryl Rich-Kern for NHPR

The New Hampshire Retail Association expects us all to do more shopping this holiday season.  The group projects a 4.3 percent jump in sales, slightly higher than national forecasts.

In anticipation, New Hampshire retailers, warehouses and delivery services are recruiting temporary workers. And while that bodes well for the job market, not all employers and employees find what they’re looking for.

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NH News
11:45 am
Tue November 18, 2014

N.H. Unemployment Falls To 4.2%, Lowest Rate In Six Years

Credit bytemarks / Flickr Creative Commons

The state’s unemployment rate ticked down to 4.2 percent last month, the lowest it’s been in six years.

Data released today by the state’s employment security office shows the October rate was a slight improvement from September rate, when unemployment was at 4.3 percent.

By comparison, last October’s unemployment rate was 5.2 percent.

Data shows roughly 2,000 more Granite Staters were employed last month compared to September, while the number of unemployed residents decreased by 1,300.

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NH News
11:56 am
Fri October 3, 2014

N.H.'s Unemployment Tax Rate Drops By .5 Percent

Credit bytemarks / Flickr Creative Commons

New Hampshire’s unemployment tax rate went down by .5 percent at the beginning of the month.

State officials say the new rate is a result of the health of the state’s unemployment compensation trust fund, which ran a balance greater than $250 million in the third quarter of fiscal year 2014.

The state’s unemployment compensation law triggers an automatic reduction to the tax rate when the trust fund maintains certain levels.

New Hampshire Employment Security Deputy Commissioner Richard Lavers says that positive trend is expected to continue into next year.

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Business and Economy
3:10 pm
Mon September 22, 2014

Whole Foods' Pricey, Personal Formula Could Put Pressure On N.H. Farmers

Credit Sheryl Rich-Kern for NHPR

Whole Foods opened its first New Hampshire store in Nashua last month. It plans to add stores in Bedford and Portsmouth by 2016.

It’s an open question whether the Texas-based chain known for high-end natural and organic products can compete with farmers markets on the one hand and with the reopened Market Basket, or the grocers that saw their business grow as the Demoulas family feuded.

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New England Snapshot
2:25 pm
Wed September 17, 2014

Maine Sponsors NASCAR Race Car To Promote Tourism, Business Climate

Gov. Paul LePage poses for the cameras with Miss Maine, left, Miss Teen Maine, and NASCAR driver Austin Theriault, in front of Theriault's car.
Credit Patty Wright, MPBN

It's being billed as the first-ever public-private sponsorship of a race car. Today Gov. Paul LePage announced that the state of Maine will use Fort Kent NASCAR driver Austin Theriault's car as a billboard for the slogan, "Maine is open for business." The sponsorship cost the state $50,000. Some are celebrating the move, while others question whether it will drive business to the state.

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New England Snapshot
2:15 pm
Wed September 17, 2014

Bucking Trend Of Industry Decline, American Woolen Company Relaunches In Connecticut

The main offices of the American Woolen Company in Stafford Springs.
Credit J Holt for WNPR

The slow death of the textile industry in the U.S. was underscored last December by the closure of the last operating mill in Connecticut, the historic Warren Mills in Stafford Springs. That same mill is celebrating its re-opening under new owners. 

How does the American Woolen Company expect to buck the trend?

In early 2013, investment banker Jacob Harrison Long bought the American Woolen Company. Once one of the nation’s most recognized textile companies, when Long arrived, it was little more than a trademark.

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Business and Economy
3:31 pm
Mon September 15, 2014

To Attract Millennial Workers, Ditch The Cubicles

Originally published on Mon September 15, 2014 9:09 am

As you head to work this morning, your workspace sits empty, awaiting your return. Maybe it’s a cubicle, a windowless box, or a corner office with a view of Boston harbor. Whatever it is, that may change soon, in order to not only accommodate but attract a younger workforce.

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Market Basket
8:09 am
Fri September 12, 2014

Arthur T. Demoulas Says Sales Are Strong, Is 'Happy Being A Grocer'

Credit Roger Wood for NHPR

The chief of the Market Basket supermarket chain says the company's 71 stores have already accomplished a remarkable turnaround thanks to employees who worked day and night to restock shelves left empty by a worker revolt in his support.

Arthur T. Demoulas is back in control after offering more than $1.5 billion to buy shares of the private company from rival relatives who had fired him.

His ouster led to worker walkouts and customer boycotts that brought the chain to a standstill.

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Market Basket
2:14 pm
Sun September 7, 2014

Recovery Begins At Market Basket Stores

Credit Ella Nilsen / NHPR

Market Basket is looking to new customers as well as old as it begins its recovery from a six-week employee walkout and customer boycott.

Store managers of the New England supermarket chain say they are seeing a lot of new faces in the food aisles since the board of directors agreed to sell the company to its ousted leader, Arthur T. Demoulas.

Employees have been working around the clock to restock store shelves. Managers say they expect to be nearly fully stocked this weekend.

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Market Basket
4:00 pm
Fri August 29, 2014

How The Market Basket Deal Works: No Risk, No Reward

A plaque with the Blackstone Group logo is photographed Monday, Aug. 13, 2007 at its headquarters in New York.

Originally published on Fri August 29, 2014 9:46 am

How does a deal like the $1.5 billion buyout of Market Basket work? What did it take Arthur T. Demoulas to gain total control of the 71-store supermarket chain from warring relatives? It was complicated — from start to finish.

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Business and Economy
3:23 pm
Wed August 27, 2014

Unions For FairPoint Workers Deliver Contract Proposal

Unions representing more than 1,700 FairPoint Communications workers in Maine, New Hampshire and Vermont have delivered another contract proposal to the company in hopes of ending a stalemate.

Pete McLaughlin from the International Brotherhood of Electrical Workers in Maine said the proposal submitted Wednesday aimed to reduce operation costs while meeting union members' needs.

The previous proposal submitted on Aug. 14 was rejected by the company.

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Business and Economy
8:02 am
Wed August 27, 2014

Market Basket Standoff Hits 40-Day Mark

Credit Ella Nilsen / NHPR

In several theologies, including the Greek Orthodox faith of the Demoulas family who own Market Basket, 40 days and 40 nights is symbolic for a prolonged period of trial and suffering.

This story originally published by WBUR.

“This is evil,” said Cheri Nolan who is a general manager at Andover’s Indian Ridge Country Club, which Market Basket owns. “They just want to destroy the company. In my opinion, they are evil.”

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Business and Economy
9:54 am
Tue August 26, 2014

Market Basket Employee Files Complaint With National Labor Relations Board

Market Basket employees protest in Tewksbury Monday.

Originally published on Tue August 26, 2014 10:05 am

Market Basket employee Karen Bostwick, of Tewksbury, has filed a charge with the National Labor Relations Board, contending current Market Basket management is “violating the right to picket and strike.”

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Market Basket
1:16 pm
Sat August 23, 2014

No Deal Yet For Market Basket

A sign supporting Arthur T. outside a Market Basket in Concord, NH
Credit Rebecca Lavoie for NHPR

The family feud that has brought the Market Basket supermarket chain to its knees may be nearing its end.

Ousted CEO Arthur T. Demoulas has reportedly made a $1.5 billion offer to buy out the part of the company controlled by his rival cousin, Arthur S. Demoulas, and his allies on the board.

The board was scheduled to meet Sunday but the meeting was called off due to disagreements over some terms of the sale.

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Market Basket
4:52 pm
Fri August 22, 2014

Arthur T. Demoulas Submits Final Market Basket Bid

Market Basket in Somerville.

Originally published on Mon August 25, 2014 9:14 am

The bitter five-week standoff that has cost thousands of Market Basket workers their jobs and prompted a customer boycott may be drawing to a close.

Ousted Market Basket CEO Arthur T. Demoulas submitted a final offer to buy his family’s grocery chain on Friday. The details of the offer have not been made public.

A Market Basket representative says the board is scheduled to meet Sunday or early next week to discuss his final bid.

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Market Basket
4:34 pm
Wed August 20, 2014

N.H. Market Basket Vendors Pull Out In Support Of Workers

Shopping carts are arranged forming the letters ATD in the parking lot of a Market Basket Supermarket in North Andover, Mass., Monday, Aug. 11, 2014, in support of former CEO Arthur T. Demoulas.
Credit AP Photo/Elise Amendola

Some New Hampshire food and beverage vendors who supply Market Basket's shelves say they're backing workers by no longer selling products to the beleaguered grocery chain.

Moonlight Meadery of Londonderry makes honey wine, and the company's founder, Michael Fairbrother, says Market Basket was his biggest retail client, accounting for about one-third of sales. 

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Market Basket
8:40 am
Mon August 18, 2014

Governors Hassan, Patrick Working To Broker Market Basket Deal

Credit Val D'Aquila via Flickr CC

The governors of Massachusetts and New Hampshire are stepping up efforts to broker a deal to bring the Market Basket standoff to an end.

Massachusetts Gov. Deval Patrick and New Hampshire Gov. Maggie Hassan actively participated in negotiations Sunday with feuding cousins Arthur T. Demoulas and Arthur S. Demoulas as well as several other shareholders.

The grocery store chain has 71 stores, all but one in Massachusetts and New Hampshire.

A Patrick spokeswoman says the "the parties have made real progress" and are encouraged that a "resolution may be within reach."

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Business and Economy
4:55 am
Mon August 18, 2014

Whole Foods Opens First New Hampshire Location Tuesday

This Austin, TX Whole Foods interior shot is typical of the upscale chain's aesthetic.
Credit Mark Stevens via Flickr CC

The upscale grocer Whole Foods, which is based in Texas with close to 400 stores around the country, opens its first New Hampshire location on Tuesday in Nashua. 

The food business has its share of troubles in New Hampshire. Market Basket’s labor protests are keeping shelves empty and customers away. And last year, Shaw’s closed many of its stores, and Stop & Shop pulled out of the state altogether.

But despite these struggles and competition from big-box retailers or local farm stands, Whole Foods is betting on consumer demand for natural and organic. 

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Business and Economy
11:38 am
Tue August 12, 2014

N.H. Unemployment Rate Unchanged In July

New Hampshire’s unemployment rate remained unchanged last month, at 4.4 percent.   At the same time last year, it was 5.2 percent.   But the state’s Employment Security office reports the number of Granite Staters in the workforce shrank by 2,550 people from June.  And 310 more people were unemployed.   Nationally, the jobless rate went up slightly, to 6.2 percent.

Market Basket
8:27 am
Mon August 11, 2014

Arthur T. Demoulas Says Terms, Not Price, Preventing A Deal To Buy Market Basket

A sign posted outside a Market Basket in Concord, NH
Credit Rebecca Lavoie for NHPR

The former CEO of the Market Basket supermarket chain who is attempting to regain control of the company from relatives says "onerous" terms are preventing him from buying a controlling share from those family members.

Arthur T. Demoulas said in a statement issued by a spokeswoman Sunday that his offers to buy the company "have been rejected, not on the basis of price, but with counterproposals that have been laden with onerous terms that are far beyond comparable transactions."

Demoulas was fired in June by a board controlled by his rival cousin, Arthur S. Demoulas.

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Market Basket
8:08 am
Tue August 5, 2014

Market Basket Workers Hold Largest Rally To Date

The scene at the rally in Tewksbury, Mass. on Tuesday.
Roger Wood

An estimated 12,000 Market Basket employees rallied in Tewksbury today, as workers continue to put pressure on the company’s Board of Directors to reinstate ousted CEO Arthur T. Demoulas.

Dave Mansur is the produce manager for the Concord Market Basket on Fort Eddy Road.

He was at today’s rally and joins All Things Considered to talk about what happened.

Can you set the scene of what was happening down in Tewksbury?

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Market Basket
2:02 pm
Mon August 4, 2014

Market Basket Deadline Day: What Are The Legal Options?

Market Basket employees protest in Tewksbury.

Originally published on Mon August 4, 2014 9:14 am

As the standstill surrounding the supermarket chain Market Basket enters its third week, the store is following through with its plan to hold job fairs — first to entice existing Market Basket employees to apply for higher positions, and then for the general public.

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