Business and Economy

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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Business and Economy
5:00 am
Mon August 4, 2014

S'more Than Tradition: Summer Camps Bring Big Dollars To The Granite State

The swimming dock at Camp Coniston
Credit L. via Flickr Creative Commons

Happy campers produce more than beaded wallets and macramé planters. They also generate millions in revenue, payroll and taxes.

At last count there were 289 youth summer camps in New Hampshire, contributing $317 million to the state’s economy and supporting 4,400 jobs with $128 million in total payroll, according to a 2011 report issued by the American Camps Association of New England.

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Business and Economy
5:06 pm
Wed July 30, 2014

The Currency: Federal Export Bank Debate Sparks Concerns In N.H.

Michael Boyle runs one of New Hampshire's largest exporters--and is a vocal supporter of the Export-Import Bank.
Credit Amanda Loder / NHPR

The Currency is NHPR's ongoing look at economic and business news in New Hampshire. 

The Biggest Bank You've Never Heard Of

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Market Basket
6:50 am
Thu July 24, 2014

How The Market Basket Debacle Has Affected The Brand

Warehouse workers protested Tuesday outside the Market Basket distribution center Tewksbury.

Originally published on Wed July 23, 2014 9:14 am

The shelves are bare at many of the 71 Market Basket locations from Massachusetts to Maine as the public battle over the future of the supermarket chain shows no sign of slowing.  

Defiant workers gathered outside the company’s distribution center in Tewksbury today, demanding the reinstatement of ousted CEO Arthur T. Demoulas and demonstrating their contempt for anyone who hasn’t taken up the cause. 


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Business and Economy
4:03 pm
Wed July 23, 2014

The Currency: Biz Reporter Brings N.H.'s Stratospheric Export Numbers Down To Earth

North Dakota's oil boom is having a direct effect on N.H.'s export numbers.
Credit Tim Evanson / Flickr Creative Commons

The Currency is NHPR's ongoing look at economic and business news in New Hampshire. 

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Business and Economy
11:42 am
Wed July 16, 2014

The Currency: How An Exeter-Based Skate Company Is Becoming One Of The Biggest Names In Sports

Credit Dale Walker / Flickr Creative Commons

The Currency is our ongoing look at economic and business news in New Hampshire. 

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Business and Economy
4:30 pm
Wed July 9, 2014

The Currency: As Paper Industry Folds Across U.S., N.H. Mill Thrives

Monadnock Paper Mills provides paper for special edition DVDs, high-end catalogs, and product packaging.
Credit Amanda Loder / NHPR

The Currency is our ongoing look at economic and business news in New Hampshire. 

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Business and Economy
2:30 pm
Tue July 8, 2014

Demographics, Wealth, Resiliency Add Up To More Over-Fifty Entrepreneurs

Boomer entrepreneur Steve Young poses on his motorcycle.
Credit Sheryl Rich-Kern for NHPR

What’s a classic profile of an entrepreneur? Smart, prone to risk and under the age of thirty. 

Steve Young of StreetWize Technologies personifies some of those qualities, except he’s a 56-year old starting a new business aimed at older motorcycle riders.

Young takes his fiery orange Harley Davidson touring bike out for a spin near his shop in Nashua. Soon he’ll install a product in the bike that you can’t see: a hidden third wheel. 

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