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Work / Business

Rymes Propane buys Fred Fuller Oil Company, starts deliveries immediately

Wednesday, November 26, 2014

There were times, even yesterday just hours before a judge signed the paperwork, when John Rymes doubted his offer to buy beleaguered Fred Fuller Oil Co. would become reality. “It’s been a roller coaster. Who needs Six Flags?” he said yesterday after the deal was finalized. Rymes, vice president and co-owner of what is now one of the largest fuel companies in the state, was standing in the Sheehan, Phinney, …

Can OPEC members unite to raise oil prices?

Tuesday, November 25, 2014

These are the moments OPEC exists for: A sharp drop in global oil prices has reduced the amount of money OPEC countries take in by nearly $1 billion a day. The 12-member group’s purpose is to coordinate how much oil is produced in order to keep prices high and stable and maximize member countries’ revenue while making sure global demand for oil stays …

Thanksgiving Day deals likely to trump Black Friday discounts

Tuesday, November 25, 2014

Thanksgiving could be the best day to shop all year. An analysis of sales data and store circulars by two research firms contradicts conventional wisdom that Black Friday is when shoppers can get the most and biggest sales of the year. Turns out, shoppers will find more discounted items in stores that are …

In the new Penacook downtown, city investment spurs private efforts

Friday, November 14, 2014

After more than a year on the job, the men and women in high-visibility jackets are scheduled to pack up and move out of downtown Penacook before the end of the month. They’ve buried wires, reconfigured an old …

Forbes: Maine now next-to-worst state for business

Thursday, November 13, 2014

Forbes magazine’s annual rankings of the best and worst states in which to do business show Maine improving from worst to 49th. The Portland Press Herald said Maine has held the distinction for the past four years, but is now one spot ahead of Mississippi. The magazine places …

Oil and politics: A senator scraps for survival

Thursday, November 13, 2014

In a blend of crude oil and raw politics, Louisiana Sen. Mary Landrieu scrapped yesterday for converts among fellow Democrats for legislation to approve the Keystone XL Pipeline before a runoff election that threatens to end her career in Congress. The White House said President Obama took a …

U.S. stocks close higher as Dow Jones hits record

Thursday, November 13, 2014

Stocks wavered between small gains and losses yesterday to close little changed as traders weighed generally strong earnings reports against the falling fortunes of energy companies. Indexes rose from the opening of trading following encouraging quarterly results from …

Business representatives make predictions on upcoming legislative action

Thursday, November 13, 2014

State lawmakers began filing requests for legislation yesterday, outlining in broad strokes their priorities for the 2015-16 session. For businesses, it may be too early to tell what effect the Legislature’s actions could have on the state’s economic environment, but some industry representatives said they have a general …

Exotic dance club in Gilford forced to close over code violations

Thursday, November 13, 2014

Disco lights bounced off the two dance poles on stage, and signs advertised buckets of beer for $20. The Lakes Region Cafe and Tavern exotic dance club felt like it was open for business yesterday afternoon. Except it …

143-year-old family-owned Foster’s Daily Democrat to be sold

Thursday, November 13, 2014

A 143-year-old family-owned New Hampshire newspaper will be sold to a neighboring newspaper group by the end of the year. Patty Foster, president and publisher of Foster’s Daily Democrat in Dover, announced the paper’s sale to Portsmouth-based Seacoast Media Group in a letter to employees yesterday. The assets …

US-China climate deal aims to prod others to act

Wednesday, November 12, 2014

A groundbreaking agreement struck by the United States and China is putting the world’s two worst polluters on a faster track to curbing the heat-trapping gases blamed for global warming. With the clock ticking on a worldwide climate …

Gas to average under $3 in 2015, government says

Wednesday, November 12, 2014

The average price of gasoline will be below $3 a gallon in 2015, the government predicted yesterday. If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year. In a …

Owner of Attitash, Crotched Mountain, Wildcat files $100 million IPO

Wednesday, November 12, 2014

Peak Resorts, which operates Attitash, Crotched Mountain and Wildcat ski areas and 10 others in the Northeast and Midwest, announced terms for its initial public offering Monday. The Wildwood, Mo.-based company plans to raise $100 million by offering 10 million shares at a price range of $9 to …