New Hampshire Business Newsreel
NH home sales continue to rise
The sale of residential units continued its upward trend in January, while median prices declined slightly, according to data released Wednesday by the New Hampshire Association of Realtors.
The 800 residential sales in the first month of the year marked a 21 percent jump from the 660 sold in January 2012, while the median price of those sales, at $192,750, was 3 percent below the $198,000 of January a year earlier.
Sales volume in January grew 11 percent above 2012 - $174.6 million compared to $156.9 million.
Nine of the 10 New Hampshire counties saw unit sales increases in January, compared to the same period a year ago, with the only exception being Sullivan County, which saw an equal number of residential units sold. Four counties saw a median price increase, while Belknap and Merrimack counties saw the most significant drops in median price, at 19 percent and 12 percent, respectively.
New York Times looks for buyer for Boston Globe
NEW YORK - New York Times Co. is formally exploring a sale of the Boston Globe, its only remaining business outside the core New York Times media brand.
The publisher is working with Evercore Partners Inc. as an adviser for a sale, Times Co. said Wednesday in a statement. The company intends to focus its strategy and investment on the Times brand, it said.
Times Co., controlled by the Ochs-Sulzberger family, is coping with a difficult advertising market as spending on national campaigns continues to shrink industry wide. The publisher has sold other assets unrelated to the Times brand, getting rid of regional newspapers and About.com within the past 13 months.
Kocher Scholarship application available
The window to apply for the 2013 Kocher Technology Scholarship is open. The scholarship is for dependents of employees of New Hampshire High Technology Council member companies who are pursuing a degree in a STEM-related field (science, technology, engineering and mathematics).
The council will award up to nine renewable $2,000 scholarships for students attending one of New Hampshire's accredited two- or four-year colleges or universities.
New for 2013, the state Community College System and the University System of New Hampshire will match the $2,000 award for recipients who attend one of their institutions.
More information and the online application can be found on the New Hampshire Charitable Foundation website at nhcf.org or on the council website at nhhtc.org. The application deadline is April 1.
Champions in Action category announced
MANCHESTER - Citizens Bank has announced that arts and culture is the next category for the 2013 Champions in Action program, which provides financial, volunteer and public relations support to local nonprofits.
Nonprofit organizations focused on arts and culture are invited to apply for the Champions award to be announced in July. Applications can be completed online at citizensbank.com/community/champions and must be submitted by 5 p.m. Friday, March 8.
The selected Champion in Action will receive an unrestricted $35,000 grant from the Citizens Charitable Foundation, volunteer support from Citizens Bank colleagues, public relations and promotional support, and the opportunity for the organization's executive director to participate in a president-to-president mentorship with Joe Carelli, president of Citizens Bank and RBS Citizens, New Hampshire.