Business Newsreel: NH Thrift Bancshares announces dividend; Weekly jobless claims sink
NeighborWorks awarded $100,000 by TD Foundation
MANCHESTER — NeighborWorks Southern New Hampshire was recently awarded a $100,000 affordable housing grant through the TD Charitable Foundation's Housing for Everyone grant competition, the nonprofit announced.
The grant will be used to support the organization's community development initiatives on Manchester's West Side.
This is the third Housing for Everyone Award that NeighborWorks Southern New Hampshire has received in the past four years. Since 2007, NeighborWorks Southern New Hampshire has committed to revitalizing neighborhoods on Manchester's West Side, beginning with the West Granite area and extending to adjacent neighborhoods.
The nonprofit has acquired 11 West Side properties including 33 units, demolished two buildings, and rehabilitated nine buildings with 21 units.
It has created off-street parking, open space, homeownership and affordable rental opportunities, while reducing density.
NH Thrift Bancshares announces dividend
NEWPORT — New Hampshire Thrift Bancshares Inc., savings and loan holding company of Lake Sunapee Bank, has declared a regular quarterly cash dividend of 13 cents per share payable Jan. 31, to stockholders of record as of Jan. 24.
In addition, its board of directors set May 8 as the date of the 2014 annual meeting of stockholders, which will be held at 10 a.m. at the Lake Sunapee Bank Building, 1868 Room, 9 Main St., Newport.
New Hampshire Thrift Bancshares, through its direct and indirect subsidiaries, operates 28 locations in New Hampshire in Grafton, Hillsborough, Merrimack and Sullivan counties and 16 locations in Vermont in Orange, Rutland and Windsor counties.
It has total assets of approximately $1.4 billion.
Weekly jobless claims sink ahead of report
WASHINGTON — Initial claims for unemployment benefits fell to 330,000 last week, the lowest level since November, as holiday season volatility continued to ease ahead of the government's jobs report Friday.
The number of people filing for first-time jobless benefits was down from an upwardly revised 345,000 the previous week, the Labor Department said Thursday.
The drop was in line with analysts' projections.
Jobless claims are particularly volatile during the Thanksgiving-New Year's Day holiday season.
The four-week average, which smooths out some of the volatility, fell to 349,000 last week, a drop of 9,750 from the previous week, the Labor Department said.
Weekly claims below 350,000 indicate moderate job growth. Also on Thursday, outplacement firm Challenger, Gray and Christmas Inc. said that announced layoffs tumbled in December to 30,623, down nearly a third from the previous month to the lowest level since 2000.
Los Angeles Times