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New Hampshire Business Newsreel

January 14. 2014 7:08PM

Optimism edges up for small businesses

Small-business optimism ended the year slightly up from November at 93.9, but below the previous three mid-year readings of over 94 and six points below the pre-recession average, according to the National Federation of Independent Business’ latest index.

On the positive front, reports of capital spending rose significantly in December, increasing by 9 points from November and job creation among NFIB firms was the best since February 2006.

“The conditions in New Hampshire are probably a little better than they are nationally because there’s no big push for higher taxes,” NFIB New Hampshire State Director Bruce Berke said. “But that could change with costly new mandates like minimum wage that drive up costs for small businesses.”

NFIB Chief Economist Bill Dunkelberg said the lackluster survey of small business owners is most likely influenced by lackluster consumer confidence.

BAE comments on $39M contract

NASHUA — BAE Systems in Nashua on Tuesday acknowledged a $39 million contracted with the U.S. Army for missile warning systems first announced by the Pentagon in October, when it also was reported by the New Hampshire Union Leader.

The Army systems include hostile fire indication to detect and evade small arms fire and new data recording capabilities for post-mission analysis.

“Our Common Missile Warning System has been battle tested with more than 2,100 systems delivered and integrated on more than 30 different platform types,” said Bill Staib, director of Threat Management Solutions at BAE Systems.

The $39 million order is the first under a proposed $496 million indefinite quantity contract and increases the total U.S. Army procurement of the warning systems to more than 1,300 units.

The systems have already been installed on Apache, Kiowa, and Blackhawk aircraft in Afghanistan.

Dyn recognized as ’engaged workplace’

MANCHESTER — Dyn, which provides Internet performance solutions, was recognized as one of the Achievers 50 Most Engaged Workplaces in the United States, the Queen City company announced Tuesday.

Earned in the past by companies like Zappos, Hubspot, Aflac, and HomeAway, the annual honor recognizes top employers that display leadership and innovation in engaging their workplaces.

“This award is a monument to the energy and passion that every individual brings with them daily to make Dyn a leader in employee culture as well as to the efforts of the management and culture teams,” Gray Chynoweth, Dyn chief operating officer, said. “Our goal is to act as a force for better workplace cultures across any industry.”

Dyn will be honored alongside other award winners at an April 2, 2014, gala in San Francisco.

Achievers’ panel of 14 judges evaluated each applicant based on communication, leadership, culture, rewards and recognition, professional and personal growth, accountability and performance, vision and values, and corporate social responsibility.

Beanie Baby maker avoids jail in tax-evasion case

CHICAGO — H. Ty Warner, the billionaire creator of Beanie Babies plush toys, avoided a prison sentence for hiding income from U.S. tax collectors in a Swiss bank account.

Warner was sentenced Tuesday to two years of probation for tax evasion by U.S. District Judge Charles Kocoras in Chicago. He must also perform a total of 500 hours of community service for three schools, the judge said.

Warner, the founder of toymaker Ty Inc. and Ty Warner Hotels & Resorts, failed to report more than $24.4 million in gross income to the Internal Revenue Service from 1999 to 2007, according to an agreement signed with prosecutors on Oct. 2, when he pleaded guilty to a single count of tax evasion based on his 2002 liabilities.

“I never realized the biggest mistake of my life would cost me the respect of those closest to me,” Warner, 69, said in court Tuesday. “I am truly sorry.”

Bloomberg News


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