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April 22. 2014 8:12PM

Business Newsreel

Fahey appointed AARP state director
CONCORD — AARP New Hampshire has appointed Granite State native Todd Fahey as state director.

Fahey will provide strategic guidance to staff and volunteers, give leadership to advocacy teams, and establish and maintain networks with the business community, nonprofit sector as well as state and local government officials throughout New Hampshire, said the nonprofit advocacy group, which has 228,000 members statewide.

Prior to joining AARP, Fahey practiced law for more than two decades, most recently as a director and shareholder with the Concord law firm Orr & Reno, PA, where he specialized in working with nonprofit organizations.

JetBlue pilots vote to join union

JetBlue Airways Corp. pilots voted on Tuesday to join the Air Line Pilots Association union, becoming the first employee group at the discount carrier to choose a bargaining agent.

The Air Line Pilots Association said in an emailed statement it was notified from the National Mediation Board of the result of the month-long vote. JetBlue has about 2,600 pilots.

Shares of JetBlue were down about 3 percent at $8.48 on Tuesday afternoon on the Nasdaq.
Reuters

Comcast adds video subscribers

Comcast Corp., the largest U.S. cable operator, posted higher first-quarter revenue and net income on Tuesday and showed it could add video subscribers for two quarters in a row, a rare sight in the cable industry.

The company, whose shares were up 3 percent, said it added 24,000 net video subscribers in the first quarter. That surprised analysts who expected a loss of 26,000 net subscribers, according to StreetAccount. Last year's fourth quarter marked Comcast's first upswing in cable video subscribers in more than six years.

Most cable companies have been shedding video subscribers for the past few years, losing them to satellite and telecom rivals as well as newer Web-based entrants such as Netflix Inc .

Reuters

Home sales are down
Home sales slipped across the U.S. in March as would-be buyers continue to grapple with tough credit standards and too few houses on the market.

Sales of previously owned homes — the bulk of the housing market — fell two-tenths of a percent in March to their slowest pace in nearly two years, according to the National Association of Realtors. It was the third straight month of declines.

The median home price climbed, but not as fast as it has in recent months, up 7.9 percent to $198,500.

NAR chief economist Lawrence Yun said he expected the fundamentals of the market suggested that the sales slowdown would turn around soon.

Los Angeles Times



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