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NH Business Newsreel: Brewery to honor late Greenland police chief


June 17. 2015 9:02PM




Brewery to honor late Greenland police chief

PORTSMOUTH — A local brewery is creating an ale to honor late Greenland Police Chief Michael Maloney, who was shot to death during a drug investigation in 2012.

The Beara Irish Brewing Co., 2800 Lafayette Road, plans to donate 25 percent of the proceeds from taproom sales of Maloney 260 Ale to a fund in Maloney’s name. The fund provides charitable services to the fire responders and promotes public safety through community projects, education and outreach.

“The ale is the least we can do to support those who protect and serve and give back to the community that supported us,” said brewery founder Michael Potorti, who ran the Chief Maloney Unity 10K run in April.

A kickoff release party is scheduled for 6 p.m. July 10. The stong ale will be available in pints and growlers through the taproom only.

FCC plans $100m fine for AT&T ’throttling’

WASHINGTON — The Federal Communications Commission on Wednesday proposed a $100 million fine against AT&T Inc., accusing the second-largest U.S. wireless carrier of misleading unlimited-data customers about possible slowdowns in download speeds.

In announcing the decision, which AT&T says it will “vigorously dispute,” the FCC said the carrier offered what it called unlimited data plans without sufficiently informing its customers that their Internet speeds could be slower than normal in some cases, a practice known as “throttling.”

“The FCC will not stand idly by while consumers are deceived by misleading marketing materials and insufficient disclosure,” FCC Chairman Tom Wheeler said in a statement.

Reuters

 

Fed says U.S. economy strong enough to handle rate hike

WASHINGTON — The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, U.S. Federal Reserve officials indicated on Wednesday.

After contracting in the first quarter, the economy is now on track to grow between 1.8 percent and 2.0 percent this year, down from the 2.3-2.7 percent range forecast in March, according to the central bank’s latest policy statement and new projections issued by Fed policymakers.

The Fed also said labor markets continued to improve, though with unemployment expected to be slightly higher at the end of the year than previously forecast in March. Inflation remains low but is expected to gradually rise to its 2 percent target over the medium term, the Fed said.

Reuters


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