CONCORD - FairPoint Communications' reorganization plan will eliminate $1.8 billion in debt and reduce labor costs while maintaining its broadband build-out commitments for northern New England.

►fprestructuring.com

MANCHESTER - The U.S. Bankruptcy Court has ordered a financial examination of Robert Farah, known to congregants of Center Harbor Christian Church as "Pastor Bob."

MANCHESTER - The man who runs the Respect Life office at the Diocese of Manchester has been hired as the new director of Catholic identity for Catholic Medical Center.

MANCHESTER - U.S. Small Business Administration officials see a boon for community banks in the region from the President's $30 billion lending plan.

►Gregg skewers OMB chief over TARP funds (58)
►President unveils plan to use community banks for loans to small businesses (40)

LONDONDERRY - The man who purchased the 280 acres, Mike Kettenbach, has ties to the DeMoulas family but he said the project is not tied to the supermarket chain.

A fiery Judd Gregg, the senior Republican on the Senate Budget Committee, blasted the White House budget director today over his boss' plan to use bailout funds for a new business credit.

MANCHESTER - The IBEW and CWA unions have reached agreement with FairPoint to help the company emerge from bankruptcy and improve services.

CONCORD - Republican legislators yesterday called on Gov. John Lynch to appoint a panel to get a firm handle on how federal stimulus money has been spent in New Hampshire.