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March 26. 2013 6:48PM

New Hampshire Business Newsreel

Ayotte still fighting medical device tax

PORTSMOUTH - During a stop Tuesday at Medtronic's Portsmouth facility, U.S. Sen. Kelly Ayotte, R-N.H., said she is encouraged by last week's Senate vote in favor of repealing a new excise tax on medical devices.

The Senate voted 79-20 Thursday in favor of an amendment to the Fiscal Year 2014 budget resolution that calls for repealing the $29.1 billion medical device tax, which took effect Jan. 1 as part of President Obama's health-care law.

The budget resolution doesn't carry the force of law; Ayotte pledged to continue her fight to repeal the tax.

"Medical device manufacturers across New Hampshire have told me this tax will make it harder for them to invest and grow, and could result in job losses," said Ayotte, who co-sponsored the amendment.

Internet scheme warning issued

CONCORD - The New Hampshire Bureau of Securities Regulation issued a warning Tuesday about an Internet investment scheme offered by Inter Reef Ltd., doing business as "Profitable Sunrise."

Profitable Sunrise and the firm's owners, Roman and Radoslave Novak, have been the subject of enforcement actions by several states, including North Carolina, California, Minnesota, South Dakota, Kentucky and Maryland.

Profitable Sunrise, based in Birmingham, England, has been promising "risk-free" gains between 1.6 and 2.7 percent a day, the bureau said. Such returns fall into the "too good to be true category," Securities Director Barry Glennon said in a news release.

Investments offered by Profitable Sunrise are not registered in New Hampshire. Investors in several states are reporting they were instructed to wire money to questionable bank accounts in Eastern Europe.

The bureau is asking any New Hampshire resident who invested money with Profitable Sunrise to contact the bureau at (603) 271-1463.

Eats Week offers downtown discounts

MANCHESTER - Eats Week 2013, Downtown Manchester's interpretation of a Restaurant Week, begins Monday, April 8 and runs through Sunday, April 14.

Participants offering discounts include: 900 Degrees, Ben & Jerry's, Bridge Café, Cotton, Edible Arrangements, The Farm, Fratellos Italian Grille, Finesse Pastries, Firefly American Bistro and Grille, Gauchos Brazilian Steak House, Hooked, Ignite, Margarita's, Milly's Tavern, Mint Bistro, The Patio at the Hilton Garden Inn, Portland Pie Company, The Red Arrow Diner, Rouge Grille and Thousand Crane.

Deals include: dinner for two for $20 at 900 Degrees, three courses for $18.95 at Margarita's, $15 dinners at The Rouge Grill, and $5 lunches at Cotton.

For a full list and details, visit www.intownmanchester.com.



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