New Hampshire Business Newsreel
July 24. 2013 9:30PM
Lodging index falls as conditions weaken
DURHAM — U.S. lodging executives were less optimistic about present and future business conditions in June, according to the University of New Hampshire Lodging Executives Sentiment Index.
The index declined from 71.2 in May 2013 to 65.3 in June 2013.
From May to June 2013, lodging executives were less optimistic about present general business conditions, with optimism falling 11.7 percent. They also were less optimistic about general business conditions in the next 12 months, with future sentiment falling by 5.1.
“Some lodging executives were concerned about the economic conditions and the impact of the sequestration, particularly on the Washington, D.C., market,” said Nelson Barber, associate professor of hospitality management, who manages the index, in a news release.
Twenty-eight percent of lodging executives indicated current business conditions were good, a decrease from 38 percent last period, while 66 percent indicated conditions were normal, down from 72 percent during the same period. Six percent of the executives in the June period indicated such conditions were bad, a decline in sentiment from last period’s reading of zero.
Sovereign Bank rebranding as Santander Bank
Sovereign Bank, N.A., a wholly-owned subsidiary of Santander Holdings USA and one of the 25 largest retail banks in the United States by deposits, announced Wednesday that it will begin to market itself under the Santander brand and legally change its name to Santander Bank, N.A. on Oct. 17.
Sovereign Bank operates in Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island, serving 1.7 million retail and commercial clients.
It has 20 branches in New Hampshire and one branch in Manchester with other branches in Concord, Derry, Hillsborough, Hollis, Hooksett, Hudson, Londonderry, Merrimack, Nashua, Pelham, Plaistow, Raymond, Salem, Seabrook and Windham.
Sovereign Bank has been a financially autonomous member of the Santander Group since 2009. While the Santander Group has had business operations in the United States for more than 30 years, this change marks the first time it will operate as a federally chartered U.S. retail and commercial bank under the Santander brand.
Tilton outlets hosts backpack giveaway
TILTON — Tanger Outlets is hosting the 8th Annual Backpack Giveaway and ID Event at 10 a.m. Aug. 3 at the Tanger Outlet Center, 120 Laconia Road, Tilton.
As part of a nationwide effort, parents will receive free fingerprints and DNA of their children to include in the safety passport in which to maintain the child’s current vital statistics.
The first 300 children present will also receive a free backpack filled with various school supplies provided by participating merchants including Tommy Hilfiger and area businesses including Franklin Savings Bank. The event will take place outside Tommy Hilfiger.
Boeing shares touch all-time high
Shares of aerospace giant Boeing Co. briefly hit an all-time high Wednesday after the company posted a larger-than-expected 13 percent jump in second-quarter profit that was driven by higher deliveries of passenger jets.
Boeing reported a profit of $1.09 billion, or $1.41 a share. Excluding pension obligations, the company earned $1.67 a share. That compares with $967 million, or $1.27 a share, a year earlier.