Monday, June 1, 2009

Daily Business Update from the Boston Globe

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Monday, June 1, 2009

Cape Cod debuts new potato chip variety
Cape Cod Potato Chips, the Hyannis snack company, unveiled its newest potato chip variety - Cape Cod Parmesan & Roasted Garlic Potato Chips. "Both flavors marry to create a rich, indulgent taste that perfectly pairs with Cape Cod's distinctively...

BBN Technologies wins $11.3m in gov't funding
BBN Technologies, the Cambridge firm that helped develop the Internet and electronic mail, said it has been awarded $11.3 million in funding by the Defense Advanced Research Projects Agency for the Wireless Network after Next program. The Wireless Network...

Diamond to croon songs sung in red, white, and blue
(File photo: Christof Stache/AP) Locals may soon hear "Sweet Caroline" in a venue other than Fenway Park. Neil Diamond, the pop singer whose hit "Sweet Caroline" has become a sort of unofficial anthem of Red Sox home games, will...

Mass. gas price rose 8 cents last week
(File photo: Justin Sullivan/Getty Images North America) The average price for a gallon of self-serve regular unleaded gas in Massachusetts rose 8 cents to $2.439, the eighth straight week of price increases, AAA Southern New England said. In AAA...

Norton auto parts center closing under GM bankruptcy
A General Motors Corp. parts distribution center in Norton will close under the automaker's bankruptcy plan, which it officially filed this morning, eliminating about 70 local jobs. As it restructures, GM will close 14 US manufacturing plants, as well as...

Who, What, Where
Don Bulens has joined Unidesk as president and chief executive. The Marlborough company specializes in virtual desktop management software. His appointment enables Unidesk founder Chris Midgley, who had been the company's acting CEO, to focus full-time on his CTO...

Menino is set to announce development loans
Mayor Thomas M. Menino is scheduled to announce three "Boston Invests in Growth" loans at a Hyde Park event this morning, his office said in a media advisory. The loans will enable development to move forward on a new shopping...

Sepracor says epilepsy treatment is under review
Sepracor Inc., the Marlborough drug maker, said it has been notified by the Food and Drug Administration that the company's New Drug Application for an epilepsy treatment is now under formal review. The treatment is called STEDESA, said Sepracor,...

Celtics are honored as top pro team of 2008
(Paul Pierce of the Celtics drives past Orlando's Dwight Howard. File photo: Jim Davis/Globe staff) The Boston Celtics have been honored as the 2008 Professional Sports Team of the Year by the SportsBusiness Journal and SportsBusiness Daily. The Sports...

PVI agrees to buy E Ink for $215 million
(File photo: Mario Tama/Getty Images North America) A Taiwan company said it has agreed to pay $215 million to buy E Ink Corp., the Cambridge company whose high-resolution electronic paper displays are a big part of the Kindle 2...

Akamai report examines cloud computing
Akamai Technologies Inc., an Internet infrastructure company, said it is releasing today the first in a four-part series of white papers offering perspective on cloud computing. A recent Globe story described cloud computing as a broad and somewhat nebulous term...

Today in Globe Business
Banks open the Sunday window Six days a week, Brad Rowe works as a carpenter. On Sundays, he heads to the bank. Rowe used to have to scurry to the bank during his lunch hour, he said. But then TD...

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