Monday, June 8, 2009 Vertex swaps $103.3 million in notes for stock
Vertex Pharmaceuticals Inc. said it will swap $103.3 million of its convertible notes for common stock. The Cambridge company said holders of its 4.75 percent convertible senior subordinated notes due 2013 agreed to exchange the notes for about 4.8... Markey addresses chamber on clean energy
US Representative Edward J. Markey predicted that a climate control bill now before the Congress has the potential to bring billions of dollars and 150,000 clean technology jobs to Massachusetts if the bill is enacted into law. Markey, a... Wellford joins Bingham's Washington office
Bingham McCutchen LLP, a law firm with a big presence in Boston, said Hill Wellford, former chief of staff of the US Justice Department's Antitrust Division, is joining Bingham's Washington, D.C., office as a partner in its antitrust and trade... Roxbury hospital to open 14-bed wing
Radius Specialty Hospital, a long-term acute care center in Boston's Roxbury neighborhood, on Thursday will formally open a new patient wing with 14 private rooms. The hospital on Townsend Street, known for 75 years as Jewish Memorial Hospital, was bought... State Street will provide services to Rio Tinto
State Street Corp., the Boston company that provides financial services to large institutional investors, said it has been appointed by Rio Tinto, an international mining group, to provide investment services for $8 billion in assets. "State Street will provide Rio... Raytheon wins $217 million Navy contract
Waltham defense contractor Raytheon Co. said it was awarded a $217 million contract by the US Navy for radar technology. Raytheon will provide long-lead materials for the Volume Search Radar arrays for the Zumwalt-class destroyer program as well as... Massachusetts gas prices keep on rising
(File photo: Josh Reynolds for The Boston Globe) The average for Massachusetts gas prices was up 8 cents in the latest weekly survey by AAA Southern New England; prices have now risen for nine consecutive weeks. AAA's June 8... Dyax's response accepted by FDA for DX-88
Dyax Corp. said the Food and Drug Administration accepted the Cambridge company's response to a request for more information on the drug candidate DX-88. In March, the agency asked for more information, specifically on a plan to evaluate and mitigate... Dunkin’ Donuts unveils 99 cent breakfast
(This photo was provided by the company.) Dunkin' Donuts, the Canton-based coffee-and-baked goods chain, unveiled a menu offering that aims to provide customers with breakfast for under a dollar. The new product is called the Wake-up Wrap, and it... Talbots agrees to sell J. Jill for $75 million
Talbots Inc., the Hingham retailer perhaps best known for classically styled women's apparel, said it has agreed to sell "substantially all of the J. Jill brand assets" to Jill Acquisition, LLC, an affiliate of Golden Gate Capital, a San... Cybex pink treadmill supports cancer research
Cybex International Inc., a Medway-based manufacturer of exercise equipment, announced the debut of special pink treadmills to raise funds for the Breast Cancer Research Foundation during Breast Cancer Awareness Month, which is October. "The pink treadmills will be sold... Parametric Technology buys small firm
Parametric Technology said it has acquired Relex Software Corp., a privately held Pennsylvania firm with about 50 employees, as part of a strategy to broaden its portfolio of product offerings. Terms of the acquisition were not disclosed, said Parametric... Green Mountain unveils daring new coffee flavor
Not satisfied with such mundane flavors as hazelnut and French vanilla, Green Mountain Coffee Roasters Inc. seems intent on experimenting with an exotic variety of caffeine - peach coffee. The Waterbury, Vt., company periodically issues Limited Edition Seasonal coffees... Aileron closes $40 million financing
Aileron Therapeutics, a Cambridge biotechnology company, said it has closed a $40 million Series D financing that was co-led by new investors SR One Ltd., the independent corporate venture fund of British drug maker GlaxoSmithKline, and Excel Medical Fund.... Today in Globe Business
Fewer but bigger dealerships are expected to boost car prices The shakeout in the US auto industry will mean fewer but larger dealerships - decreasing competition among dealers and pushing up consumer prices on some cars by several thousand dollars,... | 
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