Tuesday, June 9, 2009 Turbine plans free Dungeons & Dragons
Turbine Inc., a Westwood company that creates and operates massive, persistent online worlds that foster social gaming communities, said it plans for offer a free version of its online Dungeons & Dragons game. Turbine said it will soon unveil... Times Co. does not foresee closing Globe
With the 23 percent pay cut imposed on members of the Boston Newspaper Guild, the paper's owner, the New York Times Co., said it has achieved the savings it needs from the paper's unions and does not foresee shutting it... Fung Wah Bus plans Providence-NY service
Fung Wah Bus will start nonstop service from Providence to New York starting June 15. Plans call for daily departures from Rhode Island at 7 a.m. and 9 a.m., with two returns from New York at 4:15 p.m. and 6:15... Coakley reaches settlement in subprime case
Massachusetts Attorney General Martha Coakley has entered into a settlement with Fremont Investment & Loan and its parent Fremont General Corp. to resolve a lawsuit about subprime loans, Coakley's office said. "Fremont has agreed to pay the commonwealth $10... Marriott's Champions is getting a makeover
(This rendering was provided by the hotel.) The Boston Marriott Copley Place plans to open an upgraded version of its Champions restaurant this summer, the hotel's owner, Marriott International Inc., said in a press release. Champions currently occupies space... Raytheon wins Navy contract for electron laser
Waltham defense contractor Raytheon Co. said it won a contract to help develop a free electron laser for the Navy. The contract to develop the preliminary design of the laser is the first of a three-phase prototype program worth... State Street will repay TARP proceeds to Treasury
State Street Corp., the Boston company that provides financial services to large institutional investors, said that its application to repay the full amount of the US Department of the Treasury's investment in the company under the Troubled Asset Relief Program... MIT Sloan study: Spend less, innovate more
Apple Inc. is often cited as one of the most innovative companies in the world yet devotes only 3 percent of its yearly revenue to research and development, according to a study by MIT Sloan School of Management senior... Who, What, Where
William E. Aliski has been appointed as senior vice president and chief commercial officer at FoldRx Pharmaceuticals Inc. of Cambridge. The move is in anticipation of the commercialization of the company's lead compound, Fx-1006A, which is being developed as the... ATN plans to buy Verizon Wireless assets for $200m
Atlantic Tele-Network Inc. said it has agreed to acquire certain wireless assets from Verizon Wireless for $200 million. Headquartered in Salem, Atlantic Tele-Network is a telecommunications company that specializes in providing voice and data wireless roaming services for US... Talbots posts 1Q loss, to cut 20 percent of jobs
(File photo: Wiqan Ang for The Boston Globe) Talbots Inc. this morning recorded a fiscal first-quarter loss amid increased charges, and said it will institute new job cuts of 20 percent as it looks to lower costs and streamline... BC event focuses on philanthropy in a recession
The Center on Wealth and Philanthropy at Boston College is scheduled to begin a two-day summit today on the state of wealth and giving during an economic crisis. The center said in a press release that it has teamed up... Necco supports the troops
(Necco photo) The New England Confectionery Co., the Revere candy maker also known as Necco, is escalating a candy offensive. During World War II, the company started supplying US troops with Necco Wafers and Clark Bars, and now it's... Crunchyroll taps Akamai for HD streaming
Akamai Technologies Inc. said that Crunchyroll, an online video service focused on offering full-length episodes of Japanese anime and other Asian movies, is using Akamai technology to help improve the quality of Crunchyroll's video delivery and High Definition, or... Today in Globe Business
Globe union votes no The Boston Globe's largest union last night narrowly rejected $10 million in wage and benefit cuts, and about an hour later the paper's owner declared an impasse in negotiations and imposed a 23 percent pay cut... Monday, June 8, 2009 Statement from The Boston Globe
We are disappointed that in a very close vote of 277 to 265 the Boston Newspaper Guild did not ratify the Globe?s final proposal. As we have stated, the $10 million in cost savings from this multifaceted proposal is essential... Statement from Daniel Totten, BNG President
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About 80 percent of the members The Boston Globe?s largest union turned out to vote on whether to accept $10 million in wage and benefit cuts that the newspaper?s owner, The New York Times Co., says it needs to keep... Greenfield workers to go longer without pay
Seventy-five employees of a metal-cutting factory in Greenfield who have been on unpaid furlough since April will remain out of work until at least July 6, according to Kennametal, the factory's parent company. The furlough, which was originally scheduled for... Evergreen agrees to pay $40m settlement
Boston-based Evergreen Investment Management Co. agreed to pay more than $40 million to settle allegations that it overstated the value of its mortgage-backed securities mutual fund, while secretly tipping off some of its favored investors about problems with the fund.... Boston Properties offering overallotment exercised
Real estate investment trust Boston Properties Inc. said Monday that the underwriters of its public offering exercised their overallotment option to purchase an additional 2.25 million shares of common stock at $50 per share. The company said it will sell... | 
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