Thursday, June 11, 2009

Daily Business Update from the Boston Globe

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Thursday, June 11, 2009

Yolanda has a deal for laid-off brides
Pink slips don't go with white wedding dresses, so Yolanda Cellucci, a local impresario of bridal couture, said her Yolanda's Bridal Salon in Waltham will award wedding gowns and bridesmaid dresses to three brides-to-be who have recently lost their jobs....

A Nordstrom Rack is planned for Shoppers World
Nordstrom Inc., the Seattle-based fashion retailer, said it plans to open a 40,159-square-foot Nordstrom Rack store in Framingham's Shoppers World in spring 2010. Nordstrom Rack is part of the company's off-price retail division, the company said in a press release....

Axis Three has new CEO, new US headquarters
Steve Crummey (right) has joined Axis Three as chief executive. Headquartered in Belfast, Ireland, the company specializes in simulation tools for the cosmetic surgery industry. One of the new chief executive's missions is to establish Boston as the company's US...

Canellos named Globe's editorial page editor
Peter Canellos, The Boston Globe's Washington bureau chief, has been named editor of the newspaper's editorial page, succeeding Ren?e Loth, who has held the position since 2000. Canellos (right) will oversee the Globe?s editorial board, op-ed columnists, letters to the...

Germiest vacation spots? TripAdvisor's on the case
A Newton-based firm has created a list of the world's "germiest" destinations. TripAdvisor LLC, which is best known for user-generated reviews of hotels and tourist attractions, picked the top five, tongue in cheek. The world's germiest attractions, by TripAdvisor's lights:...

Analogic taps new chief financial officer
Imaging equipment maker Analogic Corp., an imaging equipment maker headquartered in Peabody, said it has appointed Michael L. Levitz chief financial officer, vice president and treasurer. Levitz starts the job July 6. He was most recently a vice president...

Survey: Hard times don't hurt work relationships
Low workplace morale and strained relations between bosses and their minions may not be as bad as feared. At first blush, it might seem that a recession would aggravate tensions among the cubicle drones parodied in the comic strip Dilbert....

Progress Software hires Benson as CIO
Progress Software Corp., a business software developer based in Bedford, named a former News Corp. executive to the newly created position of chief information officer. David Benson, who held the same title at News Corp., will report to Progress Software...

DIGMA aims to help grow state's design economy
The Design Industry Group of Massachusetts, or DIGMA, has announced its launch with the help of a $150,000 grant from the Massachusetts Technology Collaborative?s John Adams Innovation Institute. DIGMA describes itself as "an economic cluster initiative aimed at growing the...

IDC: Personal computer shipments fell
Worldwide PC shipments fell 6.8 percent in the first quarter of 2009; while about 1.4 percent better than expected, it was still the largest decrease since the third quarter of 2001, IDC said. Headquartered in Framingham, IDC is a global...

Happy birthday, Brigham's Ice Cream
(Image provided by Brigham's.) When Brigham's unveiled Quack Tracks, an ice cream salute to the children's classic "Make Way for Ducklings" and the duck boats that ply the Charles River, it seemed to be the desert trolley's ultimate triumph....

Today in Globe Business
With money tight, food buys favor At a time when businesses are cutting jobs and benefits, they're finding that when it comes to boosting employee morale, a free hot dog goes a long way. William A. Berry & Son Inc....

Wednesday, June 10, 2009

Union says it would be interested in a stake in Globe
The Boston Newspaper Guild said today that it is interested in becoming a partner and taking a stake in The Boston Globe should a buyer emerge for the newspaper. Guild president Daniel Totten said the union would be interested in...

Men's Wearhouse drops bid for Filene's Basement
Men's Wearhouse has dropped its $67 million bid to buy Filene's Basement and an auction for the bankrupt chain will be reopened on Friday, according to one of the losing bidders, Stanley Chera of Crown Acquisitions. "The original winner is...

Back Bay parking space sells for record $300,000
Housing prices may be down, but the cost of a coveted parking space is not. Today, a buyer paid $300,000 for a private parking space in Boston's Back Bay section, making it the most expensive parking space in the city's...

Galvin wants Cohmad records in Madoff case
Massachusetts Secretary of State William F. Galvin is again pressing in court for Cohmad Securities Corp., a brokerage firm that was part-owned by Bernard Madoff, to produce customer records that the state and the trustee in the Madoff bankruptcy are...

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