Wednesday, June 24, 2009

Daily Business Update from the Boston Globe

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Wednesday, June 24, 2009

North to Alaska, via a different Logan terminal
Alaska Airlines passengers will have a new destination at Logan International Airport starting Saturday: Terminal A. The airline, which has been operating out of Terminal B under a sublease with US Airways, now has a sublease with Delta Air...

Westwood company tells Nike to leggo their logo
A sportswear company in Westwood has filed a lawsuit claiming it is being snubbed by a deal that placed the logo of the NBA Naismith Basketball Hall of Fame in Springfield on a new line of shoes from apparel...

Barney Frank endorses consumer agency concept
House Financial Services Chairman Barney Frank, Democrat from Newton, has come out for a new government agency protecting consumers from subprime mortgages and other high-risk financial products. Frank said today that his committee will consider legislation in July that...

Newton design firm appoints new CEO
Consultant firm Design Continuum Inc. in Newton is undergoing a change at the top for the first time in its history. Company co-founder Gianfranco Zaccai said he is appointing Harry West as the firm's new chief executive. West, pictured...

Mass. AG subpoenas medical device maker
Medical device maker Medtronic Inc. said Tuesday it received a subpoena from the Massachusetts Attorney General seeking documents related to a published study on the company's Infuse bone implant that was retracted after former Army surgeon Dr. Timothy Kuklo was...

Today in Globe Business
Record number of families in Mass. are living in motels at state expense Robert Cutler and Tanya Labitue wake each morning in a rundown Saugus motel room to the buzz of busy Route 99 and the coos of their 6-month-old...

Statement from the Newspaper Guild
The following is a statement from Dan Totten, president of the Boston Newspaper Guild. ?At approximately 11 p.m. this evening, the Boston Newspaper Guild reached a tentative agreement with the New York Times Company and Boston Globe management to achieve...

Statement from Globe publisher
Message from P. Steven Ainsley: Tentative Agreement with Guild Dear Colleagues, I am very pleased to announce that The Boston Globe and The Boston Newspaper Guild have reached a tentative agreement to be voted on by Guild members on Monday,...

Tuesday, June 23, 2009

Union, Globe have tentative deal on cost cuts
The Boston Globe and its largest union tonight reached a tentative agreement on $10 million in wage and benefit cuts, Boston Newspaper Guild president Daniel Totten said. The deal follows three months of bitter labor talks that threatened to close...

Next Step Living helps weatherize 150 homes
Boston-based energy audit firm Next Step Living will help weatherize at least 150 homes under the city's "Renew Boston Residential Energy Efficiency" initiative, a pilot program that started this week. Mayor Thomas M. Menino is expected to announce details of...

Rhode Island federal attorney joins Boston firm
Outgoing U.S. Attorney Robert Clark Corrente says he's joining a Boston-based law firm after leaving his post as Rhode Island's top federal prosecutor. Corrente will join Burns & Levinson as a partner next month. The firm is based in Boston...

S&W revenues rise, shares fall
Shares of gun manufacturer Smith & Wesson Holding Corp. dropped sharply Tuesday, despite posting fourth-quarter earnings that more than doubled, fueled by a 20 percent rise in revenue. The Springfield, Mass., company had previously posted its revenue for the quarter...

TJX settles with Mass., other states
AP file photo The parent company of retailers T.J. Maxx and Marshall's will pay $9.75 million in a settlement with Massachusetts and other states related to a massive data theft that exposed tens of millions of payment card numbers. Framingham,...

Congress moving to free S. Weymouth air base
U.S. Rep. William Delahunt said today he expects Congress to pass legislation by October that would jump start redevelopment of the South Weymouth Naval Air Station by allowing the government to transfer ownership of the property for free. "We have...

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