Monday, June 29, 2009

Daily Business Update from the Boston Globe

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Monday, June 29, 2009

Hill Holliday wins a Silver Lion at Cannes
By Chris Reidy, Globe Staff Boston ad agency Hill Holliday said it has won a Silver Lion at Cannes for ?Father?s Day,? a film it created for Liberty Mutual, the Boston-based insurance company. The Cannes Lions International Advertising Festival...

Who, What, Where
Ellen Cook has joined Jones Lang LaSalle as senior vice president on the corporate solutions team. With a big presence in Greater Boston, Jones Lang LaSalle is a financial and professional services firm specializing in real estate. Cook will manage...

Madoff is sentenced to 150 years
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Raytheon awarded $29.1m NASA research contract
Raytheon Co., the Waltham-based defense contractor, said in a press release that it secured a $29.1 million contract from NASA to develop enhancements to its aircraft operations computer simulation tool, the Airspace Concepts Evaluation System, or ACES. Raytheon's enhancements to...

Biogen confirms new infection linked to Tysabri
Biogen Idec Inc. has reported a new case of a potentially lethal brain inflammation in a patient using its drug Tysabri, the tenth such case since the drug was reintroduced three years ago. The company said late Friday it confirmed...

State Street may face SEC charges over mortgages
Asset management and servicing giant State Street Corp. of Boston said it might face civil charges by US securities regulators for exposing investors to losses on subprime mortgages. The company said that Securities and Exchange Commission staff had issued a...

Mass. gas prices fall for the first time in 12 weeks
(File photo: Michael Fein/Bloomberg News) The average price for a gallon of gas in Massachusetts dropped for the first time in 12 weeks, down 2 cents to $2.619 a gallon, according to the weekly survey from AAA Southern New...

CloudSwitch hires CEO, raises $8 million
CloudSwitch Inc., a Burlington company that is developing a software appliance for cloud computing, said that John McEleney is its new president and chief executive, and that it has completed a second round of financing for $8 million. As...

Staples: PC's require regular maintenance
More than 80 percent of users do not follow a regular maintenance schedule for their personal computers, according to a survey from Staples Inc. The Framingham-based company is perhaps best known as a retailer of office supplies, but its EasyTechs...

Dorel Juvenile debuts car-seat safety feature
Dorel Juvenile Group Inc., which has offices in Foxborough, announced the launch of Air Protect, a children's car seat safety feature designed to protect kids in the event of a side-impact crash. The feature was developed in conjunction with...

Golf trophy is designed with SensAble technology
SensAble Technologies Inc., a Woburn company that provides 3D touch-enabled modeling systems, said that golf sculptor Malcolm DeMille used its modeling system to design the trophy for this week's AT&T National golf tournament. According to the company, the trophy...

Friendly's says Free Ice Cream Day a hit
Friendly Ice Cream Corp., the Wilbraham company that operates the Friendly's chain of more than 500 family restaurants, said it gave away more than 500,000 scoops of ice cream during its Free Ice Cream Day promotion on June 6....

Infinity, Curis are added to Russell 2000
Infinity Pharmaceuticals Inc. said it was added to the Russell 2000 Index when Russell Investments reconstituted its comprehensive set of US and global equity indexes on June 26. Curis Inc. also announced that it was added to the Russell...

Today in Globe Business
Small investors saved the day for state When the state government faced an urgent cash crunch this past year, an unexpected ally stepped forward to help raise money when it became impossible to borrow from Wall Street: Massachusetts residents. Since...

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