Tuesday, June 30, 2009

Daily Business Update from the Boston Globe

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Tuesday, June 30, 2009

Dunkin' stops selling hot chocolate as a precaution
By Chris Reidy, Globe Staff Dunkin' Donuts, the Canton-based coffee-and-baked-goods chain, said that it will temporarily stop selling hot chocolate and Dunkaccino beverages as a precautionary measure after one of its suppliers learned that some of its equipment might be...

Hotels look to collaborate on biodiesel project
By Chris Reidy, Globe Staff Several local hotels said they are banding together to have their used vegetable oil converted into biodiesel fuel. The hotels participating in the collaboration include the Seaport Hotel, the Lenox Hotel, and the Ramada Inn...

Report: Local office vacancy rates are up slightly
By Chris Reidy, Globe Staff Vacancy rates for Greater Boston?s commercial real estate office market rose for the third straight quarter, though the rate of increase slowed dramatically, according to a quarterly report on the market issued by Richards Barry...

State Street: Investor confidence rose in June
By Chris Reidy, Globe Staff Global investor confidence rose 7 points from a revised May reading of 108.5 to reach 115.5 this month, said State Street Global Markets, the investment research and trading arm of State Street Corp. Headquartered...

Raytheon receives $167 million Navy contract
By the Associated Press Raytheon Co., the Waltham defense contractor, has received a $166.9 million Navy contract for air-to-air missiles, the company said. The contract for the AIM-9X infrared-guided missile will provide more than 250 jobs for Raytheon employees...

Groton OK's Verizon FiOS TV services
By Chris Reidy, Globe Staff The Groton Board of Selectmen has granted a cable franchise to Verizon Communications Inc. for its FiOS TV service, Verizon said. Because it uses an all-digital, fiber-optic network, FiOS is superior to other TV services,...

Covidien ranks tops as medical devices innovator
By Chris Reidy, Globe Staff Covidien, a provider of healthcare products with operations in Mansfield, said it was ranked the top innovator in the medical devices and services industry by the Patent Board, the official patent ratings partner of the...

Reebok hockey brands sign draft picks
(File photo of Tavares: Bruce Bennett/Getty Images North America) By Chris Reidy, Globe Staff Reebok International Ltd., the Canton outfit perhaps best known for athletic footwear, said it has signed up recent top National Hockey League draft choices to...

Galvin's website lists Fourth of July events
By Chris Reidy, Globe Staff The office of Secretary of State William F. Galvin said that its official website is listing Fourth of July holiday events such as parades and fireworks displays across Massachusetts. Because some cities and towns...

American Airlines to shut down Conn. call center
The Associated Press WINDSOR, Conn. - American Airlines has announced plans to shut down a reservation center in Connecticut by this fall. The airline says it will close the call center in Windsor, a move that affects hundreds of employees....

Russell lands Eaton Vance appointment
By Chris Reidy, Globe Staff Eaton Vance Investment Counsel, a division of Eaton Vance Management, said in a press release that Antoinette Russell has been appointed to the position of vice president, family office services. In this new position, Russell...

Forrester updates outlook for IT purchases
By Chris Reidy, Globe Staff Global purchases of information technology goods and services by are projected to decline by 10.6 percent this year, compared with the 3 percent decrease previously projected at the beginning of 2009, Forrester Research Inc. said...

Today in Globe Business
Madoff gets 150 years in prison NEW YORK - Despite his claims of contrition, Bernard L. Madoff was sentenced yesterday to 150 years in prison for a crime a federal judge called an act of ?extraordinary evil.?? The lengthy sentence...

Monday, June 29, 2009

Statement of Ruth Madoff
Ruth Madoff, the wife of disgraced financier Bernard Madoff, issued the following statement on Monday after her husband was sentenced to 150 years in prison for perpetrating Wall Street's biggest and most brazen investment fraud. I am breaking my silence...

Murrow awards go to three Boston stations
Three Boston area stations won top honors in the 2009 National Edward R. Murrow Awards. The awards, presented by the Radio-Television News Directors Association, highlight excellence in journalism. Overall, 51 news outlets were recognized for their work with 79 awards....

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