Tuesday, July 7, 2009

Daily Business Update from the Boston Globe

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Tuesday, July 7, 2009

Group issues report on NH ski season
(File photo: Mark Wilson/Globe staff) By Chris Reidy, Globe Staff There were 2,289,426 alpine skier and snowboarder visits to New Hampshire resorts last winter, decline of 3 percent for the previous winter of 2007-08, which set the state's all-time...

Wertheimer is appointed to Tufts post
By Chris Reidy, Globe Staff Randy Wertheimer, chief of family medicine at Cambridge Health Alliance, has been appointed as the Jaharis Family Chair in Family Medicine at Tufts University School of Medicine, the alliance said. She will continue to serve...

SolidWorks software helps build rinks in a hurry
By Chris Reidy, Globe Staff Dassault Syst?mes SolidWorks Corp., which has offices in Concord, said its computer-aided design software can dramatically cut the time needed to design a components for a hockey rink. SolidWorks said that one of its customers,...

Boston Ventures acquires CK Media
By Chris Reidy, Globe Staff Boston Ventures, a Boston private equity firm that invests in the media, information and publishing, entertainment, and communications sectors, said that its Fund VI portfolio company, BVK Holdings, owner of the consumer enthusiast publisher New...

Nelson Mullins expands in Boston
By Chris Reidy, Globe Staff The law and lobbying offices of Nelson Mullins Riley & Scarborough LLP, a law and lobbying firm, said it has added 21 professionals to its Boston office, many through the acquisition of the Boston law...

Kraft joins efforts to bring World Cup tourney to US
By Chris Reidy, Globe Staff Robert Kraft, a founding investor of Major League Soccer,?has accepted an invitation to join the board of directors for the USA Bid Committee in its efforts to bring the FIFA World Cup to the United...

Millennium will be involved in cancer drug test
By Chris Reidy, Globe Staff Two Japanese companies, CanBas Co. Ltd. and Takeda Pharmaceutical Co. Ltd., said they will advance into a Phase II trial a drug candidate called CBP501, a potential treatment for patients with non-small cell lung cancer....

Staples gears up for back-to-school season
By Chris Reidy, Globe Staff Staples Inc., the Framingham retailer that sells lots of back-to-school supplies, today unveiled a list of what it deems as must-have products for trendy scholars looking to be both hip and studious. In the Staples'...

Bond Brothers wins two upgrade projects
By Chris Reidy, Globe Staff Bond Brothers, a family owned construction firm based in Everett, said it's won two projects worth $4.6 million. Bond Brothers said it was awarded a $3.2 million contract from Spectra Energy to install a 1.1...

Papa Gino's announces key promotions
By Chris Reidy, Globe Staff Papa Gino?s Inc., the Dedham parent company of the Papa Gino?s and D?Angelo restaurant chains, announced the promotions of Gary Sandeen and Kathy Tirrell in a move "geared toward strengthening the company?s day-to-day operations."...

Nuance aims to deliver better value than Adobe
By Chris Reidy, Globe Staff Nuance Communications Inc., a Burlington provider of speech and imaging solutions, today introduced Nuance PDF Converter Professional 6, the newest release of its flagship desktop PDF solution. As companies look to right-size their information-technology investments...

Excel Venture launches life sciences fund
By Chris Reidy, Globe Staff Excel Venture Management said it has launched its first fund, Excel Medical Fund, a $125 million fund that will be invested in early- to late-stage companies with "transformative life science technologies." Boston-based Excel Venture Management...

Feds tell RI bank to stop making student loans
Associated Press A Rhode Island bank has been ordered by federal regulators to stop making student loans. The US Office of Thrift Supervision said Monday that North Providence-based Union Federal Savings Bank must stop making loans after the bank's parent...

Business confidence in Mass. slips
By Chris Reidy, Globe Staff Business confidence in Massachusetts slipped eight-tenths of a point to post 38.2 reading in June on the Associated Industries of Massachusetts Business Confidence Index. The index is based on a 100-point scale with 50...

Hologic gets OK for contraception system
By Chris Reidy, Globe Staff Hologic Inc., a Bedford medical products company, said the US Food and Drug Administration has granted its premarket approval application for the Adiana permanent contraception system. "The Adiana system is designed to provide women a...

Today in Globe Business
Lenders avoid redoing loans, Fed concludes Mortgage lenders don?t try to rework most home loans held by borrowers facing foreclosure because it would probably mean losing money, a study released yesterday by the Federal Reserve Bank of Boston concludes. The...

Monday, July 6, 2009

Dunkin' franchisee seeks bankruptcy protection
A Dunkin? Donuts franchisee filed for Chapter 11 bankruptcy protection today, citing a sales decline that made it impossible to meet loan obligations. Kainos Partners Holding Company LLC, of Greer, S.C., operates 56 Dunkin? Donuts locations in New York, South...

Altus renegotiates Waltham leases
By Todd Wallack, Globe Staff Altus Pharmaceuticals Inc., which recently cut 75 percent of its workforce, said it has renegotiated leases for its two facilities in Waltham. The biotechnology company said it agreed to pay its landlord more than $1...

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