Thursday, July 16, 2009

Daily Business Update from the Boston Globe

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Thursday, July 16, 2009

FDA approves Boston Scientific, Angiotech stent
Associated Press Boston Scientific Corp., a Natick-based maker of medical devices, and Angiotech Pharmaceuticals Inc. said the Food and Drug Administration approved marketing of a longer version of their Taxus Liberte drug coated stent. The companies said the Taxus Liberte...

Garden has new name, new logo
By Chris Reidy, Globe Staff It's official. As of right now, the place where the Bruins and Celtics play is the TD Garden, and the old TD Banknorth Garden name is history. To celebrate the arena's fourth name change...

This fridge will charge your iPod - and reheat pizza
By Chris Reidy, Globe Staff It will chill your beer, warm your left-over pizza, and recharge your laptop and MP3 player, its maker claims. We may be talking about more versatility here than a Swiss Army Knife - and...

AIM launches campaign to support a budget bill
By Chris Reidy, Globe Staff The Associated Industries of Massachusetts, the state's largest employer association, said it is initiating a public awareness campaign to help municipal governments solve budget deficits by improving efficiency and reducing costs and to support a...

And now from Dunkin’: Frozen Cappuccino
By Chris Reidy, Globe Staff Dunkin' Donuts, the Canton-based coffee-and-baked-goods chain, said it has introduced its new Frozen Cappuccino, which, according to the chain, delivers the utmost in frozen-beverage intensity. "Frozen Cappuccino is available beginning today at participating Dunkin' Donuts...

Harvard: Recession slows home improvement
By Chris Reidy, Globe Staff Owner spending on home improvements will continue to trend down through 2009 and into the first part of next year, the Joint Center for Housing Studies of Harvard University said today. "With annual declines hovering...

Mass. unemployment rate rises to 8.6 percent
The unemployment rate in Massachusetts rose to 8.6 percent with 2,300 jobs lost in June, the state's Executive Office of Labor and Workforce Development reported. Despite the losses for June, Massachusetts showed a net job gain of 3,300 over the...

MS drugs boost Biogen Idec revenues
By Chris Reidy, Globe Staff Biogen Idec Inc. said sales of its multiple sclerosis drugs Avonex and Tysabri helped it post second-quarter revenues of $1.1 billion, an increase of 10 percent from the same quarter a year ago. The Cambridge...

RI electric scooter maker lays off workers
Associated Press A manufacturer of high-end, electric scooters, and motorcycles has laid off nearly all its employees and will file for bankruptcy within 30 days unless it finds new investors or a buyer. Michael Boyle, president of Middletown, R.I.-based Vectrix...

U-Haul debuts a reuse center in Somerville
By Chris Reidy, Globe Staff U-Haul, a company whose specialties include moving and self-storage, said that one of its new U-Haul Reuse Centers is at a U-Haul facility located at 600 Mystic Valley Parkway in Somerville. "The Reuse Program was...

Today in Globe Business
South Station lease gives T scant profit State Auditor Joseph DeNucci is investigating the MBTA?s lease of South Station to a private real estate firm after determining the transit agency has in some years lost money, even as the building...

Wednesday, July 15, 2009

SEC alleges insider trading in Liberty Mutual deal
US regulators today filed insider trading charges against 11 people, including a 26-year-old former Goldman Sachs Group investment banking analyst who?s accused of leaking confidential merger information to his brother. The civil charges involve two separate trading rings, one involving...

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