Tuesday, August 11, 2009

Daily Business Update from the Boston Globe

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Tuesday, August 11, 2009

Order is lifted against Brookline Bank
By Todd Wallack, Globe Staff The Office of Thrift Supervision has lifted a cease and desist order against Brookline Bank and its finance unit, Eastern Funding LLC. The federal agency originally issued the order in February because of concerns the...

Altus gets NASDAQ notice
By Chris Reidy, Globe Staff Altus Pharmaceuticals Inc. of Waltham said that it has been advised by the NASDAQ Stock Market that it is no longer in compliance with the $10 million minimum stockholders' equity listing requirement. "As of June...

Lottery unveils Patriots instant ticket
By Chris Reidy, Globe Staff The Massachusetts State Lottery has just unveiled a $5 New England Patriots instant ticket. The ticket's grand prize is five pairs of Patriots season tickets for life, and the new ticket is estimated to...

Consumer confidence is on the upswing in Mass.
Robert Gavin, Globe Staff Consumer confidence in Massachusetts rose to highest level in nearly two years as residents view of the future brightened significantly, a Boston consulting firm reported today. Mass Insight Corp. said consumer confidence index increased to 69...

Many Hub barber shops flunk state inspection
By Todd Wallack, Globe Staff One-third of Boston beauty salons and barber shops failed a surprise inspection in a sting last week. The state Division of Professional Licensure said it visited 162 beauty salons, barber shops, and cosmetology shops and...

Mass. gas prices rose 6 cents a gallon
(File photo: Lisa Poole/AP) By Chris Reidy, Globe Staff AAA?s August 11 survey of prices in Massachusetts found self-serve, regular unleaded averaging $2.579 per gallon, up 6 cents from last week's survey, AAA Southern New England said. It was...

Business confidence is up in Massachusetts
By Robert Gavin, Globe Staff Confidence among Massachusetts businesses continued its upward swing in July, rising to its highest level since November and signaling an end to recession here, Associated Industries of Massachusetts, or AIM, reported today. But AIM's...

Twining hires manager for Watermark Cambridge
By Chris Reidy, Globe Staff Twining Properties, an investment and development company that focuses on urban mixed-use green development at transit nodes along the Northeast Corridor, said in a press release that it has selected Boston Residential Group to manage...

Javelin pain drug misses key study goal
Associated Press Javelin Pharmaceuticals Inc. of Cambridge said that its pain treatment candidate Ereska failed to meet the key goal of reducing pain during a late-stage study on postoperative patients. The study focused on the differences in pain intensity over...

Skyhook Wireless can help you find Starbucks
(File photo: Lisa Poole/AP) By Chris Reidy, Globe Staff For the java buff in the throes of a Starbucks emergency, Skyhook Wireless says it has a smart-phone app for you. Skyhook Wireless, a Boston company that has developed a...

Stanford uses SensAble devices to plan surgeries
By Chris Reidy, Globe Staff For a doctor, sinus surgery is a touchy business, so Stanford University has devised a practice technique that makes use of "force-feedback haptic devices" from SensAble Technologies Inc., said SensAble, a Woburn-based provider of haptic...

DePasquale is ready to make a Splash
By Chris Reidy, Globe Staff Is Boston's Leather District ready for this? Serial restaurateur Frank DePasquale (right) is gearing up to open the Splash Ultra Lounge & Burger Bar, a new joint where billiards are "state-of-the-art" and the menu aims...

Alnylam gets patent news
By Chris Reidy, Globe Staff Alnylam Pharmaceuticals Inc. of Cambridge and Regulus Therapeutics Inc. said that they have been awarded a US patent that covers some of their intellectual property related to microRNAs, a field thought to be ripe for...

Eastern Bank celebrates opening of Hyannis branch
By Chris Reidy, Globe Staff Eastern Bank said it is offering a cash reward program and some New England Patriots tickets to celebrate the recent opening of a new branch in Hyannis. The branch is the 83rd for a Boston-based...

Today in Globe Business
State Street hints at stiff fines State Street Corp. yesterday hinted it might face stiff penalties from federal and state regulators who are investigating whether the company misled investors about the safety of some of its conservative bond funds that...

Monday, August 10, 2009

Big trades in First Marblehead trigger concerns
By Sean Sposito, Globe Correspondent The New York Stock Exchange raised concerns about unusually large trading in student lender First Marblehead Corp. today, just three days before the company is expected to report its most recent earnings. More than 1.6...

Kwon will join RSA
By Chris Reidy, Globe Staff RSA, the security division of Hopkinton-based data storage giant EMC Corp., said that Mischel Kwon will join RSA?s Worldwide Professional Services unit as vice president of public sector security solutions. Kwon is the outgoing director...

Genzyme will scrap some material for making a drug
By Robert Weisman, Globe Staff Cambridge biotechnology company Genzyme Corp. said today that it has decided to scrap about 80 percent of material used to make the drug Cerezyme that it had been working on at the time a virus...

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