Wednesday, August 12, 2009

Daily Business Update from the Boston Globe

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Wednesday, August 12, 2009

The Sports Hub unveils its on-air lineup
(File photo of Zolak from his playing days: Jim Davis/Globe Staff) By Johnny Diaz, Globe Staff Boston's new sports talk radio station, 98.5 FM The Sports Hub, debuts tomorrow and has announced its starting lineup of on-air personalities. The...

Hey, locals, enjoy that bigger pay check
By Chris Reidy, Globe Staff Total compensation costs for private industry workers in the Boston area rose 3.5 percent for the 12-month period that ended in June, the Boston office of the Bureau of Labor Statistics said. Among the 14...

Inverness completes acquisition
By Chris Reidy, Globe Staff Inverness Medical Innovations, the Waltham medical testing company, said in a regulatory filing that it has closed its previously announced acquisition of Concateno plc. In order to partially fund the acquisition of Concateno, Inverness said...

Keane has a new chief executive
By Chris Reidy, Globe Staff Keane, a Boston-based information-technology firm, said that it has appointed John W. McCain as president and chief executive. McCain joins Keane after his most recent assignment at Hewlett-Packard Co., where he was senior vice president...

Who, What, Where
Alex Dauria has been named managing director of the Boston region for Jones Lang LaSalle, a national financial and professional services firm specializing in real estate. Ben Breslau and John Schena have been named as national directors from the Boston...

iRobot gets Army order for more PackBots
By Chris Reidy, Globe Staff Bedford's iRobot Corp. said today that it has received a $5.1 million order from the US Army for more of its battlefield PackBot robots and spare parts "This is the eleventh order under the...

Duke Nukem goes shopping? Malls got game
By Chris Reidy, Globe Staff Mall operators have long seen their shopping centers as potential entertainment venues: "Amuse the American people, and they will shop till they drop" is how the theory goes. Looking to get folks to the malls...

Ethan Allen moves to 4th-quarter loss on charges
Associated Press DANBURY, Conn.-- Ethan Allen Interiors Inc. reported a fiscal fourth-quarter loss due mostly to a large restructuring and impairment charge, but its adjusted results met analysts' estimates. Late Tuesday the furniture maker said it lost $16.9 million, or...

Fidelity: More workers increase retirement savings
Reuters More workers put more money into their retirement plans in the second quarter than reduced their contributions, according to new data from Fidelity Investments, the Boston mutual funds giant. The figures reverse a trend from past quarters as markets...

More RI residents collect unemployment benefits
p class="byline">Associated Press The number of people in Rhode Island collecting and exhausting unemployment benefits continues to rise. Officials with the state Department of Labor and Training say as of Aug. 5 about 34,500 Rhode Islanders were collecting some type...

TA Associates closes $4b growth private equity fund
By Chris Reidy, Globe Staff TA Associates, a private equity firm with offices in Boston, announced the closing of a $4 billion private equity fund, TA XI, L.P. The fund is the successor to TA X, a $3.5 billion fund...

Today in Globe Business
A tough quarter for Massachusetts lenders A number of Bay State community banks said their earnings were bruised last quarter by the weak economy and millions of dollars in extra fees to insure their deposits. Some local institutions, including Eastern...

Tuesday, August 11, 2009

Leno woos Hub, tapes promos with Khazei, Rivera
By Johnny Diaz, Globe Staff NBC late night host Jay Leno returned to Boston today to drum up publicity for his new primetime show, which debuts Sept. 14. Leno stopped by NBC affiliate WHDH-TV (Channel 7) and taped promos with...

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