Friday, August 14, 2009

Daily Business Update from the Boston Globe

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Friday, August 14, 2009

Union is running radio ads for Southwest Airlines
By Chris Reidy, Globe Staff The union that represents Southwest Airlines flight attendants said it is launching a radio ad in the Boston market that seeks to alert locals that Southwest is heavily unionized as well as profitable. The union...

Stream Global agrees to combine with Manila firm
By Chris Reidy, Globe Staff Stream Global Services Inc. of Wellesley and EGS Corp. of the Philippines said they have agreed to combine in a stock-for-stock transaction that will result in a combined company of 30,000 employees and projected 2010...

Bureau issues local consumer price numbers
By Chris Reidy, Globe Staff For the Boston metro area, the Consumer Price Index for All Urban Consumers, or CPI-U, metropolitan area increased 0.5 percent for the two months that ended in July, with the increase largely due to rising...

Cambridge lab plans shut-down
By Scott Kirsner, Globe Correspondent France Telecom is shutting down its Cambridge research facility, which employs 52 people and which is supervised by chief executive Frank Bowman. The news was reported on Boston.com's Innovation Economy blog. To read the full...

3 New England states set joint FairPoint session
Associated Press CONCORD, N.H. -- Regulators from New Hampshire, Maine and Vermont are expected to question FairPoint Communications Inc. executives next month about the troubled communication company's problems. All three states have held hearings with FairPoint, but this will be...

Hood puts $10k bounty on region's best dairy recipe
By Chris Reidy, Globe Staff Have a swell eggnog parfait recipe or a side dish that can be sublimed with sour cream? Then HP Hood LLC may have a culinary challenge for you. The Lynnfield-based dairy operator is offering a...

Pro-Pharmaceuticals reports earnings
By Chris Reidy, Globe Staff Pro-Pharmaceuticals Inc. reported a second-quarter loss as it cut costs on such items as research-and-development. The Newton company, which said it is gearing up for a Phase lll trial of its lead drug candidate, is...

Eastern Bank announces TV ad finalists
By Chris Reidy, Globe Staff Eastern Bank has announced the five high schools and their football teams that are finalists in its contest to star in an Eastern Bank TV commercial. More than two dozen schools applied for the opportunity,...

RI airport project nearly halfway complete
Associated Press WARWICK, R.I. -- A new transportation hub linking Rhode Island's main airport to a commuter rail line is nearly half done and should be finished in just over a year, state officials said. The $267 million project will...

Menino OK's development projects to move forward
By Chris Reidy, Globe Staff The office of Mayor Thomas M. Menino said that the Boston Redevelopment Authority?s board has granted tentative designation to a redeveloper for a parcel in the Charlestown Navy Yard, taken action that will enable construction...

Two shareholders complain of Fidelity proxy issues
Reuters Representatives of mutual fund giant Fidelity Investments tried to impede two shareholders from voting against the company's board in a proxy contest over a human rights issue, the shareholders said. Shareholders of nine funds will vote Friday on a...

Today in Globe Business
In N.H. city, a hard-to-fill void after paper closes CLAREMONT, N.H. - As she gingerly placed chips on her Bingo board, 72-year-old Carol Bishop reflected on the recent closure of the city?s only daily newspaper, the Claremont Eagle Times: ?It...

Thursday, August 13, 2009

Sonus Networks to lay off 10 percent of workforce
Associated Press Sonus Networks Inc. said that it's laying off 93 people, or 10 percent of its workforce, in the latest round of job cuts. The Westford-based maker of Internet network hardware and software said in a press release it...

Northeast Health looks to hire new chief executive
By Robert Weisman, Globe Staff Northeast Health System of Beverly, the parent of Beverly Hospital, today said it is focusing its search for a new chief executive on Ohio hospital executive Ken Hanover, and is in the process of negotiating...

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