Wednesday, August 19, 2009

Daily Business Update from the Boston Globe

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Wednesday, August 19, 2009

Icelandair relocates N. American office to Quincy
By Chris Reidy, Globe Staff Icelandair, the national carrier of Iceland, said that it has relocated its North American corporate headquarters from Columbia, Md., to Quincy. The airline currently operates 11 flights a week from Logan International Airport, and the...

Shire plans more hiring in Lexington
By Robert Weisman, Globe Staff British drugmaker Shire plc said it now plans to invest $460 million in its Lexington campus over the next eight years and hire 750 full-time employees as part of an expansion of its Lexington-based Human...

Verizon donates $50k to program for local students
By Chris Reidy, Globe Staff Verizon Communications Inc. said that the Verizon Foundation has donated $50,000 to support a Boston Private Industry Council program that helps Boston public school students. The program helps students who have failed the MCAS or...

Eaton Vance 3Q profit falls 37 percent
Associated Press Boston asset manager Eaton Vance Corp. said its profit for its fiscal third quarter fell 37 percent as it recorded lower fund inflows than a year ago. The company reported net income of $31.2 million, or 26 cents...

State alert: Consumers have new credit card rights
By Chris Reidy, Globe Staff The Massachusetts Office of Consumer Affairs and Business Regulation issued a reminder to consumers that they will have new credit card rights under the federal Credit Card Accountability Responsibility and Disclosure Act. The act requires...

RE/MAX: Housing market is starting to stabilize
By Chris Reidy, Globe Staff RE/MAX of New England, a real estate network of franchisee owned and operated brokerages, said that it is seeing signs that a confluence of low mortgage rates, dropping prices, and home buyer tax credits is...

BJ's Wholesale 2Q profit drops but beats estimates
Associated Press BJ's Wholesale Club, the Natick-based retailer, said in a press release that its second-quarter profit dipped 4 percent and sales declined because of falling gasoline prices. Still, the warehouse-club chain's results beat analysts' estimates and it raised its...

Raytheon eyes new anti-missile system for Israel
Reuters Raytheon Co., the Waltham-based defense contractor, said it was developing a new system that, if deployed, could boost Israel's defenses against Iran as soon as 2013 and beef up anti-missile bulwarks worldwide. The system could also help resolve a...

Schwartz Communications buys British PR firm
By Chris Reidy, Globe Staff Schwartz Communications, a Waltham-based public relations firm focused on such sectors as technology, health care and the so-called clean tech sector, said it has acquired Hayhurst Media, a British PR firm. The press release issued...

Jones Lang LaSalle negotiates shopping center sale
By Chris Reidy, Globe Staff The local office of Jones Lang LaSalle said it has negotiated the sale of Queen Plaza in Southington, Conn., to an affiliate of R.K. Associates, which has renamed the property RK Queen Plaza. According to...

Foreclosures up in July from June but down from '08
By Chris Reidy, Globe Staff Foreclosures in Massachusetts increased almost 9 percent in July from June but dropped 38 percent from the number in July 2008, said the Warren Group, the Boston firm that publishes Banker & Tradesman and that...

Today in Globe Business
Power system upgrades keep the AC flowing Something?s missing from this week?s mini heat wave: problems with power. Temperatures boiling over into the mid-90s have helped push demand for electricity to its highest levels so far this year. And yet,...

Tuesday, August 18, 2009

Kodak takes a hint from the Globe
By Hiawatha Bray, Globe Staff In a Tech Lab review in last Thursday's Globe, I praised the Zi8 pocket video camera from Eastman Kodak Co. as a strong challenger to the popular Flip MinoHD, but described the new camera's...

Southwest Airlines springs fall/winter sale
By Paul S. Makishima, Globe Staff Southwest Airlines, which just commenced service from Boston, is launching a fare sale for the slower fall and winter seasons, with one-way prices starting at $59. Purchases must be made by Sept. 3 for...

Boston Scientific spent $480k lobbying gov't in 2Q
Associated Press Natick medical device maker Boston Scientific Corp. spent $480,000 in the second quarter to lobby the federal government on issues affecting its products, according to a recent disclosure report. The company lobbied on a bill that would require...

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